Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
THE FELLOWSHIP OF ORTHOPAEDIC
RESEARCHERS
Number and street (or P.O. box number if mail is not delivered to street address)320 HAMMOND HIGHWAY 406
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
METAIRIE, LA70005
A Employer identification number

64-0920136
B Telephone number (see instructions)

(504) 309-9845
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,958,137J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,102,502
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 362 362 362
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 86,740 0 86,740
12 Total. Add lines 1 through 11........ 2,189,604 362 87,102
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 331,005 0 0 331,005
14 Other employee salaries and wages...... 378,808 0 25,844 352,964
15 Pension plans, employee benefits....... 20,815 0 2,316 18,499
16a Legal fees (attach schedule)......... Click to see attachment 132,489 0 22 132,467
b Accounting fees (attach schedule)....... Click to see attachment 15,449 154 1,536 13,759
c Other professional fees (attach schedule).... Click to see attachment 107,982 0 872 107,110
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 47,683 473 2,394 44,816
19 Depreciation (attach schedule) and depletion... Click to see attachment 108,563 0 5,401
20 Occupancy.............. 52,275 0 2,374 49,901
21 Travel, conferences, and meetings....... 32,558 0 5,471 27,087
22 Printing and publications.......... 176 0 0 176
23 Other expenses (attach schedule)....... Click to see attachment 335,363 0 40,248 289,660
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,563,166 627 86,478 1,367,444
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,563,166 627 86,478 1,367,444
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 626,438
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 624
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 724,601 2,192,588 2,192,588
2 Savings and temporary cash investments......... 1,116,588 370,836 370,836
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet1,061,835
Less: accumulated depreciation (attach schedule) bullet667,122 487,211 Click to see attachment394,713 394,713
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,328,400 2,958,137 2,958,137
Liabilities 17 Accounts payable and accrued expenses.......... 6,154 9,453
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 6,154 9,453
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 2,322,246 2,948,684
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 2,322,246 2,948,684
31 Total liabilities and net assets/fund balances (see instructions). 2,328,400 2,958,137
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,322,246
2
Enter amount from Part I, line 27a .....................
2
626,438
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,948,684
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,948,684
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 1,322,284 2,003,931 0.659845
2013 1,114,286 2,102,005 0.530106
2012 1,313,824 2,420,481 0.542795
2011 1,048,153 2,407,556 0.435360
2010 1,335,600 2,333,665 0.572319
2
Total of line 1, column (d) .....................
22.740425
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.548085
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,286,782
5
Multiply line 4 by line 3......................
5
1,253,351
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
0
7
Add lines 5 and 6........................
7
1,253,351
8
Enter qualifying distributions from Part XII, line 4.............
8
1,382,484
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletLA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.FORBONES.ORG
    14
    The books are in care ofbulletSTEPHEN COOK MD Telephone no.bullet (504) 309-9845

