Cardiovascular Medical Research And Education Fund Inc in Philadelphia, Pennsylvania (PA)

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Cardiovascular Medical Research And Education Fund Inc
Employer Identification Number (EIN)050579911
Name of OrganizationCardiovascular Medical Research And Education Fund Inc
In Care of NameMichael D Fishbein Esquire
Address510 Walnut St Ste 500, Philadelphia, PA 19106-3625
SubsectionCharitable Organization
Ruling Date10/2003
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$11,811,636
Amount of Income$2,502,105
Form 990 Revenue Amount$333,994
National Taxonomy of Exempt Entities (NTEE)Medical Research: Heart, Circulatory Research


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Amount of income in 2013: $2,502,105 (it was $4,381,010 in 2012)
This organization: 

 $2,502,105
Other organizations performing similar types of work: 

 $161,829

Assets in 2013: $11,811,636 (it was $15,238,362 in 2012)
Cardiovascular Medical Research And Education Fund Inc: 

 $11,811,636
Other organizations performing similar types of work: 

 $144,635

Expenses in 2012: $3,756,722
Cardiovascular Medical Research And Education Fund Inc: 

 $3,756,722
Other organizations performing similar types of work: 

 $114,309

Income to expenses ratio in 2012: 0.7
This organization: 

 0.7
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 99.5%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$381,005$381,005$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$372,586
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$8,419
Total expenses and disbursements$3,756,722$0$0$3,641,703
Compensation of officers, directors, trustees, etc.$53,750
Total operating and administrative expenses$144,047$0$29,028
Contributions, gifts, grants paid$3,612,675
Excess of revenue over expenses and disbursements$-3,375,717
Net investment income$381,005
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$15,238,362$15,250,201
Cash - non-interest-bearing$251,831
Investments-U.S. and state government obligations$1,007,213
Investments-corporate stock$0
Investments-corporate bonds$8,058,705
Investments-mortgage loans$0
Investments-other$0
Other$5,920,613
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$15,238,362
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$8,419
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$7,620
Total credits and payments$13,470
2012 estimated tax payments and 2011 overpayment credited to 2012$3,340
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$10,130
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$54
Tax due$0
Overpayment$5,796
Amount to be credited to 2013 estimated tax$5,796
Statements Regarding Activities (for 2012)
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?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
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)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$16,600,064
Net value of noncharitable-use assets$16,351,060
Minimum investment return$817,553
Distributable Amount (for 2012)
Distributable amount$809,933
Undistributed Income (for 2012)
Distributable amount for 2012$809,933
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Leducq Foundation For Cardiovascular Research800 Gessner Rd Ste 1260, Houston, TX 77024-4273TX2012-04$23,784,215
2Healthcorps Inc75 Broad St # 24, New York, NY 10004-2415NY2008-05$7,875,543
3Main Line Health Heart Center100 Lancaster Ave, Wynnewood, PA 19096-3450PA1982-05$2,994,175
4Cardiovascular Medical Research And Education Fund Inc510 Walnut St Ste 500, Philadelphia, PA 19106-3625PA2003-10$2,502,105
5The Consortium For Southeastern Hypertension ControlPO BOX 5097, Winston Salem, NC 27113-5097NC1995-11$1,476,681
6Lancaster Heart And Stroke Foundation131 E Frederick St, Lancaster, PA 17602-2222PA1993-09$569,272
7Society Of Cardiovascular Anesthesiologists Foundation, Sca FoundationAnesthesiologists Foundation 2805 M, Richmond, VA 23235VA2008-09$539,414
8Texas Arrhythmia Institute5090 Richmond Ave, Houston, TX 77056-7402TX1997-05$522,647
9University Of Louisville And Jewish Heritage Fund For Excellence Cardi302 E Muhammad Ali Blvd, Louisville, KY 40202-1572KY2008-02$286,902
10Allegheny Heart Institute320 E North Ave, Pittsburgh, PA 15212-4756PA1983-03$211,128
11World Stroke Organization501 W Colfax St, Palatine, IL 60067-2545IL2014-08$168,242
12Body For The Ages Non Profit1801 Bush St, San Francisco, CA 94109CA2007-12$156,131
13Pulmonary Pathology Society Inc12199 East Mercer Lane, Scottsdale, AZ 85259AZ2010-05$142,397
14Virginia Cardiac Surgery Quality Initiative2921 Telestar Ct, Falls Church, VA 22042-1205VA2004-12$137,448
15Milestones For Megan113 French Creek Road, Pottstown, PA 19465PA2004-04$48,889
16Delaware Valley Sts Quality Improvement InitiativeC/O Mary Ann Wertan 100 Lancaster, Wynnewood, PA 19096PA2004-12$47,400
17American Society For Electrocardiography3612 Canby Dr, Philadelphia, PA 19154-2008PA2007-08$0
18Cardiovascular Foundation Of Chester County993 Old Eagle School Rd Ste 415, Wayne, PA 19087-1710PA2005-11$0
19Ellies Heart Foundation750 Belmont Avenue, Williamsport, PA 17701PA2014-07$0
20Institute For Advanced Oral-Physical Health1717 W Chester Pike, Havertown, PA 19083-2927PA2007-02$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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