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Yl Hearts INC

Tax-deductible

Brooklyn, NY501(c)(3)UnclassifiedEIN 46-4240124Revenue $820K in FY2024

On file with the IRS958 45th St, 11219-1701 · Brooklyn, NYTax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To provide support of children and adults with congenital heart defects and related physical illnesses including providing support for families of such children.

501(c)(3) charity; gifts are tax-deductible.
35¢ of each $1 spent went to programs.
Run by 4 volunteers and 1 employee.
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
3 of 4
filings with a surplus
Average surplus $210K a year · 35% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $8K
Looks good: 7 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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$820K
+131% vs prior year
Spent
$532K
To programs
35%
Net assets
$329K
By yearFY2020–FY2024
Revenue
$820K
FY2024▲ +131%
Tap a bar for its year
Revenue by fiscal year
FY2020$48K
FY2021$606K
FY2022$650K
FY2023$356K
FY2024$820K
Expenses
$532K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$176K
FY2022$308K
FY2023$577K
FY2024$532K
Net assets
$329K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2020$1K
FY2021$0
FY2022$0
FY2023$0
FY2024$329K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Where the money goes

35 cents of each dollar spent went to programs.

Program services 35% · $188K Management & general 36% · $190K Fundraising 29% · $154K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Aron Waks
Director
$0Pt VII · Sec A
Chaya Waks
Secretary
$0Pt VII · Sec A
See Yl Hearts INC 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

Supports children and adults with congenital heart defects and their families.

Provided by the organization

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1 program · $188K · in their own filed words · FY2024
01

The organization provides children suffering from heart defects and their families comprehensive emotional and social support. The organization assists patients in their dealings with medical insurance providers.

$188Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
The Ojc FundFY2024$5K
Raymond and Sharon Haber Foundation INCFY2024$2K
Mary & Abe Sutton FoundationFY2024$301
Chehebar Family Foundation INCFY2024$300
Alyad Foundation INCFY2024$100
Light of Chaim FoundationFY2024$100
Lchayim Foundation INCFY2024$72
Total grants receivedfrom 7 funders$8K
See all 7 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$820K
Ln 12
Gifts and grantsLn 1h$820K
Money outPt IX
$532K
Ln 25
Programscol B$188K
Managementcol C$190K
Fundraisingcol D$154K
Owns and owesPt X
$329K
net assets · Ln 32
Cash and savingsLn 1–2$329K
Total assetsLn 16$329K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$820K
Total revenueLn 12$820K
Assets in detailPt X, end of year
CashLn 1$329K
Cash and savings togetherLn 1–2$329K
Total assetsLn 16$329K
LiabilitiesLn 26$0
Net assetsLn 32$329K
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$41K$329K
Total assetsLn 16$41K$329K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$329K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$0$2K$0
Other fees for servicesLn 11g$4K$4K$0$0
Advertising and promotionLn 12$10K$0$0$10K
Office expensesLn 13$9K$0$9K$0
Information technologyLn 14$19K$10K$9K$0
OccupancyLn 16$57K$0$57K$0
Other expenses (24a–d)Ln 24$318K$174K$0$144K
All other expensesLn 24e$113K$0$113K$0
Total functional expensesLn 25$532K$188K$190K$154K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $820K$532K$288K$329K 990 PDF
FY2023 $356K$577K−$221K$0 990 PDF
FY2022 $650K$308K$342K$0 990 PDF
FY2021 $606K$176K$430K$0 990 PDF
FY2020 $48K$1K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $820,408 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $355,694$820,408
I-9 Program service revenuePrior year $0$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $355,694$820,408
I-13 Grants and similar amounts paidPrior year $346$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $576,627$531,967
I-18 Total expensesPrior year $576,973$531,967
I-19 Revenue less expensesPrior year −$221,279$288,441
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $820,408 across 3 lines filed
VIII-1f All other contributions, gifts and grants$820,408
VIII-1h Total contributions, gifts and grants$820,408
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$820,408
Part IX · Statement of functional expenses $531,967 across 8 lines filed
IX-11c Accounting feesPrograms $0 · Management $2,100 · Fundraising $0$2,100
IX-11g Other fees for servicesPrograms $3,998 · Management $0 · Fundraising $0$3,998
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $10,396$10,396
IX-13 Office expensesPrograms $0 · Management $9,164 · Fundraising $0$9,164
IX-14 Information technologyPrograms $10,340 · Management $8,979 · Fundraising $0$19,319
IX-16 OccupancyPrograms $0 · Management $56,756 · Fundraising $0$56,756
IX-24 Other expenses (24a–d)Programs $173,964 · Management $0 · Fundraising $143,627$317,591
IX-24e All other expensesPrograms $0 · Management $112,643 · Fundraising $0$112,643
IX-25 Total functional expensesPrograms $188,302 · Management $189,642 · Fundraising $154,023$531,967
Part X · Balance sheet $329,436 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $40,995$329,436
X-16 Total assetsStart of year $40,995$329,436
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $40,995$329,436
X-32 Total net assets or fund balancesStart of year $40,995$329,436
X-33 Total liabilities and net assetsStart of year $40,995$329,436
Part XI · Reconciliation of net assets $329,436 net assets at year end
XI-1 Total revenue$820,408
XI-2 Total expenses$531,967
XI-3 Revenue less expenses$288,441
XI-4 Net assets at start of year$40,995
XI-10 Net assets at end of year$329,436

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

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