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Nonprofiteer
← ASSOCIATION OF BLACK CARDIOLOGISTS

Form 990 for tax year 2022

Filed by ASSOCIATION OF BLACK CARDIOLOGISTS.

Totals

Total revenue
$4,984,157
Total expenses
$4,865,731
Contributions and grants received
$4,687,295
Grants paid
$0
Program service revenue
$15,077
Investment income
$96,382
Other revenue
$185,403
Total assets, end of year
$4,737,478
Total liabilities, end of year
$2,052,556
Net assets or fund balances, end of year
$2,684,922
Program services expenses (Part IX)
$3,611,197
Management and general expenses
$661,300
Fundraising expenses
$593,234
Program service expenses (Part III)
$3,611,197

Program services were 74.2% 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.

  • 1b · Membership dues

    $638,654

  • 1f · All other contributions, gifts and grants

    $4,048,641

  • 1g · Noncash contributions included above

    $69,220

  • 2a · Program service revenue: ONLINE RESOURCE CENTER

    total $15,077 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $96,382 · unrelated business $0 · excluded $96,382

  • 8a · Fundraising events: gross income

    $265,650

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

    $0

  • 8b · Fundraising events: direct expenses

    $80,247

  • 8c · Net income from fundraising events

    total $185,403 · unrelated business $0 · excluded $185,403

  • 11a · Other revenue: PAYROLL PROTECTION PROGRAM LOAN FORGIVENESS

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $405,192 · program services $230,394 · management and general $90,798 · fundraising $84,000

  • 7 · Other salaries and wages

    total $731,513 · program services $309,759 · management and general $229,252 · fundraising $192,502

  • 8 · Pension plan contributions

    total $16,681 · program services $8,851 · management and general $3,727 · fundraising $4,103

  • 9 · Other employee benefits

    total $43,962 · program services $19,410 · management and general $15,442 · fundraising $9,110

  • 10 · Payroll taxes

    total $85,588 · program services $41,978 · management and general $24,395 · fundraising $19,215

  • 11a · Fees: management

    total $2,270,534 · program services $2,036,013 · management and general $64,591 · fundraising $169,930

  • 11b · Fees: legal

    total $406 · program services $0 · management and general $406 · fundraising $0

  • 11c · Fees: accounting

    total $70,757 · program services $40,472 · management and general $19,893 · fundraising $10,392

  • 12 · Advertising and promotion

    total $15,153 · program services $9,723 · management and general $5,430 · fundraising $0

  • 13 · Office expenses

    total $113,824 · program services $93,913 · management and general $13,483 · fundraising $6,428

  • 14 · Information technology

    total $78,657 · program services $48,296 · management and general $20,223 · fundraising $10,138

  • 16 · Occupancy

    total $34,209 · program services $19,108 · management and general $9,917 · fundraising $5,184

  • 17 · Travel

    total $226,439 · program services $133,391 · management and general $53,345 · fundraising $39,703

  • 19 · Conferences, conventions and meetings

    total $305,484 · program services $206,121 · management and general $68,478 · fundraising $30,885

  • 22 · Depreciation, depletion and amortization

    total $31,429 · program services $30,830 · management and general $394 · fundraising $205

  • 23 · Insurance

    total $11,706 · program services $6,497 · management and general $3,356 · fundraising $1,853

  • 24a · Other expenses: SCHOLARSHIPS AND AWARDS

    total $265,856 · program services $261,356 · management and general $4,500 · fundraising $0

  • 24b · Other expenses: PRINTING

    total $32,728 · program services $27,945 · management and general $1,839 · fundraising $2,944

  • 24c · Other expenses: EDUCATION, TRAINING & DEVELOPMENT

    total $26,137 · program services $8,798 · management and general $17,339 · fundraising $0

  • 24d · Other expenses: PUBLICATIONS

    total $10,860 · program services $10,860 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $88,616 · program services $67,482 · management and general $14,492 · fundraising $6,642

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,514,143 · end of year $530,084

  • 3 · Pledges and grants receivable

    beginning of year $364,100 · end of year $394,400

  • 4 · Accounts receivable

    beginning of year $55,484 · end of year $77,605

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,541 · end of year $17,151

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

    $132,206

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

    $132,206

  • 10c · Land, buildings and equipment, net

    beginning of year $31,429 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,182,769 · end of year $3,718,238

