Foundation Of Orange County Medical Association
- Assets
- $176.6k
- Revenue
- $9.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4271018
Organization Overview
Foundation Of Orange County Medical Association is located in Newport Beach, CA. The organization was established in 2014. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Orange County Medical Association 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 12/2023, Foundation Of Orange County Medical Association generated $9.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $21.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN THE STABILIZATION OF HEALTH CARE COSTS WHILE MAINTAINING THE QUALITY OF HEALTH CARE BY PERFORMING UTILIZATION REVIEW OF THE PROFESSIONAL ACTIVITIES OF PHYSICIANS AND OTHER HEALTH CARE PRACTITIONERS AND INSTITUTIONAL AND NON-INSTITUTIONAL PROVIDERS OF HEALTH CARE SERVICES,AND, IN CONNECTION THEREWITH, TO DETERMINE OR ADVISE AS TO THE STANDARDS OF HEALTH CARE WHICH ARE PROFESSIONALLY RECOGNIZED; TO ASCERTAIN AND ADVISE AS TO THE MEDICAL NECESSITY OF PARTICULAR SERVICES; TO ADVISE ON THE MANNER IN WHICH SERVICES MAY BE PROVIDED IN THE MOST ECONOMICAL MANNER CONSISTENT WITH PROFESSIONAL STANDARD OF MAINTENANCE OF THE QUALITY OF CARE; TO PERFORM STUDIES AND ANALYSES OF TRENDS IN THE UTILIZATION OF MEDICAL SERVICES AND IN THE QUALITY OF MEDICAL CARE RENDERED TO THE GENERAL PUBLIC, AND TO PROVIDE EDUCATIONAL SERVICES TO HEALTH CARE PROVIDERS AND THE GENERAL PUBLIC CONCERNING SUCH TRENDS; AND TO PROVIDE INFORMATION SERVICES TO HEALTH CARE PROVIDERS IN ORDER TO FACILITATE THE DELIV
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST IN THE STABILIZATION OF HEALTH CARE COSTS WHILE MAINTAINING THE QUALITY OF HEALTH CARE BY PERFORMING STUDIES REGARDING THE PROFESSIONAL ACTIVITIES OF PHYSICIANS AND OTHER HEALTH CARE PRACTITIONERS.
PROVIDE MONETARY, MEDICAL, HOSPITAL, CLINICAL AND OTHER AID TO NEEDY ORANGE COUNTY PHYSICIANS, THEIR FAMILIES AND NEEDY MEDICAL STUDENTS WHO ARE ACTIVELY ENGAGED IN THE STUDY OF MEDICINE IN AN APPROVED MEDICAL SCHOOL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crispina Chong-Han Secretary | OfficerTrustee | 2 | $0 |
Vijay Dhar MD Past President | OfficerTrustee | 2 | $0 |
William O Woo MD President | OfficerTrustee | 2 | $0 |
Shalini Shah MD President Elect | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $5,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,419 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,000 |
| Information technology | $1,200 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,565 |
| Savings and temporary cash investments | $0 |
| 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 | $173,069 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $176,634 |
| 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 | $20,176 |
| Total liabilities | $20,176 |
| Net assets without donor restrictions | $156,458 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $176,634 |