Accreditation For Cardiovascular Excellence Inc
- Assets
- $833.0k
- Revenue
- $727.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Midlothian, VA
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 26-1235458
Organization Overview
Accreditation For Cardiovascular Excellence Inc is located in Midlothian, VA. The organization was established in 2009. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Accreditation For Cardiovascular Excellence 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 12/2021, Accreditation For Cardiovascular Excellence Inc generated $727.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $323.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 6 years. 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
THE ORGANIZATION IS A NONPROFIT WHOSE MISSION IS TO ENSURE HIGH-QUALITY PATIENT CARE AND PROMOTE PATIENT SAFETY IN FACILITIES WHERE INVASIVE CARDIAC AND ENDOVASCULAR PROCEDURES ARE PERFORMED. THE ORGANIZATION WILL ACHIEVE ITS MISSION BY SETTING STANDARDS FOR QUALITY CARE ESTABLISHING REQUIREMENTS FOR ACCREDITATION AND PROVIDING PEER REVIEW FOR CARDIAC AND ENDOVASCULAR PROGRAMS. THE ORGANIZATION WILL ALSO PROVIDE TOOLS AND RESOURCES TO SUPPORT SELF EVALUATION AND QUALITY IMPROVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES PROFESSIONAL REVIEW OF FACILITIES WHERE INVASIVE CARDIAC AND ENDOVASCULAR PROCEDURES ARE PERFORMED AND ACCREDITS THOSE THAT ACHIEVE PREDETERMINED BENCHMARKS FOR QUALITY CARE. THE ORGANIZATION'S ACCREDITATION PROGRAMS CURRENTLY INCLUDE PROGRAMS THAT DELIVER ANGIOGRAPHY TO DIAGNOSE BLOCKED ARTERIES ANGIOPLASTY AND STENTING TO TREAT BLOCKAGES IN THE ARTERIES OF THE HEART AS WELL AS BLOCKAGES IN THE ARTERIES OF THE NECK. THE ORGANIZATION HAS PLANS TO EXPAND TO ACCREDIT PROGRAMS FOR OTHER CARDIOVASCULAR PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Weiner MD Chief Medical Officer | OfficerTrustee | 10 | $24,048 |
Sean Mcelgunn Executive Director | OfficerTrustee | 20 | $0 |
Jeff Marshall MD Board Chair | OfficerTrustee | 1 | $0 |
Joaquiin Cigarroa Director | OfficerTrustee | 1 | $0 |
Michael Cowley Secretary Treasurer | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $727,611 |
| 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 | $727,611 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $262,518 |
| Fees for services: Legal | $0 |
| 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 | $6,643 |
| Office expenses | $81 |
| Information technology | $44,794 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $973 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $690 |
| All other expenses | $0 |
| Total functional expenses | $323,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $358,442 |
| 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 | $31,151 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $832,987 |
| Accounts payable and accrued expenses | $113,387 |
| 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 | $0 |
| Total liabilities | $113,387 |
| Net assets without donor restrictions | $719,600 |
| 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 | $832,987 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Amga Foundation Inc Alexandria, VA | $2,610,879 | $2,312,164 |
Ivi Foundation Inc Alexandria, VA | $2,038,987 | $1,664,291 |
International Society For Advancement Of Cytometry Washington, DC | $2,250,621 | $1,271,377 |
Medical Technology And Practice Patterns Institute Inc Bethesda, MD | $4,682,047 | $864,770 |
Salem Research Institute Inc Salem, VA | $3,333,370 | $1,714,541 |
Galen Institute Inc Paeonian Springs, VA | $0 | $114,244 |
International Cannabinoid Research Society Winstonsalem, NC | $615,422 | $392,771 |
Accreditation For Cardiovascular Excellence Inc Midlothian, VA | $832,987 | $727,611 |
Product Quality Research Institute Inc Washington, DC | $299,261 | $208,987 |
Hudson Institute Of Mineralogy Keswick, VA | $1,570,559 | $158,766 |
International Pnh Interest Group Portsmouth, VA | $385,337 | $100,000 |