The Heart Foundation

Tax-deductible

Westlake Vlg, CA501(c)(3)Since 2002Foundations & GrantmakersEIN 45-0471117Revenue $1.8M in FY2024

On file with the IRStheheartfoundation.org31822 Village Center Rd Ste 208, 91361-4330 · Westlake Vlg, CATax-exempt since Sep 2025Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 40 volunteers and 6 employees.
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 $268K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 8% of spending
Top officer’s pay lower than 88% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
37 mo
of spending, in cash
Looks good: 36.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $38K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+39% vs prior year
Spent
$889K
To programs
67%
Net assets
$10.2M
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$990K
FY2022$1.1M
FY2023$2.0M
FY2024$1.3M
FY2024$1.8M
Expenses
$889K
FY2024▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$694K
FY2022$1.1M
FY2023$1.4M
FY2024$1.0M
FY2024$889K
Net assets
$10.2M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.1M
FY2021$8.8M
FY2022$7.7M
FY2023$8.4M
FY2024$9.0M
FY2024$10.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2025.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $593K Management & general 26% · $229K Fundraising 8% · $67K

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

7 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$68,331Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Catherine Mullaney’s $68K as Executive Director is at the 12th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024
Catherine Mullaney$68,331$81,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Heart Foundation 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

The Heart Foundation is a public foundation based in Westlake Vlg, CA, formed in 2002.

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Provided by the organization

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2 programs · $593K · in their own filed words · FY2024
01

Heart disease is the #1 cause of death for both men and women in the united states. The heart foundation is committed to saving lives through the funding of cardiac research for improved methods of heart disease prevention, detection, and treatment. Our research funds are currently directed to the P.K.

$500Kprogram expense
02

While heart disease is the #1 cause of death for both men and women in the united states, it is also one of the most preventable. The heart foundation has developed a program to educate the public about the dangers of heart disease and increase awareness of this often silent killer.

