American College Of Radiology Foundation
- Assets
- $12.8m
- Revenue
- $616.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Reston, VA
- Founding
- 07/2019
- Data as of
- 06/2023
- EIN
- 36-6125578
Organization Overview
American College Of Radiology Foundation is located in Reston, VA. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Radiology 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 06/2023, American College Of Radiology Foundation generated $616.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $665.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American College Of Radiology Foundation has awarded 26 individual grants totaling $8,036,485. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE PROFESSION AND PRACTICE OF RADIOLOGY TO BENEFIT PATIENTS (CONTINUED ON SCHEDULE O) WITH A SPECIFIC EMPHASIS ON HEALTH POLICY RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND FOR COLLABORATIVE RESEARCH AND INNOVATION (FCRI) - TO SUPPORT CLINICAL TRIALS RESEARCH FOR DIAGNOSTIC IMAGING AND IMAGE GUIDED THERAPIES.
INTERNATIONAL OUTREACH - TO SUPPORT ONGOING RADIOLOGICAL PROJECTS IN THE DEVELOPING WORLD.
RADIOLOGY LEADERSHIP INSTITUTE FUND - TO SUPPORT PROGRAM AND TECHNOLOGY DEVELOPMENT, SCHOLARSHIPS AND FUTURE PROGRAM ENHANCEMENTS OF THE RADIOLOGY LEADERSHIP INSTITUTE (RLI). THE RLI IS AN INNOVATIVE LEARNING PROGRAM DESIGNED TO HELP SHAPE FUTURE LEADERS IN THE FIELD OFRADIOLOGY.
HEALTH POLICY INSTITUTE/ HEALTH POLICY RESEARCH FUND - TO SUPPORT GRANTS TO DEMONSTRATE THE ROLE RADIOLOGISTS PLAY IN TEAM-BASED HEALTHCARE BY PROVIDING EMPIRICAL EVIDENCE THAT CLARIFIES THE ROLE AND VALUE OF RADIOLOGY IN EVOLVING PAYMENT MODELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline A Bello MD Facr Chair | OfficerTrustee | 2 | $0 |
Alan H Matsumoto MD Facr Vice Chair | OfficerTrustee | 2 | $0 |
Howard B Fleishon MD Mmm Facr President | OfficerTrustee | 10 | $0 |
Frank J Lexa MD MBA Vice President | OfficerTrustee | 2 | $0 |
Dana H Smetherman MD MPH MBA Facr Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Amy Louise Kotsenas MD Facr Council Speaker | OfficerTrustee | 2 | $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 | $52,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,412 |
| Total Program Service Revenue | $0 |
| Investment income | $270,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $292,893 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $630,269 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276 |
| Pension plan accruals and contributions | $25 |
| Other employee benefits | $31 |
| Payroll taxes | $19 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $395 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,789 |
| Fees for services: Other | $9,355 |
| Advertising and promotion | $0 |
| Office expenses | $453 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,005 |
| Total functional expenses | $665,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,603,877 |
| 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 | $11,217,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,821,314 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,211,792 |
| Total liabilities | $1,211,792 |
| Net assets without donor restrictions | $11,056,024 |
| Net assets with donor restrictions | $553,498 |
| 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 | $12,821,314 |
Grants Awarded
Over the last fiscal year, American College Of Radiology Foundation has awarded $630,269 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COLLEGE OF RADIOLOGY PURPOSE: ED PROGRAM SUPPORT | $148,405 |
AMERICAN COLLEGE OF RADIOLOGY PURPOSE: RESEARCH SUPPORT | $481,864 |