Foundation For The Advancement Of Cardiovascular Therapy in Los Angeles, California (CA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Foundation For The Advancement Of Cardiovascular Therapy | |
| Employer Identification Number (EIN) | 201818124 |
| Name of Organization | Foundation For The Advancement Of Cardiovascular Therapy |
| In Care of Name | Ray V Matthews |
| Address | 1245 Whilshire Blvd 703, Los Angeles, CA 90017 |
| Subsection | Scientific Organization |
| Ruling Date | 11/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $5,682 |
| Amount of Income | $327,489 |
| Form 990 Revenue Amount | $229,875 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Kidney Research |
Non-representatives - add comments:
Amount of income in 2010: $327,489 (it was $229,875 in 2011)
| This organization: | $327,489 |
| Other organizations performing similar types of work: | $112,630 |
Assets in 2010: $5,682 (it was $11,648 in 2011)
| This organization: | $5,682 |
| Other organizations performing similar types of work: | $147,485 |
Expenses in 2011: $211,911
| This organization: | $211,911 |
| Other organizations performing similar types of work: | $57,305 |
Income to expenses ratio in 2011: 1.5
| Foundation For The Advancement Of Cardiovascular Therapy: | 1.5 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 78.0% |
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $229,875 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $229,875 | |||
| Total expenses and disbursements | $211,911 | $0 | $0 | $211,911 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $211,911 | $0 | $211,911 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $17,964 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $11,648 | $11,648 |
| Cash - non-interest-bearing | $8,207 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,441 | |
| Total liabilities | $4,400 | |
| Mortgages and other notes payable | $0 | |
| Other | $4,400 | |
| Total liabilities and net assets/fund balances | $7,248 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $553,244 | $553,244 |
| Qualifying distributions made directly for active conduct of exempt activities | $211,911 | $382,257 | $422,368 | $553,244 | $1,569,780 |
| Value of all assets | $11,648 | $5,682 | $44,550 | $232,410 | $294,290 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $11,648 | $5,682 | $44,550 | $232,410 | $294,290 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Asn Foundation For Kidney Research | 1510 H Street Nw Suite 800, Washington, DC 20005 | DC | 2013-03 | $25,450,550 |
| 2 | Siut North America Inc | 1 E Rivercrest Dr, Houston, TX 77042-2513 | TX | 2001-12 | $719,168 |
| 3 | Foundation For The Advancement Of Cardiovascular Therapy | 1245 Whilshire Blvd 703, Los Angeles, CA 90017 | CA | 2005-11 | $327,489 |
| 4 | Renal Research Inc | 1415 La Concha Ln, Houston, TX 77054-1801 | TX | 2001-12 | $182,349 |
| 5 | Guts Gear Inc | 500 E Court Ave Ste 200, Des Moines, IA 50309-2057 | IA | 2012-09 | $112,630 |
| 6 | National Kidney Foundation Of North Texas Camp Reynal Inc, Camp Reynal | 5429 Lbj Freeway, Dallas, TX 75240-2607 | TX | 2007-10 | $96,227 |
| 7 | Confederacion Americana De Urologia Cau Inc | 8025 Nw 36th St Ste 302, Doral, FL 33166-6625 | FL | 2002-01 | $63,197 |
| 8 | John E Lewy Foundation For Childrens Health | 3400 Research Forest Drive Suite B7, The Woodlands, TX 77381 | TX | 2011-05 | $7,038 |
| 9 | Childrens Kidney Fund Inc | 951 E Byrd St, Richmond, VA 23219-4040 | VA | 2001-10 | $0 |
| 10 | Council Of American Kidney Societies | 1725 I Street Nw Suite 510, Washington, DC 20006 | DC | 2001-02 | $0 |
| 11 | Foundation To Improve Nutrition In The Antelope Valley | 45104 10th Street West, Lancaster, CA 93534 | CA | 2004-09 | $0 |
| 12 | Justins Kidney Inc | 3721 Rock Dove Way, N Las Vegas, NV 89084-2603 | NV | 2014-06 | $0 |
| 13 | Kidney Care Institute Centers For Wellness And Research | 1711 West Temple St Ste 7200, Los Angeles, CA 90026 | CA | 2011-09 | $0 |
| 14 | Michigan Dialysis Research And Education Inc | 21701 W 11 Mile Rd, Southfield, MI 48076 | MI | 2014-05 | $0 |
| 15 | Parathyroid & Kidney Foundation | 1839 Huntertown Road, Versailles, KY 40383 | KY | 2011-11 | $0 |
| 16 | Salvadoran Renal Foundation Inc | 2452 Bronx Park East, Bronx, NY 10467 | NY | 2014-08 | $0 |
| 17 | Society For The Advancement Of Vascular Education And Research | P O Box 1625, Doylestown, PA 18901 | PA | 2006-04 | $0 |
| 18 | Team Green Inc | 3654 Meadow Chase Drive, Marietta, GA 30062 | GA | 2008-09 | $0 |
| 19 | Transplant Success Inc | P O Box 2245, Douglasville, GA 30133 | GA | 2003-10 | $0 |
| 20 | World Foundation For Renal Care Inc | 10 Pepper Ln, Loudonville, NY 12211-2318 | NY | 2003-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||
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| Total | 21 | ||||||||||||||||||||||||||
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