Civic Intelligence

The Society for Cardiovascular Therapy Inc

EIN 46-4171558 • 501(c)3 • Salt Lake City, UT

990-N Coverage

Profile

The society will seek to advance the practice of cardiovascular surgery and intervention through education, scholarship, and research by encouraging collaboration, innovation, and excellence by forming an organization through which cardiovascular professionals may associate; by educating members in cardiovascular surgery and intervention through conferences, courses, symposia, and the publication of articles, bulletins, periodicals, and other methodologies or formats as deemed appropriate by the corporation; by enhancing the development and exchange of scientific information and other matters of professional, technical, and ethical interest relating to the practice of cardiovascular surgery and intervention; and by doing all things necessary or appropriate in order to accomplish the foregoing purposes.

1160 East 3900 South Ste 3500Salt Lake City, UT 84124
Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2015

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2015

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

45th percentile

-5.1%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$40,362

Down $2,187 (-5.1%) from 2014

Liabilities

Flat

$0

Flat from 2014

Net Assets

Down

$40,362

Down $2,187 (-5.1%) from 2014

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $65,000 (-100%) from 2014

Expenses

Down

$2,187

Down $20,264 (-90%) from 2014

Net Income

Down

-$2,187

Down $44,736 (-105%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

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

$60K$40K$20K$0Assets 2014: $42,549Liabilities 2014: $0Net Assets 2014: $42,5492014Assets 2015: $40,362Liabilities 2015: $0Net Assets 2015: $40,3622015

Highlighted filing

2015

Assets$40,362
Liabilities$0
Net Assets$40,362
Open 2015 Filing

Operations Trend

Revenue Growth3rd percentile

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

$80K$60K$40K$20K$0-$20KRevenue 2014: $65,000Expenses 2014: $22,451Net Income 2014: $42,5492014Revenue 2015: $0Expenses 2015: $2,187Net Income 2015: -$2,1872015

Highlighted filing

2015

Revenue$0
Expenses$2,187
Net Income-$2,187
Open 2015 Filing

Filings

Most recent year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,362
Liabilities
$0
Net assets
$40,362
Revenue
$0
Expenses
$2,187
Net income
-$2,187
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$40.4$0.00$40.4$0.00$2.19$2.19
2014Detailed filing. Detailed filing data is available for this year.$42.5$0.00$42.5$65.0$22.5$42.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 21, 2016
Return Version
2015v2.1
Gross Receipts
$0
Mission and Program Overview

Mission

The society will seek to advance the practice of cardiovascular surgery and intervention through education, scholarship, and research by encouraging collaboration, innovation, and excellence by forming an organization through which cardiovascular professionals may associate; by educating members in cardiovascular surgery and intervention through conferences, courses, symposia, and the publication of articles, bulletins, periodicals, and other methodologies or formats as deemed appropriate by the corporation; by enhancing the development and exchange of scientific information and other matters of professional, technical, and ethical interest relating to the practice of cardiovascular surgery and intervention; and by doing all things necessary or appropriate in order to accomplish the foregoing purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$37,999$36,904▼ $1,095
Intangible Assets$4,550$3,458▼ $1,092
Total Assets$42,549$40,362▼ $2,187
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$42,549$40,362▼ $2,187
Total Net Assets Fund Balance$42,549$40,362▼ $2,187
Total Liabilities and Net Assets / Fund Balance$42,549$40,362▼ $2,187
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Gilbert Schorlemmer MdPresident
H Edward Garrett MdDirector
Hani Shennib MdDirector
Joshua D Rovin MdDirector
Michael J Reardon MdDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$1,092-$1,092
Fees for Services Legal-$1,092-$1,092
Other Expenses-$3-$3
Total Functional Expenses$0$2,187$0$2,187
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 6

“The corporation is organized with active, honorary, associated, resident, career scientist and retired members.”

Form 990, Page 6, Part VI, Line 7A

“The board is elected by the voting members of the corporation”

Form 990, Page 6, Part VI, Line 9

“Joshua d rovin md 6006 49th st n saint petersburg, fl 33709 h edward garrett md 6029 walnut grove rd, suite 401 memphis, tn 38120 michael j reardon md 6550 fannin st, suite 1401 houston, tx 77030”

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

“The board of directors reviews and approves the form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The Society for Cardiovascular
EIN
46-4171558
Phone
8012096206
Address
1160 EAST 3900 SOUTH STE 3500, SALT LAKE CITY, UT 84124

Signing Officer

Name
Gilbert Schorlemmer Md
Title
President
Phone
8012096206
Signed
2016-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gilbert Schorlemmer Md
Formed
2014
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Adam Smith CPA LLC
Address
7410 SOUTH CREEK ROAD SUITE 101, SANDY, UT 84093
Preparer
Hans Nievaard CPA
Phone
8014952533
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The society will seek to advance the practice of cardiovascular surgery and intervention through education, scholarship, and research by encouraging collaboration, innovation, and excellence by forming an organization through which cardiovascular professionals may associate; by educating members in cardiovascular surgery and intervention through conferences, courses, symposia, and the publication of articles, bulletins, periodicals, and other methodologies or formats as deemed appropriate by the corporation; by enhancing the development and exchange of scientific information and other matters of professional, technical, and ethical interest relating to the practice of cardiovascular surgery and intervention; and by doing all things necessary or appropriate in order to accomplish the foregoing purposes.”

Raw XML Appendix241 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOCIETY WILL SEEK TO ADVANCE THE PRACTICE OF CARDIOVASCULAR SURGERY AND INTERVENTION THROUGH EDUCATION, SCHOLARSHIP, AND RESEARCH BY ENCOURAGING COLLABORATION, INNOVATION, AND EXCELLENCE BY FORMING AN ORGANIZATION THROUGH WHICH CARDIOVASCULAR PROFESSIONALS MAY ASSOCIATE; BY EDUCATING MEMBERS IN CARDIOVASCULAR SURGERY AND INTERVENTION THROUGH CONFERENCES, COURSES, SYMPOSIA, AND THE PUBLICATION OF ARTICLES, BULLETINS, PERIODICALS, AND OTHER METHODOLOGIES OR FORMATS AS DEEMED APPROPRIATE BY THE CORPORATION; BY ENHANCING THE DEVELOPMENT AND EXCHANGE OF SCIENTIFIC INFORMATION AND OTHER MATTERS OF PROFESSIONAL, TECHNICAL, AND ETHICAL INTEREST RELATING TO THE PRACTICE OF CARDIOVASCULAR SURGERY AND INTERVENTION; AND BY DOING ALL THINGS NECESSARY OR APPROPRIATE IN ORDER TO ACCOMPLISH THE FOREGOING PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS ORGANIZED WITH ACTIVE, HONORARY, ASSOCIATED, RESIDENT, CAREER SCIENTIST AND RETIRED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS ELECTED BY THE VOTING MEMBERS OF THE CORPORATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3JOSHUA D ROVIN MD 6006 49TH ST N SAINT PETERSBURG, FL 33709 H EDWARD GARRETT MD 6029 WALNUT GROVE RD, SUITE 401 MEMPHIS, TN 38120 MICHAEL J REARDON MD 6550 FANNIN ST, SUITE 1401 HOUSTON, TX 77030
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02016-12-15 16:53:06Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SOCIETY FOR CARDIOVASCULAR
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0THERAPY INC
ReturnHeader/Filer/BusinessNameControlTxt0SOCI
ReturnHeader/Filer/EIN0464171558
ReturnHeader/Filer/PhoneNum08012096206
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ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HANS NIEVAARD CPA
ReturnHeader/ReturnTs02016-08-01T11:15:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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