Civic Intelligence

Fetal Heart Society Inc

EIN 47-2144989 • 501(c)3 • Roseville, MN

Profile

Advance the art and science of fetal cardiovascular medicine including diagnosis, management, and treatment of cardiovascular conditions before birth and in the perinatal period. To improve the understanding of in-utero cardiovascular physiology by fostering scientific research, organized research collaboration, and mentorship for the benefit of patients. To educate medical and research professionals through scientific publications, education, and meetings.

1935 County Road B2 W Ste 165Roseville, MN 55113

www.fetalheartsociety.org

Siviq Scores

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

Liabilities / Assets

81st percentile

0.33x

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

91st percentile

0.79x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

84th percentile

36%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

88th percentile

51%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$516,067

Up $173,286 (+51%) from 2024

Liabilities

Up

$171,003

Up $95,053 (+125%) from 2024

Net Assets

Up

$345,064

Up $78,233 (+29%) from 2024

Revenue

Up

$215,476

Up $33,622 (+18%) from 2024

Expenses

Down

$137,243

Down $35,058 (-20%) from 2024

Net Income

Up

$78,233

Up $68,680 (+719%) from 2024

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2019: $81,968Liabilities 2019: $5,000Net Assets 2019: $76,9682019Assets 2020: $105,852Liabilities 2020: $0Net Assets 2020: $105,8522020Assets 2021: $140,508Liabilities 2021: $1,750Net Assets 2021: $138,7582021Assets 2022: $194,724Liabilities 2022: $15,000Net Assets 2022: $179,7242022Assets 2023: $297,294Liabilities 2023: $39,391Net Assets 2023: $257,9032023Assets 2024: $342,781Liabilities 2024: $75,950Net Assets 2024: $266,8312024Assets 2025: $516,067Liabilities 2025: $171,003Net Assets 2025: $345,0642025

Highlighted filing

2025

Assets$516,067
Liabilities$171,003
Net Assets$345,064

Operations Trend

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

$300K$200K$100K$0Revenue 2019: $124,760Expenses 2019: $96,027Net Income 2019: $28,7332019Revenue 2020: $76,671Expenses 2020: $47,787Net Income 2020: $28,8842020Revenue 2021: $136,099Expenses 2021: $103,193Net Income 2021: $32,9062021Revenue 2022: $150,232Expenses 2022: $109,266Net Income 2022: $40,9662022Revenue 2023: $221,614Expenses 2023: $125,935Net Income 2023: $95,6792023Revenue 2024: $181,854Expenses 2024: $172,301Net Income 2024: $9,5532024Revenue 2025: $215,476Expenses 2025: $137,243Net Income 2025: $78,2332025

Highlighted filing

2025

Revenue$215,476
Expenses$137,243
Net Income$78,233

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 17, 2025
Return Version
2024v5.0
Gross Receipts
$215,476
Mission and Program Overview

Mission

To advance the field of fetal cardiovascular care and science through collaborate research, education, and membership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$342,781$516,067▲ $173,286
Total Assets$342,781$516,067▲ $173,286
Liabilities
Deferred Revenue$15,000$170,950▲ $155,950
Accounts Payable and Accrued Expenses$60,950$53▼ $60,897
Total Liabilities$75,950$171,003▲ $95,053
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$266,831$345,064▲ $78,233
Total Net Assets Fund Balance$266,831$345,064▲ $78,233
Total Liabilities and Net Assets / Fund Balance$342,781$516,067▲ $173,286
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anita Moon-gradyPresident
Theresa TracyEducation of
Monae RedmondExecutive Di
Erik MichelfelderMember-at-la
Lindsay FreudMember-at-la
Reem Abu-rustum MdMember-at-la
Mary DonofrioPast Preside
Lisa HornbergerPublication
Shabnam PeyvandiResearch Off
Chris LindbladeSecretary
Bhawna AryaTreasurer
Nelangi PintoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$84,505
Program Service Revenue
$125,700
Investment Income
$5,271
Other Revenue
$0
All Other Contributions
$63,055
Change in Net Assets
$78,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,243
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
Information Technology$70,709--$70,709
Fees for Services Management-$51,250-$51,250
Conferences and Meetings$11,424--$11,424
Other Expenses-$1,515-$1,515
Fees for Services Other-$1,225-$1,225
Insurance-$688-$688
Office Expenses-$432-$432
Total Functional Expenses$82,133$55,110$0$137,243
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization has contracted with global management partners, llc to provide association management services to the organization. Fees paid for office space and association management services during the reporting year were 51,250. The organization's executive director is employed by global management partners, llc.

