Western Cardiac Foundation
- Assets
- $4.7m
- Revenue
- $325.5k
- Investments
- $3.9m
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 09/1965
- Data as of
- 12/2020
- EIN
- 95-6116853
Organization Overview
Western Cardiac Foundation is located in Sherman Oaks, CA. The organization was established in 1965. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Cardiac 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 12/2020, Western Cardiac Foundation generated $325.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $290.5k during the year ending 12/2020. While expenses have increased by 0.1% per year over the past 6 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.
Since 2014, Western Cardiac Foundation has awarded 28 individual grants totaling $1,709,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Kennamer Pres/director | 1 | $0 | |
Seaborn Kennamer Secy/director | 1 | $0 | |
Mary Ann Flinn V.p./director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $120,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $204,678 |
| Capital Gain Net Income | $204,678 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $325,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $161 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $55,495 |
| Contributions, gifts, grants paid | $235,000 |
| Total expenses and disbursements | $290,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $853,739 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,062 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,721,484 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Western Cardiac Foundation has awarded $235,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF ALABAMA BIRMINGHAM - SCHOOL OF MEDICINE PURPOSE: GENERAL | $175,000 |
UCLA FOUNDATION -DAVID GEFFEN SCHOOL OF MEDICINE PURPOSE: GENERAL | $30,000 |
Los Angeles, CA PURPOSE: GENERAL | $25,000 |
AKF PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Immaculate Heart Community Los Angeles, CA | $35,264,849 | $2,919,669 |
Hearthstone Housing Foundation Newport Beach, CA | $17,283,954 | $2,067,096 |
Arizona Heart Foundation Inc Phoenix, AZ | $1,160,440 | $1,577,723 |
Sacred Heart Retreat House Inc Alhambra, CA | $1,718,839 | $1,290,961 |
Stroke Recovery Center Palm Springs, CA | $3,020,560 | $1,080,068 |
Guardaheart Irvine, CA | $33,019 | $621,008 |
Eastern Vascular Society Inc Lake Oswego, OR | $952,514 | $661,234 |
National Cardiavascular Research Foundation Los Angeles, CA | $5,907,958 | $1,118,964 |
Breast Cancer Solutions Lake Forest, CA | $104,601 | $312,353 |
Childrens Heart Foundation Las Vegas, NV | $715,179 | $452,734 |
Western Cardiac Foundation Sherman Oaks, CA | $4,721,484 | $325,511 |
Stroke Awareness Foundation Campbell, CA | $355,273 | $246,722 |