Skip to content
Nonprofiteer
← HEART RHYTHM SOCIETY INC

Form 990 for tax year 2023

Filed by HEART RHYTHM SOCIETY INC.

Totals

Total revenue
$20,793,263
Total expenses
$21,411,296
Contributions and grants received
$1,310,568
Grants paid
$359,680
Program service revenue
$17,740,787
Investment income
$623,134
Other revenue
$1,118,774
Total assets, end of year
$15,690,899
Total liabilities, end of year
$5,222,413
Net assets or fund balances, end of year
$10,468,486
Program services expenses (Part IX)
$17,388,244
Management and general expenses
$3,027,853
Fundraising expenses
$995,199
Program service expenses (Part III)
$17,388,244

Program services were 81.2% 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.

  • 1f · All other contributions, gifts and grants

    $1,310,568

  • 2a · Program service revenue: REGISTRATION FEES

    total $6,092,185 · related or exempt $6,092,185

  • 2b · Program service revenue: ANNUAL MEETINGS EXHIBI

    total $4,025,875 · excluded $4,025,875

  • 2c · Program service revenue: GRANTS AND SPONSORSHIP

    total $3,807,225 · related or exempt $3,807,225

  • 2d · Program service revenue: MEMBERSHIP DUES

    total $2,623,891 · related or exempt $2,623,891

  • 2e · Program service revenue: PUBLICATION AND PRODUC

    total $706,164 · related or exempt $706,164

  • 2f · All other program service revenue

    total $485,447 · related or exempt $443,447 · unrelated business $42,000

  • 3 · Investment income

    total $353,145 · excluded $353,145

  • 5 · Royalties

    total $1,105,658 · excluded $1,105,658

  • 7a · Gross sales of assets other than inventory

    securities $2,172,766

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

    securities $1,902,777

  • 7c · Gain or loss

    securities $269,989

  • 7d · Net gain or loss

    total $269,989 · excluded $269,989

  • 11a · Other revenue: IBHRE LMS FEE

    total $13,116 · excluded $13,116

  • 11e · Other revenue, total

    $13,116

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $275,681 · program services $275,681

  • 2 · Grants to domestic individuals

    total $23,166 · program services $23,166

  • 3 · Grants to foreign organizations and individuals

    total $60,833 · program services $60,833

  • 5 · Compensation of officers, directors and key employees

    total $1,975,519 · program services $1,174,392 · management and general $787,360 · fundraising $13,767

  • 7 · Other salaries and wages

    total $5,384,863 · program services $3,917,507 · management and general $936,329 · fundraising $531,027

  • 8 · Pension plan contributions

    total $507,063 · program services $396,391 · management and general $54,006 · fundraising $56,666

  • 9 · Other employee benefits

    total $435,739 · program services $323,855 · management and general $71,277 · fundraising $40,607

  • 10 · Payroll taxes

    total $484,013 · program services $338,805 · management and general $107,781 · fundraising $37,427

  • 11a · Fees: management

    total $1,117,747 · program services $1,057,985 · management and general $9,726 · fundraising $50,036

  • 11b · Fees: legal

    total $44,610 · program services $19,437 · management and general $8,845 · fundraising $16,328

  • 11c · Fees: accounting

    total $201,365 · management and general $201,365

  • 11f · Fees: investment management

    total $28,662 · management and general $28,662

  • 11g · Fees: other

    total $2,144,375 · program services $1,912,065 · management and general $201,960 · fundraising $30,350

  • 12 · Advertising and promotion

    total $383,442 · program services $371,589 · management and general $3,628 · fundraising $8,225

  • 13 · Office expenses

    total $815,073 · program services $690,190 · management and general $59,333 · fundraising $65,550

  • 14 · Information technology

    total $1,639,562 · program services $1,444,258 · management and general $141,955 · fundraising $53,349

  • 16 · Occupancy

    total $113,390 · program services $59,422 · management and general $47,277 · fundraising $6,691

  • 17 · Travel

    total $958,229 · program services $760,375 · management and general $140,929 · fundraising $56,925

  • 19 · Conferences, conventions and meetings

    total $4,364,964 · program services $4,282,562 · management and general $80,611 · fundraising $1,791

  • 20 · Interest

    total $52,363 · management and general $52,363

  • 22 · Depreciation, depletion and amortization

    total $128,926 · program services $85,819 · management and general $33,571 · fundraising $9,536

  • 24a · Other expenses: TEMPORARY LABOR

    total $110,835 · program services $110,835

  • 24b · Other expenses: TRAINING & DEVELOPMENT

    total $69,366 · program services $22,642 · management and general $40,358 · fundraising $6,366

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $63,737 · program services $46,469 · management and general $15,295 · fundraising $1,973

