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Heart Valve Society

EIN 55-0870225 · Beverly, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceGood82 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ADVANCE DEVELOPMENT, RECOGNITION, AND KNOWLEDGE IN THE AREA OF HEART VALVE DISEASES.

Income
$592,971
Spending
$726,543
Spent on programs
85%
Reserves
1.6 months of spending
Largest source of income
fees for its services, 56%
Employees
0
Volunteers
38
Highest pay
$25,000, director - research

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 16% of charities in its peer group (health care, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.6 months of spending.

  • Debt

    10 of 20

    It owes 36% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 23% of income.

  • Income trend

    15 of 15

    Income rose 8% on the year before.

  • Spending floor

    15 of 15

    85% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 82 out of 100. Higher than 58% of charities in its peer group (health care, $250k to $1m).

  • Independent board

    25 of 25

    16 of 16 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $339,450 spent. ANNUAL SCIENTIFIC CONFERENCE - THE SOCIETY PROVIDES A FORUM TO ADVANCE DEVELOPMENT, RECOGNITION, AND KNOWLEDGE IN THE AREA OF HEART VALVE DISEASES.
  2. $114,211 spent. AVIATOR PROJECT - DEVELOPMENT OF A HEART VALVE SURGICAL REGISTRY FOR THE SCIENTIFIC EVALUATION OF HEART VALVE SURGICAL OUTCOME.
  3. $108,491 spent. MITAL VRN - AN INTERNATIONAL COLLABORATION OF PHYSICANS AND SCIENTISTS INTERESTED IN ADVANCING KNOWLEDGE OF MITRAL AND TRICUSPID VALVE DISEASE.
  4. $57,522 spent. BORER POSTER AWARD; COMMITTEES - THE SOCIETY ASSEMBLES COMMITTEES AND NETWORKS TO HELP ORGANIZE AND OPERATE VARIOUS FUNCTIONS OF THE SOCIETY; PUBLICATION - JOURNAL SUBSCRIPTIONS FOR MEMBERS

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.