William Novick Global Cardiac Alliance Inc

Organization Overview

William Novick Global Cardiac Alliance Inc is located in Memphis, TN. The organization was established in 2015. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, William Novick Global Cardiac Alliance Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Novick Global Cardiac Alliance 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, William Novick Global Cardiac Alliance Inc generated $872.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 7 years. 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

WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE IS DEDICATED TO PROVIDING LIFE SAVING MEDICAL CARE FOR CHILDREN BORN WITH HEART DISEASE, WITHOUT RESPECT TO THE CHILD'S RACE, COLOR, NATIONALITY OR RELIGION. THE ALLIANCE PROVIDES THIS SERVICE UNDER FOUR CORE PRINCIPALS OF COLLABORATION, EDUCATION, INNOVATION AND SUSTAINMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE IS DEDICATED TO PROVIDING LIFE SAVING MEDICAL CARE FOR CHILDREN BORN WITH HEART DISEASE, WITHOUT RESPECT TO THE CHILD'S RACE, COLOR, NATIONALITY OR RELIGION. THE ALLIANCE PROVIDES THIS SERVICE UNDER FOUR CORE PRINCIPALS OF COLLABORATION, EDUCATION, INNOVATION AND SUSTAINMENT.


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Board, Officers & Key Employees

Name (title)Compensation
William Novick
President
$195,000
Elizabeth Novick
Treasurer
$0
Dr Sri Rao
Secretary
$0
Don Pemberton
Vice-Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $82,817
All other contributions, gifts, grants, and similar amounts not included above$452,847
Noncash contributions included in lines 1a–1f $129,426
Total Revenue from Contributions, Gifts, Grants & Similar$535,664
Total Program Service Revenue$309,275
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 $28,000
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $872,939

Grants Recieved

Over the last fiscal year, we have identified 2 grants that William Novick Global Cardiac Alliance Inc has recieved totaling $67,251.

Awarding OrganizationAmount
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$42,251
The Yao Yuan Sze Foundation

Bellevue, WA

PURPOSE: CHILDREN HEALTHCARE

$25,000
View Grant Recipient Profile

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