Texas Heart Institute

Organization Overview

Texas Heart Institute is located in Houston, TX. The organization was established in 1964. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Texas Heart Institute employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Heart Institute 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, Texas Heart Institute generated $58.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $36.9m during the year ending 12/2021. 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

TO REDUCE THE DEVASTATING TOLL OF CARDIOVASCULAR DISEASE THROUGH INNOVATIVE PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


SEE SCHEDULE O


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Board, Officers & Key Employees

Name (title)Compensation
Emerson Perin
Medical Director
$560,000
Joseph G Rogers MD
President & CEO
$501,918
Richard Dixon
Director Mcrl
$419,944
Howard Schramm
Treasurer & Cao/cfo
$392,308
Ronald Biediger
Director Mcrl Chemistry
$246,082
Peter Vanderslice
Director Mcrl Biology
$246,082

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ecg Mgmt Consultants
Consulting
$790,909
Bdo Usa Llp
Accounting
$252,650
Medhi Razavi
Medical Research
$154,000
Public Content
Public Relations
$252,346
Fayez Sarofim & Co
Investment Management
$223,158
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,528,563
All other contributions, gifts, grants, and similar amounts not included above$44,199,369
Noncash contributions included in lines 1a–1f $27,765,846
Total Revenue from Contributions, Gifts, Grants & Similar$50,727,932
Total Program Service Revenue$2,677,831
Investment income $2,775,080
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $314,000
Net Gain/Loss on Asset Sales $2,414,992
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $58,909,835

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Texas Heart Institute has recieved totaling $811,618.

Awarding OrganizationAmount
American Heart Association Inc

Dallas, TX

PURPOSE: RESEARCH

$295,072
University Of Miami

Coral Gables, FL

PURPOSE: RESEARCH

$201,796
Clutch City Foundation

Houston, TX

PURPOSE: IMPROVE COMMUNITY

$200,000
Ellwood Foundation

Houston, TX

PURPOSE: CARDIOLOGY RESEARCH

$30,000
William A And Madeline Welder Smith Foundation

Houston, TX

PURPOSE: RESEARCH UNDER THE DIRECTION OF DR. PERIN

$25,000
Greater Houston Community Foundation

Houston, TX

PURPOSE: HEALTH

$16,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$36,896,218
Earnings$8,602,802
Net Contributions$101
Grants$571,660
Ending Balance$44,927,461

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