THE MICHAEL WOLK HEART FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE MICHAEL WOLK HEART FOUNDATION INC

EIN 13-3409988 · Medical Research (H43J)

What they do

THE FOUNDATIONS GOAL is to IMPROVE PATIENT CARE BY ENCOURAGING PHYSICIANS to ENTER THE CLINICIAL INVESTAGATIVE CAREERS and THEREBY MAINTAIN THE PACE of SIGNIFICANT GAINS IN CARDIOVASCULAR MEDICAL RESEARCH

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

3,467.63%of revenue went to mission work95.0% of expenses · Program services

$3,648.92spent for every $100 of revenueSpending was higher than revenue this year.

181.30%of revenue went to management and office costs5.0% of expenses

$2.42in assets for every $1 spent this yearSome assets cannot be spent right away.

784.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $922,401 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$25,991

Mission workProgram services$901,2713,467.63% of revenue95.0% of expenses

ManagementOffice and general costs$47,121181.30% of revenue5.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$948,3923,648.92% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 95.0% mission · 5.0% management · 0.0% fundraisingTotal expenses: 3,648.92% of revenue

2020Expense mix: 89.7% mission · 10.3% management · 0.0% fundraisingTotal expenses: 78.65% of revenue

2019Expense mix: 36.1% mission · 63.9% management · 0.0% fundraisingTotal expenses: 28.24% of revenue

2018Expense mix: 76.1% mission · 23.9% management · 0.0% fundraisingTotal expenses: 38.74% of revenue

2017Expense mix: 61.1% mission · 38.9% management · 0.0% fundraisingTotal expenses: 29.07% of revenue

2016Expense mix: 88.0% mission · 12.0% management · 0.0% fundraisingTotal expenses: 119.71% of revenue

2015Expense mix: 62.7% mission · 37.3% management · 0.0% fundraisingTotal expenses: 62.95% of revenue

Money in and money out

Revenue$25,991

Expenses$948,392

Annual shortfall $922,401 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$901,271 · 95.0% of expenses

Management and office costs$47,121 · 5.0% of expenses

See all reported dollar amounts

Revenue$25,991

Expenses$948,392

Assets$2,295,225

Income$2,425,306

Contributions$203,999

Mission work (program services)$901,271

Grants given$1,954,777

Average grant$39,096

Management and general$47,121

Stocks and bonds$1,782,833

Accounting fees$19,450

Investing fees$19,675

People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (25)

LAWRENCE GREAVBOARD MEMBER

STEVEN RICHMANBOARD MEMBER

SCOTT WEINERBOARD MEMBER

ROBERT WOLKVICE PRESIDENT

ROBERT SPIEGELBOARD MEMBER

RICHARD GLAZERTREASURER

PETER STRIANOBOARD MEMBER

NEIL GRABOISBOARD MEMBER

MICHAEL WOLKPRESIDENT

MICHAEL SCHWARTZBOARD MEMBER

MICHAEL ARATENBOARD MEMBER

LORIE SLUTSKYBOARD MEMBER

LAWRENCE KATZBOARD MEMBER

ABBY WOLKBOARD MEMBER

JOHN GOLDENBOARD MEMBER

GREG MANOCHERIANBOARD MEMBER

GARY JACOBBOARD MEMBER

FRAYDUN MANOCHERIANBOARD MEMBER

FRANCIS GREENBURGERBOARD MEMBER

EDWARD MARRAMBOARD MEMBER

EDWARD BRAMSONBOARD MEMBER

DOUG ALLENBOARD MEMBER

CHARLES YASSKYBOARD MEMBER

BRUCE GALLAGERBOARD MEMBER

BONIFACE ZAINOBOARD MEMBER

About this charity

Recognized since: January 1987
Location: 876 PARK AVENUE, NEW YORK, NY 10075-1832
County: New York
In care of: MICHAEL WOLK
Primary officer: MICHAEL WOLK, PRESIDENT

How to reach them

Phone(212) 988-2881

Filing and classification

Latest tax year: 2021
Tax period began: September 1, 2021
Return type: 990
Tax preparer: PHILIP J PALLADINO CPA PC
NTEE classification: Medical Research (H43J)
Grant-giving organization: Yes