2024-03-05T10:56:54-06:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 521254078 SARNOFF CARDIOVASCULAR RESEARCH FOUNDATION INC SARN 7037597600 1390 CHAIN BRIDGE RD 50051 MCLEAN VA 22101 DANA QUINN BOYD EXECUTIVE DIRECTOR 7037597600 2024-03-05 1 DANA QUINN BOYD 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS MICHEL 1390 CHAIN BRIDGE RD 50051 MCLEAN VA 22101 2258198 0 X WWW.SARNOFFFOUNDATION.ORG X 1981 MD TO SUPPORT THE PURSUIT OF CAREERS IN CARDIOVASCULAR SCIENCE. 14 14 2 50 17342 14474 481905 75005 0 0 -957624 1931122 4423 19159 -471296 2025286 952653 927693 0 0 240996 240312 0 0 20581 441045 382685 1634694 1550690 -2105990 474596 44192037 46760826 883328 840900 43308709 45919926 X THE OBJECTIVE OF THE FOUNDATION IS TO SUPPORT THE PURSUIT OF CAREERS IN CARDIOVASCULAR SCIENCE. THE FOUNDATION PRIMARILY FULFILLS THIS MISSION BY SUPPORTING RESEARCH FELLOWSHIPS AND SCHOLARSHIPS TO MEDICAL STUDENTS AND PHYSICIANS AND EARLY CAREER PHYSICIAN-SCIENTISTS. 0 0 1064237 925912 FELLOWSHIPS AND SCHOLARSHIPS - GRANTS MADE TO STUDENTS AND EARLY CAREER PHYSICIAN-SCIENTISTS WHO ARE PURSUING A RESEARCH CAREER IN THE CARDIOVASCULAR SCIENCES. 202802 1781 SARNOFF CARDIOVASCULAR RESEARCH FOUNDATION ANNUAL SCIENTIFIC MEETING - THE FOUNDATION USUALLY INVITES ITS CURRENT AND FORMER FELLOWS AND SCHOLARS, EACH SPRING, TO ENGAGE IN THE FOUNDATION'S ANNUAL SCIENTIFIC MEETING. THE MEETING GIVES A FORUM FOR THE FELLOWS AND SCHOLARS TO PRESENT THEIR SARNOFF RESEARCH TO THE FOUNDATION'S VOLUNTEERS AND THE PRECEPTORS, SPONSORS, FORMER FELLOWS AND SCHOLARS, AND PROMINENT SCIENTISTS WHO SERVE ON THE FOUNDATION'S COMMITTEES. THE MEETING ALSO PROVIDES MENTORING SESSIONS AND COLLABORATIONS WITH FORMER FELLOWS AND COLLEAGUES. FELLOWS AND SCHOLARS ARE ALSO GIVEN GUIDANCE ON THEIR CAREER AND RESEARCH DIRECTIONS. FORMER FELLOWS AND OTHER SCIENTISTS ALSO PRESENT THEIR RESEARCH TO THE PARTICIPANTS. 27002 BOARD OF DIRECTORS - THE BOARD OF DIRECTORS (BOARD) IS THE GOVERNING BODY OF THE FOUNDATION. THE BOARD'S MEMBERSHIP IS CONTROLLED BY THE PUBLICLY SUPPORTED ORGANIZATIONS THROUGH THE NOMINATIONS PROCESS. THE BOARD TYPICALLY CONVENES AT LEAST TWICE ANNUALLY IN PERSON AND ALSO CONDUCTS FREQUENT VIRTUAL MEETINGS IN ORDER TO CONDUCT THE BUSINESS OF THE FOUNDATION. THE BOARD HAS SEVERAL STANDING AND OTHER COMMITTEES THAT ASSIST IN THE WORK AND GOVERNANCE OF THE FOUNDATION. IT ALSO SETS THE STRATEGIC DIRECTION OF THE FOUNDATION. 17575 ALUMNI - THE FOUNDATION PROVIDES NETWORKING OPPORTUNITIES AND CONTINUED TRAINING TO ITS ALUMNI THROUGH NEWSLETTERS, REGIONAL MEETINGS, AND EDUCATIONAL WEBINARS. PERIODICALLY, THE FOUNDATION HOLDS LEADERSHIP CONFERENCES FOR THE BENEFIT OF ITS ALUMNI. 