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Cardiovascular Research Foundation Of Southern California

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204100028 ✦ Beverly hills, CA ✦ Designated as a 501(c)(3)

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Overview

What is Cardiovascular Research Foundation Of Southern California?

The Cardiovascular Research Foundation of Southern California is a nonprofit organization situated in Beverly Hills, California. Their primary focus is on raising funds, supporting, and conducting innovative research with the potential to revolutionize the diagnosis and treatment of cardiovascular diseases. By engaging in this mission, they aim to significantly enhance the prognosis and improve the quality of life for patients suffering from cardiovascular ailments. Their activities encompass research and education, contributing to the advancement in the field.


Official website here: www.cvrf.net

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) - Score: 69%

The Cardiovascular Research Foundation of Southern California has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and finance. The organization scores 69%, reflecting solid marks in some governance factors, including a high percentage of independent board members and no material diversion of assets, suggesting a degree of operational integrity.

However, the foundation has notable weaknesses, such as the absence of a whistleblower policy and a document retention and destruction policy, which are critical for transparency and ethical accountability. Additionally, the lack of documented board meeting minutes raises concerns about governance practices. While the program expense ratio is relatively strong at 68.59%, these governance deficiencies highlight areas where the organization could enhance its overall effectiveness.

In summary, while the Cardiovascular Research Foundation of Southern California demonstrates some strengths in its board composition and financial health, there are significant governance lapses that need to be addressed to improve its rating and public trust moving forward.


This AI summary has been generated from information found on Charity Navigator.

Is Cardiovascular Research Foundation Of Southern California legitimate?

Cardiovascular Research Foundation Of Southern California is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cardiovascular Research Foundation Of Southern California 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: $139,000
Professional Fundraising Fees: $711
Other Salaries and Wages: $104,694

For more financial information, click here


Official website here: www.cvrf.net

What is the mission statement of Cardiovascular Research Foundation Of Southern California?

The Cardiovascular Research Foundation of Southern California is dedicated to funding, supporting, and conducting innovative research and education. Their primary goal is to advance the diagnosis and treatment of cardiovascular diseases. They aim to improve the prognosis and quality of life for patients suffering from cardiovascular diseases. The foundation also supports research that has the potential to make significant breakthroughs in cardiovascular diagnosis and treatment, which could potentially serve as a "game changer."


Official website here: www.cvrf.net

Who is the CEO of Cardiovascular Research Foundation Of Southern California?

Ronald Karlsberg Md is the Ceo/President of Cardiovascular Research Foundation Of Southern California. The CEO's salary of Cardiovascular Research Foundation Of Southern California is $50,000 and their total compensation is $50,000.


Official website here: www.cvrf.net

What is the revenue of Cardiovascular Research Foundation Of Southern California?

Cardiovascular Research Foundation Of Southern California's revenue in 2022 was $559,378.


Official website here: www.cvrf.net

Who are the executives of Cardiovascular Research Foundation Of Southern California and what are their salaries?


Here are 20 key members and their salaries (Cardiovascular Research Foundation Of Southern California's CEO's salary is $50,000 and their total compensation is $50,000):


Ronald P Karlsberg Md (Ceo/President)
  • Compensation: $50,000
  • Related: $0
  • Other: $0
Eli Gang Md (Vice President)
  • Compensation: $35,000
  • Related: $0
  • Other: $0
Gary Hampar (Cfo/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peggy C Frank (Secretary/Executive Director)
  • Compensation: $54,000
  • Related: $0
  • Other: $0
Bahador Mahboubi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly Cohen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Lewitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Quesada Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Constance Towers Gavin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Stern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daryoush Mahboubi-Fardi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
D Gregory Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Kandela (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Gold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Wolff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maurice Lewitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Weinper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Moe Nozari (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Rich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Y Freeborn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cvrf.net

Where can I find the form 990 for Cardiovascular Research Foundation Of Southern California?

Cardiovascular Research Foundation Of Southern California's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cvrf.net

Learn more at the official website: www.cvrf.net

Mission Statement of Cardiovascular Research Foundation Of Southern California

The Cardiovascular Research Foundation of Southern California is committed to improving the prognosis and quality of life for individuals struggling with cardiovascular disease. To achieve this, the foundation funds, supports, and conducts innovative research and education. Their primary goal is to discover potential breakthroughs in the diagnosis and treatment of cardiovascular diseases, with the ambition of making significant strides that could revolutionize the field. The foundation is dedicated to advancing medical knowledge and ultimately saving lives by supporting research that has the potential to be a game-changer in the field of cardiovascular disease.

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Impact




July, 2024

The Cardiovascular Research Foundation of Southern California has significantly impacted the field of cardiovascular health by funding, supporting, and conducting innovative research and education that advances the diagnosis and treatment of cardiovascular disease. Their mission to improve the prognosis and quality of life for patients with cardiovascular conditions has led to the development of potentially game-changing advancements in this critical area of medicine. Through their philanthropic efforts in Beverly Hills, CA, this organization plays a vital role in driving progress and innovation in cardiovascular healthcare.




This information is meant to be a general summary of Cardiovascular Research Foundation Of Southern California. 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.

Revenue
$559,378 (2022)
Expenses
$612,478 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $43,284
  • Program Service Revenue: $193,930
  • Gross Receipts: $559,378

Assets and Liabilities:

  • Total Assets: $2,375,503
  • Total Liabilities: $1,893
  • Net Assets: $2,373,610

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESEARCH AND EDUCATION

Revenue

$193,930

Organization Details

Founding Year

2006

Principal Officer

Ronald Karlsberg Md

Main Address

414 N CAMDEN AVENUE 1100, BEVERLY HILLS, CA, 90210

NTEE Category

Code: T23 - Philanthropy

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