Civic Intelligence

Cardiovascular Institute

990 • Fiscal year 2019 • EIN 23-2984908

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 13, 2020

PO Box 56598Philadelphia, PA 19111

(215) 389-2300

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

0.00x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

58th percentile

7.2%

Higher net margin than 58% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$131,056

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

56th percentile

5.7%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

82%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Flat

$882,800

Flat from 2019

Net Assets

Flat

$881,078

Flat from 2019

Liabilities

Flat

$1,722

Flat from 2019

Revenue

Flat

$653,337

Flat from 2019

Expenses

Flat

$606,299

Flat from 2019

Net Income

Flat

$47,038

Flat from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,072,148Liabilities 2011: $5,077Net Assets 2011: $1,067,0712011Assets 2012: $995,659Liabilities 2012: $12,642Net Assets 2012: $983,0172012Assets 2013: $875,008Liabilities 2013: $15,460Net Assets 2013: $859,5482013Assets 2014: $818,950Liabilities 2014: $6,801Net Assets 2014: $812,1492014Assets 2015: $851,172Liabilities 2015: $11,561Net Assets 2015: $839,6112015Assets 2016: $1,066,223Liabilities 2016: $16,076Net Assets 2016: $1,050,1472016Assets 2017: $1,096,057Liabilities 2017: $8,625Net Assets 2017: $1,087,4322017Assets 2018: $834,917Liabilities 2018: $877Net Assets 2018: $834,0402018Assets 2019: $882,800Liabilities 2019: $1,722Net Assets 2019: $881,0782019Assets 2019: $882,800Liabilities 2019: $1,722Net Assets 2019: $881,0782019Assets 2020: $777,211Liabilities 2020: $51,075Net Assets 2020: $726,1362020Assets 2021: $711,582Liabilities 2021: $58,305Net Assets 2021: $653,2772021Assets 2022: $625,538Liabilities 2022: $2,552Net Assets 2022: $622,9862022Assets 2023: $509,507Liabilities 2023: $2,041Net Assets 2023: $507,4662023Assets 2024: $330,156Liabilities 2024: $7,918Net Assets 2024: $322,2382024Assets 2025: $261,315Liabilities 2025: $498Net Assets 2025: $260,8172025

Highlighted filing

2019

Assets$882,800
Liabilities$1,722
Net Assets$881,078

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $388,298Expenses 2011: $436,999Net Income 2011: -$48,7012011Expenses 2012: $495,6262012Expenses 2013: $505,6852013Revenue 2014: $428,463Expenses 2014: $475,862Net Income 2014: -$47,3992014Revenue 2015: $550,762Expenses 2015: $523,300Net Income 2015: $27,4622015Revenue 2016: $714,814Expenses 2016: $504,278Net Income 2016: $210,5362016Revenue 2017: $585,872Expenses 2017: $549,254Net Income 2017: $36,6182017Revenue 2018: $358,224Expenses 2018: $611,616Net Income 2018: -$253,3922018Revenue 2019: $653,337Expenses 2019: $606,299Net Income 2019: $47,0382019Revenue 2019: $653,337Expenses 2019: $606,299Net Income 2019: $47,0382019Revenue 2020: $631,368Expenses 2020: $786,310Net Income 2020: -$154,9422020Revenue 2021: $487,550Expenses 2021: $560,409Net Income 2021: -$72,8592021Revenue 2022: $584,600Expenses 2022: $614,891Net Income 2022: -$30,2912022Revenue 2023: $743,378Expenses 2023: $858,898Net Income 2023: -$115,5202023Revenue 2024: $650,492Expenses 2024: $835,720Net Income 2024: -$185,2282024Revenue 2025: $578,691Expenses 2025: $640,112Net Income 2025: -$61,4212025

Highlighted filing

2019

Revenue$653,337
Expenses$606,299
Net Income$47,038
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 13, 2020
Return Version
2018v3.2
Gross Receipts
$731,218
Mission and Program Overview

