Civic Intelligence

Ase Education and Research Foundation Inc

EIN 43-1972597 • 501(c)3 • Durham, NC

Profile

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.

2530 Meridian Parkway No 450Durham, NC 27713
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T30 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T30 • $1M-$5M nonprofits • Source year 2024

Net Margin

45th percentile

3.2%

Higher net margin than 45% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$294,563

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 61.9% of source-year revenue.

NTEE T30 • $1M-$5M nonprofits • Source year 2024

Asset Growth

48th percentile

7.9%

Faster asset growth than 48% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

90%

Faster revenue growth than 81% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,049,277

Up $224,497 (+7.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$3,049,277

Up $224,497 (+7.9%) from 2023

Revenue

Up

$475,571

Up $224,885 (+90%) from 2023

Expenses

Up

$460,377

Up $153,038 (+50%) from 2023

Net Income

Up

$15,194

Up $71,847 (+127%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $594,212Liabilities 2011: $800Net Assets 2011: $593,4122011Assets 2012: $716,525Liabilities 2012: $5,091Net Assets 2012: $711,4342012Assets 2013: $850,909Liabilities 2013: $910Net Assets 2013: $849,9992013Assets 2014: $1,040,204Liabilities 2014: $1,875Net Assets 2014: $1,038,3292014Assets 2015: $1,187,414Liabilities 2015: $93,855Net Assets 2015: $1,093,5592015Assets 2016: $1,389,453Liabilities 2016: $3,070Net Assets 2016: $1,386,3832016Assets 2017: $1,658,478Liabilities 2017: $72,766Net Assets 2017: $1,585,7122017Assets 2018: $1,685,136Liabilities 2018: $68,612Net Assets 2018: $1,616,5242018Assets 2019: $1,900,563Liabilities 2019: $72,051Net Assets 2019: $1,828,5122019Assets 2020: $2,355,439Liabilities 2020: $44,366Net Assets 2020: $2,311,0732020Assets 2021: $2,590,769Liabilities 2021: $1,050Net Assets 2021: $2,589,7192021Assets 2022: $2,562,835Liabilities 2022: $0Net Assets 2022: $2,562,8352022Assets 2023: $2,824,780Liabilities 2023: $0Net Assets 2023: $2,824,7802023Assets 2024: $3,049,277Liabilities 2024: $0Net Assets 2024: $3,049,2772024

Highlighted filing

2024

Assets$3,049,277
Liabilities$0
Net Assets$3,049,277

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $359,811Expenses 2011: $327,572Net Income 2011: $32,2392011Revenue 2012: $297,428Expenses 2012: $193,376Net Income 2012: $104,0522012Revenue 2013: $380,800Expenses 2013: $273,981Net Income 2013: $106,8192013Revenue 2014: $523,695Expenses 2014: $331,144Net Income 2014: $192,5512014Revenue 2015: $415,583Expenses 2015: $320,126Net Income 2015: $95,4572015Revenue 2016: $449,714Expenses 2016: $195,161Net Income 2016: $254,5532016Revenue 2017: $359,418Expenses 2017: $273,906Net Income 2017: $85,5122017Revenue 2018: $415,934Expenses 2018: $270,727Net Income 2018: $145,2072018Revenue 2019: $976,606Expenses 2019: $927,060Net Income 2019: $49,5462019Revenue 2020: $699,037Expenses 2020: $159,169Net Income 2020: $539,8682020Revenue 2021: $412,522Expenses 2021: $304,472Net Income 2021: $108,0502021Revenue 2022: $539,644Expenses 2022: $204,640Net Income 2022: $335,0042022Revenue 2023: $250,686Expenses 2023: $307,339Net Income 2023: -$56,6532023Revenue 2024: $475,571Expenses 2024: $460,377Net Income 2024: $15,1942024

