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← CARDIOVASCULAR RESEARCH FOUNDATIONOF SOUTHERN CALIFORNIA

Form 990 for tax year 2022

Filed by CARDIOVASCULAR RESEARCH FOUNDATIONOF SOUTHERN CALIFORNIA.

Totals

Total revenue
$559,378
Total expenses
$612,478
Contributions and grants received
$320,906
Grants paid
$35,500
Program service revenue
$193,930
Investment income
$43,284
Other revenue
$1,258
Total assets, end of year
$2,375,503
Total liabilities, end of year
$1,893
Net assets or fund balances, end of year
$2,373,610
Program services expenses (Part IX)
$433,965
Management and general expenses
$82,924
Fundraising expenses
$95,589
Program service expenses (Part III)
$433,965

Program services were 70.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $320,906

  • 1g · Noncash contributions included above

    $1,427

  • 2a · Program service revenue: RESEARCH AND EDUCATION

    total $193,930 · related or exempt $193,930

  • 3 · Investment income

    total $43,284 · excluded $43,284

  • 11a · Other revenue: OTHER REVENUE

    total $1,258 · excluded $1,258

  • 11e · Other revenue, total

    $1,258

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,000 · program services $18,000

  • 2 · Grants to domestic individuals

    total $17,500 · program services $17,500

  • 5 · Compensation of officers, directors and key employees

    total $139,000 · program services $75,000 · management and general $35,000 · fundraising $29,000

  • 7 · Other salaries and wages

    total $104,694 · program services $104,694

  • 9 · Other employee benefits

    total $10,108 · program services $10,108

  • 10 · Payroll taxes

    total $7,463 · program services $7,463

  • 11b · Fees: legal

    total $6,800 · management and general $6,800

  • 11c · Fees: accounting

    total $10,050 · management and general $10,050

  • 11e · Fees: professional fundraising services

    total $711 · fundraising $711

  • 11g · Fees: other

    total $38,737 · program services $31,877 · management and general $6,860

  • 12 · Advertising and promotion

    total $34,552 · fundraising $34,552

  • 13 · Office expenses

    total $44,128 · program services $3,561 · management and general $9,241 · fundraising $31,326

  • 14 · Information technology

    total $3,765 · management and general $3,765

  • 16 · Occupancy

    total $59,860 · program services $59,860

  • 17 · Travel

    total $9,075 · program services $9,075

  • 22 · Depreciation, depletion and amortization

    total $1,602 · management and general $1,602

  • 23 · Insurance

    total $6,037 · management and general $6,037

  • 24a · Other expenses: RESEARCH

    total $84,403 · program services $84,403

  • 24b · Other expenses: COUNTINUING EDUCATION

    total $10,924 · program services $10,924

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,225 · management and general $3,225

  • 24d · Other expenses: CLINICAL EXPENSES

    total $1,500 · program services $1,500

  • 24e · All other expenses

    total $344 · management and general $344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,156 · end of year $12,039

  • 2 · Savings and temporary cash investments

    beginning of year $1,505,799 · end of year $132,114

  • 10a · Land, buildings and equipment: cost or other basis

    $38,010

  • 10b · Land, buildings and equipment: accumulated depreciation

    $38,010

  • 10c · Land, buildings and equipment, net

    beginning of year $34 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $768,061 · end of year $2,231,350

  • 25 · Other liabilities

    beginning of year $1,893 · end of year $1,893

  • 27 · Net assets without donor restrictions

    beginning of year $2,438,157 · end of year $2,373,610

Mission and programs · 2022

Mission

TO IMPROVE THE PROGNOSIS AND QUALITY OF LIFE OF PATIENTS WITH CARDIOVASCULAR DISEASE.

Activities or mission (Part I)

TO FUND, SUPPORT AND CONDUCT INNOVATIVE RESEARCH AND EDUCATION FOR THE ADVANCEMENT OF THE DIAGNOSIS AND TREATMENT OF CARDIOVASCULAR DISEASE.

  • TO FUND, SUPPORT AND CONDUCT RESEARCH THAT POTENTIALLY COULD BE A "GAME CHANGER" IN THE DIAGNOSIS AND TREATMENT OF CARDIOVASCULAR DISEASE.

    Expenses $433,965 · Grants $20,500 · Revenue $193,930

  • TO EDUCATE PATIENTS AND CONTRIBUTORS ABOUT:* THE FOUNDATION'S PURSUIT OF NEW CLINICAL SOLUTIONS* WHAT IS HAPPENING IN CARDIOVASCULAR RESEARCH AND TECHNOLOGY* WHAT THEY CAN DO TO PROTECT AND IMPROVE THEIR OWN CARDIOVASCULAR HEALTH

  • TO RAISE AWARENESS OF THE LATEST TECHNIQUES AND THERAPIES IN THE DIAGNOSIS AND TREATMENT OF CARDIOVASCULAR DISEASE BOTH IN THE MEDICAL COMMUNITY AND THE GENERAL PUBLIC.

As filed on the 2022 return.

Listed in Part VII

  • Ronald P Karlsberg MD

    CEO/PRESIDENT

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Eli Gang MD

    VICE PRESIDENT

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Gary Hampar

    CFO/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Peggy C Frank

    SECRETARY/EXECUTIVE DIRECTOR

    Total calculated
    $54,000
    From this org
    $54,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Bahador Mahboubi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Beverly Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Bryan Lewitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Carlos Quesada MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Constance Towers Gavin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Dan Stern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Daryoush Mahboubi-Fardi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • D Gregory Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Eddie Kandela

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Larry Gold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Martin Wolff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Maurice Lewitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Michael Weinper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Moe Nozari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Peter Rich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Teresa Y Freeborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
31 July 2023
IRS schema version
2022v5.0
Source object
202322219349302057

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