Society Of Diagnostic Medical Sonography
- Assets
- $6.2m
- Revenue
- $5.0m
- Investments
- $498.5k
- Employees
- 20
- Location
- Plano, TX
- Founding
- 11/1972
- Data as of
- 12/2021
- EIN
- 23-7186150
Organization Overview
Society Of Diagnostic Medical Sonography is located in Plano, TX. The organization was established in 1972. 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. As of 12/2021, Society Of Diagnostic Medical Sonography employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Diagnostic Medical Sonography 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 12/2021, Society Of Diagnostic Medical Sonography generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. 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
TO PROMOTE, ADVANCE, AND EDUCATE MEMBERS AND THE MEDICAL COMMUNITY ON DIAGNOSTIC MEDICAL SONOGRAPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY ACHIEVES ITS PURPOSE BY SEEKING THE COOPERATION OF SIMILAR ORGANIZATIONS, INITIATING AND OVERSEEING EDUCATIONAL PROGRAMS, STIMULATING AND ENCOURAGING RESEARCH AND ENCOURAGING PRESENTATION AND PUBLICATION OF SCIENTIFIC PAPERS, COLLECTING AND DISSEMINATING INFORMATION PERTINENT TO THE MEMBERSHIP, PUBLISHING A SCIENTIFIC JOURNAL, AND REVIEWING AND ESTABLISHING POLICIES REGARDING THE PROFESSIONAL STATUS, LEGISLATIVE ACTIVITY, AND WELFARE OF ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Kerns Executive Director | Officer | 60 | $308,309 |
Mary Rodriguez Deputy Executive Director | Officer | 60 | $239,496 |
Scott Farmer Chief Information Officer | Officer | 50 | $176,515 |
Christy Davis Chief Financial Officer | Officer | 50 | $172,201 |
Dwain Starks Chief Learning Officer | 50 | $169,893 | |
Kelly Glassel Stafford Chief Marketing Officer | Officer | 50 | $154,126 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkway Centre Ii & Iii Llc Office Rent | 12/30/21 | $331,358 |
Sage Publications Journal Publisher | 12/30/21 | $219,394 |
Wbt Systems Lms Software | 12/30/21 | $201,351 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,603,819 |
| Investment income | $39,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $211,370 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $98,096 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,007,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,297 |
| 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. | $1,213,259 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,184,862 |
| Pension plan accruals and contributions | $37,796 |
| Other employee benefits | $128,940 |
| Payroll taxes | $154,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,106 |
| Fees for services: Accounting | $32,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,062 |
| Advertising and promotion | $0 |
| Office expenses | $294,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $328,171 |
| Travel | $97,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $495,851 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,861 |
| Insurance | $15,493 |
| All other expenses | $122,204 |
| Total functional expenses | $4,802,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $631,906 |
| Savings and temporary cash investments | $1,456,558 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $215,997 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,099 |
| Prepaid expenses and deferred charges | $166,539 |
| Net Land, buildings, and equipment | $265,955 |
| Investments—publicly traded securities | $2,957,222 |
| Investments—other securities | $498,455 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $756 |
| Total assets | $6,218,487 |
| Accounts payable and accrued expenses | $302,652 |
| Grants payable | $0 |
| Deferred revenue | $2,391,141 |
| 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 | $2,693,793 |
| Net assets without donor restrictions | $3,524,694 |
| 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 | $6,218,487 |
Grants Awarded
Over the last fiscal year, Society Of Diagnostic Medical Sonography has awarded $21,030 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Plano, TX PURPOSE: CHARITABLE DONATION | $14,030 |
Rockville, MD PURPOSE: MSK GRAND CHALLENGE | $7,000 |
Endowment Analysis
| Beg. Balance | $3,478,677 |
| Earnings | $161,025 |
| Ending Balance | $3,639,702 |
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 |
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 |
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 |
International Association Of Medical Regulatory Authorities Inc Euless, TX | $330,630 | $202,170 |
Texas Podiatric Medical Foundation Wimberley, TX | $235,129 | $156,355 |
Austin Black Physicians Association Inc Austin, TX | $138,833 | $0 |