Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 93-1922612 • 501(c)3 • Rockville, MD
Profile
The image guided therapy research institute supports research advancing minimally invasive technologies and procedures for safely treating challenging medical conditions.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
34th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
22nd percentile
Higher net margin than 22% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Assets
Down$3,456
Down $140,106 (-98%) from 2023
Liabilities
Down$0
Down $56,999 (-100%) from 2023
Net Assets
Down$3,456
Down $83,107 (-96%) from 2023
Revenue
Up$735,000
Up $324,900 (+79%) from 2023
Expenses
Up$818,107
Up $494,570 (+153%) from 2023
Net Income
Down-$83,107
Down $169,670 (-196%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Facts available. Structured filing facts are available, but richer extracted sections are limited. | $0.03 | $0.00 | $0.03 | $7.35 | $8.18 | $0.83 |
| 2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending. | $1.44 | $0.57 | $0.87 | $4.10 | $3.24 | $0.87 |
The image guided therapy research institute supports research advancing minimally invasive technologies and procedures for safely treating challenging medical conditions.
Scientists, engineers, and physicians at igtri perform and support research aimed at advancing medical imaging and minimally invasive technologies.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $143,562 | $3,456 | ▼ $140,106 |
| Total Assets | $143,562 | $3,456 | ▼ $140,106 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $56,999 | - | - |
| Total Liabilities | $56,999 | $0 | ▼ $56,999 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $86,563 | $3,456 | ▼ $83,107 |
| Total Net Assets Fund Balance | $86,563 | $3,456 | ▼ $83,107 |
| Total Liabilities and Net Assets / Fund Balance | $143,562 | $3,456 | ▼ $140,106 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Oleg Udalov Phd | Senior Physicist (1/1-10/1/24) | FT | $148,320 | $148,320 |
| Lamar Mair Phd | President (1/1-9/15/24) | FT | $108,748 | $108,748 |
| Ying Li | Treasurer | - | $17,100 | $17,100 |
| Name | Title |
|---|---|
| Karen Mcgee | President (start 9/16/24) |
| Irving Weinberg | Director |
| Stanley Fricke | Director |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Mike Petrillo | Technical Engineering Consulting | 6055 ASHLEY COURT, Pleasanton, CA 94588 | $128,189 |
| Acuitynano LLC | Technical Engineering Consulting | 5425 WISCONSIN AVE STE 600, Chevy Chase, MD 20815 | $116,804 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $418,891 |
| Other Expenses | $399,216 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $306,223 | $33,000 | - | $339,223 |
| Other Salaries and Wages | $211,021 | $17,879 | - | $228,900 |
| Current Officers, Directors, Trustees, and Key Employees | $115,701 | $10,147 | - | $125,848 |
| Other Employee Benefits | $33,595 | - | - | $33,595 |
| Payroll Taxes | $25,636 | $2,281 | - | $27,917 |
| Other Expenses | $26,700 | - | - | $26,700 |
| Fees for Services Accounting | - | $16,700 | - | $16,700 |
| Office Expenses | $4,645 | $3,585 | - | $8,230 |
| Fees for Services Legal | - | $4,507 | - | $4,507 |
| Travel | $3,491 | - | - | $3,491 |
| Pension Plan Contributions | $2,631 | - | - | $2,631 |
| Insurance | $184 | - | - | $184 |
| Advertising | - | $163 | - | $163 |
| Interest | - | $18 | - | $18 |
| Total Functional Expenses | $729,827 | $88,280 | $0 | $818,107 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The form 990 is prepared by an independent cpa firm and reviewed by the organization's president prior to filing with irs. All board members are informed of the form 990 contents and filing prior to filing.”
“Each director, principal officer and member of a committee with board of directors delegated powers shall sign annually a statement which affirms such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy: (c) has agreed to comply with the policy and (d) understands that the corporation is charitable and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”
“Compensation is addressed by the board during budget reviews. The president is compenstated based on bls information on compensation for a person having the credentials held by the organization president, namely a phd in materials science.”
“Financial statements will be posted to the organization's website after board review. Other government documents and the conflict of interest policy are included in form 1023 (which is publicly available).”
