Heartbeat International Foundationinc, operating under the name Forhearts Worldwide, is located in Tampa, FL. The organization was established in 2007. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Forhearts Worldwide employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forhearts Worldwide 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, Forhearts Worldwide generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 19.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SAVE LIVES GLOBALLY BY PROVIDING CARDIOVASCULAR IMPLANTABLE DEVICES AND TREATMENT TO NEEDY PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEARTBEAT INTERNATIONAL PROJECT WAS STARTED IN 1984 BY THE WATSON CLINIC FOUNDATION AS A 501(C)(3) PRIVATE OPERATING FOUNDATION. IN 1992, THE HEADQUARTERS OF HEARTBEAT INTERNATIONAL WAS TRANSFERRED TO ST. JOSEPH'S HOSPITAL OF TAMPA, A 501(C)(3) PUBLIC CHARITY. HEARTBEAT INTERNATIONAL DISTRIBUTES NEW, IMPLANTABLE CARDIAC PACEMAKERS AND RELATED DEVICES TO TOTALLY INDIGENT PATIENTS IN THIRD WORLD COUNTRIES THROUGH UNIFORMLY STRUCTURED HEART CENTERS LOCATED IN DEVELOPING COUNTRIES. THESE LIFE-SAVING OR LIFE-IMPROVING DEVICES ARE SUPPLIED WITHOUT COST TO HEARTBEAT INTERNATIONAL BY PARTICIPATING PACEMAKER MANUFACTURERS.(SEE SCHEDULE O FOR CONTINUATION OF PROGRAM ACCOMPLISHMENTS) THE DEVICES ARE IMPLANTED ONLY IN TOTALLY INDIGENT PATIENTS BY CARDIOLOGISTS/SURGEONS ASSOCIATED WITH THE LOCAL HEART CENTER IN THE THIRD WORLD COMMUNITY WITHOUT CHARGE. THE PURPOSE OF HEARTBEAT INTERNATIONAL IS TO PROVIDE ALL PROFESSIONAL AND MEDICAL SERVICES BY DOCTORS AND HOSPITALS AT NO CHARGE TO THE PATIENT. THE FOUNDATION PROVIDES CONTINUING EDUCATION PROGRAMS TO ALL HEALTHCARE PROFESSIONALS AND DEVELOPS AND PROVIDES EDUCATION AND PREVENTION PROGRAMS THROUGH STRATEGIC ALLIANCES TO THE GENERAL POPULATION. THESE SERVICES ARE PROVIDED REGARDLESS OF AGE, GENDER, RELIGION, CULTURE, OR POLITICAL PERSUASION. HEARTBEAT INTERNATIONAL CREATES AWARENESS AND EDUCATES THE PUBLIC, BOTH IN THE UNITED STATES AND DEVELOPING COUNTRIES, ABOUT THE MEDICAL NEEDS AND CHALLENGES OF INDIGENT PATIENTS IN DEVELOPING COUNTRIES. HOWEVER, DURING 2021 THE FOUNDATION DID NOT PROVIDE EDUCATION DUE TO THE RESTRICTIONS RELATED TO THE COVID-19 PANDEMIC. THE FOUNDATION IS IN THE PROCESS OF PARTNERING WITH BIOTRONIK TO BEGIN EDUCATION PROGRAMMING AGAIN IN 2022. THE FOUNDATION HAS EXPERIENCED A TREMENDOUS DECREASE IN INVENTORY DURING THE YEARS 2020 AND 2021. NOT ONLY HAS THE FOUNDATION SHOWN A REDUCTION IN THE NUMBER OF DONATIONS DUE TO THE COVID-19 PANDEMIC WHICH IMPACTED INTERNATIONAL SHIPMENTS, THE FOUNDATION HAS MODIFIED ITS INVENTORY VALUATION POLICY TO WRITE DOWN ITS INVENTORY MORE QUICKLY TO BETTER REFLECT THE VALUE OF THE DEVICES BY ITS USEFUL LIFE. THE UPDATED INVENTORY VALUATION POLICY FOR ALL DEVICES