Heart Care International Inc
- Assets
- $4.1m
- Revenue
- $348.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Greenwich, CT
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 06-1503838
Organization Overview
Heart Care International Inc is located in Greenwich, CT. The organization was established in 1998. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Heart Care International Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Care International 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 Care International Inc generated $348.5k 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 (5.2%) each year. All expenses for the organization totaled $285.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE CHILDREN'S HEALTH SUFFERING HEART DISEASE IN ECONOMICALLY CHALLENGED COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDENTIFICATION AND APPLICATION OF SURGICAL PROCEDURES FOR CHILDREN WHO BENEFIT FROM HIGH TECHNOLOGY MEDICAL CARE, INCLUDING DIAGNOSTIC AND INTERVENTIONAL CARDIAC CATHERIZATION AS WELL AS CLOSED AND OPEN HEART SURGERY. THE ADMINISTRATION OF LIFE-SAVING HEART PROCEDURES TO THESE CHILDREN IN THEIR HOME COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Ghaffari Treasurer | OfficerTrustee | 3 | $0 |
Dr Robert Michler Chairman & Founder | OfficerTrustee | 5 | $0 |
Susan Poland Secretary | OfficerTrustee | 5 | $0 |
Caroline Merin Board Member | Trustee | 2 | $0 |
Christopher Combe Board Member | Trustee | 2 | $0 |
Peter Richardson Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,969 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,792 |
| Noncash contributions included in lines 1a–1f | $61,915 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,761 |
| Total Program Service Revenue | $0 |
| Investment income | $26,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,421 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,504 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,273 |
| Office expenses | $3,371 |
| Information technology | $2,688 |
| Royalties | $0 |
| Occupancy | $11,150 |
| Travel | $17,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,936 |
| Insurance | $6,905 |
| All other expenses | $5,267 |
| Total functional expenses | $285,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,080,344 |
| Savings and temporary cash investments | $2,423,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $635,446 |
| Total assets | $4,140,493 |
| Accounts payable and accrued expenses | $1,285 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,285 |
| Net assets without donor restrictions | $2,024,336 |
| Net assets with donor restrictions | $2,114,872 |
| 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 | $4,140,493 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Heart Care International Inc has recieved totaling $81,156.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $40,000 |
The Hultquist Foundation Vero Beach, FL PURPOSE: GENERAL OPERATING | $10,000 |
Hilda & Preston Davis Private Foundation Philadelphia, PA PURPOSE: INTERNATIONAL MEDICAL RELIEF | $10,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Alan R Miller Foundation Glen Cove, NY PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $5,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central European University New York, NY | $577,160,061 | $72,058,098 |
Oxfam-America Inc Boston, MA | $98,567,095 | $108,365,278 |
Helen Keller International New York, NY | $112,029,852 | $121,068,878 |
Action Against Hunger Usa New York, NY | $114,998,583 | $117,737,270 |
Jewish National Fund -Keren Kayemeth Leisrael- Inc New York, NY | $532,275,365 | $140,855,420 |
Concern Worldwide U S Inc New York, NY | $28,102,900 | $75,183,447 |
Brac Usa Inc New York, NY | $39,074,186 | $26,089,482 |
American Society For Technion- Israel Institute Of Technology Inc New York, NY | $552,165,498 | $74,453,195 |
The American College Of Greece Boston, MA | $67,377,188 | $58,892,639 |
King Baudouin Foundation United States Inc New York, NY | $71,313,887 | $81,640,878 |
World Education Inc Boston, MA | $10,873,421 | $51,800,410 |
Citihope International Inc Margaretsville, NY | $17,709,063 | $34,849,219 |