“The image guided therapy research institute (igtri) focuses on research and development of modular systems for diagnosis and image-guided therapy. The objective is to develop modular systems that could eventually replace existing medical imaging and image-guided systems. The newly-developed systems will be less expensive, more compact and more flexible, and do not expose patients to ionizing radiation. Igtri collaborates with the staff of children's national hospital. During 2024, the institute developed an mri using electropermanent magnets modeling and controls, magnetic field measurement and calibration, image reconstruction from inhomogenous magnetic field data, new pulse sequences that are specifically attuned to inhomogenous fields and methods of shrinking the footprint of the system via size reduction of critical components.”
“Consultant: program service expenses 306,223. Management and general expenses 33,000. Fundraising expenses 0. Total expenses 339,223.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | THE IMAGE GUIDED THERAPY RESEARCH INSTITUTE (IGTRI) FOCUSES ON RESEARCH AND DEVELOPMENT OF MODULAR SYSTEMS FOR DIAGNOSIS AND IMAGE-GUIDED THERAPY.SEE SCHEDULE O FOR COMPLETE DESCRIPTION |
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| IRS990/MissionDesc | 0 | THE IMAGE GUIDED THERAPY RESEARCH INSTITUTE SUPPORTS RESEARCH ADVANCING MINIMALLY INVASIVE TECHNOLOGIES AND PROCEDURES FOR SAFELY TREATING CHALLENGING MEDICAL CONDITIONS. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE IMAGE GUIDED THERAPY RESEARCH INSTITUTE (IGTRI) FOCUSES ON RESEARCH AND DEVELOPMENT OF MODULAR SYSTEMS FOR DIAGNOSIS AND IMAGE-GUIDED THERAPY. THE OBJECTIVE IS TO DEVELOP MODULAR SYSTEMS THAT COULD EVENTUALLY REPLACE EXISTING MEDICAL IMAGING AND IMAGE-GUIDED SYSTEMS. THE NEWLY-DEVELOPED SYSTEMS WILL BE LESS EXPENSIVE, MORE COMPACT AND MORE FLEXIBLE, AND DO NOT EXPOSE PATIENTS TO IONIZING RADIATION. IGTRI COLLABORATES WITH THE STAFF OF CHILDREN'S NATIONAL HOSPITAL. DURING 2024, THE INSTITUTE DEVELOPED AN MRI USING ELECTROPERMANENT MAGNETS MODELING AND CONTROLS, MAGNETIC FIELD MEASUREMENT AND CALIBRATION, IMAGE RECONSTRUCTION FROM INHOMOGENOUS MAGNETIC FIELD DATA, NEW PULSE SEQUENCES THAT ARE SPECIFICALLY ATTUNED TO INHOMOGENOUS FIELDS AND METHODS OF SHRINKING THE FOOTPRINT OF THE SYSTEM VIA SIZE REDUCTION OF CRITICAL COMPONENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATION'S PRESIDENT PRIOR TO FILING WITH IRS. ALL BOARD MEMBERS ARE INFORMED OF THE FORM 990 CONTENTS AND FILING PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD OF DIRECTORS DELEGATED POWERS SHALL SIGN ANNUALLY A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY: (C) HAS AGREED TO COMPLY WITH THE POLICY AND (D) UNDERSTANDS THAT THE CORPORATION IS CHARITABLE AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | COMPENSATION IS ADDRESSED BY THE BOARD DURING BUDGET REVIEWS. THE PRESIDENT IS COMPENSTATED BASED ON BLS INFORMATION ON COMPENSATION FOR A PERSON HAVING THE CREDENTIALS HELD BY THE ORGANIZATION PRESIDENT, NAMELY A PHD IN MATERIALS SCIENCE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | FINANCIAL STATEMENTS WILL BE POSTED TO THE ORGANIZATION'S WEBSITE AFTER BOARD REVIEW. OTHER GOVERNMENT DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE INCLUDED IN FORM 1023 (WHICH IS PUBLICLY AVAILABLE). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CONSULTANT: PROGRAM SERVICE EXPENSES 306,223. MANAGEMENT AND GENERAL EXPENSES 33,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 339,223. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 11G |
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