Foundcare Inc
- Assets
- $38.7m
- Revenue
- $40.8m
- Investments
- $114.4k
- Employees
- 234
- Location
- West Palm Beach, FL
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 54-2083748
Organization Overview
Foundcare Inc is located in West Palm Beach, FL. The organization was established in 2003. According to its NTEE Classification (G02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Foundcare Inc employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundcare Inc 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 12/2021, Foundcare Inc generated $40.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $34.7m during the year ending 12/2021. While expenses have increased by 19.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HEALTHCARE AND SOCIAL SERVICES FOR ALL INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE QUALITY PRIMARY AND PREVENTATIVE CARE TO MORE THAN 21,064 INSURED, UNINSURED AND UNDERINSURED ADULTS AND CHILDREN REGARDLESS OF THEIR ABILITY TO PAY.
PROVIDE MEDICAL AND NON-MEDICAL CASE MANAGEMENT SERVICES INCLUDING ELIGIBILITY/REFERRAL FOR MENTAL HEALTH SERVICES; SUBSTANCE ABUSE SERVICES; TREATMENT ADHERENCE COUNSELING; HOME HEALTH CARE SERVICES; EMERGENCY FINANCIAL SERVICES ASSISTANCE; FOOD SERVICES; HOUSING ASSISTANCE; MEDICAL/INSURANCE PREMIUM PAYMENTS; AND MEDICAL TRANSPORTATION TO APPROXIMATELY 10,460 CLIENTS.
PROVIDE EDUCATION/OUTREACH TO LOCAL COMMUNITIES AND COMMUNITY BASED ORGANIZATIONS IN THE PREVENTION OF HIV/AIDS TO OVER 46,000 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yolette Bonnet Chief Executive Officer | Officer | 40 | $573,480 |
Leslie Diaz MD Infectious Disease Doctor | 30 | $550,000 | |
Serge J Thys MD Physician | 40 | $283,070 | |
Stella I Medina Lewis MD Infectious Disease Special | 40 | $277,970 | |
Dr Armando Collazo Chief Medical Officer (adu | Officer | 40 | $254,560 |
Rik Pavlescak Deputy Chief Executive Officer | Officer | 36 | $254,171 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,657,748 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,486,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,143,827 |
| Total Program Service Revenue | $29,462,475 |
| Investment income | $2,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $142,881 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,823,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,654,566 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,219,567 |
| Compensation of current officers, directors, key employees. | $57,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,916,564 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,237,906 |
| Payroll taxes | $922,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,107,217 |
| Advertising and promotion | $0 |
| Office expenses | $662,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $520,113 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $109,205 |
| Interest | $176,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $563,034 |
| Insurance | $174,052 |
| All other expenses | $619,653 |
| Total functional expenses | $34,707,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,015,760 |
| Pledges and grants receivable | $1,985,499 |
| Accounts receivable, net | $3,842,785 |
| 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 | $513,369 |
| Net Land, buildings, and equipment | $14,163,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $114,404 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,179 |
| Total assets | $38,679,397 |
| Accounts payable and accrued expenses | $2,196,089 |
| Grants payable | $0 |
| Deferred revenue | $614,904 |
| 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 | $3,654,501 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,465,494 |
| Net assets without donor restrictions | $32,119,273 |
| Net assets with donor restrictions | $94,630 |
| 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 | $38,679,397 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Foundcare Inc has recieved totaling $1,047,018.
| Awarding Organization | Amount |
|---|---|
Lost Tree Village Charitable Foundation Inc North Palm Beach, FL PURPOSE: For family practice services at the Greenwood site to increase services available to residents of Riviera Beach. | $353,252 |
Quantum Foundation Inc West Palm Beach, FL PURPOSE: GENERAL FUNDING | $285,000 |
Promise Fund Of Florida Inc Palm Beach, FL PURPOSE: PATIENT NAVIGATION | $217,317 |
John F Scarpa Foundation Palm Beach, FL PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $100,000 |
David & Sondra Family Foundation Inc Fort Lee, NJ PURPOSE: EXEMPT PURPOSE | $35,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundcare Inc West Palm Beach, FL | $38,679,397 | $40,823,031 |
Oncology Managers Of Florida Inc Vero Beach, FL | $10,094 | $0 |
Heal As One Inc Miami, FL | $2,346 | $10,000 |
My Diabetes Lifestyle Center Inc Fort Charlotte, FL | $847 | $0 |
Dolce Foundation Fort Lauderdale, FL | $89,830 | $0 |