Civic Intelligence

Receptions for Research

EIN 27-0843891 • 501(c)3 • Ft Lauderdale, FL

Profile

The greg olsen foundation was established in 2009 to provide hospitals, doctors and scholars the resources necessary to enhance the lives of those affected by various forms of cancer and cardiovascular diseases or disorders. We partner with local and national organizations in our pursuit to discover a cure for these debilitating diseases. It's our goal to make sure everyone has a second chance in life.

200 E Las Olas Blvd Ste 1550Ft Lauderdale, FL 33301

receptionsforresearch.org

Siviq Scores

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

Liabilities / Assets

99th percentile

3.22x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

2.36x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-62%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

87th percentile

36%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

45th percentile

4.6%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$986,165

Up $184,677 (+23%) from 2023

Liabilities

Up

$3,180,335

Up $1,019,349 (+47%) from 2023

Net Assets

Down

-$2,194,170

Down $834,672 (-61%) from 2023

Revenue

Down

$1,345,731

Down $114,966 (-7.9%) from 2023

Expenses

Down

$2,180,403

Down $554,946 (-20%) from 2023

Net Income

Up

-$834,672

Up $439,980 (+35%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $94,667Liabilities 2010: $0Net Assets 2010: $94,6672010Assets 2011: $113,519Liabilities 2011: $552Net Assets 2011: $112,9672011Assets 2012: $72,288Liabilities 2012: $35Net Assets 2012: $72,2532012Assets 2013: $85,051Liabilities 2013: $15Net Assets 2013: $85,0362013Assets 2014: $126,346Liabilities 2014: $0Net Assets 2014: $126,3462014Assets 2015: $140,854Liabilities 2015: $0Net Assets 2015: $140,8542015Assets 2016: $202,177Liabilities 2016: $0Net Assets 2016: $202,1772016Assets 2017: $166,065Liabilities 2017: $0Net Assets 2017: $166,0652017Assets 2018: $124,667Liabilities 2018: $0Net Assets 2018: $124,6672018Assets 2019: $142,438Liabilities 2019: $4,922Net Assets 2019: $137,5162019Assets 2020: $425,597Liabilities 2020: $1,790,000Net Assets 2020: -$1,364,4032020Assets 2021: $245,684Liabilities 2021: $990,000Net Assets 2021: -$744,3162021Assets 2022: $536,599Liabilities 2022: $621,445Net Assets 2022: -$84,8462022Assets 2023: $801,488Liabilities 2023: $2,160,986Net Assets 2023: -$1,359,4982023Assets 2024: $986,165Liabilities 2024: $3,180,335Net Assets 2024: -$2,194,1702024

Highlighted filing

2024

Assets$986,165
Liabilities$3,180,335
Net Assets-$2,194,170

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $75,7582010Expenses 2011: $96,4912011Expenses 2012: $148,1082012Revenue 2013: $341,270Expenses 2013: $328,487Net Income 2013: $12,7832013Revenue 2014: $299,946Expenses 2014: $258,636Net Income 2014: $41,3102014Revenue 2015: $503,430Expenses 2015: $488,922Net Income 2015: $14,5082015Revenue 2016: $772,295Expenses 2016: $710,972Net Income 2016: $61,3232016Revenue 2017: $821,992Expenses 2017: $858,104Net Income 2017: -$36,1122017Revenue 2018: $795,909Expenses 2018: $837,307Net Income 2018: -$41,3982018Revenue 2019: $662,551Expenses 2019: $644,702Net Income 2019: $17,8492019Revenue 2020: $553,897Expenses 2020: $115,816Net Income 2020: $438,0812020Revenue 2021: $766,582Expenses 2021: $146,495Net Income 2021: $620,0872021Revenue 2022: $1,228,890Expenses 2022: $569,420Net Income 2022: $659,4702022Revenue 2023: $1,460,697Expenses 2023: $2,735,349Net Income 2023: -$1,274,6522023Revenue 2024: $1,345,731Expenses 2024: $2,180,403Net Income 2024: -$834,6722024

Highlighted filing

2024

Revenue$1,345,731
Expenses$2,180,403
Net Income-$834,672

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$3.18$2.19$1.35$2.18$0.83
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$2.16$1.36$1.46$2.74$1.27
2022Detailed filing. Detailed filing data is available for this year.$0.54$0.62$0.08$1.23$0.57$0.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.99$0.74$0.77$0.15$0.62
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$1.79$1.36$0.55$0.12$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$0.66$0.64$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.00$0.12$0.80$0.84$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.00$0.17$0.82$0.86$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.00$0.20$0.77$0.71$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$0.50$0.49$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.30$0.26$0.04
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$0.34$0.33$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,960,540
Mission and Program Overview

Mission

The greg olsen foundation was established in 2009 to provide hospitals, doctors and scholars the resources necessary to enhance the lives of those affected by various forms of cancer and cardiovascular diseases or disorders. We partner with local and national organizations in our pursuit to discover a cure for these debilitating diseases. It's our goal to make sure everyone has a second chance in life.

