Civic Intelligence

Heart Trust Inc.

990 • Fiscal year 2020 • EIN 20-5536661

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 01, 2020

51 Elmwood DriveSouthport, CT 06890

(203) 561-3445

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

23rd percentile

-17%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

29th percentile

-8.0%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

152%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$413,173

Down $35,813 (-8.0%) from 2019

Net Assets

$413,173

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$209,389

Up $126,297 (+152%) from 2019

Expenses

Up

$245,202

Up $201,578 (+462%) from 2019

Net Income

Down

-$35,813

Down $75,281 (-191%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $234,888Liabilities 2011: $02011Assets 2012: $278,452Liabilities 2012: $02012Assets 2013: $296,963Liabilities 2013: $02013Assets 2014: $296,462Liabilities 2014: $02014Assets 2015: $327,335Liabilities 2015: $02015Assets 2016: $379,625Liabilities 2016: $02016Assets 2017: $381,692Liabilities 2017: $02017Assets 2018: $409,518Liabilities 2018: $02018Assets 2019: $448,986Liabilities 2019: $02019Assets 2020: $413,173Liabilities 2020: $0Net Assets 2020: $413,1732020Assets 2021: $452,968Liabilities 2021: $0Net Assets 2021: $452,9682021Assets 2022: $469,780Liabilities 2022: $0Net Assets 2022: $469,7802022Assets 2023: $442,183Liabilities 2023: $0Net Assets 2023: $442,1832023Assets 2024: $445,092Liabilities 2024: $0Net Assets 2024: $445,0922024

Highlighted filing

2020

Assets$413,173
Liabilities$0
Net Assets$413,173

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $111,284Expenses 2011: $57,671Net Income 2011: $53,6132011Revenue 2012: $194,713Expenses 2012: $151,149Net Income 2012: $43,5642012Revenue 2013: $139,963Expenses 2013: $121,452Net Income 2013: $18,5112013Revenue 2014: $54,092Expenses 2014: $54,593Net Income 2014: -$5012014Revenue 2015: $127,610Expenses 2015: $96,737Net Income 2015: $30,8732015Revenue 2016: $78,832Expenses 2016: $26,542Net Income 2016: $52,2902016Revenue 2017: $29,620Expenses 2017: $27,553Net Income 2017: $2,0672017Revenue 2018: $82,694Expenses 2018: $54,868Net Income 2018: $27,8262018Revenue 2019: $83,092Expenses 2019: $43,624Net Income 2019: $39,4682019Revenue 2020: $209,389Expenses 2020: $245,202Net Income 2020: -$35,8132020Revenue 2021: $49,860Expenses 2021: $10,065Net Income 2021: $39,7952021Revenue 2022: $229,392Expenses 2022: $212,580Net Income 2022: $16,8122022Revenue 2023: $163,643Expenses 2023: $191,240Net Income 2023: -$27,5972023Revenue 2024: $164,325Expenses 2024: $161,416Net Income 2024: $2,9092024

Highlighted filing

2020

Revenue$209,389
Expenses$245,202
Net Income-$35,813
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 1, 2020
Return Version
2020v4.0
Gross Receipts
$209,389
Mission and Program Overview

Mission

Primary purpose is to raise the standard of pediatric cardiac care to patients in developing countries who suffer from congenital heart defects. We work hand-in-hand with the local medical teams to educate and train them. Our organization also provides educational scholarships to students suffering from congenital heart defects, or their family members, in order to better their future as well as the family's future.

Completely volunteer organization providing pro bono pediatric cardiac care and training in developing countries. We focus our efforts on improving the standard of care provided to impoverished children with congenital heart defects. We also provide scholarships to cardiac patients or their family members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$391,185$376,329▼ $14,856
Cash and Non-Interest-Bearing Accounts$57,801$36,844▼ $20,957
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$448,986$413,173▼ $35,813
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$448,986$413,173▼ $35,813
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$448,986$413,173▼ $35,813
Total Liabilities and Net Assets / Fund Balance$448,986$413,173▼ $35,813
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$209,245
Program Service Revenue
$0
Investment Income
$144
Other Revenue
$0
All Other Contributions
$209,245
Change in Net Assets
$-35,813

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$168,320
Other Expenses$76,882
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$168,320--$168,320
Travel$35,688$0$0$35,688
Other Expenses$0$671$0$671
Total Functional Expenses$244,332$870$0$245,202
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

Heart Trust has no committees.

Form 990, Part VI, Section B, Line 11B

Our governing body consists of a very small board of directors. The board had already seen the Form 990EZ before it was filed in Sept 2021. I have emailed the generated PDF of this Form 990 so that they may review it prior to submission.

Form 990, Part VI, Section C, Line 19

Heart Trust did not have any requests to disclose its governing documents or financial statements at any time during the year. Heart Trust does not have a conflict of interest policy; there is no situation within the mission of our organization which would mandate such a policy. We also have no employees. No members of Heart Trust receive compensation for their efforts.

