Civic Intelligence

Heineman-Robicsek Foundation Inc

EIN 56-6023076 • 501(c)3 • Charlotte, NC

View Organization Page

Profile

To Provide research opportunities to acquire knowledge of the developments in medical care. To deliver used/refurbished medical equipment and offer educational assistance globally to promote sustainable health care and improve living standards in undeserved communities.

PO Box 35457Charlotte, NC 28235

www.heineman.org

Siviq Scores

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

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

27th percentile

0.08x

Higher debt load relative to revenue than 27% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

60th percentile

9.1%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $10M-$25M 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

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$12,773,162

Up $1,451,365 (+13%) from 2023

Liabilities

Up

$209,926

Up $115,169 (+122%) from 2023

Net Assets

Up

$12,563,236

Up $1,336,196 (+12%) from 2023

Operations
Liabilities / Revenue27th percentileNet Margin60th percentile

Revenue

Down

$2,607,106

Down $3,283,885 (-56%) from 2023

Expenses

Up

$2,371,066

Up $549,491 (+30%) from 2023

Net Income

Down

$236,040

Down $3,833,376 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

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

$15M$10M$5.0M$0Assets 2010: $5,761,871Liabilities 2010: $3,465Net Assets 2010: $5,758,4062010Assets 2011: $5,378,511Liabilities 2011: $4,158Net Assets 2011: $5,374,3532011Assets 2012: $5,299,698Liabilities 2012: $4,680Net Assets 2012: $5,295,0182012Assets 2013: $5,529,115Liabilities 2013: $12,476Net Assets 2013: $5,516,6392013Assets 2014: $5,290,576Liabilities 2014: $44,708Net Assets 2014: $5,245,8682014Assets 2015: $5,140,169Liabilities 2015: $138,100Net Assets 2015: $5,002,0692015Assets 2016: $4,982,113Liabilities 2016: $112,926Net Assets 2016: $4,869,1872016Assets 2017: $5,389,055Liabilities 2017: $108,571Net Assets 2017: $5,280,4842017Assets 2018: $6,002,938Liabilities 2018: $387,036Net Assets 2018: $5,615,9022018Assets 2019: $6,470,955Liabilities 2019: $178,416Net Assets 2019: $6,292,5392019Assets 2020: $7,055,993Liabilities 2020: $79,237Net Assets 2020: $6,976,7562020Assets 2021: $7,695,245Liabilities 2021: $191,648Net Assets 2021: $7,503,5972021Assets 2022: $6,277,536Liabilities 2022: $90,276Net Assets 2022: $6,187,2602022Assets 2023: $11,321,797Liabilities 2023: $94,757Net Assets 2023: $11,227,0402023Assets 2024: $12,773,162Liabilities 2024: $209,926Net Assets 2024: $12,563,2362024

Highlighted filing

2024

Assets$12,773,162
Liabilities$209,926
Net Assets$12,563,236
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,337,4642010Expenses 2011: $824,8982011Revenue 2012: $1,602,015Expenses 2012: $1,840,256Net Income 2012: -$238,2412012Revenue 2013: $1,328,565Expenses 2013: $1,383,931Net Income 2013: -$55,3662013Revenue 2014: $1,679,474Expenses 2014: $1,868,756Net Income 2014: -$189,2822014Revenue 2015: $1,764,484Expenses 2015: $1,817,690Net Income 2015: -$53,2062015Revenue 2016: $1,358,567Expenses 2016: $1,649,772Net Income 2016: -$291,2052016Revenue 2017: $1,516,383Expenses 2017: $1,535,289Net Income 2017: -$18,9062017Revenue 2018: $2,078,696Expenses 2018: $1,367,451Net Income 2018: $711,2452018Revenue 2019: $1,335,821Expenses 2019: $1,343,981Net Income 2019: -$8,1602019Revenue 2020: $1,968,264Expenses 2020: $1,927,291Net Income 2020: $40,9732020Revenue 2021: $5,065,349Expenses 2021: $4,803,093Net Income 2021: $262,2562021Revenue 2022: $1,635,571Expenses 2022: $1,303,137Net Income 2022: $332,4342022Revenue 2023: $5,890,991Expenses 2023: $1,821,575Net Income 2023: $4,069,4162023Revenue 2024: $2,607,106Expenses 2024: $2,371,066Net Income 2024: $236,0402024

