Nonprofit · EIN 20-5744808
FOCUSED ULTRASOUND FOUNDATION
Tax-exempt · CHARLOTTESVLE, VA 22903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $26,574,051 | $15,115,738 | $11,458,313 | $51,401,707 | $1,141,488 | $50,260,219 |
| December 31, 2024 | 990 | $16,634,446 | $15,763,484 | $870,962 | $39,119,092 | $711,673 | $38,407,419 |
| December 31, 2023 | 990 | $8,462,972 | $13,212,794 | -$4,749,822 | $38,894,407 | $1,029,273 | $37,865,134 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $24,730,192
- Program service revenue
- $0
- Investment income
- $1,822,093
- Royalties
- $3,317
- Net gain from sales of assets
- $755,219
- Other revenue
- $21,766
Expenses
- Grants and similar amounts paid
- $4,301,691
- Compensation of officers, directors and key employees
- $596,068
- Other salaries and wages
- $5,713,769
- Salaries, compensation and benefits (total)
- $7,480,580
- Professional fundraising fees
- $0
- Legal fees
- $10,075
- Accounting fees
- $37,900
- Occupancy
- $255,550
- Travel
- $249,094
- Depreciation
- $83,779
- Program services (functional)
- $11,853,181
- Management and general (functional)
- $2,034,732
- Fundraising (functional)
- $1,227,825
Balance sheet and other
- Total assets, start of year
- $39,119,092
- Total assets, end of year
- $51,401,707
- Total liabilities, end of year
- $1,141,488
- Net assets, end of year
- $50,260,219
- Land, buildings and equipment
- $150,282
- Publicly traded securities
- $16,951,404
- Net assets without donor restrictions
- $15,982,020
- Net assets with donor restrictions
- $34,278,199
- Gross receipts
- $26,579,177
- Employees
- 60
- Volunteers
- 48
- Year formed
- 2006
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEAL F KASSELL | PRESIDENT, CHAIRMAN Trustee or director, Officer | 40 | $579,905 | $16,162 |
| TIMOTHY MEAKEM | CHIEF MEDICAL OFFICER Highest-paid employee | 40 | $312,628 | $33,198 |
| CHRETIEN MOONEN | MANAGING DIRECTOR RESEARCH Highest-paid employee | 40 | $283,695 | $12,841 |
| LAUREN HADLEY | ASSOC. DIRECTOR RESEARCH & Highest-paid employee | 40 | $249,583 | $19,478 |
| JOSEPH KILROY | RESEARCH PROGRAM MANAGER Highest-paid employee | 40 | $248,345 | $19,505 |
| JESSICA LUKENS | MANAGING DIRECTOR Highest-paid employee | 40 | $253,002 | $12,876 |
| JOHN GRISHAM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KURT WOERPEL III | CFO, SECRETARY Trustee or director, Officer | 20 | $0 | $0 |
| SYARU LIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM A HAWKINS III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES WICKLIFFE MOORMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT BEARDSLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL LINCOLN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARY SHAPIRO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL MILKEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FREDA LEWIS-HALL | DIRECTOR Trustee or director | 2 | $0 |
| FREDERIC H MOLL | DIRECTOR Trustee or director | 2 | $0 |
| STEVE RUSCKOWSKI | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEAL F KASSELL | PRESIDENT, CHAIRMAN Trustee or director, Officer | 40 | $552,353 | $15,862 |
| TIMOTHY MEAKEM | CHIEF MEDICAL OFFICER Highest-paid employee | 40 | $304,052 | $39,565 |
| EMILY WHITE | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $310,264 | $32,908 |
| CHRETIEN MOONEN | MANAGING DIRECTOR RESEARCH & EDUCATION Highest-paid employee | 40 | $275,897 | $47,502 |
| RICK HAMILTON | CHIEF TECHNOLOGY OFFICER Highest-paid employee | 40 | $261,955 | $36,475 |
| LAUREN HADLEY | ASSOC. DIRECTOR RESEARCH & EDUCATION Highest-paid employee | 40 | $241,537 | $26,819 |
| JOHN GRISHAM | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KURT WOERPEL III | CFO, SECRETARY Trustee or director, Officer | 20 | $0 | $0 |
| SHIRLEY LIN SYARU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM A HAWKINS III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES WICKLIFFE MOORMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT BEARDSLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL LINCOLN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARY SHAPIRO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL MILKEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FREDA LEWIS-HALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FREDERIC H MOLL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVE RUSCKOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEAL F KASSELL | DIRECTOR, CHAIRMAN, PRESIDENT Trustee or director, Officer | 40 | $502,128 | $13,468 |