Mission

The cardiovascular institute conducts medical research, professional education seminars and provides community education in the area of cardiovascular medicine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$403,466$414,915▲ $11,449
Savings and Temporary Cash Investments$327,784$336,159▲ $8,375
Cash and Non-Interest-Bearing Accounts$103,556$115,520▲ $11,964
Land, Buildings, and Equipment, Net$111$16,206▲ $16,095
Total Assets$834,917$882,800▲ $47,883
Liabilities
Other Liabilities$877$1,722▲ $845
Total Liabilities$877$1,722▲ $845
Net Assets / Fund Balance
Unrestricted Net Assets$759,744$788,822▲ $29,078
Temporarily Rstr Net Assets$74,296$92,256▲ $17,960
Total Net Assets Fund Balance$834,040$881,078▲ $47,038
Total Liabilities and Net Assets / Fund Balance$834,917$882,800▲ $47,883

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,142$118,184$124,326
Leasehold Improvements$10,064$17,658$27,722
Other Land Buildings-$3,498$3,498

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$74,296$17,113▲ $847-$92,256
2017-$74,123▲ $173-$74,296
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark HartnettExecutive DiFT$122,514$8,542$131,056

Board Members and Trustees

NameTitle
Sheldon Goldberg MdPresident
Daniel Mccormick MdBoard Member
Dean Karalis MdBoard Member
Joseph Kraynak MdBoard Member
Scott Hessen MdBoard Member
Mark Victor MdCo-medical D
Pasquale Procacci MdCo-medical D
Veronica Covalesky MdIm. Past Pr/
Revenue and Support

Revenue Composition

Contributions and Grants
$460,532
Program Service Revenue
$173,581
Investment Income
$19,224
Other Revenue
$0
All Other Contributions
$460,532
Change in Net Assets
$47,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$396,926
Salaries, Compensation, and Employee Benefits$209,373
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$127,125$3,932-$131,057
Other Salaries and Wages$53,089$2,794-$55,883
Occupancy$28,320$705-$29,025
Payroll Taxes$13,080$493-$13,573
Other Employee Benefits$8,417$443-$8,860
Fees for Services Accounting$8,385$215-$8,600
Office Expenses$6,392$9-$6,401
Fees for Services Other$5,357$65-$5,422
Fees for Service Investment Mgmnt Fees-$4,341-$4,341
Information Technology$2,704$31-$2,735
Insurance$2,482$64-$2,546
Depreciation Depletion$1,695$43-$1,738
Conferences and Meetings$835$21-$856
Other Expenses$366$9-$375
Travel$300$7-$307
All Other Expenses-$74-$74
Total Functional Expenses$592,843$13,456$0$606,299
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
Cardiology Consultants of PhiladelpSee Schedule OIncome-prof. CoursesNo$49,635
Cardiology Consultants of PhiladelpSee Schedule OExpense-office&staffNo$37,000
Hasbrook AssociatesSee Schedule OExpense-office RentNo$18,793
Christina CovaleskySee Schedule OExpense-art for Adv.No$5,850
Cardiology Consultants of PhiladelpSee Schedule OIncome-work PerformeNo$5,500
227 North Broad Street AssociatesSee Schedule OExpense-office RentNo$4,426
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholdings Payable$1,722
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 2

Veronica covalesky mark victor ipp/co-med d co-med. Dir. Business relationship veronica covalesky scott hessen ipp/co-med d board member business relationship veronica covalesky dean karalis ipp/co-med d board member business relationship veronica covalesky joseph kraynak ipp/co-med d board member business relationship veronica covalesky daniel mccormick ipp/co-med d board member business relationship mark victor scott hessen co-med. Dir. Board member business relationship mark victor dean karalis co-med. Dir. Board member business relationship mark victor joseph kraynak co-med. Dir. Board member business relationship mark victor daniel mccormick co-med. Dir. Board member business relationship scott hessen dean karalis board member board member business relationship scott hessen joseph kraynak board member board member business relationship scott hessen daniel mccormick board member board member business relationship dean karalis joseph kraynak board member board member business relationship dean karalis daniel mccormick board member board member business relationship

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 15A

The board executive committee approves salary of executive director.

