Asrt Foundation
- Assets
- $9.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 05/1985
- Data as of
- 09/2021
- EIN
- 85-0323021
Organization Overview
Asrt Foundation is located in Albuquerque, NM. The organization was established in 1985. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asrt 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 09/2021, Asrt Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $788.2k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUND EDUCATION & RESEARCH FOR RADIOLOGIC SCIENCES STUDENTS & PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASRT FOUNDATION AWARDED 87 SCHOLARSHIPS. 28 SCHOLARSHIPS, TOTALING 91,484, WERE AWARDED TO STUDENTS ATTENDING ENTRY-LEVEL EDUCATIONAL PROGRAMS IN MEDICAL IMAGING AND RADIATION THERAPY. AN ADDITIONAL 59 SCHOLARSHIPS, TOTALING 173,500, WERE AWARDED TO MEDICAL IMAGING TECHNOLOGISTS AND RADIATION THERAPISTS PURSUING CONTINUING MEDICAL EDUCATION OR A DEGREE. THE FOUNDATION'S SCHOLARSHIPS WERE AWARDED THROUGH A COMPETITIVE PROCESS BRINGING TOGETHER A VOLUNTEER COMMITTEE OF EXPERTS IN THE FIELD TO REVIEW AND SCORE THE APPLICANTS.
THE ASRT FOUNDATION AWARDED 10 GLOBAL OUTREACH GRANTS, 88 COVID-19 EMERGENCY RELIEF GRANTS, 2 SAFETY GRANTS AND 1 RESEARCH GRANT. THE TOPIC OF THE RESEARCH GRANT FUNDED WAS, PREPARING HEALTHCARE PROFESSIONALS: A PILOT STUDY OF THE RELATIONSHIP BETWEEN RESILIENCE, EMOTIONAL INTELLIGENCE, AND AGE. THE COVID-19 EMERGENCY RELIEF GRANT WAS SWIFTLY ESTABLISHED IN 2020 BY THE BOARD OF TRUSTEES TO ASSIST OUR MEMBERS WHO WERE DEVASTATED FROM PERSONAL LOSS RELATED TO JOB LOSS OR FROM BEING STRICKEN WITH THE CORONAVIRUS. THE PROGRAM WAS CLOSED AFTER THESE FINAL RECIPIENTS WERE AWARDED.
THE ASRT FOUNDATION'S HCIAC CORPORATE ROUNDTABLE ENHANCED PATIENT CARE AND HELPED INCREASE THE BODY OF KNOWLEDGE IN THE RADIOLOGIC SCIENCES BY BRINGING TOGETHER CORPORATE LEADERS AT AN ANNUAL SUMMIT WHERE EXPERTS PRESENT RELEVANT INDUSTRY-RELATED INFORMATION AS WELL AS ALLOWING FOR A ROUNDTABLE DISCUSSION OF THE MOST PRESSING CONCENRNS FOR INDUSTRY. THE ASRT FOUNDATION COMMUNICATES REGULARLY WITH THE HCIAC MEMBERS TO DISCUSS PRIORITY ISSUES.
SPONSOR A STUDENT PROGRAM, GRANTS TO ASRT AFFILIATES, ARRT EDUCATION AND GROWTH GRANTS, AND MEDICAL IMAGING AND RADIATION THERAPY SAFETY GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Merritt Vice Chair/s | OfficerTrustee | 1 | $0 |
James Johnston Chair | OfficerTrustee | 1 | $0 |
Elaine Chin Treasurer | OfficerTrustee | 1 | $0 |
Sal Martino CEO | Officer | 3 | $0 |
Michael Kudlas Associate Ex | Officer | 1 | $0 |
Greg Morrison Associate Ex | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $387,046 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $408,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $795,197 |
| Total Program Service Revenue | $6,000 |
| Investment income | $115,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $283,841 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $20,067 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,220,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,981 |
| Grants and other assistance to domestic individuals. | $304,638 |
| 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 | $226,911 |
| Fees for services: Legal | $13,914 |
| Fees for services: Accounting | $13,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,958 |
| Fees for services: Other | $96,244 |
| Advertising and promotion | $3,932 |
| Office expenses | $286 |
| 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 | $67,114 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,869 |
| Total functional expenses | $788,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,213 |
| Savings and temporary cash investments | $564,013 |
| Pledges and grants receivable | $325,484 |
| 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 | $10,738 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,795,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,159,409 |
| Accounts payable and accrued expenses | $104,268 |
| Grants payable | $0 |
| Deferred revenue | $800 |
| 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 | $105,068 |
| Net assets without donor restrictions | $4,380,428 |
| Net assets with donor restrictions | $4,673,913 |
| 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 | $9,159,409 |
Grants Awarded
Over the last fiscal year, Asrt Foundation has awarded $12,981 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baton Rouge, LA PURPOSE: SEE PART IV | $6,517 |
Mountain Home, AR PURPOSE: SEE PART IV | $6,464 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asrt Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $100,000 |
Endowment Analysis
| Beg. Balance | $3,339,165 |
| Earnings | $930,624 |
| Net Contributions | $1,035,342 |
| Grants | $92,727 |
| Ending Balance | $5,212,404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For Respiratory Care Irving, TX | $52,111,996 | $8,759,792 |
Society Of Diagnostic Medical Sonography Plano, TX | $6,218,487 | $5,007,228 |
American College Of Osteopathic Obstetricians And Gynecologists Fort Worth, TX | $4,155,104 | $2,280,125 |
Texas Society Of Anesthesiologists Austin, TX | $6,743,972 | $1,200,390 |
Childrens Cancer Network Chandler, AZ | $878,056 | $1,227,482 |
Osteopathic Founders Foundation Tulsa, OK | $21,885,947 | $700,462 |
Asrt Foundation Albuquerque, NM | $9,159,409 | $1,220,776 |
American Pediatric Society Inc The Woodlands, TX | $3,264,281 | $1,098,222 |
Healing Touch International Inc Lakewood, CO | $98,830 | $377,916 |
Ogden Surgical Society Ogden, UT | $2,206,188 | $875,799 |
The American Society For Neurochemistry Houston, TX | $640,000 | $312,828 |
Texas Chapter Of The American College Of Cardiology Austin, TX | $645,111 | $318,783 |