Heart Institute Of Southern New
- Assets
- $7.7m
- Revenue
- $711.9k
- Investments
- $5.9m
- Employees
- 0
- Location
- Moorestown, NJ
- Founding
- 06/1986
- Data as of
- 06/2022
- EIN
- 22-2574758
Organization Overview
Heart Institute Of Southern New is located in Moorestown, NJ. The organization was established in 1986. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Institute Of Southern New 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 06/2022, Heart Institute Of Southern New generated $711.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $550.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Heart Institute Of Southern New has awarded 30 individual grants totaling $3,271,047. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sheerin Board Member | 0 | $0 | |
Harvey L Waxman MD Pres/treas/board Member | 1 | $0 | |
William J Untereker MD Vice Pres/board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,113 |
| Dividends & Interest | $126,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $565,753 |
| Capital Gain Net Income | $565,753 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,930 |
| Total Revenue | $711,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,051 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $715 |
| Printing and publications | $0 |
| Other expenses | $8,832 |
| Total operating and administrative expenses | $19,596 |
| Contributions, gifts, grants paid | $531,000 |
| Total expenses and disbursements | $550,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,683 |
| Savings and temporary cash investments | $1,776,004 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,909,705 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,156 |
| Total assets | $7,720,548 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Heart Institute Of Southern New has awarded $531,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: SUPPORT CARDIOLOGY RESEARCH, EDUCATION AND PATIENT CARE. | $505,500 |
LUCY OUTREACH PURPOSE: SUPPORT EDUCATIONAL AND SPIRITUAL GROWTH OF YOUTH IN CAMDEN COUNTY | $15,000 |
Marlton, NJ PURPOSE: TO RUN EDUCATIONAL PROGRAMS FOR PHYSICIANS AND SONOGRAPHERS IN THE AREA WHO PERFORM OR INTERPRET ECHOCARDIOGRAPHIC STUDIES. | $10,000 |
Memphis, TN PURPOSE: TO ADVANCE CURES, AND MEANS OF PREVENTION, FOR PEDIATRIC CATASTROPHIC DISEASES THROUGH RESEARCH AND TREATMENT. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcorps Inc New York, NY | $4,691,358 | $4,849,417 |
Cardiovascular Medical Research And Education Fund Inc Philadelphia, PA | $1,947,304 | $35,647 |
National Blood Clot Alliance Philadelphia, PA | $381,860 | $938,995 |
Rosenfeld Heart Foundation Inc Rye Brook, NY | $5,611,862 | $1,550,628 |
Heart Institute Of Southern New Moorestown, NJ | $7,720,548 | $711,924 |
Michael Wolk Heart Foundation Inc New York, NY | $2,664,426 | $597,065 |
Pulmonary Wellness Foundation Inc New York, NY | $75,369 | $282,317 |
Staten Island Heart Society Inc Staten Island, NY | $17,432 | $289,472 |
American Cardio Vascular Research Foundation Inc New York, NY | $309,604 | $80,608 |
Cardiology Associates Foundation New York, NY | $261,215 | $75,165 |
Delaware Valley Sts Quality Improvement Initiative West Chester, PA | $73,238 | $0 |
Hearts For Russ Inc South Salem, NY | $53,851 | $0 |