  • 24e · All other expenses

    total $27,773 · program services $13,966 · management and general $5,222 · fundraising $8,585

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,478,863 · end of year $1,443,024

  • 3 · Pledges and grants receivable

    beginning of year $98,000 · end of year $90,500

  • 4 · Accounts receivable

    beginning of year $210,687 · end of year $407,521

  • 9 · Prepaid expenses and deferred charges

    beginning of year $675,703 · end of year $438,248

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

    $1,119,950

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

    $678,516

  • 10c · Land, buildings and equipment, net

    beginning of year $333,998 · end of year $441,434

  • 11 · Investments: publicly traded securities

    beginning of year $11,887,405 · end of year $12,835,831

  • 12 · Investments: other securities

    beginning of year $30 · end of year $30

  • 15 · Other assets

    beginning of year $10,892 · end of year $34,311

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,552,568 · end of year $2,447,451

  • 19 · Deferred revenue

    beginning of year $1,336,033 · end of year $2,677,831

  • 24 · Unsecured notes and loans payable

    beginning of year $1,500,000

  • 25 · Other liabilities

    beginning of year $135,297 · end of year $97,131

  • 27 · Net assets without donor restrictions

    beginning of year $6,820,699 · end of year $8,009,333

  • 28 · Net assets with donor restrictions

    beginning of year $2,350,981 · end of year $2,459,153

Mission and programs · 2023

Mission

TO IMPROVE THE CARE OF PATIENTS BY PROMOTING EDUCATION, RESEARCH AND OPTIMAL HEALTH CARE POLICIES AND STANDARDS. VISION: TO END DEATH AND SUFFERING DUE TO HEART RHYTHM DISORDERS.

Activities or mission (Part I)

TO IMPROVE THE CARE OF PATIENTS BY PROMOTING EDUCATION, RESEARCH, AND OPTIMAL HEALTH CARE POLICIES AND STANDARDS.VISION: TO END DEATH AND SUFFERING DUE TO HEART RHYTHM DISORDERS.

  • MEETINGS:HRS2024 IS THE SOCIETY'S ANNUAL MEETING, CONVENING THE WORLD'S MOST NOTED EXPERTS IN CARDIAC RHYTHM MANAGEMENT. THE 3-DAY EDUCATIONAL HYBRID EVENT HAS AN ATTENDANCE OF APPROXIMATELY 6,000 FROM 68 COUNTRIES AND OFFERS OVER 250 EDUCATIONAL SESSIONS COVERING TOPICS SUCH AS PACING, DEFIBRILLATION, CLINICAL ARRHYTHMIA MANAGEMENT, ABLATION, PHARMACOLOGY, GENETICS, BASIC SCIENCE, AND HEALTH POLICY. PARTICIPANTS ALSO BENEFIT FROM EXPERIENCES WITH STATE-OF-THE-ART TECHNOLOGY IN AN EXHIBIT HALL FEATURING OVER 100 COMPANIES. THERE WAS ALSO ONLINE PARTICIPATION AVAILABLE, BOTH EXCLUSIVELY OR AS AN AUGMENTATION TO THE IN-PERSON EXPERIENCE.HRX IS THE SOCIETY'S GROUNDBREAKING CARDIOVASCULAR INNOVATION EVENT THAT DRAWS AN INTERNATIONAL AUDIENCE OF HEALTH CARE PROFESSIONALS FOCUSED ON CARDIOVASCULAR HEALTH AND RHYTHM MANAGEMENT EMPHASIZING INNOVATIONS IN CARDIOLOGY. THIS ANNUAL EVENT FEATURED INDUSTRY CHAMPIONS DISPLAYING THEIR BREAKTHROUGH PRODUCTS TO OUR AUDIENCE OF PHYSICIANS AND ALLIED HEALTH PROFESSIONALS. THE UNIQUE ALL-IN-ONE ROOM LAYOUT ALLOWED THE ATTENDEES AND SPONSORS TO INTERACT THROUGHOUT THE 3-DAY NON-ACE EVENT.

    Expenses $6,413,220 · Grants $52,680 · Revenue $10,118,060

  • MARKETING, COMMUNICATIONS & MEMBERSHIP: THE SOCIETY REPRESENTS OVER 7,500 HEART RHYTHM PROFESSIONALS IN MORE THAN 90 COUNTRIES. IT FACILITATES PEER TO PEER EDUCATION, ELEVATES SCIENCE WITHIN THE FIELD OF ELECTROPHYSIOLOGY, AND RAISES AWARENESS OF HEART RHYTHM DISORDERS, INCLUDING SUDDEN CARDIAC ARREST, ATRIAL FIBRILLATION AND HEART FAILURE. HEART RHYTHM, HEART RHYTHM CASE REPORTS, CARDIOVASCULAR DIGITAL HEALTH JOURNAL AND HEART RHYTHM O2 ARE THE OFFICIAL PUBLICATIONS OF THE SOCIETY. HRSONLINE.ORG, HEARTRHYTHM.COM, CARDIQ.ORG, UPBEAT.ORG, HEARTRHYTHM365.ORG, AND EXPERIENCEHRX.ORG ARE THE OFFICIAL WEBSITES OF THE SOCIETY.

    Expenses $4,747,357 · Grants $1,500 · Revenue $3,330,055

  • EDUCATION:THE HEART RHYTHM SOCIETY PROVIDES LEARNING EXPERIENCES FOR HEART RHYTHM PROFESSIONALS BASED ON CLINICAL PRACTICE DATA, RESULTING IN IMPROVED PROFESSIONAL COMPETENCE, CLINICAL PRACTICE, AND CARE OF PATIENTS WITH HEART RHYTHM DISORDERS. IN THIS EFFORT, THE SOCIETY USES INNOVATIVE TEACHING METHODS AND ADVANCED TECHNOLOGIES TO PROVIDE SUPERIOR YEAR-ROUND EDUCATION INCLUDING LIVE COURSES AND DISTANCE LEARNING. THE SOCIETY AWARDS RESEARCH FELLOWSHIP SCHOLARSHIPS TO INDIVIDUALS INTERESTED IN CLINICAL AND BASIC RESEARCH RELATED TO THE LATEST ADVANCES IN ELECTROPHYSIOLOGY.

    Expenses $5,954,215 · Grants $305,500 · Revenue $4,292,672

  • HEALTH POLICY: THE SOCIETY WORKS TO ENSURE PATIENTS ACCESS TO HIGH QUALITY HEART RHYTHM CARE. HRS DEPLOYS MULTI-FACETED ADVOCACY INITIATIVES FOR A PRODUCTIVE AND VIABLE WORK ENVIRONMENT FOR HEART RHYTHM PROFESSIONALS. THE SOCIETY PUBLISHES AND ENDORSES CLINICAL DOCUMENTS TO IMPROVE PATIENT CARE.

    Expenses $273,452

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jodie L Hurwitz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    11 + 1 related
  • Andrew D Krahn MD Fhrs

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Kenneth A Ellenbogen MD Fhrs

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    5 + 0.5 related
  • Mina K Chung MD Fhrs

    IST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Sana M Al-Khatib MD Mhs Fhrs Ccds

    2ND VICE PRESIDENT

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • John K Triedman MD Fhrs Ceps-P

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2.5
  • Jagmeet P Singh MD PhD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Brynn E Dechert-Crooks Apn Fhrs Ccd

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Jonathan P Piccini Sr MD Mhs Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Sunny S Po MD PhD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Luigi Di Biase MD PhD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Susan P Etheridge MD Fhrs Ceps-P

    MEMBER

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5
  • Daniel P Morin MD MPH Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Kristen B Campbell Pharmd

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Rakesh Gopinathannair Ma MD Fhrs

    MEMBER

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5
  • Kamala P Tamirisa MD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Elaine Y Wan MD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Patrick Boyle Bs PhD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Dhaununjaya R Lakkireddy Mdfhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Eric S Zado Pac Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • David S Frankel MD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Nassir F Marrouche MD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Emily P Zeitler MD Mhs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Fred M Kusumoto MD Fhrs

    2ND PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Patricia A Blake

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,050,370
    From this org
    $854,969
    From related orgs
    $0
    Other
    $195,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $524,678
    Bonus
    $118,169
    Other
    $212,122
    Deferred
    $159,169
    Nontaxable benefits
    $36,232
    Filer's total
    $1,050,370
  • Eric Booth

    CHIEF FINANCIAL OFFICER

    Total calculated
    $328,799
    From this org
    $279,018
    From related orgs
    $429
    Other
    $49,352
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $254,056 + $391 related
    Bonus
    $24,962 + $38 related
    Other
    $0
    Deferred
    $15,261 + $24 related
    Nontaxable benefits
    $34,015 + $52 related
    Filer's total
    $328,294 + $505 related
  • Timothy Gregory

    CHIEF LEARNING OFFICER

    Total calculated
    $359,455
    From this org
    $292,257
    From related orgs
    $0
    Other
    $67,198
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,257
    Bonus
    $30,000
    Other
    $0
    Deferred
    $41,488
    Nontaxable benefits
    $25,710
    Filer's total
    $359,455
  • Kenneth J Demith

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $310,910
    From this org
    $273,924
    From related orgs
    $7,578
    Other
    $29,408
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $254,462 + $7,040 related
    Bonus
    $19,462 + $538 related
    Other
    $0
    Deferred
    $15,779 + $437 related
    Nontaxable benefits
    $12,837 + $355 related
    Filer's total
    $302,540 + $8,370 related
  • Simintha Esson

