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MITRAL FOUNDATION

NEW YORK, NY · EIN 800468600 · Form 990 · FY2024 · NTEE E11 · Health Care · Medium ($1M-$10M) · mitralfoundation.org
revenue
$2.1M
expenses
$886K
net assets
$8.6M
employees
0
program ratio
100%
mission · from form 990

THE MITRAL FOUNDATION IS A SUPPORTING ORGANIZATION WITH THE PURPOSE TO SUPPORT THE MITRAL VALVE REPAIR REFERENCE CENTER AT THE MOUNT SINAI HOSPITAL.

profile · synthesized from sources

The MITRAL FOUNDATION supports the Mitral Valve Repair Reference Center at Mount Sinai Hospital, focusing on advancing mitral valve repair through education, training, and global outreach. It operates the Mitral Foundation Center, which provides training for surgeons worldwide and maintains a comprehensive video library of mitral valve repair techniques. The foundation also sponsors international medical missions and educational conferences to close the gap between repair and replacement practices globally.

named programs · 3 · from sources

What they call their work

AATS Mitral Conclave Sponsorship
Sponsorship of biennial conference and video interview series featuring global leaders in mitral valve disease management and surgical techniques.
International Medical Missions
Program sending surgical teams to developing countries to perform life-saving mitral valve repairs and train local medical professionals.
Mitral Foundation Center
Hub for teaching, training, and disseminating information on mitral valve repair, including a video library, live surgery demonstrations, and international training programs.
activities · 6 groups

What they do

  • Medical Professional Education & Training 3 activities
    • Develops and maintains educational resources on valve repair
      Produces and maintains a comprehensive teaching library including case studies, videos, presentations, and publications on mitral valve repair, including the world's largest video library of advanced reconstruction techniques.
    • Hosts expert roundtable discussions on cardiovascular topics
      Organizes and hosts roundtable discussions featuring leading cardiovascular surgeons and specialists on topics including mitral valve repair, aortic disease, and cardiovascular leadership.
    • Trains cardiac surgeons globally in mitral valve repair
      Provides in-person and online training programs for surgeons from over 50 countries, including biannual reconstructive valve surgery workshops and live surgical demonstrations, to advance mitral valve repair techniques.
  • Direct Clinical Care Delivery 2 activities
    • Conducts international surgical missions for mitral valve repair
      Performs life-saving mitral valve surgeries on patients in underserved regions, including missions in the Dominican Republic, Vietnam, Honduras, Indonesia, and Thailand, often combined with donations of medical equipment and supplies.
    • Supports development of cardiothoracic surgery programs abroad
      Assists hospitals in Vietnam, Thailand, and Indonesia by conducting surgeries, training local surgical teams, and helping establish sustainable valve surgery programs.
  • Cardiovascular Disease Research and Support 1 activity
    • Collaborates with American Heart Association on clinical standards
      Partnered with the American Heart Association to scientifically validate clinical criteria for mitral valve repair centers and co-brands recognized centers to promote best practices.
  • Hospital and Medical Center Support 1 activity
    • Funds and supports the Mitral Valve Repair Reference Center at Mount Sinai
      Provides financial and organizational support to the Mitral Valve Repair Reference Center at The Mount Sinai Hospital, a leading center for mitral valve repair surgery and research.
  • Healthcare Professional Recognition Programs 1 activity
    • Recognizes top-performing mitral valve repair centers in the U.S.
      Administers the Mitral Valve Repair Reference Center Award Program to identify, recognize, and promote leading medical centers for mitral valve repair surgery in the United States.
  • Uncategorized 1 activity
    • Develops 3D simulation models for mitral valve disease
      Creates interactive, computer-generated 3D models to simulate various mitral valve lesions and disease types for training and educational purposes.
financials · form 990 · fy2024
revenue
Total revenue$2.09M
Contributions & grants$2.08M100%
Program service revenue$10K0%
Investment income$00%
Other revenue$0
expenses
Total expenses$886K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$252K
Grants paid out$172K
Largest expense lineCompensation
balance sheet
Total assets$8.64M
Cash$0
Investments$0
Liabilities$0
Net assets$8.64M
Liquid reserves0.0 mo
5 years on record · 2020–2024 · YoY revenue -67.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
DAVID H ADAMS MD 1 PRESIDENT 1 $6.05M
DENNIS CHARNEY MD 1 2 VICE PRESIDENT 1 $2.64M
STEPHEN HARVEY 1 TREASURER 1 $2.06M
MARK KOSTEGAN FAHP 1 VICE PRESIDENT FOR DEVELOPMENT 1 $1.59M
VALENTIN FUSTER MD 1 BOARD DIRECTOR 1 $1.56M
board members · 2
  • FREDERICK SLAGLE — SECRETARY
  • JURGEN A FRIEDRICH — CHAIRMAN/DIRECTOR
relationships · 31