Highlighted filing

2024

Revenue$2,607,106
Expenses$2,371,066
Net Income$236,040
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,773,162
Liabilities
$209,926
Net assets
$12,563,236
Revenue
$2,607,106
Expenses
$2,371,066
Net income
$236,040
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$0.21$12.6$2.61$2.37$0.24
2023Detailed filing. Detailed filing data is available for this year.$11.3$0.09$11.2$5.89$1.82$4.07
2022Detailed filing. Detailed filing data is available for this year.$6.28$0.09$6.19$1.64$1.30$0.33
2021Detailed filing. Detailed filing data is available for this year.$7.70$0.19$7.50$5.07$4.80$0.26
2020Detailed filing. Detailed filing data is available for this year.$7.06$0.08$6.98$1.97$1.93$0.04
2019Detailed filing. Detailed filing data is available for this year.$6.47$0.18$6.29$1.34$1.34$0.01
2018Detailed filing. Detailed filing data is available for this year.$6.00$0.39$5.62$2.08$1.37$0.71
2017Detailed filing. Detailed filing data is available for this year.$5.39$0.11$5.28$1.52$1.54$0.02
2016Detailed filing. Detailed filing data is available for this year.$4.98$0.11$4.87$1.36$1.65$0.29
2015Summary only. Only limited summary data is available for this year.$5.14$0.14$5.00$1.76$1.82$0.05
2014Detailed filing. Detailed filing data is available for this year.$5.29$0.04$5.25$1.68$1.87$0.19
2013Detailed filing. Detailed filing data is available for this year.$5.53$0.01$5.52$1.33$1.38$0.06
2012Summary only. Only limited summary data is available for this year.$5.30$0.00$5.30$1.60$1.84$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.38$0.00$5.37$0.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.76$0.00$5.76$1.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$2,607,106
Mission and Program Overview

Mission

Provide research opportunities to acquire knowledge of the latest developments in medical care. Deliver used/refurbished medical equipment and offer educational assistance globally to promote sustainable healthcare and improve living standards in underserved communities.

To Provide research opportunities to acquire knowledge of the developments in medical care. To deliver used/refurbished medical equipment and offer educational assistance globally to promote sustainable health care and improve living standards in undeserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,851,116$10,548,407▲ $1,697,291
Cash and Non-Interest-Bearing Accounts$1,462,526$1,059,516▼ $403,010
Savings and Temporary Cash Investments$558,864$538,045▼ $20,819
Investments Other Securities$434,573$454,788▲ $20,215
Accounts Receivable$3,511$7,618▲ $4,107
Prepaid Expenses and Deferred Charges$4,869$2,475▼ $2,394
Land, Buildings, and Equipment, Net$6,338$1,528▼ $4,810
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$11,321,797$12,773,162▲ $1,451,365
Other Assets Total-$160,785-
Liabilities
Other Liabilities-$160,785-
Grants Payable$90,490$41,108▼ $49,382
Accounts Payable and Accrued Expenses$4,267$8,033▲ $3,766
Total Liabilities$94,757$209,926▲ $115,169
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,581,181$6,442,354▲ $861,173
Net Assets Without Donor Restrictions$5,645,859$6,120,882▲ $475,023
Total Net Assets Fund Balance$11,227,040$12,563,236▲ $1,336,196
Total Liabilities and Net Assets / Fund Balance$11,321,797$12,773,162▲ $1,451,365

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,528$53,896$55,424

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,174,459$500,746▲ $387,413-$6,062,618
2023$647,707$4,078,295▲ $448,457-$5,174,459
2022$760,631-▼ $112,924-$647,707
2021$755,553-▲ $99,731-$760,631
2020$688,036-▲ $121,590-$755,553
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Theresa JohnsonExecutive DirectorPT$51,500$1,500$53,000

Board Members and Trustees

NameTitle
Mr James C OlsenChairman
Mr Fernando PaizVice President
Mr Manuel RodriguezVice President
Carlos Cruz DDSBoard Member
Charles F Furr JrBoard Member
Christopher HA CecilBoard Member
Conrad EmmerichBoard Member
Dr Eric SkipperBoard Member
Dr Michael SchurBoard Member
Dr Norris B Harbold JrBoard Member
Geoffrey A Rose MDBoard Member
Jeko M Madjarov MDBoard Member
Joan E Heineman-SchurBoard Member
John C Cedarholm MD FACCBoard Member
John M Fedor MDBoard Member
Mr Anders BergendahlBoard Member
Mr James ES HynesBoard Member
Mr James J BissellBoard Member
Mr John CM RobicsekBoard Member
Mr Michael C TarwaterBoard Member
Mr Robert A WheelerBoard Member
Mrs June Heineman-MorrisBoard Member
Mrs Maria BergendahlBoard Member
Ms Marilyn HeinemanBoard Member
Ms Stella Los de PaizBoard Member
R Stuart DicksonBoard Member
Richard M ThigpenBoard Member
Steven A Robicsek MD PhDBoard Member
Daniel G AcetiTreasurer/Secre
Revenue and Support

Revenue Composition

Contributions and Grants
$2,285,054
Program Service Revenue
$0
Investment Income
$287,800
Other Revenue
$34,252
All Other Contributions
$2,285,054
Change in Net Assets
$236,040