    CHIEF STRATEGY OFFICER THRU 10/27/23

    Total calculated
    $307,773
    From this org
    $267,855
    From related orgs
    $0
    Other
    $39,918
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,493
    Bonus
    $0
    Other
    $39,362
    Deferred
    $24,306
    Nontaxable benefits
    $15,612
    Filer's total
    $307,773
  • Pamela E Magnani

    CHIEF DEVELOPMENT & INNOVATION OFFICER

    Total calculated
    $257,242
    From this org
    $231,821
    From related orgs
    $0
    Other
    $25,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,821
    Bonus
    $11,000
    Other
    $0
    Deferred
    $23,821
    Nontaxable benefits
    $1,600
    Filer's total
    $257,242
  • Anne Marie Smith

    VICE PRESIDENT, ED PRACTICE IMPROVEMENT

    Total calculated
    $273,159
    From this org
    $226,616
    From related orgs
    $0
    Other
    $46,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,116
    Bonus
    $9,500
    Other
    $0
    Deferred
    $31,257
    Nontaxable benefits
    $15,286
    Filer's total
    $273,159
  • Germaine A Lutman Schaefer

    ASSOC. VP, MEETINGS & EVENTS

    Total calculated
    $240,571
    From this org
    $205,091
    From related orgs
    $0
    Other
    $35,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,391
    Bonus
    $6,700
    Other
    $0
    Deferred
    $22,682
    Nontaxable benefits
    $12,798
    Filer's total
    $240,571
  • Kristopher J Murphy

    ASSOC. VP, MEMBERSHIP & MARKETING COMMUNICATIONS

    Total calculated
    $230,356
    From this org
    $195,887
    From related orgs
    $706
    Other
    $33,763
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $189,909 + $684 related
    Bonus
    $5,978 + $22 related
    Other
    $0
    Deferred
    $21,338 + $77 related
    Nontaxable benefits
    $12,304 + $44 related
    Filer's total
    $229,529 + $827 related
  • Stephen Sye

    ASSOC. VP, DIGITAL PLATFORMS & DATA ARCHITECTURE

    Total calculated
    $208,797
    From this org
    $181,607
    From related orgs
    $0
    Other
    $27,190
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,607
    Bonus
    $6,000
    Other
    $0
    Deferred
    $18,730
    Nontaxable benefits
    $8,460
    Filer's total
    $208,797
  • Lori Monteleone

    ASSOC. VP, PUBLICATIONS & SR. MANAGING EDITOR

    Total calculated
    $208,676
    From this org
    $173,997
    From related orgs
    $0
    Other
    $34,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,397
    Bonus
    $5,600
    Other
    $0
    Deferred
    $21,832
    Nontaxable benefits
    $12,847
    Filer's total
    $208,676

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

LINE 4A
DURING CALENDAR YEAR 2023, SIMINTHA ESSON RECEIVED A SEVERANCE PAYMENT OF $39,362.
LINE 4B
DURING CALENDAR YEAR 2023, THE SOCIETY CONTRIBUTED $74,000 AND $22,500 TO PATRICIA BLAKE'S NONQUALIFIED 457(F) AND 457(B) PLANS, RESPECTIVELY. PATRICIA BLAKE RECEIVED A $212,122 DISTRIBUTION FROM THE 457(F) NON QUALIFIED PLAN DURING THE CALENDAR YEAR AS WELL.

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

  • HRS RESEARCH FELLOWSHIP AWARD

  • NEW YORK UNIVERSITY

    $50,000

    HRS RESEARCH FELLOWSHIP AWARD

  • HRS RESEARCH FELLOWSHIP AWARD

  • BAYLOR COLLEGE OF MEDICINE

    $50,000

    HRS RESEARCH FELLOWSHIP AWARD

  • PROTON INTELLIGENCE

    $30,000

    HRX PITCH COMPETITION - 1ST PLACE AWARD (FY24)

  • RCE TECHNOLOGIES

    $15,000

    HRX PITCH COMPETITION - 2ND PLACE AWARD (FY24)

  • KARDIODIAGNOSTIX

    $10,000

    HRX PITCH COMPETITION - 3RD PLACE AWARD (FY24)

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 corporations and trusts

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

  • HRS CONSULTING SERVICES INC

    C · SEE SCHEDULE R, PART VII · DE · 100% owned · controlled entity

    Directly controlled by HEART RHYTHM SOCIETY

Provenance

Return type
form_990
Tax year
2023
Filed
19 March 2025
IRS schema version
2023v6.0
Source object
202500789349301100

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.