Civic Intelligence

Vascular Cures

990 • Fiscal year 2024 • EIN 94-2825216

Jul 01, 2023 to Jun 30, 2024 • Filed on May 08, 2025

Organization ProfileWWW.VASCULARCURES.ORG
274 Redwood Shores Parkway 717Redwood City, CA 94065

(650) 368-6022

Siviq Scores

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

Liabilities / Assets

47th percentile

0.05x

Higher debt load relative to assets than 47% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$230,237

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

79th percentile

21%

Faster asset growth than 79% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

15%

Faster revenue growth than 60% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$4,309,404

Up $735,369 (+21%) from 2023

Net Assets

Up

$4,109,366

Up $856,640 (+26%) from 2023

Liabilities

Down

$200,038

Down $121,271 (-38%) from 2023

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin86th percentile

Revenue

Up

$1,853,089

Up $242,895 (+15%) from 2023

Expenses

Down

$1,111,076

Down $715,524 (-39%) from 2023

Net Income

Up

$742,013

Up $958,419 (+443%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,512,425Liabilities 2011: $15,773Net Assets 2011: $1,496,6522011Assets 2012: $1,183,664Liabilities 2012: $32,593Net Assets 2012: $1,151,0712012Assets 2013: $2,477,830Liabilities 2013: $36,524Net Assets 2013: $2,441,3062013Assets 2014: $3,429,333Liabilities 2014: $28,396Net Assets 2014: $3,400,9372014Assets 2015: $4,287,637Liabilities 2015: $54,866Net Assets 2015: $4,232,7712015Assets 2016: $3,664,390Liabilities 2016: $110,944Net Assets 2016: $3,553,4462016Assets 2017: $3,018,671Liabilities 2017: $24,381Net Assets 2017: $2,994,2902017Assets 2018: $2,764,483Liabilities 2018: $20,210Net Assets 2018: $2,744,2732018Assets 2019: $2,978,980Liabilities 2019: $16,307Net Assets 2019: $2,962,6732019Assets 2020: $3,437,896Liabilities 2020: $66,578Net Assets 2020: $3,371,3182020Assets 2021: $4,123,824Liabilities 2021: $563,236Net Assets 2021: $3,560,5882021Assets 2022: $3,787,443Liabilities 2022: $483,473Net Assets 2022: $3,303,9702022Assets 2023: $3,574,035Liabilities 2023: $321,309Net Assets 2023: $3,252,7262023Assets 2024: $4,309,404Liabilities 2024: $200,038Net Assets 2024: $4,109,3662024

Highlighted filing

2024

Assets$4,309,404
Liabilities$200,038
Net Assets$4,109,366
Open 2024 Filing

Operations Trend

Revenue Growth60th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,060,435Expenses 2011: $608,882Net Income 2011: $451,5532011Expenses 2012: $731,4622012Expenses 2013: $761,0692013Revenue 2014: $1,524,103Expenses 2014: $701,270Net Income 2014: $822,8332014Revenue 2015: $1,615,215Expenses 2015: $785,876Net Income 2015: $829,3392015Revenue 2016: $329,595Expenses 2016: $943,160Net Income 2016: -$613,5652016Revenue 2017: $299,513Expenses 2017: $1,056,506Net Income 2017: -$756,9932017Revenue 2018: $497,871Expenses 2018: $898,562Net Income 2018: -$400,6912018Revenue 2019: $1,071,805Expenses 2019: $767,918Net Income 2019: $303,8872019Revenue 2020: $1,228,444Expenses 2020: $743,410Net Income 2020: $485,0342020Revenue 2021: $516,547Expenses 2021: $806,491Net Income 2021: -$289,9442021Revenue 2022: $2,153,452Expenses 2022: $2,056,902Net Income 2022: $96,5502022Revenue 2023: $1,610,194Expenses 2023: $1,826,600Net Income 2023: -$216,4062023Revenue 2024: $1,853,089Expenses 2024: $1,111,076Net Income 2024: $742,0132024

Highlighted filing

2024

Revenue$1,853,089
Expenses$1,111,076
Net Income$742,013
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$3,070,757
Mission and Program Overview

Mission

Vascular cures is a leader in breakthrough innovations to improve the lives of patients with vascular disease. We are transforming the vascular care-to-cure continuum, driving novel collaborations in patient-centered research and healthcare. Vascular cures is enabling new ways to predict, treat and prevent vascular disease.

