Alaska Cardiovascular Research Foundation Inc
- Assets
- $149.3k
- Revenue
- $115.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 74-3076026
Organization Overview
Alaska Cardiovascular Research Foundation Inc is located in Anchorage, AK. The organization was established in 2007. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Cardiovascular 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 12/2021, Alaska Cardiovascular Research Foundation Inc generated $115.3k 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 (7.8%) each year. All expenses for the organization totaled $113.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION, TRAINING, AND EQUIPMENT TO IMPROVE HEALTH CARE SERVICES IN THE STATE OF ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST PHYSICIANS, HOSPITALS, SCIENTISTS, AND OTHERS TO LOCATE AND SECURE RESEARCH OPPORTUNITIES; TO ASSIST WITH EDUCATIONAL OPPORTUNITIES; TO PARTICIPATE IN STUDIES IN ORDER TO PROVIDE THE OPPORTUNITY FOR USE OF NEW MEDICATIONS AND DEVICES; AND TO IMPROVE HEALTH CARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Kelly Executive Director | Officer | 20 | $51,328 |
Michael Haugen MD President | OfficerTrustee | 1 | $0 |
Paul Peterson MD Vice President | OfficerTrustee | 1 | $0 |
James Brooks Secretary/treasurer, Resigned | OfficerTrustee | 1 | $0 |
Mark Wilcox MD Board Member | Trustee | 1 | $0 |
Tom Nighswander MD 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 | $29,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,745 |
| Total Program Service Revenue | $80,513 |
| 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 | $115,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,328 |
| 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 | $250 |
| Fees for services: Accounting | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $2,296 |
| All other expenses | $0 |
| Total functional expenses | $113,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,314 |
| Savings and temporary cash investments | $0 |
| 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 | $149,314 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $149,314 |
| Total liabilities and net assets/fund balances | $149,314 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alaska Cardiovascular Research Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Alaska Community Foundation Anchorage, AK | | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Northwest Research Institute Seattle, WA | $26,418,293 | $6,927,038 |
Washington Research Licensing Foundation Seattle, WA | $0 | $2,272,647 |
South Park Area Redevelopment Committee Seattle, WA | $99,627 | $311,665 |
Washington Academy Of Family Physicians Foundation Bellevue, WA | $1,458,760 | $154,822 |
St Laurent Institute Inc Vancouver, WA | $432,802 | $120,000 |
The Diabesity Institute Seattle, WA | $20,809 | $0 |
School Information And Research Service Inc Tumwater, WA | $81,091 | $0 |
Alaska Cardiovascular Research Foundation Inc Anchorage, AK | $149,314 | $115,258 |
Sound Choice Pharmaceutical Institute Seattle, WA | $143,141 | $40,956 |
Tahoma Clinic Foundation Tukwila, WA | $823,199 | $128,017 |
Institute Of Qigong & Integrative Medicine Indianola, WA | $0 | $0 |
Northwest Medical Teaching & Research Foundation Redmond, WA | $106,236 | $0 |