Arizona Heart Foundation Inc
- Assets
- $1.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Phoenix, AZ
- Founding
- 12/1970
- Data as of
- 06/2021
- 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 06/2021, Arizona Heart Foundation Inc employed 7 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 06/2021, Arizona Heart Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELIMINATE HEART DISEASE AS A MAJOR HEALTH ISSUE BY DEVELOPING RESOURCES TO FUND RESEARCH
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 WERE IN CHARGE OF THE SCHOOL OF CARDIAC ULTRASOUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Kerrigan Cfo/treasurer | OfficerTrustee | 40 | $175,000 |
Paula Branahan RN Bsn Cvns Chairperson/cfo | OfficerTrustee | 40 | $150,000 |
Donald Reid Medical Director | OfficerTrustee | 2 | $0 |
Joel Rainwater MD Secretary | OfficerTrustee | 2 | $0 |
Phil Hotchkiss Director | Trustee | 1 | $0 |
Michael Gallagher Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $281,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,777 |
| Total Program Service Revenue | $1,262,946 |
| Investment income | $0 |
| 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 | $1,577,723 |
| 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. | $325,000 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $321,286 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $48,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,352 |
| Fees for services: Accounting | $27,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,783 |
| Advertising and promotion | $27,088 |
| Office expenses | $21,994 |
| Information technology | $4,374 |
| Royalties | $0 |
| Occupancy | $109,836 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,554 |
| Interest | $19,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,467 |
| Insurance | $8,991 |
| All other expenses | $7,144 |
| Total functional expenses | $1,506,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,605 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $172,500 |
| Accounts receivable, net | $1,291 |
| Loans from Officers, Directors, or Controlling Persons | $5,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,475 |
| Prepaid expenses and deferred charges | $26,659 |
| Net Land, buildings, and equipment | $117,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $324,456 |
| Total assets | $1,160,440 |
| Accounts payable and accrued expenses | $131,177 |
| Grants payable | $0 |
| Deferred revenue | $780,642 |
| 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 | $363,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,275,162 |
| Net assets without donor restrictions | -$114,722 |
| 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 | $1,160,440 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Arizona Heart Foundation Inc has recieved totaling $1,045.
| Awarding Organization | Amount |
|---|---|
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $384 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $250 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $177 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $128 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $60 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Immaculate Heart Community Los Angeles, CA | $35,264,849 | $2,919,669 |
Hearthstone Housing Foundation Newport Beach, CA | $17,283,954 | $2,067,096 |
Arizona Heart Foundation Inc Phoenix, AZ | $1,160,440 | $1,577,723 |
Sacred Heart Retreat House Inc Alhambra, CA | $1,718,839 | $1,290,961 |
Stroke Recovery Center Palm Springs, CA | $3,020,560 | $1,080,068 |
New Heart Inc Albuquerque, NM | $3,177,749 | $999,578 |
Guardaheart Irvine, CA | $33,019 | $621,008 |
Colorado Heart Cycle Association Inc Golden, CO | $675,382 | $618,431 |
Carmelite Monastery Of The Sacred Hearts Colorado Springs, CO | $2,787,941 | $727,487 |
Sky Cliff Stroke Center Castle Rock, CO | $737,609 | $560,558 |
National Cardiavascular Research Foundation Los Angeles, CA | $5,907,958 | $1,118,964 |
Breast Cancer Solutions Lake Forest, CA | $104,601 | $312,353 |