Civic Intelligence

Interventional Cardiology Research Foundation

990 • Fiscal year 2014 • EIN 72-1333297

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 10, 2015

3746 Rue ChardonnayMetairie, LA 70002

(504) 885-4777

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

50th percentile

2.0%

Faster asset growth than 50% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

117%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,869,688

Up $37,215 (+2.0%) from 2013

Net Assets

Up

$1,869,688

Up $37,215 (+2.0%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$65,786

Up $35,404 (+117%) from 2013

Expenses

Down

$1,672

Down $7,579 (-82%) from 2013

Net Income

Up

$64,114

Up $42,983 (+203%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,842,747Liabilities 2010: $0Net Assets 2010: $1,842,7472010Assets 2011: $1,845,509Liabilities 2011: $0Net Assets 2011: $1,845,5092011Assets 2012: $1,843,006Liabilities 2012: $0Net Assets 2012: $1,843,0062012Assets 2013: $1,832,473Liabilities 2013: $0Net Assets 2013: $1,832,4732013Assets 2014: $1,869,688Liabilities 2014: $0Net Assets 2014: $1,869,6882014Assets 2015: $1,813,554Liabilities 2015: $0Net Assets 2015: $1,813,5542015Assets 2016: $1,895,829Liabilities 2016: $0Net Assets 2016: $1,895,8292016Assets 2017: $1,916,966Liabilities 2017: $0Net Assets 2017: $1,916,9662017Assets 2018: $1,771,147Liabilities 2018: $0Net Assets 2018: $1,771,1472018Assets 2019: $1,720,390Liabilities 2019: $0Net Assets 2019: $1,720,3902019Assets 2020: $1,607,649Liabilities 2020: $0Net Assets 2020: $1,607,6492020Assets 2021: $1,734,129Liabilities 2021: $0Net Assets 2021: $1,734,1292021Assets 2022: $1,438,507Liabilities 2022: $0Net Assets 2022: $1,438,5072022Assets 2023: $1,619,222Liabilities 2023: $0Net Assets 2023: $1,619,2222023Assets 2024: $1,444,107Liabilities 2024: $0Net Assets 2024: $1,444,1072024

Highlighted filing

2014

Assets$1,869,688
Liabilities$0
Net Assets$1,869,688

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $495,1192010Expenses 2011: $573,5992011Expenses 2012: $1492012Revenue 2013: $30,382Expenses 2013: $9,251Net Income 2013: $21,1312013Revenue 2014: $65,786Expenses 2014: $1,672Net Income 2014: $64,1142014Revenue 2015: -$3,453Expenses 2015: $2,892Net Income 2015: -$6,3452015Revenue 2016: $42,881Expenses 2016: $2,209Net Income 2016: $40,6722016Revenue 2017: -$15,720Expenses 2017: $400Net Income 2017: -$16,1202017Revenue 2018: -$2,025Expenses 2018: $10,052Net Income 2018: -$12,0772018Revenue 2019: -$67,050Expenses 2019: $223,944Net Income 2019: -$290,9942019Revenue 2020: -$57,838Expenses 2020: $112,000Net Income 2020: -$169,8382020Revenue 2021: $181,595Expenses 2021: $124,353Net Income 2021: $57,2422021Revenue 2022: -$11,706Expenses 2022: $82,788Net Income 2022: -$94,4942022Revenue 2023: $33,760Expenses 2023: $89,544Net Income 2023: -$55,7842023Revenue 2024: $181,111Expenses 2024: $124,737Net Income 2024: $56,3742024

Highlighted filing

2014

Revenue$65,786
Expenses$1,672
Net Income$64,114
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 10, 2015
Return Version
2014v5.0
Gross Receipts
$520,466
Mission and Program Overview

Mission

The organization provides medical education and training of physicians and other health care professionals in the use of state-of-the-art non-surgical procedures and technology to open blocked arteries. These activities will further the foundation's primary scientific and educational exempt purposes by helping to make medical treatment more effective, efficient and less costly. The foundation conducts continuing medical education meetings at various sites with the assistance of renowned physician specialists in interventional cardiology. The foundation makes grants to renowned experts in various medical specialities who will use the funds to pay for equipment, supplies, and technicians necessary to conduct research on the foundation's behalf. The purpose of the research efforts is to refine medical treatment procedures which will further the foundation's primary exempt purposes by helping to make medical treatment more effective, efficient and less costly.

The organization provides medical education and training of physicians and other health care professionals in the use of state-of-the-art non-surgical procedures and technology to open blocked arteries. These activities will further the foundation's primary scientific and educational exempt purposes by helping to make medical treatment more effective, efficient and less costly. The foundation conducts continuing medical education meetings at various sites with the assistance of renowned physician specialists in interventional cardiology. The foundation makes grants to renowned experts in various medical specialities who will use the funds to pay for equipment, supplies, and technicians necessary to conduct research on the foundation's behalf. The purpose of the research efforts is to refine medical treatment procedures which will further the foundation's primary exempt purposes by helping to make medical treatment more effective, efficient and less costly. This will be accomplished thr

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,832,473$1,869,688▲ $37,215
Cash and Non-Interest-Bearing Accounts$1,005,854$1,011,964▲ $6,110
Investments in Publicly Traded Securities$826,619$857,724▲ $31,105
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,832,473$1,869,688▲ $37,215
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,832,473$1,869,688▲ $37,215
Total Liabilities and Net Assets / Fund Balance$1,832,473$1,869,688▲ $37,215

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$16,750$16,750
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen R RameePresident
Charles BecnelBoard Member
Dennis MetcalfBoard Member
Emily WilliamsBoard Member
Sprague EustisBoard Member
Barbara PopeSecretary
Laurie VenturaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$2,782
Investment Income
$58,004
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$64,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,672
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
Fees for Services Accounting-$1,600-$1,600
Other Expenses-$72-$72
Total Functional Expenses$0$1,672$0$1,672
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
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
Yes
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, Part VI, Section B, Line 11

Upon completion of the final draft of form 990, a copy of the draft is sent to the board of directors. The board of directors review the form and after acceptance, the form is filed with the applicable agencies.