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$1,128,372Fair Market Value (FMV)
Total Noncash Contributions$1,128,372-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,538,098
Revenue Not Reported on Financial Statements
$69,008
Revenue Not Reported on Form 990
$1,100,156
Total Revenue per Audited Statements
$3,638,254
Total Revenue per Form 990
$2,607,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,499,389
Other Expenses$643,907
Salaries, Compensation, and Employee Benefits$227,770
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,326,502--$1,326,502
Grants to Domestic Individuals$172,887--$172,887
Conferences and Meetings$155,219--$155,219
Other Salaries and Wages$100,653$31,342-$131,995
Occupancy$96,353--$96,353
Fees for Service Investment Mgmnt Fees-$69,008-$69,008
Current Officers, Directors, Trustees, and Key Employees$39,750$13,250-$53,000
Other Employee Benefits$20,595$6,541-$27,136
Fees for Services Other-$24,120-$24,120
Payroll Taxes$11,869$3,770-$15,639
Insurance-$13,355-$13,355
Depreciation Depletion$4,810--$4,810
Other Expenses$687$3,493-$687
All Other Expenses-$255-$255
Total Functional Expenses$2,192,906$178,160$0$2,371,066

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,371,066
Expenses per Audited Statements$2,302,058
Total Expenses per Audited Statements$2,302,058
Expenses Not Reported on Financial Statements$69,008
International Activity

International Summary

Spending
$1,326,502

International Compliance

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
Central America & CaribbenMedical Equipment-00$1,326,502
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$160,785
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“upon completion and review, the return was provided to all current members of the board prior to its filing”

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

“Board members must annually read the conflict of interest policy and sign a document stating that they have no known conflict of interest in dealing with the organization.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, Conflict of interest policy, and financial statements are available upon request at the organizations administrative office”

Filing and Contact Details

Filer

Filer Name
Heineman-Robicsek Foundation Inc
EIN
56-6023076
Phone
7042484843
Address
PO Box 35457, Charlotte, NC 28235

Signing Officer

Name
Daniel G Aceti
Title
Treasurer/Secre
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Formed
1959
Legal Domicile
Nc
Voting Board Members
26
Independent Board Members
26
Employees
5
Volunteers
50

Preparer

Firm
Foard and Company PA
Address
1347 Harding Place, Charlotte, NC 28204
Preparer
Garrett Summers
Phone
7043721515
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IRS990/Desc0HEINEMAN-ROBICSEK FOUNDATION, INC. (HRF) HAS A 50-YEAR HISTORY OF DELIVERING SUSTAINABLE HEALTHCARE TO CLINICALLY UNDERSERVED COUNTRIES THROUGH THE DONATION OF MEDICAL EQUIPMENT AND SUPPLIES AND BY OFFERING MEDICAL EDUCATION AND TRAINING TO HEALTH PROVIDERS GLOBALLY. ITS MAJOR ACHIEVEMENTS INCLUDE: INITIATED THE FIRST INVASIVE CARDIOLOGY AND HEART SURGICAL PROGRAMS IN THREE COUNTRIES; STARTED VASCULAR SURGERY IN ANTIGUA, WEST INDIES; CO-FOUNDED THE FIRST HEART INSTITUTE (UNICAR) IN CENTRAL AMERICA; FULLY EQUIPPED THE FIRST CHILDREN'S HOSPITAL IN HONDURAS; DELIVERED 10 INTENSIVE CARE UNITS; INSTALLED 7 HEART CATHETERIZATION LABORATORIES; FURNISHED OUTPATIENT CLINICS AND PUBLIC HEALTH INSTITUTES; IMPLEMENTED A NETWORK OF 16 NON-INVASIVE CARDIAC ECHO STATIONS IN CENTRAL AMERICA AND THE CARIBBEAN, WITH MORE BEING ADDED; ESTABLISHED THE FIRST PUBLIC WOMENS BREAST CANCER SCREENING UNIT IN BELIZE; DEPLOYED A MOBILE MEDICAL CLINIC IN NICARAGUA; AND EQUIPPED OPERATING THEATERS. IN ADDITION TO OUR MEDICAL INITIATIVES, HRF IS ALSO INVOLVED IN CLINICAL AND PUBLIC EDUCATIONAL PROGRAMS. IN 2012, HRF PARTNERED WITH FUNDACIN SERGIO PAIZ ANDRADE (FUNSEPA), A GUATEMALAN NON-PROFIT ORGANIZATION, WHO REFURBISHES COMPUTERS DONATED BY HRF AND DISSEMINATES THEM TO THE RURAL PUBLIC SCHOOLS THROUGHOUT GUATEMALA. HRF RECEIVES NUMEROUS REQUESTS FOR DONATIONS EACH YEAR. DONEES ARE VETTED BY HRF BOARD MEMBERS, IN-COUNTRY PARTNERS, AND VOLUNTEERS, AS WELL AS U.S. ORGANIZATIONS WORKING IN THE SAME LOCATION WHO HAVE KNOWLEDGE OF THE PROPOSED DONEE. THE REQUEST FOR SUPPORT IS REVIEWED BY THE HEINEMAN EXECUTIVE COMMITTEE AND THEN SELECTED. DONEES WHO RECEIVE SUPPORT MAINTAIN AN ONGOING RELATIONSHIP WITH HRF, WHICH PERMITS HRF TO CONFIRM THAT THE DONATION IS BEING USED FOR THE INTENDED PURPOSE.
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