Pamc Health Foundation Inc
- Assets
- $10.1m
- Revenue
- $266.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 95-4295719
Organization Overview
Pamc Health Foundation Inc is located in Los Angeles, CA. The organization was established in 1991. 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. Pamc Health Foundation Inc 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, Pamc Health Foundation Inc generated $266.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $238.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Pamc Health Foundation Inc has awarded 24 individual grants totaling $906,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMUNITY HEALTH AWARENESS THROUGH HEALTH EDUCATION; TO SUPPORT MEDICAL RESEARCH OF DISEASES THAT PRIMARILY AFFECT THE ASIAN COMMUNITY; TO ESTABLISH HEALTH RELATED COMMUNITY PROJECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAMC HEALTH FOUNDATION PHYSICIAN ASSISTANT ENDOWED SCHOLARSHIP FUND WITH LOMA LINDA UNIVERSITY MEDICAL SCHOOL.
PAMC HEALTH FOUNDATION ENDOWMENT FUND INTENDED TO PROVIDE SCHOLARSHIP SUPPORT TO STUDENTS IN THE PRIMARY CARE PHYSICIAN ASSISTANT PROGRAM IN THE USC DEPARTMENT OF FAMILY MEDICINE AT THE KECK SCHOOL OF MEDICINE OF USC.
PAMC MEDICAL STUDENT SCHOLARSHIP PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl K Moy MD President & CEO | OfficerTrustee | 3 | $0 |
Tg Wing Chow MD Secretary | OfficerTrustee | 1.5 | $0 |
Thomas Hwee MD Vice President | OfficerTrustee | 1.5 | $0 |
Shi-Yin Wong MD Director | Trustee | 3 | $0 |
Tit Sang Li MD Director | Trustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $266,098 |
| 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 | $266,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| 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 | $31,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,251 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $144 |
| 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 | $8,275 |
| All other expenses | $0 |
| Total functional expenses | $238,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,729 |
| 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 | $0 |
| Investments—publicly traded securities | $10,102,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $10,113,338 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $100,000 |
| 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 | $0 |
| Total liabilities | $100,000 |
| Net assets without donor restrictions | $10,013,338 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $10,113,338 |
Grants Awarded
Over the last fiscal year, Pamc Health Foundation Inc has awarded $130,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHINATOWN SERVICE CENTER PURPOSE: COMMUNITY BENEFIT PROGRAM COLLABORA | $10,000 |
ELAINE CHEUNG PURPOSE: SCHOLARSHIP | $20,000 |
LOMA LINDA UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $50,000 |
UNIVERSITY OF S CALIFONIA PURPOSE: SCHOLARSHIP FUND | $50,000 |