Simple Heart Initiative

EIN: 882248389 501(c)(3) Animal-Related

Santa Cruz, CA

Total Revenue
$263,489
Total Expenses
$276,256
Total Assets
$362,341
Net Assets
$362,341
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CA
Principal Officer
Wayne Hsiung
Phone
5106800101
Tax Period
2024-01-01 to 2024-12-31

Simple Heart Initiative, founded in 2022, is a small nonprofit in the Animal-Related sector that reported $263K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring.

Mission

educate the public re: environmentalism and animal cruelty.

Program Service Accomplishments

Program 1
Expenses: $157,900 Revenue: $0

Legal Education and Advocacy: The Simple Heart Initiative provided representation or support for activists in numerous high impact legal matters including communications consulting and support direct...

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Legal Education and Advocacy: The Simple Heart Initiative provided representation or support for activists in numerous high impact legal matters including communications consulting and support direct trial advocacy and jury consulting. Representative cases include animal cruelty cases at factory farms experimentation facilities and involving animal sanctuaries.

Program 2
Expenses: $80,148 Revenue: $0

Communications: The Simple Heart Initiative produced or assisted in the production of narrative content - both video and written - that cumulatively received tens of millions of views. Over 50 videos...

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Communications: The Simple Heart Initiative produced or assisted in the production of narrative content - both video and written - that cumulatively received tens of millions of views. Over 50 videos and written pieces were created and published on various platforms. This content focused on educating the public about animal cruelty in various industries.

Program 3
Expenses: $31,213 Revenue: $0

Training: The Simple Heart trained over 150 people in its all-day investigative training and also provided follow-up support for advocates with particular interest in learning about approaches to...

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Training: The Simple Heart trained over 150 people in its all-day investigative training and also provided follow-up support for advocates with particular interest in learning about approaches to addressing animal cruelty. The majority of this work is done by volunteers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $263,489
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $263,489

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,750
Fundraising Expenses $0
Program Expenses $269,261
Other Expenses $251,506
TOTAL EXPENSES $276,256

Year-over-Year Comparison

2024 2023 Change
Revenue $263,489 $585,434 -0.5%
Expenses $276,256 $317,766 -0.1%
Net Income $-12,767 $267,668 -1.0%
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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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
10

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wayne Hsiung President 10.00
Officer Director
$0 $0 $0
Almira Tanner Director 1.00
Director
$0 $0 $0
Jonathan Frohnmayer Director 1.00
Director
$0 $0 $0
Dean Wyrzykowski Treasurer 15.00
Officer Director
$0 $0 $0
Priya Sawhney Secretary 1.00
Officer 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 $263,489 $276,256 $362,341 $-12,767
2023 $585,434 $317,766 $375,108 $267,668
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