Los Angeles Medical Center Foundation
- Assets
- $10.3m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 06-1701801
Organization Overview
Los Angeles Medical Center Foundation is located in Los Angeles, CA. The organization was established in 2003. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, 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. Los Angeles Medical Center 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, Los Angeles Medical Center Foundation generated $6.3m in total revenue. All expenses for the organization totaled $817.0k during the year ending 12/2023. While expenses have increased by 79.0% per year over the past 9 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 2018, Los Angeles Medical Center Foundation has awarded 18 individual grants totaling $903,667. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION STARTED OPERATING "FREE SATURDAY CLINIC" ON JULY 10, 2004. FUNDS RECEIVED WERE ALL SPENT TO ACHIEVE THE MAJOR EXEMPT PURPOSE OF THE FOUNDATION WHICH IS TO CONDUCT FREE CLINICS FOR POOR FAMILIES. AS ADDITIONAL FUNDS ARE RECEIVED, THE FOUNDATION WILL EXPAND ITS ACTIVITIES TO INCLUDE OTHER FREE HEALTH SERVICES TO POOR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Jayasinghe MD President | 10 | $48,000 | |
Gamini Hethumuni Director | 0 | $0 | |
Aeshea Jayasinghe Director | 10 | $0 | |
Shirani Stanislaus Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,304,497 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $6,304,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $137,645 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $173,067 |
| Total operating and administrative expenses | $358,712 |
| Contributions, gifts, grants paid | $458,333 |
| Total expenses and disbursements | $817,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,330,924 |
| Total assets | $10,330,924 |
| Accounts payable and accrued expenses | $0 |
| 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 | $164 |
| Total liabilities | $164 |
Grants Awarded
Over the last fiscal year, Los Angeles Medical Center Foundation has awarded $274,167 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ECONOMICS FOR WOMEN PURPOSE: IMPROVE HOUSING, ECONOMICAL, SOCIAL, HEALTH AND WELLNESS OF RESIDENTS OF THE CITY OF LOS ANGELES | $166,667 |
MORTIMER MIMI LEVITT FOUNDATION PURPOSE: CHARITY | $7,500 |
INDIRA CANCER TRUST PURPOSE: CANCER HELP LINE, KIVELIHOOD PROGRAM, COUNSELLING SUPOORTBREAST PROSTHESIS PROGRAM | $100,000 |