Form 990, Page 6, Part VI, Line 19

Governing documents, form 990 and financial statements are available to the public at the organization's offices at 700 cottman avenue, building b, philadelphia, pa 19111 during normal business hours.

Form 990, Part VIII

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.

Filing and Contact Details

Filer

Filer Name
Cardiovascular Institute
EIN
23-2984908
Phone
2153892300
Address
PO BOX 56598, PHILADELPHIA, PA 19111

Signing Officer

Name
Veronica Covalesky Md
Title
Im. Past Pr/co-med.
Phone
2153892300
Signed
2020-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheldon Goldberg Md
Formed
1997
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
100

Preparer

Firm
Sklar Carmosin & Company
Address
801 OLD YORK RD STE 402, JENKINTOWN, PA 19046
Preparer
Stephen J Smart
Phone
2158855811
Supplemental Narrative

Additional Explanations

Form 990

Schedule l, part iv - business transactions involving interested parties cardiology consultants of philadelphia is a professional corporation owned approximately 6.40% by the following officers and trustees: - veronica covalesky - scott hessen - dean karalis - daniel mccormick - mark victor the following transactions occurred between the organization and the interested party: - 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 - 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 - reimbursement to the interested party for occupancy costs for the organization's telephone system and capital additions 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 - pasquale procacci - mark victor the organization rented its' office from the interested party for a period during the fiscal year. Hasbrook associates is a limited partnership owned 46.87% directly and/or indirectly by the following officers and trustees: - veronica covalesky - daniel mccormick - pasquale procacci - mark victor the organization rented its' office from the interested party for a period during the fiscal year through the end of the fiscal year. Christina covalesky provided services to the organization, in designing the advertisements for the professional courses. Veronica and christina covalesky are sisters-in-law.

Form 990, Page 1, Part I, Line 6

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

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment fund was established by the organization to create an operating reserve, which is reserved for use at a future point in time if necessitated by the performance of the organization's operations.

