2016-08-15T07:05:05-05:00 2015-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2015-01-01 521783323 SAVE A CHILD'S HEART FOUNDATION - US INC SAVE 2402233940 PO BOX 59172 POTOMAC MD 20859 BARRY PERLIS PRESIDENT 2402233940 2016-08-15 1 3019519090 2015 2016-12-15 16:53:06Z BARRY PERLIS PO BOX 59172 POTOMAC MD 20859 2307815 0 X WWW.SAVEACHILDSHEARTUS.ORG X 1992 MD SEE PART III, LINE 1. 21 21 2 150 0 0 1904810 2162944 0 0 21655 4653 -112211 -337930 1814254 1829667 1170300 1142850 0 0 160386 182325 0 0 219498 358997 321105 1689683 1646280 124571 183387 713432 936463 10960 70679 702472 865784 X TO PROVIDE FUNDING FOR UNDERPRIVILEGED CHILDREN FROM DEVELOPING COUNTRIES WHO ARE IN NEED OF CARDIAC SURGERY. 0 0 430000 430000 SACH U.S. FUNDED THE BUILDING OF A NEW CHILDREN'S HOSPITAL THAT WILL ENABLE MORE CHILDREN TO RECEIVE SURGERY AND MORE DOCTORS TO BE TRAINED. 687850 687850 SACH U.S. FUNDED SURGERY FOR MORE THAN 70 CHILDREN. 25000 25000 SACH U.S. FUNDED TRAINING FOR ETHIOPIA'S FIRST PEDIATRIC CARDIAC SURGEON AND TRAINING FOR A PEDIATRIC CARDIOLOGIST. 166892 OTHER PROGRAMS 166892 1309742 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 2 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AZ CA CO CT FL IL MD MA MI NJ NY OH UT X X BARRY PERLIS 3012996181 PO BOX 59172 POTOMAC MD 20859 BARRY PERLIS PRESIDENT 5.00 X X 0 0 0 MARCY COHEN VICE PRESIDENT 0.50 X X 0 0 0 PHILIP GOLDMAN TREASURER 2.50 X X 0 0 0 MARC FEINBERG SECRETARY 0.50 X X 0 0 0 PENNIE ABRAMSON MEMBER 0.50 X 0 0 0 DAVID AVITAL MEMBER 0.50 X 0 0 0 FRANCES COOK MEMBER 0.50 X 0 0 0 THERESA DUPUIS MEMBER 0.50 X 0 0 0 BEN FEDER MEMBER 0.50 X 0 0 0 AMI GLOTTMANN MEMBER 0.50 X 0 0 0 BARBARA GOLDBERG-GOLDMAN MEMBER 0.50 X 0 0 0 MIKE GRAFF MEMBER 0.50 X 0 0 0 SHELDON GROSBERG MEMBER 0.50 X 0 0 0 JEFF HOFFMAN MEMBER 0.50 X 0 0 0 LESLEY ISRAEL MEMBER 0.50 X 0 0 0 ERICA KANE MEMBER 0.50 X 0 0 0 JOSEPH LUCOSKY MEMBER 0.50 X 0 0 0 ORI REISS MEMBER 0.50 X 0 0 0 JUDY SHORE MEMBER 0.50 X 0 0 0 DAVID VISE MEMBER 0.50 X 0 0 0 PETER WELLS MEMBER 0.50 X 0 0 0 DAVID LITWACK EXECUTIVE DIRECTOR 40.00 X 109750 0 24998 109750 0 24998 1 0 0 0 0 379358 1783586 7729 2162944 14262 14262 60004 69613 -9609 -9609 -9609 68790 379358 408535 -339745 -339745 MISCELLANEOUS 900099 1815 1815 1815 1829667 0 0 -333277 1142850 1142850 134748 64873 26951 42924 38692 19346 7739 11607 8885 3554 1777 3554 31093 31093 72000 36000 36000 40968 10242 30726 15064 2384 9612 3068 8388 4194 4194 7615 7615 27933 22346 5587 13412 3353 10059 5978 5978 DIRECT MAIL 47201 47201 EVENT EXPENSES 25272 25272 CREDIT CARD FEES 19088 19088 STATE REGISTRATIONS 4875 4875 2218 600 1600 18 1646280 1309742 117040 219498 28521 761 83867 369392 235097 246059 365947 320251 713432 936463 10960 70679 10960 70679 X 392166 555478 310306 310306 702472 865784 713432 936463 183387 -20075 0 X 0 1 X 1 0 X 967900 906000 1448133 1904810 2162944 7389787 967900 906000 1448133 1904810 2162944 7389787 1237963 6151824 17727 8112 69 19904 14262 60074 1736 1815 3551 7453412 0.82540 0.81860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 310306 310306 310306 310306 310306 310306 293753 24851 21702 30000 310306 429744 77121 -13142 200000 293753 1.00000 0 0 0 X 2218127 -20075 408535 388460 1829667 0 1829667 2054815 408535 408535 1646280 0 1646280 PART V, LINE 4: TO SUPPORT THE WOLFSON MEDICAL CENTER PEDIATRIC INDIGENT CARE PROGRAM. PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2015, THE FOUNDATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED AS EXPENSE ON THE 408,535. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8C. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED AS EXPENSE ON THE 408,535. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8C. 1 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 1142850 0 0 0 0 0 0 1142850 0 1142850 MIDDLE EAST AND NORTH AFRICA HEART SURGERY 687850 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA PHYSICIAN TRAINING 25000 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA CHILDREN'S HOSPITAL BUILDING 430000 WIRE TRANSFER 1 0 1 0 0 0 0 0 PART I, LINE 2: GRANT RECIPIENTS PROVIDE PERIODIC REPORTS ON HOW FUNDS WERE EXPENSED THROUGHOUT THE PROJECT. DC EVENT 202869 174744 28125 1740 40150 27500 145193 LA EVENT 224114 204114 20000 19138 58400 20000 57099 1 21165 500 20665 8456 5719 25140 448148 379358 68790 29334 104269 47500 227432 408535 -339745 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE EXECUTIVE DIRECTOR. A COPY OF THE FINAL RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND OFFICER MUST ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR EXECUTIVE COMMITTEE. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE BOARD OR EXECUTIVE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR EXECUTIVE COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR EXECUTIVE COMMITTEE DETERMINES WHETHER SACH U.S. CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR EXECUTIVE COMMITTEE DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN SACH U.S.' BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE SACH U.S. PRESIDENT REVIEWED COMPARABILITY DATA WHEN DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES. THE DELIBERATION AND DECISION OF THE REVIEW WAS DOCUMENTED IN THE GOVERNANCE COMMITTEE MEETING MINUTES. THE LAST REVIEW TOOK PLACE IN DECEMBER 2015. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.