Form 990, Page 6, Part VI, Line 6

A. Active membership. Active membership is available to individuals holding a m.d., d.o., ph.d., or equivalent, or allied health care professionals. Admission to active membership is conditioned upon dues payment and participation in meetings and research collaborative projects. Each active member shall have a right to cast one (1) vote on every matter brought before the members. B. Affiliate membership. Affiliate membership is available to individuals holding a m.d., d.o., appropriate ph.d., or equivalent, allied health care professionals, or trainees. Admission to affiliate membership is conditioned upon payment of dues. Participation in meetings and research collaborative projects is encouraged but not required. Affiliate members do not have the right to vote. C. Emeritus membership. The board of directors may grant emeritus membership to individuals approved by the board. Emeritus members shall not be required to pay dues, and will not have the right to vote. D. Honorary membership. The board of directors may grant honorary membership to individuals approved by the board. Honorary members shall not be required to pay dues, and will not have the right to vote.

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

Elect volunteer leaders for open board seats.

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

The 990 is reviewed by the society's treasurer and executive director before it is filed.

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

A new disclosure is required annually for review by the board of directors.

Form 990, Page 6, Part VI, Line 19

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Fetal Heart Society Inc
EIN
47-2144989
Phone
9526462030
Address
1935 COUNTY ROAD B2 W STE 165, ROSEVILLE, MN 55113

Signing Officer

Name
Anita Moon-grady
Title
President
Phone
9525456208
Signed
2025-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monae Redmond
Formed
2014
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
30

