Nonprofit · EIN 88-0245022
STEADMAN PHILIPPON RESEARCH INSTITUTE
Tax-exempt · VAIL, CO 81657
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,151,760 | $16,201,121 | -$2,049,361 | $14,362,541 | $7,471,034 | $6,891,507 |
| December 31, 2023 | 990 | $13,892,440 | $16,176,377 | -$2,283,937 | $15,741,993 | $7,127,002 | $8,614,991 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,631,292
- of which government grants
- $2,108,534
- Program service revenue
- $400,125
- Investment income
- $38,834
- Royalties
- $55,131
- Net gain from sales of assets
- -$23,285
- Net income from fundraising events
- -$16,485
- Other revenue
- $81,509
Expenses
- Grants and similar amounts paid
- $722,737
- Compensation of officers, directors and key employees
- $681,250
- Other salaries and wages
- $7,007,835
- Salaries, compensation and benefits (total)
- $9,014,316
- Professional fundraising fees
- $0
- Legal fees
- $249,560
- Accounting fees
- $64,675
- Occupancy
- $613,364
- Travel
- $480,956
- Depreciation
- $557,868
- Program services (functional)
- $11,752,207
- Management and general (functional)
- $2,787,722
- Fundraising (functional)
- $1,661,192
Balance sheet and other
- Total assets, start of year
- $15,741,993
- Total assets, end of year
- $14,362,541
- Total liabilities, end of year
- $7,471,034
- Net assets, end of year
- $6,891,507
- Land, buildings and equipment
- $1,626,237
- Net assets without donor restrictions
- $252,049
- Net assets with donor restrictions
- $6,639,458
- Gross receipts
- $15,197,901
- Employees
- 79
- Volunteers
- 0
- Year formed
- 1988
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHNNY HUARD | CHIEF SCIENTIFIC OFFICER Highest-paid employee | 40 | $646,016 | $15,810 |
| DAN DRAWBAUGH | CEO/PRESIDENT Trustee or director, Officer | 16 | $513,750 | $689 |
| LEE JONES | VP OF DEVELOPMENT Highest-paid employee | 40 | $343,296 | $12,499 |
| SCOTT TASHMAN | DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $291,489 | $20,839 |
| SUZANNE PAGE | VICE PRESIDENT OF OPERATIONS Highest-paid employee | 40 | $296,394 | $12,707 |
| KRISTIN MORGAN | DIRECTOR OF PHILANTHROPY Highest-paid employee | 40 | $189,292 | $9,886 |
| GEOFF GRAY | CFO/TREASURER Officer | 16 | $160,405 | $6,406 |
| DR MARC PHILIPPON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT BOURNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILL COOK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDY DALY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM GORRIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR TOM HACKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TED HARTLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT HURST | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VANESSA KERZNER | BOARD MEMBER Trustee or director | 1 | $0 |
| DORIS KIRCHNER | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS LINDLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| DR PETER MILLETT | BOARD MEMBER Trustee or director | 1 | $0 |
| CYNTHIA L NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| MARY K NOYES | BOARD MEMBER Trustee or director | 1 | $0 |
| SENENNE PHILIPPON | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN READ | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN RUDOLPH | BOARD MEMBER Trustee or director | 1 | $0 |
| DAMARIS SKOURAS | BOARD MEMBER Trustee or director | 1 | $0 |
| GEN PETE DAWKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK KRAUSER | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY MULLEN JR | BOARD MEMBER Trustee or director | 1 | $0 |
| AL PERKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEX RAMPELL | BOARD MEMBER Trustee or director | 1 | $0 |
| GARY S ROSENBACH | BOARD MEMBER Trustee or director | 1 | $0 |
| KENNETH SCHANZER | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE SHANNON | BOARD MEMBER Trustee or director | 1 | $0 |
| GAY L STEADMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHNNY HUARD | CHIEF SCIENTIFIC OFFICER Highest-paid employee | 40 | $648,391 | $32,118 |
| DAN DRAWBAUGH | CEO/PRESIDENT Trustee or director, Officer | 16 | $416,586 | $660 |
| LEE JONES | VP OF DEVELOPMENT Highest-paid employee | 40 | $315,683 | $25,270 |
| SCOTT TASHMAN | DEPARTMENT DIRECTOR Highest-paid employee | 40 | $312,610 | $26,490 |
| SUZANNE PAGE | VICE PRESIDENT OF OPERATIO Highest-paid employee | 40 | $307,452 | $24,941 |
| CHELSEA BAHNEY | DEPARTMENT DEPUTY DIRECTOR Highest-paid employee | 40 | $232,292 | $14,369 |
| JEFF GROTON | CONTROLLER Highest-paid employee | 40 | $177,781 | $15,338 |
| GEOFF GRAY | CFO/TREASURER Officer | 16 | $137,994 | $7,163 |
| ERIC AFFELDT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEWART TURLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GAY L STEADMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAMARIS SKOURAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE SHANNON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KENNETH SCHANZER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GARY S ROSENBACH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVEN READ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SENENNE PHILIPPON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AL PERKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY K NOYES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LARRY MULLEN JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALEX RAMPELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT HURST | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR MARC PHILIPPON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HOWARD BERKOWITZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT BOURNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILL COOK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CYNTHIA L NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDY DALY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR TOM HACKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TED HARTLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VANESSA KERZNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DORIS KIRCHNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRANK KRAUSER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR PETER MILLETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GEN PETE DAWKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 181 W MEADOW DR STE 1000, VAIL, CO 81657-5889
- Principal officer (990 for 2024)
- DAN DRAWBAUGH, 181 WEST MEADOW DRIVE SUITE 1000, VAIL, CO 81657
- Signed the 990
- JEFF GROTON, VP OF FINANCE
- Phone
- (970) 479-9797
- Website
- WWW.SPRIVAIL.ORG
- Return prepared by
- PLANTE & MORAN PLLC
Mission
BUILDING ON OUR LEGACY OF EXCELLENCE IN ORTHOPAEDIC SPORTS MEDICINE, SPRI IS UNLOCKING THE SECRETS OF HEALING, FINDING CURES AND ENHANCING LIVES THROUGH GLOBAL LEADERSHIP IN REGENERATIVE MEDICINE, SCIENTIFIC RESEARCH, INNOVATION AND EDUCATION.
Program accomplishments
- CENTER FOR REGENERATIVE AND PERSONALIZED MEDICINE (CRPM) - CRPM IS COMMITTED TO CONDUCTING THE HIGHEST IMPACT TEAM SCIENCE, LEVERAGING THE EXPERTISE OF THE INSTITUTE'S OTHER SCIENTIFIC DEPARTMENTS. CRPM'S KEY AREA OF FOCUS IS TO ACCELERATE CLINICAL TRANSLATION AND HELP SCIENTIFIC DISCOVERIES AND PROVEN TREATMENTS GET TO PATIENTS FASTER. CRPM'S SCIENTIFIC PROGRAMS INVESTIGATE CELLULAR SCIENCE AND REGENERATIVE MEDICINE TECHNIQUES AND THERAPIES. THESE PROGRAMS ARE: FRACTURE REPAIR AND REGENERATIVE THERAPEUTICS MUSCLE REPAIR AND STEM CELL BIOLOGY BONE AND CARTILAGE REPAIR AND STEM CELL BIOLOGY GENETIC AND CELLULAR ENGINEERING STEM CELL ENGINEERING AND CARTILAGE REGENERATION HEALTH AGING DIAGNOSTICSExpenses $5,216,845 · grants $172,737
