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← AMERICAN CARDIOVASCULAR RESEARCH FOUNDATION INC

Form 990 for tax year 2022

Filed by AMERICAN CARDIOVASCULAR RESEARCH FOUNDATION INC.

Totals

Total revenue
$32,531
Total expenses
$88,901
Contributions and grants received
$2,788
Grants paid
$0
Program service revenue
$0
Investment income
$29,743
Other revenue
$0
Total assets, end of year
$135,743
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$135,743
Program services expenses (Part IX)
$81,072
Management and general expenses
$7,829
Fundraising expenses
$0
Program service expenses (Part III)
$81,072

Program services were 91.2% 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

    $2,788

  • 3 · Investment income

    total $3,644 · excluded $3,644

  • 7a · Gross sales of assets other than inventory

    securities $240,610

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

    securities $214,511

  • 7c · Gain or loss

    securities $26,099

  • 7d · Net gain or loss

    total $26,099 · excluded $26,099

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,800 · management and general $4,800

  • 11f · Fees: investment management

    total $1,719 · management and general $1,719

  • 24a · Other expenses: RESEARCH EXPENSE

    total $52,000 · program services $52,000

  • 24b · Other expenses: CLINICAL RESEARCH EXPEN

    total $29,072 · program services $29,072

  • 24c · Other expenses: UNREALIZED LOSS ON FMV

    total $1,054 · management and general $1,054

  • 24d · Other expenses: CUSTODIAN FEES

    total $150 · management and general $150

  • 24e · All other expenses

    total $106 · management and general $106

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,638 · end of year $135,743

  • 11 · Investments: publicly traded securities

    beginning of year $181,475 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $192,113 · end of year $135,743

Mission and programs · 2022

Mission

SUPPORT CLINICAL AND EXPERIMENTAL SCIENTIFIC INVESTIGATIONS OF THE CAUSES OF AND TREATMENTS FOR HEART DISEASES.

Activities or mission (Part I)

SUPPORT CLINICAL AND EXPERIMENTAL SCIENTIFIC INVESTIGATIONS OF THE CAUSES OF AND TREATMENTS FOR HEART DISEASE.

  • STATISTICAL RESEARCH RELATED TO THE CAUSES OF AND TREATMENTS FOR HEART DISEASE.

    Expenses $81,072

As filed on the 2022 return.

Listed in Part VII

  • Sara Brook

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Lobel

    SEC/TREAS

    Total calculated
    $0
    Hours/week
    0.5
  • Jeannie Schiavone

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

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
2022
Filed
9 February 2024
IRS schema version
2022v5.0
Source object
202420459349301137

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