CALIFORNIA HEART CENTER FOUNDATION

EIN: 954772979 501(c)(3) Medical Research

BEVERLY HILLS, CA

Total Revenue
$2,858,458
Total Expenses
$2,777,378
Total Assets
$843,523
Net Assets
$781,073
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CA
Principal Officer
JON KOBASHIGAWA MD
Phone
3102488327
Tax Period
2024-01-01 to 2024-12-31

CALIFORNIA HEART CENTER FOUNDATION, founded in 2000, is a community nonprofit in the Medical Research sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

THE MISSION OF THE CALIFORNIA HEART CENTER FOUNDATION IS TO ADVANCE THE FIELD OF CARDIOVASCULAR MEDICINE THROUGH CLINICAL RESEARCH INITIATIVES AND EDUCATIONAL INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $2,503,870 Revenue: $743,330

THE MISSION OF THE CALIFORNIA HEART CENTER FOUNDATION IS TO ADVANCE THE FIELD OF CARDIOVASCULAR MEDICINE THROUGH CLINICAL RESEARCH INITIATIVES AND EDUCATIONAL INITIATIVES. EFFORTS INCLUDE THE PURSUIT...

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THE MISSION OF THE CALIFORNIA HEART CENTER FOUNDATION IS TO ADVANCE THE FIELD OF CARDIOVASCULAR MEDICINE THROUGH CLINICAL RESEARCH INITIATIVES AND EDUCATIONAL INITIATIVES. EFFORTS INCLUDE THE PURSUIT OF COLLABORATIVE RESEARCH PROJECTS WHICH PROMOTE A DEEPER UNDERSTANDING OF DISEASE PROGRESSION AND TEST THE EFFICACY OF NEW STRATEGIES FOR DIAGNOSIS AND TREATMENT. AREAS OF RESEARCH CURRENTLY BEING PURSUED INCLUDE NON-INVASIVE METHODS TO DETECT ORGAN REJECTION, NOVEL IMMUNOSUPPRESSIVE AGENTS, IMMUNE MONITORING STRATEGIES, LONG-TERM COMPLICATIONS SUCH AS CARDIAC ALLOGRAFT VASCULOPATHY, (CONTINUED ON SCHEDULE O)(CONTINUATION FROM FORM 990, PAGE 2)NOVEL METHODS FOR ORGAN PROCUREMENT AND PRESERVATION, NEW MECHANICAL CIRCULATORY SUPPORT DEVICES AND PULMONARY HYPERTENSION. THE ORGANIZATION ALSO SUPPORTS IMPORTANT SCIENTIFIC SYMPOSIA, WHICH ALLOW FOR THE EXCHANGE OF IDEAS AMONG LEADERS IN THE FIELD AND PROVIDE A FORUM FOR EXPERTS TO SHARE THEIR EXPERIENCE AND KNOWLEDGE WITH OTHER PRACTITIONERS. THE ORGANIZATION RESOURCES ARE ALSO LEVERAGED TO SUPPORT A SUMMER RESEARCH INTERNSHIP PROGRAM FOR UNDERGRADUATE STUDENTS WITH AN INTEREST IN MEDICINE AND/OR ACADEMIC RESEARCH. FOLLOWING IS A SUMMARY OF PROJECTS AND PROGRAMS IMPLEMENTED IN 2024: SCIENTIFIC FORUMS AND EDUCATIONAL ACTIVITIES:* "SUCCESS WITH FAILURE: AN ADVANCED HEART DISEASE SYMPOSIUM" FEBRUARY 9TH, 2024 (CULVER CITY)THIS 1-DAY SYMPOSIUM ON ADVANCED HEART DISEASE TOOK PLACE ON FRIDAY, FEBRUARY 9TH, 2024 AT THE HILTON CULVER CITY. THE SYMPOSIUM PROVIDED AN IN-DEPTH REVIEW OF DIAGNOSTICS, THERAPEUTIC OPTIONS AND NOVEL TREATMENTS IN ADVANCED HEART FAILURE, MECHANICAL CIRCULATORY SUPPORT AND TRANSPLANTATION. THE PROGRAM DREW 176 ATTENDEES CONSISTING OF PHYSICIANS, ALLIED HEALTH PROFESSIONALS, INCLUDING NURSE PRACTITIONERS, TRANSPLANT COORDINATORS, PHYSICIAN ASSISTANTS, RNS AND CASE MANAGERS FROM ACROSS CALIFORNIA.