Cardiovascular Medical Research And Education Fund Inc in Philadelphia, Pennsylvania (PA)
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
| Cardiovascular Medical Research And Education Fund Inc | |
| Employer Identification Number (EIN) | 050579911 |
| Name of Organization | Cardiovascular Medical Research And Education Fund Inc |
| In Care of Name | Michael D Fishbein Esquire |
| Address | 510 Walnut St Ste 500, Philadelphia, PA 19106-3625 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $11,811,636 |
| Amount of Income | $2,502,105 |
| Form 990 Revenue Amount | $333,994 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Heart, Circulatory Research |
Non-representatives - add comments:
Amount of income in 2013: $2,502,105 (it was $4,381,010 in 2012)
| This organization: | $2,502,105 |
| Other organizations performing similar types of work: | $161,829 |
Assets in 2013: $11,811,636 (it was $15,238,362 in 2012)
| Cardiovascular Medical Research And Education Fund Inc: | $11,811,636 |
| Other organizations performing similar types of work: | $144,635 |
Expenses in 2012: $3,756,722
| Cardiovascular Medical Research And Education Fund Inc: | $3,756,722 |
| Other organizations performing similar types of work: | $114,309 |
Income to expenses ratio in 2012: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 99.5% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $381,005 | $381,005 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $372,586 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $8,419 | |||
| Total expenses and disbursements | $3,756,722 | $0 | $0 | $3,641,703 |
| Compensation of officers, directors, trustees, etc. | $53,750 | |||
| Total operating and administrative expenses | $144,047 | $0 | $29,028 | |
| Contributions, gifts, grants paid | $3,612,675 | |||
| Excess of revenue over expenses and disbursements | $-3,375,717 | |||
| Net investment income | $381,005 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,238,362 | $15,250,201 |
| Cash - non-interest-bearing | $251,831 | |
| Investments-U.S. and state government obligations | $1,007,213 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $8,058,705 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $5,920,613 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $15,238,362 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $8,419 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $7,620 |
| Total credits and payments | $13,470 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,340 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $10,130 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $54 |
| Tax due | $0 |
| Overpayment | $5,796 |
| Amount to be credited to 2013 estimated tax | $5,796 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $16,600,064 |
| Net value of noncharitable-use assets | $16,351,060 |
| Minimum investment return | $817,553 |
| Distributable Amount (for 2012) | |
| Distributable amount | $809,933 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $809,933 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 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 | Leducq Foundation For Cardiovascular Research | 800 Gessner Rd Ste 1260, Houston, TX 77024-4273 | TX | 2012-04 | $23,784,215 |
| 2 | Healthcorps Inc | 75 Broad St # 24, New York, NY 10004-2415 | NY | 2008-05 | $7,875,543 |
| 3 | Main Line Health Heart Center | 100 Lancaster Ave, Wynnewood, PA 19096-3450 | PA | 1982-05 | $2,994,175 |
| 4 | Cardiovascular Medical Research And Education Fund Inc | 510 Walnut St Ste 500, Philadelphia, PA 19106-3625 | PA | 2003-10 | $2,502,105 |
| 5 | The Consortium For Southeastern Hypertension Control | PO BOX 5097, Winston Salem, NC 27113-5097 | NC | 1995-11 | $1,476,681 |
| 6 | Lancaster Heart And Stroke Foundation | 131 E Frederick St, Lancaster, PA 17602-2222 | PA | 1993-09 | $569,272 |
| 7 | Society Of Cardiovascular Anesthesiologists Foundation, Sca Foundation | Anesthesiologists Foundation 2805 M, Richmond, VA 23235 | VA | 2008-09 | $539,414 |
| 8 | Texas Arrhythmia Institute | 5090 Richmond Ave, Houston, TX 77056-7402 | TX | 1997-05 | $522,647 |
| 9 | University Of Louisville And Jewish Heritage Fund For Excellence Cardi | 302 E Muhammad Ali Blvd, Louisville, KY 40202-1572 | KY | 2008-02 | $286,902 |
| 10 | Allegheny Heart Institute | 320 E North Ave, Pittsburgh, PA 15212-4756 | PA | 1983-03 | $211,128 |
| 11 | World Stroke Organization | 501 W Colfax St, Palatine, IL 60067-2545 | IL | 2014-08 | $168,242 |
| 12 | Body For The Ages Non Profit | 1801 Bush St, San Francisco, CA 94109 | CA | 2007-12 | $156,131 |
| 13 | Pulmonary Pathology Society Inc | 12199 East Mercer Lane, Scottsdale, AZ 85259 | AZ | 2010-05 | $142,397 |
| 14 | Virginia Cardiac Surgery Quality Initiative | 2921 Telestar Ct, Falls Church, VA 22042-1205 | VA | 2004-12 | $137,448 |
| 15 | Milestones For Megan | 113 French Creek Road, Pottstown, PA 19465 | PA | 2004-04 | $48,889 |
| 16 | Delaware Valley Sts Quality Improvement Initiative | C/O Mary Ann Wertan 100 Lancaster, Wynnewood, PA 19096 | PA | 2004-12 | $47,400 |
| 17 | American Society For Electrocardiography | 3612 Canby Dr, Philadelphia, PA 19154-2008 | PA | 2007-08 | $0 |
| 18 | Cardiovascular Foundation Of Chester County | 993 Old Eagle School Rd Ste 415, Wayne, PA 19087-1710 | PA | 2005-11 | $0 |
| 19 | Ellies Heart Foundation | 750 Belmont Avenue, Williamsport, PA 17701 | PA | 2014-07 | $0 |
| 20 | Institute For Advanced Oral-Physical Health | 1717 W Chester Pike, Havertown, PA 19083-2927 | PA | 2007-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 152 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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