Our mission: to achieve better vascular health for all through a patient-centric approach to research and education. Our vision: a world where everyone experiences healthy vascular systems - the arteries and veins that support the effective functioning of all the body's organs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,283,404$2,540,397▲ $256,993
Pledges and Grants Receivable$244,009$809,018▲ $565,009
Cash and Non-Interest-Bearing Accounts$759,851$634,336▼ $125,515
Intangible Assets$285,167$226,167▼ $59,000
Accounts Receivable-$90,360-
Prepaid Expenses and Deferred Charges-$8,612-
Land, Buildings, and Equipment, Net$1,604$514▼ $1,090
Total Assets$3,574,035$4,309,404▲ $735,369
Liabilities
Accounts Payable and Accrued Expenses$57,867$125,038▲ $67,171
Grants Payable$263,442$75,000▼ $188,442
Total Liabilities$321,309$200,038▼ $121,271
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,670,312$3,427,427▲ $757,115
Net Assets Without Donor Restrictions$582,414$681,939▲ $99,525
Total Net Assets Fund Balance$3,252,726$4,109,366▲ $856,640
Total Liabilities and Net Assets / Fund Balance$3,574,035$4,309,404▲ $735,369

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$514$28,684$29,198
Other Land Buildings$0$12,764$12,764

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,868,465-▲ $228,396$113,000$1,983,861
2022$1,717,612-▲ $150,853-$1,868,465
2021$1,782,500-▼ $64,888-$1,717,612
2020$1,782,500---$1,782,500
2019$1,782,500---$1,782,500
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Isabel BjorkSecretary, CEOFT$195,000$35,237$230,237

Board Members and Trustees

NameTitle
Edward YuBoard Chair
Wendy HitchcockCo-chair
Bob KainDirector
Douglas GreyDirector
Katherine GallagherDirector
Kevin HeathDirector
Lilia CoburnDirector
Margaret WongDirector
Megan PattersonDirector
Michael ConteDirector
Steve HamburgerDirector
David RaeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
I-squared LLCCase Trial Support32 CEDAR STREET, Welledley, MA 02481$108,138
Revenue and Support

Revenue Composition

Contributions and Grants
$1,222,426
Program Service Revenue
$276,615
Investment Income
$353,652
Other Revenue
$396
All Other Contributions
$1,222,426
Change in Net Assets
$742,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,836,138
Revenue Not Reported on Financial Statements
$16,951
Revenue Not Reported on Form 990
$-8,025
Total Revenue per Audited Statements
$1,828,113
Total Revenue per Form 990
$1,853,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$507,156
Grants and Similar Amounts Paid$369,218
Other Expenses$234,702
Total Fundraising Expense$93,647
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$369,218--$369,218
Current Officers, Directors, Trustees, and Key Employees$207,214$23,024-$230,238
Other Salaries and Wages$105,421$25,291$74,396$205,108
Fees for Services Accounting-$61,521-$61,521
Travel$49,183$754$1,600$51,537
Other Employee Benefits$26,287$4,903$11,188$42,378
Payroll Taxes$23,615$2,632$3,185$29,432
Fees for Service Investment Mgmnt Fees-$16,951-$16,951
Information Technology$9,288$476$361$10,125
Fees for Services Other$2,661$6,413$329$9,403
Advertising$3,002$619$1,497$5,118
Office Expenses$3,193$817$1,091$5,101
Insurance-$2,880-$2,880
Other Expenses$3,795$1,979-$1,979
Depreciation Depletion-$1,091-$1,091
Total Functional Expenses$868,078$149,351$93,647$1,111,076

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,111,076
Total Expenses per Audited Statements$1,102,878
Expenses per Audited Statements$1,094,125
Expenses Not Reported on Financial Statements$16,951
Expenses Not Reported on Form 990$8,753
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Massachusetts Medical SchoolWorchester, MA501(c)(3)Wylie Scholar Award$50,000
University of FloridaGainesville, FL501(c)(3)To Investigate Biomakers in Vascular Disease.$22,000
Duke UniversityCharlotte, NC501(c)(3)Peer Support and Outreach to Income Patient Outcomes.$19,442
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
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
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 11B

“The organization will distribute an electronic copy of the return and solicit feedback through email before the filing deadline.”

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

“Members of the board of directors review all potential conflicts of interest periodically. Top management and all board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

Form 990, Part VI, Section B, Line 15

“Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.”

Form 990, Part VI, Section C, Line 19

“All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office.”

Filing and Contact Details

Filer

Filer Name
The Foundation to Advance Vascular Cures
EIN
94-2825216
Phone
6503686022
Address
274 REDWOOD SHORES PARKWAY 717, REDWOOD CITY, CA 94065

Signing Officer

Name
Isabel Bjork
Title
CEO
Phone
6503686022
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Isabel Bjork
Formed
1982
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
12
Employees
9
Volunteers
50

Preparer

Firm
Evergreen Alliance Professional Corp
Address
4332 CERRITOS AVE SUITE A105, LOS ALAMITOS, CA 90720
Phone
7143728110
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization did not change its selection or oversight process during the year.”

Financial Statement Notes

PART V, LINE 4:

“The organization has an endowment that was established by two donors and is to be held in perpetuity, with the earnings spent on improving the quality of care and increasing the number of children served.”

PART X, LINE 2:

“The foundation has received tax-exempt status from the internal revenue service and california franchise tax board under section 501(c)(3) of the internal revenue code and under revenue and taxation code section 23701d, respectively. Since the foundation is exempt from federal and state income tax liability, no provision is made for current or deferred income taxes. The foundation uses the same accounting methods for tax and financial reporting. Management has considered its tax positions and believes that all of the positions taken in its federal and state exempt organization returns are more likely than not to be sustained upon examination. The foundation's returns are subject to examination by federal and state taxing authorities, generally for three years and four years, respectively, after they are filed.”

