Joe Beretta Heart Foundation
Legal name: Joe Beretta Foundation
Nonprofit profile at a glance
- EIN
- 813849103
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2021
- Location
- Mount Juliet, TN, USA
- Phone
- 615-502-0510
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
Reported finances
- Revenue
- $271,831
- Expenses
- $194,713
- Assets
- $650,543
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- David Shepherd (Executive Director)
- Lillian Beretta (Board President)
- Andrew Wharton (Board Vice President)
Highest reported compensation
- David Shepherd (Executive Director): $62,391 total reported compensation
- Marla Cochran (Program Support Staff): $15,121 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Joe Beretta Heart Foundation provides structured programs and wrap around support addressing uncertainty, fear, isolation and financial limitations for families in the fight of their life.
What it reported doing in 2024
Local Lodging: TJBF pays for local lodging for VAD and transplant families. With this amount we were able to provide nights of 312 nights of lodging for families getting treatment at local hospitals. Without these funds families would not be able to relocate to receive lifesaving treatment.
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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 86
- Accountability: 95
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.2%; rating input score 52
- Program expense ratio: 72.9%; rating input score 73
- Fundraising efficiency: $3.89 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 28.4%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 3.34; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 39.8%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 11.1% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 24.2% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 28.7% per year; rating input score 100; 91st percentile among comparable filings
Details
- What they do: 11 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 52.2% of revenue deployed · 72.9% of spending went to programs
- Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $142K in reported program spending
- Leadership: top reported pay $62K · 21 people listed
- Consistency: 40 of 44 current checks pass · 4 findings to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Financial Efficiency: Fundraising efficiency scored 17/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX OtherEmployeeBenefits column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX PayrollTaxes column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 6/100.