New York Cardiac Center Inc
- Assets
- $2.5m
- Revenue
- $89.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Tenafly, NJ
- Founding
- 06/1946
- Data as of
- 12/2023
- EIN
- 13-1624083
Organization Overview
New York Cardiac Center Inc is located in Tenafly, NJ. The organization was established in 1946. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Cardiac Center 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 12/2023, New York Cardiac Center Inc generated $89.1k 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 (6.3%) each year. All expenses for the organization totaled $311.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, New York Cardiac Center Inc has awarded 27 individual grants totaling $871,500. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NEW YORK CARDIAC CENTER IS TO BE A PART OF THE ONGOING EFFORT TO DIAGNOSE AND PREVENT HEART AND OTHER DISEASES. WE HELP TO DEVELOP TREATMENT FOR THOSE WHO NEED IT AND ASSIST IN TRAINING NEW SCIENTISTS, EDUCATORS, AND PHYSICIANS. WE ARE COMMITTED TO IMPROVING A PERSON'S CHANCES OF LIVING A FULL AND HEALTHY LIFE. TO DO SO WE COMMIT OUR RESOURCES TO INNOVATIVE PROJECTS IN RESEARCH, EDUCATION AND TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YALE UNIVERSITY IN ASSOCIATION WITH NEW YORK CARDIAC CENTER:CONTINUED OUR SPONSORSHIP OF RESEARCH INTO TRANSIMMUNIZATION AS A RESULT OF WHICH SIGNIFICANT INSIGHTS HAVE BEEN GAINED INTO THE UNLOCKING MECHANISM OF ANTIGEN PRESENTATION AND RECOGNITION BY THE IMMUNE SYSTEM.
NEW YORK UNIVERSITY IN ASSOCIATION WITH NEW YORK CARDIAC CENTER, INC:SUPPORT OF SCIENCE COMMUNICATION WORKSHOPS. WEILL CORNELL MEDICAL COLLEGE IN ASSOCIATION WITH NEW YORK CARDIAC CENTER: NEW YORK CARDIAC CENTER SPONSORED A CARDIOVASCULAR OUTCOMES RESEARCH GROUP.
NEW YORK CARDIOLOGICAL SOCIETY, NEW YORK CHAPTER/AMERICAN COLLEGE OF CARDIOLOGY IN ASSOCIATION WITH NEW YORK CARDIAC CENTER:FOUR EDUCATIONAL PROGRAMS FOR CARDIOLOGISTS WERE FUNDED AND PRESENTED DURING 2023 WITH OBJECTIVE OF IMPROVING CARDIAC CARE.
DURING 2023, NEW YORK CARDIAC CENTER AWARDED TEN SCHOLARSHIPS TO OUTSTANDING STUDENTS ATTENDING THE FOLLOWING INSTITUTIONS: CITY COLLEGE OF NEW YORK, HAVERFORD COLLEGE, MASSACHUSETTS INSTITUTE OF TECHNOLOGY, UNIVERSITY OF CHICAGO, UNIVERSITY OF PENNSYLVANIA, HARVARD, JOHN HOPKINS,MCGILL, VANDERBILT AND YALE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Glazer President | OfficerTrustee | 5 | $0 |
David Glazer ESQ Vice President | OfficerTrustee | 1.5 | $1,500 |
Michael Wolk MD Exec V.p | OfficerTrustee | 1.5 | $1,500 |
Alfred S Glazier Treasurer | OfficerTrustee | 1.5 | $1,500 |
Ann Ronan ESQ Secretary | OfficerTrustee | 1.5 | $1,500 |
Paul Bernstein Bd Of Governors | Trustee | 1 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,405 |
| Total Program Service Revenue | $0 |
| Investment income | $55,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,054 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,818 |
| Grants and other assistance to domestic individuals. | $40,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $81,700 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,357 |
| Fees for services: Other | $2,701 |
| Advertising and promotion | $0 |
| Office expenses | $9,665 |
| Information technology | $878 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,128 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $390 |
| Insurance | $981 |
| All other expenses | $0 |
| Total functional expenses | $311,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,998 |
| Savings and temporary cash investments | $387,515 |
| 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 | $1,622 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,935,440 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $618 |
| Other assets | $38,593 |
| Total assets | $2,462,786 |
| Accounts payable and accrued expenses | $33,454 |
| 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 | $8,770 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,350 |
| Total liabilities | $75,574 |
| Net assets without donor restrictions | $2,387,212 |
| Net assets with donor restrictions | $0 |
| 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 | $2,462,786 |
Grants Awarded
Over the last fiscal year, New York Cardiac Center Inc has awarded $110,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK CARDIOLOGICAL SOCIETY PURPOSE: FUND MEDICAL EDUCATIONAL PROGRAMS | $40,000 |
YALE MEDICAL SCHOOL PURPOSE: FUND MEDICAL RESEARCH | $40,000 |
NEW YORK UNIVERSITY PURPOSE: FUND SCIENCE COMMUNICATION WORKSHOP | $20,000 |
WEILL CORNELL PURPOSE: FUND MEDICAL RESEARCH | $10,000 |