Cvpath Institute Inc
- Assets
- $22.5m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 60
- Location
- Gaithersburg, MD
- Founding
- 02/2007
- Data as of
- 12/2023
- 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 12/2023, Cvpath Institute Inc employed 60 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 12/2023, Cvpath Institute Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $10.2m during the year ending 12/2023. While expenses have increased by 3.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 V Finn MD President & Chief Scientific Officer | OfficerTrustee | 40 | $539,939 |
Renu Virmani Finn President | OfficerTrustee | 40 | $523,575 |
Chester E Finn Jr Edd Secretary | OfficerTrustee | 1 | $0 |
Steven Krause Treasurer | OfficerTrustee | 1 | $0 |
Azin Parhizgar Msc PHD Chair Of The Board | Trustee | 1 | $0 |
Andrew Braumann Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guru Inc Computer Support | 12/30/22 | $166,112 |
Medstar Health Research Institute Laboratory Research | 12/30/22 | $669,799 |
Charles River Laboratories Laboratory Research | 12/30/22 | $132,738 |
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 | $357,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,099 |
| Total Program Service Revenue | $9,875,258 |
| Investment income | $453,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$166,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,519,461 |
| 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. | $1,154,983 |
| Compensation of current officers, directors, key employees. | $103,948 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,984,919 |
| Pension plan accruals and contributions | $232,561 |
| Other employee benefits | $431,655 |
| Payroll taxes | $325,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,730 |
| Fees for services: Accounting | $38,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,586 |
| Fees for services: Other | $793,860 |
| Advertising and promotion | $0 |
| Office expenses | $211,303 |
| Information technology | $258,737 |
| Royalties | $0 |
| Occupancy | $895,160 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,246 |
| Interest | $4,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $374,124 |
| Insurance | $190,545 |
| All other expenses | $0 |
| Total functional expenses | $10,224,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $899,145 |
| Savings and temporary cash investments | $1,542,280 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $559,678 |
| 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 | $347,720 |
| Net Land, buildings, and equipment | $1,049,942 |
| Investments—publicly traded securities | $13,601,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,504,478 |
| Total assets | $22,505,172 |
| Accounts payable and accrued expenses | $1,052,666 |
| Grants payable | $0 |
| Deferred revenue | $799,013 |
| 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 | $96,529 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,703,211 |
| Total liabilities | $6,651,419 |
| Net assets without donor restrictions | $15,853,753 |
| 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 | $22,505,172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cvpath Institute Inc Gaithersburg, MD | $22,505,172 | $10,519,461 |
Heart Failure Society Of America Inc Rockville, MD | $8,199,366 | $5,992,766 |
Society Of Interventional Radiology Foundation Fairfax, VA | $7,372,994 | $1,470,131 |
Cardiovascular Medical Research And Education Fund Inc Philadelphia, PA | $1,348,099 | $1,850,362 |
National Blood Clot Alliance Philadelphia, PA | $617,521 | $1,153,543 |
Virginia Cardiac Services Quality Initiative South Riding, VA | $513,012 | $159,142 |
Delmarva Heart Research Foundation Inc Salisbury, MD | $0 | $0 |
Lakhanpal Vein Foundation Inc Greenbelt, MD | $15,068 | $62,650 |
Delaware Valley Sts Quality Improvement Initiative West Chester, PA | $73,238 | $0 |
Conquering Congenital Heart Disease Harrisburg, PA | $41,551 | $0 |
Pots Research Trust Fund Myerstown, PA | $0 | $0 |
Translational Raas Interest Group Norfolk, VA | $18,925 | $38,640 |
Uno Heart Foundation Sterling, VA | $95,099 | $0 |