Cardiovascular Institute

“Joseph kraynak connie kraynak board member board member spouses”

“Form 990 is emailed to all members of the executive committee, for review and questions prior to filing.”

“The board executive committee approves salary of executive director.”

“Governing documents, form 990 and financial statements are available to the public at the organization's offices at 227 north broad street, 3rd floor, philadelphia, pa 19107 during normal business hours.”

“The business code of 611600 used on line 2a is based on the available codes in the not for profit tax software used. The program service revenue is for professional education registrations for physicians and other medical professionals. A more appropriate naics code for this program service revenue would be 923110 for administration of education programs.”

“Amended return is being filed to reflect changes to the organization's books and records based upon the organization's financial statement audit. The changes are to record an honorarium of 1,000 due to a course presenter refused by the presenter and instructed to be used as a donation to the organization. These changes affect part i lines 8 and 17, part viii line 1f, and part ix line 24a. The amended return also records donated services and in-kind donations as reported on the organization's audited financial statement. These changes affect schedule d part xi line 2b and part xii line 2a. The changes reflected in the amended return do not affect the reported revenues less expenses as reported on the original return. The amended return also includes a change in address for the organization (a different post office box).”

“Schedule l, part iv - business transactions involving interested parties cardiology consultants of philadelphia is a professional corporation owned approximately 13.2% by the following officers and trustees: - veronica covalesky - santosh gupta-bala - scott hessen - dean karalis - joseph kraynak - daniel mccormick - pasquale procacci - mark victor the folowing transactions occurred between the organization and the interersted party: - sponsorship and attendance by members of the interested party (both officers / trustees of the organization and others at the interested party) at the organization's annual fundraising dinner - attendance by members of the interested party (both officers / trustees of the organization and others at the interested party) at professional education courses presented by the organization - research work, done by the organization used by the interested party - faculty from the interested party for the professional education courses presented by the organization - reimbursement to the interested party for personnel benefit costs of the organization's employees, including medical, dental and disability insurance - rental of the office used by the organization during a portion of the year.”

“Course design and presentation of professional education and community education programs, and organization of annual fundraising dinner.”