American College Of Radiology
- Assets
- $281.7m
- Revenue
- $115.7m
- Investments
- $137.1m
- Employees
- 568
- Location
- Reston, VA
- Founding
- 09/1944
- Data as of
- 06/2021
- EIN
- 36-2261602
Organization Overview
American College Of Radiology is located in Reston, VA. The organization was established in 1944. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, American College Of Radiology employed 568 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Radiology 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 06/2021, American College Of Radiology generated $115.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $104.7m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 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.
Since 2015, American College Of Radiology has awarded 163 individual grants totaling $11,502,924. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLEGE IS ORGANIZED TO ADVANCE THE SCIENCE OF RADIOLOGY, IMPROVE THE QUALITY OF PATIENT CARE, POSITIVELY INFLUENCE THE SOCIOECONOMICS OF THE PRACTICE OF RADIOLOGY, PROVIDE CONTINUING EDUCATION FOR RADIOLOGY AND ALLIED HEALTH PROFESSIONALS, AND CONDUCT RESEARCH FOR THE FUTURE OF RADIOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - THE AMERICAN COLLEGE OF RADIOLOGY CONDUCTS RESEARCH OF MEDICAL IMAGING SPANNING ALL ASPECTS OF DIAGNOSTIC AND INTERVENTIONAL RADIOLOGY TO INCLUDE THE CLINICAL USE OF RADIOLOGY PROCEDURES TO DETECT AND TREAT DISEASE AS WELL AS HEALTH POLICY STUDIES RELATED TO USE OF RADIOLOGIC IMAGING. FUNDING FOR RESEARCH IS PROVIDED BY FEDERAL AND NON-FEDERAL SPONSORS THROUGH GRANTS AND CONTRACTUAL RELATIONSHIPS. THE SPECIFIC NUMBER AND SIZE OF THE RESEARCH PROJECTS BEING CONDUCTED BY ACR VARIES OVER TIME, AND OVER THE PAST 3 YEARS THESE PROJECTS HAVE ENGAGED OVER 75,000 CANCER PATIENTS; OVER 3,000 PATIENTS WITH POTENTIAL ALZHEIMERS DISEASE, AND OVER 100,000 PATIENTS TREATED FOR COVID.(CONTINUED ON SCHEDULE O)IN ADDITION, THE ACR'S EFFORTS HAVE LED TO FDA APPROVAL OF SEVERAL IMAGING PRODUCTS AND IMAGING PLATFORMS WHICH HAVE APPLICATION TO MULTIPLE DISEASES AS WELL AS THE DEVELOPMENT OF AI ALGORITHMS WHICH ARE ENHANCING CLINICAL PRACTICE.
QUALITY AND SAFETY - THE COLLEGE DISSEMINATES AND MONITORS PRACTICE PARAMETERS AND TECHNICAL STANDARDS AND APPROPRIATENESS CRITERIA FOR RADIOLOGY, DEVELOPS AND MAINTAINS ACCREDITATION PROGRAMS, PERFORMANCE MEASURES AND REGISTRIES TO PROMOTE QUALITY HEALTHCARE IN DIAGNOSTIC IMAGING AND RADIATION ONCOLOGY. ACCREDITATION CERTIFICATION OF EQUIPMENT IN 10 DIFFERENT AREAS OF FOCUS (MODALITIES). SERVING APPROX 40K ACTIVE ACCREDITED ENTITIES WITH 63K ACCREDITED UNITS. 5,200 FACILITIES ACTIVELY PARTICIPATING IN DATA REGISTRIES.(CONTINUED ON SCHEDULE O)ACR Q&S AFFECTS PRACTICALLY EVERY PERSON IN THE US - MOST PEOPLE HAVE AT LEAST ONE IMAGING EXAM DURING THEIR LIFETIME AND WHEN THEY DO, ACR GUIDELINES, ACCREDITATION, AND QUALITY PROGRAMS GUIDE, VALIDATE, AND SUPPORT THE QUALITY AND SAFETY OF THEIR CARE.
