Latvian Medical Foundation
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Mattapoisett, MA
- Founding
- 02/1992
- Data as of
- 09/2022
- EIN
- 04-3134710
Organization Overview
Latvian Medical Foundation is located in Mattapoisett, MA. The organization was established in 1992. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latvian Medical Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Latvian Medical Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.5% each year . All expenses for the organization totaled $194.5k during the year ending 09/2022. While expenses have increased by 22.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FELLOWSHIP AWARDS.IMPROVE HEALTH CARE DELIVERY IN LATVIA.HUMANITARIAN ASSISTANCE TO UKRAINE AND UKRANIAN REFUGEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMANITARIAN ASSISTANCE FOR UKRANIAN REFUGEES IN LATVIA. HUMANITARIAN ASSISTANCE TO UKRAINE (AMBULANCE) ZARINS TRAVELING FELLOWSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Zarins Vice President | OfficerTrustee | 0 | $0 |
Peters Otlans MD Secretary | OfficerTrustee | 0 | $0 |
Bertram Zarins MD President & Treasurer | OfficerTrustee | 0 | $0 |
Valdis Zatlers Chairman | Trustee | 0 | $0 |
Alexksandra Kalnins MD Director | Trustee | 0 | $0 |
Dainis Krievins MD PHD Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,041,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,041,180 |
| Total Program Service Revenue | $0 |
| Investment income | $498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,041,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $153,029 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $194,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,918 |
| Savings and temporary cash investments | $1,088,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,221,352 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,221,352 |
| Total liabilities and net assets/fund balances | $1,221,352 |
Grants Awarded
Over the last fiscal year, Latvian Medical Foundation has awarded $364,363 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
EUA CLAIRE FOUNDATION | | | $255,055 |
CARE USA | | | $18,218 |
Seattle, WA | | $18,218 |
Minneapolis, MN | | $18,218 |
AMERICAN LATVIAN ASSOCIATION | | | $18,218 |
LUTHERAN IMMEGRATION & REFUGE | | | $18,218 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Finger Lakes Performing Provider System Inc Rochester, NY | $41,997,931 | $67,997,644 |
Holyoke Health Center Inc Holyoke, MA | $37,042,548 | $55,169,928 |
Depaul Adult Care Communties Inc Rochester, NY | $12,844,666 | $48,377,747 |
Federation Of Organizations For The New York State Mentally Disabled West Babylon, NY | $34,800,632 | $51,638,775 |
Long Island Jewish Medical Center At Home Pharmacy Inc Westbury, NY | $5,530,043 | $43,997,615 |
Western New York Independent Living Inc Buffalo, NY | $29,215,885 | $46,881,599 |
Mcauley-Seton Home Care Inc Buffalo, NY | $77,262,995 | $46,063,677 |
Community Catalyst Inc Boston, MA | $56,345,662 | $63,488,267 |
Best Choice Home Health Care Inc Flushing, NY | $12,215,789 | $31,841,732 |
Promedica Indemnity Insurance Corporation Burlington, VT | $137,586,435 | $28,459,378 |
1199seiu Labor Management Initiatives Inc New York, NY | $9,531,850 | $18,632,453 |
Northwest Community Health Care Pascoag, RI | $20,226,768 | $25,758,175 |