Foundcare Inc
- Assets
- $47.9m
- Revenue
- $47.7m
- Investments
- $119.9k
- Employees
- 298
- Location
- West Palm Beach, FL
- Founding
- 12/2003
- Data as of
- 12/2022
- EIN
- 54-2083748
Organization Overview
Foundcare Inc is located in West Palm Beach, FL. The organization was established in 2003. According to its NTEE Classification (G02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Foundcare Inc employed 298 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundcare Inc 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, Foundcare Inc generated $47.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $41.1m during the year ending 12/2022. While expenses have increased by 18.9% 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
TO PROVIDE QUALITY HEALTHCARE AND SOCIAL SERVICES FOR ALL INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE QUALITY PRIMARY AND PREVENTATIVE CARE TO MORE THAN 22,950 INSURED, UNINSURED AND UNDERINSURED ADULTS AND CHILDREN REGARDLESS OF THEIR ABILITY TO PAY.
PROVIDE MEDICAL AND NON-MEDICAL CASE MANAGEMENT SERVICES INCLUDING ELIGIBILITY/REFERRAL FOR MENTAL HEALTH SERVICES; SUBSTANCE ABUSE SERVICES; TREATMENT ADHERENCE COUNSELING; HOME HEALTH CARE SERVICES; EMERGENCY FINANCIAL SERVICES ASSISTANCE; FOOD SERVICES; HOUSING ASSISTANCE; MEDICAL/INSURANCE PREMIUM PAYMENTS; AND MEDICAL TRANSPORTATION TO APPROXIMATELY 37,079 CLIENTS.
PROVIDE EDUCATION/OUTREACH TO LOCAL COMMUNITIES AND COMMUNITY BASED ORGANIZATIONS IN THE PREVENTION OF HIV/AIDS TO OVER 59,792 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivianne Jean-Francois President | OfficerTrustee | 1 | $0 |
Moise Anglade MD Vice President | OfficerTrustee | 1 | $0 |
David Dodson MD 2nd Vice President | OfficerTrustee | 1 | $0 |
Marcia Howard Treasurer | OfficerTrustee | 1 | $0 |
Bertha Condes Secretary | OfficerTrustee | 1 | $0 |
Stephanie B Carden ESQ Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,311,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,479,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,791,273 |
| Total Program Service Revenue | $33,719,024 |
| Investment income | $57 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $142,071 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $180 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,674,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,792,742 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,875,995 |
| Compensation of current officers, directors, key employees. | $131,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,291,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,588,991 |
| Payroll taxes | $901,890 |
| 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 | $1,838,500 |
| Advertising and promotion | $0 |
| Office expenses | $524,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $515,850 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,879 |
| Interest | $112,383 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $688,777 |
| Insurance | $241,548 |
| All other expenses | $798,121 |
| Total functional expenses | $41,145,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,149,305 |
| Pledges and grants receivable | $4,937,956 |
| Accounts receivable, net | $4,690,348 |
| 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 | $1,098,525 |
| Net Land, buildings, and equipment | $14,338,021 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $119,925 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,614,543 |
| Total assets | $47,948,623 |
| Accounts payable and accrued expenses | $2,544,643 |
| Grants payable | $0 |
| Deferred revenue | $1,587,573 |
| 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 | $3,499,991 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,569,583 |
| Total liabilities | $9,201,790 |
| Net assets without donor restrictions | $38,698,645 |
| Net assets with donor restrictions | $48,188 |
| 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 | $47,948,623 |