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Nonprofiteer
← CALIFORNIA HEART CENTER FOUNDATION

Form 990 for tax year 2023

Filed by CALIFORNIA HEART CENTER FOUNDATION.

Totals

Total revenue
$3,249,498
Total expenses
$3,137,717
Contributions and grants received
$2,875,537
Grants paid
$0
Program service revenue
$373,961
Investment income
$0
Other revenue
$0
Total assets, end of year
$984,084
Total liabilities, end of year
$284,091
Net assets or fund balances, end of year
$699,993
Program services expenses (Part IX)
$2,870,582
Management and general expenses
$267,135
Fundraising expenses
$0
Program service expenses (Part III)
$2,870,582

Program services were 91.5% 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.

  • 1d · Related organizations

    $2,875,537

  • 2a · Program service revenue: EDUCATIONAL PROGRAMS

    total $373,209 · related or exempt $373,209

  • 2b · Program service revenue: CULTURAL PROGRAMS

    total $752 · related or exempt $752

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $260,110 · management and general $260,110

  • 7 · Other salaries and wages

    total $1,829,063 · program services $1,829,063

  • 8 · Pension plan contributions

    total $84,989 · program services $84,989

  • 9 · Other employee benefits

    total $122,225 · program services $122,225

  • 10 · Payroll taxes

    total $156,772 · program services $156,772

  • 11g · Fees: other

    total $333 · program services $233 · management and general $100

  • 13 · Office expenses

    total $5,546 · program services $4,991 · management and general $555

  • 16 · Occupancy

    total $495,177 · program services $495,177

  • 19 · Conferences, conventions and meetings

    total $127,408 · program services $121,038 · management and general $6,370

  • 22 · Depreciation, depletion and amortization

    total $29,438 · program services $29,438

  • 24a · Other expenses: SUPPLIES

    total $8,026 · program services $8,026

  • 24b · Other expenses: MOVING/STORAGE

    total $5,612 · program services $5,612

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $5,589 · program services $5,589

  • 24d · Other expenses: BANK CHARGES

    total $2,971 · program services $2,971

  • 24e · All other expenses

    total $4,458 · program services $4,458

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,503 · end of year $401,818

  • 9 · Prepaid expenses and deferred charges

    beginning of year $398 · end of year $398

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

    $581,134

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

    $144,475

  • 10c · Land, buildings and equipment, net

    beginning of year $466,097 · end of year $436,659

  • 15 · Other assets

    beginning of year $160,000 · end of year $145,209

  • 17 · Accounts payable and accrued expenses

    beginning of year $344,785 · end of year $284,091

  • 27 · Net assets without donor restrictions

    beginning of year $588,213 · end of year $699,993

Mission and programs · 2023

Mission

THE MISSION OF THE CALIFORNIA HEART CENTER FOUNDATION IS TO ADVANCE THE FIELD OF CARDIOVASCULAR MEDICINE THROUGH CLINICAL RESEARCH INITIATIVES AND EDUCATIONAL INITIATIVES.

Activities or mission (Part I)

PROMOTE & DEVELOP EDUCATIONAL & SCIENTIFIC RESEARCH TO ADVANCE THE FIELD OF CARDIOVASCULAR MEDICINE.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,870,582 · Revenue $373,961

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Jon Kobashigawa MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michele Hamilton

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Thomas D Gordon

    DIRECTOR

    Total calculated
    $74,000
    From this org
    $0
    From related orgs
    $74,000
    Other
    $0
    Hours/week
    1 + 3 related

  • Eduardo Marban MD

    DIRECTOR

    Total calculated
    $5,390,749
    From this org
    $0
    From related orgs
    $5,100,494
    Other
    $290,255
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $3,001,472 related
    Bonus
    $0 + $579,688 related
    Other
    $0 + $1,519,334 related
    Deferred
    $0 + $264,703 related
    Nontaxable benefits
    $0 + $25,552 related
    Filer's total
    $0 + $5,390,749 related

  • Jaime Moriguchi MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christine Sumbi

    SECRETARY

    Total calculated
    $286,914
    From this org
    $0
    From related orgs
    $254,966
    Other
    $31,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $209,571 related
    Bonus
    $0 + $36,520 related
    Other
    $0 + $8,875 related
    Deferred
    $0 + $21,475 related
    Nontaxable benefits
    $0 + $10,473 related
    Filer's total
    $0 + $286,914 related

  • Shruti Shantharam

    DIRECTOR, RESEARCH OPERATIONS

    Total calculated
    $188,945
    From this org
    $0
    From related orgs
    $182,561
    Other
    $6,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $159,582 related
    Bonus
    $0 + $22,794 related
    Other
    $0 + $185 related
    Deferred
    $0 + $1,899 related
    Nontaxable benefits
    $0 + $4,485 related
    Filer's total
    $0 + $188,945 related

