Svu Foundation
- Assets
- $86.0k
- Revenue
- $21.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lanham, MD
- Founding
- 08/1979
- Data as of
- 12/2021
- EIN
- 31-0949301
Organization Overview
Svu Foundation is located in Lanham, MD. The organization was established in 1979. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, 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. Svu 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 12/2021, Svu Foundation generated $21.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (45.3%) each year. All expenses for the organization totaled $57.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (37.8%) per year over the past 7 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
PROVIDES CONTINUING EDUCATION FOR PEOPLE IN THE FIELD OF NON-INVASIVE VASCULAR TECHNOLOGY THROUGH CONFERENCES, SYMPOSIA, AND PUBLICATIONS. ESTABLISHES AND MAINTAINS A CENTRAL INFORMATION SOURCE WHICH WILL PROVIDE REFERENCE AND ASSISTANCE IN MATTERS PERTAINING TO THE ART AND SCIENCE OF NON-INVASIVE VASCULAR TECHNOLOGY AND FACILITATES EFFICIENT COOPERATION BETWEEN NON-INVASIVE VASCULAR FACILITIES AND OTHER HEALTH PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAM SERVICES THE FOUNDATION PROVIDES SUPPORT THROUGH SVU'S ANNUAL CONFERENCE, MEMBERSHIP SERVICES, AND OFFERS AWARDS AND SCHOLARSHIP TO INDIVIDUALS ATTENDING THE ANNUAL CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Carson President | OfficerTrustee | 3 | $0 |
Patricia Poe Secretary | OfficerTrustee | 3 | $0 |
Anita Harrington Treasurer | OfficerTrustee | 5 | $0 |
Alan Stiles Interim Executive Director Thru 08/21 | Officer | 5 | $0 |
Carol J Kingeldey Exec Director Start 07/21 | Officer | 5 | $0 |
James Wilkinson Exec Director Thru 01/21 | Officer | 5 | $0 |
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 | $15,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,185 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,885 |
| 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 | $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 | $26,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177 |
| Advertising and promotion | $0 |
| Office expenses | $12,666 |
| Information technology | $70 |
| Royalties | $0 |
| Occupancy | $6,459 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,500 |
| Total functional expenses | $57,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,988 |
| Accounts payable and accrued expenses | $9,203 |
| 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 | $6,970 |
| Total liabilities | $16,173 |
| Net assets without donor restrictions | $69,815 |
| 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 | $85,988 |
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