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

The board of directors review the conflict of interest policy on an annual basis. Interventional cardiology research foundation requires all trustees to disclose any potential personal or business associations which could be perceived as a conflict of interest. Throughout the year trustees are reminded to disclose any new relationships where a conflict of interest may be present.

Form 990, Part VI, Section B, Line 15

Interventional cardiology research foundation does not have any employees and does not intend to have any employees in the forseeable future. However, if interventional cardiology research foundation does compensate any employees they will follow a process to determine reasonable compensation.

Form 990, Part VI, Section C, Line 19

This form, as well as various policies, are also made available to the the general public upon request.

Filing and Contact Details

Filer

Filer Name
Interventional Cardiology Research Foundation
EIN
72-1333297
Phone
5048854777
Address
3746 RUE CHARDONNAY, METAIRIE, LA 70002

Signing Officer

Name
Dr Stephen R Ramee
Title
President
Phone
5048854777
Signed
2015-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Stephen R Ramee
Formed
1996
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Laporte Apac
Address
111 VETERANS MEMORIAL BLVD SUITE, 600, METAIRIE, LA 70005-4958
Preparer
Amy E Walters CPA Ccifp
Phone
5048355522
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Partnership distributions 9,490.

Raw XML Appendix344 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt036101
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt037843
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt030894
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0188806
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0223015
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01808
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01808
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.39020
IRS990ScheduleA/PublicSupportPY170Pct00.41210
IRS990ScheduleA/PublicSupportTotal170Amt0470301
IRS990ScheduleA/SubstantialContributorsTotAmt0544419
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0429720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0574800
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01014720
IRS990ScheduleA/TotalSupportAmt01205334
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016750
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016750
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON COMPLETION OF THE FINAL DRAFT OF FORM 990, A COPY OF THE DRAFT IS SENT TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEW THE FORM AND AFTER ACCEPTANCE, THE FORM IS FILED WITH THE APPLICABLE AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. INTERVENTIONAL CARDIOLOGY RESEARCH FOUNDATION REQUIRES ALL TRUSTEES TO DISCLOSE ANY POTENTIAL PERSONAL OR BUSINESS ASSOCIATIONS WHICH COULD BE PERCEIVED AS A CONFLICT OF INTEREST. THROUGHOUT THE YEAR TRUSTEES ARE REMINDED TO DISCLOSE ANY NEW RELATIONSHIPS WHERE A CONFLICT OF INTEREST MAY BE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INTERVENTIONAL CARDIOLOGY RESEARCH FOUNDATION DOES NOT HAVE ANY EMPLOYEES AND DOES NOT INTEND TO HAVE ANY EMPLOYEES IN THE FORSEEABLE FUTURE. HOWEVER, IF INTERVENTIONAL CARDIOLOGY RESEARCH FOUNDATION DOES COMPENSATE ANY EMPLOYEES THEY WILL FOLLOW A PROCESS TO DETERMINE REASONABLE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS FORM, AS WELL AS VARIOUS POLICIES, ARE ALSO MADE AVAILABLE TO THE THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PARTNERSHIP DISTRIBUTIONS 9,490.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01832473
IRS990/TotalAssetsEOYAmt01869688
IRS990/TotalAssetsGrp/BOYAmt01832473
IRS990/TotalAssetsGrp/EOYAmt01869688
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01672
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01672
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01832473
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01869688
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02782
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt058004
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02782
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065786
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01832473
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01869688
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03746 RUE CHARDONNAY
IRS990/USAddress/CityNm0METAIRIE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070002
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR STEPHEN R RAMEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05048854777
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INTERVENTIONAL CARDIOLOGY RESEARCH FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0INTE
ReturnHeader/Filer/EIN0721333297
ReturnHeader/Filer/PhoneNum05048854777
ReturnHeader/Filer/USAddress/AddressLine1Txt03746 RUE CHARDONNAY
ReturnHeader/Filer/USAddress/CityNm0METAIRIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070002
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721088864
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAPORTE APAC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 VETERANS MEMORIAL BLVD SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0METAIRIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0700054958
ReturnHeader/PreparerPersonGrp/PhoneNum05048355522
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY E WALTERS CPA CCIFP
ReturnHeader/ReturnTs02015-07-28T09:36:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.18$0.12$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.03$0.09$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.01$0.08$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.18$0.12$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.06$0.11$0.17
2019Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.07$0.22$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.00$1.77$0.00$0.01$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.02$0.00$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$0.04$0.00$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.00$0.00$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.07$0.00$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$0.03$0.01$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.00$1.84$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.00$1.85$0.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.00$1.84$0.50