Civic Intelligence

Williams Heart Foundation

990 • Fiscal year 2017 • EIN 75-3064056

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileWILLIAMSHEARTFOUNDATION.ORG
2800 South River Road No 420Des Plaines, IL 60018-6001

(414) 272-4650

Siviq Scores

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

Liabilities / Assets

27th percentile

0.01x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

0.14x

Higher debt load relative to revenue than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

3rd percentile

-105%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$223,737

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 129.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

16th percentile

-6.5%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

42%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$2,255,231

Down $157,135 (-6.5%) from 2016

Net Assets

Down

$2,230,556

Down $181,810 (-7.5%) from 2016

Liabilities

Up

$24,675

Up $24,675 from 2016

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin3rd percentile

Revenue

Up

$172,453

Up $51,221 (+42%) from 2016

Expenses

Down

$354,263

Down $11,417 (-3.1%) from 2016

Net Income

Up

-$181,810

Up $62,638 (+26%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,807,559Liabilities 2011: $0Net Assets 2011: $2,807,5592011Assets 2012: $2,595,032Liabilities 2012: $0Net Assets 2012: $2,595,0322012Assets 2013: $2,535,057Liabilities 2013: $0Net Assets 2013: $2,535,0572013Assets 2014: $2,817,164Liabilities 2014: $0Net Assets 2014: $2,817,1642014Assets 2015: $2,656,813Liabilities 2015: $0Net Assets 2015: $2,656,8132015Assets 2016: $2,412,366Liabilities 2016: $0Net Assets 2016: $2,412,3662016Assets 2017: $2,255,231Liabilities 2017: $24,675Net Assets 2017: $2,230,5562017Assets 2018: $1,996,658Liabilities 2018: $14,054Net Assets 2018: $1,982,6042018Assets 2019: $1,601,355Liabilities 2019: $14,054Net Assets 2019: $1,587,3012019Assets 2020: $1,249,296Liabilities 2020: $14,054Net Assets 2020: $1,235,2422020Assets 2021: $1,158,768Liabilities 2021: $14,054Net Assets 2021: $1,144,7142021Assets 2022: $962,797Liabilities 2022: $14,054Net Assets 2022: $948,7432022Assets 2023: $789,388Liabilities 2023: $14,054Net Assets 2023: $775,3342023Assets 2024: $950,913Liabilities 2024: $0Net Assets 2024: $950,9132024

Highlighted filing

2017

Assets$2,255,231
Liabilities$24,675
Net Assets$2,230,556
Open 2017 Filing

Operations Trend

Revenue Growth84th percentile

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

$500K$0-$500KRevenue 2011: $267,798Expenses 2011: $202,345Net Income 2011: $65,4532011Revenue 2012: $181,213Expenses 2012: $393,740Net Income 2012: -$212,5272012Revenue 2013: $235,252Expenses 2013: $295,227Net Income 2013: -$59,9752013Revenue 2014: $424,088Expenses 2014: $336,423Net Income 2014: $87,6652014Revenue 2015: $148,870Expenses 2015: $309,223Net Income 2015: -$160,3532015Revenue 2016: $121,232Expenses 2016: $365,680Net Income 2016: -$244,4482016Revenue 2017: $172,453Expenses 2017: $354,263Net Income 2017: -$181,8102017Revenue 2018: $212,239Expenses 2018: $460,191Net Income 2018: -$247,9522018Revenue 2019: $70,164Expenses 2019: $465,466Net Income 2019: -$395,3022019Revenue 2020: -$86,872Expenses 2020: $265,187Net Income 2020: -$352,0592020Revenue 2021: $173,664Expenses 2021: $264,192Net Income 2021: -$90,5282021Revenue 2022: $41,346Expenses 2022: $237,317Net Income 2022: -$195,9712022Revenue 2023: $36,266Expenses 2023: $209,675Net Income 2023: -$173,4092023Revenue 2024: $42,907Expenses 2024: $214,509Net Income 2024: -$171,6022024

Highlighted filing

2017

Revenue$172,453
Expenses$354,263
Net Income-$181,810
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$414,235
Mission and Program Overview

Mission

To develop, finance, conduct and otherwise exploit medical research dedicated to the human heart and related functions of the pulmonary system along with preparing, publishing and disseminating academic and other materials setting forth the outcomes of such research, educating the public and other medical personnel and undertaking any and all activities incidental or related thereto including providing related healthcare services.

The foundation is dedicated to furthering medical research involving the human heart and educating the medical community and general public on its findings in an effort to promote personal health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,259,394$2,083,898▼ $175,496
Savings and Temporary Cash Investments$84,667$112,617▲ $27,950
Cash and Non-Interest-Bearing Accounts$68,305$58,716▼ $9,589
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$2,412,366$2,255,231▼ $157,135
Liabilities
Other Liabilities$0$24,675▲ $24,675
Total Liabilities$0$24,675▲ $24,675
Net Assets / Fund Balance
Unrestricted Net Assets$2,412,366$2,230,556▼ $181,810
Total Net Assets Fund Balance$2,412,366$2,230,556▼ $181,810
Total Liabilities and Net Assets / Fund Balance$2,412,366$2,255,231▼ $157,135

