Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
EIN 20-1319658 • 501(c)3 • Louisville, KY
Profile
The mission of the Cardiovascular Innovation Institute is to improve lives through world-class cardiovascular research, scientific discovery and new enterprise creation.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
35th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
63rd percentile
Higher net margin than 63% of similar nonprofits.
Top Officer Pay
55th percentile
Higher top officer pay than 55% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
72nd percentile
Faster revenue growth than 72% of similar nonprofits.
Assets
Down$0
Down $22,012 (-100%) from 2018
Liabilities
Down$0
Down $618,505 (-100%) from 2018
Net Assets
Up$0
Up $596,493 (+100%) from 2018
Revenue
Up$857,544
Up $184,688 (+27%) from 2018
Expenses
Down$759,801
Down $73,949 (-8.9%) from 2018
Net Income
Up$97,743
Up $258,637 (+161%) from 2018
Most recent year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.
The mission of the Cardiovascular Innovation Institute is to improve lives through world-class cardiovascular research, scientific discovery and new enterprise creation.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $22,012 | $0 | ▼ $22,012 |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Loans From Officers Directors | - | $0 | - |
| Total Assets | $22,012 | $0 | ▼ $22,012 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $583,855 | $0 | ▼ $583,855 |
| Accounts Payable and Accrued Expenses | $34,650 | $0 | ▼ $34,650 |
| Total Liabilities | $618,505 | $0 | ▼ $618,505 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $-596,493 | $0 | ▲ $596,493 |
| Total Net Assets Fund Balance | $-596,493 | $0 | ▲ $596,493 |
| Total Liabilities and Net Assets / Fund Balance | $22,012 | $0 | ▼ $22,012 |
| Name | Title |
|---|---|
| - | Chair (to 11/13/2018) |
| - | Vice Chair |
| - | Director |
| - | Medical and Exec. Director |
| - | Scientific Director (to 12/31/18) |
| Line Item | Amount |
|---|---|
| Other Expenses | $759,801 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $391,675 | $185,243 | $0 | $576,918 |
| Information Technology | - | $49,071 | - | $49,071 |
| Office Expenses | - | $17,027 | - | $17,027 |
| Fees for Services Accounting | - | $7,037 | - | $7,037 |
| Other Expenses | $2,075 | $1,473 | - | $3,548 |
| Occupancy | $111 | $71 | - | $182 |
| Total Functional Expenses | $499,879 | $259,922 | $0 | $759,801 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
“The organization had two original members consisting of the University of Louisville and Jewish Hospital & St. Mary's Healthcare, Inc (JHSMH). In December 2012, as part of its merger with KentuckyOne Healthcare, JHSMH transferred its interest in the organization to the Jewish Heritage Fund for Excellence. Both members continue to have equal rights under the organization's governing documents including but not limited to the right to amend the governing documents, adopt or modify the organization's business plans, approve the incurrence of any long-term debt, approve any material mergers or reorganizations, dispose of any material assets, establish any affiliates, and approve the name or any name changes to the organization.”
“Both the University of Louisville and the Jewish Heritage Fund for Excellence have equal power to appoint one or more members of the board of the organization.”
“University of Louisville finance personnel and an outside firm prepared the return and a copy of the return was provided to all board members for review prior to filing.”
“The organization's bylaws require that all officers and trustees avoid conflicts of interest and otherwise fully disclose to the organization any potential or actual conflicts of interest so that such potential conflicts are dealt with in a manner that is in the best interest of the organization. Officers and trustees are required to familiarize themselves with the organization's conflicts of interest policy and to complete any and all such disclosure forms as may be deemed necessary or useful by the organization or its members for identifying potential conflicts of interest.”
“Governing documents and financial statements are available upon request.”
“The organization ceased conducting activities and dissolved effective June 30, 2019.”
“The organization has no employees.”
