Overview
What is Foundation For Heart Failure Research Inc?
The Foundation for Heart Failure Research Inc, situated in New York, NY, is a nonprofit organization devoted to backing various medical research organizations. Their primary objective is to conduct thorough research on heart failure, aiming to advance medical knowledge and potential treatments in this field. By supporting multiple research organizations, the foundation plays a significant role in the broader heart failure research community within New York.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 69%, Two-Star out of Four Star rating
The Foundation For Heart Failure Research Inc has been assigned a rating of 'Needs Improvement' with an overall score of 69%. This indicates some strengths in financial management, particularly a high program expense ratio of 97.76%, suggesting that a significant portion of funds is directed toward programs rather than administrative costs. Additionally, the organization received a perfect score for its audited financial statements and has no reported material diversion of assets.
However, the organization faces significant challenges in governance and transparency. Notably, it lacks independent board members and has critical omissions in its policy documentation, including missing whistleblower and document retention policies. The absence of required financial documents on its website, along with no posted board meeting minutes, raises concerns regarding accountability and transparency.
In summary, while the Foundation For Heart Failure Research shows a commitment to program funding, it must improve its governance practices and transparency measures to achieve a stronger rating in the future. This will be essential for building trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Heart Failure Research Inc legitimate?
Foundation For Heart Failure Research Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Heart Failure Research Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Foundation For Heart Failure Research Inc?
The Foundation for Heart Failure Research Inc is an organization that supports multiple medical research organizations. Their primary mission, as stated, is focused on conducting research related to heart failure. By backing various research organizations, they aim to advance our understanding and potential treatments for heart failure. This mission is crucial in the pursuit of improving heart health and quality of life for those affected by this condition. The organization's activities primarily revolve around funding and promoting research in the field of heart failure.
Who is the CEO of Foundation For Heart Failure Research Inc?
Jay Newman Esq is the Treasurer of Foundation For Heart Failure Research Inc. The CEO's salary of Foundation For Heart Failure Research Inc is $0 and their total compensation is $0.
What is the revenue of Foundation For Heart Failure Research Inc?
Foundation For Heart Failure Research Inc's revenue in 2021 was $606,636.
Who are the executives of Foundation For Heart Failure Research Inc and what are their salaries?
Here are 3 key members and their salaries (Foundation For Heart Failure Research Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Foundation For Heart Failure Research Inc?
Foundation For Heart Failure Research Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Foundation For Heart Failure Research Inc
The Foundation for Heart Failure Research Inc is an organization that plays a significant role in supporting various medical research organizations. Its primary mission, as stated, is focused on conducting research related to heart failure. This nonprofit organization plays a crucial role in advancing our understanding of heart failure, a condition that affects countless individuals worldwide. By supporting multiple research organizations, the Foundation for Heart Failure Research Inc contributes to the development of new treatments, therapies, and potential cures for heart failure. This mission is a testament to the organization's commitment to improving the lives of those affected by this condition. By fostering research, the Foundation for Heart Failure Research Inc seeks to contribute to the broader medical community and ultimately improve health outcomes for individuals with heart failure.
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Impact
July, 2024
Foundation For Heart Failure Research Inc's impact lies in advancing the research of heart failure, contributing to the development of new treatments, improving patient outcomes, and potentially saving lives. Through supporting multiple medical research organizations in New York, NY, the Foundation plays a crucial role in driving scientific progress and enhancing our understanding of heart failure. By focusing on this critical area of healthcare, the Foundation is making a tangible difference in the lives of individuals affected by this disease, offering hope for better future outcomes.
This information is meant to be a general summary of Foundation For Heart Failure Research Inc. 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 2021.
- Investment Income: $606,636
- Gross Receipts: $606,636
Assets and Liabilities:
- Total Assets: $14,012,156
- Total Liabilities: $23,500
- Net Assets: $13,988,656
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Organization Details
Founding Year
1986
Phone
(212) 371-9400Principal Officer
Jay Newman Esq
Main Address
C/O MELTZER LIPPE 70 EAST 55TH ST 1, NEW YORK, NY, 10022
NTEE Category
Code: G05 - Disease
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