Health Ministry Fellows Endowment
- Assets
- $36.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Loma Linda, CA
- Founding
- 07/2019
- Data as of
- 06/2023
- EIN
- 83-4492134
Organization Overview
Health Ministry Fellows Endowment is located in Loma Linda, CA. The organization was established in 2019. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Ministry Fellows Endowment is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HEALTH MINISTRY FELLOWS ENDOWMENT CORPORATION'S SOLE AND SPECIFIC PURPOSE IS TO PROVIDE TUITION SUPPORT FOR A CADRE OF STUDENTS IN EACH ENTERING CLASS OF LOMA LINDA UNIVERSITY(LLU) SCHOOL OF MEDICINE (LLUSOM). STUDENTS THUS SELECTED SHALL BE KNOWN AS HEALTH MINISTRY FELLOWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FURTHERANCE OF THE ORGANIZATION'S MISSION STATEMENT, THE ORGANIZATION SHALL IDENTIFY AND PROVIDE SCHOLARSHIP SUPPORT TO SELECTED STUDENTS OF LOMA LINDA UNIVERSITY SCHOOL OF MEDICINE (LLLUSOM). STUDENTS THUS SELECTED SHALL BE KNOWN AS HEALTH MINISTRY FELLOWS. IN FURTHERANCE OF SAID MISSION, THE ORGANIZATION SHALL IDENTIFY AND PROVIDE SCHOLARSHIP SUPPORT TO THE FOLLOWING: (1) SEVENTH-DAY ADVENTIST MEDICAL STUDENTS AT THE "LLUSOM" WHO SHOW PROMISE AS FUTURE FACULTY MEMBERS OF LLUSOM; (2) SEVENTH-DAY ADVENTIST MEDICAL STUDENTS OF THE "LLUSOM" WHO SHOW PROMISE FOR SERVICE IN HOSPITALS AFFILIATED WITH THE SEVENTH-DAY ADVENTIST CHURCH AROUND THE WORLD; AND, (3) SEVENTH-DAY ADVENTIST MEDICAL STUDENTS OF THE "LLUSOM" WHO SHOW PROMISE AS CHRISTIAN PHYSICIANS AND SURGEONS IN COMMUNITY PRACTICES. FOR THE YEAR ENDED JUNE 30, 2023 THE ORGANIZATION AWARDED THE FOLLOWING TUITION ASSISTANCE GRANTS: EIGHT(8) FRESHMAN MEDICAL STUDENTS TUITION ASSISTANCE GRANTS TO FUND THE SECOND HALF OF THEIR FRESHMAN MEDICAL YEAR AT "LLUSOM", EIGHT(8) SOPHOMORE , SEVEN(7) JUNIOR AND EIGHT(8) SENIOR MEDICAL STUDENTS TUITION ASSISTANCE GRANTS TO FUND THEIR TUITION AND FEES AT "LLUSOM".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Hadley MD Director | Trustee | 0.3 | $0 |
Sarah Roddy MD Director | Trustee | 0.5 | $0 |
Beverly Rigsby Director | Trustee | 1 | $0 |
Richard Hart MD Ex-Officio Director | Trustee | 0.3 | $0 |
Tamara Thomas MD Ex-Officio Director | Trustee | 1.5 | $0 |
Donald Pursley Dba President | Officer | 6 | $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 | $10,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,955 |
| Total Program Service Revenue | $0 |
| Investment income | $1,063,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,521 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,081,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,776,598 |
| 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 | $21,905 |
| Advertising and promotion | $0 |
| Office expenses | $11,964 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,720 |
| Travel | $1,096 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,010,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,250 |
| 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 | $1,014,638 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $35,638,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,719,245 |
| Accounts payable and accrued expenses | $11,332 |
| 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 | $11,332 |
| Net assets without donor restrictions | $1,438,437 |
| Net assets with donor restrictions | $35,269,476 |
| 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 | $36,719,245 |