Riverside County Physicians Memorial Foundation
- Assets
- $2.9m
- Revenue
- $455.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 10/1964
- Data as of
- 12/2021
- EIN
- 95-6080778
Organization Overview
Riverside County Physicians Memorial Foundation is located in Riverside, CA. The organization was established in 1964. According to its NTEE Classification (T30) the organization is classified as: Public 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. Riverside County Physicians Memorial 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, Riverside County Physicians Memorial Foundation generated $455.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $247.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN ACTIVITIES OF A CHARITABLE AND BENEVOLENT NATURE, INCLUDING PROVIDING MEDICAL ATTENTION TO UNDERPRIVILEGED CHILDREN, PALLIATIVE SUPPORT AND EDUCATION, SCHOLARSHIPS AND ESTABLISHING COMMEMORATIVE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT K.I.N.D.: SERVICES TO "KIDS IN NEED OF DOCTORS" INCLUDING MEDICAL, VISION AND DENTAL CLINICS FOR LOW-INCOME CHILDREN.
SCHOLARSHIP FUND FOR QUALIFIED MEDICAL STUDENTS AND EARLY-CAREER PHYSICIANS; $42,000 AWARDED AS SCHOLARSHIPS AND $20,000 AWARDED UNDER LOAN REPAYMENT PROGRAM.
PHYSICIAN WELLNESS PROVIDES LOCAL SUPPORT TO PROMOTE PROFESSIONAL SATISFACTION, REDUCE STRESS, DECREASE EMOTIONAL FATIGUE AND PREVENT PHYSICAL BURNOUT BEFORE IT BEGINS.
INLAND EMPIRE PALLIATIVE CARE COALITION PROVIDES EDUCATION ABOUT THE UNIQUE NATURE OF PALLIATIVE CARE TO THE MEDICAL COMMUNITY AND THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dolores Green Executive Director | Officer | 0 | $0 |
Bruce Holmblad MD Immediate Past President | Officer | 1 | $0 |
Jennifer Barlotti MD Councilor | Officer | 1 | $0 |
Lawrence Robinson MD Secretary/treasurer | Officer | 1 | $0 |
Ajeet Singhvi MD President | Officer | 1 | $0 |
Michael Nduati MD President-Elect | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,786 |
| Related organizations | $0 |
| Government grants | $114,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,284 |
| Total Program Service Revenue | $0 |
| Investment income | $117,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $62,000 |
| 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 | $92,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,535 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,900 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,620 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,947 |
| Information technology | $4,783 |
| Royalties | $0 |
| Occupancy | $14,366 |
| Travel | $44 |
| 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 | $346 |
| Insurance | $906 |
| All other expenses | $0 |
| Total functional expenses | $247,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,180 |
| Savings and temporary cash investments | $89,388 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,893 |
| 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 | $485 |
| Net Land, buildings, and equipment | $3,727 |
| Investments—publicly traded securities | $2,477,131 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,852,804 |
| Accounts payable and accrued expenses | $430 |
| Grants payable | $0 |
| Deferred revenue | $12,738 |
| 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 | $11,159 |
| Total liabilities | $24,327 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,828,477 |
| 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 | $2,852,804 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Riverside County Physicians Memorial Foundation has recieved totaling $30,500.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Safe Access to Healthcare | $25,000 |
Dohyon Donte Kim Foundation Pasadena, CA PURPOSE: TO SUPPORT NO-COST QUALITY HEALTH CARE TO CHILDREN WHO DO NOT HAVE INSURANCE AND ARE INELIGIBLE FOR FEDERAL OR STATE ASSITANCE | $5,500 |
Endowment Analysis
| Beg. Balance | $1,320,410 |
| Earnings | $116,998 |
| Net Contributions | $90,000 |
| Grants | $32,000 |
| Ending Balance | $1,495,408 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |
Tides Network San Francisco, CA | $10,557,656 | $32,745,578 |
Focusing Philanthropy Inc Santa Monica, CA | $5,232,649 | $21,857,695 |
St Baldricks Foundation Inc Monrovia, CA | $22,964,481 | $22,578,479 |
Skid Row Housing Trust Los Angeles, CA | $203,059,004 | $18,739,094 |
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |