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Nonprofiteer
← NEW YORK CARDIAC CENTER INC

Form 990 for tax year 2022

Filed by NEW YORK CARDIAC CENTER INC.

Totals

Total revenue
$174,964
Total expenses
$263,740
Contributions and grants received
$8,045
Grants paid
$127,000
Program service revenue
$0
Investment income
$166,919
Other revenue
$0
Total assets, end of year
$2,409,029
Total liabilities, end of year
$71,188
Net assets or fund balances, end of year
$2,337,841
Program services expenses (Part IX)
$135,633
Management and general expenses
$118,312
Fundraising expenses
$9,795
Program service expenses (Part III)
$135,633

Program services were 51.4% 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.

  • 1b · Membership dues

    $750

  • 1f · All other contributions, gifts and grants

    $7,295

  • 3 · Investment income

    total $36,939 · excluded $36,939

  • 7a · Gross sales of assets other than inventory

    securities $5,927,626

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

    securities $5,797,646

  • 7c · Gain or loss

    securities $129,980

  • 7d · Net gain or loss

    total $129,980 · excluded $129,980

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $92,000 · program services $92,000

  • 2 · Grants to domestic individuals

    total $35,000 · program services $35,000

  • 5 · Compensation of officers, directors and key employees

    total $9,750 · management and general $9,750

  • 6 · Compensation of disqualified persons

    total $71,111 · program services $4,970 · management and general $60,501 · fundraising $5,640

  • 11c · Fees: accounting

    total $17,500 · management and general $17,500

  • 11f · Fees: investment management

    total $25,130 · management and general $25,130

  • 13 · Office expenses

    total $11,534 · program services $3,556 · management and general $3,944 · fundraising $4,034

  • 14 · Information technology

    total $315 · program services $97 · management and general $108 · fundraising $110

  • 19 · Conferences, conventions and meetings

    total $31 · program services $10 · management and general $10 · fundraising $11

  • 22 · Depreciation, depletion and amortization

    total $390 · management and general $390

  • 23 · Insurance

    total $979 · management and general $979

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,639 · end of year $81,085

  • 2 · Savings and temporary cash investments

    beginning of year $220,126 · end of year $795,735

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,804 · end of year $2,812

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

    $14,688

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

    $14,688

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,574,383 · end of year $1,494,310

  • 14 · Intangible assets

    beginning of year $1,397 · end of year $1,007

  • 15 · Other assets

    beginning of year $4,346 · end of year $34,080

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,151 · end of year $28,640

  • 22 · Loans and payables to officers and key people

    end of year $11,630

  • 25 · Other liabilities

    beginning of year $0 · end of year $30,918

  • 27 · Net assets without donor restrictions

    beginning of year $2,859,544 · end of year $2,337,841

Mission and programs · 2022

Mission

THE MISSION OF THE NEW YORK CARDIAC CENTER IS TO BE A PART OF THE ONGOING EFFORT TO DIAGNOSE AND PREVENT HEART AND OTHER DISEASES. WE HELP TO DEVELOP TREATMENT FOR THOSE WHO NEED IT AND ASSIST IN TRAINING NEW SCIENTISTS, EDUCATORS, AND PHYSICIANS. WE ARE COMMITTED TO IMPROVING A PERSON'S CHANCES OF LIVING A FULL AND HEALTHY LIFE. TO DO SO WE COMMIT OUR RESOURCES TO INNOVATIVE PROJECTS IN RESEARCH, EDUCATION AND TREATMENT.

  • YALE UNIVERSITY IN ASSOCIATION WITH NEW YORK CARDIAC CENTER:CONTINUED OUR SPONSORSHIP OF RESEARCH INTO TRANSIMMUNIZATION AS A RESULT OF WHICH SIGNIFICANT INSIGHTS HAVE BEEN GAINED INTO THE UNLOCKING MECHANISM OF ANTIGEN PRESENTATION AND RECOGNITION BY THE IMMUNE SYSTEM.

    Expenses $42,546 · Grants $40,000

  • NEW YORK CARDIOLOGICAL SOCIETY, NEW YORK CHAPTER/AMERICAN COLLEGE OF CARDIOLOGY IN ASSOCIATION WITH NEW YORK CARDIAC CENTER:FOUR EDUCATIONAL PROGRAMS FOR CARDIOLOGISTS WERE FUNDED AND PRESENTED DURING 2022 WITH OBJECTIVE OF IMPROVING CARDIAC CARE.

    Expenses $42,546 · Grants $40,000

  • DURING 2022, NEW YORK CARDIAC CENTER AWARDED TEN SCHOLARSHIPS TO OUTSTANDING STUDENTS ATTENDING THE FOLLOWING INSTITUTIONS: CITY COLLEGE OF NEW YORK, HAVERFORD COLLEGE, MASSACHUSETTS INSTITUTE OF TECHNOLOGY, UNIVERSITY OF CHICAGO, UNIVERSITY OF PENNSYLVANIA, HARVARD, JOHN HOPKINS, VANDERBILT AND YALE UNIVERSITY.

    Expenses $37,228 · Grants $35,000

  • NEW YORK UNIVERSITY IN ASSOCIATION WITH NEW YORK CARDIAC CENTER, INC:SUPPORT OF SCIENCE COMMUNICATION WORKSHOPS. WEILL CORNELL MEDICAL COLLEGE IN ASSOCIATION WITH NEW YORK CARDIAC CENTER: NEW YORK CARDIAC CENTER SPONSORED A CARDIOVASCULAR OUTCOMES RESEARCH GROUP.

    Expenses $13,313 · Grants $12,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Glazer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Michael Wolk MD

    EXEC V.P

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5
  • Alfred S Glazier

    TREASURER

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5
  • Ann Ronan Esq

    SECRETARY

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5
  • Paul Bernstein

    BD OF GOVERNORS

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • David Glazer Esq

    BD OF GOVERNORS

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5
  • Iris Kopeloff MD

    BD OF GOVERNORS

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Joffrey Pearlman

    BD OF GOVERNORS

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Michael Rogow DDS

    BD OF GOVERNORS

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Stephen Shepard

    BD OF GOVERNORS

    Total calculated
    $0
    Hours/week
    1
  • Lisa Troy MD

    BD OF GOVERNORS

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5
  • Robert Wolk

    BD OF GOVERNORS

    Total calculated
    $0
    Hours/week
    1

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
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349330141

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