Nonprofit · EIN 85-0253067
NEW HEART INC
Tax-exempt · ALBUQUERQUE, NM 87102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,242,305 | $1,225,885 | $16,420 | $2,825,128 | $310,973 | $2,514,155 |
| December 31, 2023 | 990 | $767,790 | $1,180,020 | -$412,230 | $2,717,485 | $226,210 | $2,491,275 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $326,779
- Program service revenue
- $799,343
- Investment income
- $7,656
- Net rental income
- $10,800
- Net gain from sales of assets
- -$146
- Other revenue
- $108,527
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $73,299
- Other salaries and wages
- $383,900
- Salaries, compensation and benefits (total)
- $519,739
- Professional fundraising fees
- $0
- Legal fees
- $187
- Accounting fees
- $9,807
- Occupancy
- $75,988
- Depreciation
- $77,129
- Program services (functional)
- $906,029
- Management and general (functional)
- $316,014
- Fundraising (functional)
- $3,842
Balance sheet and other
- Total assets, start of year
- $2,717,485
- Total assets, end of year
- $2,825,128
- Total liabilities, end of year
- $310,973
- Net assets, end of year
- $2,514,155
- Land, buildings and equipment
- $2,326,867
- Publicly traded securities
- $203,992
- Gross receipts
- $1,250,787
- Employees
- 20
- Year formed
- 1977
- State of legal domicile
- NM
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BARRY RAMO MD | BOARD CHAIR Trustee or director | 30 | $11,180 | $158,583 | $0 |
| OMAR NEGRETE | FMR EXECUTIV Officer | 35 | $70,480 | $0 | $2,819 |
| YAW A ADJEI-POKU MD | PRESIDENT Officer | 0.25 | $0 | $0 | $0 |
| FENTON MCCARTHY MD | SECRETARY Officer | 0.25 | $0 | $0 | $0 |
| MARK BIENIARZ MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| IRV DIAMOND CPA | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SEAN MAZER MD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SERENA PETTES | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| STEVEN RODGERS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MARTHA MOWRY | CUR EXECUTIV Officer | 35 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BARRY RAMO MD | BOARD CHAIR Trustee or director | 30 | $11,180 | $158,958 | $0 |
| OMAR NEGRETE | FMR EXECUTIV Officer | 40 | $70,480 | $0 | $2,819 |
| YAW A ADJEI-POKU MD | PRESIDENT Officer | 0.25 | $0 | $0 | $0 |
| FENTON MCCARTHY MD | SECRETARY Officer | 0.25 | $0 | $0 | $0 |
| MARK BIENIARZ MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| IRV DIAMOND CPA | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SEAN MAZER MD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SERENA PETTES | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| STEVEN RODGERS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MARTHA MOWRY | CUR EXECUTIV Officer | 40 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 LOMAS BLVD NE, ALBUQUERQUE, NM 87102-2528
- Principal officer (990 for 2024)
- YAW A ADJEI-POKU MD, 601 LOMAS BLVD NE, ALBUQUERQUE, NM 871022528
- Signed the 990
- MARTHA MOWRY, CUR EXECUTIVE DIRECT
- Phone
- (505) 881-8195
- Website
- WWW.NEWHEARTNM.COM
- Return prepared by
- LOFTIS & LOVATO GROUP
Mission
HEART HEALTH EDUCATION AND REHABILITATION.
Program accomplishments
- NEW HEART, INC. PROVIDES REABILITATIVE AND PREVENTIVE PROGRAMING CONSISTING OF NUTRITION COUNSELING, BEHAVIORAL COUNSELING, LIFESTYLE COACHING, SUPERVISED EXERCIES AND MEDICAL MONITORING FOR PATIENTS WITH A HISTORY OR RISK OF HEART DISEASE. MOST SERVICES ARE AVAILABLE TO THE GENERAL PUBLIC.Expenses $906,029 · revenue $799,343
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not 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
- 85-0253067
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,825,128
- Income (IRS master file)
- $1,250,787
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,242,305 | $1,225,885 | $2,825,128 | IRS |
| 990 | December 2023 | $767,790 | $1,180,020 | $2,717,485 | XML |
| 990 | December 2022 | $1,109,299 | $1,224,840 | $2,972,415 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 85-0253067).
Questions about NEW HEART INC
- What is the EIN of NEW HEART INC?
- The employer identification number (EIN) of NEW HEART INC is 85-0253067.
- Is NEW HEART INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to NEW HEART INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HEART INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW HEART INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW HEART INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW HEART INC?
- The 990 for the year ended December 31, 2024 names YAW A ADJEI-POKU MD.
- Who are the officers and directors of NEW HEART INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $11,180 (BARRY RAMO MD, BOARD CHAIR).
- How much revenue does NEW HEART INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,242,305, expenses of $1,225,885 and total assets of $2,825,128 at year end.
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