Cardiac Therapy Foundation Of The Midpeninsula
- Assets
- $823.1k
- Revenue
- $664.3k
- Investments
- $0.0
- Employees
- 31
- Location
- Palo Alto, CA
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 77-0336212
Organization Overview
Cardiac Therapy Foundation Of The Midpeninsula, operating under the name HeaertFit for Life, is located in Palo Alto, CA. The organization was established in 1993. According to its NTEE Classification (G40) the organization is classified as: Diseases of Specific Organs, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, HeaertFit for Life employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. HeaertFit for Life 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 12/2022, HeaertFit for Life generated $664.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $536.5k during the year ending 12/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CARDIAC, PULMONARY AND DIABETIC PREVENTIVE CARE AND REHABILITATION THROUGH MEDICAL EVALUATION, EXERCISE THERAPY AND EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICALLY SUPERVISED EXERCISE, EDUCATIONAL AND NUTRITION PROGRAMS FOR MEMBERS. ALL MEMBERS ARE REFERRED TO THE PROGRAM BY THEIR DOCTORS TO ADDRESS CARDIAC, PULMONARY, DIABETIC AND RELATED DISEASES FOR REHAB AND ON-GOING HEALTH MAINTENANCE. PARTICIPANTS REMAIN IN THE PROGRAM FOR VARYING LENGHTS OF TIME, SOME FOR 3-6 MONTHS AND SOME FOR MANY YEARS TO MAINTAIN A HEALTHY LIFESTYLE AND EXERCISE ROUTINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Hansen President And Director | OfficerTrustee | 4 | $0 |
Sondra Murphy Director And Vice-President | OfficerTrustee | 2 | $0 |
Carl Thomsen CFO | Officer | 4 | $0 |
Robin Wedell Program Director | Officer | 36 | $0 |
Dudley Andersen Director | Trustee | 2 | $0 |
Paul Davis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,102 |
| Total Program Service Revenue | $311,435 |
| Investment income | $14,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $664,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $112,132 |
| Compensation of current officers, directors, key employees. | $28,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,436 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,751 |
| Office expenses | $10,367 |
| Information technology | $2,346 |
| Royalties | $0 |
| Occupancy | $17,020 |
| 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 | $21,915 |
| Insurance | $5,688 |
| All other expenses | $5,461 |
| Total functional expenses | $536,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,515 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,958 |
| 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 | $4,775 |
| Net Land, buildings, and equipment | $43,079 |
| Investments—publicly traded securities | $611,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $823,071 |
| Accounts payable and accrued expenses | $1,330 |
| 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 | $14,099 |
| Total liabilities | $15,429 |
| 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 | $144,350 |
| Retained earnings, endowment, accumulated income, or other funds | $663,292 |
| Total liabilities and net assets/fund balances | $823,071 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cardiac Therapy Foundation Of The Midpeninsula has recieved totaling $28,892.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $18,500 |
Sutter Bay Medical Foundation Sacramento, CA PURPOSE: PROGRAM SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Myotonic Dystrophy Foundation Oakland, CA | $5,846,076 | $2,383,618 |
Cardiac Therapy Foundation Of The Midpeninsula Palo Alto, CA | $823,071 | $664,303 |
Heal Child Skin Disease Foundation Walnut Creek, CA | $397,470 | $347,007 |
Livermore High Cowboy Boosters Livermore, CA | $138,269 | $283,880 |
Rotarian Foundation Of Livermore Livermore, CA | $3,533,283 | $1,979,289 |
Viking Charities Inc Solvang, CA | $2,460,952 | $497,343 |
Hepatitis C Clinical Education Group Inc Garden Grove, CA | $68,034 | $0 |
Interventional Initiative Alamo, CA | $228,970 | $231,749 |
Western Urological Foundation Santa Ana, CA | $1,660,959 | $146,142 |
Pulmonary Fibrosis Now Inc Chino, CA | $166,149 | $0 |
Ovarian Cancer Alliance Of Arizona Phoenix, AZ | $55,395 | $0 |
Victory Church Of Deliverance Vallejo, CA | $175,557 | $0 |