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Focused Ultrasound Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205744808 ✦ Charlottesville, VA ✦ Designated as a 501(c)(3)

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Overview

What is Focused Ultrasound Foundation?

The Focused Ultrasound Foundation, situated in Charlottesville, Virginia, serves as a leading advocate for the global adoption of focused ultrasound technology. Established as a nonprofit organization, their primary focus includes organizing and funding research, fostering collaboration through events, and encouraging the development of the next generation of professionals in this field through fellowships and internships. Moreover, they collect and disseminate relevant knowledge, contributing to the advancement of focused ultrasound technology in various medical applications. With a dedicated team of 54 employees, the Foundation strives to make a significant impact in the field, contributing to improved healthcare outcomes worldwide.


Official website here: www.fusfoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)

The Focused Ultrasound Foundation has achieved an exceptional 100% rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The high score is a reflection of the organization’s robust governance practices, including a fully independent board and effective oversight measures. The organization excels in multiple areas, including a low liabilities-to-assets ratio and a high program expense ratio, demonstrating efficient use of resources towards its mission.

Strengths highlighted in the evaluation include the absence of material diversions of assets and the implementation of essential policies such as conflict of interest and whistleblower protections. The organization has also shown commitment to transparency by consistently providing financial documents to its board and making its tax forms publicly accessible. These factors contribute to the foundation's strong reputation in the nonprofit sector.

However, while the ratings indicate a strong organizational framework, there may not be detailed feedback regarding the direct impact of the foundation's projects or specific outcomes achieved. This limitation highlights the importance of transparency not only in finances but also in reporting the effectiveness of its initiatives to stakeholders and the public.


This AI summary has been generated from information found on Charity Navigator.

Is Focused Ultrasound Foundation legitimate?

Focused Ultrasound Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Focused Ultrasound Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $509,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,825,082

For more financial information, click here


Official website here: www.fusfoundation.org

What is the mission statement of Focused Ultrasound Foundation?

The Focused Ultrasound Foundation's mission is centered around organizing, conducting, and funding research in the field of focused ultrasound technology. They aim to foster collaboration by hosting meetings, symposiums, and workshops. Moreover, the foundation is committed to cultivating the next generation of professionals through fellowships and internships. Additionally, they collect and disseminate knowledge in this area to accelerate the worldwide adoption of focused ultrasound technology.


Official website here: www.fusfoundation.org

Who is the CEO of Focused Ultrasound Foundation?

Neal F Kassell is the Director, Chairman, President of Focused Ultrasound Foundation.


Official website here: www.fusfoundation.org

What is the revenue of Focused Ultrasound Foundation?

Focused Ultrasound Foundation's revenue in 2022 was $11,598,945.


Official website here: www.fusfoundation.org

Who are the executives of Focused Ultrasound Foundation and what are their salaries?

The average compensation at Focused Ultrasound Foundation during 2022 was $98,782. There are 54 employees and 55 volunteers at Focused Ultrasound Foundation.


Here are 21 key members and their salaries:


Neal F Kassell (Director, Chairman, President)
  • Compensation: $499,931
  • Related: $0
  • Other: $9,220
Eugene V Fife (Dir, Vice-Chairman Until 12/21/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Jordan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederic H Moll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Grisham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Rusckowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Lin Syaru (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William A Hawkins Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Wickliffe Moorman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Shapiro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Beardsley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lincoln (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Milken (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Freda Lewis-Hall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ryder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Woerpel Iii (Cfo)
  • Compensation: $95,229
  • Related: $0
  • Other: $0
Emily White (Director Of Operations)
  • Compensation: $268,642
  • Related: $0
  • Other: $25,389
Timothy Meakem (Chief Medical Officer)
  • Compensation: $264,335
  • Related: $0
  • Other: $41,979
Jessica Foley (Chief Scientific Officer)
  • Compensation: $220,151
  • Related: $0
  • Other: $6,476
Lauren Powlovich (Associate Chief Medical Officer)
  • Compensation: $208,230
  • Related: $0
  • Other: $22,434
Jessica Lukens (Managing Director)
  • Compensation: $195,806
  • Related: $0
  • Other: $5,850


Official website here: www.fusfoundation.org

Where can I find the form 990 for Focused Ultrasound Foundation?

Focused Ultrasound Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fusfoundation.org

Learn more at the official website: www.fusfoundation.org

Mission Statement of Focused Ultrasound Foundation

Focused Ultrasound Foundation is an organization dedicated to advancing the global adoption of focused ultrasound technology. They achieve this mission by conducting, funding, and organizing research in this field. Additionally, they foster collaboration through various events such as meetings, symposia, and workshops. The foundation also plays a role in cultivating the next generation of professionals in this field by offering fellowships and internships. Furthermore, Focused Ultrasound Foundation collects and disseminates knowledge related to focused ultrasound technology, contributing to its widespread adoption.

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Impact




October, 2024

The Focused Ultrasound Foundation significantly accelerates the worldwide adoption of focused ultrasound technology through a multifaceted approach. By organizing, conducting, and funding essential research, it drives innovation and the advancement of this transformative medical technology.

Collaboration is fostered through various meetings, symposia, and workshops that bring together experts, researchers, and practitioners in the field. This environment of knowledge-sharing and partnership facilitates breakthroughs and enhances the application of focused ultrasound across various diseases.

Additionally, the foundation plays a crucial role in cultivating the next generation of professionals in this area through fellowships and internships, ensuring a steady influx of talent and new ideas. By collecting and disseminating knowledge, it lays the groundwork for continued advancements and widespread implementation of focused ultrasound solutions, ultimately aiming to improve patient outcomes and revolutionize treatment protocols.




This information is meant to be a general summary of Focused Ultrasound Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,598,945 (2022)
Expenses
$12,620,729 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $274,060
  • Program Service Revenue: $317,122
  • Gross Receipts: $28,140,537

Assets and Liabilities:

  • Total Assets: $43,272,222
  • Total Liabilities: $1,261,185
  • Net Assets: $42,011,037

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SYMPOSIUM FEES

Revenue

$317,122

Organization Details

Founding Year

2006

Principal Officer

Neal F Kassell

Main Address

1230 CEDARS COURT 206, CHARLOTTESVILLE, VA, 22903

NTEE Category

Code: G9B - Disease

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