Preparer

Firm
Murry & Associates LLC
Address
7575 GOLDEN VALLEY RD STE 119, GOLDEN VALLEY, MN 55427
Preparer
John Licht
Phone
7635469340
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Research: the fhs provides opportunities for individuals across institutions to collaborate and formulate research questions and analyze large volumes of multicenter data. This allows for meaningful results that can better shape the care and outcomes of these fetuses and children in the future. There are currently 20 active projects, with peer reviewed selection for research presentation at national and international conferences, an fhs research publication focused on socioeconomic determinants of fetal diagnosis of critical congenital heart disease, and several requests for fhs endorsement of guidelines. There are at 7 finalized fhs publications. Education: the fhs website is designed to have resources for those caring for families with fetal cardiovascular disease. Counseling guidance and fact sheets have been created and vetted by experts within the fhs and can be found on the website, so providers have a quick reference guide to counsel families on management and outcomes. The fhs has also hosted monthly educational webinars organized by leaders in our field focused on cutting-edge topics ranging from innovative therapies, ethics of fetal diagnosis, training strategies for the future, complex diagnoses, and other topics. These webinars are free of charge and have been an excellent international resource. The fhs has now had an annual symposium for 5 years straight with the most recent meeting november 2024 at phoenix children's fetal cardiology symposium in phoenix, az. Advocacy: the fhs is committed to advocacy for patients and families, as demonstrated by our first research publication focused on socioeconomic determinants of fetal diagnosis of critical congenital heart disease. Advocacy extends to career and program development for our members and their local teams. In the past year, the fhs has developed a mentorship committee for senior and junior team members to connect and learn from one another. The nursing committee focuses on the professional development of fetal cardiac nurses and works collaboratively to improve support for the families they care for. Finally, the fhs has recently formed a committee for fetal cardiology program leaders and qi initiatives, which will allow for improved standardization across centers for fetal cardiology program development with a collaborative, supportive community to share challenges and create solutions.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RESEARCH: THE FHS PROVIDES OPPORTUNITIES FOR INDIVIDUALS ACROSS INSTITUTIONS TO COLLABORATE AND FORMULATE RESEARCH QUESTIONS AND ANALYZE LARGE VOLUMES OF MULTICENTER DATA. THIS ALLOWS FOR MEANINGFUL RESULTS THAT CAN BETTER SHAPE THE CARE AND OUTCOMES OF THESE FETUSES AND CHILDREN IN THE FUTURE. THERE ARE CURRENTLY 20 ACTIVE PROJECTS, WITH PEER REVIEWED SELECTION FOR RESEARCH PRESENTATION AT NATIONAL AND INTERNATIONAL CONFERENCES, AN FHS RESEARCH PUBLICATION FOCUSED ON SOCIOECONOMIC DETERMINANTS OF FETAL DIAGNOSIS OF CRITICAL CONGENITAL HEART DISEASE, AND SEVERAL REQUESTS FOR FHS ENDORSEMENT OF GUIDELINES. THERE ARE AT 7 FINALIZED FHS PUBLICATIONS. EDUCATION: THE FHS WEBSITE IS DESIGNED TO HAVE RESOURCES FOR THOSE CARING FOR FAMILIES WITH FETAL CARDIOVASCULAR DISEASE. COUNSELING GUIDANCE AND FACT SHEETS HAVE BEEN CREATED AND VETTED BY EXPERTS WITHIN THE FHS AND CAN BE FOUND ON THE WEBSITE, SO PROVIDERS HAVE A QUICK REFERENCE GUIDE TO COUNSEL FAMILIES ON MANAGEMENT AND OUTCOMES. THE FHS HAS ALSO HOSTED MONTHLY EDUCATIONAL WEBINARS ORGANIZED BY LEADERS IN OUR FIELD FOCUSED ON CUTTING-EDGE TOPICS RANGING FROM INNOVATIVE THERAPIES, ETHICS OF FETAL DIAGNOSIS, TRAINING STRATEGIES FOR THE FUTURE, COMPLEX DIAGNOSES, AND OTHER TOPICS. THESE WEBINARS ARE FREE OF CHARGE AND HAVE BEEN AN EXCELLENT INTERNATIONAL RESOURCE. THE FHS HAS NOW HAD AN ANNUAL SYMPOSIUM FOR 5 YEARS STRAIGHT WITH THE MOST RECENT MEETING NOVEMBER 2024 AT PHOENIX CHILDREN'S FETAL CARDIOLOGY SYMPOSIUM IN PHOENIX, AZ. ADVOCACY: THE FHS IS COMMITTED TO ADVOCACY FOR PATIENTS AND FAMILIES, AS DEMONSTRATED BY OUR FIRST RESEARCH PUBLICATION FOCUSED ON SOCIOECONOMIC DETERMINANTS OF FETAL DIAGNOSIS OF CRITICAL CONGENITAL HEART DISEASE. ADVOCACY EXTENDS TO CAREER AND PROGRAM DEVELOPMENT FOR OUR MEMBERS AND THEIR LOCAL TEAMS. IN THE PAST YEAR, THE FHS HAS DEVELOPED A MENTORSHIP COMMITTEE FOR SENIOR AND JUNIOR TEAM MEMBERS TO CONNECT AND LEARN FROM ONE ANOTHER. THE NURSING COMMITTEE FOCUSES ON THE PROFESSIONAL DEVELOPMENT OF FETAL CARDIAC NURSES AND WORKS COLLABORATIVELY TO IMPROVE SUPPORT FOR THE FAMILIES THEY CARE FOR. FINALLY, THE FHS HAS RECENTLY FORMED A COMMITTEE FOR FETAL CARDIOLOGY PROGRAM LEADERS AND QI INITIATIVES, WHICH WILL ALLOW FOR IMPROVED STANDARDIZATION ACROSS CENTERS FOR FETAL CARDIOLOGY PROGRAM DEVELOPMENT WITH A COLLABORATIVE, SUPPORTIVE COMMUNITY TO SHARE CHALLENGES AND CREATE SOLUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS CONTRACTED WITH GLOBAL MANAGEMENT PARTNERS, LLC TO PROVIDE ASSOCIATION MANAGEMENT SERVICES TO THE ORGANIZATION. FEES PAID FOR OFFICE SPACE AND ASSOCIATION MANAGEMENT SERVICES DURING THE REPORTING YEAR WERE 51,250. THE ORGANIZATION'S EXECUTIVE DIRECTOR IS EMPLOYED BY GLOBAL MANAGEMENT PARTNERS, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A. ACTIVE MEMBERSHIP. ACTIVE MEMBERSHIP IS AVAILABLE TO INDIVIDUALS HOLDING A M.D., D.O., PH.D., OR EQUIVALENT, OR ALLIED HEALTH CARE PROFESSIONALS. ADMISSION TO ACTIVE MEMBERSHIP IS CONDITIONED UPON DUES PAYMENT AND PARTICIPATION IN MEETINGS AND RESEARCH COLLABORATIVE PROJECTS. EACH ACTIVE MEMBER SHALL HAVE A RIGHT TO CAST ONE (1) VOTE ON EVERY MATTER BROUGHT BEFORE THE MEMBERS. B. AFFILIATE MEMBERSHIP. AFFILIATE MEMBERSHIP IS AVAILABLE TO INDIVIDUALS HOLDING A M.D., D.O., APPROPRIATE PH.D., OR EQUIVALENT, ALLIED HEALTH CARE PROFESSIONALS, OR TRAINEES. ADMISSION TO AFFILIATE MEMBERSHIP IS CONDITIONED UPON PAYMENT OF DUES. PARTICIPATION IN MEETINGS AND RESEARCH COLLABORATIVE PROJECTS IS ENCOURAGED BUT NOT REQUIRED. AFFILIATE MEMBERS DO NOT HAVE THE RIGHT TO VOTE. C. EMERITUS MEMBERSHIP. THE BOARD OF DIRECTORS MAY GRANT EMERITUS MEMBERSHIP TO INDIVIDUALS APPROVED BY THE BOARD. EMERITUS MEMBERS SHALL NOT BE REQUIRED TO PAY DUES, AND WILL NOT HAVE THE RIGHT TO VOTE. D. HONORARY MEMBERSHIP. THE BOARD OF DIRECTORS MAY GRANT HONORARY MEMBERSHIP TO INDIVIDUALS APPROVED BY THE BOARD. HONORARY MEMBERS SHALL NOT BE REQUIRED TO PAY DUES, AND WILL NOT HAVE THE RIGHT TO VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ELECT VOLUNTEER LEADERS FOR OPEN BOARD SEATS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 IS REVIEWED BY THE SOCIETY'S TREASURER AND EXECUTIVE DIRECTOR BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A NEW DISCLOSURE IS REQUIRED ANNUALLY FOR REVIEW BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
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