Advanced Radiology Services Foundation
- Assets
- $933.1k
- Revenue
- $98.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 45-3985619
Organization Overview
Advanced Radiology Services Foundation is located in Grand Rapids, MI. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Radiology Services 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 12/2023, Advanced Radiology Services Foundation generated $98.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $49.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Advanced Radiology Services Foundation has awarded 14 individual grants totaling $515,250. 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
THE ARS FOUNDATION IS DEDICATED TO SUPPORTING ORGANIZATIONS THAT IMPROVE THE HEALTH OF COMMUNITIES OUR MEMBERS SERVE AND INVESTING IN THE FUTURE OF RADIOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTRIBUTED TO THE AMERICAN COLLEGE OF RADIOLOGY FOUNDATION (ACRF).THE ACRF SUPPORTS CLINICAL RESEARCH AND EDUCATION WITHIN THE MEDICAL FIELD, AS WELL AS, POLICIES THAT AFFECT THE RADIOLOGY PROFESSION.
$10,000 TO RSNA RESEARCH & EDUCATION FOUNDATION (RSNAREF) WHICH SUPPORTS RESEARCH AND EDUCATION WITHIN THE MEDICAL FIELD CONCENTRATING ON RADIOLOGICAL ADVANCEMENT.
$4,810 CONTRIBUTED TO MICHIGAN STATE UNIVERSITY FOR MEDICAL STUDENT SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rolf Dieter Hollstein MD President & Director | OfficerTrustee | 0.1 | $0 |
Thomas Archambeau MD Vice President & Director | OfficerTrustee | 0.1 | $0 |
Ryan Duhn MD Director | Trustee | 0.1 | $0 |
Susan Ervine MD Director | Trustee | 0.1 | $0 |
Brian Fedeson MD Director | Trustee | 0.1 | $0 |
Leena Mammen MD Director | Trustee | 0.1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $98,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,810 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,884 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $80 |
| Total functional expenses | $49,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,683 |
| Savings and temporary cash investments | $930,464 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $933,147 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $933,147 |
| 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 | $933,147 |
Grants Awarded
Over the last fiscal year, Advanced Radiology Services Foundation has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AM COL OF RAD FOUNDATION PURPOSE: FURTHER MEDICAL EFFORTS | $25,000 |
RADIOLOGICAL SOCIETY OF N AMERICA PURPOSE: FURTHER MEDICAL EFFORTS | $10,000 |