Cvpath Institute Inc
- Assets
- $16.8m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 65
- Location
- Gaithersburg, MD
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-4903376
Organization Overview
Cvpath Institute Inc is located in Gaithersburg, MD. The organization was established in 2007. 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. As of 12/2021, Cvpath Institute Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cvpath Institute 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 12/2021, Cvpath Institute Inc generated $13.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $10.6m during the year ending 12/2021. While expenses have increased by 3.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT TRANSLATIONAL "BENCH TO BEDSIDE" RESEARCH. TO PROVIDE CONSULTATION, HISTOLOGY, AND DIAGNOSTIC SERVICES TO PROMOTE DISCOVERIES TOWARDS ADVANCING TREATMENTS FOR CARDIOVASCULAR DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL RESEARCH: CONDUCT RESEARCH IN CONJUNCTION WITH GOVERNMENT AND COMMERCIAL COLLABORATORS TO FURTHER ADVANCEMENTS IN HUMAN HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aloke Finn MD Treasurer & Medical Director | OfficerTrustee | 40 | $463,189 |
Renu Virmani Finn MD President | OfficerTrustee | 40 | $459,366 |
Maria Romero MD Chief Of Anatomic Pathology | 40 | $215,102 | |
Frank Kolodgie PHD Associate Director | 40 | $189,899 | |
Russell Jones Senior Research Associate | 40 | $112,684 | |
Robert Kutys Ms Senior Pathologist Assistant | 40 | $112,537 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medstar Health Research Institute Laboratory Research | 12/30/21 | $348,899 |
Charles River Laboratories Laboratory Research | 12/30/21 | $1,936,849 |
Synchrony Labs Llc Laboratory Research | 12/30/21 | $299,595 |
University Of Colorado Laboratory Research | 12/30/21 | $349,058 |
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 | $208,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,606 |
| Total Program Service Revenue | $10,607,983 |
| Investment income | $220,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,196,936 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,233,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $993,130 |
| Compensation of current officers, directors, key employees. | $89,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,550,702 |
| Pension plan accruals and contributions | $182,137 |
| Other employee benefits | $422,543 |
| Payroll taxes | $273,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,658 |
| Fees for services: Accounting | $32,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,980 |
| Fees for services: Other | $2,452,757 |
| Advertising and promotion | $0 |
| Office expenses | $194,122 |
| Information technology | $91,261 |
| Royalties | $0 |
| Occupancy | $816,609 |
| Travel | $13,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,327 |
| Interest | $4,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $420,600 |
| Insurance | $127,380 |
| All other expenses | $0 |
| Total functional expenses | $10,604,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,223,622 |
| Savings and temporary cash investments | $11,015 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,661,615 |
| 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 | $353,925 |
| Net Land, buildings, and equipment | $1,309,771 |
| Investments—publicly traded securities | $12,191,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,751,910 |
| Accounts payable and accrued expenses | $735,924 |
| Grants payable | $0 |
| Deferred revenue | $227,783 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $132,958 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,389 |
| Total liabilities | $1,164,054 |
| Net assets without donor restrictions | $15,587,856 |
| Net assets with donor restrictions | $0 |
| 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 | $16,751,910 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cvpath Institute Inc has recieved totaling $161,469.
| Awarding Organization | Amount |
|---|---|
Leducq Foundation For Cardiovascular Research Houston, TX PURPOSE: GENERAL SUPPORT | $161,469 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cvpath Institute Inc Gaithersburg, MD | $16,751,910 | $13,233,897 |
Heart Failure Society Of America Inc Rockville, MD | $8,199,366 | $5,992,766 |
Cardiovascular Medical Research And Education Fund Inc Philadelphia, PA | $1,947,304 | $35,647 |
Society Of Interventional Radiology Foundation Fairfax, VA | $8,417,546 | $1,833,608 |
National Blood Clot Alliance Philadelphia, PA | $381,860 | $938,995 |
Virginia Cardiac Services Quality Initiative South Riding, VA | $535,945 | $228,171 |
Delmarva Heart Research Foundation Inc Salisbury, MD | $0 | $0 |
Fetal Heart Society Inc Laurel, MD | $194,724 | $0 |
Lakhanpal Vein Foundation Inc Greenbelt, MD | $80,501 | $100,000 |
Delaware Valley Sts Quality Improvement Initiative West Chester, PA | $73,238 | $0 |
Translational Raas Interest Group Norfolk, VA | $18,925 | $38,640 |