Good Hope Medical Foundation
- Assets
- $35.9m
- Revenue
- $516.3k
- Investments
- $34.1m
- Employees
- 0
- Location
- South Pasadena, CA
- Founding
- 10/1947
- Data as of
- 12/2022
- EIN
- 95-0782640
Organization Overview
Good Hope Medical Foundation is located in South Pasadena, CA. The organization was established in 1947. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Good Hope 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 12/2022, Good Hope Medical Foundation generated $516.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Good Hope Medical Foundation has awarded 160 individual grants totaling $13,198,192. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MLK COMMUNITY HEALTH FOUNDATION - TO PROVIDE FUNDING FOR DIABETES MANAGEMENT CENTER OF EXCELLENCE AND SUPPORT FOR CONSULTING CONTRACT WITH UCLA CENTER FOR HEALTH POLICY RESEARCH
CARE HARBOR - TO SUPPORT 2023 LOS ANGELES AREA HEALTH CLINIC, AND GENERAL OPERATING SUPPORT
JWCH INSTITUTE, INC - TO PROVIDE ASSISTANCE ON PATIENT RE-ENGAGEMENT AND ENHANCED CARE PROJECT
UNION RESCUE MISSION - TO SUPPORT URM/LACHC MEDICAL CLINIC PARTNERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Astrid Heppenstall Heger Director | 2 | $0 | |
Bob Adler Director | 2 | $0 | |
Alexander Li Director | 2 | $0 | |
Peter Katona Director | 2 | $0 | |
Howard Kahn Director | 2 | $0 | |
Diana Bonta Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lee Sperling Hisamune Ac | 12/30/22 | $20,470 |
Whittier Trust Company | 12/30/22 | $192,316 |
Lee Sperling Hisamune Ac | 12/30/22 | $0 |
Whittier Trust Company | 12/30/22 | $95,000 |
Whittier Trust Company | 12/30/22 | $0 |
Whittier Trust Company | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $686,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$170,337 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$197 |
| Total Revenue | $516,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,717 |
| Total operating and administrative expenses | $323,009 |
| Contributions, gifts, grants paid | $2,174,260 |
| Total expenses and disbursements | $2,497,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,587,105 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,779,214 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $171,158 |
| Total assets | $35,886,360 |
| Accounts payable and accrued expenses | $22,777 |
| Grants payable | $328,224 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $149,664 |
| Total liabilities | $500,665 |
Grants Awarded
Over the last fiscal year, Good Hope Medical Foundation has awarded $2,174,260 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNDED PARENTHOOD LOS ANGELES PURPOSE: TO PROVIDE VITAL SAFETY-NET REPRODUCTIVE AND SEXUAL HEALTH SERVICES IN THE ANTELOPE VALLEY | $50,000 |
THE ACHIEVABLE FOUNDATION PURPOSE: ACHIEVABLE'S WHOLE PERSON CARE PROJECT EXPANSION | $50,000 |
CLARIS HEALTH PURPOSE: MENTAL HEALTH AND THERAPEUTIC SUPPORT PROGRAM | $50,000 |
UCLA FOUNDATION PURPOSE: MOBILE CLINIC PROJECT FUND (#61130C) AND UCLA FIELDING SCHOOL - FSPH FIELDWORK FUND (#31286C) | $20,000 |
YOUNG HEALTHY PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
CHILDRENS HOSPITAL LOS ANGELES PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |