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Corvita Science Foundation Nfp

Tax-deductible

Chicago, IL501(c)(3)Since 2016Education EIN 81-3971777Revenue $438K in FY2025Latest return filed May 15, 2026

On file with the IRScorvitascience.org1006 S Michigan Ave Ste 500, 60605-2216 · Chicago, ILTax-exempt since May 2017Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation is dedicated to empowering heart specialists and trainees to initiate and manage cardiovascular clinical and translational research to improve skills leading to quality patient care.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 3
filings with a surplus
Average surplus $127K a year · 34% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21
Fine: 1 funder names it on their filings; under 3.
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
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
$438K
+46% vs prior year
Spent
$388K
To programs
95%
Net assets
$255K
By yearFY2020–FY2025
Revenue
$438K
FY2025▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2020$148K
FY2021$172K
FY2023$384K
FY2024$300K
FY2025$438K
Expenses
$388K
FY2025▲ +124%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2023$179K
FY2024$174K
FY2025$388K
Net assets
$255K
FY2025▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020−$345K
FY2021−$230K
FY2023$79K
FY2024$205K
FY2025$255K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2017.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $370K Management & general 5% · $19K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Dr Martin C Burke DO
President/CEO/Cso
$0Pt VII · Sec A
Dr Ravi Ramana DO
Secretary/Treasurer
$0Pt VII · Sec A
See Corvita Science Foundation Nfp executive salaries →

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 15aNo

Programs and updates

Advances cardiovascular medicine through research, education, and global collaboration.

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1 program · $370K · in their own filed words · FY2024
01

The foundation provides the infrastructure, educational content and direction as well as clinical trial oversight if necessary in order to advance the efficiency and quality of clinical research and education amongst our PARTNERS.THE foundation provides alternative accredited medical education opportunities for students of cardiology and…

$370Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$21
Total grants receivedfrom 1 funder$21

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$438K
Ln 12
Fees for servicesLn 2g$433K
Investment incomeLn 3$5K
Money outPt IX
$388K
Ln 25
Programscol B$370K
Managementcol C$19K
Owns and owesPt X
$255K
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$255K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$433K
Investment incomeLn 3$5K
Total revenueLn 12$438K
Assets in detailPt X, end of year
CashLn 1$120K
SavingsLn 2$134K
Cash and savings togetherLn 1–2$255K
Total assetsLn 16$255K
LiabilitiesLn 26$0
Net assetsLn 32$255K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY25
End of yearLn 1g$134K
SpentLn 1d–1f$138
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$205K$255K
Total assetsLn 16$205K$255K
LiabilitiesLn 26$0$0
Net assetsLn 32$205K$255K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$13K$13K
Office expensesLn 13$201$201
OccupancyLn 16$45K$41K$4K
TravelLn 17$19K$19K
InsuranceLn 23$524$524
Other expenses (24a–d)Ln 24$311K$310K$2K
Total functional expensesLn 25$388K$370K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $438K$388K$50K$255K 990 PDF
FY2024Filed with the IRS May 15, 2025 $300K$174K$127K$205K 990 PDF
FY2023Filed with the IRS Nov 13, 2023 $384K$179K$205K$79K 990 PDF
FY2022 Not on file
FY2021Filed with the IRS May 9, 2022 $172K−$230K 990 PDF
FY2020Filed with the IRS Oct 6, 2021 $148K−$345K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $437,788 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $110,050$0
I-9 Program service revenuePrior year $185,351$432,582
I-10 Investment incomePrior year $4,787$5,206
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $300,188$437,788
I-13 Grants and similar amounts paidPrior year $0$0
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 $173,590$388,238
I-18 Total expensesPrior year $173,590$388,238
I-19 Revenue less expensesPrior year $126,598$49,550
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $437,788 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $432,582$432,582
VIII-3 Investment incomeExcluded from tax $5,206$5,206
VIII-12 Total revenueRelated to mission $432,582 · Unrelated business $0 · Excluded from tax $5,206$437,788
Part IX · Statement of functional expenses $388,238 across 6 lines filed
IX-11c Accounting feesManagement $12,679$12,679
IX-13 Office expensesManagement $201$201
IX-16 OccupancyPrograms $41,260 · Management $3,540$44,800
IX-17 TravelPrograms $18,634$18,634
IX-23 InsuranceManagement $524$524
IX-24 Other expenses (24a–d)Programs $309,802 · Management $1,598$311,400
IX-25 Total functional expensesPrograms $369,696 · Management $18,542 · Fundraising $0$388,238
Part X · Balance sheet $254,899 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $75,927$120,409
X-2 Savings and temporary cash investmentsStart of year $129,422$134,490
X-16 Total assetsStart of year $205,349$254,899
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $205,349$254,899
X-33 Total liabilities and net assetsStart of year $205,349$254,899
Part XI · Reconciliation of net assets $254,899 net assets at year end
XI-1 Total revenue$437,788
XI-2 Total expenses$388,238
XI-3 Revenue less expenses$49,550
XI-4 Net assets at start of year$205,349
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$254,899

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

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