Metropolitan Cardiology Consultants Research And Education Foundation
- Assets
- $222.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Coon Rapids, MN
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 45-3513338
Organization Overview
Metropolitan Cardiology Consultants Research And Education Foundation is located in Coon Rapids, MN. The organization was established in 2014. 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. Metropolitan Cardiology Consultants Research And Education 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, Metropolitan Cardiology Consultants Research And Education Foundation generated $26.9k 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 (7.4%) each year. All expenses for the organization totaled $2.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION'S FUNCTION IS TO SUPPORT ONGOING EDUCATION FOR MEDICAL PROFESSIONALS WORKING IN THE CARDIOVASCULAR PROGRAM AT MERCY HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Dulas Chair | 1 | $0 | |
Amin Rahmatullah Vice Chair | 1 | $0 | |
Mike Rasmussen Executive Director | 1 | $0 | |
Mark Kraemer Vice Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $26,854 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,854 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,375 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,026 |
| Total expenses | $2,401 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $222,709 |
| Other assets | $0 |
| Total assets | $222,709 |
| Total liabilities | $0 |
| Net assets or fund balances | $222,709 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conquering Congenital Heart Disease Madison, WI | $163,592 | $581,914 |
Twin Cities Heart Foundation Minneapolis, MN | $927,190 | $17,456 |
Team Quinn Edina, MN | $6,549 | $0 |
Waukesha Heart Foundation Inc Waukesha, WI | $584,339 | $69,517 |
Metropolitan Cardiology Consultants Research And Education Foundation Coon Rapids, MN | $222,709 | $0 |