Cardiovascular Institute

“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 filed to reflect changes in reported amounts due to annual audit of the organization's financial statements. The changes in the amended return increased revenue less expenses and net assets by 5,688, to reflect the voiding of stale dated checks written by the organization but never cashed. The amended return also reclassifies certain revenue and expense items and adjusts rounding differences shown on the original return, which did not affect the originally reported revenue less expenses and net assets.”

“Schedule l, part iv - business transactions involving interested parties cardiology consultants of philadelphia is a professional corporation owned approximately 10.25% by the following officers and trustees: - veronica covalesky - paul grena - santosh gupta-bala - scott hessen - dean karalis - joseph kraynak - daniel mccormick - 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. 227 north broad street associates, lp is a limited partnership owned 100% directly and/or indirectly by the following officers and trustees: - veronica covalesky - dean karalis - daniel mccormick - mark victor - pasquale procacci the organization rented its' office from the interested party for a portion of the year”

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

“Ball fundrais. Event costs 990 pt i line 11,pt vii line 8b 8,620 ball fundrais. Event costs 990 pt i line 11,pt vii line 8b -8,620”