Piedmont Heart Institute Inc
- Assets
- $3.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 34
- Location
- Atlanta, GA
- Founding
- 04/2009
- Data as of
- 06/2021
- EIN
- 26-3553500
Organization Overview
Piedmont Heart Institute Inc is located in Atlanta, GA. The organization was established in 2009. 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. As of 06/2021, Piedmont Heart Institute Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Heart Institute 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 06/2021, Piedmont Heart Institute Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 6 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
TO ADVANCE CARDIOVASCULAR RESEARCH AND TO PROVIDE EDUCATION AND EXCELLENCE IN CARDIAC TREATMENT AND DISEASE PREVENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIEDMONT HEART INSTITUTE, INC. ("PHI"), DEVELOPS EDUCATIONAL PROGRAMS FOR PHYSICIANS, EMPLOYERS, AND THE LAY COMMUNITY. THESE PROGRAMS ARE FOCUSED ON THE IDENTIFICATION OF PERSONS AT RISK FOR HEART DISEASE, AS WELL AS ON APPROPRIATE TREATMENT OPTIONS. IN ADDITION, PHI HAS ESTABLISHED A ROBUST RESEARCH PLATFORM AIMED AT ADVANCING THE UNDERSTANDING OF CARDIOVASCULAR DISEASES AND CONDITIONS AND THEIR TREATMENT AND PREVENTION. PHI IS CURRENTLY ENGAGED IN STUDIES OF INNOVATIVE NEW TREATMENT METHODS FOR CARDIOVASCULAR DISEASES SUCH AS ARRHYTHMIA, PERIPHERAL VASCULAR DISEASE, CORONARY ARTERY DISEASE, VALVULAR DISEASE, AND CONGESTIVE HEART FAILURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Sharon Baumberger Dir Research Finance | 40 | $178,942 | |
Ms Caryn Bernstein Research Proj Mgr | 40 | $123,411 | |
Ms Amy Autry-Bush Researcher | 40 | $115,847 | |
Dr Shelley Holt Sr Clin Research Nurse | 40 | $108,408 | |
Ms Kristina Picardi Sr Clin Research Nurse | 40 | $106,864 | |
Dr Charles Brown CEO | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Adams Md Medical Services | 6/29/19 | $120,920 |
Capitol Media Solutions Llc Marketing | 6/29/19 | $103,299 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,037,503 |
| 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 | $3,667,027 |
| 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 | $3,069,978 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $335,945 |
| Payroll taxes | $169,494 |
| Fees for services: Management | $258,697 |
| 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 | $36,030 |
| Office expenses | $136,425 |
| Information technology | $19,795 |
| Royalties | $0 |
| Occupancy | $106,252 |
| Travel | $103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,275 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,290 |
| Insurance | $12,237 |
| All other expenses | $0 |
| Total functional expenses | $4,770,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,764,011 |
| 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 | $14,110 |
| Net Land, buildings, and equipment | $1,976,327 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,754,448 |
| Accounts payable and accrued expenses | $735,857 |
| Grants payable | $0 |
| Deferred revenue | $1,517,030 |
| 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 | $19,100 |
| Total liabilities | $2,271,987 |
| Net assets without donor restrictions | $824,611 |
| Net assets with donor restrictions | $657,850 |
| 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 | $3,754,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Copd Foundation Inc Miami, FL | $10,791,127 | $8,973,655 |
Piedmont Heart Institute Inc Atlanta, GA | $3,754,448 | $3,667,027 |
The Mended Hearts Inc Albany, GA | $2,067,505 | $2,082,676 |
Carteret Heart And Vascular Emerald Isle, NC | $325,180 | $1,440,782 |
American Heartworm Society Inc Apex, NC | $1,092,551 | $633,346 |
Heartbright Foundation Charlotte, NC | $190,051 | $715,274 |
Southern Assoc For Vascular Surgery Inc Birmingham, AL | $681,635 | $475,238 |
Heart Housing Inc Warner Robins, GA | $724,678 | $248,866 |
Heart Society Of Gaston County Inc Gastonia, NC | $362,632 | $160,286 |
Kari S Heart Foundation Inc Johnson City, TN | $40,454 | $128,449 |
A Ministry Of The Heart Inc Memphis, TN | $106,627 | $107,674 |
Hearth Patio & Barbecue Association Easley, SC | $366,303 | $0 |