World Federation For Ultrasound In Medicine And Biology Inc is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Federation For Ultrasound In Medicine And Biology Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, World Federation For Ultrasound In Medicine And Biology Inc generated $746.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $586.5k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING SUSTAINABLE ULTRASOUND PROGRAMS TO UNDERSERVED AREAS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ULTRASOUND IN MEDICINE AND BIOLOGY JOURNAL: THE WFUMB PUBLISHES ORIGINAL PEER-REVIEWED MANUSCRIPTS ON SIGNIFICANT NOVEL ADVANCES IN CLINICAL DIAGNOSTIC, INTERVENTIONAL, AND THERAPEUTIC APPLICATIONS, AS WELL AS NEW AND IMPROVED CLINICAL TECHNIQUES. THE JOURNAL ALSO COVERS THE PHYSICS, ENGINEERING, AND TECHNOLOGY OF ULTRASOUND IN MEDICINE AND BIOLOGY, ALONG WITH THE INTERACTIONS BETWEEN ULTRASOUND AND BIOLOGICAL SYSTEMS, INCLUDING BIOEFFECTS. EXTENDED CRITICAL REVIEWS OF SUBJECTS OF CONTEMPORARY INTEREST IN THE FIELD ARE ALSO PUBLISHED, IN ADDITION TO OCCASIONAL EDITORIAL ARTICLES, CLINICAL AND TECHNICAL NOTES, BOOK REVIEWS, LETTERS TO THE EDITOR, AND A CALENDAR OF FORTHCOMING MEETINGS. IT IS THE AIM OF THE JOURNAL TO MEET THE INFORMATION AND PUBLICATION REQUIREMENTS OF THE CLINICIANS, SCIENTISTS, ENGINEERS, AND OTHER PROFESSIONALS WHO CONSTITUTE THE BIOMEDICAL ULTRASONIC COMMUNITY.WFUMB ULTRASOUND OPEN IS THE OFFICIAL INTERNATIONAL PEER-REVIEWED OPEN ACCESS JOURNAL OF THE WORLD FEDERATION FOR ULTRASOUND IN MEDICINE AND BIOLOGY (WFUMB). AS THE "SISTER JOURNAL" OF ULTRASOUND IN MEDICINE & BIOLOGY, IT SHALL FOCUS PARTICULARLY ON THE CLINICAL APPLICATIONS OF ULTRASOUND. IN ADDITION, IT AIMS TO PUBLISH AND DISSEMINATE NOVEL RESEARCH IN BASIC AND APPLIED SCIENCE. IT WILL ALSO WELCOME PAPERS ON ADVANCES IN DIAGNOSTIC AND THERAPEUTIC APPLICATIONS OF ULTRASOUND, GUIDELINES, PICTORIAL REVIEWS, CLINICAL CASES, LETTERS AND OPINION PIECES.TO COMPLEMENT WFUMB'S MULTIDISCIPLINARY ORGANISATION THE JOURNAL INVITES TOPICS ON ALL ORGANS OF MEDICAL IMAGING SUCH AS GASTROINTESTINAL, GENITOURINARY, OBSTETRICS AND GYNAECOLOGY, MUSCULOSKELETAL, CARDIOVASCULAR, HEAD AND NECK, NERVOUS SYSTEM AND BREAST. THE JOURNAL AIMS TO ADVANCE OUR UNDERSTANDING OF THE APPLICATIONS OF ULTRASOUND IN MEDICINE AND SCIENCE. THE JOURNAL IS NOT RESTRICTED WITH INCLUSION OF IMAGES AND VIDEOS IN THE PROPOSED FORMAT.
WORLD CONGRESS AND SOCIETIES ACTIVITIES
COMMITTEES AND LIAISON ACTIVITIES: WFUMB HAS SEVERAL COMMITTEES, INCLUDING SAFETY AND EDUCATION. THE SAFETY COMMITTEE IS RESPONSIBLE FOR PREPARING SAFETY GUIDELINES CONCERNING THE PROPER USE OF ULTRASOUND EQUIPMENT. THESE GUIDELINES ARE UTILIZED BY PRACTITIONERS AND EDUCATORS TO ENSURE SAFE PRACTICES IN THE FIELD. THE EDUCATION COMMITTEE FOCUSES ON DEVELOPING CURRICULUMS FOR MEDICAL EDUCATION AND TRAINING, WITH A PARTICULAR EMPHASIS ON ADDRESSING THE NEEDS OF DEVELOPING COUNTRIES.
