Heart Failure Society Of America Inc
- Assets
- $8.2m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Rockville, MD
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 06-1416238
Organization Overview
Heart Failure Society Of America Inc is located in Rockville, MD. The organization was established in 1997. 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, Heart Failure Society Of America Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Failure Society Of America 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, Heart Failure Society Of America Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A PLATFORM TO IMPROVE AND EXPAND HEART FAILURE CARE THROUGH COLLABORATION, EDUCATION, INNOVATION, RESEARCH AND ADVOCACY.
Describe the Organization's Program Activity:
ANNUAL MEETING: MEETING OF MEDICAL PROFESSIONALS WORKING IN THE FIELD OF HEART FAILURE TO PRESENT AND DISCUSS NEW RESULTS FROM CLINICAL TRIALS, BASIC SCIENCE ADVANCES, AND NEW TREATMENT MODALITIES FOR HEART FAILURE. THE 2021 ASM WAS HYBRID VIRTUAL AND IN-PERSON OFFERING 40+ SESSIONS, OVER 340 ABSTRACTS, AND ATTRACTED OVER 2,300 ATTENDEES.
EDUCATION AND PROGRAMS: 1) INITIATIVES AIMED AT EDUCATING CARDIOLOGISTS AND THE COMPLETE HEALTHCARE TEAM (NURSES, PHARMACISTS, PAS, AND OTHER HEALTH PROFESSIONALS WITH A SPECIAL INTEREST IN HEART FAILURE). 2) FOCUSED MEETINGS HELD WHEN PARTICULAR ISSUES RELATED TO HEART FAILURE COME TO THE FOREFRONT (MEDICAL REIMBURSEMENT, REGULATORY ISSUES FOR TREATMENT AND/OR CLINICAL USE, ETC.)
JOURNAL/PUBLICATIONS: PRODUCTION OF SCIENTIFIC JOURNAL (12 ISSUES/YEAR) AND OTHER PUBLICATIONS TO PROVIDE SCIENTIFIC INFORMATION TO MEMBERS AND NONMEMBERW ABOUT THE LATEST ADVANCES IN TREATMENT OF HEART FAILURE, APPROXIMATELY 2,600 PERSONS BENEFITTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Barnes CEO | Officer | 40 | $408,776 |
Joori Jeon COO | Officer | 40 | $258,867 |
Jaime Abreu Executive VP | 40 | $179,115 | |
Deborah Zeldow Dir.-Scie/research | 40 | $140,200 | |
Meredith Hurt Dir.-Journal Pub | 40 | $118,200 | |
Shauna Brown Education Director | 40 | $110,451 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medscape Llc Satellite Expense | 12/30/19 | $478,800 |
Freeman Audio Visual Solutions Inc Audio Visual | 12/30/19 | $408,925 |
Staywell Company Llc Printing & Graphic Design | 12/30/19 | $156,206 |
Elliott Lewis Convension Services Audio Visual | 12/30/19 | $186,423 |
Aramark Sports And Entertainment Services Llc Catering | 12/30/19 | $236,372 |
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 | $468,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $468,290 |
| Total Program Service Revenue | $5,003,990 |
| Investment income | $134,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $386,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,992,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $978,321 |
| Compensation of current officers, directors, key employees. | $62,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,084,174 |
| Pension plan accruals and contributions | $23,665 |
| Other employee benefits | $65,929 |
| Payroll taxes | $124,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,368 |
| Fees for services: Accounting | $118,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,187 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $57,121 |
| Information technology | $120,016 |
| Royalties | $0 |
| Occupancy | $56,074 |
| Travel | $123,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,256,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,503 |
| Insurance | $8,260 |
| All other expenses | $44,225 |
| Total functional expenses | $5,699,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $725,746 |
| Savings and temporary cash investments | $407,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $473,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,548 |
| Net Land, buildings, and equipment | $64,721 |
| Investments—publicly traded securities | $6,497,173 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,586 |
| Total assets | $8,199,366 |
| Accounts payable and accrued expenses | $357,880 |
| Grants payable | $0 |
| Deferred revenue | $523,049 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,577 |
| Total liabilities | $907,506 |
| Net assets without donor restrictions | $7,281,475 |
| Net assets with donor restrictions | $10,385 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,199,366 |
Grants Awarded
Over the last fiscal year, Heart Failure Society Of America Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA INTERNATIONAL UNI PURPOSE: Fellow Training | $10,000 |
Philadelphia, PA PURPOSE: Fellow Training | $10,000 |
New York, NY PURPOSE: Fellow Training | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heart Failure Society Of America Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The James And Robin Coogan Foundation Bronxville, NY PURPOSE: UNRESTRICTED | $1,000 |
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 |
Cardiovascular Medical Research And Education Fund Inc Philadelphia, PA | $1,947,304 | $35,647 |
Society Of Interventional Radiology Foundation Fairfax, VA | $8,417,546 | $1,833,608 |
National Blood Clot Alliance Philadelphia, PA | $381,860 | $938,995 |
Virginia Cardiac Services Quality Initiative South Riding, VA | $535,945 | $228,171 |
Delmarva Heart Research Foundation Inc Salisbury, MD | $0 | $0 |
Fetal Heart Society Inc Laurel, MD | $194,724 | $0 |
Lakhanpal Vein Foundation Inc Greenbelt, MD | $80,501 | $100,000 |
Delaware Valley Sts Quality Improvement Initiative West Chester, PA | $73,238 | $0 |
Translational Raas Interest Group Norfolk, VA | $18,925 | $38,640 |