New Mexico Heart Institute Foundation
- Assets
- $788.7k
- Revenue
- $151.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 20-1443608
Organization Overview
New Mexico Heart Institute Foundation is located in Albuquerque, NM. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Heart Institute 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 12/2022, New Mexico Heart Institute Foundation generated $151.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $139.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW MEXICO HEART INSTITUTE FOUNDATION IS DEDICATED TO SUPPORTING EDUCATION AND RESEARCH TO ENHANCE HEART HEALTH FOR ALL NEW MEXICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES VARIOUS SERVICES TO SUPPORT CARDIOVASCULAR SERVICES AND EDUCATION THAT INCLUDES THE FOLLOWING ACTIVITIES. THE ORGANIZATION MAINTAINS A WEBSITE TO ENABLE CARDIOVASCULAR PATIENTS AND THEIR PHYSICIANS TO ACCESS EXTENSIVE INFORMATION ON CARDIOVASCULAR CONDITIONS AND TREATMENTS. CHECKLISTS ARE PROVIDED TO PHYSICIANS THAT ENABLE THEM TO CUSTOMIZE READING FOR EACH PATIENT PRIOR TO THE PATIENT ACCESSING THE SITE. ADDITIONALLY, VARIOUS COURSES ARE OFFERED FOR CME CREDIT FOR A MINIMAL ADMINISTRATIVE FEE AND ARE ATTENDED BY FAMILY PRACTICE PHYSICIANS. EMERGENCY ROOM PHYSICIANS, PHYSICIANS ASSISTANTS, CERTIFIED NURSE PRACTITIONERS AND REGISTERED NURSES. PROJECT HEART START IS ANOTHER PROGRAM THAT IS DESIGNED TO TEACH THE PUBLIC CPR. THE GOAL IS TO PROVIDE BASIC SKILLS TO RESPOND QUICKLY AND APPROPRIATELY TO A SUDDEN CARDIAC ARREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yaw Poku MD President | OfficerTrustee | 1 | $0 |
Fenton Mccarthy MD Secretary | OfficerTrustee | 1 | $0 |
Mark Bieniarz MD Board Member | Trustee | 1 | $0 |
Irv Diamond Board Member | Trustee | 1 | $0 |
Sean Mazer MD Board Member | Trustee | 1 | $0 |
Serena Pettes Board Member | Trustee | 1 | $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 | $62,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,490 |
| Total Program Service Revenue | $89,411 |
| Investment income | $0 |
| 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 | $151,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,484 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $48,274 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,303 |
| Office expenses | $5,630 |
| Information technology | $3,294 |
| Royalties | $0 |
| Occupancy | $10,800 |
| Travel | $800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,654 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,293 |
| All other expenses | $22 |
| Total functional expenses | $139,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,068 |
| Savings and temporary cash investments | $664,648 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,965 |
| Total assets | $788,681 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $788,681 |
| 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 | $788,681 |