Ladmc Foundation
- Assets
- $3.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-1913047
Organization Overview
Ladmc Foundation is located in Los Angeles, CA. The organization was established in 2019. According to its NTEE Classification (E70) the organization is classified as: Public Health, 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. Ladmc 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 12/2023, Ladmc Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.9% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LADMC FOUNDATIONS GOAL IS TO TRAIN LOS ANGELES COUNTY NURSES IN LEADERSHIP AND HEALTH CARE, AND TO PROMOTE HEALTH AND WELLNESS EDUCATION TO COMMUNITIES AND NEIGHBORHOODS THROUGHOUT THE LOS ANGELES REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LADMC RAN COMMUNITY HEALTH FAIRS IN THE LOS ANGELES REGION. THOSE FAIRS PROVIDED BASIC PUBLIC HEALTH EDUCATION TO SOME OF THE MOST VULNERABLE COMMUNITIES IN THE LOS ANGELE REGION. THE FAIRS ALSO PROVIDED ATTENDEES WITH BASIC SCREENIG TEST, SUCH AS DIABETES SCREENING, AND BLOOD PRESSURE TESTS. THE FAIRS REACHED APPROXIMATELY 1,000 PEOPLE.
LADMC FOUNDATION CONTINUES ITS PROGRAM TO PROVIDE SCHOLARSHIPS FOR INDIVIDUALS TO BECOME NURSES, FILLING A DIRE NEED FOR NURSES DURING COVID-19 PANDEMIC. SCHOLARSHIPS WERE APPLIED FOR THROUGH THE LADMCS FOUNDATION WEBSITE AND AWARDED ON AN OBJECTIVE, NON-DISCRIMITORY BASES.
LADMC FOUNDATIONS NURSING AND HEALTH AND WELLNESS PROGRAMS TAUGHT NURSES THROUGHTOUT THE LOS ANGELES REGION SKILLS AND KNOWLEGE, SUCH AS PATIENT COMMUNICATION, THE LATEST IN-PATIENT CENTERED PRACTICES, TEAM LEADERSHIP PRACTICES, NEW TECHNOLOGY USES TO IMPROVE PATIENT OUTCOMES. THE PROGRAM FOCUSES ON WELLNESS BENEFITS FOR NURSES DURING EMERGENCIES, INCLUDING ACCORDS AND AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Iturbe Board Member | Trustee | 5 | $0 |
William Nelson Board Member/president | OfficerTrustee | 5 | $0 |
Vicki P Rollins Board Member/secretary | OfficerTrustee | 5 | $0 |
Mark Valentino Board Member/treasurer | OfficerTrustee | 5 | $0 |
Jennifer Rollins Board Member | Trustee | 5 | $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 | $1,389,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,389,705 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,389,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $378,050 |
| 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 | $0 |
| Fees for services: Legal | $12,704 |
| Fees for services: Accounting | $178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $388,948 |
| Office expenses | $1,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,180 |
| 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 | $22,452 |
| All other expenses | $63,104 |
| Total functional expenses | $897,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,639,061 |
| 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 | $2,148,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,787,093 |
| 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 | $500,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $500,000 |
| 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 | $3,287,093 |
| Total liabilities and net assets/fund balances | $3,787,093 |