“University of Louisville salary and benefit allocations - Total Expense: 573356, Program Service Expense: 388113, Management and General Expenses: 185243, Fundraising Expenses: ; Consulting - Total Expense: 3562, Program Service Expense: 3562, Management and General Expenses: 0, Fundraising Expenses: ;”
“Transfer net liabilities to UL Research Fdn. upon dissolution - 498750;”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE MISSION OF THE CARDIOVASCULAR INNOVATION INSTITUTE IS TO IMPROVE LIVES THROUGH WORLD-CLASS CARDIOVASCULAR RESEARCH, SCIENTIFIC DISCOVERY AND NEW ENTERPRISE CREATION. |
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| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Walter W Newell |
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| IRS990/CYOtherRevenueAmt | 0 | 135139 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | 97743 |
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| IRS990/Desc | 0 | Research in the Cardiovascular Innovation Institute (CII) is focused on studying how the heart and cardiovascular system functions both normally and in the diseased state. The CII is doing research on the cellular and molecular level developing new knowledge on the underlining cause of cardiovascular disease. One of our researchers is studying small vessel disease in the hearts of women. This research is leading to new therapies for the treatment of women who have myocardial infarctions. Along with this research, work is being performed with adult stem cells turning the these cells into capillary to be vascularized ischemic myocardium. This work has been recognized by the National Institutes of Health and resulted in a R01 grant. Other researchers in the CII are working with C - RNA to detect both heart and lung disease and to better understand the mechanisms of action to help improve clinical treatments. There is also a very large lung research program at the Institute which is exploring mechanisms causing inflammatory lung disease using ex vivo lung perfusion techniques. One of the largest programs is the continual development of new ventricular assist devices and total artificial hearts. We have an outstanding large animal research lab and work in collaboration with multiple companies and the FDA perfecting the new devices for clinical testing. Researchers at the CII have published over 27 peer-reviewed articles during the year. |
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| IRS990/ExpenseAmt | 0 | 499879 |
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| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 7037 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 7037 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 185243 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 391675 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 576918 |
| IRS990/FinalReturnInd | 0 | X |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 2075 |
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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1945 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 6057 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 3548 |
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| IRS990/OtherRevenueMiscGrp/Desc | 0 | Facilities and Administrative Cost Recoveries |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 550000 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5000 |
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| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.9636 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.9832 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3171059 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 711692 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 770000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 560000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 550000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 3171059 |
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| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt | 0 | 37376 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
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| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleN/AttorneyGeneralNotifiedInd | 0 | true |
| IRS990ScheduleN/BondsOutstandingInd | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | true |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | false |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | true |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | Accounts Receivable |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2019-06-30 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 0 | 611029626 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 0 | 501(c)(3) |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm | 0 | UNIV OF LOUISVILLE RESEARCH FDN |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 0 | 2215 S Brook St |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 0 | Louisville |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 0 | KY |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 0 | 402082772 |
| IRS990ScheduleN/OwnerOfSuccessorInd | 0 | false |
| IRS990ScheduleN/ReceiveCompensationInd | 0 | false |
| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | true |
| IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt | 0 | Daniel Durbin is a director of the University of Louisville Research Foundation. |
| IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule N, Part I, Line 2a Interested person is a director or trustee of successor org. |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The organization ceased conducting activities and dissolved effective June 30, 2019. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION HAS NO EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The organization had two original members consisting of the University of Louisville and Jewish Hospital & St. Mary's Healthcare, Inc (JHSMH). In December 2012, as part of its merger with KentuckyOne Healthcare, JHSMH transferred its interest in the organization to the Jewish Heritage Fund for Excellence. Both members continue to have equal rights under the organization's governing documents including but not limited to the right to amend the governing documents, adopt or modify the organization's business plans, approve the incurrence of any long-term debt, approve any material mergers or reorganizations, dispose of any material assets, establish any affiliates, and approve the name or any name changes to the organization. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Both the University of Louisville and the Jewish Heritage Fund for Excellence have equal power to appoint one or more members of the board of the organization. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | University of Louisville finance personnel and an outside firm prepared the return and a copy of the return was provided to all board members for review prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | The organization's bylaws require that all officers and trustees avoid conflicts of interest and otherwise fully disclose to the organization any potential or actual conflicts of interest so that such potential conflicts are dealt with in a manner that is in the best interest of the organization. Officers and trustees are required to familiarize themselves with the organization's conflicts of interest policy and to complete any and all such disclosure forms as may be deemed necessary or useful by the organization or its members for identifying potential conflicts of interest. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Governing documents and financial statements are available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | University of Louisville salary and benefit allocations - Total Expense: 573356, Program Service Expense: 388113, Management and General Expenses: 185243, Fundraising Expenses: ; Consulting - Total Expense: 3562, Program Service Expense: 3562, Management and General Expenses: 0, Fundraising Expenses: ; |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Transfer net liabilities to UL Research Fdn. upon dissolution - 498750; |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part III, Line 3 Significant changes in program services |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part V, Line 2a FORMS W-2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 6 Classes of members or stockholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 7a Members or stockholders electing members of governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 11b Review of form 990 by governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Line 12c Conflict of interest policy |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Line 19 Required documents available to the public |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part IX, Line 11g Other Fees |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
| IRS990/SchoolOperatingInd | 0 | false |
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