Foundation for Advanced Cardiovascular logo

Foundation for Advanced Cardiovascular

PLANO, TX EIN: 26-3122805 Website

THE FOUNDATION'S TAX EXEMPT PURPOSE IS TO PROMOTE AND FACILITATE PHYSICIAN ACCESS TO QUALITY CONTINUING MEDICAL EDUCATION THROUGH FACET'S ACCREDITED CME PROGRAM. THE ACTIVITIES WILL UPDATE PHYSICIANS ON NEW DIAGNOSIS AND TREATMENT MODALITIES, IMPROVE CLINICAL SKILLS, AND IMPROVE PATIENT OUTCOMES.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$548K

-41.8% YoY

Annual Giving

$701K

+168.6% YoY

Grant Count

6

+500.0% YoY

Avg Grant Size

$117K

-55.2% YoY

About Foundation for Advanced Cardiovascular

Based on IRS filings

Foundation for Advanced Cardiovascular is a nonprofit organization focused on Mental Health & Crisis Intervention, based in PLANO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $548K in total assets. In 2024, it awarded 6 grants totaling $701K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Cities

AlamedaDallasDanversIrvineMalvernMinneapolis

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$668K$1M$2M$3M20202021202220232024
Metric202420232022
Total Assets$547,744$940,611$883,002
Revenue$2,040,783$1,363,207$868,230
Expenses$2,429,601$1,331,528$765,433
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$175K$351K$526K$701K0 grants20200 grants20210 grants20221 grants20236 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

BAYLOR HEALTHCARE SYSTEM…$302KEDWARDS LIFESCIENCES$225KMEDTRONIC$142KPENUMBRA$13KABIOMED$10KSIEMENS MED$10K

Grant Size Distribution

7 grants across all recorded years

3<$50K$50–100K2$100–250K2$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Baylor Healthcare System Foundation ($301,500), Edwards Lifesciences ($225,000), Medtronic ($141,500).

RecipientPurposeAmount
BAYLOR HEALTHCARE SYSTEM FOUNDATION DALLAS, TXPROMOTION OF MEDICAL EDUCATION$301,500
EDWARDS LIFESCIENCES IRVINE, CAPROMOTION OF MEDICAL EDUCATION$225,000
MEDTRONIC MINNEAPOLIS, MNPROMOTION OF MEDICAL EDUCATION$141,500
ABIOMED DANVERS, MAPROMOTION OF MEDICAL EDUCATION$10,000
PENUMBRA ALAMEDA, CAPROMOTION OF MEDICAL EDUCATION$13,000
SIEMENS MED MALVERN, PAPROMOTION OF MEDICAL EDUCATION$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

KATHRYN HOBBSDIRECTOR$177K

From 2024 filing

NameTitleHoursCompensation
KATHRYN HOBBSDIRECTOR15$177,246
DAVID L BROWN MDDIRECTOR1
MICHAEL J MACKDIRECTOR1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Foundation for Advanced Cardiovascular?

Foundation for Advanced Cardiovascular is a nonprofit organization focused on Mental Health & Crisis Intervention, based in PLANO, TX. It holds $548K in total assets as of 2024.

How large is Foundation for Advanced Cardiovascular?

As of 2024, Foundation for Advanced Cardiovascular holds $548K in total assets with $2.0M in annual revenue. It awarded 6 grants totaling $701K in 2024.

Where does Foundation for Advanced Cardiovascular operate?

Foundation for Advanced Cardiovascular has awarded grants in California, Massachusetts, Minnesota, Pennsylvania, Texas.

What size grants does Foundation for Advanced Cardiovascular award?

In 2024, Foundation for Advanced Cardiovascular awarded 6 grants totaling $701K — an average of about $117K per grant, based on its IRS Form 990 filings.

What is Foundation for Advanced Cardiovascular's EIN?

Foundation for Advanced Cardiovascular's EIN (Employer Identification Number) is 26-3122805. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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