Paleocardiology Foundation in Dana Point, California (CA)

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Paleocardiology Foundation
Employer Identification Number (EIN)272206358
Name of OrganizationPaleocardiology Foundation
In Care of NameGregory Thomas
Address32582 Balearic Rd, Dana Point, CA 92629-3613
SubsectionCharitable Organization
Ruling Date01/2012
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$45,819
Amount of Income$50,700
Form 990 Revenue Amount$127,500
National Taxonomy of Exempt Entities (NTEE)Medical Research: Heart, Circulatory Research


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Amount of income in 2013: $50,700 (it was $40,480 in 2012)
This organization: 

 $50,700
Other organizations performing similar types of work: 

 $161,829

Assets in 2013: $45,819 (it was $44,031 in 2012)
Paleocardiology Foundation: 

 $45,819
Other organizations performing similar types of work: 

 $144,635

Expenses in 2013: $48,912
Paleocardiology Foundation: 

 $48,912
Other organizations performing similar types of work: 

 $114,309

Income to expenses ratio in 2013: 1.0
Paleocardiology Foundation: 

 1.0
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 99.5%

Financial snapshot ($)

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$50,700$0$0
Contributions, gifts, grants, etc., received$50,700
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$48,912$0$0$48,912
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$3,480
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$43,491
Printing and publications$0
Total operating and administrative expenses$48,912$0$48,912
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$1,788
Net investment income$0
Adjusted net income$0
Balance Sheets
2010201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$63,422$63,422$49,632$49,632$44,031$44,031$45,819$45,819
Cash - non-interest-bearing$63,422$9,632$44,031$45,819
Investments-U.S. and state government obligations$0$0$0$0
Investments-corporate stock$0$0$0$0
Investments-corporate bonds$0$0$0$0
Investments-mortgage loans$0$0$0$0
Investments-other$0$0$0$0
Other assets$0$0
Total liabilities$0$0$0$0
Total liabilities and net assets/fund balances$63,422$49,632$44,031$45,819
Capital Gains and Losses for Tax on Investment Income
2010201120122013
Capital gain net income$0$0$0$0
Net capital loss$0$0$0$0
Excise Tax Based on Investment Income
2010201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNoNo
Tax based on investment income$0$0$0$0
Total credits and payments$0$0$0$0
Any penalty for underpayment of estimated tax$0$0$0$0
Tax due$0$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0$0
Statements Regarding Activities
2010201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoYesYesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
2010201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNoNo
Agree to pay money or property to a government official?NoNoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?YesYes
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
2010201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$54,104$57,658$33,242$51,365
Net value of noncharitable-use assets$32,743$50,595
Minimum investment return$2,358$2,840$1,637$2,530
Distributable Amount
2010201120122013
Distributable amount$2,358$0$0$0
Undistributed Income
2010201120122013
Distributable amount for this year$2,358$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$1$0$0$0$1
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Heritage Medical Research Institute3115 Ocean Front Walk Apt 301, Marina Dl Rey, CA 90292-5142CA2004-02$18,558,744
2Leducq Foundation For Cardiovascular Research800 Gessner Rd Ste 1260, Houston, TX 77024-4273TX2012-04$23,784,215
3Healthcorps Inc75 Broad St # 24, New York, NY 10004-2415NY2008-05$7,875,543
4The Consortium For Southeastern Hypertension ControlPO BOX 5097, Winston Salem, NC 27113-5097NC1995-11$1,476,681
5Foundation For Cardiovascular Medicine And Research4510 Executive Dr Ste 206, San Diego, CA 92121-3023CA1999-09$1,232,662
6Body For The Ages Non Profit1801 Bush St, San Francisco, CA 94109CA2007-12$156,131
7International Andreas Gruentzig Society2489 16th Ave, San Francisco, CA 94116-2526CA2004-10$80,473
8Paleocardiology Foundation32582 Balearic Rd, Dana Point, CA 92629-3613CA2012-01$50,700
9Vein Institute Of La Jolla Foundation Inc9850 Genessee Ave, La Jolla, CA 92037-1224CA2002-07$46,665
10Angels For Hearts3512 Gabilan Way, Sacramento, CA 95821-3311CA2009-01$36,067
11California Vascular Research Foundation1082 Glendon Ave, Los Angeles, CA 90024CA2004-06$18,210
12Hollywood Heart & Vascular Research Foundation1330 Bennett Dr, Pasadena, CA 91103-2705CA2010-05$6,233
13B K Medical Research FoundationPO BOX 6406, Sn Bernrdno, CA 92412-6406CA2012-11$77
14Heart Center Of Los Angeles Research Foundation8635 W 3rd St Ste 1190w, Los Angeles, CA 90048-6101CA1999-02$0
15Himalayan Health Fund10 Governors Lane, Chico, CA 95926CA2009-11$0
16National Wine Expositions Foundation1430 20th Street, Sacramento, CA 95811CA2003-12$0
17Risk Intervention In Coronary Artery Disease In Indian Asians Project Inc8860 Center Drive No 400, La Mesa, CA 91942-7003CA2003-01$0
18Shane Mccusker Foundation For Pediatric Cardiology5202 Clearsite St, Torrance, CA 90505CA2011-01$0
19Usc Cardiothoracic Surgeons Inc1520 San Pablo St, Los Angeles, CA 90033-5310CA1999-03$0
20Vascular Vaticination Research Group935 Trancas St Ste 3a, Napa, CA 94558-2942CA2005-01$0
Number of organizations performing similar types of work
Alabama1
Arizona10
California17
Colorado1
Connecticut1
District of Columbia2
Florida9
Georgia1
Illinois10
Indiana3
Kansas1
Kentucky6
Louisiana4
Massachusetts7
Maryland4
Maine1
Michigan4
Minnesota4
Missouri4
Montana1
North Carolina3
New Hampshire1
New Jersey4
Nevada1
New York12
Ohio4
Oklahoma1
Pennsylvania10
South Carolina2
Tennessee1
Texas9
Utah2
Virginia4
Washington2
Wisconsin5
Total152

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