Society Of Interventional Radiology Foundation
- Assets
- $7.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 54-1518252
Organization Overview
Society Of Interventional Radiology Foundation is located in Fairfax, VA. The organization was established in 1993. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Interventional 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 12/2023, Society Of Interventional Radiology Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE HEALTHCARE BY SUPPORTING INNOVATIONS RELATED TO CARDIOVASCULAR & INTERVENTIONAL RADIOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL RESEARCH - THE FOUNDATION SUPPORTS CLINICAL TRIAL RESEARCH INITIATIVES IN THE FIELD OF IR BY PROVIDING FINANCIAL SUPPORT TO PROJECTS THAT WILL HELP ADVANCE PATIENT CARE THROUGH THE STUDY OF IR PROCEDURES. THE FOUNDATION ALSO HOSTS RESEARCH CONSENSUS PANELS (RCP) WHERE DIFFERENT CLINICAL TOPICS ARE DISCUSSED WITH PHYSICIAN AND INDUSTRY EXPERTS.
GRANTS AND ACADEMIC DEVELOPMENT - THE FOUNDATION PROVIDES RESEARCH GRANTS FOR THE DEVELOPMENT OF IDEAS AND PROCEDURES THAT WILL IMPROVE PATIENT CARE AND QUALITY OF LIFE THROUGH THE ENHANCEMENT OF INNOVATIVE, MINIMALLY INVASIVE, IMAGE-GUIDED THERAPIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Sze MD PHD Fsir Board Director/jvir Editor | Trustee | 1 | $0 |
Theresa M Caridi MD Fsir Chair Until 03/23 | OfficerTrustee | 1 | $0 |
Maureen Kohi MD Fsir Vice Chair Until 3/23; Chair As Of 3/23 | OfficerTrustee | 1 | $0 |
Clifford R Weiss MD Fsir Vice Chair As Of 2/15 | OfficerTrustee | 1 | $0 |
Katharine Krol MD Fsir Past President 03/23 | OfficerTrustee | 5 | $0 |
Shellie Josephps MD Fsir Secretary As Of 03/23 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $438,441 |
| Related organizations | $200,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $698,719 |
| Noncash contributions included in lines 1a–1f | $5,165 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,337,160 |
| Total Program Service Revenue | $0 |
| Investment income | $322,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$140,064 |
| Net Income from Fundraising Events | -$87,729 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,470,131 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,950,864 |
| 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 | $776,025 |
| Fees for services: Legal | $25,100 |
| Fees for services: Accounting | $4,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,672 |
| Fees for services: Other | $225,221 |
| Advertising and promotion | $18,070 |
| Office expenses | $11,338 |
| Information technology | $13,165 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,127 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,118,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,945 |
| Savings and temporary cash investments | $301,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,240 |
| 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 | $83,891 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,815,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,372,994 |
| Accounts payable and accrued expenses | $8,388 |
| Grants payable | $1,924,740 |
| Deferred revenue | $36,711 |
| 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 | $2,016,168 |
| Total liabilities | $3,986,007 |
| Net assets without donor restrictions | $2,597,292 |
| Net assets with donor restrictions | $789,695 |
| 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 | $7,372,994 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cvpath Institute Inc Gaithersburg, MD | $22,505,172 | $10,519,461 |
Heart Failure Society Of America Inc Rockville, MD | $8,199,366 | $5,992,766 |
Society Of Interventional Radiology Foundation Fairfax, VA | $7,372,994 | $1,470,131 |
Hypertension Institute Foundation Nashville, TN | $48,820 | $482,219 |
The Consortium For Southeast Healthcare Quality Winstonsalem, NC | $322,896 | $163,139 |
Virginia Cardiac Services Quality Initiative South Riding, VA | $513,012 | $159,142 |
Delmarva Heart Research Foundation Inc Salisbury, MD | $0 | $0 |
Kentucky Heart Foundation Inc Ashland, KY | $569,146 | $799 |
Lakhanpal Vein Foundation Inc Greenbelt, MD | $15,068 | $62,650 |
Translational Raas Interest Group Norfolk, VA | $18,925 | $38,640 |
Uno Heart Foundation Sterling, VA | $95,099 | $0 |
Cardiovascular Research Foundation Inc Owensboro, KY | $402,243 | $0 |