2025-11-13T14:19:32-06:00 2024-12-31 541631262 KEITER STEPHENS HURST GARY & SHREAVES 4401 DOMINION BLVD GLEN ALLEN VA 23060 990 2024-01-01 205744808 FOCUSED ULTRASOUND FOUNDATION FOCU 4342204993 1230 CEDARS COURT 206 CHARLOTTESVILLE VA 22903 KURT WOERPEL III CFO 4342204993 2025-11-13 1 1 JAYME MIKA P00852731 8047470000 2024 2025-03-06 01:10:19Z NEAL F KASSELL 1230 CEDARS COURT 206 CHARLOTTESVILLE VA 22903 16634446 0 X WWW.FUSFOUNDATION.ORG X 2006 VA 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. 13 12 63 46 0 0 7222527 14808618 3000 0 1233163 1825828 4282 0 8462972 16634446 3144239 5027361 0 0 6907881 7744049 0 0 1339353 3160674 2992074 13212794 15763484 -4749822 870962 38894407 39119092 1029273 711673 37865134 38407419 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. 0 0 12505093 5027361 ACCELERATION OF THE WORLDWIDE ADOPTION OF FOCUSED ULTRASOUND TECHNOLOGY THROUGH RESEARCH, COLLABORATION, COLLECTION AND DISSEMINATION OF KNOWLEDGE. 12505093 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 37 0 1 63 1 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X X KURT WOERPEL III 4342204993 1230 CEDARS COURT 206 CHARLOTTESVILLE VA 22903 NEAL F KASSELL PRESIDENT, CHAIRMAN 40.00 X X 552353 0 15862 JOHN GRISHAM VICE PRESIDENT 2.00 X X 0 0 0 KURT WOERPEL III CFO, SECRETARY 20.00 X X 0 0 0 SHIRLEY LIN SYARU DIRECTOR 2.00 X 0 0 0 WILLIAM A HAWKINS III DIRECTOR 2.00 X 0 0 0 CHARLES WICKLIFFE MOORMAN DIRECTOR 2.00 X 0 0 0 SCOTT BEARDSLEY DIRECTOR 2.00 X 0 0 0 MICHAEL LINCOLN DIRECTOR 2.00 X 0 0 0 GARY SHAPIRO DIRECTOR 2.00 X 0 0 0 MICHAEL MILKEN DIRECTOR 2.00 X 0 0 0 FREDA LEWIS-HALL DIRECTOR 2.00 X 0 0 0 FREDERIC H MOLL DIRECTOR 2.00 X 0 0 0 STEVE RUSCKOWSKI DIRECTOR 2.00 X 0 0 0 RICK HAMILTON CHIEF TECHNOLOGY OFFICER 40.00 X 261955 0 36475 TIMOTHY MEAKEM CHIEF MEDICAL OFFICER 40.00 X 304052 0 39565 EMILY WHITE DIRECTOR OF OPERATIONS 40.00 X 310264 0 32908 LAUREN HADLEY ASSOC. DIRECTOR RESEARCH & EDUCATION 40.00 X 241537 0 26819 CHRETIEN MOONEN MANAGING DIRECTOR RESEARCH & EDUCATION 40.00 X 275897 0 47502 1946058 0 199131 27 0 1 0 0 14808618 857780 14808618 988263 988263 837565 0 837565 837565 837565 16634446 0 0 1825828 2589143 2589143 20500 20500 2417718 2417718 568214 392068 85232 90914 5980049 4104667 1050962 824420 215120 147651 37683 29786 566149 382526 105767 77856 414517 284638 71860 58019 5280 2640 2640 45775 45775 1056381 929498 91523 35360 17247 16902 345 242743 182616 14888 45239 308705 125252 173758 9695 218980 150373 38008 30599 269408 233940 7028 28440 171980 81633 34826 55521 222397 152720 38601 31076 74620 51241 12952 10427 SPONSORSHIPS 146632 146632 BAD DEBT EXPENSE 70942 70942 INTERNET AND TELECOMMUN 45736 31407 7938 6391 COLLABORATION DUES 43500 43500 51748 17828 30950 