| TIMOTHY MEAKEM | CHIEF MEDICAL OFFICER Highest-paid employee | 40 | $289,726 | $40,417 |
| EMILY WHITE | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $298,570 | $23,304 |
| RICK HAMILTON | CHIEF TECHNOLOGY OFFICER Highest-paid employee | 40 | $249,547 | $39,410 |
| JESSICA FOLEY | CHIEF SCIENTIFIC OFFICER Highest-paid employee | 40 | $225,593 | $9,553 |
| JESSICA LUKENS | MANAGING DIRECTOR Highest-paid employee | 40 | $221,012 | $8,803 |
| KURT WOERPEL III | CHIEF FINANCIAL OFFICER Officer | 20 | $86,690 | $0 |
| JOHN GRISHAM | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| FREDERIC H MOLL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAN JORDAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVE RUSCKOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHIRLEY LIN SYARU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM A HAWKINS III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES WICKLIFFE MOORMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARY SHAPIRO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT BEARDSLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL LINCOLN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL MILKEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FREDA LEWIS-HALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS RYDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1230 CEDARS CT STE 206, CHARLOTTESVLE, VA 22903-5800
- In care of
- % DEAN M JOHNSON
- Principal officer (990 for 2025)
- NEAL F KASSELL, 1230 CEDARS COURT 206, CHARLOTTESVILLE, VA 22903
- Signed the 990
- KURT WOERPEL III, CFO
- Phone
- (434) 220-4993
- Website
- WWW.FUSFOUNDATION.ORG
- Return prepared by
- KEITER STEPHENS HURST GARY & SHREAVES
Mission
ORGANIZE, CONDUCT, AND FUND RESEARCH, FOSTER COLLABORATION THROUGH MEETINGS, SYMPOSIA AND WORKSHOPS, CULTIVATE THE NEXT GENERATION THROUGH FELLOWSHIPS AND INTERNSHIPS, AND COLLECT AND DISSEMINATE KNOWLEDGE.
Program accomplishments
- ACCELERATION OF THE WORLDWIDE ADOPTION OF FOCUSED ULTRASOUND TECHNOLOGY THROUGH RESEARCH, COLLABORATION, COLLECTION AND DISSEMINATION OF KNOWLEDGE.Expenses $11,853,181 · grants $4,301,691
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5744808
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G9B)
- Assets (IRS master file)
- $51,401,707
- Income (IRS master file)
- $26,579,177
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $26,574,051 | $15,115,738 | $51,401,707 | XML |
| 990 | December 2024 | $16,634,446 | $15,763,484 | $39,119,092 | XML |
| 990 | December 2023 | $8,462,972 | $13,212,794 | $38,894,407 | XML |
| 990 | December 2022 | $11,598,945 | $12,620,729 | $43,272,222 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5744808).
Questions about FOCUSED ULTRASOUND FOUNDATION
- What is the EIN of FOCUSED ULTRASOUND FOUNDATION?
- The employer identification number (EIN) of FOCUSED ULTRASOUND FOUNDATION is 20-5744808.
- Is FOCUSED ULTRASOUND FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to FOCUSED ULTRASOUND FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOCUSED ULTRASOUND FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOCUSED ULTRASOUND FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOCUSED ULTRASOUND FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FOCUSED ULTRASOUND FOUNDATION?
- The 990 for the year ended December 31, 2025 names NEAL F KASSELL.
- Who are the officers and directors of FOCUSED ULTRASOUND FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 18 people; 6 received compensation from the organization, the highest $579,905 (NEAL F KASSELL, PRESIDENT, CHAIRMAN).
- How much revenue does FOCUSED ULTRASOUND FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $26,574,051, expenses of $15,115,738 and total assets of $51,401,707 at year end.
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All nonprofits in CHARLOTTESVLE · Virginia · Voluntary health associations and medical disciplines