2023-10-16T09:44:21-05:00 2022-12-31 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2022-01-01 880245022 STEADMAN PHILIPPON RESEARCH INSTITUTE STEA 9704799797 181 WEST MEADOW DRIVE SUITE 1000 VAIL CO 81657 GEOFF GRAY CHIEF FINANCIAL OFFICER 9704795806 2023-09-07 1 GEOFF GRAY 999009999 0 DORI J EGGETT P00645252 3037409400 2023-09-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN DRAWBAUGH 181 WEST MEADOW DRIVE SUITE 1000 VAIL CO 81657 13535666 0 X WWW.SPRIVAIL.ORG X 1988 CO DEDICATION TO KEEPING PEOPLE PHYSICALLY ACTIVE THROUGH ORTHOPAEDIC RESEARCH AND EDUCATION. 28 27 79 0 0 0 15043952 13301274 122584 121483 0 0 47537 45788 15214073 13468545 550000 887175 0 0 7670055 8643235 0 0 1770713 5947429 5843321 14167484 15373731 1046589 -1905186 14955351 17123463 2021781 6608296 12933570 10515167 X 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. 0 0 5795883 337175 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 DIAGNOSTICS 1497145 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. 1600189 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. 2239794 550000 121483 SURGICAL SKILLS LABORATORY; EDUCATION AND FELLOWSHIP PROGRAM; DEPARTMENT OF TECHNOLOGY AND MULTIMEDIA COMMUNICATIONS, AND IMAGING RESEARCH. 2239794 550000 121483 11133011 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 73 0 1 79 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 1 1 0 AL AR CA CT FL GA IL KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV X GEOFF GRAY 9704795806 181 W MEADOW DRIVE VAIL CO 81657 ERIC AFFELDT BOARD MEMBER 1.00 X 0 0 0 ALEX RAMPELL BOARD MEMBER 1.00 X 0 0 0 DR RICHARD STEADMAN CO-CHAIR 1.00 X X 0 0 0 DR MARC PHILIPPON CO-CHAIR 1.00 X X 0 0 0 HOWARD BERKOWITZ BOARD MEMBER 1.00 X 0 0 0 ROBERT BOURNE BOARD MEMBER 1.00 X 0 0 0 WILL COOK BOARD MEMBER 1.00 X 0 0 0 ANDY DALY BOARD MEMBER 1.00 X 0 0 0 GEN PETE DAWKINS BOARD MEMBER 1.00 X 0 0 0 DR TOM HACKETT BOARD MEMBER 1.00 X 0 0 0 TED HARTLEY BOARD MEMBER 1.00 X 0 0 0 VANESSA KERZNER BOARD MEMBER 1.00 X 0 0 0 DORIS KIRCHNER BOARD MEMBER 1.00 X 0 0 0 FRANK KRAUSER BOARD MEMBER 1.00 X 0 0 0 DR PETER MILLETT BOARD MEMBER 1.00 X 0 0 0 LARRY MULLEN JR BOARD MEMBER 1.00 X 0 0 0 CYNTHIA L NELSON BOARD MEMBER 1.00 X 0 0 0 MARY K NOYES BOARD MEMBER 1.00 X 0 0 0 AL PERKINS BOARD MEMBER 1.00 X 0 0 0 SENENNE PHILIPPON BOARD MEMBER 1.00 X 0 0 0 STEVEN READ BOARD MEMBER 1.00 X 0 0 0 GARY S ROSENBACH BOARD MEMBER 1.00 X 0 0 0 KENNETH SCHANZER BOARD MEMBER 1.00 X 0 0 0 MIKE SHANNON BOARD MEMBER 1.00 X 0 0 0 DAMARIS SKOURAS BOARD MEMBER 1.00 X 0 0 0 GAY L STEADMAN BOARD MEMBER 1.00 X 0 0 0 STEWART TURLEY BOARD MEMBER 1.00 X 0 0 0 DAN DRAWBAUGH CEO/PRESIDENT 16.00 X X 375000 0 0 GEOFF GRAY CFO/TREASURER 16.00 X 163353 0 33169 JOHNNY HUARD CHIEF SCIENTIFIC OFFICER 40.00 X 647053 0 53967 SCOTT TASHMAN DEPARTMENT DIRECTOR 40.00 X 294045 0 48424 LEE JONES VP OF DEVELOPMENT 40.00 X 302306 0 43744 SUZANNE PAGE VICE PRESIDENT OF OPERATIO 40.00 X 290583 0 44168 CHELSEA BAHNEY DEPARTMENT DEPUTY DIRECTOR 40.00 X 186085 0 54667 JEFF GROTON CONTROLLER 