17575 1311616 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 6 0 1 2 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NV OH OK OR PA RI SC TN UT VA WA WI WV X PATRICK CURTIS CPA 3015643636 6903 ROCKLEDGE DR STE 300 BETHESDA MD 20817 X THOMAS MICHEL PRESIDENT & CHAIR 1.00 X X 0 0 0 JOSEPH HILL IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 RONGLIH LIAO VICE CHAIR 1.00 X X 0 0 0 JAVID MOSLEHI SECRETARY 1.00 X X 0 0 0 CHARLES LOWENSTEIN TREASURER 2.00 X X 0 0 0 SHARLENE DAY MEMBER 1.00 X 0 0 0 DANIEL GREIF MEMBER 1.00 X 0 0 0 JENNIFER HO MEMBER 1.00 X 0 0 0 CHARLES HONG MEMBER 1.00 X 0 0 0 RICHARD KITSIS MEMBER 1.00 X 0 0 0 DANIEL LEVY MEMBER 1.00 X 0 0 0 ARUN PADMANABHAN MEMBER 1.00 X 0 0 0 SVATI SHAH MEMBER 1.00 X 0 0 0 ANDREW PLUMP MEMBER 1.00 X 0 0 0 DANA QUINN BOYD EXECUTIVE DIRECTOR 30.00 X 186582 0 26625 186582 0 26625 1 0 1 0 0 75005 75005 1094054 17342 1076712 1069980 232912 837068 837068 837068 OTHER REVENUE 900099 19159 19159 19159 2025286 0 17342 1932939 927693 927693 173666 151089 17367 5210 29653 25748 2941 964 22197 12997 8743 457 14796 9778 4676 342 9399 5010 390 3999 105918 105918 48744 48744 17146 8150 8996 1346 1346 12252 4028 7288 936 62382 61968 414 99961 96698 3263 60 60 258 258 9387 9387 DUES & SUBSCRIPTIONS 13022 6095 2016 4911 PAYROLL RELATED FEES 1460 1460 TEMPORARY STAFF 1016 1016 MISCELLANEOUS 334 -165 499 1550690 1311616 218493 20581 207118 174120 338015 223624 43925 65395 17403 11651 1289 967 580 322 42245248 45289488 1339748 996226 44192037 46760826 103328 126816 780000 714084 883328 840900 X 42696822 45375617 611887 544309 43308709 45919926 44192037 46760826 474596 2136621 0 X 0 1 X 1 0 X X 18 ALBERT EINSTEIN COLLEGE OF MEDICINE 472209056 2 0 0 0 CLEVELAND CLINIC 340714585 3 0 0 0 CREIGHTON UNIVERSITY 470376583 2 0 0 0 DUKE UNIVERSITY 560532129 2 0 0 0 HARVARD MEDICAL SCHOOL 042103580 2 0 0 0 JOHNS HOPKINS UNIVERSITY 520595110 2 0 0 0 MEHARRY MEDICAL COLLEGE 620488046 2 0 0 0 MOUNT SINAI HOSPITAL 131624096 3 0 0 0 STANFORD UNIVERSITY 941156365 2 0 0 0 UNIVERSITY OF ARIZONA 852480775 2 0 0 0 UNIVERSITY OF CALIFORNIA SAN DIEGO 956006144 2 0 0 0 UNIVERSITY OF CALIFORNIA SAN FRANCISCO 946036493 2 0 0 0 UNIVERSITY OF MICHIGAN 386006309 2 0 0 0 UNIVERSITY OF MINNESOTA 416007513 2 0 0 0 UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL SCHOOL 756002868 2 0 0 0 UNIVERSITY OF VERMONT 031379440 2 0 0 0 UNIVERSITY OF WISCONSIN 391805963 2 0 0 0 VANDERBILT UNIVERSITY 620476822 2 0 0 0 18 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 1: THE FOUNDATION OPERATES EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF CERTAIN PUBLICLY SUPPORTED ORGANIZATIONS (PSOS). THESE PSOS ARE DESIGNATED BY PURPOSE. EACH PSO IS A PUBLICLY SUPPORTED ORGANIZATION EITHER AS AN IRC SECTION 170(B)(1)(A)(II), 170(B)(1)(A)(III), OR IS DESCRIBED IN IRC SECTIONS 509(A)(1) OR (2). EACH PSO IS ACTIVELY ENGAGED IN DEVELOPING, ENCOURAGING AND MAINTAINING A CARDIOVASCULAR SCIENCE PROGRAM IN THE UNITED STATES OF AMERICA AND EITHER; (A) HAS SERVED OR IS SERVING AS A HOST INSTITUTION OR SPONSORING INSTITUTION FOR A FELLOW; OR (B) IS DESIGNATED BY A MAJORITY OF THE FOUNDATION'S BOARD OF DIRECTORS AS A QUALIFYING PSO. PART IV, SECTION A, LINE 2: SOME OF THE PSOS DO NOT HAVE AN IRS DETERMINATION OF STATUS UNDER IRC SECTIONS 509(A)(1) OR (2). HOWEVER, THEY ARE PUBLICLY SUPPORTED INSTITUTIONS OF HIGHER EDUCATION RECOGNIZED AS ARMS OF STATE OR LOCAL GOVERNMENTS, WHO MAY BE DESCRIBED IN SECTIONS 509(A)(1) OR (2). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1289 967 322 322 X 4113163 2136621 2136621 1976542 48744 48744 2025286 1501946 0 1501946 48744 48744 1550690 PART X, LINE 2: FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THE FOUNDATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 GRANTS & FELLOW AND SCHOLAR BENEFITS 45 927693 PART I, LINE 2: GRANTS ARE PAID TO INDIVIDUALS AS MONTHLY STIPENDS PER AGREEMENT AND REQUESTS ARE REIMBURSED FOR ACTUAL BENEFITS INCURRED BY INDIVIDUALS. RECEIPTS AND INVOICES SUPPORTING REIMBURSEMENTS ARE REQUIRED AS BACK UP AND PROOF OF BENEFITS INCURRED AND REIMBURSED. X X X X 0 0 0 0 0 0 0 1 0 DANA QUINN BOYD EXECUTIVE DIRECTOR 161582 0 25000 0 0 0 18625 0 8000 0 213207 0 0 0 PART I, LINE 7 THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS CONDUCT AN ANNUAL REVIEW FOR THE EXECUTIVE DIRECTOR, AT WHICH THEY DECIDE WHETHER TO AWARD A PERFORMANCE BASED BONUS. FORM 990, PART VI, SECTION A, LINE 1: THE EXECUTIVE COMMITTEE HAS THE POWER TO EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE FOUNDATION. THE EXECUTIVE COMMITTEE REPORTS ON ITS ACTIVITIES, AT A MINIMUM, AT EACH MEETING OF THE BOARD. THE EXECUTIVE COMMITTEE MAY NOT AMEND THE BYLAWS, ELECT OR REMOVE DIRECTORS, APPROVE OR MODIFY THE BUDGET, HIRE OR TERMINATE THE EXECUTIVE DIRECTOR, OR MAKE MAJOR STRUCTURAL DECISIONS AFFECTING THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE ORGANIZATION'S SENIOR MANAGEMENT. THE DRAFT 990 WAS PRESENTED IN ELECTRONIC FORMAT VIA EMAIL TO ALL MEMBERS OF THE AUDIT COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION IN A VIRTUAL MEETING. AFTER REVIEW AND DISCUSSION, THE 990 WAS APPROVED FOR FILING (WITH CHANGES AS RECOMMENDED, IF ANY). FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICTS OF INTEREST POLICY IS ELECTRONICALLY DISTRIBUTED TO EACH BOARD MEMBER, OFFICER AND KEY EMPLOYEE UPON HIS/HER ARRIVAL TO THE FOUNDATION. IT IS ALSO ELECTRONICALLY DISTRIBUTED ANNUALLY AND A STATEMENT IS SIGNED BY EACH MEMBER ANNUALLY AND REVIEWED BY LEGAL COUNSEL. NON-INTERESTED DIRECTORS DISCUSS ANY QUESTIONABLE TRANSACTIONS AND MAY ASK THE INTERESTED PARTY TO LEAVE THE DISCUSSION. ONCE A CONFLICT OF INTEREST IS IDENTIFIED, THE CHAIR OF THE BOARD APPOINTS A DISINTERESTED PARTY TO INVESTIGATE FURTHER. AFTER ALL DUE DILIGENCE IS PERFORMED, THE BOARD CAN MODIFY THE TRANSACTION TO REMOVE THE CONFLICT OR MAY APPROVE THE TRANSACTION AS LONG AS IT IS DETERMINED: TO BE IN THE FOUNDATION'S BEST INTEREST; FAIR AND REASONABLE; AND THAT THE FOUNDATION CANNOT OBTAIN A MORE ADVANTAGEOUS TRANSACTION. IF THESE PROCEDURES ARE NOT FOLLOWED, THE CONFLICTED TRANSACTION IS DEEMED TO BE VOID. INTENTIONAL VIOLATION OF THE POLICY BY ANY FIDUCIARY IS GROUNDS FOR REMOVAL FROM HIS/HER POSITION BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY AND PERFORMANCE IS REVIEWED ANNUALLY AT THE END OF THE FISCAL YEAR BY MEMBERS OF THE EXECUTIVE COMMITTEE (SUB-COMMITTEE OF THE BOARD OF DIRECTORS), THE RESULTS OF WHICH ARE DOCUMENTED IN THE BOARD MINUTES. OUTSIDE SALARY