Good Hope Medical Foundation
- Assets
- $45.2m
- Revenue
- $3.2m
- Investments
- $43.1m
- Employees
- 0
- Location
- South Pasadena, CA
- Founding
- 10/1947
- Data as of
- 12/2021
- 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 12/2021, Good Hope Medical Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 3.8% 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.
Since 2015, Good Hope Medical Foundation has awarded 133 individual grants totaling $11,023,932. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MLK COMMUNITY HEALTH FOUNDATION - TO PROVIDE FUNDING FOR DIABETES MANAGEMENT CENTER OF EXCELLENCE.
CARE HARBOR - TO SUPPORT FUNDING A COO POSITION TO HELP PROVIDE AN INFRASTRUCTURE FOR THE ORGANIZATION.
JWCH INSTITUTE, INC - TO PROVIDE ASSISTANCE ON PATIENT RE-ENGAGEMENT AND ENHANCED CARE PROJECT
ST JOHN'S WELL CHILD AND FAMILY CENTER - TO PROVIDE SCHOOL-BASED HEALTH AND WELLNESS CENTER EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Astrid Heppenstall Heger Director | 2 | $0 | |
Bob Adler Director | 2 | $0 | |
Peter Katona Director | 2 | $0 | |
Alexander Li 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 | 12/30/21 | $10,425 |
Whittier Trust Company | 12/30/21 | $0 |
Whittier Trust Company | 12/30/21 | $95,000 |
Lee Sperling Hisamune Ac | 12/30/21 | $0 |
Whittier Trust Company | 12/30/21 | $216,569 |
Whittier Trust Company | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $715,423 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,511,782 |
| Capital Gain Net Income | $2,511,782 |
| Net ST Capital Gain | $140,710 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,031 |
| Total Revenue | $3,231,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,649 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,825 |
| Total operating and administrative expenses | $374,009 |
| Contributions, gifts, grants paid | $1,639,850 |
| Total expenses and disbursements | $2,013,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,920,890 |
| 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 | $1,022,243 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $121,188 |
| Total assets | $45,168,327 |
| Accounts payable and accrued expenses | $26,679 |
| Grants payable | $1,048,012 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $251,209 |
| Total liabilities | $1,325,900 |
Grants Awarded
Over the last fiscal year, Good Hope Medical Foundation has awarded $2,689,850 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
MLK COMMUNITY HEALTH FOUNDATION PURPOSE: FOR DIABETES MANAGEMENT CENTER | $500,000 |
MLK COMMUNITY HEALTH FOUNDATION PURPOSE: FOR DIABETES MANAGEMENT CENTER | $500,000 |
Commerce, CA PURPOSE: TO SUPPORT THE COMPLEX CARE MANAGEMENT PROGRAM OF BEHAVIORAL HEALTH & HOMELESS PATIENTS | $500,000 |
Commerce, CA PURPOSE: TO SUPPORT THE RESIDENTIAL SUBSTANCE ABUSE TREATMENT AND TRANSITIONAL HOUSING FOR WOMEN. | $250,000 |
Torrance, CA PURPOSE: TO SUPPORT AUDIT & COORDINATION WITH MAVEN PROJECT, AND GENERAL OPERATING SUPPORT | $227,000 |
Los Angeles, CA PURPOSE: TO SUPPORT UNACCOMPANIED MINOR - NUESTRA PROMESA PROGRAM | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Abc California Health Trust San Diego, CA | $8,208,446 | $18,293,053 |
Montage Health Foundation Monterey, CA | $246,774,163 | $32,937,422 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
John Muir Foundation Walnut Creek, CA | $65,372,142 | $20,131,142 |
Gallo Union Health Trust Modesto, CA | $21,480,077 | $14,963,749 |
Redwood Community Health Network Petaluma, CA | $4,126,775 | $12,982,178 |
Kuakini Foundation Honolulu, HI | $15,169,850 | $4,896,720 |
Martin Luther King Jr Community Health Foundation Los Angeles, CA | $43,323,066 | $8,250,886 |