Asrt Foundation
- Assets
- $8.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 05/1985
- Data as of
- 09/2023
- 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 09/2023, Asrt Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $959.3k during the year ending 09/2023. 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
FUND EDUCATION & RESEARCH FOR RADIOLOGIC SCIENCES STUDENTS & PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASRT FOUNDATION AWARDED 90 SCHOLARSHIPS. 37 SCHOLARSHIPS, TOTALING 159,000, WERE AWARDED TO STUDENTS ATTENDING ENTRY-LEVEL EDUCATIONAL PROGRAMS IN MEDICAL IMAGING AND RADIATION THERAPY. AN ADDITIONAL 53 SCHOLARSHIPS, TOTALING 203,825, WERE AWARDED TO MEDICAL IMAGING TECHNOLOGISTS AND RADIATION THERAPISTS PURSUING ADDITIONAL CERTIFICATIONS 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.
SPONSOR A STUDENT PROGRAM, GRANTS TO ASRT AFFILIATES, ARRT EDUCATION AND GROWTH GRANTS.
THE ASRT FOUNDATION AWARDED 19 GLOBAL OUTREACH GRANTS, 4 CONTINUING EDUCATION CONFERENCE TRAVEL GRANTS, 2 INTERNATIONAL SPEAKER EXCHANGE GRANTS AND 1 RESEARCH GRANT. THE TOPIC OF THE RESEARCH GRANT FUNDED WAS, A PILOT STUDY EXPLORING HOW AN APRT PROCESS INTERVENTION IMPACTS THROUGHPUT FOR INPATIENTS REFERRED TO RADIATION ONCOLOGY AT A LARGE U.S. ACADEMIC CENTER.
THE ASRT FOUNDATION'S CORPORATE ROUNDTABLE INCREASED THE BODY OF KNOWLEDGE IN THE RADIOLOGIC SCIENCES BY BRINGING TOGETHER CORPORATE LEADERS AT AN ANNUAL SUMMIT WHERE EXPERTS PRESENT RELEVANT INDUSTRY RELATED INFORMATION ALONG WITH ROUNDTABLE DISCUSSIONS OF THE MOST PRESSING CONCERNS FOR INDUSTRY AND THE FUTURE OF THE PROFESSION. ASRT FOUNDATION IS ENGAGED WITH THE CORPORATE ROUNDTABLE PARTNERS THROUGHOUT THE YEAR TO WORK ON SOLUTIONS TO PRIORITY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Moore Through 6-26-2023 Trustee/ Bod | Trustee | 1 | $0 |
Daniel Gonzales From 6-27-2023 Trustee/bod | Trustee | 1 | $0 |
Sue Merritt Chair | OfficerTrustee | 1 | $0 |
Tanya Custer Vice Chair/s | OfficerTrustee | 1 | $0 |
Charles Kreidinger Treasurer | OfficerTrustee | 1 | $0 |
Jeff Legg Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $407,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $444,334 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $851,834 |
| Total Program Service Revenue | $3,700 |
| Investment income | $194,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $33,947 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,101,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $455,426 |
| 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 | $239,704 |
| Fees for services: Legal | $2,400 |
| Fees for services: Accounting | $15,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,936 |
| Fees for services: Other | $79,745 |
| Advertising and promotion | $7,665 |
| Office expenses | $1,833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,334 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,167 |
| Total functional expenses | $959,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76 |
| Savings and temporary cash investments | $1,006,765 |
| Pledges and grants receivable | $447,655 |
| 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 | $11,608 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,218,530 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,684,634 |
| Accounts payable and accrued expenses | $61,642 |
| 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 | $61,642 |
| Net assets without donor restrictions | $4,312,014 |
| Net assets with donor restrictions | $4,310,978 |
| 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 | $8,684,634 |
Grants Awarded
Over the last fiscal year, Asrt Foundation has awarded $12,981 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BATON ROUGE GENERAL FOUNDATIONPENNINGTON CANCER CENTER PURPOSE: SEE PART IV | $6,517 |
BAXTER REGIONAL MEDICAL CENTER PURPOSE: SEE PART IV | $6,464 |