World Federation For Ultrasound In Medicine And Biology Inc
- Assets
- $3.8m
- Revenue
- $796.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 13-3115330
Organization Overview
World Federation For Ultrasound In Medicine And Biology Inc is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Federation For Ultrasound In Medicine And Biology Inc 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 12/2021, World Federation For Ultrasound In Medicine And Biology Inc generated $796.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $412.5k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WORLD FEDERATION FOR ULTRASOUND IN MEDICINE AND BIOLOGY (WFUMB) IS DEDICATED TO THE ADVANCEMENT OF ULTRASOUND BY ENCOURAGING RESEARCH, PROMOTING INTERNATIONAL COOPERATION, DISSEMINATING SCIENTIFIC INFORMATION, AND IMPROVING COMMUNICATION AND UNDERSTANDING IN THE WORLD COMMUNITY USING ULTRASOUND IN MEDICINE AND BIOLOGY. THEREFORE, THE MISSION OF WFUMB IS TO BRING SUSTAINABLE ULTRASOUND PROGRAMS TO THE UNDERSERVED AREAS OF THE WORLD TO IMPROVE GLOBAL HEALTHCARE THROUGH COLLABORATION, COMMUNICATION, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ULTRASOUND IN MEDICINE AND BIOLOGY JOURNAL: WFUMB PUBLISHES ORIGINAL PEER-REVIEWED MANUSCRIPTS ON SIGNIFICANT NOVEL ADVANCES IN CLINICAL DIAGNOSTIC, INTERVENTIONAL AND THERAPEUTIC APPLICATIONS, NEW AND IMPROVED CLINICAL TECHNIQUES, THE PHYSICS, ENGINEERING AND TECHNOLOGY OF ULTRASOUND IN MEDICINE AND BIOLOGY, AND THE INTERACTIONS BETWEEN ULTRASOUND AND BIOLOGICAL SYSTEMS, INCLUDING BIOEFFECTS. EXTENDED CRITICAL REVIEWS OF SUBJECTS OF CONTEMPORARY INTEREST IN THE FIELD ARE ALSO PUBLISHED, IN ADDITION TO OCCASIONAL EDITORIAL ARTICLES, CLINICAL AND TECHNICAL NOTES, BOOK REVEIWS, LETTERS TO THE EDITOR AND A CALENDAR OF FORTHCOMING MEETINGS. IT IS THE AIM OF THE JOURNAL TO MEET THE INFORMATION AND PUBLICATION REQUIREMENTS OF THE CLINICIANS, SCIENTISTS, ENGINEERS AND OTHER PROFESSIONALS WHO CONSTITUTE THE BIOMEDICAL ULTRASONIC COMMUNITY.
COMMITTEES AND LIAISON ACTIVITIES: WFUMB HAS SEVERAL COMMITTEES INCLUDING SAFETY AND EDUCATION. THE SAFETY COMMITTEE PREPARES SAFETY GUIDELINES CONCERNING THE PROPER USE OF ULTRASOUND EQUIPMENT WHICH IS USED BY PRACTITIONERS AND EDUCATORS. THE EDUCATION COMMITTEE DEVELOPS CURRICULUMS FOR MEDICAL EDUCATION AND TRAINNG FOR DEVELOPING COUNTRIES. THE COMMITTEE IS ALSO WORKING ON AN ON-LINE CURRICULUM FOR TRAINING PURPOSES.
EDUCATION PROGRAMS: WFUMB HAS ACCREDITED SEVERAL INTERNATIONAL CENTERS OF EDUCATION, WHICH THROUGH THE EFFORTS OF LOCAL ULTRASOUND SOCIETIES, OFFER ACCREDITED MEDICAL ULTRASOUND EDUCATION PROGRAMS IN DEVELOPING COUNTRIES, WHILE INCREASING THE LOCAL SOCIETY'S EXPERTISE IN EDUCATION. AS PART OF THE PROGRAM, WFUMB PROVIDES QUALIFIED VISITING PROFESSORS TO ENHANCE THESE EDUCATIONAL EXPERIENCES. CENTERS ARE LOCATED IN DHAKA, BANGLADESH; KAMPALA, UGANDA; MIRANDA, VENEZUELA; TIMISORA, ROMANIA; JAKARTA, INDONESIA; ULAANBATAR, MONGOLIA; LOME, TOGO; ADDIS ABABA, ETHIOPIA; LUSAKA, ZAMBIA; LIMA, PERU; HUE CITY, VIETNAM; MANILA, PHILIPPINES; SUVA, FIJI; TIRANA, ALBANIA; CHISINAU, REPUBLIC OF MOLDOVA; KHARTOUM, SUDAN; NAIROBI, KENYA; AND OVIEDO, PARAGUAY. IN GENERAL, EACH IS RESPONSIBLE FOR HOLDING AT LEAST ONE COURSE PER YEAR. WFUMB'S EDUCATION PROJECT PROVIDES FUNDING FOR RENOWNED ULTRASOUND LECTURERS TO SPEAK AT COURSES IN DEVELOPING AND EMERGING REGIONS OF THE WORLD IN COOPERATION WITH A LOCAL ULTRASOUND SOCIETY WITHIN THAT PARTICULAR REGION. WFUMB'S SCHOLARSHIP PROGRAM SUBSIDIZES TRAVEL EXPENSES FOR INDIVIDUALS FROM DEVELOPING COUNTRIES TO VISIT AND TRAIN AT ESTABLISHED ULTRASOUND EDUCATION CENTERS. WFUMB ALSO PROVIDES SPEAKERS TO OTHER INTERNATIONAL EDUCATION COURSES.
WORLD CONGRESS AND SOCIETIES ACTIVITIES:WFUMB VOLUNTEER PARTICIPATION IN MEETINGS OF OTHER MEDICAL SOCIETIES, INCLUDING THE WORLD HEALTH ORGANIZATION MEETING IN GENEVA, THE AMERICAN INSTITUTE OF ULTRASOUND IN MEDICINE FORUM IN BOSTON, THE WORLD GASTROINTESTINAL CONGRESS IN ABU DHABI, AND THE WORLD CONGRESS ON ULTRASOUND IN MEDICAL EDUCATION IN TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Cristina Chammas MD President, 2021 | OfficerTrustee | 5 | $0 |
Leandro Fernandez Vice President 1 | OfficerTrustee | 1 | $0 |
George Condous Vice President 2 | OfficerTrustee | 1 | $0 |
Seung Hyup Kim MD Past President | OfficerTrustee | 3 | $0 |
Sudhir Vinayak MD Secretary | OfficerTrustee | 1 | $0 |
Jacques Abramowicz MD President Elect | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $66,972 |
| 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 | $66,972 |
| Total Program Service Revenue | $253,405 |
| Investment income | $89,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $293,759 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $796,077 |
| 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 | $5,000 |
| 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 | $80,411 |
| Fees for services: Legal | $3,236 |
| Fees for services: Accounting | $22,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233,505 |
| Advertising and promotion | $0 |
| Office expenses | $5,248 |
| Information technology | $20,239 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,003 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,388 |
| All other expenses | $0 |
| Total functional expenses | $412,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,272 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,759 |
| 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 | $3,855 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,368,767 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,849,653 |
| Accounts payable and accrued expenses | $2,924 |
| 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 | $2,924 |
| Net assets without donor restrictions | $3,740,079 |
| Net assets with donor restrictions | $106,650 |
| 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 | $3,849,653 |
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Chicago Association For Research And Education In Science Hines, IL | $11,790,723 | $5,694,956 |
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