    Located atbullet320 HAMMOND HWY SUITE 406METARIRIELA ZIP+4bullet70005
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SAMANTHA L SALKELD DIRECTOR
    40.00     		122,750 10,017 0
    410 HECTOR AVENUE
    NEW ORLEANS,LA70005
    STEPHEN D COOK MD DIRECTOR
    40.00     		182,750 15,488 0
    410 HECTOR AVENUE
    NEW ORLEANS,LA70005
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    PETER STRZEPA STAFF
    40.00     		116,974 3,567 0
    2507 INWOOD PLACE
    AUSTIN,TX78703
    BILL OGILVIE STAFF
    40.00     		111,974 1,404 0
    107 RED BUD TRAIL
    WEST LAKE HILLS,TX78746
    LAURA PATRON STAFF
    40.00     		88,250 9,124 0
    114 COUNTRY MANOR RD
    BELLE CHASSE,LA70037
    JOAN LIEN STAFF
    40.00     		31,660 3,629 0
    7219 COHN STREET
    NEW ORLEANS,LA70118
    MICHAEL HARRISON STAFF
    40.00     		15,417 18 0
    72 LISA AVE
    KENNER,LA70065
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    FROMMER LAWRENCE & HAUG PATENT ATTORNEY FEES 80,842
    745 FIFTH AVENUE
    NEW YORK,NY10151
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 BROWN CARTILAGE (CARTILAGE REPAIR & REGENERATION PROGRAM)PATIENTS, WHOSE ACTIVITIES ARE LIMITED DUE TO ARTHRITIC KNEES BUT WHOSE PAIN IS NOT YET SEVERE ENOUGH TO WARRANT A TOTAL KNEE REPLACEMENT, FACE A PAUCITY OF TREATMENT OPTIONS. THE ARTICULAR CARTILAGE REPLACEMENT PROGRAM HAS SOUGHT TO DEVELOP A NOVEL MINIMALLY INVASIVE DEVICE TO REPLACE THE LOST AND DAMAGED CARTILAGE AND BONE IN THE MEDICAL CONDYLE AND THE PATELLA OF THE KNEE IN THESE PATIENTS. THIS PROGRAM BEGAN WITH A THOROUGH LITERATURE SEARCH AND ANATOMIC STUDIES OF THE KNEE. AN ANALYSIS OF THE ECONOMIC OPTIMIZATION FOR TREATMENTS FOR THE KNEE WAS ALSO UNDERTAKEN TO ASSESS THE VIABILITY OF VARIOUS NOVEL APPROACHES. NEXT, A SERIES OF PROTOTYPE IMPLANTS AND INSTRUMENTS WERE DEVELOPED TO MEET THE DESIGN CRITERIA OF THE IMPLANTS FOR BOTH THE MEDICAL CONDYLE AND THE PATELLA. ONCE THE DESIGN WAS FINALIZED, PROGRAMS OF EXTENSIVE MECHANICAL TESTING AND IN VIVO ANIMAL STUDY WERE UNDER TAKEN. 355,496
    2 BROWN PROSTHESIS (DIRECT TO SKELETON ATTACHMENT PROSTHESIS PROGRAM)RECOVERY FROM AN AMPUTATION IS A LONG AND COMPLEX PROCESS, OFTEN PRODUCING LESS THAN DESIRABLE RESULTS. EVEN A REHABILITATION THAT IS TERMED SUCCESSFUL WILL OFTEN INVOLVE COMPLICATIONS SUCH AS RESIDUAL LIMB SKIN BREAKDOWN, PAIN AND POOR CONTROL OF THE PROSTHETIC LIMB. THE PROSTHETIC ATTACHMENT PROGRAM HAS SOUGHT TO DEVELOP A PROSTHETIC LIMB IN WHICH AN IMPLANT WITHIN THE RESIDUAL LIMB REACTS WITH THE PROSTHETIC SOCKET TO PROVIDE A STABLE, NON-CONTACT CONNECTION BETWEEN THE PATIENT AND THE PROSTHESIS. THE INTERACTION OF THE SPECIALLY DESIGNED MAGNETIC SYSTEM RESULTS IN A SYSTEM OF FORCES, BY WHICH THE PROSTHESIS AND THE PATIENT'S SKELETON ARE HELD IN MECHANICAL EQUILIBRIUM, ELIMINATING PAIN AND SOFT TISSUE COMPLICATIONS ASSOCIATED WITH TRADITIONAL LIMB PROSTHESES. 248,829
