Civic Intelligence

Enduring Hearts Inc.

990 • Fiscal year 2017 • EIN 46-2665745

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 20, 2018

3600 Dallas Highway SW Pmb 350Marietta, GA 30064

(770) 315-5837

Siviq Scores

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

Liabilities / Assets

49th percentile

0.16x

Higher debt load relative to assets than 49% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

1.02x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

7th percentile

-38%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

98th percentile

241%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

113%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$6,845,228

Up $4,836,326 (+241%) from 2016

Net Assets

Up

$5,769,350

Up $3,980,320 (+222%) from 2016

Liabilities

Up

$1,075,878

Up $856,006 (+389%) from 2016

Revenue

Up

$1,052,213

Up $557,207 (+113%) from 2016

Expenses

Up

$1,450,161

Up $1,115,210 (+333%) from 2016

Net Income

Down

-$397,948

Down $558,003 (-349%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $60,521Liabilities 2013: $12013Assets 2014: $2,187,238Liabilities 2014: $1,833,433Net Assets 2014: $353,8052014Assets 2015: $1,964,919Liabilities 2015: $213,620Net Assets 2015: $1,751,2992015Assets 2016: $2,008,902Liabilities 2016: $219,872Net Assets 2016: $1,789,0302016Assets 2017: $6,845,228Liabilities 2017: $1,075,878Net Assets 2017: $5,769,3502017Assets 2018: $2,669,755Liabilities 2018: $1,205,756Net Assets 2018: $1,463,9992018Assets 2019: $3,999,768Liabilities 2019: $1,752,158Net Assets 2019: $2,247,6102019Assets 2020: $4,712,708Liabilities 2020: $2,046,619Net Assets 2020: $2,666,0892020Assets 2021: $4,514,675Liabilities 2021: $1,900,851Net Assets 2021: $2,613,8242021Assets 2022: $4,146,405Liabilities 2022: $2,364,127Net Assets 2022: $1,782,2782022Assets 2023: $3,524,260Liabilities 2023: $1,811,832Net Assets 2023: $1,712,4282023Assets 2024: $4,280,780Liabilities 2024: $2,682,000Net Assets 2024: $1,598,7802024

Highlighted filing

2017

Assets$6,845,228
Liabilities$1,075,878
Net Assets$5,769,350

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $92,156Expenses 2013: $31,636Net Income 2013: $60,5202013Revenue 2014: $285,106Expenses 2014: $153,350Net Income 2014: $131,7562014Revenue 2015: $1,941,173Expenses 2015: $443,800Net Income 2015: $1,497,3732015Revenue 2016: $495,006Expenses 2016: $334,951Net Income 2016: $160,0552016Revenue 2017: $1,052,213Expenses 2017: $1,450,161Net Income 2017: -$397,9482017Revenue 2018: $1,629,149Expenses 2018: $1,049,280Net Income 2018: $579,8692018Revenue 2019: $2,478,990Expenses 2019: $1,893,104Net Income 2019: $585,8862019Revenue 2020: $2,152,158Expenses 2020: $1,786,525Net Income 2020: $365,6332020Revenue 2021: $1,999,139Expenses 2021: $2,106,543Net Income 2021: -$107,4042021Revenue 2022: $2,227,411Expenses 2022: $2,869,602Net Income 2022: -$642,1912022Revenue 2023: $1,423,478Expenses 2023: $1,647,448Net Income 2023: -$223,9702023Revenue 2024: $2,532,416Expenses 2024: $2,786,892Net Income 2024: -$254,4762024

Highlighted filing

2017

Revenue$1,052,213
Expenses$1,450,161
Net Income-$397,948
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 20, 2018
Return Version
2017v2.3
Gross Receipts
$2,190,693
Mission and Program Overview

Mission

Enduring hearts funds important and innovative research to increase the longevity of organ transplants and improve the quality of life for transplant recipients. Enduring hearts has a strong preference towards research that benefits pediatric heart transplant receipients.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,630,346$6,197,454▲ $4,567,108
Pledges and Grants Receivable-$287,971-
Cash and Non-Interest-Bearing Accounts$235,026$148,271▼ $86,755
Savings and Temporary Cash Investments$47,766--
Accounts Receivable$3,299$4,939▲ $1,640
Intangible Assets$10,397$3,050▼ $7,347
Prepaid Expenses and Deferred Charges$2,356--
Total Assets$2,008,902$6,845,228▲ $4,836,326
Other Assets Total$79,712$203,543▲ $123,831
Liabilities
Grants Payable$219,688$862,195▲ $642,507
Other Liabilities-$206,028-
Accounts Payable and Accrued Expenses$184$7,655▲ $7,471
Total Liabilities$219,872$1,075,878▲ $856,006
Net Assets / Fund Balance
Unrestricted Net Assets$1,789,030$5,586,439▲ $3,797,409
Temporarily Rstr Net Assets-$182,911-
Total Net Assets Fund Balance$1,789,030$5,769,350▲ $3,980,320
Total Liabilities and Net Assets / Fund Balance$2,008,902$6,845,228▲ $4,836,326