Schedule D Part XI Line 4B

“Credit card processing fees”

Schedule D Part XII Line 4B

“Credit card processing fees”

Raw XML AppendixShowing 400 of 579 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/ActivityOrMissionDesc0OUR MISSION: TO ACHIEVE BETTER VASCULAR HEALTH FOR ALL THROUGH A PATIENT-CENTRIC APPROACH TO RESEARCH AND EDUCATION. OUR VISION: A WORLD WHERE EVERYONE EXPERIENCES HEALTHY VASCULAR SYSTEMS - THE ARTERIES AND VEINS THAT SUPPORT THE EFFECTIVE FUNCTIONING OF ALL THE BODY'S ORGANS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY, CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/MissionDesc0OUR MISSION: TO ACHIEVE BETTER VASCULAR HEALTH FOR ALL THROUGH A PATIENT-CENTRIC APPROACH TO RESEARCH AND EDUCATION. OUR VISION: A WORLD WHERE EVERYONE EXPERIENCES HEALTHY VASCULAR SYSTEMS - THE ARTERIES AND VEINS THAT SUPPORT THE EFFECTIVE FUNCTIONING OF ALL THE BODY'S ORGANS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION AND COMMUNITY AWARENESS PROGRAMS RAISE AWARENESS OF THE RISKS, CONSEQUENCES, AND NEW TREATMENTS FOR VASCULAR DISEASE. WE EMPHASIZE EMPOWERMENT AND SHARED DECISION-MAKING BEST PRACTICES, HELPING TO ENSURE THAT PATIENTS WITH VASCULAR DISEASE AND THEIR FAMILIES ARE EQUIPPED WITH THE KNOWLEDGE TO MAKE INFORMED DECISIONS ABOUT THEIR HEALTH CARE. WE HAVE A SPECIFIC FOCUS ON PREVENTION AND MAKING RESOURCES ACCESSIBLE TO VULNERABLE POPULATIONS AND COMMUNITIES. EVERY YEAR, MORE THAN 200,000 INDIVIDUALS AROUND THE WORLD VISIT OUR WEBSITE TO LEARN ABOUT VASCULAR DISEASE AND CONNECT TO CRITICAL RESOURCES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0264145
IRS990/ProgSrvcAccomActy3Grp/Desc0THE WYLIE SCHOLAR AWARD AND THE COLLABORATIVE PATIENT-CENTERED RESEARCH AWARD PROVIDE CAREER RESEARCH GRANTS THAT ADVANCE INNOVATION IN VASCULAR RESEARCH. THE WYLIE SCHOLAR AWARD IS GRANTED TO OUTSTANDING YOUNG VASCULAR SURGEON-SCIENTISTS WHO COMBINE ACTIVE PATIENT CARE WITH ACADEMIC RESEARCH. THE AWARD SUPPORTS CRUCIAL PATIENT-CENTERED RESEARCH THAT ENABLES THEM TO COMPETE FOR FUTURE RESEARCH FUNDING. WYLIE SCHOLARS BECOME NORTH AMERICA'S WORLD-CLASS VASCULAR SURGEON-SCIENTISTS; MANY ARE NOW CHIEFS AT MAJOR ACADEMIC CENTERS, PROMINENT LEADERS IN THE FIELD. SINCE 1996, WE'VE SUPPORTED 25 SURGEON-SCIENTISTS AT 16 INSTITUTIONS AROUND THE COUNTRY WHO ARE TRANSFORMING PATIENT CARE. THE AVERAGE RETURN ON INVESTMENT FOR FOLLOW-ON RESEARCH FUNDING IS 30:1. THE COLLABORATIVE PATIENT CENTERED RESEARCH AWARD PROVIDES SUPPORT FOR PROJECTS THAT OFFER INNOVATIVE APPROACHES WITH DIRECT PATIENT IMPACT AND ARE MULTI-INSTITUTIONAL AND RESPONSIVE TO THE PRIORITIES IDENTIFIED AT OUR ANNUAL VASCULAR HEALTH INNOVATION SUMMIT.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt050000
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,309,404
Liabilities
$200,038
Net assets
$4,109,366
Revenue
$1,853,089
Expenses
$1,111,076
Net income
$742,013
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.31$0.20$4.11$1.85$1.11$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$0.32$3.25$1.61$1.83$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.79$0.48$3.30$2.15$2.06$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$0.56$3.56$0.52$0.81$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$0.07$3.37$1.23$0.74$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.02$2.96$1.07$0.77$0.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$0.02$2.74$0.50$0.90$0.40
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.02$2.99$0.30$1.06$0.76
2016Detailed filing. Detailed filing data is available for this year.$3.66$0.11$3.55$0.33$0.94$0.61
2015Detailed filing. Detailed filing data is available for this year.$4.29$0.05$4.23$1.62$0.79$0.83
2014Detailed filing. Detailed filing data is available for this year.$3.43$0.03$3.40$1.52$0.70$0.82
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.04$2.44$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.03$1.15$0.73
2011Summary only. Only limited summary data is available for this year.$1.51$0.02$1.50$1.06$0.61$0.45