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Heart Initiative Inc

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

EIN: 271263151 ✦ Chapel hill, NC ✦ Designated as a 501(c)(3)

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Overview

What is Heart Initiative Inc?

Heart Initiative Inc, formerly known as the African Heart Initiative, is a nonprofit organization based in Chapel Hill, North Carolina. Their primary mission is to diagnose and investigate early diagnosis and treatment of cardiovascular diseases, with a specific focus on heart failure, in countries with limited medical resources. In 2022, they have been actively enrolling, summarizing, and analyzing the STRONG HF study, a global, double-blind, placebo-controlled trial assessing the implementation of approved, generic medication for heart failure in patients recently admitted for acute heart failure. The goal is to improve treatment options for the approximately 6 million Americans affected by heart failure. They are also analyzing and publishing data from completed studies in Sub-Saharan Africa and exploring the conduct of new studies to implement robust heart failure treatment globally. Two initiatives launched this year include CORTAHF in collaboration with INSERM in Paris to explore the effects of steroids in acute heart failure, and CP&R, which aims to improve adherence to treatment in patients with hypertension.


Official website here: www.worldheartinitiative.org

What are the reviews and ratings of this charity?

Charity Navigator rating: One-Star out of Four Stars (54%)

Heart Initiative Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score reflects a lack of independent board members, as none of the eight members are independent. Additionally, the organization has not provided financial statements, which raises transparency issues.

While the charity demonstrates a good program expense ratio of 100%, showcasing that all its expenses are directed toward its programs, the absence of critical policies, such as conflicts of interest and whistleblower protections, highlights potential weaknesses in governance. Moreover, the organization has not made its tax forms publicly accessible on its website, further detracting from its accountability.

On a positive note, Heart Initiative Inc has successfully avoided any material diversion of assets, which indicates financial integrity. However, the combination of missing governance policies and a lack of independent oversight suggests that improvements are needed for the organization to enhance its accountability and credibility with donors and stakeholders.


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

Is Heart Initiative Inc legitimate?

Heart Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heart Initiative 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


Official website here: www.worldheartinitiative.org

What is the mission statement of Heart Initiative Inc?

Heart Initiative Inc, formerly known as African Heart Initiative, is a non-profit organization with a mission to diagnose and explore various aspects of early diagnosis and treatment of cardiovascular diseases, specifically heart failure, in countries where proper medical treatment is severely lacking. In 2022, the organization has been actively enrolling, summarizing, and analyzing the Strong HF study, a multi-center double-blind placebo-controlled study assessing the implementation of approved, generic medication for the treatment of heart failure in patients recently admitted for acute heart failure. The study has enrolled the last 300 out of the predicted 1,100 patients, with the results analyzed, presented, and published. These findings are expected to have a significant impact on the treatment of heart failure, a disease affecting approximately 6 million Americans and associated with high morbidity and mortality. Additionally, Heart Initiative Inc is continuing to analyze and publish data from completed studies conducted in Sub-Saharan Africa and exploring the conduct of other studies to implement robust heart failure treatment globally. New initiatives this year include CortAHF in collaboration with INSERM in Paris to explore the effects of steroids in acute heart failure, and CP&R exploring ways to improve adherence to treatment in patients with hypertension.


Official website here: www.worldheartinitiative.org

Who is the CEO of Heart Initiative Inc?

Beth Cotter-Davison is the Director of Heart Initiative Inc.


Official website here: www.worldheartinitiative.org

What is the revenue of Heart Initiative Inc?

Heart Initiative Inc's revenue in 2022 was $3,129,053.


Official website here: www.worldheartinitiative.org

Who are the executives of Heart Initiative Inc and what are their salaries?


Here are 3 key members and their salaries:


Gad Cotter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Cotter-Davison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Molina (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.worldheartinitiative.org

Where can I find the form 990 for Heart Initiative Inc?

Heart Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.worldheartinitiative.org

Learn more at the official website: www.worldheartinitiative.org

Mission Statement of Heart Initiative Inc

Heart Initiative Inc, formerly known as African Heart Initiative, is a non-profit organization with a mission to advance the early diagnosis and treatment of cardiovascular diseases, particularly heart failure, in countries where access to proper medical care is severely limited. The organization's primary focus is on third-world nations, aiming to alleviate the burden of heart failure, a disease that affects an estimated 6 million Americans and is associated with high morbidity and mortality.

In pursuit of its mission, Heart Initiative Inc is conducting the STRONG HF study, a multi-center, double-blind, placebo-controlled trial assessing the implementation of approved, generic medication for the treatment of heart failure in patients recently admitted for acute heart failure. As of 2022, the organization has enrolled and analyzed data from the last 300 of the predicted 1,100 patients. The results of this study are expected to have a significant impact on the treatment of heart failure globally.

In addition to the STRONG HF study, Heart Initiative Inc is also analyzing and publishing data from completed studies in Sub-Saharan Africa. The organization is actively exploring the conduct of other studies to help implement the results of robust heart failure treatments globally. This year, Heart Initiative Inc has initiated collaborations with INSERM in Paris for the CORTAHF study, aiming to explore the effects of steroids in acute heart failure, and with CP&R to explore ways to improve adherence to treatment in patients with hypertension.

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Impact




October, 2024

Heart Initiative Inc. is making a significant impact on the treatment and management of heart failure, particularly in communities that lack adequate medical resources. In 2022, the organization successfully enrolled the final 300 patients in the STRONG HF study, a global, multi-center, double-blind, placebo-controlled trial that evaluates the use of approved, generic medications for patients experiencing acute heart failure. The results from this study have been rigorously analyzed and published, highlighting their potential to transform heart failure treatment for approximately 6 million Americans.

Additionally, Heart Initiative Inc. continues to analyze and disseminate data from completed studies conducted in sub-Saharan Africa, addressing the specific challenges faced by this region in managing cardiovascular diseases. The organization is also exploring new research initiatives, such as the CORTAHF study in collaboration with INSERM in Paris, which investigates the efficacy of steroids in acute heart failure. Another significant initiative focuses on enhancing treatment adherence for hypertension patients, contributing to improved health outcomes.

Through these efforts, Heart Initiative Inc. is advancing early diagnosis and treatment of cardiovascular diseases, striving to bridge the gap in healthcare provisions in low-resource settings. Their work not only fosters better understanding of heart conditions but also informs strategies that can lead to effective implementations globally, thus addressing a critical public health challenge.




This information is meant to be a general summary of Heart Initiative 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.

Revenue
$3,129,053 (2022)
Expenses
$2,464,025 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $22,726
  • Gross Receipts: $3,129,053

Assets and Liabilities:

  • Total Assets: $2,497,807
  • Total Liabilities: $80,000
  • Net Assets: $2,417,807

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Organization Details

Founding Year

2009

Principal Officer

Beth Cotter-Davison

Main Address

50101 GOVERNORS DR, CHAPEL HILL, NC, 275179517

NTEE Category

Code: G43 - Disease

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