Saloni Heart Foundation
- Assets
- $344.9k
- Revenue
- $221.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-2417088
Organization Overview
Saloni Heart Foundation is located in San Jose, CA. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saloni Heart Foundation 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, Saloni Heart Foundation generated $221.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $65.7k during the year ending 12/2023. 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
IMPROVE THE QUALITY OF MEDICAL CARE BY FACILITATING ACCESS TOMEDICAL RESOURCES AND INFORMATION: LAUNCHED THE FIRST PHASEOF A SALONI HEART CENTER, EXCELLENCE IN CHILDRENS HEART CARE,INDIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION 1- IMPROVE THE QUALITY OF MEDICAL CARE BY FACILITATING ACCESS TO MEDICAL RESOURCES, INFORMATION, MEDICAL TRAINING, MEDICAL MISSIONS RESEARCH AND CAPACITY DEVELOPMENT. SALONI HEART FOUNDATION (SHF) FACILITATED THE FIRST PHASE OF CENTER FOR EXCELLENCE IN PEDIATRIC CARDIAC HEALTH CARE IN COLLABORATION WITH SANJAY GANDHI POST GRADUATE INSTITUTE OF MEDICAL SCIENCE LUCKNOW, INDIA (A GOVERNMENT OF INDIA ENTITY), CALLED SALONI HEART CENTER (SHC), EXCELLENCE IN CHILDRENS HEART CARE. IN SEP 2023 SHF CONTRIBUTED TOWARDS INITIATING A SMALL UNIT (36 BED), LATER THAT WILL EXPAND TO 200 BEDS. THIS CENTER WILL TREAT CHILDREN, TRAIN AND TEACH MEDICAL STAFF, AND GIVE OPPORTUNITY FOR RESEARCH AND DEVELOPMENT. AT FULL CAPACITY IT WILL PERFORM 5,000 LIFE SAVING SURGERIES, 10,000 MEDICAL MANAGEMENT EACH YEAR AND TRAIN 1,500 NEW MEDICAL PROFESSIONALS. THIS WILL BE THE WORLDS LARGEST PEDIATRIC CARDIAC HEALTH CENTER, TO SERVE THE CHILDREN OF THE WORLD. MISSION :2 FACILITATE IN PROVIDING FREE UNBIASED CONSULTATION FROM THE WORLDS TOP DOCTORS TO FAMILIES OF CHILDREN BORN WITH COMPLEX HEART CONDITIONS. IN 2023 TOTAL 8000+ NUMBER OF PATIENTS CONTACTED US THROUGH ADVERTISEMENTS, WEBSITE SOCIAL MEDIA ADS. WE PROVIDED FREE & UNBIASED SECOND OPINION, FINANCIAL AID GUIDANCE, AND PATIENT ADVOCACY TO 600+ MISSION # 3 ADVANCE EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN THE FIELD OF MEDICINE THROUGH SCHOLARSHIP GRANTS: 14 ECONOMICALLY UNDERPRIVILEGED COLLEGE STUDENTS STUDYING MEDICINE. NEW PROGRAM : TO PERFORM HEART SURGERIES ON CHILDREN - FUNDING COST OF SURGERY. DURING 2023 WE SUPPORTED THE COST OF HEART SURGERIES, SAVING LIVES OF 5 UNDERPRIVILEGED CHILDREN WITH CONGENITAL HEART DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shuchi Sarkar Bod & Marketing Chair | OfficerTrustee | 1 | $0 |
Himanshu Seth Executive Chairman And Bod | OfficerTrustee | 10 | $0 |
Mrinalini Seth Director & President | OfficerTrustee | 30 | $0 |
Varun Gariney Treasurer | Officer | 1 | $0 |
Girish Badola Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,183 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,140 |
| Total Program Service Revenue | $0 |
| Investment income | $3,110 |
| 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 | $221,250 |
| 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 | $21,047 |
| 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 | $1,596 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,398 |
| Office expenses | $2,670 |
| Information technology | $664 |
| Royalties | $0 |
| Occupancy | $8,609 |
| Travel | $15,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $823 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $172 |
| All other expenses | $6,089 |
| Total functional expenses | $65,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,262 |
| Savings and temporary cash investments | $314,640 |
| 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 | $344,902 |
| Accounts payable and accrued expenses | $946 |
| 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 | $946 |
| 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 | $100 |
| Retained earnings, endowment, accumulated income, or other funds | $343,856 |
| Total liabilities and net assets/fund balances | $344,902 |