International Society Of Magnetic Resonance In Medicine
- Assets
- $14.3m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Concord, CA
- Founding
- 08/1993
- Data as of
- 09/2021
- EIN
- 23-2722507
Organization Overview
International Society Of Magnetic Resonance In Medicine is located in Concord, CA. The organization was established in 1993. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 09/2021, International Society Of Magnetic Resonance In Medicine employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Society Of Magnetic Resonance In Medicine 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 09/2021, International Society Of Magnetic Resonance In Medicine generated $5.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $3.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMUNICATION, RESEARCH, DEVELOPMENT, AND APPLICATIONS IN THE FIELD OF MAGNETIC RESONANCE IN MEDICINE AND BIOLOGY AND OTHER RELATED TOPICS AND TO DEVELOP AND PROVIDE CHANNELS AND FACILITIES FOR CONTINUING EDUCATION IN THE FIELD.
Describe the Organization's Program Activity:
ANNUAL MEETING - THE ISMRM ANNUAL MEETING WAS HELD VIRTUALLY 15-20 MAY 2021 DUE TO THE PANDEMIC. THE MEETING PROVIDED EDUCATIONAL COURSES FOR STUDENTS AND PROFESSIONAL DELEGATES, AS WELL AS AN OPPORTUNITY FOR THE MR COMMUNITY TO SHARE THEIR RESEARCH THROUGH ORAL PRESENTATIONS AND SCIENTIFIC POSTER SESSIONS. THE MEETING WAS ATTENDED BY 5,600 PROFESSIONAL DELEGATES, INCLUDING 281 EXHIBITION PERSONNEL.
MEMBERSHIP SERVICES- AS OF SEPTEMBER 30, 2021, THE SOCIETY HAD 6,434 ISMRM MEMBERS PLUS 1,872 SMRT MEMBERS WORLDWIDE FOR A TOTAL OF 8,036 WHO RECEIVED MEMBERSHIP BENEFITS, INCLUDING VARIOUS NEWSLETTERS AND JOURNALS.
WORKSHOPS AND REGIONALS - THREE FACE-TO-FACE ISMRM WORKSHOP AND SEVEN SMRT VIRTUAL MEETINGS WERE HELD DURING THE YEAR ENDED SEPTEMBER 30, 2021, COVERING A VARIETY OF SUBJECTS RELATED TO MAGNETIC RESONANCE. THESE WORKSHOPS WERE ATTENDED BY HUNDREDS OF PROFESSIONALS IN THE FIELD INTERNATIONALLY.
STRATEGIC AND OTHER PROGRAMS - THE SOCIETY PROVIDED RESEARCH & EDUCATION FUND DURING THE FISCAL YEAR ENDING IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Kravitz Executive Director | Officer | 60 | $263,864 |
Mariam Brazin Finance Director | 40 | $115,737 | |
Anne Marie Kahrovic Director Of Meeting | Officer | 40 | $104,766 |
Sally Moran Director Of Electronic Com | 40 | $102,001 | |
Lawrence L Wald PHD Past President | OfficerTrustee | 1 | $0 |
Fernando Calamante PHD Vice President - Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 | $676,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,074 |
| Total Program Service Revenue | $3,587,403 |
| Investment income | $128,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $497,080 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $266,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,325,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $316,137 |
| Compensation of current officers, directors, key employees. | $227,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,048,183 |
| Pension plan accruals and contributions | $93,612 |
| Other employee benefits | $232,838 |
| Payroll taxes | $99,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,337 |
| Fees for services: Other | $235,761 |
| Advertising and promotion | $4,766 |
| Office expenses | $62,230 |
| Information technology | $283,850 |
| Royalties | $0 |
| Occupancy | $135,042 |
| Travel | $15,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,351 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,945 |
| Insurance | $11,968 |
| All other expenses | $117,543 |
| Total functional expenses | $3,596,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,764,826 |
| Savings and temporary cash investments | $34,902 |
| Pledges and grants receivable | $17,053 |
| Accounts receivable, net | $43,336 |
| 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 | $1,105,762 |
| Net Land, buildings, and equipment | $34,292 |
| Investments—publicly traded securities | $7,289,886 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,317 |
| Total assets | $14,303,374 |
| Accounts payable and accrued expenses | $150,483 |
| Grants payable | $0 |
| Deferred revenue | $636,720 |
| 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 | $787,203 |
| Net assets without donor restrictions | $12,966,933 |
| Net assets with donor restrictions | $549,238 |
| 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 | $14,303,374 |
Grants Awarded
Over the last fiscal year, International Society Of Magnetic Resonance In Medicine has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RSSASASPI CONGRESS PURPOSE: EDUCATIONAL PURPOSES. | $15,000 |
San Antonio, TX PURPOSE: RESEARCH FOR MRI | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that International Society Of Magnetic Resonance In Medicine has recieved totaling $25,005.
| Awarding Organization | Amount |
|---|---|
Martin R Prince Charitable Foundation New York, NY PURPOSE: UNRESTRICTED FOR PURPOSES OF ORGANIZATION | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $835,788 |
| Earnings | $61,528 |
| Net Contributions | $193,132 |
| Other Expense | -$61,528 |
| Ending Balance | $1,028,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Primary Care Association Sacramento, CA | $11,309,164 | $14,655,608 |
Homeless Prenatal Program Inc San Francisco, CA | $24,624,994 | $19,931,597 |
Ufw Foundation Los Angeles, CA | $8,010,755 | $14,069,050 |
Native Health Phoenix, AZ | $14,068,043 | $20,218,525 |
Access To Healthcare Network Inc Reno, NV | $8,319,862 | $17,490,060 |
Working Partnerships Usa San Jose, CA | $7,685,088 | $14,971,452 |
Memorial Medical Center Foundation Long Beach, CA | $273,488,586 | $15,793,957 |
Easterseals Northern California Walnut Creek, CA | $3,933,873 | $11,091,029 |
Shanti Project Inc San Francisco, CA | $6,364,268 | $9,428,062 |
Southwest Center For Hiv Aids Inc Phoenix, AZ | $6,283,391 | $8,911,726 |
Wise & Healthy Aging Santa Monica, CA | $17,748,628 | $9,360,563 |
St Rose Dominican Health Foundation Henderson, NV | $36,096,115 | $10,733,038 |