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,257,962--
Closely Held Equity Interests$101,542--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ankur ChatterjeePresident
Alok GuptaDirector
Audrey CallahanDirector
Avi YashchinDirector
Derek CunninghamDirector
Jennifer KjellgrenDirector
Jim MarinoDirector
John HawkinsDirector
Keely FunkhouserDirector
Kelley GreyDirector
Lisa KolbDirector
Madelyn GahanDirector
Ronald HermanDirector
Scott SmithDirector
Stephen OchsDirector
Patrick GahanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,022,412
Program Service Revenue
$0
Investment Income
$105,526
Other Revenue
$-75,725
All Other Contributions
$1,022,412
Change in Net Assets
$-397,948

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 Amount
Securities Closely Held Stock1$404,750
Other Non Cash Contri Table1$10,117
Total Noncash Contributions2$414,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,212,028
Other Expenses$238,133
Total Fundraising Expense$51,857
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,031,014--$1,031,014
Foreign Grants$181,014--$181,014
Advertising$14,268-$21,402$35,670
Fees for Services Other$26,723--$26,723
Fees for Service Investment Mgmnt Fees-$18,668-$18,668
Fees for Services Legal$4,453$3,015$2,969$10,437
Other Expenses$40,340$63,328$9,947$9,947
Fees for Services Accounting$2,622$3,496$2,622$8,740
Travel$1,300$2,135$1,300$4,735
Fees for Services Management$2,261-$2,261$4,522
Insurance-$2,754-$2,754
Office Expenses$609$304-$913
Total Functional Expenses$1,304,604$93,700$51,857$1,450,161
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Inova Health Care ServicesFalls Church, VA501c3Medical Research$247,769
Vanderbilt University Medical CenteNashville, TN501c3Medical Research$199,467
Medical University of South CarolinCharleston, SC501c3Medical Research$119,292
Stanford UniversityPalo Alto, CA501c3Medical Research$115,055
Program Service Expensesgrants - O---$110,865
Arizona State UniversityTempe, AZGovMedical Research$82,080
University of California at Los AngLos Angeles, CAGovMedical Research$80,000
University of WashingtonSeattle, WAGovMedical Research$56,052
Massachusetts General Hopsital at HBoston, MA501c3Medical Research$40,000

International Summary

Spending
$181,014

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrantmakingMedical Research--$181,014
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$180,300
Fundraising Direct Expenses$50,944
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Whiskey Tasting$180,300$180,300$50,944$129,356
Total Events$180,300$180,300$50,944$129,356
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
481(a) Deferred Tax Revenue$206,028
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Page 6, Part VI, Line 2

Patrick gahan madelyn gahan married

Form 990, Page 6, Part VI, Line 8A

NO

Form 990, Page 6, Part VI, Line 8B

NO

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

The president, chairman, and treasurer will review the 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

Board members are required to review the conflict of interest policy and bring potential conflicts to light when appropriate and necessary.

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

The board reviews after using public salary comparisons for comparable positions at comparable sized entities.

Form 990, Page 6, Part VI, Line 18

The federal 990 is also available on guidestar

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Enduring Hearts Inc
EIN
46-2665745
Phone
7703155837
Address
3600 DALLAS HIGHWAY SW PMB 350, MARIETTA, GA 30064

Signing Officer

Name
Ankur Chatterjee
Title
President
Phone
7703155837
Signed
2018-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ankur Chatterjee
Formed
2013
Legal Domicile
Ga
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
25

Preparer

Firm
Ageefisherbarrett LLC
Address
750 HAMMOND DR NE BLDG 17, ATLANTA, GA 30328
Preparer
Tracy Barrett
Phone
4042504570
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Enduring hearts funds important and innovative research to increase the longevity of organ transplants and improve the quality of life for transplant recipients. Enduring hearts has a strong preference towards research that benefits pediatric heart transplant receipients.

Form 990, Part XI, Line 9

Prior perirod adjustments made to adjust investment in privately held corporation to appraised fair market value as of 12/31/2017 performed by 3rd party specialist.

Form 990, Page 12, Part XII, Line 1

Accounting method changing from cash to accrual to better reflect organizations financial position

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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/MissionDesc0ENDURING HEARTS FUNDS IMPORTANT AND INNOVATIVE RESEARCH TO INCREASE THE LONGEVITY OF ORGAN TRANSPLANTS AND IMPROVE THE QUALITY OF LIFE FOR TRANSPLANT RECIPIENTS. ENDURING HEARTS HAS A STRONG PREFERENCE TOWARDS RESEARCH THAT BENEFITS PEDIATRIC HEART TRANSPLANT RECEIPIENTS.
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IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER ASSETS:SIONIC MOBILE WARRANTS
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MEDICAL RESEARCH
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTMAKING
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0RESEARCH
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0NORTH AMERICA 181,014 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
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