Nonprofit · EIN 27-1263151
HEART INITIATIVE
Tax-exempt (reinstated) · CHAPEL HILL, NC 27517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $22,362 | $116,858 | -$94,496 | $1,054,297 | $847,229 | $207,068 |
| December 31, 2024 | 990 | $90,711 | $888,106 | -$797,395 | $1,141,622 | $840,058 | $301,564 |
| December 31, 2023 | 990 | $1,147,740 | $2,466,588 | -$1,318,848 | $1,950,272 | $851,313 | $1,098,959 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $22,362
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $429
- Program services (functional)
- $115,707
- Management and general (functional)
- $1,151
Balance sheet and other
- Total assets, start of year
- $1,141,622
- Total assets, end of year
- $1,054,297
- Total liabilities, end of year
- $847,229
- Net assets, end of year
- $207,068
- Publicly traded securities
- $587,945
- Gross receipts
- $22,362
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2009
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAD COTTER | DIRECTOR Trustee or director, Officer | 15 | $0 |
| BETH COTTER-DAVISON | DIRECTOR Trustee or director, Officer | 15 | $0 |
| ROBERT MOLINA | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAD COTTER | DIRECTOR Trustee or director | 15 | $0 |
| BETH COTTER-DAVISON | DIRECTOR Trustee or director | 15 | $0 |
| ROBERT MOLINA | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAD COTTER | DIRECTOR Trustee or director | 15 | $0 |
| BETH COTTER-DAVISON | DIRECTOR Trustee or director | 15 | $0 |
| ROBERT MOLINA | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 50101 GOVERNORS DR, CHAPEL HILL, NC 27517-9515
- In care of
- % PHILIP W LEMONS II
- Principal officer (990 for 2025)
- BETH COTTER-DAVISON, 1717 N BAYSHORE DR APT 1034, MIAMI, FL 33134
- Signed the 990
- BETH COTTER-DAVISON, DIRECTOR
- Phone
- (919) 287-1824
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE HEART INITIATIVE IS A NON-PROFIT ORGANIZATION CREATED IN 2009 WHOSE MISSION IS, THROUGH RESEARCH, TO INCREASE PUBLIC AWARENESS AND KNOWLEDGE OF CARDIOVASCULAR DISEASES PARTICULARLY HEART FAILURE AND IMPROVE THE EARLY DIAGNOSIS AND TREATMENT OF CARDIOVASCULAR DISEASES, THROUGH INCREASING USAGE OF PROVEN THERAPIES AND IMPROVING ADHERENCE.
Program accomplishments
- SEE SCHEDULE OExpenses $115,707 · revenue $22,362
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1263151
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Voluntary health associations and medical disciplines (G43)
- Assets (IRS master file)
- $1,054,297
- Income (IRS master file)
- $22,362
Revocation and reinstatement
- Exemption revoked
- May 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective April 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $22,362 | $116,858 | $1,054,297 | XML |
| 990 | December 2024 | $90,711 | $888,106 | $1,141,622 | XML |
| 990 | December 2023 | $1,147,740 | $2,466,588 | $1,950,272 | XML |
| 990 | December 2022 | $3,129,053 | $2,464,025 | $2,497,807 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1263151).
Questions about HEART INITIATIVE
- What is the EIN of HEART INITIATIVE?
- The employer identification number (EIN) of HEART INITIATIVE is 27-1263151.
- Is HEART INITIATIVE tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective April 15, 2016.
- Are donations to HEART INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEART INITIATIVE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of HEART INITIATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEART INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HEART INITIATIVE?
- The 990 for the year ended December 31, 2025 names BETH COTTER-DAVISON.
- Who are the officers and directors of HEART INITIATIVE?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does HEART INITIATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $22,362, expenses of $116,858 and total assets of $1,054,297 at year end.
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All nonprofits in CHAPEL HILL · North Carolina · Voluntary health associations and medical disciplines