* "AST FORUM: FELLOWSHIP TASK FORCE" FEBRUARY 24TH, 2024 (ARIZONA)SPONSORED AND HOSTED BY THE AMERICAN SOCIETY OF TRANSPLANTATION, THE AST FELLOWSHIP TASK FORCE FORUM WAS DESIGNED TO PROVIDE A PLATFORM FOR AN IN-DEPTH DISCUSSION ON THE CULTIVATION AND DEVELOPMENT OF TRAINEES. TO INCLUDE KEY STAKEHOLDERS IN ALL SOLID ORGAN TRANSPLANTATION (HEART, LUNG, LIVER, KIDNEY), THE MEETING FACILITATED A REVIEW OF FACTORS IMPACTING TRAINEES AND IDENTIFIED POTENTIAL INTERVENTIONS TO FURTHER PROMOTE THE FIELD. THE HOPE IS THAT THIS CONFERENCE WILL BE A FIRST STEP IN DEVELOPING A "TOOL KIT" TO ADDRESS BARRIERS AND CONCERNS THAT MAY INHIBIT THE PURSUIT OF SPECIALIZATION IN TRANSPLANTATION THAT CAN BE LEVERAGED BY INDIVIDUALS, INSTITUTIONS, AND ALLIED TRANSPLANT COMMUNITY GROUPS. (PUBLICATION OF MEETING REPORT PENDING.)* "CONSENSUS CONFERENCE: PRIMARY GRAFT DYSFUNCTION" APRIL 9TH, 2024 (PRAGUE)SPONSORED JOINTLY BY THE INTERNATIONAL SOCIETY FOR HEART AND LUNG TRANSPLANTATION AND THE CALIFORNIA HEART CENTER/CEDARS-SINAI HEART INSTITUTE, THE 2024 CONSENSUS CONFERENCE ON PRIMARY GRAFT DYSFUNCTION WAS DESIGNED TO PROVIDE A FORUM FOR AN IN-DEPTH DISCUSSION AMONG THE LEADING EXPERTS IN THE FIELD, WITH A VIEW TO EVALUATING EVOLVING SCIENCE IN THIS AREA, AS PART OF AN UPDATE TO THE 2013 ISHLT CONSENSUS CONFERENCE ON PGD. THE HOPE IS THAT THIS CONFERENCE WILL PROVIDE A FORUM TO PROVIDE FURTHER GUIDANCE ON THE EFFICACY OF TREATMENT OPTIONS FOR PRIMARY GRAFT DYSFUNCTION, THE UTILITY OF RISK STRATIFICATION FOR PGD USING VARIOUS METHODOLOGIES, AND THE POTENTIAL OF REDUCING THE RISK OF PGD WITH THE ADVENT OF NEW TECHNOLOGIES FOR PROCUREMENT AND PRESERVATION OF DONOR HEARTS. (PUBLICATION OF CONSENSUS REPORT PENDING.)* "THOMAS D. GORDON VISITING PROFESSOR IN ADVANCED HEART DISEASE" OCTOBER 14TH-15TH, 2024. THIS ANNUAL VISITING PROFESSORSHIP HAS CONTINUED TO BE SPONSORED AND ORGANIZED BY DR. KOBASHIGAWA. THIS YEAR THE ORGANIZATION HAD THE HONOR OF HOSTING DR. ANDREAS ZUCKERMANN, INTERNATIONALLY RENOWNED CARDIOTHORACIC SURGEON AND DIRECTOR OF CARDIAC TRANSPLANTATION AT MEDICAL UNIVERSITY OF VIENNA. THIS VISIT, HELD OCTOBER 14TH-15TH, 2024 INCLUDED A GRAND ROUNDS LECTURE, ONE TO ONE FACULTY MEETINGS AND A FELLOWS' PROFESSIONAL DEVELOPMENT DISCUSSION. DR. ZUCKERMANN'S LECTURE ON "EX VIVO PERFUSION" WAS EXTREMELY WELL RECEIVED.* SUMMER RESEARCH INTERNSHIPS: UNDER THE SUPERVISION AND MENTORSHIP OF DR. JON KOBASHIGAWA, SUMMER HEART TRANSPLANT RESEARCH INTERNSHIPS HAVE BEEN OFFERED TO STUDENTS FOR THE SUMMER OF 2024. THESE INTERNSHIPS PROVIDE STUDENTS AT ALL LEVELS OF TRAINING AN OPPORTUNITY TO LEARN THE CLINICAL RESEARCH PROCESS, INCLUDING MEDICAL LITERATURE REVIEW, STUDY DESIGN, CHART REVIEW/DATA COLLECTION, DATA ANALYSIS, AND ABSTRACT DEVELOPMENT AND SUBMISSION. COMPLETED ABSTRACTS WERE SUBMITTED TO THE AMERICAN FEDERATION OF MEDICAL RESEARCH, A FORUM FOR JUNIOR INVESTIGATORS. THIS YEAR'S GROUP INCLUDES STUDENTS FROM:OHIO STATE UNIVERSITYPURDUE UNIVERSITYUNIVERSITY OF CALIFORNIA, BERKLEYUNIVERSITY OF CALIFORNIA, IRVINEUNIVERSITY OF CALIFORNIA, LOS ANGELESUNIVERSITY OF COLORADOUNIVERSITY OF SOUTHERN CALIFORNIA* HEART TRANSPLANT JOURNAL CLUBSJOURNAL CLUBS CONTINUE TO BE HELD IN A VIRTUAL FORMAT AND HAVE MAINTAINED STRONG PARTICIPATION, WITH AN AVERAGE ATTENDANCE OF 25 PEOPLE AT EACH SESSION. THE FOLLOWING SESSION(S) HAVE BEEN IMPLEMENTED OR SCHEDULED: MARCH 14TH, 2024 - 4:00PM - 5:00PM "DEVELOPMENT AND VALIDATION OF A RISK SCORE PREDICTING DEATH WITHOUT TRANSPLANT IN ADULT HEART TRANSPLANT CANDIDATES" PRESENTER: DR. ISABEL BALACHANDRAN CLINICAL RESEARCH:THIS SECTION IS FORMATTED BY CATEGORY; STUDY NAME; PRINCIPAL INVESTIGATOR (PI).