AND LEADS ARE WRITTEN DOWN TO $0 IN VALUE WHEN DEVICES ARE 3 YEARS BEYOND THEIR USE BY DATE. DUE TO THE INVENTORY VALUATION POLICY CHANGE AND IMPACT OF THE COVID-19 PANDEMIC, THE FOUNDATION EXPERIENCED A REDUCTION IN ITS INVENTORY VALUE AT YEAR END 2020 AND 2021, AS WELL AS THE VALUE OF INVENTORY PLACED INTO SERVICE. IN ADDITION, THE FOUNDATION FURTHER WROTE OFF INVENTORY IDENTIFIED TO BE DESTROYED IN 2022 DUE TO ITS USEFUL LIFE. IN 2022, THE FOUNDATION WILL RECIEVE INVENTORY CONTRIBUTIONS FROM BIOTRONIK ON A SPECIFIC REQUEST BASIS DIRECTLY TO THE HEART CENTERS. THE FOUNDATION FEELS THE TRUE MEASURE OF OUR MISSION IS THE NUMBER OF LIVES IT SAVES OR DEVICES IT IMPLANTS, RATHER THAN THE DOLLAR VALUE OF THE DEVICES AND LEADS SENT TO THE HEART CENTERS.PATIENT HIGHLIGHT:ARTUROMEXICO ARTURO'S HEART PROBLEMS BEGAN WHEN HE WAS THREE YEARS-OLD. HIS FATHER WORKED LONG HOURS AT A TACO STAND IN MEXICO TO SUPPORT THE FAMILY, BUT HE FELT SCARED AND HELPLESS. "I DIDN'T HAVE THE MONEY FOR THAT SURGERY. I COULDN'T SAVE MY OWN SON'S LIFE."HIS MOTHER WAS EQUALLY DEVASTATED. "WHEN MY SON WAS SLEEPING, SOMETIMES I COULDN'T HEAR HIS HEART, AND I KNEW ONE DAY HE MIGHT NOT WAKE UP IN THE MORNING." ARTURO'S FAMILY FOUND HOPE WHEN THEY MET DR. RICARDO MENESES OF HEARTBEAT INTERNATIONAL. ARTURO TRAVELED 100 MILES TO A HOSPITAL AND WAS RUSHED INTO SURGERY FOR A PACEMAKER IMPLANT.TODAY, ARTURO RUNS AROUND AND PLAYS WITH HIS FRIENDS. THE EXPERIENCE HAS HAD A POSITIVE IMPACT - HE'S BACK AT SCHOOL AND HOPES TO BECOME A DOCTOR SOMEDAY.PATIENT HIGHLIGHT:CHRISTINETRINIDAD & TOBAGO"MY MOTHER TELLS ME I WAS BORN A HEALTHY BABY, AND FOR THE MOST PART OF MY CHILDHOOD, I WAS. WHEN I WAS 14, I STARTED FEELING WEAK AND TIRED ALL THE TIME. DURING A CHECKUP, THEY FOUND THAT MY HEARTBEAT WAS TOO LOW, SO THEY TOOK ME FOR FURTHER TESTS. I WAS DIAGNOSED WITH A THIRD-DEGREE HEART BLOCK, AND I NEEDED TO HAVE A DUAL-CHAMBER PACEMAKER IMPLANTED.""MY FAMILY WAS SCARED; OUR GOVERNMENT HOSPITAL DIDN'T OFFER THE SURGERY, AND WE COULDN'T AFFORD TO GET IT DONE PRIVATELY. I WAS IN HIGH SCHOOL, AND MY LIFE HAD JUST BEGUN.""HEARTBEAT INTERNATIONAL GAVE ME A SECOND CHANCE AT LIFE. WITH THEIR HELP, I WAS ABLE TO RECEIVE THE SURGERY AND LIFE-LONG CARE AT NO COST. THE DOCTORS TOLD ME TO REST AT HOME, BUT I WAS TOO EXCITED TO BE NORMAL AGAIN, AND I WENT BACK TO SCHOOL TWO WEEKS AFTER THE SURGERY. I GRADUATED HIGH SCHOOL AND WENT TO COLLEGE TO STUDY ACCOUNTING. I GRADUATED WITH HONORS, AND I NOW WORK FOR THE CENTRAL BANK.I AM ON MY SECOND DEVICE NOW. I FOLLOW UP WITH MY DOCTOR EVERY SIX MONTHS. IN FACT, I JUST SAW MY DOCTOR YESTERDAY AND I AM DOING VERY WELL.""I LOVE LIFE - I AM INTO YOGA, AND HIKING; I LIKE TO GO OUT AND HANG OUT WITH MY FRIENDS. IF I DON'T TELL YOU, YOU WOULDN'T GUESS I HAVE A PACEMAKER, BUT I DO, AND IT SAVED MY LIFE."