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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0443
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08417
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08860
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL SEMINAR PRES.
IRS990/OtherExpensesGrp/Desc1MOVING EXPENSES
IRS990/OtherExpensesGrp/Desc2PAYROLL SERVICE
IRS990/OtherExpensesGrp/Desc3BUSINESS REGISTRATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1110
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29
IRS990/OtherExpensesGrp/ProgramServicesAmt0327464
IRS990/OtherExpensesGrp/ProgramServicesAmt13901
IRS990/OtherExpensesGrp/ProgramServicesAmt22931
IRS990/OtherExpensesGrp/ProgramServicesAmt3366
IRS990/OtherExpensesGrp/TotalAmt0327464
IRS990/OtherExpensesGrp/TotalAmt14001
IRS990/OtherExpensesGrp/TotalAmt23041
IRS990/OtherExpensesGrp/TotalAmt3375
IRS990/OtherLiabilitiesGrp/BOYAmt0877
IRS990/OtherLiabilitiesGrp/EOYAmt01722
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02794
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt053089
IRS990/OtherSalariesAndWagesGrp/TotalAmt055883
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0493
IRS990/PayrollTaxesGrp/ProgramServicesAmt013080
IRS990/PayrollTaxesGrp/TotalAmt013573
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SHELDON GOLDBERG MD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0PROFESSIONAL EDUCATION REGIS.
IRS990/ProgramServiceRevenueGrp/Desc1PROFESSIONAL EDUCATION SUPPOR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0160581
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0160581
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113000
IRS990/ProgSrvcAccomActy2Grp/Desc0CONDUCTING PROFESSIONAL EDUCATION SEMINARS IN THE AREA OF CARDIOVASCULAR MEDICINE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0591878
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0173581
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDES COMMUNITY EDUCATION SEMINARS IN THE AREA OF CARDIOVASCULAR HEALTH.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0965
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0393215
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-220659
IRS990/PYOtherExpensesAmt0386760
IRS990/PYProgramServiceRevenueAmt0179619
IRS990/PYRevenuesLessExpensesAmt0-253392
IRS990/PYSalariesCompEmpBnftPaidAmt0218807
IRS990/PYTotalExpensesAmt0605567
IRS990/PYTotalRevenueAmt0352175
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt047038
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0327784
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0336159
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TICKET SALES - VALUE OF DINNER PORTI 26,250
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0460532
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0393215
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0414003
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0594937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0395772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02258459
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012436
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02320
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01853
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01974
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt018583
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0374188
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt023750
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026250
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98050
IRS990ScheduleA/PublicSupportPY170Pct00.97820
IRS990ScheduleA/PublicSupportTotal170Amt02258459
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0460532
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0393215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0414003
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0594937
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0395772
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02258459
IRS990ScheduleA/TotalSupportAmt02303292
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt074296
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt017113
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt092256
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0847
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt074123
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt074296
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0173
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt06142
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118184
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0124326
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010064
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017658
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt027722
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03498
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03498
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01722
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL WITHHOLDINGS PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUND WAS ESTABLISHED BY THE ORGANIZATION TO CREATE AN OPERATING RESERVE, WHICH IS RESERVED FOR USE AT A FUTURE POINT IN TIME IF NECESSITATED BY THE PERFORMANCE OF THE ORGANIZATION'S OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016206
IRS990ScheduleD/TotalLiabilityAmt01722
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CARDIOLOGY CONSULTANTS OF PHILADELP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1CARDIOLOGY CONSULTANTS OF PHILADELP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2CARDIOLOGY CONSULTANTS OF PHILADELP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3227 NORTH BROAD STREET ASSOCIATES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4HASBROOK ASSOCIATES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5CHRISTINA COVALESKY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE SCHEDULE O