$93Kprogram 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
Total grants receivedfrom 2 funders$38K
Grants paid · 10 grants · $3.2M · 2019–2024
Cedars-Sinai Medical CenterCA · FY2024$500,000
Cedars-Sinai Medical CenterCA · FY2023$400,000
Cedars-Sinai Medical CenterCA · FY2022$700,000
The Harold & Carole Pump FoundationFY2022$2,500
Cedars-Sinai Medical CenterCA · FY2021$600,000
Weingart Center AssociationCA · FY2021$5,000
Cedars-Sinai Medical CenterCA · FY2020$350,000
Cedars-Sinai Medical CenterCA · FY2019$600,000
Harold Pump FoundationCA · FY2019$1,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$477K
Money outPt IX
$889K
Ln 25
Programscol B$593K
Managementcol C$229K
Fundraisingcol D$67K
Owns and owesPt X
$10.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$10.2M
LiabilitiesLn 26$12K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Noncash giftsLn 1g$174K
Fundraising eventsLn 1c$479K
Investment incomeLn 3$477K
Gains on assetsLn 7$104K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$2.7M
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$7.5M
Other assetsLn 15$3K
Total assetsLn 16$10.2M
LiabilitiesLn 26$12K
Net assetsLn 32$10.2M
OperationsPt I, VI
EmployeesI 56
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.6M$2.7M
InvestmentsLn 11–13$6.3M$7.5M
Total assetsLn 16$9.0M$10.2M
LiabilitiesLn 26$17K$12K
Net assetsLn 32$9.0M$10.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500K$500K
Pay of current officers, directors and key staffLn 5$86K$9K$51K$26K
Other salaries and wagesLn 7$103K$36K$57K$9K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$13K$3K$7K$2K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$51K$51K
Advertising and promotionLn 12$9K$6K$3K
Office expensesLn 13$7K$620$4K$2K
Information technologyLn 14$67K$35K$16K$16K
OccupancyLn 16$19K$19K
Conferences, conventions and meetingsLn 19$41$41
Depreciation, depletion and amortizationLn 22$3K$3K$690
InsuranceLn 23$9K$324$8K$486
Other expenses (24a–d)Ln 24$8K$200$8K
Total functional expensesLn 25$889K$593K$229K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.3M$1.0M$270K$9.0M 990 PDF
FY2023 $2.0M$1.4M$568K$8.4M 990 PDF
FY2022 $1.1M$1.1M−$21K$7.7M 990 PDF
FY2021 $990K$694K$296K$8.8M 990 PDF
FY2020 $1.4M$1.2M$226K$8.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,786,067 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,410,746
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$476,693
I-11 Other revenuePrior year $0−$101,372
I-12 Total revenuePrior year $0$1,786,067
I-13 Grants and similar amounts paidPrior year $0$500,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$202,461
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$186,407
I-18 Total expensesPrior year $0$888,868
I-19 Revenue less expensesPrior year $0$897,199
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,786,067 across 8 lines filed
Lines not itemized here account for $21,907 of total revenue; see the IRS return.
VIII-1c Fundraising events$478,748
VIII-1f All other contributions, gifts and grants$931,998
VIII-1g Noncash contributions (included above)$173,850
VIII-1h Total contributions, gifts and grants$1,410,746
VIII-3 Investment incomeExcluded from tax $372,704$372,704
VIII-7 Net gain or loss on sales of assetsExcluded from tax $103,989$103,989
VIII-8 Net income from fundraising eventsExcluded from tax −$123,279−$123,279
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $375,321$1,786,067
Part IX · Statement of functional expenses $888,868 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $500,000$500,000
IX-5 Pay of current officers, directors and key staffPrograms $8,580 · Management $51,480 · Fundraising $25,740$85,800
IX-7 Other salaries and wagesPrograms $35,913 · Management $57,461 · Fundraising $9,235$102,609
IX-9 Other employee benefitsManagement $1,523$1,523
IX-10 Payroll taxesPrograms $3,007 · Management $7,267 · Fundraising $2,255$12,529
IX-11c Accounting feesManagement $10,928$10,928
IX-11f Investment management feesManagement $51,466$51,466
IX-12 Advertising and promotionPrograms $6,426 · Fundraising $2,826$9,252
IX-13 Office expensesPrograms $620 · Management $4,469 · Fundraising $1,741$6,830
IX-14 Information technologyPrograms $35,255 · Management $15,998 · Fundraising $16,112$67,365
IX-16 OccupancyManagement $19,358$19,358
IX-19 Conferences, conventions and meetingsManagement $41$41
IX-22 Depreciation, depletion and amortizationPrograms $2,760 · Fundraising $690$3,450
IX-23 InsurancePrograms $324 · Management $8,475 · Fundraising $486$9,285
IX-24 Other expenses (24a–d)Management $200 · Fundraising $8,232$8,432
IX-25 Total functional expensesPrograms $592,885 · Management $228,666 · Fundraising $67,317$888,868
Part X · Balance sheet $10,201,948 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $6,115$36,940
X-2 Savings and temporary cash investmentsStart of year $2,622,998$2,672,169
X-9 Prepaid expenses and deferred chargesStart of year $1,204$1,210
X-12 Other securitiesStart of year $6,328,092$7,488,179
X-15 Other assetsStart of year $6,900$3,450
X-16 Total assetsStart of year $9,019,196$10,201,948
X-17 Accounts payable and accrued expensesStart of year $17,168$11,978
X-26 Total liabilitiesStart of year $17,168$11,978
X-27 Net assets without donor restrictionsStart of year $8,947,028$10,189,970
X-28 Net assets with donor restrictionsStart of year $55,000$0
X-32 Total net assets or fund balancesStart of year $9,002,028$10,189,970
X-33 Total liabilities and net assetsStart of year $9,019,196$10,201,948
Part XI · Reconciliation of net assets $10,189,970 net assets at year end
XI-1 Total revenue$1,786,067
XI-2 Total expenses$888,868
XI-3 Revenue less expenses$897,199
XI-4 Net assets at start of year$9,002,028
XI-5 Net unrealized gains (losses) on investments$284,687
XI-8 Prior period adjustments$6,056
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,189,970

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

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