American Institute Of Ultrasound In Medicine
- Assets
- $17.4m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 34
- Location
- Laurel, MD
- Founding
- 12/1971
- Data as of
- 12/2021
- EIN
- 23-7148063
Organization Overview
American Institute Of Ultrasound In Medicine is located in Laurel, MD. The organization was established in 1971. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2022, American Institute Of Ultrasound In Medicine employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Institute Of Ultrasound 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 12/2021, American Institute Of Ultrasound In Medicine generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER AND CULTIVATE A GLOBAL MULTIDISCIPLINARY COMMUNITY ENGAGED IN THE USE OF MEDICAL ULTRASOUND THROUGH RAISING AWARENESS, EDUCATION, SHARING INFORMATION, AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING AND EDUCATIONAL COURSES - EDUCATIONAL SYMPOSIA AND EXHIBITS, PRESENTATION OF SCIENTIFIC PAPERS.
ACCREDITATION - VOLUNTARY PEER REVIEW PROCESS THAT ALLOWS PRACTICES TO DEMONSTRATE THAT THEY MEET OR EXCEED NATIONALLY RECOGNIZED STANDARDS IN THE PERFORMANCE AND INTERPRETATION OF DIAGNOSTIC ULTRASOUND EXAMINATIONS. THE ACCREDITATION PROCESS ENCOURAGES PROVIDERS OF DIAGNOSTICS ULTRASOUND SERVICES TO ASSESS THEIR STRENGTHS AND WEAKNESSES AND INITIATE CHANGES TO IMPROVE THEIR PRACTICE.
MEMBERSHIP - AIUM MEMBER BENEFITS INCLUDE CONTINUING MEDICAL EDUCATION CREDITS, SUBSCRIPTION OF MONTHLY JOURNAL ULTRASOUND IN MEDICINE, WEBINARS, ONLINE RESOURCE LIBRARY ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Levon Nazarian MD Faium Facr President | OfficerTrustee | 6 | $0 |
Richard Hoppmann MD Facp President-Elect | OfficerTrustee | 6 | $0 |
J Brian Fowlkes PHD Faium Immediate Past President | OfficerTrustee | 5 | $0 |
Yvette Groszmann MD MPH Faium First Vice President (eff 3/16/2022) | OfficerTrustee | 5 | $0 |
Jean Spitz MPH Cae Rdms Faium F Second Vice President | OfficerTrustee | 5 | $0 |
Irene Wai Yan MA MD PHD Facp Rdms Third Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hilton San Diego Bayfront Event Expenses | 12/30/22 | $731,504 |
Robert Half Temporary Staffing | 12/30/22 | $214,512 |
Chief Outsiders Professional Fees For Strategic Planning | 12/30/22 | $153,209 |
Redzone Technologies Technology Services: Network And Pc Mana | 12/30/22 | $152,784 |
Walt Disney World Event Expenses | 12/30/22 | $151,678 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $688,208 |
| Investment income | $154,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$116,373 |
| Net Gain/Loss on Asset Sales | $955,542 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,169,881 |
| Statement of Expenses | |
|---|---|
| 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. | $723,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,916,429 |
| Pension plan accruals and contributions | $144,602 |
| Other employee benefits | $158,809 |
| Payroll taxes | $179,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,820 |
| Fees for services: Accounting | $30,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,015 |
| Fees for services: Other | $314,955 |
| Advertising and promotion | $139,248 |
| Office expenses | $343,838 |
| Information technology | $507,870 |
| Royalties | $0 |
| Occupancy | $254,470 |
| Travel | $38,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $178,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,315 |
| Insurance | $49,683 |
| All other expenses | $0 |
| Total functional expenses | $5,152,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,142,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312,052 |
| 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 | $251,939 |
| Investments—publicly traded securities | $11,409,916 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,980 |
| Total assets | $17,421,773 |
| Accounts payable and accrued expenses | $308,460 |
| Grants payable | $0 |
| Deferred revenue | $1,878,266 |
| 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 | $2,186,726 |
| Net assets without donor restrictions | $11,209,147 |
| Net assets with donor restrictions | $4,025,900 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $15,235,047 |