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SEE SCHEDULE O
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2SEE SCHEDULE O
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3SEE SCHEDULE O
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4SEE SCHEDULE O
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5SEE SCHEDULE O
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd5false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt049635
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt15500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt237000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt34426
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt418793
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt55850
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INCOME-PROF. COURSES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1INCOME-WORK PERFORME
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2EXPENSE-OFFICE&STAFF
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3EXPENSE-OFFICE RENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4EXPENSE-OFFICE RENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5EXPENSE-ART FOR ADV.
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHEDULE L, PART IV - BUSINESS TRANSACTIONS INVOLVING INTERESTED PARTIES CARDIOLOGY CONSULTANTS OF PHILADELPHIA IS A PROFESSIONAL CORPORATION OWNED APPROXIMATELY 6.40% BY THE FOLLOWING OFFICERS AND TRUSTEES: - VERONICA COVALESKY - SCOTT HESSEN - DEAN KARALIS - DANIEL MCCORMICK - MARK VICTOR THE FOLLOWING TRANSACTIONS OCCURRED BETWEEN THE ORGANIZATION AND THE INTERESTED PARTY: - 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 - 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 - REIMBURSEMENT TO THE INTERESTED PARTY FOR OCCUPANCY COSTS FOR THE ORGANIZATION'S TELEPHONE SYSTEM AND CAPITAL ADDITIONS 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 - PASQUALE PROCACCI - MARK VICTOR THE ORGANIZATION RENTED ITS' OFFICE FROM THE INTERESTED PARTY FOR A PERIOD DURING THE FISCAL YEAR. HASBROOK ASSOCIATES IS A LIMITED PARTNERSHIP OWNED 46.87% DIRECTLY AND/OR INDIRECTLY BY THE FOLLOWING OFFICERS AND TRUSTEES: - VERONICA COVALESKY - DANIEL MCCORMICK - PASQUALE PROCACCI - MARK VICTOR THE ORGANIZATION RENTED ITS' OFFICE FROM THE INTERESTED PARTY FOR A PERIOD DURING THE FISCAL YEAR THROUGH THE END OF THE FISCAL YEAR. CHRISTINA COVALESKY PROVIDED SERVICES TO THE ORGANIZATION, IN DESIGNING THE ADVERTISEMENTS FOR THE PROFESSIONAL COURSES. VERONICA AND CHRISTINA COVALESKY ARE SISTERS-IN-LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COURSE DESIGN AND PRESENTATION OF PROFESSIONAL EDUCATION AND COMMUNITY EDUCATION PROGRAMS, AND ORGANIZATION OF FUNDRAISING DINNER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VERONICA COVALESKY MARK VICTOR IPP/CO-MED D CO-MED. DIR. BUSINESS RELATIONSHIP VERONICA COVALESKY SCOTT HESSEN IPP/CO-MED D BOARD MEMBER BUSINESS RELATIONSHIP VERONICA COVALESKY DEAN KARALIS IPP/CO-MED D BOARD MEMBER BUSINESS RELATIONSHIP VERONICA COVALESKY JOSEPH KRAYNAK IPP/CO-MED D BOARD MEMBER BUSINESS RELATIONSHIP VERONICA COVALESKY DANIEL MCCORMICK IPP/CO-MED D BOARD MEMBER BUSINESS RELATIONSHIP MARK VICTOR SCOTT HESSEN CO-MED. DIR. BOARD MEMBER BUSINESS RELATIONSHIP MARK VICTOR DEAN KARALIS CO-MED. DIR. BOARD MEMBER BUSINESS RELATIONSHIP MARK VICTOR JOSEPH KRAYNAK CO-MED. DIR. BOARD MEMBER BUSINESS RELATIONSHIP MARK VICTOR DANIEL MCCORMICK CO-MED. DIR. BOARD MEMBER BUSINESS RELATIONSHIP SCOTT HESSEN DEAN KARALIS BOARD MEMBER BOARD MEMBER BUSINESS RELATIONSHIP SCOTT HESSEN JOSEPH KRAYNAK BOARD MEMBER BOARD MEMBER BUSINESS RELATIONSHIP SCOTT HESSEN DANIEL MCCORMICK BOARD MEMBER BOARD MEMBER BUSINESS RELATIONSHIP DEAN KARALIS JOSEPH KRAYNAK BOARD MEMBER BOARD MEMBER BUSINESS RELATIONSHIP DEAN KARALIS DANIEL MCCORMICK BOARD MEMBER BOARD MEMBER BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS EMAILED TO ALL MEMBERS OF THE EXECUTIVE COMMITTEE, FOR REVIEW AND QUESTIONS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD EXECUTIVE COMMITTEE APPROVES SALARY OF EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICES AT 700 COTTMAN AVENUE, BUILDING B, PHILADELPHIA, PA 19111 DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VIII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt074296
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt092256
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0834917
IRS990/TotalAssetsEOYAmt0882800
IRS990/TotalAssetsGrp/BOYAmt0834917
IRS990/TotalAssetsGrp/EOYAmt0882800
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0460532
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013456
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0592843

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.58$0.64$0.06
2024Summary only. Only limited summary data is available for this year.$0.33$0.01$0.32$0.65$0.84$0.19
2023Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$0.74$0.86$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.00$0.62$0.58$0.61$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.06$0.65$0.49$0.56$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.05$0.73$0.63$0.79$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.65$0.61$0.05
2019Summary only. Only limited summary data is available for this year.$0.88$0.00$0.88$0.65$0.61$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.00$0.83$0.36$0.61$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.01$1.09$0.59$0.55$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.02$1.05$0.71$0.50$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.01$0.84$0.55$0.52$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.82$0.01$0.81$0.43$0.48$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.02$0.86$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.01$0.98$0.50
2011Summary only. Only limited summary data is available for this year.$1.07$0.01$1.07$0.39$0.44$0.05