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Nonprofit · EIN 05-0529623

MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION

Tax-exempt · DAVENPORT, IA 52801

Financials

$1.2M$1.2M2021$1.6M$1.5M2023$1.2M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,221,400$1,167,854$53,546$1,865,779$1,131,000$734,779
December 31, 2023990$1,553,299$1,517,802$35,497$2,034,678$1,353,445$681,233
December 31, 2021990$1,191,778$1,173,798$17,980$2,829,476$2,446,601$382,875
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$225,550
Program service revenue
$995,850
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$96,000
Other salaries and wages
$493,545
Salaries, compensation and benefits (total)
$660,406
Professional fundraising fees
$0
Accounting fees
$47,013
Occupancy
$231,471
Depreciation
$22,401
Program services (functional)
$902,428
Management and general (functional)
$265,426

Balance sheet and other

Total assets, start of year
$2,034,678
Total assets, end of year
$1,865,779
Total liabilities, end of year
$1,131,000
Net assets, end of year
$734,779
Land, buildings and equipment
$54,616
Gross receipts
$1,221,400
Employees
12
Volunteers
0
Year formed
2002
State of legal domicile
IA

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.

NameTitleHours / weekCompensation
DR SHAMMASDIRECTOR
Trustee or director, Officer, Key employee, Highest-paid employee
30$96,000
NICHOLAS COINDIRECTOR
Trustee or director
1$0
GAIL SHAMMASDIRECTOR
Trustee or director
1$0
RICHARD BURNSDIRECTOR
Trustee or director
1$0
SHAWNA DUSKEDIRECTOR
Trustee or director
1$0
DAVID ANDICHDIRECTOR
Trustee or director
1$0
STEVEN LANDAUERDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DR SHAMMASDIRECTOR
Trustee or director, Officer, Key employee, Highest-paid employee
30$120,000
NICHOLAS COINDIRECTOR
Trustee or director
1$0
GAIL SHAMMASDIRECTOR
Trustee or director
1$0
RICHARD BURNSDIRECTOR
Trustee or director
1$0
SHAWNA DUSKEDIRECTOR
Trustee or director
1$0
DAVID ANDICHDIRECTOR
Trustee or director
1$0
STEVEN LANDAUERDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2021: 6 people
NameTitleHours / weekCompensation
DR SHAMMASCARDIOVASCULAR MEDICINEDIRECTOR
Trustee or director, Officer, Key employee, Highest-paid employee
30$114,000
NICHOLAS COINDIRECTOR
Trustee or director
1$0
GAIL SHAMMASDIRECTOR
Trustee or director
1$0
RICHARD BURNSDIRECTOR
Trustee or director
1$0
SHAWNA DUSKEDIRECTOR
Trustee or director
1$0
DAVID ANDICHDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
630 E 4TH ST STE A, DAVENPORT, IA 52801-1713
In care of
% STEVEN D LANDAWER CPA
Principal officer (990 for 2024)
NICHOLAS SHAMMAS, 630 E 4TH ST STE A, DAVENPORT, IA 52801
Signed the 990
NICHOLAS SHAMMAS, PRESIDENT
Phone
(563) 324-2828
Return prepared by
MSP Tax & Accounting LLC

Mission

MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION (MCRF) IS ENGAGED IN THE CONTINOUS ACTIVE CONDUCT OF MEDICAL RESEARCH, INCLUDING THE INVESTIGATIONS, EXPERIMENTS, AND STUDIES TO DISCOVER, DEVELOP OR VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSIS TREATMENT, PREVENTION OR CONTROL OF CARDIOVASCULAR DISEASE BY CONDUCTING THESE CLINICAL TRIALS.

990 for the year ended December 31, 2024

Program accomplishments

  • MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION (MCRF) CONDUCTS CLINICAL TRIAL RELATED TO HEART DISEASE. A NUMBER OF ONGOING TRIALS HAVE BEEN CONDUCTED THROUGHOUT THE YEAR. MCRF ALSO CONDUCTS AN ANNUAL CONFERENCE WITH ATTENDEES FROM WIDE AREA THAT HAVE BEEN WELL RECEIVED AS FAR AS THE HEART DISEASE TOPICS COVERED AND THE QUALITY OF THE SPEAKERS.
    Expenses $902,428 · revenue $995,850

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
05-0529623
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H90)
Assets (IRS master file)
$1,865,779
Income (IRS master file)
$1,221,400

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,221,400$1,167,854$1,865,779IRS
990December 2023$1,553,299$1,517,802$2,034,678XML
990December 2022$1,525,149$1,262,288$2,598,340IRS
990December 2021$1,191,778$1,173,798$2,829,476XML
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 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 05-0529623).

Questions about MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION

What is the EIN of MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION?
The employer identification number (EIN) of MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION is 05-0529623.
Is MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION 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 MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION 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 MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION 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 MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION?
The 990 for the year ended December 31, 2024 names NICHOLAS SHAMMAS.
Who are the officers and directors of MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $96,000 (DR SHAMMAS, DIRECTOR).
How much revenue does MIDWEST CARDIOVASCULAR RESEARCH FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,221,400, expenses of $1,167,854 and total assets of $1,865,779 at year end.

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