SARNOFF CARDIOVASCULAR RESEARCH FOUNDATION INC

EIN: 521254078 501(c)(3) Diseases & Disorders

MCLEAN, VA

Total Revenue
$4,410,906
Total Expenses
$2,771,048
Total Assets
$55,119,072
Net Assets
$53,500,861
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MD
Principal Officer
DANA QUINN BOYD
Phone
7035177451
Tax Period
2024-07-01 to 2025-06-30

SARNOFF CARDIOVASCULAR RESEARCH FOUNDATION INC, founded in 1981, is a community nonprofit in the Diseases & Disorders sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 37% operating margin.

Mission

THE SARNOFF CARDIOVASCULAR RESEARCH FOUNDATION IS DEDICATED TO CULTIVATING THE NEXT GENERATION OF PHYSICIAN-LEADERS IN CARDIOVASCULAR MEDICINE BY FUNDING AND SUPPORTING MEDICAL STUDENTS AND PHYSICIANS ENGAGED IN TRANSFORMATIVE RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $2,111,899

FELLOWSHIPS AND SCHOLARSHIPS - THE FELLOWSHIP PROGRAM AWARDS ANNUAL FELLOWSHIPS TO MEDICAL STUDENTS ENROLLED IN ANY ACCREDITED MEDICAL SCHOOL IN THE UNITED STATES OF AMERICA (USA) WHO HAVE...

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FELLOWSHIPS AND SCHOLARSHIPS - THE FELLOWSHIP PROGRAM AWARDS ANNUAL FELLOWSHIPS TO MEDICAL STUDENTS ENROLLED IN ANY ACCREDITED MEDICAL SCHOOL IN THE UNITED STATES OF AMERICA (USA) WHO HAVE DEMONSTRATED INTELLECTUAL AND ACADEMIC ACHIEVEMENT AND LEADERSHIP ABILITY. FELLOWS CONDUCT TWELVE CONSECUTIVE MONTHS OF CARDIOVASCULAR RESEARCH AT A BIOMEDICAL INSTITUTION LOCATED WITHIN USA.THE SARNOFF SCHOLAR AWARD IS A COMPETITIVE AWARD DESIGNED TO SUPPORT JUNIOR FACULTY FOR TWO CONTINUOUS YEARS AT THE JUNIOR FACULTY LEVEL (INSTRUCTOR OR ASSISTANT PROFESSOR). THE AWARD IS FOR FORMER SARNOFF FELLOWS WHO ARE COMMITTED TO PURSUING A CAREER IN CARDIOVASCULAR RESEARCH. APPLICANTS MAY APPLY DURING THE LAST YEAR OF SUBSPECIALTY FELLOWSHIP. THE SCHOLAR AWARD WILL BE CONTINGENT UPON THE APPOINTMENT TO A JUNIOR FACULTY (INSTRUCTOR OR ASSISTANT PROFESSOR) POSITION AND CLEAR EVIDENCE OF A STRONG INSTITUTIONAL COMMITMENT.

Program 2
Expenses: $272,888

ANNUAL SCIENTIFIC MEETING - THE FOUNDATION HOLDS AN ANNUAL SCIENTIFIC MEETING WITH ITS CURRENT AND FORMER FELLOWS AND SCHOLARS EACH SPRING. THE MEETING GIVES A FORUM FOR THE FELLOWS AND SCHOLARS...

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ANNUAL SCIENTIFIC MEETING - THE FOUNDATION HOLDS AN ANNUAL SCIENTIFIC MEETING WITH ITS CURRENT AND FORMER FELLOWS AND SCHOLARS EACH SPRING. THE MEETING GIVES A FORUM FOR THE FELLOWS AND SCHOLARS (INCLUDING FORMER FELLOWS AND SCHOLARS) TO PRESENT THEIR RESEARCH TO THE FOUNDATION'S VOLUNTEERS, PRECEPTORS, SPONSORS AND PROMINENT SCIENTIST WHO SERVE IN THE FOUNDATION'S COMMITTEES. THE MEETING ALSO PROVIDES MENTORING SESSIONS AND COLLABORATIONS WITH FORMER MEMBERS AND COLLEAGUES. FELLOWS AND SCHOLARS ARE ALSO GIVEN GUIDANCE ON THEIR CAREER AND RESEARCH DIRECTIONS DURING THE MEETING.