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laura M Delise Executive Director | Officer | 40 | $88,846 |
Benedict S Maniscalco MD Chairman (2021) | OfficerTrustee | 20 | $0 |
Thomas Crawford MD Vice Chairman (chairman 2022) | OfficerTrustee | 10 | $0 |
Jan Henderson Treasurer | OfficerTrustee | 10 | $0 |
Joseph V Messer MD Director | Trustee | 5 | $0 |
Peter Musaib-Ali Regional Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,264,902 |
All other contributions, gifts, grants, and similar amounts not included above | $143,645 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,408,547 |
Total Program Service Revenue | $0 |
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 | -$1,292,217 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,157,069 |
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 | $1,168,164 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $71,423 |
Compensation of current officers, directors, key employees. | $10,431 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $12,948 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $707 |
Payroll taxes | $6,287 |
Fees for services: Management | $0 |
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 | $53,901 |
Advertising and promotion | $53,285 |
Office expenses | $23,843 |
Information technology | $3,911 |
Royalties | $0 |
Occupancy | $4,118 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $3,321 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $290 |
Insurance | $2,568 |
All other expenses | $0 |
Total functional expenses | $1,404,766 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $926,664 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,000 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $246,512 |
Prepaid expenses and deferred charges | $105 |
Net Land, buildings, and equipment | $4,244 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,187,525 |
Accounts payable and accrued expenses | $10,064 |
Grants payable | $0 |
Deferred revenue | $94,353 |
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 | $73 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $104,490 |
Net assets without donor restrictions | $1,083,035 |
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 | $1,187,525 |
Over the last fiscal year, we have identified 2 grants that Heartbeat International Foundationinc has recieved totaling $15,134.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $15,109 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 05/14/21 | $25 |
Organization Name | Assets | Revenue |
---|---|---|
Heartbeat International Foundationinc Tampa, FL | $1,187,525 | $1,157,069 |
Sunshine On A Ranney Day Incorporated Roswell, GA | $768,956 | $1,710,820 |
Third Wave Volunteers Inc Miami, FL | $48,114 | $1,158,461 |
Jack And Jill Late Stage Cancerfoundation Inc Atlanta, GA | $1,791,868 | $1,449,888 |
Tanner Foundation Birmingham, AL | $310,577 | $701,298 |
Healing Strong Inc Cumming, GA | $143,214 | $411,068 |
Kart 4 Kids Inc Gulfport, FL | $142,347 | $330,115 |
Hearts Everywhere Reaching Out For Children Inc Roswell, GA | $396,352 | $331,543 |
Brca Foundation Inc Augusta, GA | $377,797 | $213,096 |
Glory Hope & Life Inc Gainesville, GA | $999,541 | $414,251 |
Fort Pierce Lions Foundation Inc Fort Pierce, FL | $900,107 | $51,668 |
Heart Health & Healing Ministries Inc West Palm Beach, FL | $0 | $0 |