Provide the resources necessary to enhance the lives of those affected with debilitating diseases.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$680,251$682,102▲ $1,851
Savings and Temporary Cash Investments$29,872$190,217▲ $160,345
Inventories for Sale or Use$39,578$19,926▼ $19,652
Pledges and Grants Receivable$20,000$19,600▼ $400
Total Assets$801,488$986,165▲ $184,677
Other Assets Total$31,787$74,320▲ $42,533
Liabilities
Other Liabilities$2,160,986$3,180,335▲ $1,019,349
Total Liabilities$2,160,986$3,180,335▲ $1,019,349
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,359,498$-2,194,170▼ $834,672
Total Net Assets Fund Balance$-1,359,498$-2,194,170▼ $834,672
Total Liabilities and Net Assets / Fund Balance$801,488$986,165▲ $184,677

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$62,836--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Molly AnsbroExecutive DirectorFT$97,728$97,728
Deborah DooleyControllerPT$18,000$18,000
Kristen McculloughDirector of CommunicationsPT$12,000$12,000

Board Members and Trustees

NameTitle
Gregory W OlsenFounder/chairman
Amy Levine DawsonBoard Member
Donald RobbinsBoard Member
Doug PorterBoard Member
Jose ArmarioBoard Member
Natalie StewartBoard Member
William CulpBoard Member
Susan OlsenDirector of Community Outreach
Kara OlsenCo-founder
Revenue and Support

Revenue Composition

Contributions and Grants
$1,770,245
Program Service Revenue
$0
Investment Income
$26,699
Other Revenue
$-451,213
All Other Contributions
$512,963
Change in Net Assets
$-834,672

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$190,843TREAS. REG #20.2031-2
Total Noncash Contributions1$190,843-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,926,029
Revenue Not Reported on Financial Statements
$-580,298
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-580,630
Total Revenue per Audited Statements
$1,926,029
Total Revenue per Form 990
$1,345,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,896,772
Salaries, Compensation, and Employee Benefits$164,897
Other Expenses$118,734
Total Fundraising Expense$1,872
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,896,772--$1,896,772
Current Officers, Directors, Trustees, and Key Employees$161,599$1,649$1,649$164,897
Fees for Services Accounting-$34,425-$34,425
Advertising-$16,701-$16,701
Office Expenses-$7,488-$7,488
Insurance-$4,702-$4,702
Information Technology$1,785$223$223$2,231
Other Expenses-$1,558-$1,558
Fees for Service Investment Mgmnt Fees-$332-$332
Total Functional Expenses$2,060,156$118,375$1,872$2,180,403

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,760,701
Total Expenses per Form 990$2,180,403
Expenses per Audited Statements$2,180,071
Expenses Not Reported on Form 990$580,630
Expenses Not Reported on Financial Statements$332
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Medical University of South Carolina (musc) Foundation--Cancer & Medical Research$1,656,510
Atrium Health--Cancer & Medical Research$215,212
Ronald Mcdonald House--Cancer & Medical Recovery$22,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$580,630
Fundraising Gross Income$163,283
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Kiawah Celebrity Golf$659,001$77,875$280,357$-202,482
Heartest Yard Gala$457,653$15,000$26,032$-11,032
Total Events$1,420,565$163,283$580,628$-417,345
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unconditional Promise to Give, Less Current Portion$2,017,360
Unconditional Promises to Give$1,100,000
Operating Lease Liability, Current Portion$62,975
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 2

Kara olsen, board chair (wife to founder); sue olsen, director (mother to founder, mother to executive director); kristen mccollough, director of communications (founder's sister-in-law).

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

Distributed to board members prior to filing.

Form 990, Part VI, Section B, Line 12C

Organization requires that potential conflicts of interest be disclosed annually and on an ongoing basis.

Form 990, Part VI, Section C, Line 19

Any request for the documents will be honored.

