Society For Vascular Ultrasound Inc
- Assets
- $1.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Laurel, MD
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-3881654
Organization Overview
Society For Vascular Ultrasound Inc is located in Laurel, MD. The organization was established in 2019. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Society For Vascular Ultrasound Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Vascular Ultrasound 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 12/2023, Society For Vascular Ultrasound Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
A NATIONAL MEMBERSHIP SOCIETY FOR THOSE ENGAGED IN THE FIELD OF NON-INVASIVE VASCULAR TECHNOLOGY AND ADVOCATING ON BEHALF OF THE FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOURNAL AND NEWSLETTERS - SVU PUBLISHES A QUARTERLY SCIENTIFIC, PEER-REVIEWED JOURNAL FOR VASCULAR ULTRASOUND (JVU), AND MONTHLY ONLINE NEWSLETTER CALLED E-SPECTRUM. JVU CONTAINS ORIGINAL ARTICLES ON BASIC AND CLINICAL ASPECTS OF VASCULAR DIAGNOSTICS, ADVANCES IN THE FIELD, TECHNIQUES, BOOK REVIEWS, CASE STUDIES, AND VIEWPOINTS. THE E-SPECTRUM NEWSLETTER REPORTS ON SVU'S FEDERAL LEGISLATIVE/REGULATORY ADVOCACY EFFORTS, JOB LISTINGS, TRAINING COURSES, NEW PRODUCT INFORMATION, EDUCATIONAL OPPORTUNITIES, PROGRAMS OF INTEREST, PRODUCTS, AND OTHER SVU ACTIVITIES AND NEWS OF INTEREST TO THE VASCULAR PROFESSION.
OTHER PROGRAM SERVICES INCLUDE EDUCATION AND TRAINING, GOVERNMENT RELATIONS, AND MORE.
MEMBERSHIP SERVICES - MEMBERSHIP INCLUDES EFFORTS FROM SVU TO OBTAIN NEW MEMBERS AND TO SUPPORT ALL MEMBERSHIP ACTIVITIES. SVU MEMBERSHIP IS COMPRISED OF PROFESSIONALS FROM THE ULTRASOUND COMMUNITY.
ANNUAL CONFERENCE - THE ANNUAL CONFERENCE IS AN INTERACTIVE THREE-DAY FORUM MEETING THE EDUCATIONAL AND PROFESSIONAL NEEDS OF VASCULAR TECHNOLOGISTS/SONOGRAPHERS AND OTHERS IN THE FIELD, REGARDLESS OF EXPERIENCE LEVEL. THE CONFERENCE IS A BLEND OF SCIENTIFIC AND CLINICAL SESSIONS, TUTORIALS, EDUCATIONAL WORKSHOPS, FEATURED SPEAKERS, PANEL DISCUSSIONS, CASE STUDIES, LIVE SCANNING DEMONSTRATIONS, AND EXHIBITS OF THE LATEST PRODUCTS/SERVICES FOR THE VASCULAR ULTRASOUND PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Harrington President | OfficerTrustee | 5 | $0 |
Josh Lee President Elect | OfficerTrustee | 3 | $0 |
Karen Burns Treasurer | OfficerTrustee | 1 | $0 |
Marguerite Marlowe Secretary | OfficerTrustee | 1 | $0 |
Kelly Byrnes Immed. Past Pres, Until 08/23 | OfficerTrustee | 3 | $0 |
Abraham Ettaher Tech Director | Trustee | 0.25 | $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 | $205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205 |
| Total Program Service Revenue | $979,935 |
| Investment income | $4,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $88,567 |
| 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 | $1,077,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $197,313 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,737 |
| Payroll taxes | $28,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,307 |
| Fees for services: Accounting | $64,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,630 |
| Advertising and promotion | $9,671 |
| Office expenses | $60,834 |
| Information technology | $96,795 |
| Royalties | $0 |
| Occupancy | $51,143 |
| Travel | $62,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215,753 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,589 |
| Insurance | $11,965 |
| All other expenses | $8,283 |
| Total functional expenses | $1,234,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $919,079 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,561 |
| 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 | $16,463 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,244 |
| Total assets | $1,001,347 |
| Accounts payable and accrued expenses | $48,160 |
| Grants payable | $0 |
| Deferred revenue | $572,590 |
| 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 | $150,000 |
| Other liabilities | $6,385 |
| Total liabilities | $777,135 |
| Net assets without donor restrictions | $224,212 |
| 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 | $1,001,347 |