    3 MARSHAL "MAGNETIC SPINAL IMPLANT" PROGRAMINSTABILITY AND DEGENERATION OF THE SPINE IS A DEBILITATING CONDITION THAT AFFECTS MILLION OF PEOPLE. TREATMENTS TYPICALLY INVOLVE SURGICAL STABILIZATION WITH VARYING RESULTS AND WIDE VARIATION IN OUTCOMES. THE PURPOSE OF THE MARSHAL "MAGNETIC SPINAL IMPLANT" PROGRAM IS TO EXPLORE AND DETERMINE THE VIABILITY OF THE USE OF MAGNETS TO STABILIZE AND RECONSTRUCT THE SPINE SAFELY, AND WITH IMPROVEMENT OVER CURRENT TREATMENTS AND TECHNOLOGIES, THERE BY RELIEVING PAIN AND SUFFERING. THE GOAL OF THE PROGRAM IS TO EXPLORE THE FEASIBILITY OF THIS STRATEGY AND DEVELOP A COMMERCIALLY VIABLE DEVICE THAT USES MAGNETIC TECHNOLOGY. IN 2015 THE PROGRAM FURTHER EXPLORED THE REGULATORY PATHWAY, FEASIBILITY OF VARIOUS MAGNETIC TECHNOLOGIES AND BIOCOMPATIBLE COATING TECHNOLOGIES, AND THE ANATOMIC AND OTHER TECHNICAL REQUIREMENT FOR AN IMPLANTABLE DEVICE FOR THE STABILIZATION OF THE CERVICAL SPINE. 566,225
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    2,321,606
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,321,606
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,321,606
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    34,824
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,286,782
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    114,339
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,367,444
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    15,040
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,382,484
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,382,484
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$  
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
    2000-04-06
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
    624 9,912 9,315 0 19,851
    b 85% of line 2a ......... 530 8,425 7,918 0 16,873
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,382,484 1,322,284 1,114,286 1,313,824 5,132,878
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,382,484 1,322,284 1,114,286 1,313,824 5,132,878
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		76,226 66,798 70,067 80,683 293,774
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aSTUDY SUPPORT         86,660
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 362  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aOTHER INCOME     		        80
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 362 86,740
    13Total. Add line 12, columns (b), (d), and (e)..................
    1387,102
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A THE MISSION OF THE FOUNDATION IS TO EXPAND SCIENTIFIC KNOWLEDGE IN AREAS THAT ARE TRADITIONALLY UNDER-INVESTIGATED BUT HAVE POTENTIAL TO REDUCE HUMAN SUFFERING. AS SUCH, THE FOUNDATION HAS DEVELOPED NOVEL APPROACHES TO THE DEVELOPMENT AND EVALUATION OF NUMEROUS ORTHPAEDIC IMPLANTS AND OTHER NOVEL MEDICAL TECHNOLOGIES. THE FOUNDATION RECEIVED STUDY SUPPORT FOR COLLABORATIVE RESERACH PROGRAMS THAT ARE IN LINE WITH THE FOUNDATIONS SCIENTIFIC EXPERTISE IN THE FIELD OF EVALUATING NOVEL ORTHOPAEDIC IMPLANTS AND MATERIALS. STUDY SUPPORT WAS RECEIVED FOR PROGRAMS THAT CONSIST OF INDIVIDUAL SCIENTIFIC INVESTIGATIONS OF SPINAL RECONSTRUCTION AND STABILIZING DEVICES, PROSTHETIC ATTACHMENT METHODS AND RECONSTRUCTIVE DEVICES AIMED AT THE ARTICULAR JOINTS. GENERALLY, THESE STUDIES INVOLVE AVENUES OF RESEARCH WHICH ARE GENERALLY BEYOND THE CAPABILITIES OF INDUSTRY AND ARE BETTER SUITED TO AN ACADEMIC AND SCIENTIFIC ENVIRONMENT. FUNDS HAVE BEEN UTILIZED TO FURTHER EXPLORE TREATMENTS FOR OSETOARTHRITIS
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    THE FELLOWSHIP OF ORTHOPAEDIC
    RESEARCHERS
    Employer identification number

    64-0920136
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THE FELLOWSHIP OF ORTHOPAEDIC
    RESEARCHERS         		Employer identification number
    64-0920136
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THE BROWN FOUNDATION
     

       
    320 HAMMOND HWY SUITE 500
     
    METARIRIE, LA70005

    		$ 673,752


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    MARSHALL HERITAGE FOUNDATION
     

       
    1807 LAKE STREET
     
    LAKE CHARLES, LA70601

    		$ 1,428,750


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THE FELLOWSHIP OF ORTHOPAEDIC
    RESEARCHERS         		Employer identification number

    64-0920136
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THE FELLOWSHIP OF ORTHOPAEDIC
    RESEARCHERS         		Employer identification number

    64-0920136
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
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    TY 2015 AccountingFeesSchedule
    Name:
    THE FELLOWSHIP OF ORTHOPAEDIC
     
    RESEARCHERS
    EIN:
    64-0920136
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & BOOKKEEPING 15,449 154 1,536 13,759

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    TY 2015 DepreciationSchedule
    Name:
    THE FELLOWSHIP OF ORTHOPAEDIC
     
    RESEARCHERS
    EIN:
    64-0920136
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    PRINTER 2004-02-04 533 533 SL 7.000000000000 0 0 0  
    COMPUTER MEMORY 2005-04-13 358 358 SL 5.000000000000 0 0 0  
    SONY COMPUTER 2005-06-07 2,891 2,891 SL 5.000000000000 0 0 0  
    WIRELESS MOUSE 2005-06-07 103 103 SL 5.000000000000 0 0 0  
    DELL COMPUTER 2005-11-09 1,413 1,413 SL 5.000000000000 0 0 0  
    DELL COMPUTER 2007-04-20 1,517 1,517 SL 5.000000000000 0 0 0  
    SDC COMPUTER 2008-03-27 1,087 1,087 SL 5.000000000000 0 0 0  
    COMPUTER EQUIPMENT 2008-05-15 2,618 2,618 SL 5.000000000000 0 0 0  
    ENGATECH PRINTER 2009-12-21 41,400 41,400 SL 5.000000000000 0 0 0  
    COMPUTER & MEMORY 2010-01-12 6,613 6,613 SL 5.000000000000 0 0 0  
    COMPUTER FOR INSTRON 2011-03-27 737 552 SL 5.000000000000 0 0 147  
    3D PRINTER 2011-06-09 4,021 2,881 SL 5.000000000000 0 0 804  
    DESK FILE CABINETS 2004-02-04 2,133 2,133 SL 7.000000000000 0 0 0  
    DESK CHAIR 2004-02-04 326 326 SL 7.000000000000 0 0 0  
    FURNITURE 2005-07-29 912 912 SL 7.000000000000 0 0 0  
    CHAIRS 2005-10-03 87 87 SL 7.000000000000 0 0 0  
    OFFICE CHAIRS & TABLES 2005-10-10 145 145 SL 7.000000000000 0 0 0  
    FILING CABINET 2006-12-04 1,574 1,574 SL 7.000000000000 0 0 0  
    BOOKCASES 2006-12-04 522 522 SL 7.000000000000 0 0 0  
    OFFICE FURNITURE 2007-02-21 5,337 5,337 SL 7.000000000000 0 0 0  
    PHONE SYSTEM 2007-02-12 3,840 3,840 SL 5.000000000000 0 0 0  
    OFFICE FURNITURE 2007-10-04 600 600 SL 7.000000000000 0 0 0  
    OFFICE FURNITURE 2007-10-30 637 637 SL 7.000000000000 0 0 0  
    3D PRINTER STAND 2010-01-11 482 345 SL 7.000000000000 0 0 69  
    DESKS 2010-01-11 1,260 900 SL 7.000000000000 0 0 180  
    BOOK CASES 2010-08-11 1,088 685 SL 7.000000000000 0 0 155  
    BOOK CASES 2011-05-16 1,213 620 SL 7.000000000000 0 0 173  
    LAB RENOVATIONS 2010-07-01 57,703 6,659 SL 39.000000000000 0 0 1,480  
    MOTION TRACKING SYSTEM - PMT 1 2001-10-01 16,479 16,479 SL 7.000000000000 0 0 0  
    MOTION TRACKING SYSTEM - PMT 2 2002-01-01 16,479 16,479 SL 7.000000000000 0 0 0  
    MOTION TRACKING SYSTEM SOFTWARE 2002-10-28 2,100 2,100 SL 7.000000000000 0 0 0  
    MOTION TRACKING SYSTEM ADDITION 2002-11-04 8,690 8,690 SL 7.000000000000 0 0 0  
    SURGICAL INSTRUMENTS 2003-10-01 733 733 SL 7.000000000000 0 0 0  
    SURGICAL INSTRUMENTS 2003-11-05 388 388 SL 7.000000000000 0 0 0  
    LASER PARTICAL COUNTER 2004-06-21 11,000 11,000 SL 7.000000000000 0 0 0  
    PURE AIR FUME HOOD 2004-07-31 2,252 2,252 SL 7.000000000000 0 0 0  
    CENTRIFUGE 2005-03-23 219 219 SL 7.000000000000 0 0 0  
    TRANSFORMER 2005-05-21 1,414 1,414 SL 7.000000000000 0 0 0  
    INSTRON SYSTEM 2005-06-21 88,082 88,082 SL 7.000000000000 0 0 0  
    MONITOR 2005-07-11 289 289 SL 5.000000000000 0 0 0  
    DEEP FREEZE 2005-07-11 490 490 SL 7.000000000000 0 0 0  
    STAINLESS STEELE TABLE 2005-07-29 202 202 SL 7.000000000000 0 0 0  
    CHEMICAL FILTERS 2005-07-29 914 914 SL 7.000000000000 0 0 0  
    CABINETS 2005-10-03 1,933 1,933 SL 7.000000000000 0 0 0  
    SURGICAL LIGHTS 2005-10-03 255 255 SL 7.000000000000 0 0 0  
    FUME HOOD 2005-12-05 4,431 4,431 SL 7.000000000000 0 0 0  
    CABINET 2006-04-11 550 550 SL 7.000000000000 0 0 0  
    LAB FLOORING 2007-03-02 2,188 2,188 SL 7.000000000000 0 0 0  
    REFRIGERATOR 2007-01-30 609 609 SL 7.000000000000 0 0 0  
    FILTRATION EQUIPMENT 2007-04-19 1,067 1,067 SL 7.000000000000 0 0 0  
    SENSORS 2007-05-02 1,985 1,985 SL 7.000000000000 0 0 0  
    CAPTAIR FUME HOOD 2007-07-27 1,318 1,318 SL 7.000000000000 0 0 0  
    LINEAR ABRASER TABER 2007-04-12 6,150 6,150 SL 7.000000000000 0 0 0  
    WORKTABLE 2008-04-07 283 272 SL 7.000000000000 0 0 11  
    X-RAY MACHINE 2008-10-03 107,264 95,770 SL 7.000000000000 0 0 11,494  
    WATER FILTRATION LAB EQ 2010-03-16 4,915 3,335 SL 7.000000000000 0 0 702  
    COMPRESSION LOAD CELL 2011-12-16 583 351 SL 5.000000000000 0 0 117  
    LAB WASHER & ACCESSORIES 2010-04-21 9,640 6,426 SL 7.000000000000 0 0 1,377  
    ACID STORAGE CABINET 2010-09-16 1,008 612 SL 7.000000000000 0 0 144  
    INSTRUMENT CASES 2011-09-07 21,001 10,000 SL 7.000000000000 0 0 3,000  
    SENSOR SYSTEM 2011-11-22 6,150 3,793 SL 5.000000000000 0 0 1,230  
    MLC CAD SYSTEMS SOFTWARE 2009-12-31 6,005 6,005 SL 3.000000000000 0 0 0  
    ABAQUS RESEARCH SOFTWARE 2010-08-30 3,025 3,025 SL 3.000000000000 0 0 0  
    3D APPLICATION SOFTWARE 2010-09-30 12,075 12,075 SL 3.000000000000 0 0 0  
    ACROBAT SOFTWARE 2010-12-03 299 299 SL 3.000000000000 0 0 0  
    ACROBAT SOFTWARE 2011-02-28 598 598 SL 3.000000000000 0 0 0  
    3D APPLICATIONS SOFTWARE 2011-06-28 3,075 3,075 SL 3.000000000000 0 0 0  
    LAPTOP COMPUTER 2012-02-10 1,087 633 SL 5.000000000000 0 0 217  
    LARGE SCREEN MONITOR 2012-09-13 1,319 616 SL 5.000000000000 0 0 264  
    REFRIGERATED CENTRIFUGE 2012-04-20 9,333 3,555 SL 7.000000000000 0 0 1,333  
    CT SCANNER 2012-09-14 316,584 105,527 SL 7.000000000000 0 0 45,226  
    COMPUTER FOR CT SCANNER 2012-09-25 8,603 3,872 SL 5.000000000000 0 0 1,721  
    INSTRON HOSES 2012-10-18 427 132 SL 7.000000000000 0 0 61  
    MICRO CT TABLE 2012-10-22 745 230 SL 7.000000000000 0 0 106  
    CONFERENCE TABLE 2012-05-17 1,639 605 SL 7.000000000000 0 0 234  
    DEDICATED CIRCUITS 2012-11-20 2,052 110 SL 39.000000000000 0 0 53  
    MLC CAD SYSTEMS 2012-01-05 1,995 1,995 SL 3.000000000000 0 0 0  
    MICROSOFT OFFICE SUITE 2012-02-13 207 201 SL 3.000000000000 0 0 6  
    CARBONITE 2012-05-31 809 697 SL 3.000000000000 0 0 112  
    3D APPLICATION 2012-08-15 3,183 2,564 SL 3.000000000000 0 0 619  
    NETWORK DRIVE 2013-09-11 1,466 391 SL 5.000000000000 293 0 293  
    VIDEO MONITOR, CONNECTORS TO CAMERA 2013-09-26 2,826 706 SL 5.000000000000 565 0 565  
    SCALE 2013-01-02 2,240 640 SL 7.000000000000 320 0 320  
    SCANNING ELECTRON MICROSCOPE 2013-08-16 148,638 28,312 SL 7.000000000000 21,234 0 21,234  
    LIGHTHEAD WITH CAMERA PROJECTION 2013-08-29 17,814 3,596 SL 7.000000000000 2,545 0 2,545  
    DEDICATED CIRCUITS 2013-09-26 3,529 113 SL 39.000000000000 90 0 90  
    PAINTING 2013-08-15 730 27 SL 39.000000000000 19 0 19  
    CARBONITE 2013-05-29 977 516 SL 3.000000000000 326 0 326  
    3D APPLICATION 2013-08-16 3,230 1,436 SL 3.000000000000 1,077 0 1,077  
    JMAG ELECTROMECHANICAL DESIGN 2013-11-05 8,568 3,332 SL 3.000000000000 2,856 0 2,856  
    DESIGN SOFTWARE 2013-11-05 815 317 SL 3.000000000000 272 0 272  
    SCANNING ELECTRON MICROSCOPE ADDITIONS 2014-01-16 1,717 225 SL 7.000000000000 245 0 245  
    WIRELESS MICROPHONE AUDIO SOUND SYSTEM 2014-01-30 3,650 478 SL 7.000000000000 521 0 521  
    EQUIPMENT HOSES 2014-05-13 1,885 180 SL 7.000000000000 269 0 269  
    FILE CABINETS 2014-06-12 2,049 171 SL 7.000000000000 293 0 293  
    CARBONITE 2014-06-29 1,026 171 SL 3.000000000000 342 0 342  
    MLC CAD SYSTEMS 2014-06-26 5,795 966 SL 3.000000000000 1,932 0 1,932  
    3D APPLICATION 2014-07-17 3,279 455 SL 3.000000000000 1,093 0 1,093  
    JMAG ELECTROMECHANICAL DESIGN 2014-11-12 8,064 448 SL 3.000000000000 2,688 0 2,688  
    DELL COMPUTER 2015-08-16 1,108   SL 5.000000000000 74 0 74  
    DELL COMPUTER 2015-08-26 1,706   SL 5.000000000000 114 0 114  
    CARBONITE 2015-06-29 1,026   SL 3.000000000000 171 0 171  
    DASSAULT SYSTEMS 3D APPLICATIONS 2015-10-27 3,405   SL 3.000000000000 189 0 189  
    POWERSYS JMAG SOFTWARE 2015-12-29 8,820   SL 3.000000000000 0 0 0  

