National Board Of Echocardiography Inc
- Assets
- $10.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 56-2000084
Organization Overview
National Board Of Echocardiography Inc is located in Raleigh, NC. The organization was established in 1997. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Board Of Echocardiography Inc 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 12/2022, National Board Of Echocardiography Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 12.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF CARDIOVASCULAR PATIENT CARE BY DEVELOPING AND ADMINISTERING EXAMINATIONS LEADING TO CERTIFICATION OF PHYSICIANS WITH SPECIAL KNOWLEDGE AND EXPERTISE IN ECHOCARDIOGRAPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FUNDS TO OFFER AND ADMINISTER A NATIONAL CERTIFICATION EXAM TO QUALIFIED PHYSICIANS IN GENERAL CARDIAC ULTRASOUND.
PROVIDES FUNDS TO OFFER AND ADMINISTER NATIONAL CERTIFICATION EXAMS IN THE FIELD OF ECHOCARDIOGRAPHY
PROVIDES FUNDS TO OFFER AND ADMINISTER A NATIONAL CERTIFICATION EXAM TO QUALIFIED PHYSICIANS IN PERIOPERATIVE TRANSESOPAGEAL ECHOCARDIOGRAPHY.
PROVIDES RECERTIFICATION EXAMS TO QUALIFIED PHYSICIANS IN ADULT ECHOCARDIOGRAPHY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nova Panebianco MD MPH Facep Director | Trustee | $0 | |
Alina Nicoara MD Fase Director | Trustee | $0 | |
Allan Klein MD Secretary/tr | OfficerTrustee | $0 | |
Arthur Labovitz MD Director | Trustee | $0 | |
Christopher Troianos MD President | OfficerTrustee | $0 | |
Jack S Shanewise MD Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Board Of Medical Examiners Testing Service | 12/30/22 | $1,249,727 |
First Point Management Resources Management Svcs | 12/30/22 | $1,013,431 |
Professional Testing Inc Testing Service | 12/30/22 | $232,633 |
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 | $3,012,866 |
| Investment income | $241,274 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $554,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,809,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,013,431 |
| Fees for services: Legal | $16,057 |
| Fees for services: Accounting | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,231 |
| Fees for services: Other | $175,115 |
| Advertising and promotion | $250,625 |
| Office expenses | $16,362 |
| Information technology | $17,883 |
| 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 | $416,343 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,772 |
| Insurance | $14,011 |
| All other expenses | $579,746 |
| Total functional expenses | $3,904,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,181 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300 |
| 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 | $401,636 |
| Net Land, buildings, and equipment | $5,906 |
| Investments—publicly traded securities | $9,951,188 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,725 |
| Total assets | $10,668,936 |
| Accounts payable and accrued expenses | $196,645 |
| Grants payable | $0 |
| Deferred revenue | $578,370 |
| 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 | $775,015 |
| Net assets without donor restrictions | $9,893,921 |
| 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 | $10,668,936 |
Grants Awarded
Over the last fiscal year, National Board Of Echocardiography Inc has awarded $88,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIETY OF CARDIOVASCULAR ANESTHESI | | | $7,500 |
ASE FOUNDATION | | | $18,800 |
AMERICAN RED CROSS | | | $10,000 |
SANTA FE COLLEGE FOUNDATION | | | $8,000 |
SOCIETY OF CARDIOVASCULAR ANESTHESI | | | $7,500 |
AMERICAN RED CROSS | | | $10,000 |