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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 $2,115,128
Program Service Revenue $743,330
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,858,458

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $2,156,580
Fundraising Expenses $0
Program Expenses $2,503,870
Other Expenses $615,798
TOTAL EXPENSES $2,777,378

Year-over-Year Comparison

2024 2023 Change
Revenue $2,858,458 $3,249,498 -0.1%
Expenses $2,777,378 $3,137,717 -0.1%
Net Income $81,080 $111,781 -0.3%
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
5
Independent Members
3
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
3
$301,517
Total Directors
5
$4,628,961
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON KOBASHIGAWA MD PRESIDENT 2.00
Officer Director
$0 $0 $0
MICHELE HAMILTON TREASURER 2.00
Officer Director
$0 $0 $0
THOMAS D GORDON DIRECTOR 1.00
Director
$0 $0 $84,000
EDUARDO MARBAN MD DIRECTOR 1.00
Director
$0 $397,688 $4,544,961
JAIME MORIGUCHI MD DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE SUMBI SECRETARY 40.00
Officer
$0 $37,095 $301,517
SHRUTI SHANTHARAM DIRECTOR, RESEARCH OPERATIONS 40.00
Highest
$0 $13,967 $206,434
ADAM DANIELS RESEARCH NURSE PRACTITIONER 40.00
Highest
$0 $13,892 $186,537
VENISE STRAND PROGRAM MANAGER 40.00
Highest
$0 $42,955 $179,671
PHYLLIS KATZ EXECUTIVE ASSISTANT 40.00
Highest
$0 $21,563 $146,420
SAVANNAH MERSOLA RESEARCH SPECIALIST 40.00
Highest
$0 $17,119 $136,167
IRINA COZIANU FORMER HIGHEST COMPENSATED 40.00
$0 $35,793 $164,286
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 $2,858,458 $2,777,378 $843,523 $81,080
2023 $3,249,498 $3,137,717 $984,084 $111,781
2022 $3,147,736 $2,703,124 $932,998 $444,612
2021 $2,339,513 $2,138,902 $372,009 $200,611
2020 $2,474,527 $2,376,586 $198,494 $97,941
2019 $2,210,596 $2,201,327 $79,180 $9,269
2018 $1,829,238 $1,890,283 $43,775 $-61,045
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