Community Hospital Of Long Beach Foundation
- Assets
- $2.5m
- Revenue
- $94.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Long Beach, CA
- Founding
- 11/1972
- Data as of
- 12/2022
- EIN
- 95-2785554
Organization Overview
Community Hospital Of Long Beach Foundation is located in Long Beach, CA. The organization was established in 1972. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Community Hospital Of Long Beach Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Hospital Of Long Beach 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, Community Hospital Of Long Beach Foundation generated $94.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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 SUPPORT, FINANCIALLY AND OTHERWISE, THE CHARITABLE PURPOSES AND ACTIVITIES OF COMMUNITY HOSPITAL OF LONG BEACH, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, AND/OR SUCH OTHER NONPROFIT HEALTHCARE RELATED FUNDS, FOUNDATIONS OR CORPORATIONS OPERATING IN THE CITY OF LONG BEACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN ACTIVITY OF THE FOUNDATION WAS TO RAISE MONEY TO SUPPORT COMMUNITY HOSPITAL LONG BEACH. AS COMMUNITY HOSPITAL LONG BEACH CEASED TO EXIST AS OF OCTOBER 2021, THE ENTITY IS IN THE PROCESS OF TRANSITIONING TO A GRANT-MAKING ORGANIZATION TO BENEFIT OTHER NONPROFIT HEALTHCARE RELATED FUNDS, FOUNDATIONS OR CORPORATIONS OPERATING IN THE CITY OF LONG BEACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Faulkner Executive Director Thru 3/2022 | OfficerTrustee | 40 | $23,077 |
Diane Dewalsche Chairperson | OfficerTrustee | 1 | $0 |
Ross Riddle Vice Chairperson | OfficerTrustee | 1 | $0 |
Bill D'alvia Treasurer | OfficerTrustee | 1 | $0 |
Andrea Caballero Secretary | OfficerTrustee | 1 | $0 |
Dennis Mcconkey Director | Trustee | 1 | $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 | $13,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,645 |
| Total Program Service Revenue | $0 |
| Investment income | $92,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,314 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $940,165 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,437 |
| Compensation of current officers, directors, key employees. | $15,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $580 |
| Payroll taxes | $9,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,100 |
| Fees for services: Accounting | $14,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,105 |
| Fees for services: Other | $742 |
| Advertising and promotion | $0 |
| Office expenses | $989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,182 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $937 |
| Insurance | $2,189 |
| All other expenses | $354 |
| Total functional expenses | $1,159,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,226 |
| 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 | $1,755 |
| Net Land, buildings, and equipment | $54 |
| Investments—publicly traded securities | $2,374,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,546,648 |
| Accounts payable and accrued expenses | $39 |
| 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 | $39 |
| Net assets without donor restrictions | $1,455,393 |
| Net assets with donor restrictions | $1,091,216 |
| 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 | $2,546,648 |
Grants Awarded
Over the last fiscal year, Community Hospital Of Long Beach Foundation has awarded $319,105 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LONG BEACH PURPOSE: TO PREPARE COMMUNITY HOSPITAL LONG BEACH FOR RE-OPENING. | $284,105 |
PANCREATIC CANCER ACTION NETWORK PURPOSE: TO PROVIDE AID FOR PANCREATIC CANCER RESEARCH. | $35,000 |