BBB Wise Giving Report for
Hope Heart Institute

BBB Wise Giving Report issued April 2012
BBB Wise Giving Report expires November 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Hope Heart Institute
Address: 1380 112th Avenue NE, Suite 200
  Bellevue, WA 98004
Phone: 425-456-8700
Web Address: www.hopeheart.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1981, Washington
Affiliates: None
Stated Purpose: "to serve humanity through cardiovascular research and education with the goal of preventing and treating heart and blood vessel disease, as well as improving the physical, emotional and spiritual quality of life for all at risk of - or affected by - cardiovascular disease."

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Evaluation Conclusions

               

Hope Heart Institute (HHI) meets all 20 Standards for Charity Accountability.
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Programs

               

HHI provides educational services for at-risk communities that teach ways to prevent cardiovascular disease. The organization distributes health education products both domestically and internationally to both employers and individuals. In addition, HHI sponsors clinical research directed towards the development of new drug therapies, new devices, and long-term studies on the effectiveness of treatments.

For the year ended December 31, 2010, HHI's program expenses were:

  
Research 1,034,514
Education services 1,019,954
Total Program Expenses: $2,054,468
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Governance

               

Chief Executive : Mark Nudelman, President and CEO
Compensation*:
 $286,563

Chair of the Board: Craig W. Philips
Chair's Profession / Business Affiliation: President and COO, Cell Therapeutics Inc.

Board Size: 15

Paid Staff Size: 20

*2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, print advertisements, grant proposals, Internet appeals, planned giving, and cause-related marketing.
Fund raising costs were 35% of related contributions. (Related contributions, which totaled $1,272,630, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on HHI's audited financial statements -consolidated with affiliates- for the year ended December 31, 2010.

Source of Funds  
Contributions 857,123
Clinical study revenue 496,423
HOPE publications 470,540
Special events, net 393,387
Realize and unrealized gain on investments, net 145,422
Interests and dividends, net 90,203
Change in value of split interest agreement 22,120
Corporate ventures 7,058
Total Income $2,482,276


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Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 17%  Administrative: 8% 

Total income   $2,482,276
  Program expenses $2,054,468
  Fund raising expenses 453,133
  Administrative expenses 214,636
 
Total expenses   $2,722,237
Expenses in Excess of Income   (239,961)
Beginning net assets   4,079,169
Ending net assets   3,839,208
Total liabilities   787,414
Total assets   $4,626,622


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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