Congenital Heart Alliance Of Cincinnati
- Assets
- $8.0m
- Revenue
- $265.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/1942
- Data as of
- 06/2023
- EIN
- 31-0537129
Organization Overview
Congenital Heart Alliance Of Cincinnati is located in Cincinnati, OH. The organization was established in 1942. 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. Congenital Heart Alliance Of Cincinnati 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 06/2023, Congenital Heart Alliance Of Cincinnati generated $265.7k 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 (14.0%) each year. All expenses for the organization totaled $377.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE HEARTFELT HOPE IN PATIENTS AND FAMILIES IMPACTED BY CONGENITAL HEART DEFECTS, AS WELL AS THE MEDICAL PRACTITIONERS THAT CARE FOR THEM, THROUGH THE FUNDING OF GROUNDBREAKING RESEARCH, GLOBAL COLLABORATION, AND HOLISTIC WELL-BEING INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR THE CARDIOLOGY DEPARTMENT OF CINCINNATI CHILDREN'S HOSPITAL THROUGH THE FUNDING OF VARIOUS RESEARCH GRANTS AND OTHER AWARDS.
PATIENT OUTREACH PROVIDES FUNDING OF OUTREACH PROGRAMS TO CURRENT AND FORMER CARDIAC PATIENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Karageorges Trustee | OfficerTrustee | 2 | $0 |
Zerlina Dubois President | OfficerTrustee | 2 | $0 |
Chad Kamstra Treasurer | OfficerTrustee | 2 | $0 |
William Flynn Secretary | OfficerTrustee | 2 | $0 |
Marc Pliskin Trustee | Trustee | 2 | $0 |
Julie Balzano Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,369 |
| Total Program Service Revenue | $0 |
| Investment income | $153,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,111 |
| Net Income from Fundraising Events | -$12,169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $260,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,478 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,454 |
| Office expenses | $1,137 |
| Information technology | $2,218 |
| 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 | $774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,048 |
| All other expenses | $0 |
| Total functional expenses | $377,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,555 |
| Savings and temporary cash investments | $165,497 |
| 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 | $7,689,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,005,549 |
| 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 | $7,811,523 |
| Net assets with donor restrictions | $194,026 |
| 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 | $8,005,549 |
Grants Awarded
Over the last fiscal year, Congenital Heart Alliance Of Cincinnati has awarded $267,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CINCINNATI CHILDREN'S PURPOSE: see page 2, Part IV | $250,000 |
ETHAN M LINBERG FOUNDATION PURPOSE: see page 2, Part IV | $17,000 |