National Board Of Echocardiography Inc
- Assets
- $10.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 56-2000084
Organization Overview
National Board Of Echocardiography Inc is located in Raleigh, NC. The organization was established in 1997. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Board Of Echocardiography Inc 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, National Board Of Echocardiography Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 14.3% 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 THE QUALITY OF CARDIOVASCULAR PATIENT CARE BY DEVELOPING AND ADMINISTERING EXAMINATIONS LEADING TO CERTIFICATION OF PHYSICIANS WITH SPECIAL KNOWLEDGE AND EXPERTISE IN ECHOCARDIOGRAPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FUNDS TO OFFER AND ADMINISTER A NATIONAL CERTIFICATION EXAM TO QUALIFIED PHYSICIANS IN GENERAL CARDIAC ULTRASOUND.
PROVIDES FUNDS TO OFFER AND ADMINISTER A NATIONAL CERTIFICATION EXAM TO QUALIFIED PHYSICIANS IN PERIOPERATIVE TRANSESOPAGEAL ECHOCARDIOGRAPHY.
PROVIDES RECERTIFICATION EXAMS TO QUALIFIED PHYSICIANS IN ADULT ECHOCARDIOGRAPHY.
PROVIDES FUNDS TO OFFER AND ADMINISTER NATIONAL CERTIFICATION EXAMS IN THE FIELD OF ECHOCARDIOGRAPHY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Klein MD Secretary/tr | OfficerTrustee | $0 | |
Christopher Troianos MD President | OfficerTrustee | $0 | |
Marcus Stoddard MD Past Preside | OfficerTrustee | $0 | |
Roberto Lang MD President El | OfficerTrustee | $0 | |
Alina Nicoara MD Fase Director | Trustee | $0 | |
Nova Panebianco MD MPH Facep Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Board Of Medical Examiners Testing Service | 12/30/22 | $1,249,727 |
First Point Management Resources Management Svcs | 12/30/22 | $1,013,431 |
Professional Testing Inc Testing Service | 12/30/22 | $232,633 |
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 | $3,012,866 |
| Investment income | $241,274 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $554,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,809,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103,000 |
| 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 | $1,013,431 |
| Fees for services: Legal | $16,057 |
| Fees for services: Accounting | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,231 |
| Fees for services: Other | $175,115 |
| Advertising and promotion | $250,625 |
| Office expenses | $16,362 |
| Information technology | $17,883 |
| 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 | $416,343 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,772 |
| Insurance | $14,011 |
| All other expenses | $579,746 |
| Total functional expenses | $3,904,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,181 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300 |
| 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 | $401,636 |
| Net Land, buildings, and equipment | $5,906 |
| Investments—publicly traded securities | $9,951,188 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,725 |
| Total assets | $10,668,936 |
| Accounts payable and accrued expenses | $196,645 |
| Grants payable | $0 |
| Deferred revenue | $578,370 |
| 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 | $775,015 |
| Net assets without donor restrictions | $9,893,921 |
| 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 | $10,668,936 |
Grants Awarded
Over the last fiscal year, National Board Of Echocardiography Inc has awarded $44,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASE FOUNDATION | | | $18,800 |
Washington, DC | | $10,000 |
Gainesville, FL | | $8,000 |
SOCIETY OF CARDIOVASCULAR ANESTHESI | | | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Williamsburg Area Chamber Of Commerce Williamsburg, VA | $14,757,466 | $13,076,106 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Naiop Inc Herndon, VA | $24,051,800 | $11,820,157 |
Association Of Small Business Development Centers Burke, VA | $3,386,085 | $9,990,521 |
Charlotte Regional Realtor Association Inc Charlotte, NC | $53,438,404 | $12,494,849 |
Hilton Head Island Bluffton Chamber Of Commerce Hilton Head Island, SC | $3,721,536 | $8,774,772 |
North Carolina Association Of Realtors Inc Greensboro, NC | $31,160,587 | $11,391,480 |
The North Carolina Community Action Association Raleigh, NC | $4,811,006 | $8,169,285 |
American Seed Trade Association Alexandria, VA | $7,353,007 | $6,785,185 |
Virginia Association Of Realtors Richmond, VA | $25,601,642 | $9,283,805 |
Visitgreenville Sc Greenville, SC | $7,299,998 | $9,046,809 |