Midwest Cardiovascular Research Foundation

Organization Overview

Midwest Cardiovascular Research Foundation is located in Davenport, IA. The organization was established in 2003. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Midwest Cardiovascular Research Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Cardiovascular Research Foundation 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 12/2023, Midwest Cardiovascular Research Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 19.3% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION (MCRF) IS ENGAGED IN THE CONTINOUS ACTIVE CONDUCT OF MEDICAL RESEARCH, INCLUDING THE INVESTIGATIONS, EXPERIMENTS, AND STUDIES TO DISCOVER, DEVELOP OR VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSIS TREATMENT, PREVENTION OR CONTROL OF CARDIOVASCULAR DISEASE BY CONDUCTING THESE CLINICAL TRIALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION (MCRF) CONDUCTS CLINICAL TRIAL RELATED TO HEART DISEASE. A NUMBER OF ONGOING TRIALS HAVE BEEN CONDUCTED THROUGHOUT THE YEAR. MCRF ALSO CONDUCTS AN ANNUAL CONFERENCE WITH ATTENDEES FROM WIDE AREA THAT HAVE BEEN WELL RECEIVED AS FAR AS THE HEART DISEASE TOPICS COVERED AND THE QUALITY OF THE SPEAKERS.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Shammas
Director
$120,000
Nicholas Coin
Director
$0
Gail Shammas
Director
$0
Richard Burns
Director
$0
Shawna Duske
Director
$0
David Andich
Director
$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$200,050
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$200,050
Total Program Service Revenue$1,331,027
Investment income $22,222
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 $1,553,299

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