Florida Heart Research Foundation Inc
- Assets
- $593.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/2004
- Data as of
- 12/2023
- EIN
- 51-0474502
Organization Overview
Florida Heart Research Foundation Inc is located in Miami, FL. The organization was established in 2004. 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. Florida Heart Research Foundation Inc 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 12/2023, Florida Heart Research Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 19.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FLORIDA HEART RESEARCH FOUNDATION PROVIDES MUCH NEEDED FUNDING FOR CARDIOVASCULAR RESEARCH, EDUCATION AND PREVENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARDIOVASCULAR RESEARCH GRANTS WERE PROVIDED TO THE MAYO CLINIC JACKSONVILLE, MAYO CLINIC ROCHESTER, FLORIDA INTERNATIONAL UNIVERSITY, FLORIDA ATLANTIC UNIVERSITY, AND MT. SINAI MEDICAL CENTER.
SUPPORT FOR JOE DIMAGGIO CHILDREN'S HOSPITAL
FLORIDA HEART RESEARCH FOUNDATION FUNDED A "KIDS TAG ART" PROGRAM WHICH IS OVERSEEN BY THE TAX COLLECTOR'S OFFICES IN THE STATE OF FLORIDA AND GEARED TOWARD 5TH GRADERS. A SPECIAL CATEGORY WAS CREATED FOR FLORIDA HEART RESEARCH FOUNDATION "HEART SMART HEART" TO FULFILL ONE OF OUR MISSION POINTS ABOUT EDUCATION AND PREVENTION.
RESEARCHER OF THE YEAR AWARD - A PRESTIGIOUS AWARD IS GRANTED TO THE INDIVIDUAL WITHIN THE STATE OF FLORIDA WHOSE RESEARCH IS FELT TO HAVE HAD THE BROADEST IMPACT ON THE ADVANCEMENT OF KNOWLEDGE IN THE DIAGNOSIS AND/OR TREATMENT OF CARDIOVASCULAR DISEASE. TO BE CONSIDERED FOR THE AWARD, THE RESEARCHER MUST BE NOMINATED BY A COLLEAGUE, CONDUCT RESEARCH WITHIN AND BE A RESIDENT OF FLORIDA, BE ACTIVE IN THE ARENA OF CLINICAL AND/OR BASIC SCIENCE, AND HAVE REPORTED THE RESULTS OF HIS OR HER WORK IN THE PEER REVIEW ARENA OF SCIENTIFIC MEETINGS AND/OR PUBLICATIONS. THESE FUNDS MUST BE USED FOR CARDIAC RESEARCH CONDUCTED BY THE RECIPIENT OF THE AWARD IN FLORIDA AND A YEARLY REPORT IS SUBMITTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Ann Batcheller Chairman | OfficerTrustee | 1 | $0 |
Jose Antonio Adams MD Vice Chair | OfficerTrustee | 1 | $0 |
Oliver R Di Pietro MD Trustee | Trustee | 1 | $0 |
Tracy Towle Humphrey Trustee | Trustee | 1 | $0 |
Mary Jean Catinchi Mella ESQ Trustee | Trustee | 1 | $0 |
Charles Porter Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $750,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,119,763 |
| Total Program Service Revenue | $0 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,119,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,296,075 |
| Grants and other assistance to domestic individuals. | $50,000 |
| 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 | $0 |
| Fees for services: Legal | $1,150 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,156 |
| Advertising and promotion | $47,281 |
| Office expenses | $2,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,399,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $593,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $593,614 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $466,265 |
| 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 | $466,265 |
| Net assets without donor restrictions | $127,349 |
| 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 | $593,614 |
Grants Awarded
Over the last fiscal year, Florida Heart Research Foundation Inc has awarded $1,278,574 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA ATLANTIC UNIVERSITY FOUNDATION PURPOSE: RESEARCH SUPPORT | $187,253 |
FLORIDA INTERNATIONAL UNIVERSITY PURPOSE: RESEARCH SUPPORT | $615,592 |
MAYO CLINIC PURPOSE: RESEARCH SUPPORT | $190,729 |
MOUNT SINAI MEDICAL CENTER OF FLORIDA INC PURPOSE: RESEARCH SUPPORT | $285,000 |