Filing and Contact Details

Filer

Filer Name
Receptions for Research
EIN
27-0843891
Phone
4074014534
Address
200 E LAS OLAS BLVD STE 1550, FT LAUDERDALE, FL 33301

Signing Officer

Name
Greg Olsen
Title
Founder
Phone
4074014534
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Olsen
Formed
2009
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
9
Employees
2
Volunteers
50

Preparer

Firm
Corient Tax LLC
Address
PO BOX 1510, NEW YORK, NY 10150
Preparer
Andrea Nodoro
Phone
2125836001
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation has been recognized by the internal revenue service ("irs") as an organization that is exempt from federal income taxes under internal revenue code ("irc") section 501(c)(3) and is further classified as a public charity under irc section 509(a)(2). No provision has been made for income taxes in the financial statements. Furthermore, the foundation believes that it has appropriate support for any tax position taken, and as such, does not have any uncertain positions. Generally, the foundation is not subject to us federal income tax examinations by tax authorities for three years from the date of filing.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Program expenses included as other revenue

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Program expenses included as other revenue

Raw XML AppendixShowing 400 of 515 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE THE RESOURCES NECESSARY TO ENHANCE THE LIVES OF THOSE AFFECTED WITH DEBILITATING DISEASES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt016701
IRS990/AdvertisingGrp/TotalAmt016701
IRS990/AllOtherContributionsAmt0512963
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RECEPTIONS FOR RESEARCH
IRS990/BooksInCareOfDetail/PhoneNum04074014534
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 E LAS OLAS BLVD STE 1550
IRS990/BooksInCareOfDetail/USAddress/CityNm0FT LAUDERDALE
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IRS990/CollectionsOfArtInd00
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IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0161599
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IRS990/CompensationFromOtherSrcsInd00
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IRS990/CostOfGoodsSoldAmt033866
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01770245
IRS990/CYGrantsAndSimilarPaidAmt01896772
IRS990/CYInvestmentIncomeAmt026699
IRS990/CYOtherExpensesAmt0118734
IRS990/CYOtherRevenueAmt0-451213
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-834672
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IRS990/Form990PartVIISectionAGrp/PersonNm0GREGORY W OLSEN
IRS990/Form990PartVIISectionAGrp/PersonNm1KARA OLSEN
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF COMMUNITY OUTREACH
IRS990/Form990PartVIISectionAGrp/TitleTxt3CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01960540
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0223
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0223
IRS990/InformationTechnologyGrp/ProgramServicesAmt01785
IRS990/InformationTechnologyGrp/TotalAmt02231
IRS990/InsuranceGrp/ManagementAndGeneralAmt04702
IRS990/InsuranceGrp/TotalAmt04702
IRS990/InventoriesForSaleOrUseGrp/BOYAmt039578
IRS990/InventoriesForSaleOrUseGrp/EOYAmt019926
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027012
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt027012
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0313
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE GREG OLSEN FOUNDATION WAS ESTABLISHED IN 2009 TO PROVIDE HOSPITALS, DOCTORS AND SCHOLARS THE RESOURCES NECESSARY TO ENHANCE THE LIVES OF THOSE AFFECTED BY VARIOUS FORMS OF CANCER AND CARDIOVASCULAR DISEASES OR DISORDERS. WE PARTNER WITH LOCAL AND NATIONAL ORGANIZATIONS IN OUR PURSUIT TO DISCOVER A CURE FOR THESE DEBILITATING DISEASES. IT IS OUR GOAL TO MAKE SURE EVERYONE HAS A SECOND CHANCE IN LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1359498
IRS990/NetAssetsOrFundBalancesEOYAmt0-2194170
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-313
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-313
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-417347
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-417347
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-33866
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-33866
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1359498
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2194170
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07488
IRS990/OfficeExpensesGrp/TotalAmt07488
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt031787
IRS990/OtherAssetsTotalGrp/EOYAmt074320
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RENT
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt041118
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110179
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21558
IRS990/OtherExpensesGrp/TotalAmt041118
IRS990/OtherExpensesGrp/TotalAmt110179
IRS990/OtherExpensesGrp/TotalAmt21558
IRS990/OtherLiabilitiesGrp/BOYAmt02160986
IRS990/OtherLiabilitiesGrp/EOYAmt03180335
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt019600
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GREG OLSEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0IN JULY 2023, THE FOUNDATION EXECUTED A PLEDGE COMMITMENT AGREEMENT WITH ATRIUM HEALTH TO SUPPORT THE CONTINUED DEVELOPMENT OF THE HEARTEST YARD CONGENITAL HEART CENTER. THE FOUNDATION PLEDGED $2,500,000 IN YEARLY INSTALLMENTS OF $500,000, WITH PAYMENTS COMMENCING IN 2024.THE GRANT WILL SUPPORT THE CENTER'S SPECIALIZED CARE PROGRAMS, SUCH AS THE NEURODEVELOPMENTAL PROGRAM, CHILDREN'S HIGH-ACUITY MONITORING PROGRAM (CHAMP) AND THE PEDIATRIC FONTAN CLINIC, WHICH PROVIDES ONGOING, HOLISTIC CARE TO PATIENTS WHO HAVE HAD A FONTAN PROCEDURE. IN ADDITION, THE DONATION WILL HELP DRIVE INNOVATION IN EDUCATION AND CARDIOVASCULAR CARE DELIVERY THROUGH THE ESTABLISHMENT OF AN ENDOWED CHAIR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0233775
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0215212
IRS990/ProgSrvcAccomActy3Grp/Desc0IN JANUARY 2024, THE FOUNDATION EXECUTED PLEDGE COMMITMENT WITH THE MEDICAL UNIVERSITY OF SOUTH CAROLINA'S SJCH HEART CENTER, WHERE THE FOUNDATION PLEDGED $1,800,000 IN YEARLY INSTALLMENTS OVER FIVE YEARS STARTING IN 2024.THE GOAL OF THIS PROGRAM IS TO BE ABLE TO PROVIDE MENTAL HEALTH SERVICES TO PATIENTS, FAMILIES AND STAFF OF THE PEDIATRIC HEART CENTER AT SJCH. THIS INCLUDES BUT NOT LIMITED TO AN INPATIENT PSYCHOLOGIST, ADVANCED PRACTICE PRACTITIONER COORDINATOR FOR INPATIENT AND OUTPATIENT PATIENTS AND RESOURCES TOWARD OUR MATERNAL FETAL MONITORING PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01799390
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01656510
