Martin Luther King Jr Community Health Foundation
- Assets
- $62.5m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Los Angeles, CA
- Founding
- 06/2012
- Data as of
- 06/2022
- EIN
- 45-4433505
Organization Overview
Martin Luther King Jr Community Health Foundation is located in Los Angeles, CA. The organization was established in 2012. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Martin Luther King Jr Community Health Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin Luther King Jr Community Health 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 06/2022, Martin Luther King Jr Community Health Foundation generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Martin Luther King Jr Community Health Foundation has awarded 11 individual grants totaling $36,376,107. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GATHER AND STEWARD RESOURCES IN SUPPORT OF THE MISSION, VISION AND VALUES OF THE MARTIN LUTHER KING, JR. COMMUNITY HOSPITAL AND THE COMMUNITY IT SERVES. THE FOUNDATION SUPPORTS INITIATIVES THAT WILL CREATE AN IMPACT IN HEALTH ACCESS, AND PROVIDES RESOURCES FOR HOSPITAL SERVICES AND PROGRAMS. WITH THE HOSPITAL, THE FOUNDATION WORKS TO ENSURE POSITIVE LONG-TERM HEALTH OUTCOMES FOR THE SOUTH LOS ANGELES COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE FOUNDATION: ACHIEVED $21.8MM IN CONTRIBUTED REVENUE, THE HIGHEST RESULT IN THE FOUNDATION'S HISTORY; PROVIDED PHILANTHROPIC SUPPORT FOR COVID-19 FUNDING NEEDS, INCLUDING: EXPANDED CAPACITY FOR INPATIENT CARE; CONVERSION OF HOSPITAL FLOOR INTO AN ICU UNIT; PURCHASE OF SUPPLIES AND EQUIPMENT; EXPANDED COMMUNITY-BASED CARE WITH FUNDING FOR PHYSICIANS AND CLINICS IN THE OUTPATIENT SETTING; SECURED GIFTS TO LAUNCH THE GRADUATE MEDICAL EDUCATION PROGRAM, AN INTERNAL MEDICINE RESIDENCY; ACHIEVED HISTORIC HIGH IN PARTICIPATION AND REVENUES IN MLKCH GIVES, THE ANNUAL GIVING PROGRAM INCLUDING EMPLOYEES AND PHYSICIANS, INCLUDING OVER 700 EMPLOYEE DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Kobara Board Chair | OfficerTrustee | 6 | $0 |
Robert Margolis MD Board Secretary | OfficerTrustee | 2 | $0 |
Denise Pines Board Treasurer | OfficerTrustee | 2 | $0 |
Manuel A Abascal Board Member | Trustee | 2 | $0 |
Brad Armstrong Board Member | Trustee | 2 | $0 |
Elaine Batchlor MD Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venture Production Group Video Production For Dream Show | 6/29/22 | $125,717 |
Rm Design Studio Inc Marketing And Communications | 6/29/22 | $346,855 |
Firefly Inc Grant Writing And Content | 6/29/22 | $124,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $641,497 |
| Related organizations | $1,135,131 |
| Government grants | $750,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,227,628 |
| Noncash contributions included in lines 1a–1f | $16,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,754,256 |
| Total Program Service Revenue | $0 |
| Investment income | $576,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104 |
| Net Income from Fundraising Events | -$297,382 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,033,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,082,392 |
| 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. | $508,992 |
| Compensation of current officers, directors, key employees. | $254,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $594,519 |
| Pension plan accruals and contributions | $13,701 |
| Other employee benefits | $89,596 |
| Payroll taxes | $65,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,596 |
| Fees for services: Accounting | $3,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $118,434 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $481,487 |
| Advertising and promotion | $428,828 |
| Office expenses | $73,761 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,100 |
| Travel | $13,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,680 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $863 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,519,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,610,435 |
| Savings and temporary cash investments | $91 |
| Pledges and grants receivable | $3,394,896 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $54,001,975 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,016 |
| Net Land, buildings, and equipment | $4,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $408,584 |
| Total assets | $62,493,659 |
| Accounts payable and accrued expenses | $147,836 |
| 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 | $54,001,975 |
| Total liabilities | $54,149,811 |
| Net assets without donor restrictions | $1,337,348 |
| Net assets with donor restrictions | $7,006,500 |
| 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 | $62,493,659 |
Grants Awarded
Over the last fiscal year, Martin Luther King Jr Community Health Foundation has awarded $9,125,525 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARTIN LUTHER KING JR-LOS ANGELES HEALTHCARE CORPORATION PURPOSE: LEASEHOLD IMPROVEMENTS, ENDOSCOPY SUITE, NURSE TRAINING, AND EMERGENCY RELIEF | $2,888,025 |
MARTIN LUTHER KING JR COMMUNITY MEDICAL FOUNDATION PURPOSE: SUPPORT FOR MLK CMG, DIABETES CENTER OF EXCELLENCE, BEHAVIORAL HEALTH PROGRAM | $6,237,500 |