Inteleos Foundation FY2023 filing

Tax-deductible

Rockville, MD501(c)(3)Health CareEIN 86-3099013

The inteleos foundation increases access to education, training, and certification to improve patient outcomes and practitioner proficiency.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $76K a year · 27% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$296K
+14% vs prior year
Spent
$177K
To programs
100%
Net assets
$281K
By yearFY2022–FY2024
Revenue
$296K
FY2023▲ +14%
Revenue by fiscal year
FY2022$261K
FY2023$296K
FY2024$267K
Expenses
$177K
FY2023▼ -3%
Expenses by fiscal year
FY2022$183K
FY2023$177K
FY2024$238K
Net assets
$281K
FY2023▲ +74%
Net assets by fiscal year
FY2022$162K
FY2023$281K
FY2024$311K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $177K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
CEO/Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Inteleos Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves patient care by providing education, training, and certification.

Provided by the organization

This section is blank until Inteleos Foundation claims this page.

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1 program service account for $177K of program spending, described in the organization's own filed words · FY2023.
01

The Inteleos Foundation drives initiatives that aim to improve global healthcare through ultrasound education, innovation, and research.

$177Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Inteleos INCFY2024$200K
Total grants receivedfrom 1 funder$200K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$296K
Ln 12
Gifts and grantsLn 1h$296K
Money outPt IX
$177K
Ln 25
Programscol B$177K
Owns and owesPt X
$281K
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$292K
LiabilitiesLn 26$10K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$296K
Total revenueLn 12$296K
Assets in detailPt X, end of year
CashLn 1$205K
Cash and savings togetherLn 1–2$205K
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$69K
Total assetsLn 16$292K
LiabilitiesLn 26$10K
Net assetsLn 32$281K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$205K
Land, buildings, equipmentLn 10c$26K$17K
Total assetsLn 16$162K$292K
LiabilitiesLn 26$0$10K
Net assetsLn 32$162K$281K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$8K$8K
Other salaries and wagesLn 7$133K$133K
Payroll taxesLn 10$10K$10K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$80$80
Information technologyLn 14$4K$4K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$780$780
Depreciation, depletion and amortizationLn 22$8K$8K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$177K$177K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $267K$238K$29K$311K 990 PDF
FY2023 Viewing $296K$177K$119K$281K 990 PDF
FY2022 $261K$183K$78K$162K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $296,461 across 4 lines filed
VIII-1d Related organizations$73,584
VIII-1f All other contributions, gifts and grants$222,877
VIII-1h Total contributions, gifts and grants$296,461
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$296,461
Part IX · Statement of functional expenses $177,067 across 11 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $8,000$8,000
IX-7 Other salaries and wagesPrograms $133,401$133,401
IX-10 Payroll taxesPrograms $9,861$9,861
IX-11g Other fees for servicesPrograms $3,950$3,950
IX-12 Advertising and promotionPrograms $1,144$1,144
IX-13 Office expensesPrograms $80$80
IX-14 Information technologyPrograms $3,960$3,960
IX-17 TravelPrograms $4,563$4,563
IX-19 Conferences, conventions and meetingsPrograms $780$780
IX-22 Depreciation, depletion and amortizationPrograms $8,211$8,211
IX-24 Other expenses (24a–d)Programs $3,117$3,117
IX-25 Total functional expensesPrograms $177,067 · Management $0 · Fundraising $0$177,067
Part X · Balance sheet $291,879 assets, 8 lines filed
X-1 Cash, non-interest-bearing$205,170
X-10c Land, buildings and equipment, netStart of year $25,544$17,333
X-15 Other assetsStart of year $135,287$69,376
X-16 Total assetsStart of year $162,006$291,879
X-17 Accounts payable and accrued expenses$10,479
X-26 Total liabilitiesStart of year $0$10,479
X-32 Total net assets or fund balancesStart of year $162,006$281,400
X-33 Total liabilities and net assetsStart of year $162,006$291,879
Part XI · Reconciliation of net assets $281,400 net assets at year end
XI-1 Total revenue$296,461
XI-2 Total expenses$177,067
XI-3 Revenue less expenses$119,394
XI-4 Net assets at start of year$162,006
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$281,400

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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