Michigan Chapter Of The American College Of Cardiology
- Assets
- $476.7k
- Revenue
- $260.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1990
- Data as of
- 12/2023
- EIN
- 38-2854340
Organization Overview
Michigan Chapter Of The American College Of Cardiology is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, 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. Michigan Chapter Of The American College Of Cardiology is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Michigan Chapter Of The American College Of Cardiology generated $260.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $200.7k during the year ending 12/2023. 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
THE PURPOSE OF THE CHAPTER SHALL BE TO CONTRIBUTE TO THE PREVENTION OF CARDIOVASCULAR DISEASES AND TO ENSURE OPTIMAL QUALITY OF CARE FOR INDIVIDUALS WITH SUCH DISEASES. IN CARRYING OUT THESE PURPOSES, THE CHAPTER SHALL FUNCTION, IN CONSULTATION WITH THE LEADERSHIP OF THE COLLEGE, AS A SOURCE OF ADVICE TO LOCAL GOVERNMENTAL AND PROFESSIONAL ORGANIZATIONS AND PROMOTE PROFESSIONAL EDUCATIONAL ISSUES RELATED TO CARDIOVASCULAR DISEASE. THE CHAPTER SHALL, IN THE INTEREST OF PATIENTS, PHYSICIANS, AND THE PUBLIC IN GENERAL, MAINTAIN A HIGH LEVEL OF SOCIAL CONCIOUSNESS AND INVOLVEMENT WITH SOCIOECONOMIC FACTORS AND ACCESS TO THE HIGHEST POSSIBLE QUALITY OF CARDIOVASCULAR HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAPTER CONTINUES TO PARTNER WITH THE MICHIGAN HEART ASSOCIATION TO ADVOCATE FOR POLICY THAT PROVIDES A HEALTHY ENVIRONMENT FOR MICHIGAN'S CITIZENS INCLUDING ECIG REGULATIONS, FUNDING FOR CHRONIC DISEASE PREVENTION PROGRAMS, AND APPROPRIATE QUALITY CRITERIA FOR THE STATE'S CERTIFICATE OF NEED STANDARDS. THE CHAPTER PARTNERED WITH THE MICHIGAN STATE MEDICAL SOCIETY TO ADVOCATE FOR LEGISLATION TO RELIEVE THE BURDENS OF PRIOR AUTHORIZATION FOR PATIENTS AND PHYSICIANS.
THE CHAPTER'S ANNUAL CONFERENCE COMBINES LECTURES, PANEL DISCUSSIONS AND DEBATES TO CONVEY THE LATEST INFORMATION IN THE FIELD OF CARDIOLOGY. CARDIOLOGY FELLOWS-IN-TRAINING CONDUCT POSTER AND CASE COMPETITION TO PRESENT THE LATEST IN CARDIOVASCULAR RESEARCH. ATTENDEES INCLUDE CARDIOLOGISTS, CARDIOVASCULAR NURSES, PHYSICIAN ASSISTANTS, AND OTHER MEMBERS OF THE CARDIAC CARE TEAM.
THE CHAPTER HOSTS AN ANNUAL CARDIOVASCULAR TEAM SYMPOSIUM. THIS PROGRAM PROVIDES CLINICAL UPDATES OF INTEREST TO THOSE WHO CARE FOR PATIENTS WITH CARDIOVASCULAR DISEASES. ATTENDEES INCLUDE NURSES, NURSE PRACTITIONERS, PHARMACISTS, PHYSICIAN ASSISTANTS AND CARDIOLOGISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karthik Ananth MD President | OfficerTrustee | 6 | $0 |
Nagib Chalfoun MD President Elect | OfficerTrustee | 1 | $0 |
David Wohnsmd Past President | OfficerTrustee | 1 | $0 |
Sunil Rao DO Sec-Treasurer | OfficerTrustee | 1 | $0 |
David Klungle Pa-C Director | OfficerTrustee | 1 | $0 |
Nicholas Hoeve DO Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $254,925 |
| Investment income | $4,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,227 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $93,599 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,908 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,721 |
| All other expenses | $2,156 |
| Total functional expenses | $200,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,173 |
| 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 | $214,790 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $476,745 |
| Accounts payable and accrued expenses | $63,077 |
| Grants payable | $0 |
| Deferred revenue | $61,140 |
| 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 | $124,217 |
| Net assets without donor restrictions | $352,528 |
| 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 | $476,745 |