Heart Disease Research Institute
- Assets
- $17.6k
- Revenue
- $82.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, AZ
- Founding
- 03/2006
- Data as of
- 09/2024
- EIN
- 51-0555174
Organization Overview
Heart Disease Research Institute, operating under the name Heart Disease Aid And Research Fund, is located in Glendale, AZ. The organization was established in 2006. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Disease Aid And Research Fund 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 09/2024, Heart Disease Aid And Research Fund generated $82.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $114.6k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS RESEARCH PROGRAMS AND TREATMENT OF PATIENTS WITH HEART DISEASE AND OTHER DEGENERATIVE DISEASES. IT SHIPS MEDICAL EQUIPMENT, SUPPLIES, AND HUMANITARIAN AID TO HOSPITALS AND CLINICS WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED FOR SHIPMENTS OF MEDICAL EQUIPMENT AND SUPPLIES TO ESPIRANZA DE VIDA IN GUATEMALA WHO PROVIDE ONGOING MEDICAL CARE TO THE NEEDY AND DISADVANTED CHILDREN AND PEOPLE OF THEIR AREAS. THE REGIONS THEY SERVE ARE TARGETED AREAS BY THE WORLD HEALTH ORGANIZATION TO COMBAT FAMINE AND VARIOUS DEGENERATIVE DISEASES. THE LACK OF PROPERLY STOCKED MEDICAL FACILITIES CONTRIBUTES TO THE ONGOING CHALLENCES OF SAVING LIVES.
THE ORGANIZATION SUPPORTS VARIOUS ONGOING RESEARCH PROJECTS AND PROGRAMS THAT TREAT HEART DISEASE AND OTHER DEGENERATIVE DISEASES. IT PROVIDES GRANTS AND SUPPORTS OTHER LIKE KIND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mackay President | OfficerTrustee | 15 | $26,175 |
Wes Woods Vice President | OfficerTrustee | 1 | $0 |
Bill Jeffers Treasurer/secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $27,470 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,356 |
| Noncash contributions included in lines 1a–1f | $40,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,826 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $82,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,082 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,175 |
| Compensation of current officers, directors, key employees. | $1,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,964 |
| Fees for services: Management | $720 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $390 |
| Advertising and promotion | $0 |
| Office expenses | $483 |
| Information technology | $3,233 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,962 |
| All other expenses | $0 |
| Total functional expenses | $114,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,071 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,543 |
| 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 | $17,614 |
| Accounts payable and accrued expenses | $4,712 |
| 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 | $4,712 |
| Net assets without donor restrictions | $12,902 |
| 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 | $17,614 |
Grants Awarded
Over the last fiscal year, Heart Disease Research Institute has awarded $39,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS CANCER AID RESEARCH INSTITUTE PURPOSE: Program Support | $10,000 |
TOGETHER WE FIGHT CANCER PURPOSE: Program Support | $10,000 |
CANCER AID RESEARCH FUND PURPOSE: Program Support | $9,500 |
FEED GOD'S HUNGRY CHILDREN PURPOSE: Program Support | $5,000 |
PHILIPPINE CHILDRENS HUNGRY FUND PURPOSE: Program Support | $5,000 |