Overview
What is Twin Cities Heart Foundation?
Twin Cities Heart Foundation is a nonprofit organization based in Minneapolis, Minnesota. Its primary focus is on conducting and supporting cardiovascular research. The foundation is particularly interested in exploring cost-effective methods of remote patient monitoring and communication, including telemedicine and other technologies, to allow elderly cardiovascular patients to manage their health independently and reduce the need for assisted living or nursing home placement. Additionally, Twin Cities Heart Foundation collaborates with local institutions to evaluate non-surgical treatments for vascular heart disease and examines the public health risks and costs associated with cardiac complications from medical devices and drugs. The organization has published several perspectives on the need for successful cardiovascular device innovation.
Official website here: www.twincitiesheartfoundation.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Twin Cities Heart Foundation has achieved a rating of 83%, indicating a solid performance in the area of accountability and finance. The foundation's score is based solely on its financial management, showing a commitment to maintaining transparency and effective use of resources. Key strengths include having a fully independent board, which is crucial for governance and oversight, as well as a high program expense ratio of 84.43%, reflecting a strong focus on its charitable mission.
The organization has also demonstrated strong accountability practices, as evidenced by its comprehensive conflict of interest policy and the proper documentation of board meeting minutes. However, it falls short in some areas, specifically lacking a whistleblower policy and a document retention and destruction policy. While these are not uncommon gaps, they are essential for overall risk management and fostering an open organizational culture.
Overall, the Twin Cities Heart Foundation shows a commitment to responsible financial stewardship, but addressing the noted policy gaps could enhance its operational integrity and credibility further. This foundation's efforts in heart health are commendable, and they could benefit from strengthening their governance policies to align with best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Twin Cities Heart Foundation legitimate?
Twin Cities Heart Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twin Cities Heart 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.
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Official website here: www.twincitiesheartfoundation.net
What is the mission statement of Twin Cities Heart Foundation?
The Twin Cities Heart Foundation's mission is focused on supporting and conducting cardiac research. Specifically, they aim to investigate ways to make remote communications and patient monitoring cost-effective and practical. This involves evaluating various audio, video, and data acquisition systems, such as telemedicine, videoconferencing, and other surveillance systems. They also examine the individual patient and public health impact of the side effects of different drugs and devices. Additionally, the foundation conducts cardiac research that enhances our understanding of cardiac disease diagnosis, prevention, and treatment, with a focus on nonsurgical interventions and treatment of valvular heart disease.
Official website here: www.twincitiesheartfoundation.net
What is the revenue of Twin Cities Heart Foundation?
Twin Cities Heart Foundation's revenue in 2023 was $436,336.
Official website here: www.twincitiesheartfoundation.net
Who are the executives of Twin Cities Heart Foundation and what are their salaries?
There 8 volunteers at Twin Cities Heart Foundation.
Here are 8 key members and their salaries:
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Official website here: www.twincitiesheartfoundation.net
Where can I find the form 990 for Twin Cities Heart Foundation?
Twin Cities Heart Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.twincitiesheartfoundation.net
Learn more at the official website: www.twincitiesheartfoundation.net
Mission Statement of Twin Cities Heart Foundation
Twin Cities Heart Foundation is dedicated to advancing cardiac research. Their mission involves exploring ways to make remote patient communications and monitoring cost-effective and practical. This encompasses the evaluation of traditional and innovative uses of various audio, video, and data acquisition systems, such as telemedicine, videoconferencing, and other surveillance systems. Additionally, the foundation focuses on assessing the individual patient and public health impact of the side effects of various drugs and devices. Furthermore, Twin Cities Heart Foundation conducts cardiac research that leads to a better understanding of cardiac disease diagnosis, prevention, and treatment, particularly in the field of nonsurgical interventions and treatment of valvular heart disease.
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Impact
August, 2024
Twin Cities Heart Foundation's impact is centered around supporting and conducting cardiac research to advance our understanding of cardiovascular diseases. The foundation plays a key role in evaluating the effectiveness and practicality of remote communication and monitoring systems for patients, including telemedicine and other innovative technologies. By collaborating with medical institutions, such as the Minneapolis Heart Institute, the organization contributes to the non-surgical treatment of vascular diseases and evaluates the public health risks associated with medical devices and drugs. Through their research efforts, Twin Cities Heart Foundation aims to enhance cardiac disease diagnosis, prevention, and treatment, particularly focusing on non-surgical interventions and valvular heart disease.
This information is meant to be a general summary of Twin Cities Heart 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 2023.
- Investment Income: $22,850
- Gross Receipts: $959,656
Assets and Liabilities:
- Total Assets: $767,921
- Total Liabilities: $0
- Net Assets: $767,921
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Organization Details
Founding Year
2007
Principal Officer
Irvin F Goldenberg
NTEE Category
Code: H43 - Medical research
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