Physicians Aid Association
- Assets
- $6.6m
- Revenue
- $584.3k
- Investments
- $6.1m
- Employees
- 0
- Location
- West Hollywood, CA
- Founding
- 07/1944
- Data as of
- 12/2021
- EIN
- 95-1660852
Organization Overview
Physicians Aid Association is located in West Hollywood, CA. The organization was established in 1944. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Physicians Aid 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 12/2021, Physicians Aid Association generated $584.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $316.4k during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 6 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, Physicians Aid Association has awarded 48 individual grants totaling $1,096,685. 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
FINANCIAL AID TO FIVE MEDICAL DOCTORS EXPERIENCING TEMPORARY FINANCIAL HARDSHIP.
RESTRICTED GRANTS TO THREE MEDICAL SCHOOLS TO PROVIDE FINANCIAL AID TO MEDICAL STUDENTS FOR BASIC LIVING NECESSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick A Mauer MD Vice President | 3 | $0 | |
Mona Iskander MD Secretary | 2 | $0 | |
Othella T Owens MD Treasurer | 3 | $0 | |
Katherine Galos MD Director | 1 | $0 | |
John A Kowalczyk DO Director | 1 | $0 | |
Mason Hohl MD Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,936 |
| Interest on Savings | $0 |
| Dividends & Interest | $109,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $411,578 |
| Capital Gain Net Income | $411,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,000 |
| Total Revenue | $584,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,372 |
| Depreciation | $0 |
| Occupancy | $365 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,635 |
| Total operating and administrative expenses | $118,771 |
| Contributions, gifts, grants paid | $197,652 |
| Total expenses and disbursements | $316,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,428 |
| Savings and temporary cash investments | $360,312 |
| 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 | $4,115 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,252,001 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,579,952 |
| Accounts payable and accrued expenses | $2,687 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,687 |
Grants Awarded
Over the last fiscal year, Physicians Aid Association has awarded $197,652 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UCLA DAVID GEFFEN SCHOOL OF MEDICIN PURPOSE: GRANT TO STUDENTS | $50,000 |
CHARLES DREW SCHOOL OF MEDICINE PURPOSE: GRANT TO STUDENTS | $30,000 |
USC KECK SCHOOL OF MEDICINE PURPOSE: GRANT TO STUDENTS | $30,000 |
GILBERT MINTZ PURPOSE: UNEXPECTED FINANCIAL HARDSHIP | $21,000 |
ZEV NEVO PURPOSE: UNEXPECTED FINANCIAL HARDSHIP | $19,200 |
LYLE ROYER PURPOSE: UNEXPECTED FINANCIAL HARDSHIP | $19,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Physicians Aid Association has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Femino Foundation Pasadena, CA PURPOSE: CA | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |