Cal Med Foundation
- Assets
- $260.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redlands, CA
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 81-1558962
Organization Overview
Cal Med Foundation is located in Redlands, CA. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cal Med 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 12/2021, Cal Med Foundation generated $15.0k in total revenue. All expenses for the organization totaled $59.9k during the year ending 12/2021. While expenses have increased by 81.3% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION'S FOCUS WAS TO SECURE TAX EXEMPT STATUS WITH THE STATE OF CALIFORNIA AND THE INTERNAL REVENUE SERVICE IN ORDER TO FURTHER ITS MISSION OF PROVIDING SCHOLARSHIPS AND GRANTS TO PERSONS STUDYING, WORKING OR RESEARCHING IN THE MEDICAL OR HEALTHCARE REALTED FIELDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dev A Gnanadev President/director | 1.25 | $0 | |
Jorge Valencia Treasurer | 0.25 | $0 | |
Wilfrid C Lemann Secretary/director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $31 |
| Total Revenue | $15,031 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $59,939 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $260,234 |
| Other assets | $0 |
| Total assets | $260,234 |
| Total liabilities | $0 |
| Net assets or fund balances | $260,234 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cal Med Foundation has recieved totaling $58,539.
| Awarding Organization | Amount |
|---|---|
Gnanadev Family Foundation Redlands, CA PURPOSE: THE PURPOSE OF THIS GRANT IS TO FUND SCHOLARSHIPS AND GRANTS TO MEDICAL STUDENTS IN THE INLAND EMPIRE OF CALIFORNIA. | $58,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |