Focused Ultrasound Foundation

Organization Overview

Focused Ultrasound Foundation is located in Charlottesville, VA. The organization was established in 2007. According to its NTEE Classification (G9B) the organization is classified as: Surgical Specialties, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Focused Ultrasound Foundation employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Focused Ultrasound 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 12/2021, Focused Ultrasound Foundation generated $8.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Focused Ultrasound Foundation has awarded 36 individual grants totaling $3,261,912. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZE, CONDUCT, AND FUND RESEARCH, FOSTER COLLABORATION THROUGH MEETINGS, SYMPOSIA AND WORKSHOPS, CULTIVATE THE NEXT GENERATION THROUGH FELLOWSHIPS AND INTERNSHIPS, AND COLLECT AND DISSEMINATE KNOWLEDGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACCELERATION OF THE WORLDWIDE ADOPTION OF FOCUSED ULTRASOUND TECHNOLOGY THROUGH RESEARCH, COLLABORATION, COLLECTION AND DISSEMINATION OF KNOWLEDGE


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,347,621
All other contributions, gifts, grants, and similar amounts not included above$6,934,953
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,282,574
Total Program Service Revenue$0
Investment income $559,053
Tax Exempt Bond Proceeds $0
Royalties $30,150
Net Rental Income $0
Net Gain/Loss on Asset Sales $11
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,886,317

Grants Awarded

Over the last fiscal year, Focused Ultrasound Foundation has awarded $937,363 in support to 15 organizations.

Grant RecipientAmount

UNIVERSITY OF MICHIGAN

Org PageRecipient Profile

Ann Arbor, MI

PURPOSE: RESEARCH

$173,298

VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY

PURPOSE: RESEARCH

$150,000

STANFORD UNIVERSITY

Org PageRecipient Profile

Redwood City, CA

PURPOSE: RESEARCH

$127,006

NAVITAS CLINICAL RESEARCH INC

PURPOSE: RESEARCH

$112,282

CHILDREN'S RESEARCH

Org PageRecipient Profile

Washington, DC

PURPOSE: RESEARCH

$96,000

COLUMBIA UNIVERSITY

Org PageRecipient Profile

New York, NY

PURPOSE: RESEARCH

$73,757
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Focused Ultrasound Foundation has recieved totaling $2,000.

Awarding OrganizationAmount
Mountain Laurel Foundation

Wilmington, DE

PURPOSE: GENERAL PURPOSES

$2,000
View Grant Recipient Profile

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