American College Of Cardiology Foundation
- Assets
- $276.6m
- Revenue
- $122.2m
- Investments
- $8.2m
- Employees
- 527
- Location
- Washington, DC
- Founding
- 04/1952
- Data as of
- 12/2019
- 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 12/2019, American College Of Cardiology Foundation employed 527 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, American College Of Cardiology Foundation generated $122.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $121.1m during the year ending 12/2019. While expenses have increased by 4.3% per year over the past 5 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 26 individual grants totaling $1,550,173. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM CARDIOVASCULAR CARE AND IMPROVE HEART HEALTH.
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.
ANNUAL SCIENTIFIC SESSION AND I2 SUMMIT- THIS MEETING IS HELD ANNUALLY, PROGRAMS INCLUDE REPORTS OF ORIGINAL INVESTIGATIONS, LECTURES, CORE CURRICULA, PANEL DISCUSSIONS, CLINICAL DEMONSTRATIONS AND SELF-ASSESSMENT.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Oetgen Evp | Officer | 50 | $929,383 |
Timothy Attebery CEO | Officer | 50 | $750,000 |
John Brendan Mullen Evp | Officer | 50 | $505,043 |
John Rumsfeld Chief Innovation Officer | Officer | 50 | $420,120 |
Lisa Hix General Counsel | Officer | 40 | $412,226 |
Julia Chang Dvp, Science & Quality | Officer | 50 | $392,089 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Figmd Inc Pinnacle Registry | 12/30/19 | $2,103,034 |
Gavs Technologies Na Inc Laao Registry | 12/30/19 | $1,346,903 |
Quality Insights Inc Audit Services | 12/30/19 | $1,331,448 |
Cigniti Technologies Ncdr Registry | 12/30/19 | $1,730,715 |
Freeman Audio Visual Solutions Annual Meeting | 12/30/19 | $1,902,507 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $194,181 |
| Government grants | $17,436 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,979,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,191,080 |
| Total Program Service Revenue | $94,357,867 |
| Investment income | $516,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,786,577 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,329,017 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,181,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $707,155 |
| Grants and other assistance to domestic individuals. | $71,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,201,106 |
| Compensation of current officers, directors, key employees. | $3,599,487 |
| Compensation to disqualified persons | $34,328,566 |
| Other salaries and wages | $2,234,319 |
| Pension plan accruals and contributions | $3,756,580 |
| Other employee benefits | $3,752,661 |
| Payroll taxes | $3,195,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $470,957 |
| Fees for services: Accounting | $81,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $148,740 |
| Fees for services: Other | $23,588,087 |
| Advertising and promotion | $3,837,631 |
| Office expenses | $223,206 |
| Information technology | $2,996,292 |
| Royalties | $312,513 |
| Occupancy | $1,349,040 |
| Travel | $5,963,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,938,975 |
| Interest | $210,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,051,614 |
| Insurance | $0 |
| All other expenses | $3,006,788 |
| Total functional expenses | $121,073,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,809,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,743,880 |
| 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 | $1,264,418 |
| Net Land, buildings, and equipment | $91,716,644 |
| Investments—publicly traded securities | $116,360,128 |
| Investments—other securities | $8,175,520 |
| Investments—program-related | $15,128,734 |
| Intangible assets | $2,647,325 |
| Other assets | $2,796,159 |
| Total assets | $276,642,652 |
| Accounts payable and accrued expenses | $27,253,054 |
| Grants payable | $0 |
| Deferred revenue | $35,730,887 |
| Tax-exempt bond liabilities | $62,500,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,466,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,009,825 |
| Total liabilities | $166,960,454 |
| Net assets without donor restrictions | $91,116,092 |
| Net assets with donor restrictions | $18,566,106 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $276,642,652 |
Grants Awarded
Over the last fiscal year, American College Of Cardiology Foundation has awarded $701,156 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: SCPC | $125,000 |
Fort Wayne, IN PURPOSE: SCPC | $75,000 |
Indianapolis, IN PURPOSE: SCPC | $75,000 |
Durham, NC PURPOSE: SCPC | $62,761 |
Cincinnati, OH PURPOSE: SCPC | $50,000 |
Cape Girardeau, MO PURPOSE: SCPC | $44,645 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American College Of Cardiology Foundation has recieved totaling $30,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $11,000 |
Valentine Family Foundation Lynchburg, VA PURPOSE: PAMELA DOUGLAS FUND | $8,500 |
Endowment Analysis
| Beg. Balance | $10,364,353 |
| Earnings | $2,228,352 |
| Net Contributions | $100,289 |
| Other Expense | $314,510 |
| Ending Balance | $12,378,484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Cardiology Foundation Washington, DC | $276,642,652 | $122,181,459 |
American Society Of Hematology Inc Washington, DC | $269,921,032 | $90,599,012 |
The Society For Cariovascular Angiography And Interventions Washington, DC | $9,750,042 | $10,884,292 |
Pulmonary Hypertension Association Inc Silver Spring, MD | $19,962,681 | $7,865,980 |
American Society Of Nuclear Cardiology Fairfax, VA | $6,091,117 | $4,489,095 |
Valve Manufacturers Association Of America Washington, DC | $1,386,800 | $1,795,034 |
International Board Of Heart Rhythm Examiners Inc Washington, DC | $2,737,908 | $1,896,353 |
Military Order Of The Purple Heart Of The Usa Springfield, VA | $3,829,714 | $743,495 |
National Forum For Heart Disease Washington, DC | $611,694 | $987,845 |
Stroke Comeback Center Vienna, VA | $192,893 | $745,635 |
Manufacturers Standardization Society Of The Valve & Fittings In Vienna, VA | $2,291,135 | $831,083 |
Cardiac Neurodevelopmental Outcome Collaborative Richmond, VA | $300,795 | $224,395 |