  • 17 · Accounts payable and accrued expenses

    beginning of year $366,157 · end of year $925,766

  • 19 · Deferred revenue

    beginning of year $266,003 · end of year $251,670

  • 25 · Other liabilities

    beginning of year $1,503,896 · end of year $875,120

  • 27 · Net assets without donor restrictions

    beginning of year $2,997,410 · end of year $2,684,922

  • 28 · Net assets with donor restrictions

    beginning of year $30,000 · end of year $0

Mission and programs · 2022

Mission

TO CHAMPION THE ELIMINATION OF CARDIOVASCULAR DISPARITIES THROUGH EDUCATION, RESEARCH AND ADVOCACY.

  • CONTINUING MEDICAL EDUCATION - ORGANIZATION SPONSORED CONTINUING MEDICAL EDUCATION SYMPOSIA AND REGIONAL PROGRAMS ON THE PREVENTION AND TREATMENT OF CARDIOVASCULAR DISEASE FOR HEALTH CARE PROFESSIONALS. ADDITIONALLY, THE ABC CLINICAL TRIALS NETWORK (ABC CTN) PROVIDES INVESTIGATORS FROM MULTIPLE SPECIALTIES WITH UMPARALLELED ACCESS TO CLINICAL STUDIES OF INTEREST WHILE OFFERING INDUSTRY "ONE-STOP" ACCESS TO MULTIPLE INVESTIGATORS THAT ASCRIBE TO THE SAME STANDARD OF CLINICAL TRIAL CONDUCT.

    Expenses $2,394,342

  • SPIRIT OF HEART COMMUNITY PROGRAMS - ORGANIZATION SPONSORED COMMUNITY PROGRAMS THAT ENCOURAGE COMMUNITY WIDE PARTICIPATION IN HEART DISEASE PREVENTION, EDUCATION, DETECTION AND LIFESTYLE CHANGES THAT CAN IMPROVE THE CARDIOVASCULAR HEALTH STATUS OF ALL COMMUNITIES, PRIMARILY THOSE WITH A MAJORITY OF AFRICAN AMERICAN RESIDENTS WHO REMAIN AT HIGHER RISK FOR HEART DISEASE AND STROKE WHEN COMPARED TO WHITE AMERICANS.

    Expenses $785,528

  • ACCESS TO CARE AND TREATMENT INITIATIVE - ORGANIZATION IS WORKING AT THE LOCAL, STATE, AND FEDERAL LEVELS TO ELIMINATE DISPARITIES IN CARDIOVASCULAR DISEASE AND STROKE IN BLACKS AND OTHER MINORITIES. ORGANIZATION ENDEAVORS TO BE A LEADING AUTHORITY FOR POLICYMAKERS ON ISSUES THAT IMPACT THE PRACTICE OF AND ACCESS TO CARDIOVASCULAR CARE IN ALL POPULATIONS, INCLUDING BY ADVOCATING FOR INITIATIVES AND PROGRAMS FOCUSED ON EDUCATION, PREVENTION, AND TREATMENT.

    Expenses $431,327

  • OTHER

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

Listed in Part VII

  • DENNIS R CRYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD ALLEN WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MILLICENT GORHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RACHEL BOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN KWAKU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA S BURROUGHS

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    1

  • JOYCE GWENDOLYN TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NORRRISA HAYNES

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    1

  • MICHELLE JOHNSON

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    1

  • SABRA C LEWSEY

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    1

  • ANTHONY FLETCHER

    DIRECTOR

    Total calculated
    $1,250
    From this org
    $0
    From related orgs
    $1,250
    Other
    $0
    Hours/week
    1

  • MARLENE WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLORIA WILSON SHELTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELDRIN LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARBARA HUTCHINSON

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANEKWE ONWUANYI

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH POKU

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN SNEED

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE ALBERT

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH OFILI

    IMMEDIATE PAST BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LYNNETT R GLASS

    CHIEF OPERATING OFFICER

    Total calculated
    $171,412
    From this org
    $162,558
    From related orgs
    $0
    Other
    $8,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,559
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,854
    Filer's total
    $171,413

  • CASSANDRA MCCULLOUGH

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $260,128
    From this org
    $247,029
    From related orgs
    $0
    Other
    $13,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,029
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,099
    Filer's total
    $260,128

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349316975

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