Filing and Contact Details

Filer

Filer Name
Heart Trust Inc
EIN
20-5536661
Phone
2035613445
Address
51 Elmwood Drive, Southport, CT 06890

Signing Officer

Name
Shereen Abdel-Meguid
Title
President
Phone
2035613445
Signed
2020-04-01

Organization Details

Principal Officer
Shereen Abdel-Meguid
Formed
2006
Legal Domicile
Ct
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
100
Supplemental Narrative

Additional Explanations

Form 990, Header, Line B

I initially submitted the 2020 return via USPS as a Form 990EZ. I misunderstood the receipt threshold and filing requirement for a 990EZ. I thought it was gross receipts of less than $200,000 AND total assets of less than $500,000 for a Form 990EZ. As a result, I completed Form 990EZ instead of Form 990. I received a letter from the IRS today (# LTR2475C) stating that I filed the wrong form. The initial mailing of the incorrect return (LTR2695C) had also been returned to a previous address and then returned to the IRS as undeliverable, which further delayed my submitting the correct form. Thank you for your understanding.

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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/ActivityOrMissionDesc0Completely volunteer organization providing pro bono pediatric cardiac care and training in developing countries. We focus our efforts on improving the standard of care provided to impoverished children with congenital heart defects. We also provide scholarships to cardiac patients or their family members.
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IRS990/Desc0Open Heart Surgical mission to Cairo, Egypt in March 2020. Had planned to operate and train in 2 hospitals in Cairo, but had to return emergently to U.S. due to onset of Covid-19 pandemic. Performed 10 open heart surgeries in Abou elReesh Hospital, including post operative care, training and local program assessment. Spent only three days at Al Nas Hospital, observing and training, until team was able to depart to the U.S.
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IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Mark Galantowicz
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IRS990/MissionDesc0Pro bono pediatric cardiac care and training in developing countries. Teams of skilled medical professionals perform open heart surgery, cardiac catheterizations and electrophysiology procedures on impoverished children suffering from congenital heart defects. We procure donated medical supplies for use during the cardiac missions. We work hand-in-hand with local medical teams to improve the standard of care provided to their cardiac patients. We also provide scholarships to children with congenital heart defects or their family members. We are a completely volunteer organization. No remuneration is provided to any member of our organization.
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IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2199
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3671
IRS990/OtherExpensesGrp/ProgramServicesAmt030324
IRS990/OtherExpensesGrp/ProgramServicesAmt110000
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt030324
IRS990/OtherExpensesGrp/TotalAmt110000
IRS990/OtherExpensesGrp/TotalAmt2199
IRS990/OtherExpensesGrp/TotalAmt3671
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Shereen Abdel-Meguid
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Scholarships awarded to cardiac patients or their family members. 3 Guatemalan students: Karina Cujcuy, Medical School $1,600; Luis Guachin, University $1,600; Armando Matias, Grammar School $800. Each student has submitted an application. Scholarship recipients have no relation to anyone having an affiliation with Heart Trust, Inc.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt04000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt082883
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt023527
IRS990/PYInvestmentIncomeAmt0209
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt020097
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt039468
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt043624
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt083092
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-35813
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0391185
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0376329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0209245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt082883
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt082480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt029406
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt078613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0482627
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0144
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0219
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01000
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.37909
IRS990ScheduleA/PublicSupportPY170Pct00.4308
IRS990ScheduleA/PublicSupportTotal170Amt0183337
IRS990ScheduleA/SubstantialContributorsTotAmt0299290
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0209245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt082883
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt082480

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.45$0.00$4.45$1.64$1.61$0.03
2023Detailed filing. Detailed filing data is available for this year.$4.42$0.00$4.42$1.64$1.91$0.28
2022Detailed filing. Detailed filing data is available for this year.$4.70$0.00$4.70$2.29$2.13$0.17
2021Detailed filing. Detailed filing data is available for this year.$4.53$0.00$4.53$0.50$0.10$0.40
2020Detailed filing. Detailed filing data is available for this year.$4.13$0.00$4.13$2.09$2.45$0.36
2019Summary only. Only limited summary data is available for this year.$4.49$0.00$0.83$0.44$0.39
2018Summary only. Only limited summary data is available for this year.$4.10$0.00$0.83$0.55$0.28
2017Summary only. Only limited summary data is available for this year.$3.82$0.00$0.30$0.28$0.02
2016Summary only. Only limited summary data is available for this year.$3.80$0.00$0.79$0.27$0.52
2015Summary only. Only limited summary data is available for this year.$3.27$0.00$1.28$0.97$0.31
2014Summary only. Only limited summary data is available for this year.$2.96$0.00$0.54$0.55$0.01
2013Summary only. Only limited summary data is available for this year.$2.97$0.00$1.40$1.21$0.19
2012Summary only. Only limited summary data is available for this year.$2.78$0.00$1.95$1.51$0.44
2011Summary only. Only limited summary data is available for this year.$2.35$0.00$1.11$0.58$0.54