GOLD2023

FORHEARTS WORLDWIDE

Together We Provide Life-saving Care ForHearts in Need

aka HEARTBEAT INTERNATIONAL FOUNDATION INC   |   Tampa, FL   |  https://forhearts.org/
GuideStar Charity Check

FORHEARTS WORLDWIDE

EIN: 26-0330887


Mission

ForHearts Worldwide is a non-profit organization that saves lives by fundraising and creating a network for providing implantable cardiovascular devices for people in need in developing countries around the world.

Ruling year info

2007

Chairman

Dr. Thomas C Crawford

Executive Director

Laura DeLise

Main address

3225 South MacDill Avenue Suite 129-250

Tampa, FL 33629 USA

Show more contact info

EIN

26-0330887

Subject area info

Rehabilitation

Heart and circulatory system diseases

International relations

Population served info

People with diseases and illnesses

NTEE code info

Heart and Circulatory System (G43)

Alliance/Advocacy Organizations (Q01)

Rehabilitative Medical Services (E50)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Affiliations

See related organizations info

What we aim to solve

SOURCE: Self-reported by organization

We aim to give a pacemaker and it's corresponding surgery to every patient that can not afford it.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Pacemaker Distribution and Implantation

ForHearts Worldwide coordinates the donation, distribution, and implantation of pacemakers and defibrillators and other cardiac devices from the medical industry.  Our Heart Centers across the globe, comprised of a network of local doctors and hospitals, provide surgery, treatment and life-long follow-up care to our indigent patients at no cost to ensure that our mission of saving lives is fulfilled.
 

This program utilizes millions of dollars worth of medical equipment which is not reflected in the numbers below as they are accounted for in Heartbeat International Worldwide's budget.  The budget below reflects Heartbeat International Foundation's expenses related to program support and training.

Population(s) Served
People with diseases and illnesses

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

ForHearts Worldwide is a non-profit organization that aims to save lives by fundraising and creating a network for providing implantable cardiovascular devices for people in need in developing countries around the world.

1. Partner with medical technology companies like BIOTRONIK US, Boston Scientific, and Abbott to provide cardiac devices.
2. Operating international heart centers to locate those in desperate need of cardiac care.
3. Fundraising to provide life-saving care #ForHearts in need.

Financials

FORHEARTS WORLDWIDE
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

19.27

Average of 3.08 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

8.1

Average of 2.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

8%

Average of 9% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

FORHEARTS WORLDWIDE

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

FORHEARTS WORLDWIDE

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

FORHEARTS WORLDWIDE

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of FORHEARTS WORLDWIDE’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $1,118,481 -$3,144,352 -$1,068,368 -$247,407 -$360,978
As % of expenses 62.2% -42.9% -65.9% -17.6% -37.3%
Unrestricted surplus (deficit) after depreciation $1,114,653 -$3,146,623 -$1,069,950 -$247,697 -$362,449
As % of expenses 61.8% -42.9% -66.0% -17.6% -37.4%
Revenue composition info
Total revenue (unrestricted & restricted) $2,917,796 $4,188,764 $552,314 $1,157,069 $604,981
Total revenue, % change over prior year 1108.2% 43.6% -86.8% 109.5% -47.7%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.2%
Government grants 0.0% 0.0% 0.0% 195.7% 0.0%
All other grants and contributions 98.6% 99.3% 92.0% -99.3% 90.6%
Other revenue 1.4% 0.7% 8.0% 3.5% 9.2%
Expense composition info
Total expenses before depreciation $1,799,315 $7,333,116 $1,620,682 $1,404,476 $968,496
Total expenses, % change over prior year 831.5% 307.6% -77.9% -13.3% -31.0%
Personnel 6.0% 1.3% 5.3% 6.5% 15.0%
Professional fees 1.2% 0.4% 3.6% 3.8% 8.1%
Occupancy 0.1% 0.0% 0.2% 0.3% 0.4%
Interest 0.4% 0.1% 0.3% 0.2% 0.0%
Pass-through 91.0% 97.4% 86.7% 83.2% 63.8%
All other expenses 1.2% 0.8% 4.0% 6.0% 12.6%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,803,143 $7,335,387 $1,622,264 $1,404,766 $969,967
One month of savings $149,943 $611,093 $135,057 $117,040 $80,708
Debt principal payment $1,458 $15,795 $0 $58,841 $73
Fixed asset additions $0 $0 $0 $3,866 $0
Total full costs (estimated) $1,954,544 $7,962,275 $1,757,321 $1,584,513 $1,050,748

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.1 0.0 1.2 7.9 8.1
Months of cash and investments 0.1 0.0 1.2 7.9 8.1
Months of estimated liquid unrestricted net assets 37.0 3.9 9.9 9.2 8.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $8,761 $10,195 $165,753 $926,664 $651,806
Investments $0 $0 $0 $0 $0
Receivables $12,505 $8,512 $35,695 $10,000 $35,944
Gross land, buildings, equipment (LBE) $17,011 $17,011 $17,011 $20,877 $20,877
Accumulated depreciation (as a % of LBE) 73.4% 86.8% 96.1% 79.7% 86.7%
Liabilities (as a % of assets) 2.3% 4.4% 25.5% 8.8% 4.7%
Unrestricted net assets $5,547,305 $2,400,682 $1,330,732 $1,083,035 $720,586
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $5,547,305 $2,400,682 $1,330,732 $1,083,035 $720,586

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Chairman

Dr. Thomas C Crawford

Dr. Crawford is a Clinical Associate Professor with the University of Michigan Health, Frankel Cardiovascular Center. As a cardiac electrophysiologist, he specializes in the areas of atrial fibrillation, ventricular tachycardia, and cardiac sarcoidosis. A decade ago, through a project he and his University of Michigan team developed called My Heart Your Heart, Dr. Crawford began focusing on the issue of access to pacemakers for patients in low-income countries. That led him to connect with then Heartbeat International Foundation Chairman, Dr. Benedict S. Maniscalco, with the goal of aligning the two programs and learning from one another.

Executive Director

Laura DeLise

Number of employees

Source: IRS Form 990

FORHEARTS WORLDWIDE

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

FORHEARTS WORLDWIDE

Board of directors
as of 01/26/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Dr. Thomas Crawford

Jan Henderson

Joseph Messer

Peter Musaib-Ali

Benedict Maniscalco

Thomas Crawford

Ariel Garcia

Federico Alfaro

David Katcher

Ron Mills

Ricardo Meneses

Janet Lorton

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 1/25/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male
Sexual orientation
Decline to state
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female
Sexual orientation
Decline to state
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser