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The Hip Society

SCHAUMBURG, IL EIN: 23-7348162 Website

TO ADVANCE KNOWLEDGE OF HIP DISORDERS, PROMOTE EVIDENCE-BASED TREATMENT, AND REFINE SUREGERY OF THE HIP IN ORDER TO IMPROVE THE LIVES OF PATIENTS.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.6M

+12.0% YoY

Annual Giving

$10K

-20.0% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$5K

-60.0% YoY

About The Hip Society

Based on IRS filings

The Hip Society is a nonprofit organization, based in SCHAUMBURG, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.6M in total assets. In 2024, it awarded 2 grants totaling $10K. Net investment income was $208K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

BaltimoreMinneapolisPhiladelphiaPhoenix

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$340K$680K$1M$1M20202021202220232024
Metric202420232022
Total Assets$7,561,858$6,751,603$6,247,099
Revenue$1,090,270$962,066$1,236,691
Expenses$852,982$877,442$985,523
Qualifying Distributions
Net Investment Income$208,376$155,554$104,909
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$19K$29K$38K0 grants20200 grants20211 grants20221 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

SINAI HOSPITAL OF BALTIM…$5KTHE CENTER FOR ORTHOPEDI…$5K

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Sinai Hospital of Baltimore ($5,000), The Center for Orthopedic and Research Excellence Inc ($5,000).

RecipientPurposeAmount
SINAI HOSPITAL OF BALTIMORE BALTIMORE, MDRESEARCH$5,000
THE CENTER FOR ORTHOPEDIC AND RESEARCH EXCELLENCE INC PHOENIX, AZRESEARCH$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

OLGA FOLEYEXECUTIVE DIRECTOR$156KJOLANTA TRICROCEEDUCATION AND MEETINGS MANAGER$102K

From 2024 filing

NameTitleHoursCompensation
WILLIAM MACAULAY MDTREASURER1
WILLIAM A JIRANEK MDIMMEDIATE PAST PRESIDENT1
DON S GARBUZ MDPRESIDENT1
BRYAN D SPRINGER MD3RD VICE PRESIDENT1
STEVEN J MACDONALD MD1ST VICE PRESIDENT1
MICHAEL P BOLOGNESI MDSECRETARY1
MATHIAS PG BOSTROM MD2ND VICE PRESIDENT1
PAUL E BEAULE MDCOMMITTEE CHAIR1
MATTHEW P ABDEL MDCOMMITTEE CHAIR1
WILLIAM M MIHALKO MDCOMMITTEE CHAIR1
KEITH R BEREND MDMEMBER1
RAFAEL J SIERRA MDCOMMITTEE CHAIR1
OLGA FOLEYEXECUTIVE DIRECTOR40$156,120
JOLANTA TRICROCEEDUCATION AND MEETINGS MANAGER40$102,045

Frequently Asked Questions

How large is The Hip Society?

As of 2024, The Hip Society holds $7.6M in total assets with $1.1M in annual revenue. It awarded 2 grants totaling $10K in 2024.

Where does The Hip Society operate?

The Hip Society has awarded grants in Arizona, Maryland, Minnesota, Pennsylvania.

What size grants does The Hip Society award?

In 2024, The Hip Society awarded 2 grants totaling $10K — an average of about $5K per grant, based on its IRS Form 990 filings.

What is The Hip Society's EIN?

The Hip Society's EIN (Employer Identification Number) is 23-7348162. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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