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Nonprofiteer
← HEART RHYTHM SOCIETY INC

Form 990 for tax year 2024

Filed by HEART RHYTHM SOCIETY INC.

Totals

Total revenue
$23,043,846
Total expenses
$22,986,906
Contributions and grants received
$5,041,077
Grants paid
$244,000
Program service revenue
$16,426,987
Investment income
$559,329
Other revenue
$1,016,453
Total assets, end of year
$16,905,416
Total liabilities, end of year
$5,494,118
Net assets or fund balances, end of year
$11,411,298
Program services expenses (Part IX)
$18,796,090
Management and general expenses
$3,001,084
Fundraising expenses
$1,189,732
Program service expenses (Part III)
$18,796,090

Program services were 81.8% 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.

  • 1c · Fundraising events

    $342,535

  • 1f · All other contributions, gifts and grants

    $4,698,542

  • 1g · Noncash contributions included above

    $31,821

  • 2a · Program service revenue: REGISTRATION FEES

    total $6,809,464 · related or exempt $6,809,464

  • 2b · Program service revenue: ANNUAL MEETINGS EXHIBI

    total $4,438,454 · excluded $4,438,454

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $2,786,989 · related or exempt $2,786,989

  • 2d · Program service revenue: GRANTS AND SPONSORSHIP

    total $996,178 · related or exempt $996,178

  • 2e · Program service revenue: PUBLICATION AND PRODUC

    total $768,791 · related or exempt $768,791

  • 2f · All other program service revenue

    total $627,111 · related or exempt $582,111 · unrelated business $45,000

  • 3 · Investment income

    total $368,363 · excluded $368,363

  • 5 · Royalties

    total $1,093,146 · excluded $1,093,146

  • 7a · Gross sales of assets other than inventory

    securities $1,183,547

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

    securities $992,581

  • 7c · Gain or loss

    securities $190,966

  • 7d · Net gain or loss

    total $190,966 · excluded $190,966

  • 8a · Fundraising events: gross income

    $288,736

  • 8a · Fundraising events: contributions included on line 1c

    $342,535

  • 8b · Fundraising events: direct expenses

    $380,029

  • 8c · Net income from fundraising events

    total -$91,293 · excluded -$91,293

  • 11a · Other revenue: OTHER INCOME

    total $14,600 · excluded $14,600

  • 11e · Other revenue, total

    $14,600

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $208,000 · program services $208,000

  • 2 · Grants to domestic individuals

    total $23,000 · program services $23,000

  • 3 · Grants to foreign organizations and individuals

    total $13,000 · program services $13,000

  • 5 · Compensation of officers, directors and key employees

    total $2,022,673 · program services $1,091,390 · management and general $925,243 · fundraising $6,040

  • 7 · Other salaries and wages

    total $5,578,186 · program services $4,219,740 · management and general $697,260 · fundraising $661,186

  • 8 · Pension plan contributions

    total $755,962 · program services $527,531 · management and general $161,156 · fundraising $67,275

  • 9 · Other employee benefits

    total $600,798 · program services $419,253 · management and general $128,078 · fundraising $53,467

  • 10 · Payroll taxes

    total $586,425 · program services $409,223 · management and general $125,014 · fundraising $52,188

  • 11a · Fees: management

    total $998,490 · program services $926,031 · management and general $22,751 · fundraising $49,708

  • 11b · Fees: legal

    total $46,205 · program services $31,199 · management and general $2,013 · fundraising $12,993

  • 11c · Fees: accounting

    total $153,983 · management and general $153,983

  • 11f · Fees: investment management

    total $28,895 · management and general $28,895

  • 11g · Fees: other

    total $2,047,595 · program services $1,858,896 · management and general $153,938 · fundraising $34,761

  • 12 · Advertising and promotion

    total $441,531 · program services $429,411 · management and general $1,083 · fundraising $11,037

  • 13 · Office expenses

    total $1,105,065 · program services $930,078 · management and general $68,194 · fundraising $106,793

  • 14 · Information technology

    total $1,598,398 · program services $1,400,896 · management and general $129,535 · fundraising $67,967

  • 16 · Occupancy

    total $123,224 · program services $66,818 · management and general $50,898 · fundraising $5,508

  • 17 · Travel

    total $1,072,203 · program services $883,693 · management and general $167,562 · fundraising $20,948

  • 19 · Conferences, conventions and meetings

    total $4,314,147 · program services $4,216,787 · management and general $88,436 · fundraising $8,924

  • 20 · Interest

    total $19,009 · management and general $19,009

  • 21 · Payments to affiliates

    total $691,343 · program services $691,343

  • 22 · Depreciation, depletion and amortization

    total $169,260 · program services $123,544 · management and general $35,028 · fundraising $10,688

  • 24a · Other expenses: TEMPORARY LABOR

    total $232,226 · program services $232,226

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $85,750 · program services $62,815 · management and general $11,797 · fundraising $11,138

  • 24c · Other expenses: TRAINING & DEVELOPMENT

    total $45,316 · program services $17,234 · management and general $26,233 · fundraising $1,849

  • 24d · Other expenses: OTHER EXPENSES

    total $26,222 · program services $13,982 · management and general $4,978 · fundraising $7,262

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,443,024 · end of year $1,029,385

  • 3 · Pledges and grants receivable

    beginning of year $90,500 · end of year $7,500

  • 4 · Accounts receivable

    beginning of year $407,521 · end of year $341,049

  • 9 · Prepaid expenses and deferred charges

    beginning of year $438,248 · end of year $836,623

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

    $1,228,087

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

    $851,844

  • 10c · Land, buildings and equipment, net

    beginning of year $441,434 · end of year $376,243

  • 11 · Investments: publicly traded securities

    beginning of year $12,835,831 · end of year $14,190,187

  • 12 · Investments: other securities

    beginning of year $30 · end of year $30

  • 15 · Other assets

    beginning of year $34,311 · end of year $124,399

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,447,451 · end of year $2,097,282

  • 19 · Deferred revenue

    beginning of year $2,677,831 · end of year $2,936,272

  • 23 · Secured mortgages and notes payable

    end of year $250,000

  • 25 · Other liabilities

    beginning of year $97,131 · end of year $210,564

  • 27 · Net assets without donor restrictions

    beginning of year $8,009,333 · end of year $9,159,245

  • 28 · Net assets with donor restrictions

    beginning of year $2,459,153 · end of year $2,252,053

Mission and programs · 2024

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:HRS2025 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 $6,683,961 · Grants $34,500 · Revenue $11,247,918

  • 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.COM ARE THE OFFICIAL WEBSITES OF THE SOCIETY.

    Expenses $5,335,507 · Grants $2,000 · Revenue $2,786,989

  • 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 $6,227,455 · Grants $207,500 · Revenue $1,623,289

  • HEALTH, POLICY, AND OTHER

    Expenses $549,167 · Revenue $768,791

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher F Liu MD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Daniel P Morin MD MPH Fhrs

    ABSTRACT CHAIR

    Total calculated
    $0
    Hours/week
    2.5
  • Dhanunjaya R Lakkireddy MBA MD Fh

    VICE PRESIDENT/ PROGRAM CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Elaine Y Wan MD Fhrs

    MEMBER

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5
  • Jagmeet P Singh MD PhD Fhrs

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2.5
  • Junaid Ab Zaman Ma MD PhD Ccds

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Kamala P Tamirisa MD Fhrs

    MEMBER

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5
  • Kenneth A Ellenbogen MD Fhrs

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Kristen B Campbell Pharmd Fhrs

    MEMBER

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

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Mina K Chung MD Fhrs

    PRESIDENT

    Total calculated
    $0
    Hours/week
    11
  • Natalia A Trayanova PhD Fhrs

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Prashanthan Sanders Mbbs PhD Fhrs

    MEMBER

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

    MEMBER

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5
  • Sana M Al-Khatib MD Mhs Fhrs

    PRESIDENT - ELECT

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Susan P Etheridge MD Fhrs Ceps-P

    MEMBER

    Total calculated
    $2,075
    From this org
    $2,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5
  • Eric Booth

    CHIEF FINANCIAL OFFICER

    Total calculated
    $358,820
    From this org
    $303,910
    From related orgs
    $156
    Other
    $54,754
    Hours/week
    39.8 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $272,926 + $140 related
    Bonus
    $30,984 + $16 related
    Other
    $0
    Deferred
    $17,135 + $9 related
    Nontaxable benefits
    $37,591 + $19 related
    Filer's total
    $358,636 + $184 related
  • Patricia A Blake

