Civic Intelligence

Aspire Foundation

EIN 20-5994426 • 501(c)3 • Kansas City, MO

Profile

The primary purpose of aspire foundation is to conduct medical research in academic and clinical settings and to publish and make available to the medical community and the general public the results of such medical research.

4520 Main Street No 1100Kansas City, MO 64111

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.23x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

15th percentile

-70%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

35%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$35,786

Down $83,833 (-70%) from 2017

Liabilities

Down

$35,786

Down $83,833 (-70%) from 2017

Net Assets

Flat

$0

Flat from 2017

Operations
Liabilities / Revenue88th percentileNet Margin46th percentile

Revenue

Up

$155,483

Up $40,698 (+35%) from 2017

Expenses

Up

$155,483

Up $40,698 (+35%) from 2017

Net Income

Flat

$0

Flat from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth15th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $207,727Liabilities 2010: $206,745Net Assets 2010: $9822010Assets 2011: $297,676Liabilities 2011: $297,218Net Assets 2011: $4582011Assets 2012: $318,864Liabilities 2012: $318,864Net Assets 2012: $02012Assets 2013: $310,113Liabilities 2013: $310,113Net Assets 2013: $02013Assets 2014: $262,804Liabilities 2014: $262,804Net Assets 2014: $02014Assets 2015: $273,787Liabilities 2015: $273,787Net Assets 2015: $02015Assets 2016: $160,952Liabilities 2016: $160,952Net Assets 2016: $02016Assets 2017: $119,619Liabilities 2017: $119,619Net Assets 2017: $02017Assets 2018: $35,786Liabilities 2018: $35,786Net Assets 2018: $02018

Highlighted filing

2018

Assets$35,786
Liabilities$35,786
Net Assets$0
Open 2018 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Expenses 2010: $408,7832010Expenses 2011: $207,8962011Expenses 2012: $221,2322012Revenue 2013: $307,390Expenses 2013: $307,390Net Income 2013: $02013Revenue 2014: $287,777Expenses 2014: $287,777Net Income 2014: $02014Revenue 2015: $124,655Expenses 2015: $124,655Net Income 2015: $02015Revenue 2016: $116,997Expenses 2016: $116,997Net Income 2016: $02016Revenue 2017: $114,785Expenses 2017: $114,785Net Income 2017: $02017Revenue 2018: $155,483Expenses 2018: $155,483Net Income 2018: $02018

Highlighted filing

2018

Revenue$155,483
Expenses$155,483
Net Income$0
Open 2018 Filing

Filings

Most recent year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,786
Liabilities
$35,786
Net assets
$0
Revenue
$155,483
Expenses
$155,483
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.36$0.36$0.00$1.55$1.55$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.20$1.20$0.00$1.15$1.15$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.61$1.61$0.00$1.17$1.17$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.74$2.74$0.00$1.25$1.25$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.63$2.63$0.00$2.88$2.88$0.00
2013Detailed filing. Detailed filing data is available for this year.$3.10$3.10$0.00$3.07$3.07$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$3.19$0.00$2.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$2.97$0.00$2.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$2.07$0.01$4.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 25, 2019
Return Version
2018v3.1
Gross Receipts
$155,483
Mission and Program Overview

Mission

The primary purpose of aspire foundation is to conduct medical research in academic and clinical settings and to publish and make available to the medical community and the general public the results of such medical research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$119,186$35,353▼ $83,833
Cash and Non-Interest-Bearing Accounts$433$433→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$119,619$35,786▼ $83,833
Liabilities
Deferred Revenue$108,313$31,298▼ $77,015
Accounts Payable and Accrued Expenses$11,306$4,488▼ $6,818
Total Liabilities$119,619$35,786▼ $83,833
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$119,619$35,786▼ $83,833

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$5,408$5,408
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Ibrahim Saeed MdDirector
James a CaseDirector
Kenneth C Huber MdDirector
Timothy M Bateman MdMedical Director/director
Ron CodaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cardiovascular Imaging TechnologiesMgt/research Services4320 WORNALL RD SUITE 114, Kansas City, MO 64111$149,241
Revenue and Support

