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Nonprofiteer
← WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE INC

Form 990 for tax year 2024

Filed by WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE INC.

Totals

Total revenue
$1,444,093
Total expenses
$1,409,757
Contributions and grants received
$763,849
Grants paid
$0
Program service revenue
$666,396
Investment income
-$1,102
Other revenue
$14,950
Total assets, end of year
$832,553
Total liabilities, end of year
$255,036
Net assets or fund balances, end of year
$577,517
Program services expenses (Part IX)
$1,226,655
Management and general expenses
$73,280
Fundraising expenses
$109,822
Program service expenses (Part III)
$1,226,655

Program services were 87.0% 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

    $763,849

  • 1g · Noncash contributions included above

    $324,491

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $666,396 · related or exempt $666,396

  • 7b · Less cost or other basis and sales expenses

    other assets $1,102

  • 7c · Gain or loss

    other assets -$1,102

  • 7d · Net gain or loss

    total -$1,102 · related or exempt -$1,102

  • 8a · Fundraising events: gross income

    $14,950

  • 8c · Net income from fundraising events

    total $14,950

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $130,000 · program services $119,925 · management and general $10,075

  • 7 · Other salaries and wages

    total $167,848 · program services $154,840 · management and general $13,008

  • 9 · Other employee benefits

    total $39,808 · program services $36,723 · management and general $3,085

  • 10 · Payroll taxes

    total $22,956 · program services $21,177 · management and general $1,779

  • 11b · Fees: legal

    total $3,100 · management and general $3,100

  • 11g · Fees: other

    total $839,002 · program services $839,002

  • 12 · Advertising and promotion

    total $103,038 · fundraising $103,038

  • 13 · Office expenses

    total $22,740 · program services $11,291 · management and general $9,918 · fundraising $1,531

  • 16 · Occupancy

    total $50,555 · program services $15,166 · management and general $30,333 · fundraising $5,056

  • 17 · Travel

    total $168 · fundraising $168

  • 22 · Depreciation, depletion and amortization

    total $15,639 · program services $15,563 · management and general $47 · fundraising $29

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $12,968 · program services $12,968

  • 24b · Other expenses: MEALS & MEETINGS

    total $1,935 · management and general $1,935

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,694 · end of year $66,607

  • 8 · Inventories for sale or use

    beginning of year $550,427 · end of year $664,946

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

    $139,856

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

    $38,856

  • 10c · Land, buildings and equipment, net

    beginning of year $80,287 · end of year $101,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,356 · end of year $3,165

  • 24 · Unsecured notes and loans payable

    beginning of year $126,871 · end of year $251,871

  • 27 · Net assets without donor restrictions

    beginning of year -$7,246 · end of year -$87,429

  • 28 · Net assets with donor restrictions

    beginning of year $550,427 · end of year $664,946

Mission and programs · 2024

Mission

WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE IS DEDICATED TO PROVIDING LIFE SAVING MEDICAL CARE FOR CHILDREN BORN WITH HEART DISEASE, WITHOUT RESPECT TO THE CHILD'S RACE, COLOR, NATIONALITY OR RELIGION. THE ALLIANCE PROVIDES THIS SERVICE UNDER FOUR CORE PRINCIPALS OF COLLABORATION, EDUCATION, INNOVATION AND SUSTAINMENT.

  • WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE IS DEDICATED TO PROVIDING LIFE SAVING MEDICAL CARE FOR CHILDREN BORN WITH HEART DISEASE, WITHOUT RESPECT TO THE CHILD'S RACE, COLOR, NATIONALITY OR RELIGION. THE ALLIANCE PROVIDES THIS SERVICE UNDER FOUR CORE PRINCIPALS OF COLLABORATION, EDUCATION, INNOVATION AND SUSTAINMENT.

    Expenses $1,226,655 · Revenue $666,396

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William Novick

    PRESIDENT

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth Novick

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Don Pemberton

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Dr Sri Rao

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.0
Source object
202531359349316068

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