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Saving Tiny Hearts Society

Tax-deductible

Buffalo Grove, IL501(c)(3)Foundations & Grantmakers EIN 20-5505536Revenue $794K in FY2024

On file with the IRSsavingtinyhearts.org1305 Busch Parkway 200, 60089-4509 · Buffalo Grove, ILTax-exempt since May 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Raise money to fund the research of congenital heart defects in children

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $103K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $144K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$794K
+13% vs prior year
Spent
$652K
To programs
92%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$794K
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$413K
FY2021$443K
FY2022$512K
FY2023$702K
FY2024$794K
Expenses
$652K
FY2024▲ +55%
Tap a bar for its year
Expenses by fiscal year
FY2020$300K
FY2021$650K
FY2022$326K
FY2023$420K
FY2024$652K
Net assets
$1.3M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$979K
FY2021$773K
FY2022$959K
FY2023$1.2M
FY2024$1.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $600K Management & general 7% · $44K Fundraising 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Larry Kluge
Chairman
$0Pt VII · Sec A
Brian Paul
President
$0Pt VII · Sec A
James Conzemius
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Francie Paul
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
William Adolph
Vice President
$0Pt VII · Sec A
Loren Wold
Director
$0Pt VII · Sec A
See Saving Tiny Hearts Society executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds research into congenital heart defects in children.

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Provided by the organization

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1 program · $600K · in their own filed words · FY2024
01

The organization was able to provide grant funding to 6 recipients performing research of congenital heart defects in newborn babies from five different institutions.

$600Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$67K
Morgan Stanley Global Impact Funding Trust INCFY2024$30K
Yocom Family FoundationFY2024$25K
Donor Advised Charitable Giving INCFY2024$13K
American Online Giving Foundation INCFY2024$7K
Viking Global Foundation INCFY2024$2K
Total grants receivedfrom 6 funders$144K
See all 6 funders →
Grants paid · 28 grants · $2.3M · 2020–2024
Icahn School of Medicine at Mount SinaiNY · FY2024$199,798
San Diego State University FoundationCA · FY2024$100,000
Vanderbilt University Medical CenterTN · FY2024$100,000
Rutgers New Jersey Medical SchoolFY2024$100,000
The Board of Trustees of the Leland Stanford Junior UniversityCA · FY2024$100,000
Worcester Polytechnic InstituteMA · FY2023$75,000
Huntington Medical Research InstitutesCA · FY2023$75,000
Trustees of the University of PennsylvaniaPA · FY2023$75,000
The Medical College of Wisconsin INCWI · FY2023$75,000
Regents of the University of CaliforniaCA · FY2023$75,000
Medical University of So CarolinaSC · FY2022$75,000
Regents of the University of California at San DiegoCA · FY2022$75,000
University of ArizonFY2022$75,000
Nationwide Childrens Hospital INCOH · FY2022$74,683
Johns Hopkins UniversityMD · FY2022$72,885
Johns Hopkins UniversityMD · FY2021$100,000
The Board of Trustees of the Leland Stanford Junior UniversityCA · FY2021$75,000
Regents of the University of California at San DiegoCA · FY2021$75,000
See all 28 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$794K
Ln 12
Gifts and grantsLn 1h$758K
Investment incomeLn 3$20K
Other incomeLn 4–11$16K
Money outPt IX
$652K
Ln 25
Programscol B$600K
Managementcol C$44K
Fundraisingcol D$8K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$739K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$758K
Noncash giftsLn 1g$192K
Fundraising eventsLn 1c$645K
Investment incomeLn 3$20K
Other incomeLn 4–11$16K
Gains on assetsLn 7−$83
Total revenueLn 12$794K
Assets in detailPt X, end of year
CashLn 1$739K
Cash and savings togetherLn 1–2$739K
InvestmentsLn 11–13$551K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$851K$739K
InvestmentsLn 11–13$377K$551K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$75K$0
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$600K$600K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$167$167
Advertising and promotionLn 12$636$636
Office expensesLn 13$7K$7K
Information technologyLn 14$513$513
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$652K$600K$44K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $794K$652K$142K$1.3M 990 PDF
FY2023 $702K$420K$283K$1.2M 990 PDF
FY2022 $512K$326K$186K$959K 990 PDF
FY2021 $443K$650K−$207K$773K 990 PDF
FY2020 $413K$300K$113K$979K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $794,168 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $701,998$757,746
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,812$20,479
I-11 Other revenuePrior year −$7,656$15,943
I-12 Total revenuePrior year $702,154$794,168
I-13 Grants and similar amounts paidPrior year $375,000$599,798
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $44,544$52,045
I-18 Total expensesPrior year $419,544$651,843
I-19 Revenue less expensesPrior year $282,610$142,325
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $794,168 across 9 lines filed
VIII-1c Fundraising events$645,162
VIII-1f All other contributions, gifts and grants$112,584
VIII-1g Noncash contributions (included above)$191,657
VIII-1h Total contributions, gifts and grants$757,746
VIII-3 Investment incomeExcluded from tax $20,562$20,562
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$83−$83
VIII-8 Net income from fundraising eventsExcluded from tax −$59,057−$59,057
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $75,000$75,000
VIII-12 Total revenueRelated to mission $75,000 · Unrelated business $0 · Excluded from tax −$38,578$794,168
Part IX · Statement of functional expenses $651,843 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $599,798$599,798
IX-11c Accounting feesManagement $11,050$11,050
IX-11g Other fees for servicesManagement $167$167
IX-12 Advertising and promotionFundraising $636$636
IX-13 Office expensesFundraising $7,317$7,317
IX-14 Information technologyFundraising $513$513
IX-23 InsuranceManagement $1,452$1,452
IX-24 Other expenses (24a–d)Management $30,910$30,910
IX-25 Total functional expensesPrograms $599,798 · Management $43,579 · Fundraising $8,466$651,843
Part X · Balance sheet $1,308,451 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $850,696$738,614
X-9 Prepaid expenses and deferred chargesStart of year $13,500$18,500
X-11 Publicly traded securitiesStart of year $376,902$551,337
X-16 Total assetsStart of year $1,241,098$1,308,451
X-18 Grants payableStart of year $75,000$0
X-26 Total liabilitiesStart of year $75,000$0
X-27 Net assets without donor restrictionsStart of year $1,166,098$1,308,451
X-32 Total net assets or fund balancesStart of year $1,166,098$1,308,451
X-33 Total liabilities and net assetsStart of year $1,241,098$1,308,451
Part XI · Reconciliation of net assets $1,308,451 net assets at year end
XI-1 Total revenue$794,168
XI-2 Total expenses$651,843
XI-3 Revenue less expenses$142,325
XI-4 Net assets at start of year$1,166,098
XI-5 Net unrealized gains (losses) on investments$28
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,308,451

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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