Medici Foundation
- Assets
- $2.9m
- Revenue
- $323.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 33-0637812
Organization Overview
Medici Foundation, operating under the name Public Benefit Corporation, is located in Irvine, CA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Public Benefit Corporation 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, Public Benefit Corporation generated $323.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $620.7k during the year ending 12/2021. 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
PROVIDE FINANCIAL SUPPORT FOR THE CULTURAL ARTS, MEDICAL RESEARCH AND PHILANTHROPIC CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROVIDED TO ASSIST A DOCTOR TO OBTAIN NEW RESEARCH PRESENTATIONS: -LT SURVIVAL AND TOXICITY OF POST PROSTATECOMY PATIENTS.
GRANTS PRESENTED TO BREAST CANCER OF IRVINE THAT OFFERS MAMMOGRAMS AND OTHER SCREENINGS TO REFERRED PATIENTS REGARDLESS OF INSURANCE OR FINANCIAL BARRIERS.
OTHER GRANTS PRESENTED FOR THE FOLLOWING: -CANCER FOR COLLEGE; IN SUPPOORT OF CANCER PATIENTS & RESEARCH -TUITION GRANT OFFERED IN SUPPORT OF A CONSIDERED MEANS-CHALLENGED NURSE PRATITIONER CANDIDATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Tokita Director/president | OfficerTrustee | 4 | $0 |
Chuck Fosdick Director | Trustee | 2 | $0 |
Jack Vance Director | Trustee | 2 | $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 | $78,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,219 |
| Total Program Service Revenue | $0 |
| Investment income | $65,514 |
| 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 | $323,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $518,104 |
| Grants and other assistance to domestic individuals. | $24,335 |
| 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 | $61,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,825 |
| 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 | $14,820 |
| Total functional expenses | $620,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,920 |
| 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 | $2,812,649 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $2,917,569 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,917,569 |
| Total liabilities and net assets/fund balances | $2,917,569 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medici Foundation has recieved totaling $20,005.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loma Linda - Inland Empire Consortium For Healthcare Educatio Loma Linda, CA | $13,392,456 | $70,891,145 |
The Larry Ellison Foundation Walnut Creek, CA | $37,551,478 | $41,100,114 |
The@bob And Margie Petersen Foundation Pasadena, CA | $667,659 | $2,230,866 |
H N And Frances C Berger Foundation Palm Desert, CA | $0 | $33,542,888 |
Nike Foundation Beaverton, OR | $18,150,265 | $37,684,992 |
Playworks Education Energized Oakland, CA | $24,126,538 | $37,991,341 |
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |