Joint Restoration Foundation Inc
95% goes to programs Growing revenue
Joint Restoration Foundation Inc is a 501(c)(3) organization based in Centennial, Colorado, registered in 2007, with $69,440,734 in FY2023 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
7245 S Havana St Ste 300, Centennial, CO, 80112 EIN 20-5839402 Since 2007
Revenue (FY2023)
$69.4M
▲ 16.6% vs prior year
Health median: $840K
Expenses (FY2023)
$68.0M
Net assets
$8.7M
Employees
33
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Joint Restoration Foundation Inc: 95% to programs earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Joint Restoration Foundation Inc: 2 mo reserves · +2% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Joint Restoration Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Joint Restoration Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Improve movement and quality of life through innovative solutions for allograft joint repair
What they do
Grants, research and charitable contributions: jrf sponsors various university research programs with the expectation that through innovation, ingenuity and commitment the best clinical results for patients can be achieved. based on these research efforts and collaborations with external medical advisors, jrf has ongoing programs for improving the processing of allograft tissue. typical results are greater amounts of usable tissue, satisfying the desire of donors and their families to help others. jrf also provides allograft tissue for studies to further promote improved patient outcomes through the use of allografts. in addition, joint restoration foundation supports 501(c)(3) organizations by making grants to promote donation awareness and education.
Education: jrf annually conducts/supports 6-8 educational symposiums, surgical training courses, and hands-on clinical sessions with surgeons and allied healthcare providers to affect positive surgical outcomes for patients using allograft tissue. another critical component of jrf's education and service is attendance and sponsorship of 6-8 nationally recognized surgical conferences. surgeons and related staff are able to learn about the technology provided by jrf and become more familiar with technical advances using allograft tissue.
Contact & location
- Address
- 7245 S Havana St Ste 300, Centennial, CO, 80112
- City
- Centennial
- State
- Colorado
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $25.9M (FY2013) to $69.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $9.4MNet assets $8.7M
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$18.1M
Total liabilities
$9.4M
Net assets
$8.7M
Salaries & benefits
$5.0M
7% of expenses
Board members
5
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $69,440,734▲16.6% | $67,959,547▲13.9% | $8,737,700▲20.4% | $18,145,191▲16.6% | 990 |
| 2022 | $59,570,714▲8.2% | $59,680,515▲8.2% | $7,256,513▼1.5% | $15,557,425▲1.4% | 990 |
| 2021 | $55,049,158▲10.9% | $55,140,257▲14.0% | $7,366,314▼1.2% | $15,337,890▼7.5% | 990 |
| 2020 | $49,644,351▼1.6% | $48,360,687▼3.7% | $7,457,413▲20.8% | $16,574,503▲31.0% | 990 |
| 2019 | $50,429,247▲18.2% | $50,202,283▲20.6% | $6,173,749▲3.8% | $12,648,365▲12.7% | 990 |
| 2018 | $42,682,123▲15.7% | $41,621,408▲15.7% | $5,946,785▲21.7% | $11,222,246▲9.5% | 990 |
| 2017 | $36,895,967▲10.9% | $35,984,662▲9.1% | $4,886,070▲22.9% | $10,246,387▲16.4% | 990 |
| 2016 | $33,271,813▲9.5% | $32,978,700▲9.7% | $3,974,765▲8.0% | $8,802,321▲8.9% | 990 |
| 2015 | $30,385,081▲20.4% | $30,054,937▲20.7% | $3,681,652▲9.9% | $8,086,100▲21.8% | 990 |
| 2014 | $25,236,383▼2.6% | $24,909,081▼3.1% | $3,351,508▲10.8% | $6,638,410▲3.4% | 990 |
| 2013 | $25,905,518 | $25,710,365▼2.2% | $3,024,206▲6.9% | $6,417,264▼4.4% | 990 |
| 2012 | — | $26,288,705▼0.3% | $2,829,053▲53.7% | $6,714,502▲1.6% | 990 |
| 2011 | — | $26,355,589▲48.2% | $1,840,917▲743% | $6,610,067▲18.3% | 990 |
| 2010 | — | $17,785,767 | $218,265 | $5,587,513 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Christian Bezenar — $374,726 (0.55% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christian Bezenar | Former President & Executive Director | 40 | $374,726 |
| David Wilke | Clinical Research Director | 40 | $259,649 |
| Keith Byers | President & Executive Director | 40 | $242,623 |
| Dina Pasquino | Operations Director | 40 | $237,053 |
| Michael Palleschi | Corporate Controller | 40 | $220,143 |
| Aaron Moreng | Information Technology Man | 40 | $141,958 |
| Sean Jacoby | Customer Service Manager | 40 | $131,345 |
| Matthew Fretzs | Product Manager | 40 | $128,299 |
| Daniel L Hood | Board Member | 1 | — |
| Dean Elliott | Board Member | 1 | — |
| Diane Wilson | Chairman | 1 | — |
| Kevin Smith | Secretary/treasurer | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Restoration Biologics LLC | Product Development Consulting | $313,290 |
| Scs Software Inc | Erp Consulting | $279,066 |
| Stat Instruments LLC | Instrument Rental | $236,646 |
| Brownstein Hyatt Farber Schreck LLP | Legal Services | $122,374 |
Grants made · $2.2M in FY2023
7 grants totaling $2.2M in FY2023. All grants made by Joint Restoration Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Foundation For Community Blood Center Community Tissue Services | Grant to support joint restoration foundation's mission | $1,209,148 |
| Allosource | Grant to support joint restoration foundation's mission | $790,852 |
| Oregon Health & Science University | Grant to support joint restoration foundation's mission | $116,010 |
| American Orthopaedic Society For Sports Medicine | Grant to support joint restoration foundation's mission | $55,000 |
| The Board of Trustees of the Leland Stanford Junior University | Grant to support joint restoration foundation's mission | $25,000 |
| Steadman Philippon Research Institute | Grant to support joint restoration foundation's mission | $24,023 |
| Mass General Brigham Incorporated | Grant to support joint restoration foundation's mission | $15,921 |
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Frequently asked questions
- Is Joint Restoration Foundation Inc a legitimate nonprofit?
- Yes. Joint Restoration Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-5839402, based in Centennial, Colorado. Donations are tax-deductible.
- What is Joint Restoration Foundation Inc's EIN?
- Joint Restoration Foundation Inc's Employer Identification Number (EIN) is 20-5839402.
- How much revenue does Joint Restoration Foundation Inc report?
- Joint Restoration Foundation Inc reported $69,440,734 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Joint Restoration Foundation Inc's spending goes to programs?
- Joint Restoration Foundation Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Joint Restoration Foundation Inc have?
- CharityIndex grades Joint Restoration Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Joint Restoration Foundation Inc's highest-paid employee make?
- The highest reported compensation on Joint Restoration Foundation Inc's latest Form 990 is $374,726, paid to Christian Bezenar (Former President & Executive Director).
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Data for Joint Restoration Foundation Inc (EIN 20-5839402) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.