Heart Trust Inc
- Assets
- $469.8k
- Revenue
- $229.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Southport, CT
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-5536661
Organization Overview
Heart Trust Inc is located in Southport, CT. The organization was established in 2007. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Trust 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 12/2022, Heart Trust Inc generated $229.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $212.6k during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRO BONO PEDIATRIC CARDIAC CARE AND TRAINING IN DEVELOPING COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO 2 GUATEMALAN STUDENTS WHO EITHER SUFFER FROM CONGENITAL HEART DEFECTS OR HAVE A FAMILY MEMBER WITH A CONGENITAL HEART DEFECT.
CARDIAC MISSION TO SANTO DOMINGO, DOMINICAN REP. 8 OPEN HEART SURGERIES, 9 CARDIAC INTERVENTIONS & 3 ABLATIONS. DONATED MEDICAL SERVICES:$267,432; TRAVEL & HOTEL: $22,614.NON CASH DONATIONS: $15,141.
CARDIAC MISSIO TO CAIRO, EGYPT. PERFORMED 18 OPEN HEART SURGERIES; 3 CARDIAC CATHETERIZATIONS & 18 ABLATIONS. DONATED MEDICAL SERVICES:$275,331; TRAVEL AND HOTEL: $72,532. PURCHASED SUPPLIES: $10,850 NONCASH DONATIONS:$82,245
SHIPPING OF DONATED HEART MONITORS AND CARDIAC CATH SUPPLIES TO DOMINICAN REPUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Moquete Secretary | OfficerTrustee | 0 | $0 |
Shereen Abdel-Meguid President | OfficerTrustee | 20 | $0 |
Mark Galantowicz Director | Trustee | 0 | $0 |
David Chan Director | Trustee | 0 | $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 | $229,343 |
| Noncash contributions included in lines 1a–1f | $97,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,343 |
| Total Program Service Revenue | $0 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,392 |
| 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 | $99,786 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $212,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,311 |
| Savings and temporary cash investments | $366,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $469,780 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $469,780 |
| 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 | $469,780 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Heart Trust Inc has recieved totaling $14,207.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,292 |
Markus Charitable Foundation Wayzata, MN PURPOSE: DONATION | $1,500 |
Royce Family Fund Inc Greenwich, CT PURPOSE: GENERAL PURPOSES | $1,000 |
Rosencrans Family Foundation Inc Greenwich, CT PURPOSE: GENERAL SUPPORT | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwell Health Foundation Westbury, NY | $461,901,470 | $139,689,097 |
Childrens Orthopaedic Surgery Foundation Inc Boston, MA | $150,881,893 | $69,430,775 |
Boston Childrens Heart Foundation Boston, MA | $101,329,197 | $54,530,838 |
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Chmc Surgical Foundation Inc Boston, MA | $73,400,034 | $31,940,359 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Newport Hospital Foundation Inc Newport, RI | $132,285,695 | $13,877,816 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |