MIAMI HEART RESEARCH INSTITUTE INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
MIAMI HEART RESEARCH INSTITUTE INC (EIN 59-0674260)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-07-26
IRS object ID
201612089349301256
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-07-26T14:43:49-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560574444PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHERRY BEKAERT LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11111 Metropolitan Ave Ste 1000AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN590674260EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Miami Heart Research Institute IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMIAMBusinessNameControlTxt
Phone3056743020PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14770 Biscayne Blvd No 500AddressLine1Txt
CityMiamiCityNm
State AbbreviationFLStateAbbreviationCd
ZIP331373225ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNancy CavaliePersonNm
Person TitleExecutive DirectorPersonTitleTxt
Phone3056743020PhoneNum
Signature2016-07-25SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJanice A RaticaPreparerPersonNm
PTINP00358837PTIN
Phone7043771678PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerNancy CavaliePrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14770 Biscayne Blvd No 500AddressLine1Txt
CityMiamiCityNm
State AbbreviationFLStateAbbreviationCd
ZIP331373225ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$18,376,115GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.floridaheart.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1944FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTO STOP HEART DISEASE THROUGH RESEARCH, EDUCATION, AND PREVENTION.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee9TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$384,520PYContributionsGrantsAmt
CY Contributions Grants$360,117CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,075,014PYInvestmentIncomeAmt
CY Investment Income$1,362,384CYInvestmentIncomeAmt
PY Other Revenue$27,141PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,486,675PYTotalRevenueAmt
CY Total Revenue$1,722,501CYTotalRevenueAmt
PY Grants And Similar Paid$393,726PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$291,860CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$823,356PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$299,445CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$225,341CYTotalFundraisingExpenseAmt
PY Other Expenses$747,977PYOtherExpensesAmt
CY Other Expenses$782,087CYOtherExpensesAmt
PY Total Expenses$1,965,059PYTotalExpensesAmt
CY Total Expenses$1,373,392CYTotalExpensesAmt
PY Revenues Less Expenses$521,616PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$349,109CYRevenuesLessExpensesAmt
Total Assets BOY$51,931,553TotalAssetsBOYAmt
Total Assets EOY$50,580,797TotalAssetsEOYAmt
Total Liabilities BOY$111,286TotalLiabilitiesBOYAmt
Total Liabilities EOY$244,995TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$51,820,267NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$50,335,802NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionMiami Heart Research Institute is an independent, not-for-profit 501(c)(3) organization with the mission to stop heart disease through research, education and prevention.Miami Heart Research Institute's novel approach to collaborative research on the national level serves as a critical impetus to the introduction and development of innovative research efforts. This unique approach has proven highly effective in directing critical resources to open new and vital areas of scientific exploration.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$383,237ExpenseAmt
Grant$276,860GrantAmt
DescCardiovascular Research: The Miami Heart Research Institute is well positioned for a long and productive future in cardiovascular research, education and prevention by combining our unique resources with those of other established centers. Whether in partnership with another research center of excellence nationally or another community service organization locally, we believe that we are stronger as a team than we each are individually. Working collaboratively with other organizations allows each entity to participate fully where their individual strengths lie.Our independence allows us to pursue research, education and prevention programs based solely upon scientific merit and pursuit of our mission. Miami Heart Research Institute's programs and alliances are NOT influenced by political agendas or projected profits. Unlike affiliated research facilities, this freedom permits us to focus on projects and research partners that demonstrate the most promise for advancement in the field.Partnerships are selected based upon their world-class expertise, credentials and their ability to contribute to the project. These cooperative relationships allow MHRI to "fast track" the project bypassing the usual bureaucracy endured by larger institutions.Research projects are selected based upon their scientific validity and their contribution to the advancement of our understanding of the prevention, diagnosis, treatment of heart disease and the disease process. Projects where there has not yet been sufficient interest, knowledge or support are preferred which gives MHRI a cutting edge niche as an innovator and leader.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$122,200ExpenseAmt
Grant$15,000GrantAmt
DescEDUCATION AND PREVENTION: EDUCATION AND PREVENTION PROJECTS ARE PURSUED THAT IMPROVE PUBLIC HEALTH, REDUCE HEALTH DISPARITIES AND / OR INCREASE ACCESS TO CARE IN MEASURABLE AND MEANINGFUL WAYS.AT THE MIAMI HEART RESEARCH INSTITUTE, WE BELIEVE THAT THROUGH BASIC AND CLINICAL RESEARCH COMBINED WITH EDUCATION ABOUT THE CAUSES, RISK FACTORS AND LIFESTYLE OPTIONS, HEART DISEASE CAN BE STOPPED. RESEARCH DISCOVERIES BENEFIT ALL HUMANITY AND EDUCATION PROMOTES INFORMED CHOICES THEREBY IMPROVING OUTCOMES AND QUALITY OF LIFE. RESEARCH IS IMPERATIVE FOR OUR FUTURE HEALTH WHILE EDUCATION AND PREVENTION ARE KEY TO HEALTH TODAY.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$505,437TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document34IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee9EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Nancy R Cavalie Executive DirectorBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3056743020PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14770 Biscayne Blvd suite 500AddressLine1Txt
CityMiamiCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33137ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
Eugene Sayfie MD
Board of Trustees member1.00Yes (X)$0$0$0
Eric Hecht MD
Board of Trustees member1.00Yes (X)$0$0$0
Richard M Krasno PhD
Board of Trustees member1.00Yes (X)$0$0$0
Ronald Scheib MD
Board of Trustees member1.00Yes (X)$0$0$0
Ambassador Charles E Cobb
Board of Trustees member1.00Yes (X)$0$0$0
RICHARD A ELIAS MD
Chairman, Board of Trustee1.00Yes (X)$0$0$0Yes (X)
Joe Ann Batcheller
Vice Chair, BOARD OF TRUSTEE1.00Yes (X)$0$0$0Yes (X)
Nancy R Cavalie
Executive Director/Asst. Secretary40.00$105,006$0$16,886Yes (X)1.00
FieldValueIRS element (for citing)
Total Reportable Comp From Org$105,006TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$16,886TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Northern Trust
600 Brickell Avenue 23rd FloormiamiFL33131Investment Management$224,531
Foundation Consultants Corporation
2085 Mount Olympus DriveLos AngelesCA90046Consulting Services$175,400
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Related Organizations$227,619RelatedOrganizationsAmt
All Other Contributions$132,498AllOtherContributionsAmt
Total Contributions$360,117TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,386,998TotalRevenueColumnAmt
Exclusion$1,386,998ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$16,622,000SecuritiesAmt
Other$7,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$16,637,482SecuritiesAmt
Other$16,132OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$15,482SecuritiesAmt
Other-$9,132OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$24,614TotalRevenueColumnAmt
Exclusion-$24,614ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,722,501TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,362,384ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$291,860TotalAmt
Program Services$291,860ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$121,892TotalAmt
Program Services$39,655ProgramServicesAmt
Management And General$70,163ManagementAndGeneralAmt
Fundraising$12,074FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$132,995TotalAmt
Program Services$42,281ProgramServicesAmt
Management And General$77,036ManagementAndGeneralAmt
Fundraising$13,678FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,263TotalAmt
Program Services$1,231ProgramServicesAmt
Management And General$2,840ManagementAndGeneralAmt
Fundraising$192FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$21,670TotalAmt
Program Services$8,408ProgramServicesAmt
Management And General$11,429ManagementAndGeneralAmt
Fundraising$1,833FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$18,625TotalAmt
Program Services$6,385ProgramServicesAmt
Management And General$10,357ManagementAndGeneralAmt
Fundraising$1,883FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$26,150TotalAmt
Management And General$26,150ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$303,487TotalAmt
Management And General$303,487ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$241,211TotalAmt
Program Services$23,423ProgramServicesAmt
Management And General$39,221ManagementAndGeneralAmt
Fundraising$178,567FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,275TotalAmt
Management And General$5,275ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$21,276TotalAmt
Program Services$7,422ProgramServicesAmt
Management And General$12,244ManagementAndGeneralAmt
Fundraising$1,610FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$2,115TotalAmt
Program Services$496ProgramServicesAmt
Management And General$1,573ManagementAndGeneralAmt
Fundraising$46FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$103,507TotalAmt
Program Services$43,685ProgramServicesAmt
Management And General$50,714ManagementAndGeneralAmt
Fundraising$9,108FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,095TotalAmt
Program Services$1,095ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$37,292TotalAmt
Program Services$23,901ProgramServicesAmt
Management And General$7,413ManagementAndGeneralAmt
Fundraising$5,978FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$35,131TotalAmt
Program Services$14,659ProgramServicesAmt
Management And General$20,472ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescOtherDesc
Total$5,548TotalAmt
Program Services$936ProgramServicesAmt
Management And General$4,240ManagementAndGeneralAmt
Fundraising$372FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,373,392TotalAmt
Program Services$505,437ProgramServicesAmt
Management And General$642,614ManagementAndGeneralAmt
Fundraising$225,341FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$200BOYAmt
EOY$200EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,674,051BOYAmt
EOY$9,091,373EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$5,042EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$34,396BOYAmt
EOY$105,759EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$120,557LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$100,408LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$73,306BOYAmt
EOY$20,149EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$49,097,205BOYAmt
EOY$41,358,274EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$52,395BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$51,931,553BOYAmt
EOY$50,580,797EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$96,286BOYAmt
EOY$36,021EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$15,000BOYAmt
EOY$208,974EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$111,286BOYAmt
EOY$244,995EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$51,820,267BOYAmt
EOY$50,335,802EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$51,820,267BOYAmt
EOY$50,335,802EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$51,931,553BOYAmt
EOY$50,580,797EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$349,109ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$1,833,574NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$675,272CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$706,867CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$583,520CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$384,520CurrentTaxYearMinus1YearAmt
Current Tax Year$360,117CurrentTaxYearAmt
