Minneapolis Radiology Vascular Research Foundation
- Assets
- $496.8k
- Revenue
- $409.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 05/2006
- Data as of
- 04/2022
- EIN
- 20-3502241
Organization Overview
Minneapolis Radiology Vascular Research Foundation is located in Plymouth, MN. The organization was established in 2006. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, 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. Minneapolis Radiology Vascular Research Foundation 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 04/2022, Minneapolis Radiology Vascular Research Foundation generated $409.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $387.4k during the year ending 04/2022. While expenses have increased by 7.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT & RESEARCH DIAGNOSTIC APPROACHES TREATING VASCULAR DISEASE & ADVANCE DIAGNOSTIC IMAGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL EDUCATION - CONDUCTED 14TH VASCULAR AND ENDOVASCULAR SURGERY CONFERENCE IN 2022. UNLIKE OTHER VASCULAR MEETINGS AND COURSES, OUR CONFERENCE: 1) ADDRESSED THE RAPID GROWTH AND TECHNOLOGICAL INNOVATION FROM THE PERSPECTIVE OF THE PRACTICING VASCULAR SPECIALIST, 2) PROVIDED UP-TO-DATE AND EFFICIENT REVIEWS OF VASCULAR PRACTICE CORE AREAS, 3) PITFALLS ASSOCIATED WITH NEWER PROCEDURES, AND 4) ADDRESSED CRITICAL PRACTICE MANAGEMENT CHANGES AND OPPORTUNITIES ASSOCIATED WITH NEW TECHNOLOGIES. ATTENDEES ACTIVELY PARTICIPATED IN DISCUSSION, HANDS-ON SIMULATOR WORKSHOPS, AND OFFER ONE ANOTHER INSIGHT AND INFORMATION SURROUNDING THE COVERED TOPICS.
MEDICAL RESEARCH STUDIES - PARTICIPATE IN NUMEROUS CLINICAL STUDIES TO ADVANCE INTERVENTIONAL AND SURGICAL PROCEDURES FOR THE TREATMENT OF VASCULAR DISEASE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stone Joan CFO | Officer | 10 | $1,000 |
Schultz Scott MD President | OfficerTrustee | 3 | $0 |
Mcmillan William MD Vice President - Secretary | OfficerTrustee | 2 | $0 |
Wicklund David MD Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,500 |
| 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 | $106,500 |
| Total Program Service Revenue | $302,701 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $409,201 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,025 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,308 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,434 |
| Fees for services: Accounting | $5,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,180 |
| Advertising and promotion | $35,404 |
| Office expenses | $1,087 |
| Information technology | $5,079 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $134,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,029 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,173 |
| All other expenses | $0 |
| Total functional expenses | $387,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $496,847 |
| Accounts payable and accrued expenses | $35,394 |
| 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 | $35,394 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $461,453 |
| 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 | $496,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hennepin Healthcare Research Institute Minneapolis, MN | $65,628,312 | $47,615,744 |
Essentia Institute Of Rural Health Duluth, MN | $6,914,650 | $9,904,383 |
Wicell Research Institute Inc Madison, WI | $4,969,313 | $7,939,160 |
Midwest Cardiovascular Research Foundation Davenport, IA | $1,353,506 | $988,025 |
International Society For The Study Of Womens Sexual Health Burnsville, MN | $1,854,517 | $657,971 |
Minneapolis Radiology Vascular Research Foundation Plymouth, MN | $496,847 | $409,201 |
Society For Musocal Immunology Inc Menomonee Falls, WI | $2,132,761 | $532,953 |
North American Specialized Coagulation Laboratories Assoc Rochester, MN | $749,961 | $470,660 |
Asi-Austin Inc St Paul, MN | $759,753 | $287,971 |
Western Conference Of Prepaid Medical Service Plans Fargo, ND | $648,012 | $9,624 |
American Neuromuscular Foundation Rochester, MN | $7,629,142 | $2,104,689 |
American Osteopathic Academy Of Sports Medicine Inc Madison, WI | $76,566 | $0 |