Hope Heart Institute
- Assets
- $1.2m
- Revenue
- $382.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 05/1981
- Data as of
- 12/2021
- 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 12/2021, Hope Heart Institute generated $382.5k 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 (18.9%) each year. All expenses for the organization totaled $16.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (47.5%) 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
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 2021, THE HOPE HEART INSTITUTE CONTINUED ITS RESEARCH AND THERAPIES, SUCH AS GENETIC TESTING TO IDENTIFY THE BIO MARKERS FOR DIET, EXERCISE, AND BEHAVIOR, IN ORDER TO BETTER DESIGN A PERSONALIZED TREATMENT PLAN FOR THE INDIVIDUAL IN ORDER TO REDUCE THE RISK OF METABOLIC DISORDERS IN PATIENTS WHO MAY BE IMPACTED BY CARDIOVASCULAR DISEASE AND STROKE. THERE WERE 275 PATIENTS IN THE PROGRAM AND 90% REDUCED THEIR POTENTIAL FOR CARDIOVASCULAR/STROKE IMPACT.IN 2021, THE HOPE HEART INSTITUTE SENT OUT "IMMUNE SYSTEM AND COVID-19" SURVEY TO 800 RECIPIENTS AGES 60 AND ABOVE TO EVALUATE A LINK BETWEEN TAKING AN ACTIVE ROLE IN STAYING HEALTHY THROUGH A GOOD DIET AND FITNESS PROGRAM AND KEEPING HEART AND IMMUNE SYSTEM HEALTHY. THERE WERE 246 RESPONDENTS AND ONLY 8 INDIVIDUALS CONTRACTED COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Dedomenico MD Chair | OfficerTrustee | 1 | $0 |
Kathy Hollingsworth Chair-Elect | OfficerTrustee | 1 | $0 |
Judith Crane Treasurer | OfficerTrustee | 1 | $0 |
Jen Masterson Secretary | 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 | $382,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,457 |
| Total Program Service Revenue | $0 |
| Investment income | $51 |
| 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 | $382,508 |
| 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 | $1,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,835 |
| Advertising and promotion | $0 |
| Office expenses | $766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,970 |
| 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 | $1,450 |
| All other expenses | $90 |
| Total functional expenses | $16,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,093 |
| Savings and temporary cash investments | $1,124,479 |
| 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 | $1,171,572 |
| Accounts payable and accrued expenses | $639 |
| 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 | $639 |
| 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 | $1,170,933 |
| Total liabilities and net assets/fund balances | $1,171,572 |
Grants Awarded
Over the last fiscal year, Hope Heart Institute has awarded $227,932 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: RESEARCH ENDOWMENTS | $70,873 |
Seattle, WA PURPOSE: SCHOOL OF NURSING | $56,446 |
Seattle, WA PURPOSE: COLLEGE OF NURSING | $56,446 |
Seattle, WA PURPOSE: CARDIOVASCULAR EDUCATION | $36,667 |
Seattle, WA PURPOSE: MATRIX BIOLOGY | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Heart Institute has recieved totaling $125.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $125 |
Endowment Analysis
| Beg. Balance | $70,873 |
| Grants | $70,873 |
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 | $1,713,324 | $2,622,584 |
International Heart Institute Of Montana Foundation Missoula, MT | $0 | $569,331 |
Vascular Cures Redwood City, CA | $4,123,824 | $516,547 |
Corday Family Foundation Beverly Hills, CA | $3,739,280 | $630,247 |
Phaware Global Association Burbank, CA | $911,775 | $484,122 |
Foundation For Cardiovascular Medicine And Research San Diego, CA | $2,574,907 | $91,466 |
International Andreas Gruentzig Society San Francisco, CA | $294,706 | $375,804 |
Medvantage Research Inc Rocklin, CA | $65,702 | $0 |
International Pediatric Stroke Organization Inc San Francisco, CA | $343,019 | $397,760 |
Pediatric Congenital Heart Association Inc Snohomish, WA | $29,277 | $0 |