SURVEYS AND ANALYSIS PERFORMED BY INDEPENDENT ADVISORS ARE REFERENCED TO COMPARE THE EXECUTIVE DIRECTOR'S COMPENSATION TO INDUSTRY STANDARDS. THE LAST REVIEW TOOK PLACE IN JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT GENERALLY MADE PUBLIC. HOWEVER, UPON REQUEST, THE FOUNDATION WILL CONSIDER MAKING COPIES AVAILABLE. FORM 990, PART VII, SECTION A, COLUMN E: REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS: ALTHOUGH SARNOFF IS "RELATED" TO ITS "SUPPORTED ORGANIZATIONS AS DEFINED IN THE FORM 990 INSTRUCTIONS, SARNOFF AND THOSE ORGANIZATIONS ARE NOT OPERATED, MANAGED OR GOVERNED ON A CENTRALIZED OR INTEGRATED BASIS AND, THUS, THE RELATED ORGANIZATION COMPENSATION INFORMATION FOR ITS BOARD MEMBERS IS NOT AVAILABLE TO SARNOFF FOUNDATION. ALBERT EINSTEIN COLLEGE OF MEDICINE 1300 MORRIS PARK AVE THE BRONX NY 10461 472209056 EDUCATIONAL INSTITUTIONAL NY 501(C)(3) LINE 2 N/A 0 CLEVELAND CLINIC 9500 EUCLID AVENUE CLEVELAND OH 44195 340714585 EDUCATIONAL INSTITUTIONAL OH 501(C)(3) LINE 3 N/A 0 CREIGHTON UNIVERSITY 2500 CALIFORNIA PLAZA OMAHA NE 68178 470376583 EDUCATIONAL INSTITUTIONAL NE 501(C)(3) LINE 2 N/A 0 DUKE UNIVERSITY DUMC 2927 40 DUKE MEDICINE CIRCLE 1 DURHAM NC 27708 560532129 EDUCATIONAL INSTITUTIONAL NC 501(C)(3) LINE 2 N/A 0 HARVARD MEDICAL SCHOOL 1033 MASSACHUSETTS AVE 3RD FL CAMBRIDGE MA 02138 042103580 EDUCATIONAL INSTITUTIONAL MA 501(C)(3) LINE 2 N/A 0 JOHNS HOPKINS UNIVERSITY 733 N BROADWAY BALTIMORE MD 21205 520595110 EDUCATIONAL INSTITUTIONAL MD 501(C)(3) LINE 2 N/A 0 MEHARRY MEDICAL COLLEGE 1005 DR DB TODD JR BLVD NASHVILLE TN 37208 620488046 EDUCATIONAL INSTITUTIONAL TN 501(C)(3) LINE 2 N/A 0 MOUNT SINAI HOSPITAL 1 GUSTAVE L LEVY PLACE NEW YORK NY 10029 131624096 EDUCATIONAL INSTITUTIONAL NY 501(C)(3) LINE 3 N/A 0 STANFORD UNIVERSITY 450 SERRA MALL STANFORD CA 94305 941156365 EDUCATIONAL INSTITUTIONAL CA 501(C)(3) LINE 2 N/A 0 UNIVERSITY OF ARIZONA 1501 N CAMPBELL AVE TUCSON AZ 85724 852480775 EDUCATIONAL INSTITUTIONAL AZ 501(C)(3) LINE 2 N/A 0 UNIVERSITY OF CALIFORNIA SAN DIEGO 9500 GILMAN DR LA JOLLA CA 92093 956006144 EDUCATIONAL INSTITUTIONAL CA 115 N/A 0 UNIVERSITY OF CALIFORNIA SAN FRANCISCO 220 MONTGOMERY ST FL5 SAN FRANCISCO CA 94104 946036493 EDUCATIONAL INSTITUTIONAL CA 501(C)(3) LINE 2 N/A 0 UNIVERSITY OF MICHIGAN 1500 E MEDICAL CENTER DR ANN ARBOR MI 48109 386006309 EDUCATIONAL INSTITUTIONAL MI 501(C)(3) LINE 2 N/A 0 UNIVERSITY OF MINNESOTA 420 DELAWARE ST SE MINNEAPOLIS MN 55455 416007513 EDUCATIONAL INSTITUTIONAL MN 115 N/A 0 UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL SCHOOL 5323 HARRY HINES BLVD DALLAS TX 75390 756002868 EDUCATIONAL INSTITUTIONAL TX 115 N/A 0 UNIVERSITY OF VERMONT GIVEN MEDICAL BLDG E-126 89 BEAUMON BURLINGTON VT 05405 030179440 EDUCATIONAL INSTITUTIONAL VT 115 N/A 0 UNIVERSITY OF WISCONSIN HEALTH SCIENCES LEARNING CENTER 750 MADISON WI 53715 391805963 EDUCATIONAL INSTITUTIONAL WI 115 N/A 0 VANDERBILT UNIVERSITY 1161 21ST AVE S D3300 NASHVILLE TN 37232 620476822 EDUCATIONAL INSTITUTIONAL TN 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0