The Pcrm Foundation
- Assets
- $18.0m
- Revenue
- $964.9k
- Investments
- $40.0k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2004
- Data as of
- 07/2023
- EIN
- 73-1669893
Organization Overview
The Pcrm Foundation is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Pcrm 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 07/2023, Pcrm Foundation generated $964.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $1.1m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PCRM FOUNDATION IS A SUPPORTING ORGANIZATION FOR THE CHARITABLE PURPOSES OF THE PHYSICIANS COMMITTEE FOR RESPONSIBLE MEDICINE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCRM CLINIC, A FULLY CONTROLLED SUBSIDIARY OF THE PHYSICIANS COMMITTEE, OPENED IN JANUARY OF 2016. PCRM CLINIC PROVIDES PRIMARY CARE, AS WELL AS SPECIALIZED CARE FOR DIABETES, OBESITY, HYPERTENSION, LIPID DISORDERS, HEART DISEASE, ARTHRITIS, MIGRAINES, AND OTHER CONDITIONS FOR WHICH NUTRITION PLANS AN IMPORTANT ROLE. PCRM CLINIC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
THE PCRM FOUNDATION (A CORPORATION), A NON-PROFIT ORGANIZATION, WAS INCORPORATED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA ON MAY 13, 2003. THE ORGANIZATION WAS ESTABLISHED AS A SUPPORTING ORGANIZATION AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE FOR THE CHARITABLE PURPOSES OF PHYSICIANS COMMITTEE FOR RESPONSIBLE MEDICINE, INC. (PCRM), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PCRM FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS A TYPE I SUPPORTING ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Wason Sr VP Dev/sec | Officer | 1 | $0 |
Neal Barnard MD President | OfficerTrustee | 1 | $0 |
Mindy Kursban ESQ Chair | OfficerTrustee | 0 | $0 |
Mark Sklar MD Director | Trustee | 0 | $0 |
Barbara Wasserman MD Treasurer | OfficerTrustee | 0 | $0 |
Ruby Lathon PHD Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $600,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,727 |
| Total Program Service Revenue | $0 |
| Investment income | $370,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $37,040 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$86,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $964,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $913,992 |
| 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 | $13,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,990 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $8,927 |
| 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 | $87,302 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,124,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,072 |
| Savings and temporary cash investments | $73,092 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,487 |
| 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 | $4,241 |
| Net Land, buildings, and equipment | $128,914 |
| Investments—publicly traded securities | $17,610,454 |
| Investments—other securities | $40,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,416 |
| Total assets | $18,001,676 |
| Accounts payable and accrued expenses | $2,819 |
| 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 | $2,819 |
| Net assets without donor restrictions | $16,058,540 |
| Net assets with donor restrictions | $1,940,317 |
| 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 | $18,001,676 |
Grants Awarded
Over the last fiscal year, The Pcrm Foundation has awarded $1,022,992 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PCRM CLINIC PURPOSE: General support | $658,000 |
PHYSICIANS COMMITTEE FOR RESPONSIBLE MED PURPOSE: General support | $364,992 |