  • Adam Daniels

    RESEARCH NURSE PRACTITIONER

    Total calculated
    $177,879
    From this org
    $0
    From related orgs
    $167,872
    Other
    $10,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $157,665 related
    Bonus
    $0 + $10,104 related
    Other
    $0 + $103 related
    Deferred
    $0 + $5,371 related
    Nontaxable benefits
    $0 + $4,636 related
    Filer's total
    $0 + $177,879 related

  • Irina Cozianu

    RESEARCH OPER. MANAGER

    Total calculated
    $221,803
    From this org
    $0
    From related orgs
    $199,113
    Other
    $22,690
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $138,444 related
    Bonus
    $0 + $3,300 related
    Other
    $0 + $57,369 related
    Deferred
    $0 + $8,445 related
    Nontaxable benefits
    $0 + $14,245 related
    Filer's total
    $0 + $221,803 related

  • Venise Strand

    PROGRAM MANAGER

    Total calculated
    $162,426
    From this org
    $0
    From related orgs
    $134,103
    Other
    $28,323
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $116,305 related
    Bonus
    $0 + $17,637 related
    Other
    $0 + $161 related
    Deferred
    $0 + $11,012 related
    Nontaxable benefits
    $0 + $17,311 related
    Filer's total
    $0 + $162,426 related

  • Savannah Mersola

    RESEARCH SPECIALIST

    Total calculated
    $128,520
    From this org
    $0
    From related orgs
    $116,528
    Other
    $11,992
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
PLEASE SEE SCHEDULE O NARRATIVE FOR PART VI, SECTION B LINE 15B.
PART I, LINE 4B
THE PLAN IS A SUPPLEMENTAL RETIREMENT ALLOWANCE THAT IS PAYABLE DIRECTLY TO THE PARTICIPANTS EACH QUARTER. THE BENEFIT FORMULA FOR THIS PLAN HAS ANNUAL CONTRIBUTIONS THAT ARE EITHER A PERCENTAGE OF SALARY, OR ARE DESIGNED TO FUND A PERCENTAGE OF THE ESTIMATED FINAL 5-YEAR AVERAGE SALARY. IN ADDITION, ONE INDIVIDUAL HAS RETENTION INCENTIVES WHICH HAD CLIFF-VESTING DATE DURING CALENDAR YEAR 2023. THE FOLLOWING DIRECTOR AND OFFICER RECEIVED PAYMENTS DURING THE YEAR ENDED DECEMBER 31, 2023: CHRISTINE SUMBI 7,468 EDUARDO MARBAN, MD 1,445,186

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ENDOSCOPY CENTER OF SANTA MONICA LLC

    ENDOSCOPIES AND RELATED PROCEDURES · CA

  • ISS ASC HOLDINGS LLC

    INVESTMENT IN HEALTHCARE SERVICES · CA

  • CS-BH ASC HOLDINGS LLC

    HOLDING COMPANY · CA

  • INTERNATIONAL SPINE & ORTHOPEDIC INSTITUTE LLC

    SPINE AND ORTHOPEDIC INSTITUTE · DE

  • SANTA MONICA IMAGING GROUP LLC

    IMAGING CENTER · CA

  • TORRANCE MEMORIAL SURGICAL CENTER LLC I

    OUTPATIENT SURGICAL SERVICES · CA

  • 3565 DEL AMO ASSOCIATES A CALIFORNIA LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · CA

  • 90210 ASC VENTURE LLC

    AMBULATORY SURGERY CENTER · CA

  • HUNTINGTON AMBULATORY SURGERY CENTER LLC

    AMBULATORY SURGERY CENTER · CA

  • ABCENTRA LLC

    RESEARCH AND DEVELOPMENT · DE

  • TIA-CEDARS MANAGEMENT SERVICES ORGANIZATION LLC

    INVESTMENT IN HEALTHCARE SERVICES · CA

  • K HEALTH-CEDARS MANAGEMENT SERVICES ORGANIZATION LLC

    HEALTHCARE MANAGEMENT SERVICES · CA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • OPTIMATRIX HEALTH SOLUTIONS INC

    C · INACTIVE · CA · controlled entity

  • OTOHARMONICS CORPORATION

    C · INACTIVE · DE · controlled entity

  • CONGRESS SERVICES CORPORATION

    C · MANAGEMENT SERVICES · CA · controlled entity

  • GRAVIDAS DIAGNOSTICS INC

    C · MEDICAL EQUIPMENT AND SUPPLIES MANUFACTURING · DE · controlled entity

  • THIRD STREET INSURANCE COMPANY (SAC) LTD

    C · CAPTIVE INSURANCE · BD · controlled entity

  • TRIAN PARTNERS II LTD

    C · INVESTMENTS · CJ · controlled entity

  • LIQUID LOAN OPPORTUNITIES FUND LP

    C · INVESTMENTS · CJ · controlled entity

  • CORONET VENTURES (SINGAPORE) PTE LTD

    C · HEALTHCARE AND BIOMEDICAL INNOVATION INVESTMENTS · SN · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423169349304207

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