Patient Benefit Foundation
- Assets
- $1.8m
- Revenue
- $320.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-3346863
Organization Overview
Patient Benefit Foundation is located in Sugar Land, TX. The organization was established in 2014. According to its NTEE Classification (T31) the organization is classified as: Community 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. Patient Benefit 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 12/2022, Patient Benefit Foundation generated $320.9k in total revenue. All expenses for the organization totaled $37.0k during the year ending 12/2022. While expenses have increased by 58.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN SURGICAL FEES FOR THE UNDER- AND UN-INSURED, ARRANGE FOR PARTNERING SURGERY CENTERS AND SURGEONS TO PERFORM THE SURGERIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE MADE CASH DONATIONS TO THREE SEPARATE NOT-FOR-PROFIT ENTITIES SO AS TO FURTHER THEIR PROGRAM SERVICES.
WE ARRANGED AND OUR VOLUNTEER SURGEONS PERFORMED 2 SEPARATE SURGERIES DURING 2021. WE CONTINUE TO WORK TO PUT PATIENTS IN NEED TOGETHER WITH THE FACILITIES AND SURGEONS WHO SUPPORT OUR PROGRAM. NUMEROUS SURGEONS HAVE VOLUNTEERED TO PARTICIPATE IN OUR PROGRAM AND WE ANTICIPATE THE PROGRAM WILL GROW TO A LARGER SCALE IN 2022. OUR ELECTIVE SURGERIES HAVE BEEN PERFORMED AT ALTUS HOUSTON, HOUSTON, TX. THERE ARE PATIENT TESTIMONIALS THAT CAN BE SEEN ON OUR WEBSITE, WWW.PBFUSA.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Sternfels Director | Trustee | 1 | $0 |
Thom Sloan Director | Trustee | 1 | $0 |
Amin Karim Director | Trustee | 1 | $0 |
Warren Brown Director | Trustee | 1 | $0 |
Garrett White Director | Trustee | 1 | $0 |
Mubashir Chaudhry Principal Director | OfficerTrustee | 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 | $2,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,091 |
| Total Program Service Revenue | $0 |
| Investment income | $318,764 |
| 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 | $320,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,500 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $5,430 |
| 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 | $5,437 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,643 |
| Total functional expenses | $37,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,424,459 |
| 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 | $350,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,774,475 |
| Accounts payable and accrued expenses | $2,750 |
| 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 | $2,750 |
| Net assets without donor restrictions | $1,771,725 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,774,475 |
Grants Awarded
Over the last fiscal year, Patient Benefit Foundation has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON METHODIST WEST HOSPITAL PURPOSE: Muslim Prayer room Fund | $10,000 |
SHAHID AFRIDI FOUNDATION PURPOSE: Support the Foundation | $5,000 |