Metro Cardiovascular Research Foundation Inc
- Assets
- $327.0k
- Revenue
- $8.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/1988
- Data as of
- 07/2021
- EIN
- 34-1559229
Organization Overview
Metro Cardiovascular Research Foundation Inc is located in Cleveland, OH. The organization was established in 1988. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Cardiovascular Research Foundation 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 07/2021, Metro Cardiovascular Research Foundation Inc generated $8.9k 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 (5.3%) each year. All expenses for the organization totaled $5.6k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) 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 FIND A CURE FOR CARDIOVASCULAR DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SUPPORT FOR STUDENTS, RESIDENT PHYSICIANS, TECHNICIANS, WORKING WITH DIVISION OF CARDIOLOGY - CASE WESTERN RESERVE UNIVERSITY SCHOOL OF MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Lewis MD Co-President | OfficerTrustee | $0 | |
Mark Dunlap MD Co-President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $5,938 |
| 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 | $8,872 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,975 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $326,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $326,967 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $326,967 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cardiovascular Medical Research And Education Fund Inc Philadelphia, PA | $1,947,304 | $35,647 |
National Blood Clot Alliance Philadelphia, PA | $381,860 | $938,995 |
Midwest Cardiovascular Research And Education Foundation Elkhart, IN | $280,009 | $386,719 |
Kentucky Heart Foundation Inc Ashland, KY | $569,027 | $4,678 |
Delaware Valley Sts Quality Improvement Initiative West Chester, PA | $73,238 | $0 |
Pediatric Congenital Heart Association West Chester, OH | $88,952 | $0 |
Pulse3 Foundation Saginaw, MI | $651,009 | $59,431 |
Live Like Max Foundation Superior Township, MI | $29,959 | $0 |
Metro Cardiovascular Research Foundation Inc Cleveland, OH | $326,967 | $8,872 |
Heart Beatz Berea, OH | $0 | $0 |
Cardiovascular Research Foundation Inc Owensboro, KY | $401,947 | $0 |