    TY 2015 LandEtcSchedule2
    Name:
    THE FELLOWSHIP OF ORTHOPAEDIC
     
    RESEARCHERS
    EIN:
    64-0920136
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    WIRELESS MOUSE 103 103 0  
    COMPUTER EQUIPMENT 2,618 2,618 0  
    ENGATECH PRINTER 41,400 41,400 0  
    COMPUTER & MEMORY 6,613 6,613 0  
    COMPUTER FOR INSTRON 737 552 185  
    3D PRINTER 4,021 2,881 1,140  
    DESK FILE CABINETS 2,133 2,133 0  
    DESK CHAIR 326 326 0  
    FURNITURE 912 912 0  
    CHAIRS 87 87 0  
    OFFICE CHAIRS & TABLES 145 145 0  
    FILING CABINET 1,574 1,574 0  
    BOOKCASES 522 522 0  
    OFFICE FURNITURE 5,337 5,337 0  
    PHONE SYSTEM 3,840 3,840 0  
    OFFICE FURNITURE 600 600 0  
    OFFICE FURNITURE 637 637 0  
    3D PRINTER STAND 482 345 137  
    DESKS 1,260 900 360  
    BOOK CASES 1,088 685 403  
    BOOK CASES 1,213 620 593  
    LAB RENOVATIONS 57,703 6,659 51,044  
    MOTION TRACKING SYSTEM - PMT 1 16,479 16,479 0  
    MOTION TRACKING SYSTEM - PMT 2 16,479 16,479 0  
    MOTION TRACKING SYSTEM SOFTWARE 2,100 2,100 0  
    MOTION TRACKING SYSTEM ADDITION 8,690 8,690 0  
    SURGICAL INSTRUMENTS 733 733 0  
    SURGICAL INSTRUMENTS 388 388 0  
    LASER PARTICAL COUNTER 11,000 11,000 0  
    PURE AIR FUME HOOD 2,252 2,252 0  
    CENTRIFUGE 219 219 0  
    TRANSFORMER 1,414 1,414 0  
    INSTRON SYSTEM 88,082 88,082 0  
    MONITOR 289 289 0  
    DEEP FREEZE 490 490 0  
    STAINLESS STEELE TABLE 202 202 0  
    CHEMICAL FILTERS 914 914 0  
    CABINETS 1,933 1,933 0  
    SURGICAL LIGHTS 255 255 0  
    FUME HOOD 4,431 4,431 0  
    CABINET 550 550 0  
    LAB FLOORING 2,188 2,188 0  
    REFRIGERATOR 609 609 0  
    FILTRATION EQUIPMENT 1,067 1,067 0  
    SENSORS 1,985 1,985 0  
    CAPTAIR FUME HOOD 1,318 1,318 0  
    LINEAR ABRASER TABER 6,150 6,150 0  
    WORKTABLE 283 272 11  
    X-RAY MACHINE 107,264 95,770 11,494  
    WATER FILTRATION LAB EQ 4,915 3,335 1,580  
    COMPRESSION LOAD CELL 583 351 232  
    LAB WASHER & ACCESSORIES 9,640 6,426 3,214  
    ACID STORAGE CABINET 1,008 612 396  
    INSTRUMENT CASES 21,001 10,000 11,001  
    SENSOR SYSTEM 6,150 3,793 2,357  
    MLC CAD SYSTEMS SOFTWARE 6,005 6,005 0  
    ABAQUS RESEARCH SOFTWARE 3,025 3,025 0  
    3D APPLICATION SOFTWARE 12,075 12,075 0  
    ACROBAT SOFTWARE 299 299 0  
    ACROBAT SOFTWARE 598 598 0  
    3D APPLICATIONS SOFTWARE 3,075 3,075 0  
    LAPTOP COMPUTER 1,087 633 454  
    LARGE SCREEN MONITOR 1,319 616 703  
    REFRIGERATED CENTRIFUGE 9,333 3,555 5,778  
    CT SCANNER 316,584 105,527 211,057  
    COMPUTER FOR CT SCANNER 8,603 3,872 4,731  
    INSTRON HOSES 427 132 295  
    MICRO CT TABLE 745 230 515  
    CONFERENCE TABLE 1,639 605 1,034  
    DEDICATED CIRCUITS 2,052 110 1,942  
    MLC CAD SYSTEMS 1,995 1,995 0  
    MICROSOFT OFFICE SUITE 207 201 6  
    CARBONITE 809 697 112  
    3D APPLICATION 3,183 2,564 619  
    NETWORK DRIVE 1,466 684 782  
    VIDEO MONITOR, CONNECTORS TO CAMERA 2,826 1,271 1,555  
    SCALE 2,240 960 1,280  
    SCANNING ELECTRON MICROSCOPE 148,638 49,546 99,092  
    LIGHTHEAD WITH CAMERA PROJECTION 17,814 6,141 11,673  
    DEDICATED CIRCUITS 3,529 203 3,326  
    PAINTING 730 46 684  
    CARBONITE 977 842 135  
    3D APPLICATION 3,230 2,513 717  
    JMAG ELECTROMECHANICAL DESIGN 8,568 6,188 2,380  
    DESIGN SOFTWARE 815 589 226  
    SCANNING ELECTRON MICROSCOPE ADDITIONS 1,717 470 1,247  
    WIRELESS MICROPHONE AUDIO SOUND SYSTEM 3,650 999 2,651  
    EQUIPMENT HOSES 1,885 449 1,436  
    FILE CABINETS 2,049 464 1,585  
    CARBONITE 1,026 513 513  
    MLC CAD SYSTEMS 5,795 2,898 2,897  
    3D APPLICATION 3,279 1,548 1,731  
    JMAG ELECTROMECHANICAL DESIGN 8,064 3,136 4,928  
    DELL COMPUTER 1,108 74 1,034  
    DELL COMPUTER 1,706 114 1,592  
    CARBONITE 1,026 171 855  
    DASSAULT SYSTEMS 3D APPLICATIONS 3,405 189 3,216  
    POWERSYS JMAG SOFTWARE 8,820 0 8,820  