Who they work with

  • Abbott Partner — Referenced in sponsored video content featuring discussions on device innovation and structural heart programs.
  • American Association for Thoracic Surgery Network — Engaged through leadership, as Dr. David H. Adams served as its 99th President from 2018 to 2019.
  • American Association for Thoracic Surgery Partner — Collaborates on the AATS Mitral Conclave, a biennial event convening global leaders in mitral valve disease.
  • American College of Cardiology Network — Aligns with clinical guidelines recommending at least 90% mitral valve repair rates for degenerative disease.
  • American Heart Association Partner — Supported the development phase of the Recognition Program through scientific validation of clinical criteria and a co-branding arrangement.
  • BioDigital, Inc. Partner — Collaborates to develop interactive 3D computer-generated models simulating mitral valve lesions and disease etiologies.
  • Chiang Mai University Partner — Collaborative partner in developing mitral valve repair capacity in Chiang Mai, Thailand.
  • Cleveland Clinic Partner — Hosts visiting surgeon Marc Gillinov who participates in Mitral Foundation workshops.
  • Duke Cameron Partner — Featured expert in a roundtable discussion on aortic valve disease.
  • Edwards Lifesciences Partner — Referenced in sponsored video content related to transcatheter technologies and industry advancements in mitral valve treatment.
  • European Society of Cardiology Network — Aligns with clinical guidelines recommending at least 90% mitral valve repair rates for degenerative disease.
  • Gilles Dreyfus Partner — Featured expert in a roundtable discussion on mitral valve repair and transplantation.
  • Hirslanden Hospital Partner — Hosts visiting surgeon Hugo Vanermen who participates in Mitral Foundation workshops.
  • Icahn School of Medicine at Mount Sinai Partner — Collaborates through shared leadership with Dr. David H. Adams, who serves as System Chairman of Cardiovascular Surgery.
  • JAF Foundation Funder — Provided a generous gift enabling the establishment of the Mitral Foundation Center.
  • Joseph Coselli Partner — Featured expert in a roundtable discussion on aortic disease.
  • Lars Svensson, MD Partner — Featured expert in a roundtable discussion on reference centers in cardiovascular care.
  • Maharaj Nakorn Chiang Mai Hospital Partner — Partner hospital where surgical missions were conducted and where a regional reference center for mitral valve repair was established.
  • Marcus Foundation Funder — Provided a cornerstone gift to the Mitral Foundation, leading to the naming of the Marcus Visiting Professor position.
  • Medtronic Partner — Referenced in sponsored video content related to clinical trials and device innovation in mitral valve therapies.
  • Mount Sinai Partner — Collaborates with Mount Sinai surgeons and medical teams in mitral valve repair, training, and program development.
  • Mount Sinai Health System Partner — Collaborates through shared leadership with Dr. David H. Adams, who serves as Cardiac Surgeon-in-Chief.
  • Patrick O'Gara, MD Partner — Featured expert in a roundtable discussion on cardiovascular leadership.
  • Pusat Jantung Nasional Partner — Hosted a surgical mission by the Mitral Foundation for treating complex congenital mitral valve disease.
  • Sorin Group Partner — Partnered with the Mitral Foundation to donate medical supplies for a cardiac surgery mission in Honduras.
  • The Hue Central Hospital Partner — Partner hospital in Hue, Vietnam, with which the foundation collaborates to develop pediatric cardiothoracic surgery services and conduct medical missions.
  • The Marcus Foundation Funder — Provided a generous grant to establish the Mitral Valve Repair Reference Center Award Program.
  • The Mount Sinai Hospital Partner — Primary beneficiary of the foundation's support, hosting the Mitral Valve Repair Reference Center.
  • Toronto General Hospital Partner — Hosts visiting surgeon Tirone David who participates in Mitral Foundation workshops.
  • local hospitals Partner — Collaborates with local hospitals in underserved regions to perform surgeries and build surgical capacity
+ 1 more
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Capacity-Building Through Local Training and Partnerships
    methodology: capacity-building through surgical training
    By training local surgeons and embedding education into medical missions, we build sustainable local expertise in mitral valve repair because empowered local teams can independently deliver high-quality care long after mission teams depart.
  • Global Knowledge Dissemination and Expert Synthesis
    methodology: knowledge_dissemination
    By systematically documenting and sharing surgical techniques through digital resources, expert lectures, and biennial expert forums, we advance global repair standards because widespread access to cutting-edge knowledge accelerates adoption and improves clinical practice.
  • Multidisciplinary Team-Based Care Model
    methodology: team-based_care
    By integrating specialists across cardiology, anesthesiology, echocardiography, and surgery into a unified care team, we improve surgical outcomes because collaborative expertise enhances preoperative planning, intraoperative precision, and postoperative management.
  • Performance-Based Recognition of Reference Centers
    methodology: performance-based recognition
    By identifying and promoting high-performing Mitral Valve Repair Reference Centers using objective metrics like surgical volume and outcomes, we raise global standards because recognition incentivizes quality improvement and guides patients to centers of excellence.