Cardiovascular Medical Research And Education Fund Inc
- Assets
- $1.9m
- Revenue
- $35.6k
- Investments
- $966.5k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 05-0579911
Organization Overview
Cardiovascular Medical Research And Education Fund Inc is located in Philadelphia, PA. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardiovascular Medical Research And Education Fund 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, Cardiovascular Medical Research And Education Fund Inc generated $35.6k 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 (38.3%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cardiovascular Medical Research And Education Fund Inc has awarded 121 individual grants totaling $16,093,148. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Wolfe Executive Director | 20 | $62,500 | |
Joseph Loscalzo MD President | 0 | $0 | |
Michael D Fishbein Esquire CFO | 0 | $0 | |
Ellen Reisman Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,067 |
| Interest on Savings | $237 |
| Dividends & Interest | $4,334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,009 |
| Capital Gain Net Income | $17,009 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,910 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,282 |
| Total operating and administrative expenses | $101,522 |
| Contributions, gifts, grants paid | $2,019,666 |
| Total expenses and disbursements | $2,121,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,456 |
| Savings and temporary cash investments | $955,875 |
| Net Accounts receivable | $507 |
| 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 | $1,947,304 |
| 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 Awarded
Over the last fiscal year, Cardiovascular Medical Research And Education Fund Inc has awarded $2,019,666 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
PULMONARY VASCULAR RESEARCH INSTITUTE PURPOSE: FUNDING THE PULMONARY CIRCULATION JOURNAL AND PRECISION MEDICAL MEETING. | $523,067 |
PULMONARY VASCULAR RESEARCH INSTITUTE PURPOSE: TO PROVIDE A GLOBAL OVERVIEW OF THE PREVALENCE AND AETIOLOGY OF PVD AND PH. ANNUAL DRUG DEVELOPMENT SYMPOSIUM. | $450,000 |
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PURPOSE: RESEARCH IN CARDIAC PHYSIOLOGY OF POTENTIAL EVENUES FOR THERAPEUTIC TREATMENT. | $187,472 |
Philadelphia, PA PURPOSE: CENTER FOR CELL STUDIES. LUNG TRANSPLANT | $179,558 |
Evanston, IL PURPOSE: PULMONARY HYPERTENSION | $131,832 |
FRANCOIS POTUS PURPOSE: PULMONARY ARTERIAL HYPERTENSION RESEARCH | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cvpath Institute Inc Gaithersburg, MD | $16,751,910 | $13,233,897 |
Heart Failure Society Of America Inc Rockville, MD | $8,199,366 | $5,992,766 |
Healthcorps Inc New York, NY | $4,691,358 | $4,849,417 |
Cardiovascular Medical Research And Education Fund Inc Philadelphia, PA | $1,947,304 | $35,647 |
National Blood Clot Alliance Philadelphia, PA | $381,860 | $938,995 |
Rosenfeld Heart Foundation Inc Rye Brook, NY | $5,611,862 | $1,550,628 |
Heart Institute Of Southern New Moorestown, NJ | $7,720,548 | $711,924 |
Michael Wolk Heart Foundation Inc New York, NY | $2,664,426 | $597,065 |
Pulmonary Wellness Foundation Inc New York, NY | $75,369 | $282,317 |
Staten Island Heart Society Inc Staten Island, NY | $17,432 | $289,472 |
Delmarva Heart Research Foundation Inc Salisbury, MD | $0 | $0 |
Fetal Heart Society Inc Laurel, MD | $194,724 | $0 |