    TY 2015 LegalFeesSchedule
    Name:
    THE FELLOWSHIP OF ORTHOPAEDIC
     
    RESEARCHERS
    EIN:
    64-0920136
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 132,489 0 22 132,467


    TY 2015 OtherExpensesSchedule
    Name:
    THE FELLOWSHIP OF ORTHOPAEDIC
     
    RESEARCHERS
    EIN:
    64-0920136
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANIMAL RESOURCES 99,482 0 0 99,482
    BOOKS & REFERENCE MATERIALS 210 0 42 168
    EQUIPMENT EXPENSE 3,401 0 210 3,191
    INSURANCE - GENERAL LIABILITY 894 0 45 849
    INSURANCE - WORKERS COMP 998 0 50 948
    LAB SUPPLIES 3,247 0 566 2,681
    MAINTENANCE EXPENSE 33,151 0 1,342 31,809
    MEALS 10,911 0 2,366 3,090
    MEMBERSHIPS 7,766 0 4,125 3,641
    MISCELLANEOUS EXPENSE 4,654 0 0 4,654
    OFFICE EXPENSE 1,683 0 370 1,313
    OFFICE SUPPLIES 2,322 0 336 1,986
    POSTAGE 313 0 19 294
    PROTOTYPE DEVELOPMENT 42,164 0 0 42,164
    SHIPPING EXPENSE 1,934 0 1,151 783
    STUDY EQUIPMENT 8,548 0 942 7,606
    STUDY EXPENSES 93,394 0 18,339 75,055
    STUDY SUPPLIES 10,893 0 9,914 979
    TELEPHONE & INTERNET 8,236 0 412 7,824
    WEBSITE 111 0 19 92
    MARKETING 1,051 0 0 1,051


    TY 2015 OtherIncomeSchedule2
    Name:
    THE FELLOWSHIP OF ORTHOPAEDIC
     
    RESEARCHERS
    EIN:
    64-0920136
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    STUDY SUPPORT 86,660   86,660
    OTHER INCOME 80   80


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE FELLOWSHIP OF ORTHOPAEDIC
     
    RESEARCHERS
    EIN:
    64-0920136
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 98,760 0 0 98,760
    INDEPENDENT CONTRACTOR 4,422 0 772 3,650
    PAYROLL FEES 2,000 0 100 1,900
    COMPUTER SOFTWARE SUPPORT 2,800 0 0 2,800


    TY 2015 TaxesSchedule
    Name:
    THE FELLOWSHIP OF ORTHOPAEDIC
     
    RESEARCHERS
    EIN:
    64-0920136
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAX EXPENSE 47,286 473 2,364 44,449
    TAXES & LICENSES 397 0 30 367