Heineman-Robicsek Foundation Inc
- Assets
- $11.3m
- Revenue
- $5.9m
- Investments
- $434.6k
- Employees
- 5
- Location
- Charlotte, NC
- Founding
- 01/1960
- Data as of
- 12/2023
- EIN
- 56-6023076
Organization Overview
Heineman-Robicsek Foundation Inc is located in Charlotte, NC. The organization was established in 1960. 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. As of 12/2023, Heineman-Robicsek Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heineman-Robicsek 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, Heineman-Robicsek Foundation Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 8 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
TO PROVIDE RESEARCH OPPORTUNITIES TO ACQUIRE KNOWLEDGE OF THE DEVELOPMENTS IN MEDICAL CARE. TO DELIVER USED/REFURBISHED MEDICAL EQUIPMENT AND OFFER EDUCATIONAL ASSISTANCE GLOBALLY TO PROMOTE SUSTAINABLE HEALTH CARE AND IMPROVE LIVING STANDARDS IN UNDESERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEINEMAN-ROBICSEK FOUNDATION, INC. (HRF) HAS A 50-YEAR HISTORY OF DELIVERING SUSTAINABLE HEALTHCARE TO CLINICALLY UNDERSERVED COUNTRIES THROUGH THE DONATION OF MEDICAL EQUIPMENT AND SUPPLIES AND BY OFFERING MEDICAL EDUCATION AND TRAINING TO HEALTH PROVIDERS GLOBALLY. ITS MAJOR ACHIEVEMENTS INCLUDE: INITIATED THE FIRST INVASIVE CARDIOLOGY AND HEART SURGICAL PROGRAMS IN THREE COUNTRIES; STARTED VASCULAR SURGERY IN ANTIGUA, WEST INDIES; CO-FOUNDED THE FIRST HEART INSTITUTE (UNICAR) IN CENTRAL AMERICA; FULLY EQUIPPED THE FIRST CHILDREN'S HOSPITAL IN HONDURAS; DELIVERED 10 INTENSIVE CARE UNITS; INSTALLED 7 HEART CATHETERIZATION LABORATORIES; FURNISHED OUTPATIENT CLINICS AND PUBLIC HEALTH INSTITUTES; IMPLEMENTED A NETWORK OF 16 NON-INVASIVE CARDIAC ECHO STATIONS IN CENTRAL AMERICA AND THE CARIBBEAN, WITH MORE BEING ADDED; ESTABLISHED THE FIRST PUBLIC WOMENS BREAST CANCER SCREENING UNIT IN BELIZE; DEPLOYED A MOBILE MEDICAL CLINIC IN NICARAGUA; AND EQUIPPED OPERATING THEATERS. IN ADDITION TO OUR MEDICAL INITIATIVES, HRF IS ALSO INVOLVED IN CLINICAL AND PUBLIC EDUCATIONAL PROGRAMS. IN 2012, HRF PARTNERED WITH FUNDACIN SERGIO PAIZ ANDRADE (FUNSEPA), A GUATEMALAN NON-PROFIT ORGANIZATION, WHO REFURBISHES COMPUTERS DONATED BY HRF AND DISSEMINATES THEM TO THE RURAL PUBLIC SCHOOLS THROUGHOUT GUATEMALA. HRF RECEIVES NUMEROUS REQUESTS FOR DONATIONS EACH YEAR. DONEES ARE VETTED BY HRF BOARD MEMBERS, IN-COUNTRY PARTNERS, AND VOLUNTEERS, AS WELL AS U.S. ORGANIZATIONS WORKING IN THE SAME LOCATION WHO HAVE KNOWLEDGE OF THE PROPOSED DONEE. THE REQUEST FOR SUPPORT IS REVIEWED BY THE HEINEMAN EXECUTIVE COMMITTEE AND THEN SELECTED. DONEES WHO RECEIVE SUPPORT MAINTAIN AN ONGOING RELATIONSHIP WITH HRF, WHICH PERMITS HRF TO CONFIRM THAT THE DONATION IS BEING USED FOR THE INTENDED PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Johnson Executive Dir. | Officer | 25 | $51,500 |
Daniel G Aceti Treasurer/secre | OfficerTrustee | 1 | $0 |
Mr Anders Bergendahl Board Member | OfficerTrustee | 1 | $0 |
Mrs Maria Bergendahl Board Member | Trustee | 1 | $0 |
Mr James J Bissell Board Member | Trustee | 1 | $0 |
Christopher Ha Cecil Board Member | 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 | $5,698,211 |
| Noncash contributions included in lines 1a–1f | $1,059,020 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,698,211 |
| Total Program Service Revenue | $0 |
| Investment income | $178,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,400 |
| 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 | $5,890,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,329 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,179,577 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,000 |
| Compensation of current officers, directors, key employees. | $13,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,004 |
| Payroll taxes | $16,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,041 |
| Fees for services: Other | $50,037 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,850 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,127 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,117 |
| Insurance | $9,690 |
| All other expenses | $254 |
| Total functional expenses | $1,821,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,462,526 |
| Savings and temporary cash investments | $558,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,511 |
| 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 | $4,869 |
| Net Land, buildings, and equipment | $6,338 |
| Investments—publicly traded securities | $8,851,116 |
| Investments—other securities | $434,573 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,321,797 |
| Accounts payable and accrued expenses | $4,267 |
| Grants payable | $90,490 |
| 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 | $94,757 |
| Net assets without donor restrictions | $5,645,859 |
| Net assets with donor restrictions | $5,581,181 |
| 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 | $11,321,797 |
Grants Awarded
Over the last fiscal year, Heineman-Robicsek Foundation Inc has awarded $231,865 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINAS HEALTHCARE FOUNDATION PURPOSE: RESEARCH | $105,000 |
FOUNDATION FOR THE CAROLINAS PURPOSE: MEDICAL ASSISTANCE | $126,865 |