Team Heart Incorporated
- Assets
- $564.6k
- Revenue
- $367.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Milton, MA
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 27-1435443
Organization Overview
Team Heart Incorporated is located in Milton, MA. The organization was established in 2010. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Heart Incorporated 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, Team Heart Incorporated generated $367.4k 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 (20.2%) each year. All expenses for the organization totaled $380.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.9%) 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
TO PROVIDE STATE OF ART CARDIAC CARE FOR ADULTS AND PEDIATRICS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE STATE OF ART CARDIAC CARE FOR ADULTS AND PEDIATRICS
TO PROVIDE STATE OF ART CARDIAC CARE FOR ADULTS AND PEDIATRICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Hobert Board Member | Trustee | $0 | |
Dayna Matthew Board Member | Trustee | $0 | |
David Wilson Board Member | Trustee | $0 | |
Joseph Mucumbitsi Board Member | Trustee | $0 | |
Bill Tueber Board Member | Trustee | $0 | |
Ralph Bolman Board Member | Trustee | $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 | $196,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,319 |
| Total Program Service Revenue | $16,974 |
| Investment income | $9,124 |
| 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 | $367,445 |
| 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 | $26,167 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,994 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,621 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,421 |
| Information technology | $7,109 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,678 |
| Insurance | $940 |
| All other expenses | $40,396 |
| Total functional expenses | $380,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,971 |
| Savings and temporary cash investments | $106,732 |
| 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 | $257,550 |
| Prepaid expenses and deferred charges | $50,000 |
| Net Land, buildings, and equipment | $20,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,060 |
| Total assets | $564,626 |
| Accounts payable and accrued expenses | $6,648 |
| 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 | $6,648 |
| Net assets without donor restrictions | $490,543 |
| Net assets with donor restrictions | $75,000 |
| 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 | $557,978 |
| Total liabilities and net assets/fund balances | $564,626 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Team Heart Incorporated has recieved totaling $21,649.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $21,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Resources In Action Inc Boston, MA | $33,816,788 | $35,069,519 |
Fair Health Inc New York, NY | $43,905,293 | $32,401,678 |
Chmc Otolaryngologic Foundation Inc Boston, MA | $56,250,065 | $28,964,394 |
Cicatelli Associates Inc New York, NY | $5,888,559 | $27,747,071 |
Onecare Vermont Accountable Care Organization Llc Colchester, VT | $43,985,225 | $27,384,795 |
Finger Lakes Migrant Health Care Project Inc Penn Yan, NY | $24,796,436 | $20,780,428 |
Visiting Nurse Association Of Southeastern Connecticut Inc Waterford, CT | $35,601,025 | $17,245,104 |
Walpole Area Visiting Nurse Association Inc Walpole, MA | $9,639,737 | $11,196,875 |
Public Good Projects New York, NY | $3,040,032 | $8,988,626 |
Central New Hampshire Vna & Hospice Laconia, NH | $0 | $10,066,079 |
International Health Racquet And Sportsclub Association Boston, MA | $2,092,829 | $3,783,459 |
Global Healthy Living Foundationinc Upper Nyack, NY | $6,909,681 | $8,221,665 |