Revenue Composition

Contributions and Grants
$155,194
Program Service Revenue
$0
Investment Income
$289
Other Revenue
$0
All Other Contributions
$155,194
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,483
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$142,738--$142,738
Fees for Services Accounting$8,490$2,310-$10,800
Other Expenses$1,945--$1,945
Total Functional Expenses$153,173$2,310$0$155,483
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Timothy M Bateman MdMedical Director of Aspire Fnd and Shareholder/officer of CvitASPIRE FOUNDATION HAS A MANAGEMENT, TECHNICAL AND RESEARCH SERVICES AGREEMENT WITH CARDIOVASCULAR IMAGING TECHNOLOGIES, L.L.C. (CVIT). THE AMOUNT PAID TO CVIT WAS $149,241. ALL TRANSACTIONS ARE AT MARKET RATES.No$149,241
Ibrahim Saeed MdDirector of Aspire Foundation and Shareholder of CcCARDIOVASCULAR CONSULTANTS, PC (CC) PROVIDES PHYSICIAN SERVICES AND LEASES EQUIPMENT TO ASPIRE. THE AMOUNT PAID TO CC WAS $0. ALL TRANSACTIONS ARE AT MARKET RATES.No-
James a CaseDirector of Aspire Foundation and Shareholder of CvitASPIRE FOUNDATION HAS A MANAGEMENT, TECHNICAL AND RESEARCH SERVICES AGREEMENT WITH CARDIOVASCULAR IMAGING TECHNOLOGIES, L.L.C. (CVIT). THE AMOUNT PAID TO CVIT WAS $149,241. ALL TRANSACTIONS ARE AT MARKET RATES.No-
Kenneth C Huber MdDirector of Aspire Foundation and Shareholder of CcCARDIOVASCULAR CONSULTANTS, PC (CC) PROVIDES PHYSICIAN SERVICES AND LEASES EQUIPMENT TO ASPIRE. THE AMOUNT PAID TO CC WAS $0. ALL TRANSACTIONS ARE AT MARKET RATES.No-
Ron CodaTreasurer of Aspire Foundation and Employed by CcCARDIOVASCULAR CONSULTANTS, PC (CC) PROVIDES PHYSICIAN SERVICES AND LEASES EQUIPMENT TO ASPIRE. THE AMOUNT PAID TO CC WAS $0. ALL TRANSACTIONS ARE AT MARKET RATES.No-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Timothy m. Bateman, md, and james a. Case are employees of cardiovascular imaging technologies, l.l.c. Which contracts management, technical and research services to aspire.”

Form 990, Part VI, Section A, Line 3

“Aspire foundation has a management agreement with cardiovascular imaging technologies, l.l.c to provide management, technical and research services to aspire foundation.”

Form 990, Part VI, Section A, Line 6

“The foundation has members consisting of st luke's hospital foundation and cardiovascular imaging technologies, l.l.c.”

Form 990, Part VI, Section A, Line 7A

“Each member is entitled to elect two of the six members of the board of directors. Each member is entitled to one vote on all other matters submitted to a vote of the members.”

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

“A draft of form 990 is reviewed by a committee consisting of the technical director, treasurer and the accounting manager. The final copy is then provided to all members of the governing body.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are currently not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Aspire Foundation
EIN
20-5994426
Phone
8165312842
Address
4520 MAIN STREET NO 1100, KANSAS CITY, MO 64111

Signing Officer

Name
Ron Coda
Title
Treasurer
Phone
8165312842
Signed
2019-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy M Bateman
Formed
2006
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Rsm US Llp
Address
4801 MAIN STREET SUITE 400, KANSAS CITY, MO 64112
Preparer
Ed Bartak
Phone
8167533000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees: program service expenses 142,738. Management and general expenses 0. Fundraising expenses 0. Total expenses 142,738.”

