Overview
What is Midwest Cardiovascular Research Foundation?
The Midwest Cardiovascular Research Foundation, situated in Davenport, Iowa, is a dedicated nonprofit organization specializing in cardiovascular disease research. They actively conduct clinical trials, investigations, experiments, and studies to uncover, develop, or validate knowledge related to the causes, diagnosis, treatment, prevention, or control of cardiovascular diseases. Their efforts have resulted in numerous ongoing trials throughout the year. The foundation is also renowned for hosting an annual conference that attracts attendees from a wide area, with a focus on heart disease topics and high-quality speakers. With approximately 15 employees, Midwest Cardiovascular Research Foundation plays a significant role in the ongoing advancements in cardiovascular disease research.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Midwest Cardiovascular Research Foundation holds a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. While the organization has achieved a perfect score for having an entirely independent board and maintaining essential policies like conflict of interest and whistleblower protections, its overall financial transparency is lacking. The absence of financial statements and missing tax forms on the organization's website limit the public's ability to thoroughly evaluate its financial practices.
Despite the shortcomings in financial reporting, the foundation demonstrates a strong commitment to its mission, as indicated by a program expense ratio of 81.81%. This suggests that the majority of its resources are directed towards its programs rather than administrative costs. However, the high liabilities to assets ratio of 66.51% raises concerns about its financial stability and long-term sustainability.
Overall, while the foundation is commendable for its governance structures and program focus, potential donors and stakeholders should be aware of the financial transparency issues that could affect trust and decision-making.
This AI summary has been generated from information found on Charity Navigator.
Is Midwest Cardiovascular Research Foundation legitimate?
Midwest Cardiovascular Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Cardiovascular Research Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $147,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $355,646
For more financial information, click here
What is the mission statement of Midwest Cardiovascular Research Foundation?
The Midwest Cardiovascular Research Foundation (MCRF) is dedicated to actively conducting medical research in the field of cardiovascular diseases. Their primary objective is to uncover, develop, or confirm knowledge related to the causes, diagnosis, treatment, prevention, or control of cardiovascular diseases through clinical trials. The foundation engages in investigations, experiments, and studies, contributing significantly to the advancement of cardiovascular disease understanding and treatment. MCRF frequently conducts various clinical trials throughout the year, and they also host an annual conference, attracting attendees from a wide area for discussions on heart disease topics and high-quality speaker presentations.
Who is the CEO of Midwest Cardiovascular Research Foundation?
Nicholas Shammas is the Director of Midwest Cardiovascular Research Foundation.
What is the revenue of Midwest Cardiovascular Research Foundation?
Midwest Cardiovascular Research Foundation's revenue in 2022 was $1,525,149.
Who are the executives of Midwest Cardiovascular Research Foundation and what are their salaries?
The average compensation at Midwest Cardiovascular Research Foundation during 2022 was $33,536. There are 15 employees at Midwest Cardiovascular Research Foundation.
Here are 6 key members and their salaries:
- Compensation: $72,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Midwest Cardiovascular Research Foundation?
Midwest Cardiovascular Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Midwest Cardiovascular Research Foundation
The Midwest Cardiovascular Research Foundation (MCRF) is committed to the continuous, active conduct of medical research. Their primary focus is on investigations, experiments, and studies aimed at discovering, developing, or verifying knowledge related to the causes, diagnosis, treatment, prevention, or control of cardiovascular disease. MCRF accomplishes this by conducting clinical trials, contributing to the advancement of heart disease research.
In addition to their research efforts, MCRF organizes an annual conference that attracts attendees from a wide area. The conference is renowned for the heart disease topics covered and the quality of the speakers, providing a platform for sharing and advancing knowledge in the field. By engaging in both research and educational events, the Midwest Cardiovascular Research Foundation plays a significant role in the ongoing pursuit of understanding and addressing cardiovascular diseases.
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Impact
July, 2024
Midwest Cardiovascular Research Foundation (MCRF) plays a vital role in advancing medical research related to heart disease. Through its continuous conduct of clinical trials, MCRF contributes to the discovery, development, and verification of knowledge concerning the causes, diagnosis, treatment, prevention, and control of cardiovascular disease. By focusing on this critical area of healthcare, MCRF is directly impacting the advancement of medical treatments and care for individuals with cardiovascular conditions. Additionally, the foundation's annual conference has been well-received, providing a platform for discussion on important heart disease topics and featuring high-quality speakers.
This information is meant to be a general summary of Midwest Cardiovascular Research Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,075
- Program Service Revenue: $1,301,109
- Gross Receipts: $1,525,149
Assets and Liabilities:
- Total Assets: $2,598,340
- Total Liabilities: $1,952,604
- Net Assets: $645,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH TRIALS
Revenue
$1,057,106
RESEARCH CONFERENCES
Revenue
$66,500
HEALTH CLINIC INCOME
Revenue
$177,503
Organization Details
Founding Year
2002
Phone
(563) 324-2828Principal Officer
Nicholas Shammas
Main Address
630 E 4TH ST STE A, DAVENPORT, IA, 52801
NTEE Category
Code: H90 - Medical research
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