Heartbeat International Foundationinc

Organization Overview

Heartbeat International Foundationinc, operating under the name Forhearts Worldwide, is located in Tampa, FL. The organization was established in 2007. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Forhearts Worldwide employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forhearts Worldwide 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 12/2021, Forhearts Worldwide generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 19.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SAVE LIVES GLOBALLY BY PROVIDING CARDIOVASCULAR IMPLANTABLE DEVICES AND TREATMENT TO NEEDY PEOPLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HEARTBEAT INTERNATIONAL PROJECT WAS STARTED IN 1984 BY THE WATSON CLINIC FOUNDATION AS A 501(C)(3) PRIVATE OPERATING FOUNDATION. IN 1992, THE HEADQUARTERS OF HEARTBEAT INTERNATIONAL WAS TRANSFERRED TO ST. JOSEPH'S HOSPITAL OF TAMPA, A 501(C)(3) PUBLIC CHARITY. HEARTBEAT INTERNATIONAL DISTRIBUTES NEW, IMPLANTABLE CARDIAC PACEMAKERS AND RELATED DEVICES TO TOTALLY INDIGENT PATIENTS IN THIRD WORLD COUNTRIES THROUGH UNIFORMLY STRUCTURED HEART CENTERS LOCATED IN DEVELOPING COUNTRIES. THESE LIFE-SAVING OR LIFE-IMPROVING DEVICES ARE SUPPLIED WITHOUT COST TO HEARTBEAT INTERNATIONAL BY PARTICIPATING PACEMAKER MANUFACTURERS.(SEE SCHEDULE O FOR CONTINUATION OF PROGRAM ACCOMPLISHMENTS) THE DEVICES ARE IMPLANTED ONLY IN TOTALLY INDIGENT PATIENTS BY CARDIOLOGISTS/SURGEONS ASSOCIATED WITH THE LOCAL HEART CENTER IN THE THIRD WORLD COMMUNITY WITHOUT CHARGE. THE PURPOSE OF HEARTBEAT INTERNATIONAL IS TO PROVIDE ALL PROFESSIONAL AND MEDICAL SERVICES BY DOCTORS AND HOSPITALS AT NO CHARGE TO THE PATIENT. THE FOUNDATION PROVIDES CONTINUING EDUCATION PROGRAMS TO ALL HEALTHCARE PROFESSIONALS AND DEVELOPS AND PROVIDES EDUCATION AND PREVENTION PROGRAMS THROUGH STRATEGIC ALLIANCES TO THE GENERAL POPULATION. THESE SERVICES ARE PROVIDED REGARDLESS OF AGE, GENDER, RELIGION, CULTURE, OR POLITICAL PERSUASION. HEARTBEAT INTERNATIONAL CREATES AWARENESS AND EDUCATES THE PUBLIC, BOTH IN THE UNITED STATES AND DEVELOPING COUNTRIES, ABOUT THE MEDICAL NEEDS AND CHALLENGES OF INDIGENT PATIENTS IN DEVELOPING COUNTRIES. HOWEVER, DURING 2021 THE FOUNDATION DID NOT PROVIDE EDUCATION DUE TO THE RESTRICTIONS RELATED TO THE COVID-19 PANDEMIC. THE FOUNDATION IS IN THE PROCESS OF PARTNERING WITH BIOTRONIK TO BEGIN EDUCATION PROGRAMMING AGAIN IN 2022. THE FOUNDATION HAS EXPERIENCED A TREMENDOUS DECREASE IN INVENTORY DURING THE YEARS 2020 AND 2021. NOT ONLY HAS THE FOUNDATION SHOWN A REDUCTION IN THE NUMBER OF DONATIONS DUE TO THE COVID-19 PANDEMIC WHICH IMPACTED INTERNATIONAL SHIPMENTS, THE FOUNDATION HAS MODIFIED ITS INVENTORY VALUATION POLICY TO WRITE DOWN ITS INVENTORY MORE QUICKLY TO BETTER REFLECT THE VALUE OF THE DEVICES BY ITS USEFUL LIFE. THE UPDATED INVENTORY VALUATION POLICY FOR ALL DEVICES AND LEADS ARE WRITTEN DOWN TO $0 IN VALUE WHEN DEVICES ARE 3 YEARS BEYOND THEIR USE BY DATE. DUE TO THE INVENTORY VALUATION POLICY CHANGE AND IMPACT OF THE COVID-19 PANDEMIC, THE FOUNDATION EXPERIENCED A REDUCTION IN ITS INVENTORY VALUE AT YEAR END 2020 AND 2021, AS WELL AS THE VALUE OF INVENTORY PLACED INTO SERVICE. IN