CARDIOVASCULAR RESEARCH FOUNDATION OF SOUTHERN CALIFORNIA

EIN: 204100028 501(c)(3) Philanthropy & Grantmaking

BEVERLY HILLS, CA

Total Revenue
$1,128,185
Total Expenses
$592,933
Total Assets
$3,019,930
Net Assets
$3,018,037
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CA
Principal Officer
RONALD KARLSBERG MD
Phone
3109235189
Tax Period
2023-01-01 to 2023-12-31

CARDIOVASCULAR RESEARCH FOUNDATION OF SOUTHERN CALIFORNIA, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $535K, a strong 47% operating margin.

Mission

TO IMPROVE THE PROGNOSIS AND QUALITY OF LIFE OF PATIENTS WITH CARDIOVASCULAR DISEASE.

Program Service Accomplishments

Program 1
Expenses: $461,758 Revenue: $236,143

TO FUND, SUPPORT AND CONDUCT RESEARCH THAT POTENTIALLY COULD BE A "GAME CHANGER" IN THE DIAGNOSIS AND TREATMENT OF CARDIOVASCULAR DISEASE.

Program 2

TO EDUCATE PATIENTS AND CONTRIBUTORS ABOUT:* THE FOUNDATION'S PURSUIT OF NEW CLINICAL SOLUTIONS* WHAT IS HAPPENING IN CARDIOVASCULAR RESEARCH AND TECHNOLOGY* WHAT THEY CAN DO TO PROTECT AND IMPROVE...

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TO EDUCATE PATIENTS AND CONTRIBUTORS ABOUT:* THE FOUNDATION'S PURSUIT OF NEW CLINICAL SOLUTIONS* WHAT IS HAPPENING IN CARDIOVASCULAR RESEARCH AND TECHNOLOGY* WHAT THEY CAN DO TO PROTECT AND IMPROVE THEIR OWN CARDIOVASCULAR HEALTH

Program 3

TO RAISE AWARENESS OF THE LATEST TECHNIQUES AND THERAPIES IN THE DIAGNOSIS AND TREATMENT OF CARDIOVASCULAR DISEASE BOTH IN THE MEDICAL COMMUNITY AND THE GENERAL PUBLIC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $788,365
Program Service Revenue $236,143
Investment Income $103,677
Other Revenue $0
TOTAL REVENUE $1,128,185

Expense Breakdown

Grants Paid $35,500
Salaries & Benefits $354,543
Fundraising Expenses $57,386
Program Expenses $461,758
Other Expenses $202,890
TOTAL EXPENSES $592,933

Year-over-Year Comparison

2023 2022 Change
Revenue $1,128,185 $559,378 +1.0%
Expenses $592,933 $612,478 0.0%
Net Income $535,252 $-53,100 -11.1%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
16
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$144,250
Total Directors
20
$144,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD P KARLSBERG MD CEO/PRESIDENT 10.00
Officer Director
$50,000 $0 $50,000
ELI GANG MD VICE PRESIDENT 5.00
Officer Director
$30,000 $0 $30,000
GARY HAMPAR CFO/TREASURER 1.00
Officer Director
$4,750 $0 $4,750
PEGGY C FRANK SECRETARY/EXECUTIVE DIRECT 10.00
Officer Director
$59,500 $0 $59,500
BAHADOR MAHBOUBI DIRECTOR 0.00
Director
$0 $0 $0
BEVERLY COHEN DIRECTOR 0.00
Director
$0 $0 $0
BRYAN LEWITT DIRECTOR 0.00
Director
$0 $0 $0
CARLOS QUESADA MD DIRECTOR 0.00
Director
$0 $0 $0
CONSTANCE TOWERS GAVIN DIRECTOR 0.00
Director
$0 $0 $0
DAN STERN DIRECTOR 0.00
Director
$0 $0 $0
DARYOUSH MAHBOUBI-FARDI DIRECTOR 0.00
Director
$0 $0 $0
D GREGORY SCOTT DIRECTOR 0.00
Director
$0 $0 $0
EDDIE KANDELA DIRECTOR 0.00
Director
$0 $0 $0
LARRY GOLD DIRECTOR 0.00
Director
$0 $0 $0
MARTIN WOLFF DIRECTOR 0.00
Director
$0 $0 $0
MAURICE LEWITT DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL WEINPER DIRECTOR 0.00
Director
$0 $0 $0
MOE NOZARI DIRECTOR 0.00
Director
$0 $0 $0
PETER RICH DIRECTOR 0.00
Director
$0 $0 $0
TERESA Y FREEBORN DIRECTOR 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,128,185 $592,933 $3,019,930 $535,252
2022 $559,378 $612,478 $2,375,503 $-53,100
2021 $1,248,951 $501,191 $2,440,050 $747,760
2020 $386,402 $347,220 $1,690,053 $39,182
2019 $262,903 $365,072 $1,649,077 $-102,169
2018 $1,389,213 $341,996 $1,729,164 $1,047,217
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