- BIOMEDICAL ENGINEERING (BME) IS A MULTIDISCIPLINARY LABORATORY WHICH APPLIES QUANTITATIVE, ANALYTICAL, AND INTEGRATIVE METHODS TO THE FIELD OF ORTHOPAEDIC MEDICINE. THE MULTITALENTED RESEARCH STAFF INTEGRATES CLINICAL CARE, RESEARCH, AND EDUCATION WITH THE RESOURCES OF WORLD-RENOWNED MEDICAL DOCTORS IN ORDER TO IMPROVE THE TREATMENT OF MUSCULOSKELETAL DISEASES. THIS FOCUSED APPROACH IS DESIGNED TO MAINTAIN AND ENHANCE ATHLETIC PERFORMANCE, HEALTH, AND QUALITY OF LIFE FOR THE PROFESSIONAL, SEMI-PROFESSIONAL, COLLEGIATE, HIGH SCHOOL AND THE RECREATIONALLY ACTIVE INDIVIDUAL THROUGH AN EMPHASIS ON BENCH-TO-BEDSIDE RESEARCH. SEE CONTINUATION ON SCHEDULE O. THE PROGRAMS PROVIDED BY THE DEPARTMENT OF BIOMEDICAL ENGINEERING ARE UNIQUE AND DIVERSE AND THEY ENCOMPASS A COMPLETE RANGE OF SERVICES FOR THE PHYSICALLY ACTIVE OR THOSE WISHING TO RETURN TO AN ACTIVE LIFESTYLE AFTER INJURY.Expenses $2,156,347
- THE CENTER FOR OUTCOMES-BASED ORTHOPAEDIC RESEARCH (COOR) PURSUES PATIENT-CENTERED OUTCOMES RESEARCH, WHICH HAS BEEN DEFINED AS THE STUDY OF THE END RESULTS OF MEDICAL TREATMENT, WHICH IS INTENDED TO PROVIDE SCIENTIFIC EVIDENCE TO SUPPORT PATIENT AND PHYSICIAN DECISIONS REGARDING MEDICAL TREATMENT. THE INSTITUTE'S OUTCOMES RESEARCH IS BASED ON PHYSICIAN/PATIENT ASSESSMENT OF IMPROVEMENT IN FUNCTION, QUALITY OF LIFE AND PATIENT SATISFACTION. OUTCOMES RESEARCH PROVIDES A TOOL TO LINK THE PATIENT'S PERSPECTIVE TO THE EFFECTIVENESS OF HEALTH TREATMENT. THIS ALLOWS FOR INCREASED PARTICIPATION BY PATIENTS IN THE DECISION-MAKING PROCESS REGARDING THE KIND OF CARE THEY DESIRE. OUR GOAL IN COOR IS TO LEARN FROM PATIENTS AND VALIDATE TREATMENT PROTOCOLS IN AN EFFORT TO IMPROVE THE QUALITY OF HEALTH CARE FOR EVERY PATIENT.Expenses $1,450,626
- SURGICAL SKILLS LABORATORY; EDUCATION AND FELLOWSHIP PROGRAM; DEPARTMENT OF TECHNOLOGY AND MULTIMEDIA COMMUNICATIONS, AND IMAGING RESEARCHExpenses $2,928,389 · grants $550,000 · revenue $127,025
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-0245022
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H92)
- Assets (IRS master file)
- $14,362,541
- Income (IRS master file)
- $15,197,901
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,151,760 | $16,201,121 | $14,362,541 | XML |
| 990 | December 2023 | $13,892,440 | $16,176,377 | $15,741,993 | XML |
| 990 | December 2022 | $13,468,545 | $15,373,731 | $17,123,463 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-0245022).
Questions about STEADMAN PHILIPPON RESEARCH INSTITUTE
- What is the EIN of STEADMAN PHILIPPON RESEARCH INSTITUTE?
- The employer identification number (EIN) of STEADMAN PHILIPPON RESEARCH INSTITUTE is 88-0245022.
- Is STEADMAN PHILIPPON RESEARCH INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to STEADMAN PHILIPPON RESEARCH INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STEADMAN PHILIPPON RESEARCH INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STEADMAN PHILIPPON RESEARCH INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STEADMAN PHILIPPON RESEARCH INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STEADMAN PHILIPPON RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 names DAN DRAWBAUGH.
- Who are the officers and directors of STEADMAN PHILIPPON RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 34 people; 7 received compensation from the organization, the highest $646,016 (JOHNNY HUARD, CHIEF SCIENTIFIC OFFICER).
- How much revenue does STEADMAN PHILIPPON RESEARCH INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,151,760, expenses of $16,201,121 and total assets of $14,362,541 at year end.
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