Sarnoff Cardiovascular Research Foundation Inc
Nonprofit profile at a glance
- EIN
- 521254078
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Mclean, VA, USA
- Phone
- 7035177451
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $4,410,906
- Expenses
- $2,771,048
- Assets
- $55,119,072
- Liabilities
- $1,618,211
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- THOMAS MICHEL MD PHD (PRESIDENT, CHAIR OF BOARD)
- DANA QUINN BOYD (EXECUTIVE DIRECTOR)
Highest reported compensation
- DANA QUINN BOYD (EXECUTIVE DIRECTOR): $248,788 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The sarnoff cardiovascular research foundation is dedicated to cultivating the next generation of physician-leaders in cardiovascular medicine by funding and supporting medical students and physicians engaged in transformative research.
What it reported doing in 2024
Fellowships and scholarships - the fellowship program awards annual fellowships to medical students enrolled in any accredited medical school in the united states of america (USA) who have demonstrated intellectual and academic achievement and leadership ability. Fellows conduct twelve consecutive months of cardiovascular research at a biomedical institution located within USA.the sarnoff scholar award is a competitive award designed to support junior faculty for two continuous years at the junior faculty level (instructor or assistant professor). The award is for former sarnoff fellows who are committed to pursuing a career in cardiovascular research. Applicants may apply during the last year of subspecialty fellowship. The scholar award will be contingent upon the appointment to a junior faculty (instructor or assistant professor) position and clear evidence of a strong institutional commitment.
Operating model
- Revenue model
- Investment-supported. 76% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 80% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 91
- Accountability: 100
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.7%; rating input score 89
- Fundraising efficiency: $24.89 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- 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 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 37.2%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 19.89; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 9%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 8.3% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 5.1% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.7% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2.5M in reported program spending
- Leadership: top reported pay $249K · 15 people listed · 5 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 14 filed related-organization links
- 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.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.