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02550
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt02550
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01786138
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02447220
IRS990/PYInvestmentIncomeAmt015775
IRS990/PYOtherExpensesAmt0132167
IRS990/PYOtherRevenueAmt0-341216
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1274652
IRS990/PYSalariesCompEmpBnftPaidAmt0155962
IRS990/PYTotalExpensesAmt02735349
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01460697
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-834672
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt029872
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0190217
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0577816
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0718800
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0331000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0293779
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0405000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt02326395
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01770245
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01786138
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01081099
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0573684
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0553897
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05765063
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.59650
IRS990ScheduleA/PublicSupportPY509Pct00.55920
IRS990ScheduleA/PublicSupportTotal509Amt03438668
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0577816
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0718800
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0331000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0293779
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0405000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02326395
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01770245
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01786138
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01081099
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0573684
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0553897
IRS990ScheduleA/Total509Grp/TotalAmt05765063
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01770245
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01786138
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01081099
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0573684
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0553897
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05765063
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt0580630
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0332
IRS990ScheduleD/ExpensesSubtotalAmt02180071
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0332
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0332
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011484
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt162836
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER CURRENT ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING LEASE, RIGHT OF USE ASSET, NET
IRS990ScheduleD/OtherExpensesIncludedAmt0580630
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt162975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22017360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNCONDITIONAL PROMISES TO GIVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY, CURRENT PORTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNCONDITIONAL PROMISE TO GIVE, LESS CURRENT PORTION
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-580630
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-580298
IRS990ScheduleD/RevenueSubtotalAmt01926029
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE ("IRS") AS AN ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS FURTHER CLASSIFIED AS A PUBLIC CHARITY UNDER IRC SECTION 509(A)(2). NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. FURTHERMORE, THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN POSITIONS. GENERALLY, THE FOUNDATION IS NOT SUBJECT TO US FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS FROM THE DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PROGRAM EXPENSES INCLUDED AS OTHER REVENUE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PROGRAM EXPENSES INCLUDED AS OTHER REVENUE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt074320
IRS990ScheduleD/TotalExpensesPerForm990Amt02180403
IRS990ScheduleD/TotalLiabilityAmt03180335
IRS990ScheduleD/TotalRevenuePerForm990Amt01345731
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01926029
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02760701
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt01257282
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0581126
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0442653
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt0233503
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0580628
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt021566
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt02390
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt023956
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0KIAWAH CELEBRITY GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0HEARTEST YARD GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt040362
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt015000
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt068204
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0123566
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0659001
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0457653
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0303911
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt01420565
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt077875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt015000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt070408
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0163283
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-417345
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt025872
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt03337
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt029209
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt083028
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0389417
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0280357
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt026032
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt014480
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt014480
IRS990ScheduleI/GrantRecordsMaintainedInd00

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