EDUCATION - THE COLLEGE PROVIDES A BROAD PORTFOLIO OF MEDICAL EDUCATION ACTIVITIES FOR RADIOLOGISTS, RADIATION ONCOLOGISTS, MEDICAL PHYSICISTS, INTERVENTIONAL RADIOLOGISTS, NUCLEAR MEDICINE PHYSICIANS, RESIDENTS IN TRAINING, AND MEDICAL STUDENTS TO POSITION THEM AT THE FOREFRONT OF PATIENT CARE, ADDRESS PROFESSIONAL PRACTICE GAPS, MAINTAIN CERTIFICATION AND FULFILL REQUIREMENTS FOR ONGOING PHYSICIAN PRACTICE EVALUATION. EDUCATION CENTER TEAM PROVIDED MICROCOURSE: MICROCOURSE ATTENDANCE IN FY2022 OF 1,194 RADIOLOGISTS ACROSS 8 DIFFERENT SPECIALIZED COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Thorwarth MD CEO | Officer | 36.5 | $1,005,012 |
William Shields General Counsel/evp - Mg&m | Officer | 37.5 | $565,607 |
Etta Pisano MD Chief Research Officer | Officer | 37.5 | $546,472 |
Michael Tilkin Cio | Officer | 37.5 | $530,087 |
Kenneth Korotky Evp-Ops/life Long Learning | Officer | 37.5 | $526,044 |
Diane Mullis CFO | Officer | 33.25 | $519,556 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shi International Corp It Service | 6/29/22 | $1,463,330 |
Core Partners Inc Software Consulting | 6/29/22 | $934,706 |
Mwebwarecom ( Md-eft) Software Consulting | 6/29/22 | $1,219,992 |
Urbane Systems Llc It Service | 6/29/22 | $601,105 |
Infolock Technologies Llc It Consulting | 6/29/22 | $587,785 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $663,818 |
| Government grants | $24,446,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,275,994 |
| Total Program Service Revenue | $83,981,213 |
| Investment income | $2,966,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $545,285 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,858,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,709,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $860,022 |
| 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. | $5,298,991 |
| Compensation of current officers, directors, key employees. | $4,203,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,865,330 |
| Pension plan accruals and contributions | $4,263,040 |
| Other employee benefits | $5,249,413 |
| Payroll taxes | $3,516,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $167,683 |
| Fees for services: Accounting | $307,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,562 |
| Fees for services: Other | $15,520,289 |
| Advertising and promotion | $203,835 |
| Office expenses | $2,492,600 |
| Information technology | $5,042,972 |
| Royalties | $0 |
| Occupancy | $1,051,906 |
| Travel | $24,629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $236,750 |
| Interest | $534,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,402,293 |
| Insurance | $446,286 |
| All other expenses | $969,002 |
| Total functional expenses | $104,725,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $954 |
| Savings and temporary cash investments | $11,387,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,347,381 |
| 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 | $2,806,582 |
| Net Land, buildings, and equipment | $39,804,405 |
| Investments—publicly traded securities | $74,931,230 |
| Investments—other securities | $137,075,212 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,383,082 |
| Total assets | $281,736,009 |
| Accounts payable and accrued expenses | $17,126,329 |
| Grants payable | $203,053 |
| Deferred revenue | $37,353,073 |
| Tax-exempt bond liabilities | $10,469,576 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,757,255 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,955,800 |
| Total liabilities | $97,865,086 |
| Net assets without donor restrictions | $183,870,923 |
| Net assets with donor restrictions | $0 |
| 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 | $281,736,009 |
Grants Awarded
Over the last fiscal year, American College Of Radiology has awarded $1,133,806 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: INNOVATION GRANT | $150,000 |
Rochester, NY PURPOSE: INNOVATION GRANT | $150,000 |
Kennesaw, GA PURPOSE: PROGRAM SUPPORT | $115,000 |
Charlottesville, VA PURPOSE: INNOVATION GRANT | $100,000 |
Nashville, TN PURPOSE: INNOVATION GRANT | $99,954 |
Reston, VA PURPOSE: DONATION | $93,395 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that American College Of Radiology has recieved totaling $11,439,056.
| Awarding Organization | Amount |
|---|---|
American College Of Radiology Association Reston, VA PURPOSE: DUES CONTRIBUTION | $6,297,000 |
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: IN SUPPORT OF THE DEVELOPMENT OF A LEARNING NETWORK OF FOUR LEARNING COLLABORATIVES DESIGNED TO DEVELOP STRATEGIES TO IMPROVE THE DIAGNOSIS OF CANCER. | $1,562,130 |
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: IN SUPPORT OF THE DEVELOPMENT OF A LEARNING NETWORK OF FOUR LEARNING COLLABORATIVES DESIGNED TO DEVELOP STRATEGIES TO IMPROVE THE DIAGNOSIS OF CANCER. | $1,562,000 |
Alzheimers Disease And Related Disorders Association Inc Chicago, IL PURPOSE: PROGRAM SUPPORT | $1,547,493 |
American College Of Radiology Foundation Reston, VA PURPOSE: RESEARCH SUPPORT | $389,036 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Radiology Reston, VA | $281,736,009 | $115,709,587 |
Optical Society Of America Inc Washington, DC | $157,741,246 | $51,003,670 |
Infectious Diseases Society Of America Inc Arlington, VA | $64,244,197 | $31,558,220 |
American College Of Medical Genetics And Genomics Bethesda, MD | $5,251,363 | $10,964,294 |
American Association Of Immunologists Inc Rockville, MD | $91,493,241 | $15,247,854 |
American Board Of Orthopaedic Surgery Inc Chapel Hill, NC | $61,303,977 | $12,251,504 |
American Roentgen Ray Society Leesburg, VA | $36,171,953 | $9,848,662 |
Acog Foundation Washington, DC | $128,825,789 | $4,640,041 |
National Tuberous Sclerosis Association Inc Silver Spring, MD | $14,827,937 | $8,909,542 |
Public Health Accreditation Board Alexandria, VA | $6,402,113 | $3,985,968 |
American College Of Veterinary Surgeons Germantown, MD | $7,052,683 | $4,060,999 |
Old North State Medical Society Inc Greensboro, NC | $598,588 | $3,206,450 |