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EIN 85-1282127

Heartworks

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Rochester
State
Minnesota
Year formed
2021
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
HeartWorks provides CHD research to build, test and deliver new therapies for congenital heart defects, enabling full, enriching lives.
Total revenues
$1,782,113
2022
Total expenses
$1,111,294
2022
Total assets
$1,184,023
2022
Num. employees
2
2022

Program areas at Heartworks

Redefine the standard of care of all children with congenital heart defects (chd) and provide development of new therapies to treat congenital heart defects (chd) and give children and their families the opportunity to live a full and enriching life.
Sale of products to provide therapies to treat congenital heart defect
Clinical trial management expertise to treat congenital heart defects

Who funds Heartworks

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Porter Family FoundationAssist Operations$50,000
American Endowment FoundationGeneral Operating Support$25,000
American Online Giving FoundationGeneral Support$11,099
...and 1 more grant received

Personnel at Heartworks

NameTitleCompensation
Tim NelsonFounder
Alexandra OlsonManager$127,884
Matthew A NelsonPresident$0

Financials for Heartworks

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,659,939
Investment income and dividends$218
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$13,496
Miscellaneous revenues$108,460
Total revenues$1,782,113

Form 990s for Heartworks

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-17990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-12990PFView PDF
Data update history
February 5, 2024
Updated personnel
Identified 1 new personnel
January 19, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
October 25, 2023
Received grants
Identified 4 new grant, including a grant for $50,000 from Porter Family Foundation
June 28, 2023
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Private foundationsPrivate operating foundationsCharities
Issues
Health
Characteristics
Partially liquidatedTax deductible donations
General information
Address
3033 41st St NW 200
Rochester, MN 55901
Metro area
Rochester, MN
Website URL
heartworksinc.org/ 
Phone
(715) 379-0293
IRS details
EIN
85-1282127
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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