Raw XML Appendix358 raw XML fields

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/ProgSrvcAccomActyOtherGrp/Desc0A 24-WEEK, MULTICENTER, RANDOMIZED, DOUBLE-BLIND, PARALLEL GROUP, PLACEBO-CONTROLLED STUDY TO INVESTIGATE THE EFFECTS OF SAXAGLIPTIN AND SITAGLIPTIN IN PATIENTS WITH TYPE 2 DIABETES MELLITUS AND HEART FAILURE AKA MEASURE-HF:THE PURPOSE OF THIS STUDY TO INCREASE KNOWLEDGE OF TREATMENT WITH SAXAGLIPTIN IN PATIENTS WITH TYPE 2 DIABETES MELLITUS AND HEART FAILURE. NO RESEARCH SUBJECTS WERE ENROLLED IN 2018. THIS MULTI-CENTER, STUDY WAS CLOSED AT THE IRB ON 06DEC2018.EXPENSES $ 3,175. REVENUE $ 3,175HIGH-PERFORMANCE AUTOMATED ANALYSIS OF FAST MYOCARDIAL PERFUSION SPECT AKA CEDARS NIH GRANT:THE PURPOSE OF THIS RETROSPECTIVE RESEARCH STUDY IS TO DEVELOP IMAGE PROCESSING ALGORITHMS FOR IMPROVED AUTOMATED ANALYSIS OF FAST MYOCARDIAL PERFUSION SPECT. NO SUBJECTS WERE ENROLLED IN 2018.EXPENSES $ 2,470. REVENUE $ 2,470.123I-MIBG (ADREVIEW) HEART-TO-MEDIASTINAL (H/M) RATIO AND SPECT IMAGING ON A SMALL FIELD OF VIEW-HIGH EFFICIENCY CARDIAC SPECT SYSTEM AKA MIBG IIT:THIS STUDY SEEKS TO ESTABLISH A METHODOLOGY FOR USING TOMOGRAPHIC DATA ACQUIRED USING STATE OF THE ART HIGH SENSITIVITY IMAGING SYSTEMS TO ASSESS CARDIAC DENERVATION WITH 123I-MIBG (IODINE-123 METAIODOBENZYLGUANIDINE). ENROLLMENT WAS COMPLETED IN 2014. THE STUDY WAS CLOSED AT THE IRB IN 2018.RAPID-ACQUISITION, LOW-DOSIMETRY TC-99M STRESS-ONLY MYOCARDIAL PERFUSION SPECT ON THE SPECTRUM DYNAMIC SYSTEM: COMPARISON OF EFFICIENCY AND OUTCOMES WITH STRESS-ONLY ANGER SPECT AKA D-SPECT STRESS ONLY:THIS STUDY IS PROSPECTIVE CASE-CONTROLLED COMPARISON STUDY OF PATIENTS UNDERGOING STRESS-ONLY IMAGING USING A TRADITIONAL ANGER-BASED PROTOCOL VERSUS IMAGING ON THE SPECTRUM DYNAMICS CAMERA USING A NOVEL RAPID AND LOW-DOSIMETRY PROTOCOL. ENROLLMENT WAS COMPLETED IN 2012. A MANUSCRIPT IS CURRENTLY BEING PREPARED FOR SUBMISSION TO A PEER-REVIEW JOURNAL FOR PUBLICATION.IAC GRANT: THE IAC GRANT AWARDED TO THE ASPIRE FOUNDATION FUNDED A RETROSPECTIVE STUDY ENTITLED: "IS CAMERA AGE AN INDICATOR OF NUCLEAR CARDIOLOGY LAB QUALITY?" A MANUSCRIPT IS CURRENTLY BEING PREPARED FOR SUBMISSION TO A PEER-REVIEW JOURNAL FOR PUBLICATION.THERAPEUTIC POTENTIAL FOR ALDOSTERONE INHIBITION IN DUCHENNE MUSCULAR DYSTROPHY AKA DMD :THE PURPOSE OF THIS STUDY WAS TO DEMONSTRATE NONINFERIORITY OF SPIRONOLACTONE VS. EPLERENONE IN PRESERVING CARDIAC FUNCTION IN DMD PATIENTS WITH PRESERVED LV EJECTION FRACTION. THREE SUBJECTS COMPLETED FOLLOW-UP CARDIAC MRI IMAGING IN 2018.EXPENSES: $ 3,158. REVENUE $ 3,158.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TIMOTHY M BATEMAN MD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JAMES A CASE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2IBRAHIM SAEED MD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3RON CODA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4KENNETH C HUBER MD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MEDICAL DIRECTOR OF ASPIRE FND AND SHAREHOLDER/OFFICER OF CVIT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR OF ASPIRE FOUNDATION AND SHAREHOLDER OF CVIT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2DIRECTOR OF ASPIRE FOUNDATION AND SHAREHOLDER OF CC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3TREASURER OF ASPIRE FOUNDATION AND EMPLOYED BY CC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4DIRECTOR OF ASPIRE FOUNDATION AND SHAREHOLDER OF CC
