American College Of Cardiology Foundation
- Assets
- $302.0m
- Revenue
- $120.5m
- Investments
- $0.0
- Employees
- 593
- Location
- Washington, DC
- Founding
- 04/1952
- Data as of
- 12/2021
- EIN
- 13-5641985
Organization Overview
American College Of Cardiology Foundation is located in Washington, DC. The organization was established in 1952. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, American College Of Cardiology Foundation employed 593 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Cardiology Foundation 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 12/2021, American College Of Cardiology Foundation generated $120.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $100.1m during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 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 2017, American College Of Cardiology Foundation has awarded 76 individual grants totaling $3,701,239. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM CARDIOVASCULAR CARE AND IMPROVE HEART HEALTH FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGISTRY PRODUCTS & RESEARCH - RESOURCES FOR MEASURING AND QUANTIFYING OUTCOMES AND IDENTIFY GAPS IN THE DELIVERY OF QUALITY CARDIOVASCULAR PATIENT CARE.
SCIENCE AND QUALITY IMPROVEMENT - DEVELOPMENT OF CLINICAL GUIDELINES, BASED ON MEDICAL LITERATURE, THAT SET STANDARDS OF CARE IN US, SUPPLEMENTED BY TOOLS TO ASSIST PROVIDERS IN DELIVERING THE QUALITY OF CARE OUTLINED IN THE GUIDELINES.
ANNUAL SCIENTIFIC SESSION -HELD ANNUALLY, PROGRAMS INCLUDE REPORTS OF ORININAL INVESTIGATIONS, LECTURES, CORE CURRICULA, PANEL DISUCSSIONS, CLINICAL DEMONSTRATIONS AND SELF-ASSESSMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President | OfficerTrustee | 2.5 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2.5 | $76,750 |
Name Not Listed Immediate Past President | OfficerTrustee | 4.5 | $127,150 |
Name Not Listed President | OfficerTrustee | 2.5 | $0 |
Name Not Listed Bog Chair | OfficerTrustee | 2.5 | $0 |
Name Not Listed Bog Chair - Elect | OfficerTrustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Decorating Co Acc Quality Summit/ Annual Mtg | 12/30/22 | $6,441,944 |
W E Bowers Inc Mechanical, Ems, & Life Safety | 12/30/22 | $1,871,079 |
Cigniti Technologies Ncdr Registry | 12/30/22 | $1,573,714 |
Fionta Incorporated Onecrm Implementation | 12/30/22 | $1,329,423 |
Quality Insights Inc Management, Administrative Support | 12/30/22 | $1,067,170 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,272,997 |
| Investment income | $6,952,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,721,164 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,451,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,791,269 |
| Compensation to disqualified persons | $33,448,356 |
| Other salaries and wages | $1,546,804 |
| Pension plan accruals and contributions | $3,434,442 |
| Other employee benefits | $3,395,538 |
| Payroll taxes | $2,998,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $246,740 |
| Fees for services: Accounting | $180,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,170 |
| Fees for services: Other | $20,230,024 |
| Advertising and promotion | $1,505,968 |
| Office expenses | $99,957 |
| Information technology | $3,152,002 |
| Royalties | $270,345 |
| Occupancy | $0 |
| Travel | $331,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $369,489 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,232,668 |
| Insurance | $346,544 |
| All other expenses | $0 |
| Total functional expenses | $100,135,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,134,099 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,545,120 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $299,551 |
| Investments—publicly traded securities | $165,200,413 |
| Investments—other securities | $0 |
| Investments—program-related | $16,267,148 |
| Intangible assets | $1,144,769 |
| Other assets | $8,698,126 |
| Total assets | $302,010,003 |
| Accounts payable and accrued expenses | $19,800,814 |
| Grants payable | $0 |
| Deferred revenue | $44,318,861 |
| Tax-exempt bond liabilities | $57,197,352 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,788,106 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,425,469 |
| Total liabilities | $147,530,602 |
| Net assets without donor restrictions | $125,677,347 |
| Net assets with donor restrictions | $28,802,054 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $154,479,401 |
Grants Awarded
Over the last fiscal year, American College Of Cardiology Foundation has awarded $868,158 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLAND HOSPITAL CORPORATION PURPOSE: AFC Quality Initiative Award | $41,000 |
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: Educational Grant | $75,000 |
BROOKDALE HOSPITAL MEDICAL CENTER PURPOSE: Educational Award | $41,000 |
CAPITAL HEALTH SYSTEM INC PURPOSE: Quality Initiative Grant | $20,000 |
THE BOARD OF TRUSTEES OF THE LELAND STANFORD PURPOSE: Research Fellowship in CV Disease & Cardiometabolic Disorders | $100,000 |
THE CLEVELAND CLINIC FOUNDATION PURPOSE: ACC/CTR Fellowship Award | $20,000 |