Ase Education And Research Foundation Inc
- Assets
- $2.6m
- Revenue
- $412.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 43-1972597
Organization Overview
Ase Education And Research Foundation Inc is located in Durham, NC. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ase Education And Research Foundation 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, Ase Education And Research Foundation Inc generated $412.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $304.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) 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
TO PROVIDE SCHOLARSHIPS FOR THOSE INTERESTED IN THE FIELD OF ECHOCARDIOGRAPHY AND HEALTHCARE AND FUND OTHER CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES RELATED TO THE FIELD OF ECHOCARDIOGRAPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS FOR STUDENTS AND MEMBERS TO PURSUE FURTHER EDUCATION IN THE FIELD OF ECHOCARDIOGRAPHY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vera Rigolin MD Fase Chair | OfficerTrustee | 3 | $0 |
Stephen Little MD Fase Vice Chair | OfficerTrustee | 1 | $0 |
Benjamin Eidem MD Fase Vice Chair | OfficerTrustee | 1 | $0 |
Cynthia Taub MD Fase Treasurer | OfficerTrustee | 1 | $0 |
Carol Mitchell PHD Rdms Rdcs Rvt Treasurer | OfficerTrustee | 1 | $0 |
Robin Wiegerink Mnlp CEO | Officer | 3 | $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 | $305,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,421 |
| Total Program Service Revenue | $0 |
| Investment income | $26,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,193 |
| Net Income from Fundraising Events | $3,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| Grants and other assistance to domestic individuals. | $109,732 |
| Grants and other assistance to Foreign Orgs/Individuals | $45,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,430 |
| Compensation of current officers, directors, key employees. | $72,430 |
| 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 | $0 |
| Fees for services: Legal | $3,505 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,026 |
| Advertising and promotion | $7,776 |
| Office expenses | $67 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,109 |
| Insurance | $1,555 |
| All other expenses | $0 |
| Total functional expenses | $304,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,014 |
| 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 | $779 |
| Net Land, buildings, and equipment | $498 |
| Investments—publicly traded securities | $2,021,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,590,769 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,050 |
| 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 | $1,050 |
| Net assets without donor restrictions | $2,372,486 |
| Net assets with donor restrictions | $217,233 |
| 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 | $2,590,769 |
Grants Awarded
Over the last fiscal year, Ase Education And Research Foundation Inc has awarded $596,397 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, MN PURPOSE: DeepEcho: Echocardiogram Image Normalization using Deep Learning for Detection and Prognostication of Heart Failure. | $200,000 |
Ann Arbor, MI PURPOSE: Bedside Cardiovascular Monitoring of Neonates with Patent Ductus Arteriosus. | $199,897 |
KNIGHT CARDIOVASCULAR INSTITUTE OREGON HEALTH & SCIENCE UNIVERSITY PURPOSE: Echocardiographic Optimization of Ultrasound Septal Reduction for Hypertrophic Cardiomyopathy. | $196,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ase Education And Research Foundation Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |