Arizona Heart Foundation Inc
- Assets
- $4.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Phoenix, AZ
- Founding
- 12/1970
- Data as of
- 06/2024
- EIN
- 23-7087716
Organization Overview
Arizona Heart Foundation Inc is located in Phoenix, AZ. The organization was established in 1970. 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, Arizona Heart Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Heart Foundation 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 06/2024, Arizona Heart Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $2.2m during the year ending 06/2024. While expenses have increased by 4.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ELIMINATE HEART DISEASE AS A MAJOR MEDICAL ISSUE BY DEVELOPING RESOURCES TO FUND RESEARCH EDUCATION AND DEVELOPMENT IN THE AREA OF CARDIOVASCULAR DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED VARIOUS EDUCATIONAL PROGRAMS. THE FOUNDATION PROVIDED TRANSLATIONAL RESEARCH LABORATORY WHEREIN PRE-CLINICAL WORK IS PERFORMED. THEY PROVIDED VARIOUS PROFESSIONAL TRAINING AND CME PROFESSIONAL EDUCATION PROGRAMS AND IN CHARGE OF THE SCHOOL OF CARDIAC ULTRASOUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Banahan RN Bsn Cvns Chair & CEO | OfficerTrustee | 40 | $203,230 |
Eileen Spengler Treasurer | OfficerTrustee | 40 | $154,800 |
David Ayala Director | Trustee | 1 | $0 |
Michael Gallaugher Secretary | OfficerTrustee | 2 | $0 |
Donald Reid Med Director | OfficerTrustee | 2 | $0 |
Lori Jones Director | Trustee | 1 | $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 | $23,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,805 |
| Total Program Service Revenue | $2,290,263 |
| Investment income | $59,412 |
| 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 | $2,373,480 |
| 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. | $358,030 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $812,737 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $85,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $131,999 |
| 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 | $72,862 |
| Office expenses | $14,005 |
| 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 | $15,798 |
| Interest | $95,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $254,791 |
| Insurance | $15,136 |
| All other expenses | $41,213 |
| Total functional expenses | $2,163,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,599,681 |
| Savings and temporary cash investments | $86,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,054 |
| Prepaid expenses and deferred charges | $32,836 |
| Net Land, buildings, and equipment | $334,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,518,172 |
| Total assets | $4,682,325 |
| Accounts payable and accrued expenses | $103,339 |
| Grants payable | $0 |
| Deferred revenue | $1,669,069 |
| 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 | $1,845,948 |
| Total liabilities | $3,618,356 |
| Net assets without donor restrictions | $1,063,969 |
| 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 | $4,682,325 |