2970 15763484 12505093 1919038 1339353 11770867 7664861 9374783 10554846 60573 0 94352 197271 905790 758521 309001 147269 16249811 19697416 1035020 857429 38894407 39119092 119426 194736 388327 222131 521520 294806 1029273 711673 X 21779501 19462847 16085633 18944572 37865134 38407419 38894407 39119092 870962 -328677 0 X 0 1 X 1 0 X 30410388 8282574 11006631 7222527 14808618 71730738 30410388 8282574 11006631 7222527 14808618 71730738 36829419 34901319 164170 589203 368795 748561 988263 2858992 161730 14529 166085 4282 346626 74936356 412622 0.46570 0.46630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160359 156793 3566 745431 601728 143703 147269 OPERATING LEASE LIABILITY 294806 294806 X 16475593 -328677 169824 -158853 16634446 0 16634446 15933308 169824 169824 15763484 0 15763484 PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF GUIDANCE SURROUNDING UNCERTAIN INCOME TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NO SIGNIFICANT FINANCIAL STATEMENT EXPOSURE TO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2024 AND 2023. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 74500 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 1658989 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 684230 0 0 0 0 0 0 2417719 0 2417719 EAST ASIA AND THE PACIFIC RESEARCH 50000 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC RESEARCH 20000 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 29850 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 82345 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 298650 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 66888 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 63037 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 17832 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 46349 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 66400 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 14280 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 465618 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 20000 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 92930 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 50000 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 74396 WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 260913 WIRE TRANSFER 0 NORTH AMERICA RESEARCH 29474 WIRE TRANSFER 0 NORTH AMERICA RESEARCH 609061 WIRE TRANSFER 0 NORTH AMERICA RESEARCH 11695 WIRE TRANSFER 0 NORTH AMERICA RESEARCH 20000 WIRE TRANSFER 0 NORTH AMERICA RESEARCH 10000 WIRE TRANSFER 0 23 0 RESEARCH EUROPE (INCLUDING ICELAND & GREENLAND) 5 9500 WIRE TRANSFER RESEARCH EAST ASIA AND THE PACIFIC 3 4500 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION REQUIRES ALL NON-CLINICAL AWARDS TO FOLLOW CONTRACTUALLY SCHEDULED MILESTONES AND SUBMIT DELIVERABLES IN REPORT FORMAT, INCLUDING DATA AND RESULTS, TO MEET THE REQUIREMENTS FOR THE RELEASE OF FUNDING. ALL CLINICAL TRIALS AWARDS ARE REQUIRED TO SUBMIT REGULARLY SCHEDULED PROGRESS REPORTS AND INVOICE ACCORDING TO THE CONTRACTUALLY AGREED UPON BUDGET. ALL SUBMISSIONS FROM THE AWARDEES ARE INTERNALLY REVIEWED FOR ACCURACY AND SUBSTANCE PRIOR TO THE RELEASE OF FUNDING. ALL AWARDS ARE REQUIRED TO SUBMIT EITHER A FINAL REPORT AND/OR A PUBLICATION READY MANUSCRIPT BEFORE THE FINAL FUNDING INSTALLMENTS ARE RELEASED. 1 ACOUSTIIC INC 2021 130TH AVE NE C BELLEVUE WA 98005 814450560 501(C)(3) 500000 0 RESEARCH AMERICAN SOCIETY OF GENE AND CELL THERAPY 20800 SWENSON DR SUITE 300 WAUKESHA WI 53186 911766321 501(C)(3) 100000 0 RESEARCH ARIZONA STATE UNIVERSITY 660 SOUTH MILL AVENUE SUITE 204 TEMPE AZ 85281 860196696 501(C)(3) 12000 0 RESEARCH AUBURN UNIVERSITY 211 INGRAM HALL AUBURN UNIVERSITY AL 36849 636000724 501(C)(3) 40000 0 RESEARCH BOSTON UNIVERSITY 595 COMMONWEALTH AVE SUITE 700 BOSTON MA 02215 042103547 501(C)(3) 40000 0 RESEARCH BRIGHAM & WOMEN'S HOSPITAL 75 FRANCIS ST BOSTON MA 02115 042312909 501(C)(3) 129000 0 RESEARCH CARNEGIE MELLON UNIVERSITY 5000 FORBES AVE PITTSBURGH PA 15213 250969449 501(C)(3) 40000 0 RESEARCH CHILDREN'S RESEARCH 111 MICHIGAN AVENUE NW WASHINGTON DC 20010 521654453 501(C)(3) 77920 0 RESEARCH CHILDREN'S TUMOR FOUNDATION 132 E 43RD ST SUITE 418 NEW YORK NY 10017 132298956 501(C)(3) 23946 0 RESEARCH COLUMBIA UNIVERSITY 615 W 131ST ST MC841 NEW YORK NY 10027 135598093 501(C)(3) 224231 0 RESEARCH GEORGIA TECH RESEARCH CORP 926 DALNEY ST NW ATLANTA GA 30332 580603146 501(C)(3) 25000 0 RESEARCH JOHNS HOPKINS UNIVERSITY 3400 N CHARLES ST BALTIMORE MD 21218 520595110 501(C)(3) 4000 0 RESEARCH MIAMI CHILDREN'S HEALTH SYSTEM 3100 SW 62ND AVE MIAMI FL 33155 453481327 501(C)(3) 69475 0 RESEARCH NAVITAS CLINICAL RESEARCH INC 11300 ROCKVILLE PIKE SUITE 500 ROCKVILLE MD 20852 521485172 501(C)(3) 51858 0 RESEARCH PENNSYLVANIA STATE UNIVERSITY 201 OLD MAIN UNVERSITY PARK PA 16802 246000376 501(C)(3) 26000 0 RESEARCH SLOAN KETTERING INSTITUTE FOR CANCER RESEARCH 1275 YORK AVENUE NEW YORK NY 10065 131624182 501(C)(3) 10500 0 RESEARCH STANFORD UNIVERSITY 3150 PORTER DR PALO ALTO CA 94304 941156365 501(C)(3) 98000 0 RESEARCH THOMAS JEFFERSON UNIVERSITY 833 CHESTNUT ST SUITE 900 PHILADELPHIA PA 19107 231352294 501(C)(3) 30000 0 RESEARCH UNIVERSITY OF ARIZONA 845 N PARK AVE RM 538 TUCSON AZ 85721 742652689 501(C)(3) 20000 0 RESEARCH UNIVERSITY OF CALIFORNIA SAN FRANCISCO 490 ILLINOIS ST 4TH ST 4TH FLOOR SAN FRANCISCO CA 94143 946036493 501(C)(3) 321917 0 RESEARCH UNIVERSITY OF MARYLAND BALTIMORE 620 W LEXINGTON ST 4TH FL BALTIMORE MD 21201 526002033 