Iowa Heart Foundation
- Assets
- $7.3m
- Revenue
- $518.9k
- Investments
- $0.0
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 42-1372472
Organization Overview
Iowa Heart Foundation is located in West Des Moines, IA. The organization was established in 1992. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., 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. Iowa Heart 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 12/2022, Iowa Heart Foundation generated $518.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $377.2k during the year ending 12/2022. While expenses have increased by 13.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IOWA HEART FOUNDATION IS COMMITTED TO IMPROVING HEART HEALTH EDUCATION AND DEDICATED TO THE PREVENTION OF HEART DISEASE. IT IS OUR VISION TO BECOME IOWA'S LEADER IN PROMOTION OF CARDIOVASCULAR HEALTH. WE FOCUS ON IMPROVING THE HEART HEALTH OF ALL IOWANS BY FOCUSING ON COMMUNITY OUTREACH AND EDUCATION, PROMISING PREVENTION PROGRAMS AND CLINICAL EDUCATION SUPPORT AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YEAR ROUND SUPPORT OF CLINICAL EDUCATION AND TRAINING THROUGH FELLOWSHIP PROGRAMS, MONTHLY EDUCATION SERIES AND EXHIBITS AND OFFERING ANNUAL CONTINUING EDUCATION OPPORTUNITIES OPEN TO ALL HEALTHCARE PROVIDERS AND THE PUBLIC.
OTHER PROGRAM SERVICES EXPENSES
CARDIAC EMERGENCY RESPONSE AND PREPAREDNESS PROGRAM.
ADULT AND PEDIATRIC HEART DISEASE PREVENTION AND EDUCATION WITH AN EMPHASIS ON HEART HEALTH LESSONS IN IOWA SCHOOLS AND STRATEGIC PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tm Brown MD Chairman | OfficerTrustee | 1 | $0 |
John D Shors Vice-Chairman | OfficerTrustee | 1 | $0 |
Mark A Tannenbaum MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Michael Fraizer MD Director | Trustee | 1 | $0 |
Jose Borromeo MD Director | Trustee | 1 | $0 |
Fran Johnson MD Director | Trustee | 1 | $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 | $119,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,867 |
| Total Program Service Revenue | $8,500 |
| Investment income | $299,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $79,040 |
| Net Income from Fundraising Events | $11,944 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $518,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| Grants and other assistance to domestic individuals. | $14,200 |
| 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 | $85,237 |
| Fees for services: Legal | $1,599 |
| Fees for services: Accounting | $3,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,486 |
| Fees for services: Other | $11,404 |
| Advertising and promotion | $5,693 |
| Office expenses | $438 |
| Information technology | $2,938 |
| Royalties | $0 |
| Occupancy | $9,670 |
| Travel | $398 |
| 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 | $956 |
| All other expenses | $707 |
| Total functional expenses | $377,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,898 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $6,809,907 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,000 |
| Total assets | $7,267,805 |
| 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 | $7,267,805 |
| 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 | $7,267,805 |
Grants Awarded
Over the last fiscal year, Iowa Heart Foundation has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MERCYONE PURPOSE: CARDIOLOGY FELLOWSHIP PROGRAM | $75,000 |
IOWA STATE UNIVERSITY SPONSORED PROGRAM ACCOUNTING PURPOSE: SWITCH PROGRAM | $75,000 |