Society Of Interventional Radiology
- Assets
- $15.2m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 65
- Location
- Fairfax, VA
- Founding
- 03/1980
- Data as of
- 12/2022
- EIN
- 39-1345331
Organization Overview
Society Of Interventional Radiology, operating under the name Sir, is located in Fairfax, VA. The organization was established in 1980. According to its NTEE Classification (F03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Sir employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sir is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Sir generated $13.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $13.1m during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH AND QUALITY OF LIFE THROUGH THE PRACTICE OF INTERVENTIONAL RADIOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING AND EDUCATION - SIR PROMOTES THE PROFESSION OF INTERVENTIONAL RADIOLOGY BY PROVIDING AN ANNUAL SCIENTIFIC MEETING FOR MEMBER AND NONMEMBER PHYSICIANS. OTHER SMALLER, PROCEDURE-SPECIFIC MEETINGS AND EDUCATIONAL CONFERENCES AND SEMINARS ARE ALSO HELD THROUGHOUT THE YEAR.
HEALTH POLICY ECONOMICS AND GOVERNMENT AFFAIRS - SIR TAKES A PROACTIVE ROLE IN PROMOTING HEALTH POLICY AS WELL AS LEGISLATIVE AND RESEARCH ISSUES PERTAINING TO INTERVENTIONAL RADIOLOGY TO KEY POLICY DECISION-MAKERS. ALSO, THE SOCIETY EDUCATES MEMBERS ON THE IMPACT THE LAWS AND REGULATIONS MADE BY KEY REGULATORY BODIES WILL HAVE ON PAYMENT OF REIMBURSEMENTS.
PRODUCTS AND PUBLICATIONS - SIR OFFERS A VARIETY OF EDUCATIONAL RESOURCES TO THE MEDICAL COMMUNITY AND THE PUBLIC AT LARGE, INCLUDING THE SOCIETY'S JOURNAL OF VASCULAR AND INTERVENTIONAL RADIOLOGY (THE JOURNAL) AND PATIENT INFORMATION BROCHURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Dake MD Fsir Imm. Past President | OfficerTrustee | 5 | $0 |
Matthew Johnson MD Fsir President | OfficerTrustee | 5 | $0 |
Parag Patel MD Fsir President Elect | OfficerTrustee | 5 | $0 |
Filip Banovac MD Fsir Treasurer | OfficerTrustee | 5 | $0 |
Alda Tam MD Fsir Secretary | OfficerTrustee | 1 | $0 |
Nadine Abi-Jaoudeh MD Fsir Executive Council | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Companies Convention/meeting/av Services | 12/30/22 | $1,165,300 |
Westin Boston Waterfront Hotel And Meeting Rooms - Convention | 12/30/22 | $326,486 |
Elsevier Inc Jvir Publication Prod./distribution | 12/30/22 | $193,605 |
Massachusetts Conv Center Authority Convention Center Rental/services | 12/30/22 | $322,069 |
Levy Restaurants Food Services - Convention | 12/30/22 | $190,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,388,347 |
| Investment income | $450,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $500,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $276,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,393 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,098,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,244 |
| 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. | $677,844 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,275,764 |
| Pension plan accruals and contributions | $214,770 |
| Other employee benefits | $353,224 |
| Payroll taxes | $366,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,744 |
| Fees for services: Accounting | $48,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,923 |
| Fees for services: Other | $1,395,150 |
| Advertising and promotion | $158,905 |
| Office expenses | $428,686 |
| Information technology | $588,994 |
| Royalties | $0 |
| Occupancy | $309,723 |
| Travel | $543,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,413,336 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,113 |
| Insurance | $138,593 |
| All other expenses | $100,711 |
| Total functional expenses | $13,134,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,207,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,831 |
| Prepaid expenses and deferred charges | $1,052,030 |
| Net Land, buildings, and equipment | $547,520 |
| Investments—publicly traded securities | $9,564,012 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,570,772 |
| Total assets | $15,229,175 |
| Accounts payable and accrued expenses | $422,635 |
| Grants payable | $0 |
| Deferred revenue | $3,955,264 |
| 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 | $1,040,121 |
| Total liabilities | $5,418,020 |
| Net assets without donor restrictions | $9,811,155 |
| 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 | $15,229,175 |
Grants Awarded
Over the last fiscal year, Society Of Interventional Radiology has awarded $500,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIETY OF INTERVENTIONAL RADIOLOGY FOUNDATION PURPOSE: GENERAL SUPPORT | $200,000 |
WGBH EDUCATIONAL FOUNDATION PURPOSE: RESEARCH AND DEVELOPMENT GRANT FOR NOVA HUMAN BODY PROJECT. | $50,000 |
SOCIETY OF INTERVENTIONAL RADIOLOGY FOUNDATION PURPOSE: GENERAL SUPPORT | $200,000 |
WGBH EDUCATIONAL FOUNDATION PURPOSE: RESEARCH AND DEVELOPMENT GRANT FOR NOVA HUMAN BODY PROJECT. | $50,000 |