Hope Heart Institute
- Assets
- $1.4m
- Revenue
- $60.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 05/1981
- Data as of
- 12/2023
- EIN
- 91-1138000
Organization Overview
Hope Heart Institute is located in Bellevue, WA. The organization was established in 1981. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, 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. Hope Heart Institute 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, Hope Heart Institute generated $60.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $22.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (41.0%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HOPE HEART INSTITUTE IS SERVING HUMANITY THROUGH CARDIOVASCULAR RESEARCH AND EDUCATION. WE ARE DEDICATED TO PREVENTING AND TREATING HEART AND BLOOD VESSEL DISEASE AND IMPROVING QUALITY OF LIFE FOR ALL AT RISK OF OR AFFECTED BY THE DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE HOPE HEART INSTITUTE DELIVERED RESEARCH, EDUCATION, AND HOPE TO THOSE IN THE PACIFIC NORTHWEST WHO ARE AT RISK OR HAVE BEEN IMPACTED BY CARDIOVASCULAR DISEASE.THROUGH RESEARCH, THE HOPE STRIVES TO DISCOVER BREAKTHROUGH TREATMENTS TO REDUCE AND PREVENT METABOLIC DISORDERS, WHICH INCLUDE CORRECTING OVERWEIGHT/OBESITY, HIGH CHOLESTEROL, HYPERTENSION, PRE-TYPE 2 DIABETES, TYPE 2 DIABETES AND OTHERS WHICH CAUSE STROKE AND CARDIOVASCULAR DISEASE.THROUGH ITS COMMUNITY EVENTS AND SPONSORSHIPS, THE HOPE REACHED MORE THAN 250 COMMUNITY MEMBERS WITH OUTREACH AND EDUCATIONAL MATERIALS PROVIDING TOOLS TO IMPROVE HEART-HEALTH AND REDUCE THE RISK OF STROKE AND CARDIOVASCULAR DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Dedomenico MD Chair | OfficerTrustee | 1 | $0 |
Kathy Hollingsworth Secretary/treasurer | OfficerTrustee | 1 | $0 |
Judith Crane Chair-Elect | OfficerTrustee | 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 | $14,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,594 |
| Total Program Service Revenue | $0 |
| Investment income | $45,519 |
| 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 | $60,113 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,505 |
| 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 | $1,705 |
| All other expenses | $130 |
| Total functional expenses | $22,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,844 |
| Savings and temporary cash investments | $1,359,404 |
| 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 | $1,400,248 |
| Accounts payable and accrued expenses | $120 |
| 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 | $120 |
| 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 | $1,400,128 |
| Total liabilities and net assets/fund balances | $1,400,248 |
Grants Awarded
Over the last fiscal year, Hope Heart Institute has awarded $227,932 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BENAROYA RESEARCH INSTITUTE PURPOSE: MATRIX BIOLOGY | $7,500 |
UNIVERSITY OF WASHINGTON FOUNDATION PURPOSE: RESEARCH ENDOWMENTS | $70,873 |
UNIVERSITY OF WASHINGTON FOUNDATION PURPOSE: SCHOOL OF NURSING | $56,446 |
SOUTH PARK INFORMATION AND RESOURCE CENTER PURPOSE: CARDIOVASCULAR EDUCATION | $36,667 |
SEATTLE UNIVERSITY PURPOSE: COLLEGE OF NURSING | $56,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Medical Research Institute Marina Del Rey, CA | $238,934,185 | $27,561,662 |
Preventive Medicine Research Institute Sausalito, CA | $3,221,118 | $4,432,496 |
Vascular Cures Redwood City, CA | $3,787,443 | $2,153,452 |
Semler Institue For Stress Management Research And Education Portland, OR | $266,380 | $115,716 |
International Heart Institute Of Montana Foundation Missoula, MT | $0 | $569,331 |
Foundation For Cardiovascular Medicine And Research San Diego, CA | $2,000,280 | $57,382 |
Corday Family Foundation Los Angeles, CA | $3,759,780 | $486,417 |
International Andreas Gruentzig Society San Francisco, CA | $285,770 | $473,477 |
Medvantage Research Inc Rocklin, CA | $43,336 | $0 |
Phaware Global Association Burbank, CA | $858,901 | $101,509 |
Conquering Congenital Heart Disease Snohomish, WA | $29,277 | $0 |
International Pediatric Stroke Organization Inc San Francisco, CA | $321,642 | $0 |