Michael Wolk Heart Foundation Inc

Organization Overview

Michael Wolk Heart Foundation Inc is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Wolk Heart Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2021, Michael Wolk Heart Foundation Inc generated $597.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $469.6k during the year ending 08/2021. While expenses have increased by 24.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Michael Wolk Heart Foundation Inc has awarded 94 individual grants totaling $1,196,421. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RESEARCH

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS ARE PROVIDED FOR RESEARCH PROJECTS TO ADVANCE SCIENTIFIC, MEDICAL AND SOCIAL WELFARE KNOWLEDGE IN THE FIELD OF CARDIOVASCULAR MEDICINE


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Board, Officers & Key Employees

Name (title)Compensation
Abby Wolk
Board Member
$2,500
Richard Glazer
Treasurer
$0
Michael Wolk
President
$0
Robert Wolk
Vice President
$0
Edward Bramson
Board Member
$0
Michel Araten
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$212,165
Noncash contributions included in lines 1a–1f $24,220
Total Revenue from Contributions, Gifts, Grants & Similar$212,165
Total Program Service Revenue$0
Investment income $30,640
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $354,260
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $597,065

Grants Awarded

Over the last fiscal year, Michael Wolk Heart Foundation Inc has awarded $421,032 in support to 9 organizations.

Grant RecipientAmount

COLGATE UNIVERSITY

Org PageRecipient Profile

Hamilton, NY

PURPOSE: TO SUPPORT THE MIND, BRAIN AND BEHAVIOR INIATIVE

$396,932

WEILL CORNELL MEDICAL COLLEGE

Org PageRecipient Profile

Ithaca, NY

PURPOSE: TO SUPPORT THE STEPHEN SCHEIDT MEMORIAL LECTURE IN CARDIOLOGY

$10,000

EAST HAMPTON HEALTHCARE FOUNDATION

Org PageRecipient Profile

East Hampton, NY

PURPOSE: TO IMPROVE CARE FOR UNINSURED AND UNDERSERVED

$10,000

NEW YORK CARDIAC CENTER

Org PageRecipient Profile

Tenafly, NJ

PURPOSE: TO SPONSOR RESEARCH AND DEVELOPMENT TO DIAGNOSE AND PREVENT HEART DISEASE AND ASSIST IN TRAINING SCIENTISTS, EDUCATORS, AND PHYSICIANS

$1,000

FRIENDS OF ISRAEL HEART SOCIETY

Org PageRecipient Profile

Fort Lauderdale, FL

PURPOSE: SUPPORT FELLOWSHIP PROGRAMS IN THE UNITED STATES

$1,000

New York, NY

PURPOSE: TO SUPPORT THE ACCESS TO AFFORDABLE HEALTH CARE FOR OLDER ADULTS AND PEOPLE WITH DISABILITIES THROUGH COUNSELING AND ADVOCACY, EDUCATIONAL PROGRAMS, AND PUBLIC POLICY INITIATIVES.

$600
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Michael Wolk Heart Foundation Inc has recieved totaling $48,005.

Awarding OrganizationAmount
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$15,000
Charlton Foundation Inc

Vero Beach, FL

PURPOSE: UNRESTRICTED

$10,000
Peter & Caroline Striano Foundation Inc

new york, NY

PURPOSE: CHARITABLE CONTRIBUTION

$10,000
Hermione Foundation

New York, NY

PURPOSE: TO FURTHER RECIPIENTS' PUBLICLY STATED OBJECTIVES

$5,000
Miller Khoshkish Foundation Tr

New York, NY

PURPOSE: MEDICAL RESEARCH

$5,000
Jeannette Barron Charitable Tr

White Plains, NY

PURPOSE: FOR USE BY THE DONEES FOR THE PURPOSE FOR WHICH THEY DETERMINE

$2,000
View Grant Recipient Profile

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