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,026,389
    From this org
    $820,800
    From related orgs
    $0
    Other
    $205,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $543,502
    Bonus
    $110,075
    Other
    $167,223
    Deferred
    $161,885
    Nontaxable benefits
    $43,704
    Filer's total
    $1,026,389
  • Kenneth J Demith

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $366,036
    From this org
    $301,764
    From related orgs
    $0
    Other
    $64,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,764
    Bonus
    $27,000
    Other
    $0
    Deferred
    $43,587
    Nontaxable benefits
    $20,685
    Filer's total
    $366,036
  • Pamela E Magnani

    CHIEF DEVELOPMENT & INNOVATION OFFICER

    Total calculated
    $303,528
    From this org
    $273,603
    From related orgs
    $0
    Other
    $29,925
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,603
    Bonus
    $27,000
    Other
    $0
    Deferred
    $27,808
    Nontaxable benefits
    $2,117
    Filer's total
    $303,528
  • Timothy Gregory

    CHIEF GLOBAL & EDUCATION OFFICER

    Total calculated
    $406,422
    From this org
    $322,331
    From related orgs
    $0
    Other
    $84,091
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,331
    Bonus
    $38,000
    Other
    $0
    Deferred
    $49,552
    Nontaxable benefits
    $34,539
    Filer's total
    $406,422
  • Anne Marie Smith

    SR. VICE PRESIDENT, PRACTICE IMPROVEMENT

    Total calculated
    $261,235
    From this org
    $239,257
    From related orgs
    $0
    Other
    $21,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,757
    Bonus
    $9,500
    Other
    $0
    Deferred
    $6,451
    Nontaxable benefits
    $15,527
    Filer's total
    $261,235
  • Germaine A Lutman Schaefer

    ASSOCIATE VP MEETINGS & EVENTS

    Total calculated
    $233,716
    From this org
    $216,669
    From related orgs
    $0
    Other
    $17,047
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,419
    Bonus
    $7,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,047
    Filer's total
    $233,716
  • Kristopher J Murphy

    ASSOC. VP MEMBERSHIP, MKTG & COMMUNICATIONS

    Total calculated
    $255,341
    From this org
    $216,554
    From related orgs
    $112
    Other
    $38,675
    Hours/week
    39.8 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $209,558 + $108 related
    Bonus
    $6,996 + $4 related
    Other
    $0
    Deferred
    $24,973 + $13 related
    Nontaxable benefits
    $13,682 + $7 related
    Filer's total
    $255,209 + $132 related
  • Lori Monteleone

    ASSOCIATE VICE PRESIDENT, HRS PUBLICATIONS

    Total calculated
    $237,181
    From this org
    $190,581
    From related orgs
    $0
    Other
    $46,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,331
    Bonus
    $6,250
    Other
    $0
    Deferred
    $29,992
    Nontaxable benefits
    $16,608
    Filer's total
    $237,181
  • Stephen Sye

    VICE PRESIDENT, INFORMATION TECHNOLOGY

    Total calculated
    $229,053
    From this org
    $205,270
    From related orgs
    $0
    Other
    $23,783
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,770
    Bonus
    $8,500
    Other
    $0
    Deferred
    $10,685
    Nontaxable benefits
    $13,098
    Filer's total
    $229,053

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
  • 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 4B
DURING CALENDAR YEAR 2024, THE SOCIETY CONTRIBUTED $77,180 AND $23,000 TO PATRICIA BLAKES' NONQUALIFIED 457 (F) AND 457 (B) PLANS RESPECTIVELY. PATRICIA BLAKE RECEIVED A VESTED $155,923 DISTRIBUTION FROM THE 457(F) NON QUALIFIED PLAN DURING THE 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

  • FELLOWSHIP AWARD, CLINICAL RESEARCH AWARD

  • UNIVERSITY OF ARIZONA

    $50,000

    FELLOWSHIP AWARD, CLINICAL RESEARCH AWARD

  • FELLOWSHIP AWARD, CLINICAL RESEARCH AWARD

  • LUMIA HEALTH INC

    $30,000

    HRX SUPPORT

  • INOMAGEN THERAPEUTICS INC

    $15,000

    HRX SUPPORT

  • FELLOWSHIP AWARD, CLINICAL RESEARCH AWARD

  • CONFORM MEDICAL INC

    $10,000

    HRX SUPPORT

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
2024
Filed
10 March 2026
IRS schema version
2024v5.5
Source object
202630719349301668

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