Masimo Foundation For Ethics Innovation & Competition In Health
- Assets
- $933.7k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 09/2010
- Data as of
- 03/2024
- EIN
- 01-0956020
Organization Overview
Masimo Foundation For Ethics Innovation & Competition In Health is located in Irvine, CA. The organization was established in 2010. 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. Masimo Foundation For Ethics Innovation & Competition In Health 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 03/2024, Masimo Foundation For Ethics Innovation & Competition In Health generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $2.9m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Masimo Foundation For Ethics Innovation & Competition In Health has awarded 102 individual grants totaling $20,938,010. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Kiani Chairman | 0.5 | $0 | |
Frederick Harris Director | 0.25 | $0 | |
Sarah Kiani Director | 0.25 | $0 | |
Steve Jensen Director | 0.25 | $0 | |
Tom Mcclenahan Secretary | 0.05 | $0 | |
Micah Young Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,800,000 |
| Interest on Savings | $46 |
| Dividends & Interest | $36,991 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,837,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $764 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $6,300 |
| Other expenses | $1,055 |
| Total operating and administrative expenses | $45,117 |
| Contributions, gifts, grants paid | $2,820,626 |
| Total expenses and disbursements | $2,865,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $926,552 |
| Savings and temporary cash investments | $0 |
| 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 | $7,150 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $933,702 |
| Accounts payable and accrued expenses | $8,170 |
| Grants payable | $108,556 |
| 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 | $116,726 |
Grants Awarded
Over the last fiscal year, Masimo Foundation For Ethics Innovation & Competition In Health has awarded $3,363,930 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ONEOC PURPOSE: GENERAL OPERATIONS | $1,000,000 |
CHILDREN'S PSC FOUNDATION PURPOSE: GENERAL OPERATIONS | $50,000 |
AYENEH FOUNDATION PURPOSE: GENERAL OPERATIONS | $100,000 |
AYENEH FOUNDATION PURPOSE: GENERAL OPERATIONS | $100,000 |
BILL HILLARY AND CHELSEA CLINTON FOUNDATION PURPOSE: GENERAL OPERATIONS | $500,000 |
SHARESAFE SOLUTIONS LLC PURPOSE: CREATION OF VIDEO SERIES RE PATIENT SAFETY AND PREVENTION OF HOSPITAL ACQUIRED CONDITIONS. | $250,000 |