Program 3
Expenses: $45,749

BOARD STEWARDSHIP - THE BOARD OF DIRECTORS (BOARD) IS THE GOVERNING BODY OF THE FOUNDATION. THE BOARD'S MEMBERSHIP IS CONTROLLED BY THE PUBLICLY SUPPORTED ORGANIZATIONS THROUGH THE NOMINATIONS...

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BOARD STEWARDSHIP - THE BOARD OF DIRECTORS (BOARD) IS THE GOVERNING BODY OF THE FOUNDATION. THE BOARD'S MEMBERSHIP IS CONTROLLED BY THE PUBLICLY SUPPORTED ORGANIZATIONS THROUGH THE NOMINATIONS PROCESS. THE BOARD TYPICALLY CONVENES AT LEAST TWICE ANNUALLY IN PERSON AND ALSO CONDUCTS FREQUENT VIRTUAL MEETINGS IN ORDER TO CONDUCT THE BUSINESS OF THE FOUNDATION. THE BOARD HAS SEVERAL STANDING AND OTHER COMMITTEES THAT ASSIST IN THE WORK AND GOVERNANCE OF THE FOUNDATION. IT ALSO SETS THE STRATEGIC DIRECTION OF THE FOUNDATION.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $389,730
Program Service Revenue $0
Investment Income $4,013,670
Other Revenue $7,506
TOTAL REVENUE $4,410,906

Expense Breakdown

Grants Paid $1,966,222
Salaries & Benefits $324,878
Fundraising Expenses $15,658
Program Expenses $2,458,254
Other Expenses $479,948
TOTAL EXPENSES $2,771,048

Year-over-Year Comparison

2024 2023 Change
Revenue $4,410,906 $2,607,696 +0.7%
Expenses $2,771,048 $1,524,372 +0.8%
Net Income $1,639,858 $1,083,324 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
2
Volunteers
50

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
7
$248,788
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS MICHEL MD PHD PRESIDENT, CHAIR OF BOARD 1.00
Officer Director
$0 $0 $0
JOSEPH HILL MD PHD IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
RONGLIH LIAO PHD VICE CHAIR 1.00
Officer Director
$0 $0 $0
ALAN DAUGHERTY PHD VICE CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
CHARLES HONG MD PHD SECRETARY 1.00
Officer Director
$0 $0 $0
CHARLES LOWENSTEIN MD TREASURER 2.00
Officer Director
$0 $0 $0
SHARLENE DAY MD BOARD MEMBER 1.00
Director
$0 $0 $0
VIRGINIA HAHN MD BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER HO MD BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA KONTARIDIS PHD BOARD MEMBER 1.00
Director
$0 $0 $0
CHIADI NDUMELE MD BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW PLUMP MD PHD BOARD MEMBER 1.00
Director
$0 $0 $0
JORGE PLUTZKY MD BOARD MEMBER 1.00
Director
$0 $0 $0
SVATI SHAH MD BOARD MEMBER 1.00
Director
$0 $0 $0
DANA QUINN BOYD EXECUTIVE DIRECTOR 30.00
Officer
$215,433 $33,355 $248,788
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
2025 $4,410,906 $2,771,048 $55,119,072 $1,639,858
2024 $2,607,696 $1,524,372 $50,874,754 $1,083,324
2023 $2,025,286 $1,550,690 $46,760,826 $474,596
2022 $-471,296 $1,634,694 $44,192,037 $-2,105,990
2021 $3,393,739 $838,149 $51,786,432 $2,555,590
2021 $3,393,739 $1,290,149 $51,786,432 $2,103,590
2020 $1,967,125 $1,046,972 $40,396,973 $920,153
2019 $2,865,337 $1,309,908 $39,522,640 $1,555,429
2018 $1,476,999 $1,034,995 $38,042,594 $442,004
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