EDUCATION PROGRAMS: WFUMB HAS ACCREDITED SEVERAL INTERNATIONAL CENTERS OF EDUCATION. THROUGH THE EFFORTS OF LOCAL ULTRASOUND SOCIETIES, THESE CENTERS OFFER ACCREDITED MEDICAL ULTRASOUND EDUCATION PROGRAMS IN DEVELOPING COUNTRIES, THEREBY INCREASING THE LOCAL SOCIETY'S EXPERTISE IN EDUCATION. AS PART OF THE PROGRAM, WFUMB PROVIDES QUALIFIED VISITING PROFESSORS TO ENHANCE THESE EDUCATIONAL EXPERIENCES. CENTERS ARE LOCATED IN DHAKA, BANGLADESH; KAMPALA, UGANDA; MIRANDA, VENEZUELA; TIMISOARA, ROMANIA; JAKARTA, INDONESIA; ULAANBAATAR, MONGOLIA; LOME, TOGO; ADDIS ABABA, ETHIOPIA; LUSAKA, ZAMBIA; LIMA, PERU; HUE CITY, VIETNAM; MANILA, PHILIPPINES; SUVA, FIJI; TIRANA, ALBANIA; CHISINAU, REPUBLIC OF MOLDOVA; KHARTOUM, SUDAN; NAIROBI, KENYA; OVIEDO, PARAGUAY AND BEIJING, CHINA. IN GENERAL, EACH CENTER IS RESPONSIBLE FOR HOLDING AT LEAST ONE COURSE PER YEAR. WFUMB'S EDUCATION PROJECT PROVIDES FUNDING FOR RENOWNED ULTRASOUND LECTURERS TO SPEAK AT COURSES IN DEVELOPING AND EMERGING REGIONS OF THE WORLD IN COOPERATION WITH A LOCAL ULTRASOUND SOCIETY WITHIN THAT PARTICULAR REGION. WFUMB'S SCHOLARSHIP PROGRAM SUBSIDIZES TRAVEL EXPENSES FOR INDIVIDUALS FROM DEVELOPING COUNTRIES. WFUMB PROVIDES UP TO $2,000 USD FOR CENTRE OF EDUCATION DIRECTORS TO ATTEND THE BIENNIAL CONGRESS TO MEET AND PARTICIPATE IN THE EDUCATIONAL SESSIONS, AS WELL AS TO VISIT AND TRAIN AT ESTABLISHED ULTRASOUND EDUCATION CENTERS. WFUMB ALSO PROVIDES SPEAKERS TO OTHER INTERNATIONAL EDUCATION COURSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sudhir Vinayak MD President | OfficerTrustee | 2 | $0 |
George Condous President Elect | OfficerTrustee | 1 | $0 |
Cristina Chammas MD Past President | OfficerTrustee | 1 | $0 |
Iwaki Akiyama Secretary | OfficerTrustee | 1 | $0 |
Christoph Dietrich Treasurer | OfficerTrustee | 2 | $0 |
Ioan Sporea Vice President 1 | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $620,555 |
Investment income | $128,618 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$3,126 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $746,047 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $9,415 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $19,020 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $25,925 |
Fees for services: Other | $248,124 |
Advertising and promotion | $0 |
Office expenses | $7,565 |
Information technology | $36,239 |
Royalties | $0 |
Occupancy | $0 |
Travel | $221,382 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $17,125 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,695 |
All other expenses | $0 |
Total functional expenses | $586,490 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $249,294 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $91,680 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $5,306 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $2,033,178 |
Investments—other securities | $1,789,994 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,169,452 |
Accounts payable and accrued expenses | $1,797 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,797 |
Net assets without donor restrictions | $4,117,655 |
Net assets with donor restrictions | $50,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,169,452 |