Heartworks Inc
- Assets
- $513.2k
- Revenue
- $856.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- Data as of
- 12/2021
- EIN
- 85-1282127
Organization Overview
Heartworks Inc is located in Rochester, MN. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartworks 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, Heartworks Inc generated $856.8k in total revenue. All expenses for the organization totaled $361.6k during the year ending 12/2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew A Nelson President | 2 | $0 | |
Timothy Nelson Chairman | 2 | $0 | |
Townsend Porter Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $838,979 |
| Interest on Savings | $10 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $855 |
| Capital Gain Net Income | $855 |
| Net ST Capital Gain | $855 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $16,996 |
| Other Income | $0 |
| Total Revenue | $856,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $189,976 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $171,615 |
| Total operating and administrative expenses | $361,616 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $361,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,204 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $513,204 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heartworks Inc has recieved totaling $61,099.
| Awarding Organization | Amount |
|---|---|
Porter Family Foundation Longboat Key, FL PURPOSE: ASSIST OPERATIONS | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,099 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F-M Ambulance Service Inc Sioux Falls, SD | $6,709,124 | $18,663,310 |
Wesleylife Johnston, IA | $18,059,987 | $10,517,468 |
Sholom Community Alliance Home Health Care St Louis Park, MN | $3,066,544 | $6,601,759 |
Immunize Org St Paul, MN | $5,626,683 | $5,168,301 |
Rural Wisconsin Health Cooperativeinformation Technology Network Sauk City, WI | $1,967,421 | $4,299,515 |
Tops Club Inc Milwaukee, WI | $2,213,905 | $3,336,938 |
Catalysis Inc Appleton, WI | $2,690,751 | $2,802,744 |
Heartland Health Resource Center Sioux Falls, SD | $763,925 | $2,353,013 |
Diverse And Resilient Inc Milwaukee, WI | $1,995,900 | $2,482,124 |
Wisconsin Northern & Central Graduate Medical Education Consort Sauk City, WI | $514,134 | $2,211,915 |
Wisconsin Emergency Medical Technicians Association Inc Waterford, WI | $712,017 | $966,317 |
Laona Rescue Unit Inc Laona, WI | $855,225 | $1,088,295 |