Heartbeat Foundation Corp
Nonprofit profile at a glance
- EIN
- 463813938
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024
- Location
- Oakland Park, FL, USA
- Phone
- 3058030338
- Rating
- 36
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $190,976
- Expenses
- $199,385
- Assets
- $2,227
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Luciano Sameli (President)
People named in this filing
- Luciano Sameli (President)
- Sabrina Sameli (Assistant)
- Maria Thereza Severi (Booking manager)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The HEARTBEAT FOUNDATION is a non-profit corporation and operates exclusively for multicultural and educational purposes We support promote and assist ethnic minorities by creating not for profit multicultural events fund raising events and art programs that will generate social awareness and consciousness particular to specific communities while promoting cultural diversity
What it reported doing in 2024
Brazilian Fest Radio Show - Free Streaming Radio Station on the Air 247 and available for free online on the Apple Store and Google Play Produced by the Heartbeat Foundation Corp the Brazilian Fest Radio Show was created with a powerful mission to educate inspire and celebrate the rich legacy of Brazils music and culture But its reach extends far beyond Brazilian audiencesit resonates deeply with North Americans and the 16 million naturalized Brazilians across three generations
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 23
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.4%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: -22.8% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 21/100.