501(C)(3) 117908 0 RESEARCH UNIVERSITY OF MICHIGAN 3003 S STATE ST ANN ARBOR MI 48109 386006309 501(C)(3) 253832 0 RESEARCH UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 104 AIRPORT DR SUITE 2299 CHAPEL HILL NC 27599 566001393 501(C)(3) 12670 0 RESEARCH UNIVERSITY OF PENNSYLVANIA 3451 WALNUT ST PHILADELPHIA PA 19104 231352685 501(C)(3) 5000 0 RESEARCH UNIVERSITY OF PITTSBURGH 200 S CRAIG ST SUITE 230 PITTSBURGH PA 15260 250965591 501(C)(3) 102500 0 RESEARCH UNIVERSITY OF UTAH 201 PRESIDENTS CIR ROOM 411 SALT LAKE CITY UT 84112 876000525 501(C)(3) 20000 0 RESEARCH UNIVERSITY OF WASHINGTON 4333 BROOKLYN AVE NE BOX 357472 SEATTLE WA 98195 916001537 501(C)(3) 94214 0 RESEARCH VANDERBILT UNIVERSITY 110 21ST AVE S NASHVILLE TN 37203 620476822 501(C)(3) 20000 0 RESEARCH VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY 300 TUNER ST NW NORTH END CENTER SUITE 4200 BLACKSBURG VA 24061 546001805 501(C)(3) 74172 0 RESEARCH WASHINGTON UNIVERSITY IN ST LOUIS 700 ROSEDALE AVE ST LOUIS MS 63112 430653611 501(C)(3) 15000 0 RESEARCH WILLIAM MARSH RICE UNIVERSITY 6100 MAIN ST HOUSTON TX 77005 741109620 501(C)(3) 30000 0 RESEARCH 31 31 RESEARCH 9 20500 PART I, LINE 2: THE ORGANIZATION REQUIRES ALL NON-CLINICAL AWARDS TO FOLLOW CONTRACTUALLY SCHEDULED MILESTONES AND SUBMIT DELIVERABLES IN REPORT FORMAT, INCLUDING DATA AND RESULTS, TO MEET THE REQUIREMENTS FOR THE RELEASE OF FUNDING. ALL CLINICAL TRIALS AWARDS ARE REQUIRED TO SUBMIT REGULARLY SCHEDULED PROGRESS REPORTS AND INVOICE ACCORDING TO THE CONTRACTUALLY AGREED UPON BUDGET. ALL SUBMISSIONS FROM THE AWARDEES ARE INTERNALLY REVIEWED FOR ACCURACY AND SUBSTANCE PRIOR TO THE RELEASE OF FUNDING. ALL AWARDS ARE REQUIRED TO SUBMIT EITHER A FINAL REPORT AND/OR A PUBLICATION READY MANUSCRIPT BEFORE THE FINAL FUNDING INSTALLMENTS ARE RELEASED. X 1 1 X X 0 0 0 0 0 0 0 0 0 NEAL F KASSELL PRESIDENT, CHAIRMAN 552353 0 0 0 0 0 13786 0 2076 0 568215 0 0 0 TIMOTHY MEAKEM CHIEF MEDICAL OFFICER 304052 0 0 0 0 0 12200 0 27365 0 343617 0 0 0 EMILY WHITE DIRECTOR OF OPERATIONS 310264 0 0 0 0 0 12480 0 20428 0 343172 0 0 0 CHRETIEN MOONEN MANAGING DIRECTOR RESEARCH & EDUCATI 275897 0 0 0 0 0 18302 0 29200 0 323399 0 0 0 RICK HAMILTON CHIEF TECHNOLOGY OFFICER 261955 0 0 0 0 0 10920 0 25555 0 298430 0 0 0 LAUREN HADLEY ASSOC. DIRECTOR RESEARCH & EDUCATION 241537 0 0 0 0 0 9728 0 17091 0 268356 0 0 0 PART I, LINE 1A TAXABLE EMPLOYER-SPONSORED GYM PROGRAM OFFERED TO ALL EMPLOYEES THROUGH LOCAL GYM (ACAC). THIS GYM BENEFIT IS INCLUDED IN EMPLOYEE WAGES. PART I, LINE 1A TAXABLE EMPLOYER-SPONSORED GYM PROGRAM OFFERED TO ALL EMPLOYEES THROUGH LOCAL GYM (ACAC). THIS GYM BENEFIT IS INCLUDED IN EMPLOYEE WAGES. X 857780 NYSE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE TAX RETURN IS REVIEWED AND APPROVED BY BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. STANDARDS AND PROCEDURES: (A) THE BOARD OF DIRECTORS SHALL DETERMINE BY MAJORITY VOTE, WHETHER THE DISCLOSURE SHOWS THAT A CONFLICT OF INTERESTS EXISTS OR CAN REASONABLE BE CONSTRUED TO EXIST. (B) THE BOARD OF DIRECTORS MAY REQUEST THE PERSON TO PROVIDE FACTUAL INFORMATION REGARDING THE POTENTIAL OR ACTUAL CONFLICT OF INTERESTS AND SUCH PROPOSED CONTRACT, TRANSACTION, OR ARRANGEMENT. (C) IF DEEMED APPROPRIATE, THE BOARD OF DIRECTORS MAY APPOINT A NON-INTERESTED PERSON OR COMMITTEE OF SUBCOMMITTEE TO INVESTIGATE ALTERNATIVES TO SUCH PROPOSED CONTRACT, TRANSACTION, OR ARRANGEMENT. (D) IF A CONFLICT OF INTEREST IS DEEMED TO EXIST, THE PERSON HAVING THE CONFLICT OF INTERESTS SHALL NOT PARTICIPATE OR ATTEND, VOTE ON, OR USE HIS OR HER PERSONAL INFLUENCE IN CONNECTION WITH THE DISCUSSIONS, DELIBERATIONS, OR VOTE WITH RESPECT TO SUCH CONTRACT, TRANSACTION, ARRANGEMENT, OR RELATED MATTERS AFFECTING THE FOUNDATION. (E) AT ANY MEETING OF THE BOARD OF DIRECTORS WHERE SUCH CONTRACT, TRANSACTION, ARRANGEMENT, OR RELATED MATTERS ARE UNDER DISCUSSION OR ARE BEING VOTED UPON, A QUORUM IS PRESENT IF A MAJORITY OF DIRECTORS WHO HAVE NO DIRECT OR INDIRECT PERSONAL INTEREST IN SUCH CONTRACT, TRANSACTION, OR ARRANGEMENT PARTICIPATE IN THE VOTE HELD TO AUTHORIZE, APPROVE, OR RATIFY SUCH CONTRACT, TRANSACTION, OR ARRANGEMENT. (F) IN ORDER TO APPROVE SUCH CONTRACT, TRANSACTION, OR ARRANGEMENT, THE BOARD OF DIRECTORS MUST FIRST FIND, BY MAJORITY VOTE WITHOUT COUNTING THE VOTE OF THE INTERESTED DIRECTOR OR DIRECTORS, THAT (I) THE PROPOSED CONTRACT, TRANSACTION, OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT: AND (II) THE PROPOSED CONTRACT, TRANSACTION, OR ARRANGEMENT IS FAIR AND REASONABLE TO THE FOUNDATION. (G) THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE, THE PERSONS PRESENT FOR THE DISCUSSION AND VOTE, THE CONTENT OF THE DISCUSSION, THE VOTE THEREON (INCLUDING ANY ROLL CALL), AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING AND PARTICIPATION, AND THAT A QUORUM WAS PRESENT. THE FOUNDATION SHALL KEEP MINUTES OF THE DISCUSSIONS AND DELIBERATIONS AS PART OF THE MINUTES OF THE FOUNDATION. CORRECTIVE AND DISCIPLINARY ACTION: THE VIOLATION OF THIS CONFLICTS OF INTEREST POLICY IS A SERIOUS MATTER AND MAY CONSTITUTE "CAUSE" FOR REMOVAL OR TERMINATION OF A DIRECTOR, OFFICER, OR EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15A AN INDEPENDENT SALARY ASSESSMENT IS OBTAINED AND THE BOARD APPOINTED COMPENSATION COMMITTEE APPROVES THE COMPENSATION FOR THIS INDIVIDUAL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE, CHARITY NAVIGATOR, GUIDESTAR, AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).