Highlighted filing

2024

Revenue$475,571
Expenses$460,377
Net Income$15,194

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.00$3.05$0.48$0.46$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.00$2.82$0.25$0.31$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.00$2.56$0.54$0.20$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$0.00$2.59$0.41$0.30$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$0.04$2.31$0.70$0.16$0.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.07$1.83$0.98$0.93$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.07$1.62$0.42$0.27$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.07$1.59$0.36$0.27$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$0.45$0.20$0.25
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.09$1.09$0.42$0.32$0.10
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.00$1.04$0.52$0.33$0.19
2013Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$0.38$0.27$0.11
2012Summary only. Only limited summary data is available for this year.$0.72$0.01$0.71$0.30$0.19$0.10
2011Summary only. Only limited summary data is available for this year.$0.59$0.00$0.59$0.36$0.33$0.03
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 8, 2019
Return Version
2018v3.1
Gross Receipts
$511,534
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,169,883$1,078,377▼ $91,506
Cash and Non-Interest-Bearing Accounts$391,750$587,504▲ $195,754
Land, Buildings, and Equipment, Net$4,479$8,413▲ $3,934
Pledges and Grants Receivable-$5,000-
Prepaid Expenses and Deferred Charges$3,297$3,227▼ $70
Accounts Receivable$89,069$2,615▼ $86,454
Total Assets$1,658,478$1,685,136▲ $26,658
Liabilities
Deferred Revenue$52,812$60,000▲ $7,188
Accounts Payable and Accrued Expenses$19,954$8,612▼ $11,342
Total Liabilities$72,766$68,612▼ $4,154
Net Assets / Fund Balance
Unrestricted Net Assets$1,585,712$1,579,895▼ $5,817
Temporarily Rstr Net Assets-$36,629-
Total Net Assets Fund Balance$1,585,712$1,616,524▲ $30,812
Total Liabilities and Net Assets / Fund Balance$1,658,478$1,685,136▲ $26,658

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,413$65,125$73,538
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Andrea Van HoeverDeputy DirectorPT$107,638$107,638
Vera H Rigolin Md FaseImmediate Past President-$27,500$27,500
Jonathan Lindner Md FasePresident-$27,000$27,000
James Thomas Md FasePast President-$3,500$3,500
Stephen H Little Md FaseBoard Member-$2,500$2,500
G Burkhard Mackensen Md PhdBoard Member-$1,500$1,500
Revenue and Support

Revenue Composition

Contributions and Grants
$271,261
Program Service Revenue
$70,052
Investment Income
$55,694
Other Revenue
$18,927
All Other Contributions
$195,462
Change in Net Assets
$145,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,243
Grants and Similar Amounts Paid$79,563
Salaries, Compensation, and Employee Benefits$57,921
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$79,563--$79,563
Other Salaries and Wages-$57,921-$57,921
Advertising-$17,036-$17,036
Fees for Services Accounting-$11,316-$11,316
Fees for Services Other-$4,516-$4,516
Other Expenses-$3,902-$3,902
Depreciation Depletion-$1,790-$1,790
Travel-$940-$940
Office Expenses-$742-$742
Total Functional Expenses$79,563$191,164$0$270,727
International Activity

International Summary

Offices
0
Employees
0
Spending
$21,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServiceMedical Missions to Vietnam00$13,000
Central America and the CaribbeanProgram ServiceMedical Missions to Mexico00$8,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$96,471
Fundraising Direct Expenses$77,544
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala Event$172,270$96,471$6,051$90,420
Total Events$172,270$96,471$77,544$18,927
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The American Society of Echocardiography serves as the primary member for the Foundation.

Form 990, Part VI, Section A, line 7A

ASE appoints the board members for the Foundation.

Form 990, Part VI, Section B, line 11B

After the return is prepared by an independent certified public accountant, it is provided to the chief executive officer. The ceo will review and sign the return. The ceo will make the 990 available to the treasurer and controller prior to filing the return. The 990 is then distributed to all board members after the return is filed.

Form 990, Part VI, Section B, line 12C

Each year appointees to volunteer positions are asked to fill out a conflict of interest form upon their invitation for the volunteer appointment. They are not accepted as volunteers until the completed form has been received in the headquarter's office. These forms are kept on file.