ADDITION, THE FOUNDATION FURTHER WROTE OFF INVENTORY IDENTIFIED TO BE DESTROYED IN 2022 DUE TO ITS USEFUL LIFE. IN 2022, THE FOUNDATION WILL RECIEVE INVENTORY CONTRIBUTIONS FROM BIOTRONIK ON A SPECIFIC REQUEST BASIS DIRECTLY TO THE HEART CENTERS. THE FOUNDATION FEELS THE TRUE MEASURE OF OUR MISSION IS THE NUMBER OF LIVES IT SAVES OR DEVICES IT IMPLANTS, RATHER THAN THE DOLLAR VALUE OF THE DEVICES AND LEADS SENT TO THE HEART CENTERS.PATIENT HIGHLIGHT:ARTUROMEXICO ARTURO'S HEART PROBLEMS BEGAN WHEN HE WAS THREE YEARS-OLD. HIS FATHER WORKED LONG HOURS AT A TACO STAND IN MEXICO TO SUPPORT THE FAMILY, BUT HE FELT SCARED AND HELPLESS. "I DIDN'T HAVE THE MONEY FOR THAT SURGERY. I COULDN'T SAVE MY OWN SON'S LIFE."HIS MOTHER WAS EQUALLY DEVASTATED. "WHEN MY SON WAS SLEEPING, SOMETIMES I COULDN'T HEAR HIS HEART, AND I KNEW ONE DAY HE MIGHT NOT WAKE UP IN THE MORNING." ARTURO'S FAMILY FOUND HOPE WHEN THEY MET DR. RICARDO MENESES OF HEARTBEAT INTERNATIONAL. ARTURO TRAVELED 100 MILES TO A HOSPITAL AND WAS RUSHED INTO SURGERY FOR A PACEMAKER IMPLANT.TODAY, ARTURO RUNS AROUND AND PLAYS WITH HIS FRIENDS. THE EXPERIENCE HAS HAD A POSITIVE IMPACT - HE'S BACK AT SCHOOL AND HOPES TO BECOME A DOCTOR SOMEDAY.PATIENT HIGHLIGHT:CHRISTINETRINIDAD & TOBAGO"MY MOTHER TELLS ME I WAS BORN A HEALTHY BABY, AND FOR THE MOST PART OF MY CHILDHOOD, I WAS. WHEN I WAS 14, I STARTED FEELING WEAK AND TIRED ALL THE TIME. DURING A CHECKUP, THEY FOUND THAT MY HEARTBEAT WAS TOO LOW, SO THEY TOOK ME FOR FURTHER TESTS. I WAS DIAGNOSED WITH A THIRD-DEGREE HEART BLOCK, AND I NEEDED TO HAVE A DUAL-CHAMBER PACEMAKER IMPLANTED.""MY FAMILY WAS SCARED; OUR GOVERNMENT HOSPITAL DIDN'T OFFER THE SURGERY, AND WE COULDN'T AFFORD TO GET IT DONE PRIVATELY. I WAS IN HIGH SCHOOL, AND MY LIFE HAD JUST BEGUN.""HEARTBEAT INTERNATIONAL GAVE ME A SECOND CHANCE AT LIFE. WITH THEIR HELP, I WAS ABLE TO RECEIVE THE SURGERY AND LIFE-LONG CARE AT NO COST. THE DOCTORS TOLD ME TO REST AT HOME, BUT I WAS TOO EXCITED TO BE NORMAL AGAIN, AND I WENT BACK TO SCHOOL TWO WEEKS AFTER THE SURGERY. I GRADUATED HIGH SCHOOL AND WENT TO COLLEGE TO STUDY ACCOUNTING. I GRADUATED WITH HONORS, AND I NOW WORK FOR THE CENTRAL BANK.I AM ON MY SECOND DEVICE NOW. I FOLLOW UP WITH MY DOCTOR EVERY SIX MONTHS. IN FACT, I JUST SAW MY DOCTOR YESTERDAY AND I AM DOING VERY WELL.""I LOVE LIFE - I AM INTO YOGA, AND HIKING; I LIKE TO GO OUT AND HANG OUT WITH MY FRIENDS. IF I DON'T TELL YOU, YOU WOULDN'T GUESS I HAVE A PACEMAKER, BUT I DO, AND IT SAVED MY LIFE."


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,264,902
All other contributions, gifts, grants, and similar amounts not included above$143,645
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,408,547
Total Program Service Revenue$0
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 -$1,292,217
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,157,069

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Heartbeat International Foundationinc has recieved totaling $15,134.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$15,109
Verizon Foundation

Basking Ridge, NJ

PURPOSE: MIP PAYOUT FOR 05/14/21

$25
View Grant Recipient Profile

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