40.00 X 161079 0 17538 2419504 0 295677 24 0 1 0 CASSIDY & ASSOCIATES 607 FOURTEENTH STREET NW SUITE 400 WASHINGTON DC 20005 GOVERNMENT RELATIONS 180000 ROBERT HARDIE 1101 VERBENA COURT SILVER SPRING MD 20906 GOVERNMENT RELATIONS 130431 2 197593 3617386 9486295 1274949 13301274 LAB RENTAL 900099 76333 76333 PRODUCTION SERVICES 900099 31500 31500 VAIL SCIENTIFIC SUMMIT 900099 9750 9750 INJURY PREVENTION SYMPOSIUM 900099 3900 3900 121483 47345 47345 52097 197593 67121 -15024 -15024 OTHER INCOME 900099 13467 13467 13467 13468545 121483 0 45788 887175 887175 571522 571522 6895703 5319529 814491 761683 141579 112827 3666 25086 557719 463521 48775 45423 476712 354374 77859 44479 202685 3185 199500 81212 81212 1509370 994589 128641 386140 281495 16012 36967 228516 250238 162567 57350 30321 203558 111630 61420 30508 801632 661610 117635 22387 323364 219233 67254 36877 45892 8988 36904 430347 417055 7341 5951 88610 46983 40186 1441 SUPPLIES 830940 811303 11976 7661 EVENTS 236272 180227 115 55930 EQUIPMENT LEASES 214045 195049 17642 1354 EMPLOYEE EXPENSES 190712 87734 87192 15786 152949 79420 39263 34266 15373731 11133011 2470007 1770713 2248905 1402717 2036940 2532029 3858789 3142326 1227275 1612505 80058 151580 8283917 6995472 1189242 1288445 844642 227050 3469500 6766811 14955351 17123463 1471530 2007029 550251 4601267 2021781 6608296 X 2982643 1884458 9950927 8630709 12933570 10515167 14955351 17123463 -1905186 -513217 0 X 0 1 X 1 1 1 X 12777521 11607364 14704813 15043952 13301274 67434924 12777521 11607364 14704813 15043952 13301274 67434924 15186795 52248129 45806 53255 44998 39857 47345 231261 13467 13467 67679652 1196462 0.77200 0.80410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3469500 -488148 2981352 2287268 1000000 254327 72095 3469500 2119821 167447 2287268 1000000 1000000 119821 2119821 1000000 1000000 1.00000 1 0 1791636 1526623 265013 6194215 5171943 1022272 298066 296906 1160 1288445 ASSETS HELD AT VAIL HEALTH FOUNDATION 2981352 RIGHT-OF-USE LEASED ASSETS 3684918 INTERCOMPANY RECEIVABLE - SPRI GOLF 100541 6766811 DUE TO/FROM SPRI LEASING CORPORATION 887168 RIGHT-OF-USE LEASE LIABILITIES 3714099 4601267 X 13837470 -513217 882142 368925 13468545 0 13468545 16072000 698269 698269 15373731 0 15373731 PART V, LINE 4: THE ENDOWMENT IS HELD BY THE FOUNDATION AND IS MANAGED ACCORDING TO THE FOUNDATION'S INVESTMENT POLICIES THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE FOUNDATION MUST HOLD ON BEHALF OF THE INSTITUTE IN PERPETUITY. THE FOUNDATION WILL MAKE DISTRIBUTIONS FROM THE ENDOWMENT FUND ANNUALLY IN ACCORDANCE WITH THE FOUNDATION'S SPENDING POLICY. PART X, LINE 2: THE INSTITUTE IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE INSTITUTE AND RECOGNIZE A TAX LIABILITY IF THE INSTITUTE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE INSTITUTE AND CONCLUDED THAT, AS OF DECEMBER 31, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE INSTITUTE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY REVENUE REPORTED ON SEPARATE RETURNS 815,021. FUNDRAISING EXPENSES INCLUDED ON STATEMENT OF REVENUE 67,121. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY EXPENSES REPORTED ON SEPARATE RETURNS 631,148. FUNDRAISING EXPENSES INCLUDED ON STATEMENT OF REVENUE 67,121. SANCTUARY GOLF TOURNAMENT 249690 197593 52097 48000 8519 224 10378 249690 197593 52097 48000 8519 224 10378 67121 -15024 1 UNITED STATES OLYMPIC COMMITTEE ONE OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 501(C)3 550000 0 NATIONAL MEDICAL SERVICE RESEARCH PROVIDER 1 PART I, LINE 2: THE INSTITUTE MONITORS THE USE OF GRANT FUNDS THROUGH APPROVAL BY THE CEO AND DURING THE BUDGET PROCESS. X X X 0 0 0 0 0 0 0 1 0 JOHNNY HUARD CHIEF SCIENTIFIC OFFICER 547053 0 100000 0 0 0 27000 0 26967 0 701020 0 0 0 DAN DRAWBAUGH CEO/PRESIDENT 375000 0 0 0 0 0 0 0 0 0 375000 0 0 0 LEE JONES VP OF DEVELOPMENT 226306 0 76000 0 0 0 26999 0 16745 0 346050 0 0 0 SCOTT TASHMAN DEPARTMENT DIRECTOR 239045 0 55000 0 0 0 21457 0 26967 0 342469 0 0 0 SUZANNE PAGE VICE PRESIDENT OF OPERATIO 220583 0 70000 0 0 0 26415 0 17753 0 334751 0 0 0 CHELSEA BAHNEY DEPARTMENT DEPUTY DIRECTOR 162085 0 24000 0 0 0 20500 0 34167 0 240752 0 0 0 GEOFF GRAY CFO/TREASURER 127353 0 36000 0 0 0 20500 0 12669 0 196522 0 0 0 JEFF GROTON CONTROLLER 126079 0 35000 0 0 0 3699 0 13839 0 178617 0 0 0 PART I, LINE 7 THE AMOUNTS AND DECISION OF WHETHER THE ORGANIZATION'S OFFICERS RECEIVE A BONUS IS AT THE DISCRETION OF THE COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS. X 6 1252149 FMV X MEDICAL SUPPLIES 1 22800 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS SHALL APPOINT FROM ITS MEMBERS AN EXECUTIVE COMMITTEE CONSISTING OF SUCH NUMBER OF DIRECTORS AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS FROM TIME TO TIME (THE "EXECUTIVE COMMITTEE"). THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A STANDING COMMITTEE OF THE FOUNDATION AND IS AUTHORIZED TO EXECUTE ALL POWERS AND TO PERFORM ALL DUTIES OF THE BOARD IN THE INTERIM BETWEEN REGULAR OR SPECIAL MEETINGS OF THE BOARD OF DIRECTORS, EXCEPT AS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 GAY STEADMAN AND RICHARD STEADMAN MD ARE BOARD MEMBERS WHO HAVE A FAMILY RELATIONSHIP. MARC PHILIPPON MD AND SENNENE PHILIPPON ARE BOARD MEMBERS WHO HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO CERTAIN MANAGEMENT AND DESIGNATED MEMBERS OF THE EXECUTIVE COMMITTEE FOR REVIEW PRIOR TO FILING THE TAX RETURN. A COMPLETE COPY OF THE 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION WAS DETERMINED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE SECRETARY OF STATE OF COLORADO WEBSITE. THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE INSTITUTE'S WEBSITE. SPRI LEASING CORPORATION 181 WEST MEADOW DRIVE SUITE 1000 VAIL CO 81657 272763010 MEDICAL DIAGNOSTICS CO SPRI C 723000 1069591 1.00000 1 SPRI GOLF INC 181 WEST MEADOW DRIVE SUITE 1000 VAIL CO 81657 882346200 FUNDRAISING CO SPRI C 92021 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 SPRI LEASING CORPORATION M 385909 FAIR MARKET VALUE SPRI GOLF INC M 192561 FAIR MARKET VALUE