Cardiovascular Institute
- Assets
- $330.2k
- Revenue
- $650.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Warminster, PA
- Founding
- 04/1999
- Data as of
- 06/2024
- EIN
- 23-2984908
Organization Overview
Cardiovascular Institute is located in Warminster, PA. The organization was established in 1999. 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 06/2024, Cardiovascular Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardiovascular Institute 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 06/2024, Cardiovascular Institute generated $650.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $835.7k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE CARDIOVASCULAR INSTITUTE CONDUCTS MEDICAL RESEARCH AND PROFESSIONAL EDUCATION SEMINARS, AND PROVIDES COMMUNITY EDUCATION IN THE AREA OF CARDIOVASCULAR MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP GRANTS ISSUED FOR RESEARCH.
CONDUCTING PROFESSIONAL EDUCATION SEMINARS IN THE AREA OF CARDIOVASCULAR MEDICINE.
PROVIDES COMMUNITY EDUCATION SEMINARS IN THE AREA OF CARDIOVASCULAR HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Dahan Executive Di | Officer | 36 | $126,786 |
Mark Hartnett Executive Di | Officer | 4 | $59,879 |
Patricia K Scheller Bse Board Member | Trustee | 1 | $0 |
Elaina Spilove Cima Board Member | Trustee | 0.67 | $0 |
Douglas W Clark MBA Board Member | Trustee | 1 | $0 |
Daniel Mccormick MD Board Member | Trustee | 0.67 | $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 | $427,370 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,370 |
| Total Program Service Revenue | $159,046 |
| Investment income | $9,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,608 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $650,492 |
| 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. | $186,665 |
| Compensation of current officers, directors, key employees. | $6,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,366 |
| Pension plan accruals and contributions | $8,606 |
| Other employee benefits | $18,389 |
| Payroll taxes | $27,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,848 |
| Fees for services: Other | $6,637 |
| Advertising and promotion | $3,420 |
| Office expenses | $8,585 |
| Information technology | $9,422 |
| Royalties | $0 |
| Occupancy | $42,730 |
| Travel | $423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,057 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,624 |
| Insurance | $5,236 |
| All other expenses | $14 |
| Total functional expenses | $835,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,563 |
| Savings and temporary cash investments | $148,442 |
| 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 | $1,740 |
| Investments—publicly traded securities | $119,498 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $913 |
| Total assets | $330,156 |
| 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 | $7,918 |
| Total liabilities | $7,918 |
| Net assets without donor restrictions | $177,803 |
| Net assets with donor restrictions | $144,435 |
| 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 | $330,156 |