Form 990, Part VI, Section C, line 19

GOVERNING DOCUMENTS, POLICIES, AND 990s ARE MADE AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
ASE Education and Research
EIN
43-1972597
Phone
9192977165
Address
2530 Meridian Parkway No 450, Durham, NC 27713

Signing Officer

Name
Robin L Wiegerink
Title
CEO
Phone
9192977164
Signed
2019-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robin L Wiegerink
Formed
2002
Legal Domicile
Nc
Voting Board Members
22
Independent Board Members
20
Employees
0
Volunteers
54

Preparer

Firm
Stancil PC
Address
4909 Windy Hill Drive, Raleigh, NC 27609
Preparer
Nicholas Lombardi Jr
Phone
9198721260
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Foundation is a not-for-profit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The Foundation has evaluated their income tax positions and has determined that they have no uncertain tax positions. The Foundation is not currently under examination by the Internal Revenue Service or the State of North Carolina.

Raw XML AppendixShowing 400 of 735 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt019954
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08612
IRS990/AccountsReceivableGrp/BOYAmt089069
IRS990/AccountsReceivableGrp/EOYAmt02615
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt017036
IRS990/AdvertisingGrp/TotalAmt017036
IRS990/AllOtherContributionsAmt0195462
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ROBIN WIEGERINK
IRS990/BooksInCareOfDetail/PhoneNum09192977164
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02530 Meridian Parkway No 450
IRS990/BooksInCareOfDetail/USAddress/CityNm0Durham
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027713
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IRS990/CollectionsOfArtInd00
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IRS990/CreditCounselingInd00
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IRS990/CYRevenuesLessExpensesAmt0145207
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0415934
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt052812
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01790
IRS990/DepreciationDepletionGrp/TotalAmt01790
IRS990/Desc0SCHOLARSHIPS AND GRANTS FOR STUDENTS AND MEMBERS TO PURSUE FURTHER EDUCATION IN THE FIELD OF ECHOCARDIOGRAPHY.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
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IRS990/Form990PartVIISectionAGrp/PersonNm1MADHAV SWAMINATHAN MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm2JUDY W HUNG MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm3CAROL MITCHELL PHD RDMS RDCS RVT
IRS990/Form990PartVIISectionAGrp/PersonNm4ELIZABETH MCILWAIN MPH RCS FASE
IRS990/Form990PartVIISectionAGrp/PersonNm5WYMAN W LAI MD MPH RSC FASE
IRS990/Form990PartVIISectionAGrp/PersonNm6VERA H RIGOLIN MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm7BONITA ANDERSON MAPPISC DMU AMS F
IRS990/Form990PartVIISectionAGrp/PersonNm8KEITH COLLINS MS RDCS FASE
IRS990/Form990PartVIISectionAGrp/PersonNm9GREGORY ENSING MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm10ALAN FINLEY MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm11EDWARD GILL MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm12JAMES KIRKPATRICK MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm13GEOFFREY ROSE MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm14LIZA SANCHEZ RCS FASE
IRS990/Form990PartVIISectionAGrp/PersonNm15JAMES THOMAS MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm16DAVID WIENER MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm17JAYASHRI R ARAGAM MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm18AAMER M JOHRI MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm19G BURKHARD MACKENSEN MD PHD
IRS990/Form990PartVIISectionAGrp/PersonNm20MICHAEL L MAIN MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm21ELAINE A SHEA ACS RCS RCCS
IRS990/Form990PartVIISectionAGrp/PersonNm22BENJAMIN W EIDEM MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm23SUE D PHILLIP RCS FASE
IRS990/Form990PartVIISectionAGrp/PersonNm24ALLAN KLEIN MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm25FEDERICO ASCH MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm26RAYMOND STAINBACK MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm27STEPHEN H LITTLE MD FASE
IRS990/Form990PartVIISectionAGrp/PersonNm28MARYELLEN H ORSINELLI RN RDCS
IRS990/Form990PartVIISectionAGrp/PersonNm29ROBIN WIEGERINK MNPL
IRS990/Form990PartVIISectionAGrp/PersonNm30ANDREA VAN HOEVER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5COUNCIL REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt6IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt30DEPUTY DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
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IRS990/GrantToRelatedPersonInd00
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IRS990/IncludeFIN48FootnoteInd01
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0742
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER AWARDS
IRS990/OtherExpensesGrp/Desc1MEDICAL MISSIONS
IRS990/OtherExpensesGrp/Desc2OTHER SUPPORT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt063328

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