Total$2,710,296TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$675,272CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$706,867CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$583,520CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$384,520CurrentTaxYearMinus1YearAmt
Current Tax Year$360,117CurrentTaxYearAmt
Total$2,710,296TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$2,710,296PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,069,734CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$872,417CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$877,183CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$991,361CurrentTaxYearMinus1YearAmt
Current Tax Year$1,386,998CurrentTaxYearAmt
Total$5,197,693TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34,440CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$31,375CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,475CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$74,651CurrentTaxYearMinus1YearAmt
Total$169,941TotalAmt
FieldValueIRS element (for citing)
Total Support$8,077,930TotalSupportAmt
Gross Receipts Rltd Activities$510,566GrossReceiptsRltdActivitiesAmt
Public Support CY1700.33550PublicSupportCY170Pct
Public Support PY1700.40530PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,373,392FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,373,392FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$212,339FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$53,085FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$305,036CurrentYearMinus3Amt
Current Year Minus2$309,566CurrentYearMinus2Amt
Current Year Minus1$248,253CurrentYearMinus1Amt
Current Year$212,339CurrentYearAmt
Total$1,075,194TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$1,612,791LobbyingCeilingAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus1$62,063CurrentYearMinus1Amt
Current Year$53,085CurrentYearAmt
Total$115,148TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$172,722GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$40,448OtherCostOrOtherBasisAmt
Depreciation$40,448DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$80,109OtherCostOrOtherBasisAmt
Depreciation$59,960DepreciationAmt
Book Value$20,149BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$20,149TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationThe Institute and the Foundation have received determination letters indicating that they meet the definition of a not-for-profit corporation as defined in Section 501 (c)(3) of the Internal Revenue Code (the Code") and they are exempt from federal income taxes under Section 501(a) of the Code. Accordingly, no provision for federal and state income taxes is reflected in the accompanying consolidated financial statements of the Institute.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Mayo Foundation
200 First ST SWRochesterMN55905411506440501(c)(3)$50,000Research
MIAMI DADE SCHOOL OF NURSING
950 NW 20 STREETMIAMIFL33127591210485115$15,000CARDIAC NURSING
UNIVERSITY OF MIAMI
1320 S DIXIE HWYCORAL GABLESFL33124590624458115$25,000RESEARCHER OF THE YEAR AWARD
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationThe Miami Heart Research Institute is an active participant in every research study and every education and prevention program or service we provide. All grants are the result of collaborative relationships and projects. By combining our unique resources with those of other established centers we believe that we are stronger as a team than we are individually. Working collaboratively with other organizations allows each entity to participate fully where their individual strengths lie. Since the organization participates in all projects involving program awards, we continually monitor the projects progress and can make strategic adjustments if necessary. Grant recipients are reviewed by the board.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11A copy of the Form 990 will be provided to the board of trustees prior to filing.
Form 990, Part VI, Section B, line 12cTHE BOARD OF TRUSTEES AND ALL EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AND REVIEW IT ANNUALLY. IN THE EVENT A POTENTIAL CONFLICT IS DISCLOSED THEN THE BOARD WILL ADVISE THE INDIVIDUAL OF WHETHER OR NOT IT RECOMMENDS THAT HE/SHE ABSTAIN FROM COMMENT, PARTICIPATION IN OR ATTENDANCE DURING DISCUSSION OF THE ISSUE, VOTING, OR ANY COMBINATION OF THEM. RELEVANT INFORMATION WILL BE NOTED IN THE BOARD MINUTES AS APPLICABLE.
Form 990, Part VI, Section B, line 15The Executive Director's compensation is determined and reviewed by the Independent Executive Committee of the Board of Trustees. The committee bases compensation on performance, job duties, and utilizes market comparisons of similar positions to determine whether compensation is reasonable and competitive. The approved compensation package is noted in the organization's board minutes. All other managers and employees are reviewed on an annual basis based on job performance, job description, and the employee's attainment of previously set objectives and goals.
Form 990, Part VI, Section C, line 19The organization's audited financial statements and Form 990 can be found on the organization's website. The Form 990 can also be obtained by making a written request to Administration. Governing documents and the conflict of interest policy are available to be reviewed during normal business hours by making a written request to Administration.
Form 990, Part IX, line 11gProfessional Fees: Program service expenses 23,423. Management and general expenses 39,221. Fundraising expenses 178,567. Total expenses 241,211.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Florida Heart Research Foundation IncBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14770 Biscayne Blvd Suite 500AddressLine1Txt
CityMiamiCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33137ZIPCd
FieldValueIRS element (for citing)
EIN510474502EIN
Primary ActivitiesResearch, Education, PreventionPrimaryActivitiesTxt
Legal Domicile StateFLLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity StatusLine 7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1Miami Heart Research Institute IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
Florida Heart Research Foundation Inc
C$227,619FMV
Florida Heart Research Foundation Inc
L$56,903FMV

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