SIGN Fracture Care International meets the 20 Standards for Charity Accountability.
SIGN Fracture Care International (SIGN) reports that it partners with low-resource teaching hospitals and surgeons in developing countries to build sustainable orthopedic capacity by donating education, instruments, and implants. The organization states that the majority of instruments and implants supplied by SIGN are designed by its engineers and specifically developed for use in hospitals where reliable power and high-powered x-ray machines are not available. SIGN also maintains a surgical database of long bone fractures, provides educational resources for surgeons on its website, holds regional trauma conferences, and hosts an annual International Orthopedic conference. In 2020, the organization reports that its programs served 29,551 patients. In addition, SIGN states that it partnered with 5,000 surgeons in nearly 300 hospitals across 50 developing countries.
For the year ended December 31, 2020, SIGN Fracture Care International's program expenses were:
Cost of products |
$5,373,690 |
Education |
$1,479,405 |
Total Program Expenses: |
$6,853,095 |
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Note 1: As noted in the above financial section, "other changes in net assets" refers to a loss on obsolete inventory (-$343) and a loss on disposal of equipment (-$1,303).
Note 2: According to SIGN's 2020 audited financial statements, the organization received $2,651,380 in contributed goods and services including medical supplies and equipment ($1,334,738), professtional services ($1,092,820), engineering and production supplies ($73,782), stock ($66,875), engineering equipment ($66,000), educational travel costs ($11,765), and facility rent ($5,400).
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on SIGN Fracture Care International's audited financial statements for the year ended December 31, 2020.
Source of Funds |
Contributions |
$3,044,474 |
In-kind contributions |
$2,651,380 |
Implant revenue |
$866,158 |
Realized and unrealized gain on investments, net |
$851,108 |
Paycheck Protection Program grant |
$641,500 |
Rental income |
$70,730 |
Dividend income |
$47,255 |
Interest income |
$33,955 |
Other revenue |
$20,418 |
Total Income |
$8,226,978 |
- Programs: 88%
- Fundraising: 6%
- Administrative: 6%
Total Income |
$8,226,978 |
Program expenses |
$6,853,095 |
Fundraising expenses |
$493,399 |
Administrative expenses |
$481,814 |
Other expenses |
$0 |
Total expenses: |
$7,828,308 |
Income in Excess of Expenses |
$398,670 |
Beginning Net Assets |
$11,624,574 |
Other Changes In Net Assets |
$-1,646 |
Ending Net Assets |
$12,021,598 |
Total Liabilities |
$408,406 |
Total Assets |
$12,430,004 |