Overview
What is Florida Heart Research Foundation Inc?
Florida Heart Research Foundation Inc, situated in Miami, Florida, is a nonprofit organization dedicated to funding cardiovascular research, education, and prevention. Established through the sale of the "Stop Heart Disease" specialty license plate, the Foundation receives a portion of the $25 fee from each plate sold or renewed. The funds are legislatively mandated to support cardiovascular research, education, and prevention initiatives within the state of Florida. The Foundation has provided grants to renowned institutions such as the Mayo Clinic Jacksonville, Florida International University, Florida Atlantic University, and Mt. Sinai Medical Center, contributing significantly to cardiovascular research and advancements.
Official website here: www.stopheartdisease.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star Rating)
The Florida Heart Research Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, highlighting its commitment to accountability and financial transparency. The overall score is entirely derived from its Accountability & Finance score, which stands at 91%. This reflects the organization’s strong governance practices and adherence to best financial practices, indicating a high level of trustworthiness.
The Foundation excels in several key areas, including having a fully independent board, which received full points for its structure. Additionally, it has robust financial oversight measures in place, with no reported diversion of assets and a comprehensive set of policies regarding conflicts of interest and whistleblower protections. The organization allocates a significant portion of its expenses—93.29%—to programs, demonstrating a commitment to its mission.
However, while the Foundation has a strong financial standing, its liabilities to assets ratio of 61.93% suggests a moderate level of financial leverage, which could be a concern to some stakeholders. Overall, the Florida Heart Research Foundation Inc’s strong rating reflects its effective use of resources and commitment to transparency, but potential donors may want to consider the implications of its financial leverage.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Heart Research Foundation Inc legitimate?
Florida Heart Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Heart Research Foundation 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.stopheartdisease.org
What is the mission statement of Florida Heart Research Foundation Inc?
The Florida Heart Research Foundation, established with funds from the sale of the Stop Heart Disease specialty license plate, is dedicated to funding cardiovascular research, education, and prevention. Legislation mandates that $25 from each plate sold or renewed is allocated to this purpose. The foundation has provided research grants to notable institutions such as the Mayo Clinic Jacksonville, Florida International University, Florida Atlantic University, and Mt. Sinai Medical Center, contributing to advancements in cardiovascular health. The Florida Heart Research Foundation's mission is to support and promote research efforts aimed at combating heart diseases and improving public understanding of these conditions.
Official website here: www.stopheartdisease.org
Who is the CEO of Florida Heart Research Foundation Inc?
Nancy R Cavalie is the Chairman of Florida Heart Research Foundation Inc.
Official website here: www.stopheartdisease.org
What is the revenue of Florida Heart Research Foundation Inc?
Florida Heart Research Foundation Inc's revenue in 2022 was $1,073,846.
Official website here: www.stopheartdisease.org
Who are the executives of Florida Heart Research Foundation Inc and what are their salaries?
There 8 volunteers at Florida Heart Research Foundation Inc.
Here are 9 key members and their salaries:
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- Related: $211,903
- Other: $23,665
Official website here: www.stopheartdisease.org
Where can I find the form 990 for Florida Heart Research Foundation Inc?
Florida Heart Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stopheartdisease.org
Learn more at the official website: www.stopheartdisease.org
Mission Statement of Florida Heart Research Foundation Inc
Florida Heart Research Foundation, established with the sale proceeds of the Stop Heart Disease specialty license plate, is committed to providing essential funding for cardiovascular research, education, and prevention. Legislation mandates that $25 from each plate sold or renewed is directed towards this mission, specifically focusing on supporting such initiatives within the state of Florida.
The Florida Heart Research Foundation's mission is to make significant strides in the field of cardiovascular research by providing grants. Some of the notable recipients of these grants include prestigious institutions such as the Mayo Clinic Jacksonville, Florida International University, Florida Atlantic University, and Mt. Sinai Medical Center. By providing these resources, the foundation aims to contribute to the advancement of knowledge and treatments related to heart diseases, ultimately aiming to improve the overall health and well-being of individuals across Florida.
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Impact
July, 2024
Florida Heart Research Foundation Inc has a significant impact on cardiovascular research, education, and prevention in the state of Florida. By providing much-needed funding for research grants to institutions such as Mayo Clinic Jacksonville, Florida International University, Florida Atlantic University, and Mt. Sinai Medical Center, the foundation plays a crucial role in advancing the field of cardiology. Through its mission to support cardiovascular research, education, and prevention, Florida Heart Research Foundation is actively working towards improving heart health and saving lives in the community.
This information is meant to be a general summary of Florida Heart Research Foundation 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 2022.
- Investment Income: $40
- Gross Receipts: $1,073,846
Assets and Liabilities:
- Total Assets: $1,068,910
- Total Liabilities: $662,080
- Net Assets: $406,830
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Organization Details
Founding Year
2003
Phone
(305) 674-3020Principal Officer
Nancy R Cavalie
Main Address
4770 BISCAYNE BLVD 500, MIAMI, FL, 33137
Website
www.stopheartdisease.orgNTEE Category
Code: H43 - Medical research
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