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$2,830$2,830
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Randall E Williams MdPresidentPT$223,737$223,737

Board Members and Trustees

NameTitle
Joseph Anthony Caprini MdDirector
James VoglerSecretary
Nancy J NicholasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$172,453
Other Revenue
$0
Change in Net Assets
$-181,810
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$289,269
Other Expenses$64,994
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$201,363$22,374-$223,737
Comp Disqual Persons-$50,337-$50,337
Other Employee Benefits-$15,195-$15,195
Fees for Services Legal-$5,946-$5,946
Fees for Services Accounting-$1,644-$1,644
Travel-$1,347-$1,347
Office Expenses-$1,218-$1,218
Occupancy-$825-$825
Fees for Services Other-$145-$145
Other Expenses$53,854$15-$15
Total Functional Expenses$255,217$99,046$0$354,263
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$24,675
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 A, Line 2

“The chairman and treasurer are husband and wife.”

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

“An electronic verison of the final version of the return is emailed to the board members before the return is actually filed. Board members are encouraged to review the return before it is filed.”

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

“The organization conducts an annual review of its conflict of interest policy at the annual board meeting. At that time, each officer and board member is asked to sign an attestation that they are aware of the conflict of interest policy and remain in compliance with the policy.”

Form 990, Part VI, Section B, Line 15

“Compensation determination is based on market assessment for comparable positions within the medical research industry. The board of directors approves all compensation following deliberation and decision. Documentation of said deliberation is included in standard board minutes.”

Form 990, Part VI, Section C, Line 19

“The organization will provide its governing documents, conflict of interest policy statements and forms 1023 and 990 to the public upon sending any requests to ms. Karen williams at 2800 south river road, suite 420, des plaines, il 60018”

Filing and Contact Details

Filer

Filer Name
Williams Heart Foundation
EIN
75-3064056
Phone
4142724650
Address
2800 SOUTH RIVER ROAD NO 420, DES PLAINES, IL 60018-6001

Signing Officer

Name
Randall E Williams
Title
President
Phone
4142724650
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall E Williams
Formed
2002
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
3
Volunteers
0

Preparer

Firm
Fgmk LLC
Address
2801 LAKESIDE DRIVE 3RD FLOOR, BANNOCKBURN, IL 60015
Preparer
Anthony M Mentz
Phone
8473740400
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 13A

“IL”

Raw XML Appendix343 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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IRS990/ActivityOrMissionDesc0THE FOUNDATION IS DEDICATED TO FURTHERING MEDICAL RESEARCH INVOLVING THE HUMAN HEART AND EDUCATING THE MEDICAL COMMUNITY AND GENERAL PUBLIC ON ITS FINDINGS IN AN EFFORT TO PROMOTE PERSONAL HEALTH.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHAIRMAN AND TREASURER ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ELECTRONIC VERISON OF THE FINAL VERSION OF THE RETURN IS EMAILED TO THE BOARD MEMBERS BEFORE THE RETURN IS ACTUALLY FILED. BOARD MEMBERS ARE ENCOURAGED TO REVIEW THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONDUCTS AN ANNUAL REVIEW OF ITS CONFLICT OF INTEREST POLICY AT THE ANNUAL BOARD MEETING. AT THAT TIME, EACH OFFICER AND BOARD MEMBER IS ASKED TO SIGN AN ATTESTATION THAT THEY ARE AWARE OF THE CONFLICT OF INTEREST POLICY AND REMAIN IN COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION DETERMINATION IS BASED ON MARKET ASSESSMENT FOR COMPARABLE POSITIONS WITHIN THE MEDICAL RESEARCH INDUSTRY. THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION FOLLOWING DELIBERATION AND DECISION. DOCUMENTATION OF SAID DELIBERATION IS INCLUDED IN STANDARD BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY STATEMENTS AND FORMS 1023 AND 990 TO THE PUBLIC UPON SENDING ANY REQUESTS TO MS. KAREN WILLIAMS AT 2800 SOUTH RIVER ROAD, SUITE 420, DES PLAINES, IL 60018
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 13A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,255,231
Liabilities
$24,675
Net assets
$2,230,556
Revenue
$172,453
Expenses
$354,263
Net income
-$181,810
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.04$0.21$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.79$0.01$0.78$0.04$0.21$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$0.04$0.24$0.20
2021Detailed filing. Detailed filing data is available for this year.$1.16$0.01$1.14$0.17$0.26$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.24$0.09$0.27$0.35
2019Detailed filing. Detailed filing data is available for this year.$1.60$0.01$1.59$0.07$0.47$0.40
2018Detailed filing. Detailed filing data is available for this year.$2.00$0.01$1.98$0.21$0.46$0.25
2017Detailed filing. Detailed filing data is available for this year.$2.26$0.02$2.23$0.17$0.35$0.18
2016Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$0.12$0.37$0.24
2015Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$0.15$0.31$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$0.42$0.34$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$0.24$0.30$0.06
2012Summary only. Only limited summary data is available for this year.$2.60$0.00$2.60$0.18$0.39$0.21
2011Summary only. Only limited summary data is available for this year.$2.81$0.00$2.81$0.27$0.20$0.07