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0149241
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ASPIRE FOUNDATION HAS A MANAGEMENT, TECHNICAL AND RESEARCH SERVICES AGREEMENT WITH CARDIOVASCULAR IMAGING TECHNOLOGIES, L.L.C. (CVIT). THE AMOUNT PAID TO CVIT WAS $149,241. ALL TRANSACTIONS ARE AT MARKET RATES.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1ASPIRE FOUNDATION HAS A MANAGEMENT, TECHNICAL AND RESEARCH SERVICES AGREEMENT WITH CARDIOVASCULAR IMAGING TECHNOLOGIES, L.L.C. (CVIT). THE AMOUNT PAID TO CVIT WAS $149,241. ALL TRANSACTIONS ARE AT MARKET RATES.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2CARDIOVASCULAR CONSULTANTS, PC (CC) PROVIDES PHYSICIAN SERVICES AND LEASES EQUIPMENT TO ASPIRE. THE AMOUNT PAID TO CC WAS $0. ALL TRANSACTIONS ARE AT MARKET RATES.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3CARDIOVASCULAR CONSULTANTS, PC (CC) PROVIDES PHYSICIAN SERVICES AND LEASES EQUIPMENT TO ASPIRE. THE AMOUNT PAID TO CC WAS $0. ALL TRANSACTIONS ARE AT MARKET RATES.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4CARDIOVASCULAR CONSULTANTS, PC (CC) PROVIDES PHYSICIAN SERVICES AND LEASES EQUIPMENT TO ASPIRE. THE AMOUNT PAID TO CC WAS $0. ALL TRANSACTIONS ARE AT MARKET RATES.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TIMOTHY M. BATEMAN, MD, AND JAMES A. CASE ARE EMPLOYEES OF CARDIOVASCULAR IMAGING TECHNOLOGIES, L.L.C. WHICH CONTRACTS MANAGEMENT, TECHNICAL AND RESEARCH SERVICES TO ASPIRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASPIRE FOUNDATION HAS A MANAGEMENT AGREEMENT WITH CARDIOVASCULAR IMAGING TECHNOLOGIES, L.L.C TO PROVIDE MANAGEMENT, TECHNICAL AND RESEARCH SERVICES TO ASPIRE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS MEMBERS CONSISTING OF ST LUKE'S HOSPITAL FOUNDATION AND CARDIOVASCULAR IMAGING TECHNOLOGIES, L.L.C.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH MEMBER IS ENTITLED TO ELECT TWO OF THE SIX MEMBERS OF THE BOARD OF DIRECTORS. EACH MEMBER IS ENTITLED TO ONE VOTE ON ALL OTHER MATTERS SUBMITTED TO A VOTE OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A DRAFT OF FORM 990 IS REVIEWED BY A COMMITTEE CONSISTING OF THE TECHNICAL DIRECTOR, TREASURER AND THE ACCOUNTING MANAGER. THE FINAL COPY IS THEN PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE CURRENTLY NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTING FEES: PROGRAM SERVICE EXPENSES 142,738. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 142,738.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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