Civic Intelligence

Project Heart

990EZ • Fiscal year 2022 • EIN 47-4824100

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 07, 2023

761 Old Hickory Blvd Ste 301Brentwood, TN 37027

(615) 866-0167

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

90th percentile

55%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

76th percentile

29%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

33rd percentile

-7.8%

Faster revenue growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$108,528

Up $24,124 (+29%) from 2021

Net Assets

Up

$108,528

Up $24,124 (+29%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$44,175

Down $3,753 (-7.8%) from 2021

Expenses

Down

$20,051

Down $32,129 (-62%) from 2021

Net Income

Up

$24,124

Up $28,376 (+667%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2017: $67,558Net Assets 2017: $67,5582017Assets 2018: $127,972Liabilities 2018: $0Net Assets 2018: $127,9722018Assets 2019: $112,481Liabilities 2019: $0Net Assets 2019: $112,4812019Assets 2020: $88,656Liabilities 2020: $0Net Assets 2020: $88,6562020Assets 2021: $84,404Liabilities 2021: $0Net Assets 2021: $84,4042021Assets 2022: $108,528Liabilities 2022: $0Net Assets 2022: $108,5282022Assets 2023: $121,172Liabilities 2023: $0Net Assets 2023: $121,1722023Assets 2024: $23,994Liabilities 2024: $0Net Assets 2024: $23,9942024

Highlighted filing

2022

Assets$108,528
Liabilities$0
Net Assets$108,528

Operations Trend

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

$200K$100K$0-$100KRevenue 2017: $103,360Expenses 2017: $45,886Net Income 2017: $57,4742017Revenue 2018: $196,107Expenses 2018: $135,693Net Income 2018: $60,4142018Revenue 2019: $155,603Expenses 2019: $171,594Net Income 2019: -$15,9912019Revenue 2020: $69,282Expenses 2020: $93,107Net Income 2020: -$23,8252020Revenue 2021: $47,928Expenses 2021: $52,180Net Income 2021: -$4,2522021Revenue 2022: $44,175Expenses 2022: $20,051Net Income 2022: $24,1242022Revenue 2023: $24,510Expenses 2023: $11,866Net Income 2023: $12,6442023Revenue 2024: $23,777Expenses 2024: $120,955Net Income 2024: -$97,1782024

Highlighted filing

2022

Revenue$44,175
Expenses$20,051
Net Income$24,124
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 7, 2023
Return Version
2022v4.1
Gross Receipts
$44,175
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
CONGENITAL HEART DISEASE (CHD) IS WHEN THE HEART DOES NOT DEVELOP PROPERLY BEFORE BIRTH. IT IS THE NUMBER ONE BIRTH DEFECT AND MOST COMMON CAUSE OF INFANT MORTALITY. CONT. BELOW.$10,000$10,300
PROGRAM SERVICES ARE DIRECTED TOWARD RESEARCH RELATED TO CHD, AS WELL AS EFFORTS TO EDUCATE AND CREATE AWARENESS IN THE COMMUNITY.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID T THAYERPresident Co-FounderPT$0--
ERICA THAYERVice President Co-FounderPT$0--
MEAGAN HOOPERDirector-$0--
BRIANA SHANKDirector-$0--
CONNOR SHANKDirector-$0--
THOMAS DOYLEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Project Heart
EIN
47-4824100
Address
761 OLD HICKORY BLVD STE 301, BRENTWOOD, TN 37027

Signing Officer

Name
David T Thayer
Title
President
Phone
6152585562
Signed
2023-03-07
Discuss with paid preparer
Yes

Preparer

Firm
H A Beasley and Company PLLC
Address
111 MTCS Road, Murfreesboro, TN 37129
Preparer
Bryan Blair
Phone
6158955675
Supplemental Narrative

Additional Explanations

General explanation attachment

Mission - project heart exists to fund chd research to improve surgical outcomes for children with heart defects. We want to see treatments refined to result in quicker recovery times, shorter hospital stays and more children living long into adulthood. Much researh is still needed to help thousands of children across the nation living with chd. When you donate to chd research, you change lives.

List of grants and similar amounts paid Part I line 10

Activity machine learning to iprove interstage risk predic grantee vanderbilt university medical ctr street 3319 west end avenue city, state, zip nashville, tn 37203relationship none amount 10,000

Description of other expenses Part I line 16

Description amountbank & processing fees 456insurance 1,961legal and tax expenses 116office supplies 292fundraising expenses 2,839education and awareness 300

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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/ExplanationTxt0MISSION - PROJECT HEART EXISTS TO FUND CHD RESEARCH TO IMPROVE SURGICAL OUTCOMES FOR CHILDREN WITH HEART DEFECTS. WE WANT TO SEE TREATMENTS REFINED TO RESULT IN QUICKER RECOVERY TIMES, SHORTER HOSPITAL STAYS AND MORE CHILDREN LIVING LONG INTO ADULTHOOD. MUCH RESEARH IS STILL NEEDED TO HELP THOUSANDS OF CHILDREN ACROSS THE NATION LIVING WITH CHD. WHEN YOU DONATE TO CHD RESEARCH, YOU CHANGE LIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY MACHINE LEARNING TO IPROVE INTERSTAGE RISK PREDIC GRANTEE VANDERBILT UNIVERSITY MEDICAL CTR STREET 3319 WEST END AVENUE CITY, STATE, ZIP NASHVILLE, TN 37203RELATIONSHIP NONE AMOUNT 10,000
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