Pulse3 Foundation
- Assets
- $651.0k
- Revenue
- $59.4k
- Investments
- $616.0k
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 38-3146518
Organization Overview
Pulse3 Foundation is located in Saginaw, MI. The organization was established in 1995. 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. Pulse3 Foundation 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, Pulse3 Foundation generated $59.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.4%) each year. All expenses for the organization totaled $41.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (37.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUN FOR YOUR HEART PROGRAM SHOCKS & SAVES PROGRAM & WOMEN'S SYMPOSIUM AED EQUIPMENT DONATIONS. SEE ATTACHED NEWSLETTERS, ETC. THAT PROVIDE IN-DEPTH INFORMATION ON THE THREE MAJOR PROGRAMS AND ADDITIONAL SERVICES INITIATED AND SUPPORTED BY THE FOUNDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Fattal MD Treasurer | 0 | $0 | |
Ed Bruff Director | 0 | $0 | |
Clarence Rivette Chair | 0 | $0 | |
Sharon Miller Prior Chair | 0 | $0 | |
Richard Dolinski Vice Chair | 0 | $0 | |
Michael Lauer MD Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,100 |
| Interest on Savings | $3,647 |
| Dividends & Interest | $7,418 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,266 |
| Capital Gain Net Income | $17,419 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,431 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $26,691 |
| Pension plans, employee benefits | $2,305 |
| Interest | $0 |
| Taxes | $433 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,775 |
| Total operating and administrative expenses | $40,959 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $40,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,435 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $621 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $651,009 |
| Accounts payable and accrued expenses | $2,193 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,193 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pulse3 Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Wallace And Irene Bronner Family Charitable Foundation Frankenmuth, MI PURPOSE: GENERAL UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conquering Congenital Heart Disease Madison, WI | $163,592 | $581,914 |
Midwest Cardiovascular Research And Education Foundation Elkhart, IN | $280,009 | $386,719 |
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 |
Waukesha Heart Foundation Inc Waukesha, WI | $584,339 | $69,517 |
Heart Beatz Berea, OH | $0 | $0 |