Williams Heart Foundation

Tax-deductible

Winnetka, IL501(c)(3)Since 2002Medical ResearchEIN 75-3064056

To develop, finance, conduct and otherwise exploit medical research dedicated to the human heart and related functions of the pulmonary system along with preparing, publishing and disseminating academic and other materials setting forth the outcomes of such research, educating the public and other medical personnel and undertaking any and all activities incidental or related thereto including providing related healthcare services.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$225K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $198K a year · 192% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$225K
to officers and key staff · 37% of spending
Top officer’s pay higher than 96% of similar orgs
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$14K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$410K
+856% vs prior year
Spent
$612K
To programs
79%
Net assets
$677K
By yearFY2020–FY2025
Revenue
$410K
FY2025▲ +856%
Revenue by fiscal year
FY2020−$87K
FY2021$174K
FY2022$41K
FY2023$36K
FY2024$43K
FY2025$410K
Expenses
$612K
FY2025▲ +185%
Expenses by fiscal year
FY2020$265K
FY2021$264K
FY2022$237K
FY2023$210K
FY2024$215K
FY2025$612K
Net assets
$677K
FY2025▼ -29%
Net assets by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$949K
FY2023$775K
FY2024$951K
FY2025$677K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2005.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $484K Management & general 21% · $128K

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

Who runs it and what they're paid

5 people listed on the 990; $225K paid to officers and key staff.

Part VII, Section A · reportable compensation
$224,540Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Randall E Williams MD’s $225K as President is at the 96th percentile of top reported officer pay among 328 $100K–1M medical research 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Randall E Williams MD$224,540$150,000$148,000$150,000$150,000$167,367

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 Williams 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds heart research and educates the public on findings to promote health.

Provided by the organization

This section is blank until Williams Heart Foundation claims this page.

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1 program service account for $484K of program spending, described in the organization's own filed words · FY2025.
01

Continued marketing and promotion of the organizations mission and ongoing identification and evaluation of appropriate projects to fund in accordance with that mission.

$484Kprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$410K
Ln 12
Gifts and grantsLn 1h$350K
Investment incomeLn 3$60K
Money outPt IX
$612K
Ln 25
Programscol B$484K
Managementcol C$128K
Owns and owesPt X
$677K
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$691K
LiabilitiesLn 26$14K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$350K
Investment incomeLn 3$60K
Total revenueLn 12$410K
Assets in detailPt X, end of year
CashLn 1$65K
SavingsLn 2$41K
Cash and savings togetherLn 1–2$106K
InvestmentsLn 11–13$585K
Total assetsLn 16$691K
LiabilitiesLn 26$14K
Net assetsLn 32$677K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$32K$106K
InvestmentsLn 11–13$919K$585K
Total assetsLn 16$951K$691K
LiabilitiesLn 26$0$14K
Net assetsLn 32$951K$677K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$225K$202K$22K$0
Other salaries and wagesLn 7$268K$214K$54K$0
Other employee benefitsLn 9$47K$37K$9K$0
Payroll taxesLn 10$35K$31K$4K$0
Legal feesLn 11b$237$0$237$0
Accounting feesLn 11c$2K$0$2K$0
Office expensesLn 13$8K$0$8K$0
TravelLn 17$5K$0$5K$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$21K$0$21K$0
Total functional expensesLn 25$612K$484K$128K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $410K$612K−$202K$677K 990 PDF
FY2024 $43K$215K−$172K$951K 990 PDF
FY2023 $36K$210K−$173K$775K 990 PDF
FY2022 $41K$237K−$196K$949K 990 PDF
FY2021 $174K$264K−$91K$1.1M 990 PDF
FY2020 −$87K$265K−$352K$1.2M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $410,025 across 4 lines filed
VIII-1f All other contributions, gifts and grants$350,000
VIII-1h Total contributions, gifts and grants$350,000
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $60,025$60,025
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $60,025$410,025
Part IX · Statement of functional expenses $612,059 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $202,086 · Management $22,454 · Fundraising $0$224,540
IX-7 Other salaries and wagesPrograms $214,122 · Management $53,531 · Fundraising $0$267,653
IX-9 Other employee benefitsPrograms $37,324 · Management $9,331 · Fundraising $0$46,655
IX-10 Payroll taxesPrograms $30,646 · Management $4,179 · Fundraising $0$34,825
IX-11b Legal feesPrograms $0 · Management $237 · Fundraising $0$237
IX-11c Accounting feesPrograms $0 · Management $2,346 · Fundraising $0$2,346
IX-13 Office expensesPrograms $0 · Management $7,625 · Fundraising $0$7,625
IX-17 TravelPrograms $0 · Management $5,292 · Fundraising $0$5,292
IX-23 InsurancePrograms $0 · Management $2,051 · Fundraising $0$2,051
IX-24 Other expenses (24a–d)Programs $0 · Management $20,835 · Fundraising $0$20,835
IX-25 Total functional expensesPrograms $484,178 · Management $127,881 · Fundraising $0$612,059
Part X · Balance sheet $691,374 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,116$65,429
X-2 Savings and temporary cash investmentsStart of year $29,962$40,986
X-11 Publicly traded securitiesStart of year $918,835$584,959
X-16 Total assetsStart of year $950,913$691,374
X-17 Accounts payable and accrued expenses$371
X-25 Other liabilities$14,054
X-26 Total liabilitiesStart of year $0$14,425
X-27 Net assets without donor restrictionsStart of year $950,913$676,949
X-32 Total net assets or fund balancesStart of year $950,913$676,949
X-33 Total liabilities and net assetsStart of year $950,913$691,374
Part XI · Reconciliation of net assets $676,949 net assets at year end
XI-1 Total revenue$410,025
XI-2 Total expenses$612,059
XI-3 Revenue less expenses−$202,034
XI-4 Net assets at start of year$950,913
XI-5 Net unrealized gains (losses) on investments−$57,876
XI-8 Prior period adjustments−$14,054
XI-10 Net assets at end of year$676,949

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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