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Nonprofiteer
← CALIFORNIA HEART CENTER FOUNDATION

Form 990 for tax year 2024

Filed by CALIFORNIA HEART CENTER FOUNDATION.

Totals

Total revenue
$2,858,458
Total expenses
$2,777,378
Contributions and grants received
$2,115,128
Grants paid
$5,000
Program service revenue
$743,330
Investment income
$0
Other revenue
$0
Total assets, end of year
$843,523
Total liabilities, end of year
$62,450
Net assets or fund balances, end of year
$781,073
Program services expenses (Part IX)
$2,503,870
Management and general expenses
$273,508
Fundraising expenses
$0
Program service expenses (Part III)
$2,503,870

Program services were 90.2% 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

    $2,115,128

  • 2a · Program service revenue: EDUCATIONAL PROGRAMS

    total $743,330 · related or exempt $743,330

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $270,231 · management and general $270,231

  • 7 · Other salaries and wages

    total $1,249,575 · program services $1,249,575

  • 9 · Other employee benefits

    total $636,774 · program services $636,774

  • 11g · Fees: other

    total $1,503 · program services $1,052 · management and general $451

  • 13 · Office expenses

    total $6,590 · program services $5,931 · management and general $659

  • 16 · Occupancy

    total $514,096 · program services $514,096

  • 19 · Conferences, conventions and meetings

    total $43,344 · program services $41,177 · management and general $2,167

  • 22 · Depreciation, depletion and amortization

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

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $10,057 · program services $10,057

  • 24b · Other expenses: BANK CHARGES

    total $4,509 · program services $4,509

  • 24c · Other expenses: RENT/LEASE - EQUIPMENT

    total $1,886 · program services $1,886

  • 24d · Other expenses: REPAIR & MAINTENANCE

    total $1,173 · program services $1,173

  • 24e · All other expenses

    total $3,202 · program services $3,202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $401,818 · end of year $418,723

  • 9 · Prepaid expenses and deferred charges

    beginning of year $398

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

    $581,134

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

    $173,913

  • 10c · Land, buildings and equipment, net

    beginning of year $436,659 · end of year $407,221

  • 15 · Other assets

    beginning of year $145,209 · end of year $17,579

  • 17 · Accounts payable and accrued expenses

    beginning of year $284,091 · end of year $62,450

  • 27 · Net assets without donor restrictions

    beginning of year $699,993 · end of year $781,073

Mission and programs · 2024

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 $2,503,870 · Grants $5,000 · Revenue $743,330

As filed on the 2024 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
    $84,000
    From this org
    $0
    From related orgs
    $84,000
    Other
    $0
    Hours/week
    1 + 2 related

  • EDUARDO MARBAN MD

    DIRECTOR

    Total calculated
    $4,544,961
    From this org
    $0
    From related orgs
    $4,147,273
    Other
    $397,688
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,594,572 related
    Bonus
    $0 + $579,284 related
    Other
    $0 + $973,417 related
    Deferred
    $0 + $358,833 related
    Nontaxable benefits
    $0 + $38,855 related
    Filer's total
    $0 + $4,544,961 related

  • JAIME MORIGUCHI MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE SUMBI

    SECRETARY

    Total calculated
    $301,517
    From this org
    $0
    From related orgs
    $264,422
    Other
    $37,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $221,243 related
    Bonus
    $0 + $34,846 related
    Other
    $0 + $8,333 related
    Deferred
    $0 + $21,364 related
    Nontaxable benefits
    $0 + $15,731 related
    Filer's total
    $0 + $301,517 related

  • SHRUTI SHANTHARAM

    DIRECTOR, RESEARCH OPERATIONS

    Total calculated
    $206,434
    From this org
    $0
    From related orgs
    $192,467
    Other
    $13,967
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $164,624 related
    Bonus
    $0 + $27,828 related
    Other
    $0 + $15 related
    Deferred
    $0 + $5,820 related
    Nontaxable benefits
    $0 + $8,147 related
    Filer's total
    $0 + $206,434 related

  • ADAM DANIELS

    RESEARCH NURSE PRACTITIONER

    Total calculated
    $186,537
    From this org
    $0
    From related orgs
    $172,645
    Other
    $13,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $163,047 related
    Bonus
    $0 + $9,416 related
    Other
    $0 + $182 related
    Deferred
    $0 + $5,509 related
    Nontaxable benefits
    $0 + $8,383 related
    Filer's total
    $0 + $186,537 related

  • VENISE STRAND

    PROGRAM MANAGER

    Total calculated
    $179,671
    From this org
    $0
    From related orgs
    $136,716
    Other
    $42,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $120,106 related
    Bonus
    $0 + $16,461 related
    Other
    $0 + $149 related
    Deferred
    $0 + $12,866 related
    Nontaxable benefits
    $0 + $30,089 related
    Filer's total
    $0 + $179,671 related

  • PHYLLIS KATZ

    EXECUTIVE ASSISTANT

    Total calculated
    $146,420
    From this org
    $0
    From related orgs
    $124,857
    Other
    $21,563
    Hours/week
    40

  • SAVANNAH MERSOLA

    RESEARCH SPECIALIST

    Total calculated
    $136,167
    From this org
    $0
    From related orgs
    $119,048
    Other
    $17,119
    Hours/week
    40

  • IRINA COZIANU

    FORMER HIGHEST COMPENSATED

    Total calculated
    $164,286
    From this org
    $0
    From related orgs
    $128,493
    Other
    $35,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $123,215 related
    Bonus
    $0 + $1,235 related
    Other
    $0 + $4,043 related
    Deferred
    $0 + $7,495 related
    Nontaxable benefits
    $0 + $28,298 related
    Filer's total
    $0 + $164,286 related

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. THE FOLLOWING DIRECTOR AND OFFICER RECEIVED PAYMENTS DURING THE YEAR ENDED DECEMBER 31, 2024: CHRISTINE SUMBI 7,845 EDUARDO MARBAN, MD 802,184

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202503159349306670

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