Altamed Foundation
- Assets
- $56.8m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1987
- Data as of
- 12/2023
- EIN
- 95-4090420
Organization Overview
Altamed Foundation is located in Los Angeles, CA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Altamed 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, Altamed Foundation generated $4.8m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 173.2% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALTAMED FOUNDATION'S MISSION IS TO SUPPORT ALTAMED HEALTH SERVICES CORP. IN ITS MISSION TO INCREASE ACCESS TO COMPREHENSIVE HEALTH & HUMAN SERVICES AND REDUCE HEALTH CARE DISPARITIES IN THE COMMUNITIES OF SOUTHERN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS PILLAR.THE ALTAMED FOUNDATION CULTIVATES SEVERAL PIPELINE PROGRAMS THAT ALLOW FUTURE GENERATIONS TO THRIVE OUTSIDE OF OUR CLINICS. PROGRAMS SUCH AS THE ESCALERA PROGRAM OFFERS 50 STUDENTS TO BECOME THE NEXT GENERATION OF HEALTH CARE LEADERS THROUGH, INDIVIDUAL COUNSELING, CAREER PLANNING RESOURCES, NETWORKING OPPORTUNITIES, FINANCIAL AID, AND STEM AWARENESS. OUR YOUTH CHAMPIONS PROGRAM ALLOWED FOR 416 STUDENTS TO ATTEND 26 VIRTUAL PERSONAL DEVELOPMENT SESSIONS, SIX GO AND SEE EXPERIENCES, AND THE CREATION OF A BOOK CLUB TO KEEP STUDENTS AND ALUMNI ENGAGED. 378 PROVIDERS RECEIVED HEALTH EDUCATION IN TOPICS INCLUDING CARDIOLOGY AND NUTRITION.
LIFE PILLAR.THE ALTAMED FOUNDATION HELPS OUR PATIENTS WITH THE EMERGENCIES AND CRISES THAT THREATEN TO DESTABILIZE FAMILIES. OUR COMMUNITIES CARE FUND PROVIDES MICRO-CASH GRANTS TO PATIENTS WITH EMERGENCY NEEDS. IN 2023, WE PROVIDED 388 PATIENTS WITH IMMEDIATE FINANCIAL ASSISTANCE, WITH AN AVERAGE GIFT OF $310.
EQUITY PILLAR.THE ALTAMED FOUNDATION ACHIEVES GOOD HEALTH BEYOND THE CARE OUR PATIENTS RECEIVE IN OUR HEALTH CENTERS, AND ADDRESSES DISPARITIES IN ACCESS TO CARE. WHEN PATIENTS ARE SUPPORTED BY DOCTORS AND NURSES WHO UNDERSTAND THEM, AS WELL AS HAVE ACCESS TO HEALTHY FOOD, A ROOF OVER THE HEADS, A LIVING WAGE, AND A PLACE TO TURN TO WHEN IN NEED, THEY AND THEIR COMMUNITIES CAN FLOURISH. THESE FUNDS WERE ALLOCATED TO OUR CIVIC ENGAGEMENT EFFORTS, WHICH SCALED OUR EFFORTS AMONG OTHER COMMUNITY HEALTH CARE CENTERS THROUGHOUT CALIFORNIA, ALSO REACHING OVER 40 REGIONAL ASSOCIATIONS AND 100 PROMOTERS (COMMUNITY HEALTH WORKERS), IN PARTNERSHIP WITH CALIFORNIA PRIMARY CARE ASSOCIAION.
HEALTH PILLAR.THE ALTAMED FOUNDATION KEEPS FAMILIES HEALTHY AND HAPPY THROUGH PRIMARY CARE PRACTICES, SUCH AS RESTORING AND IMPROVING RATES OF BASIC SCREENINGS AND CHRONIC DISEASE MANAGEMENT AND PROGRAMS THAT TARGET THE UNIQUE NEEDS OF WOMEN AND CHILDREN. PROGRAMS RANGING FROM CARDIOLOGY PROGRAMS, BEHAVIORIAL HEALTH TO SUPPORITING HEALTH CARE SERVICES THAT TEENS AND YOUNG ADULTS TO TAKE CONTROL OF THEIR PHYSICAL, MENTAL, AND SEXUAL AND REPRODUCTIVE HEALTH.THESE FUNDS IMPACTED 381 STUDENTS AT LOS ANGELES BASED ELEMENTARY SCHOOLS RECEIVED SCHOOL-BASED BEHAVIORAL HEALTH CARE; 618 PATIENTS RECEIVED BOOKS THROUGH PHYSICAN-BASED REACH OUT & READ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alejandra Velazquez Board Member | Trustee | 1 | $0 |
Avo Ashkharikian Board Member(until 2/13/23) | Trustee | 1 | $0 |
Bertha Aguirre Secretary | OfficerTrustee | 1 | $0 |
Bruce Pansky Board Member(until 6/20/23) | Trustee | 1 | $0 |
Castulo DE La Rocha JD Board Member | Trustee | 3 | $0 |
Celia Huber Board Member | Trustee | 1 | $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 | $3,842,857 |
| Noncash contributions included in lines 1a–1f | $20,339 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,842,857 |
| Total Program Service Revenue | $0 |
| Investment income | $915,577 |
| 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 | $4,758,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,234,902 |
| Grants and other assistance to domestic individuals. | $146,957 |
| 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 | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $64,868 |
| Total functional expenses | $1,446,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,242,595 |
| Savings and temporary cash investments | $50,945,049 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $584,728 |
| Total assets | $56,772,372 |
| Accounts payable and accrued expenses | $280 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $286,837 |
| Total liabilities | $287,117 |
| Net assets without donor restrictions | $1,125,679 |
| Net assets with donor restrictions | $55,359,576 |
| 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 | $56,772,372 |