The Heart Foundation
- Assets
- $8.8m
- Revenue
- $989.9k
- Investments
- $5.8m
- Employees
- 0
- Location
- Westlake Village, CA
- Founding
- 05/2002
- Data as of
- 06/2021
- EIN
- 45-0471117
Organization Overview
The Heart Foundation is located in Westlake Village, CA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2021, Heart Foundation generated $989.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $694.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (19.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Heart Foundation has awarded 16 individual grants totaling $3,039,306. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEART FOUNDATION GRANTED $350,000 TO CEDARS-SINAI MEDICAL CENTER TO FUND HEART DISEASE RESEARCH TAKING PLACE IN THE P.K. SHAH LABORATORY AT SMIDT HEART INSTITUTE AT CEDARS-SINAI.
THE HEART FOUNDATION HELD A SERIES OF ONLINE INTERVIEWS WITH MEDICAL PROFESSIONALS AND HEART HEALTH ADVOCATES TO EDUCATE THE PUBLIC AND INCREASE AWARENESS OF HEART DISEASE AS THE #1 CAUSE OF DEATH FOR BOTH MEN AND WOMEN IN THE UNITED STATES. IT IS DIFFICULT TO PINPOINT THE NUMBER SERVED BY THIS ACTIVITY AS NOT ONLY WERE THE INTERVIEWS WATCHED LIVE BY PEOPLE ALL OVER THE WORLD, BUT THESE INTERVIEWS CONTINUE TO BE AVAILABLE ON OUR YOUTUBE CHANNEL TO VIEW ON DEMAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Mullaney Executive Director | 32 | $77,538 | |
Mark Sapiro Treasurer | 1 | $0 | |
Mark Litman Chairman | 10 | $0 | |
Gerald Cohen Secretary | 1 | $0 | |
Eva Weingarten Board Member | 1 | $0 | |
Brian Weinhart Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $571,553 |
| Interest on Savings | $4,565 |
| Dividends & Interest | $106,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,681 |
| Capital Gain Net Income | $302,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $680 |
| Other Income | $4,243 |
| Total Revenue | $989,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $83,117 |
| Other employee salaries and wages | $88,855 |
| Pension plans, employee benefits | $25,026 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $463 |
| Occupancy | $18,247 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,565 |
| Total operating and administrative expenses | $344,132 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $694,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,911 |
| Savings and temporary cash investments | $2,721,766 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $116,412 |
| 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 | $4,434 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,538,441 |
| Net Land, buildings, and equipment | $888 |
| Other assets | $7,783 |
| Total assets | $8,779,346 |
| Accounts payable and accrued expenses | $13,613 |
| 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 | $13,613 |
Grants Awarded
Over the last fiscal year, The Heart Foundation has awarded $1,202,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: HEART DISEASE RESEARCH | $600,000 |
Los Angeles, CA PURPOSE: HEART DISEASE RESEARCH | $600,000 |
Sherman Oaks, CA PURPOSE: EVENT SPONSORSHIP | $1,000 |
Sherman Oaks, CA PURPOSE: EVENT SPONSORSHIP | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Heart Foundation has recieved totaling $117,500.
| Awarding Organization | Amount |
|---|---|
The Eisner Foundation Inc Beverly Hills, CA PURPOSE: GENERAL | $100,000 |
Organization Name not Listed PURPOSE: MEDICAL RESEARCH | | $14,000 |
Berry Gordy Family Foundation Los Angeles, CA PURPOSE: UNRESTRICTED | $2,000 |
The Apatow-Mann Family Foundation Inc Beverly Hills, CA PURPOSE: PROVIDES RESEARCH AND AWARENESS OF HEART DISEASES | $1,000 |
The Meryl And Christopher Lewis Foundation Hastings On Hudson, NY PURPOSE: TO SAVE LIVES FROM HEART DISEASEBY INCREASING AWARENESS, EDUCATION & FUNDING RESEARCH. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |