Gordon Ross Medical Foundation
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $2.0m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 03/1965
- Data as of
- 12/2021
- EIN
- 95-6044011
Organization Overview
Gordon Ross Medical Foundation is located in Pasadena, CA. The organization was established in 1965. 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. Gordon Ross Medical 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, Gordon Ross Medical Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $253.9k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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.
Since 2016, Gordon Ross Medical Foundation has awarded 117 individual grants totaling $1,169,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE - THE FOUNDATION DOES NOT ADMINISTER OR MAINTAIN ANY PROGRAMS FOR CHARITABLE CAUSES. THE FOUNDATION ISSUES CASH DIRECTLY TO CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Pinkerton President | 25 | $0 | |
Tamiann Cook Vice President | 5 | $0 | |
Mrs Jeffrey Cook Secretary | 5 | $0 | |
Mrs Stephen Malkmus Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52 |
| Dividends & Interest | $103,858 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,044,507 |
| Capital Gain Net Income | $1,044,507 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,148,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,806 |
| Taxes | $1,906 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $473 |
| Total operating and administrative expenses | $37,893 |
| Contributions, gifts, grants paid | $216,000 |
| Total expenses and disbursements | $253,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632,702 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $103 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,636,725 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gordon Ross Medical Foundation has awarded $216,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Duarte, CA PURPOSE: DIABETES RESEARCH | $27,000 |
HUNTINGTON MEDICAL RESEARCH FDN PURPOSE: CAPITAL CAMPAIGN | $27,000 |
ST MICHAEL'S HOSPITAL FOUNDATION PURPOSE: MEDICAL SCHOLARSHIPS | $27,000 |
Pasadena, CA PURPOSE: BIOLOGY DEPARTMENT | $27,000 |
ADA NATIONAL OFFICE PURPOSE: DIABETES RESEARCH | $13,000 |
Ventura, CA PURPOSE: HOSPITAL CONSTRUCTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamsters Managed Health Care Trust Pleasanton, CA | $34,990,586 | $90,291,232 |
High Desert & Inland Employee- Employer Trust Apple Valley, CA | $8,134,571 | $74,305,229 |
Intel Retiree Medical Plan Tr Santa Clara, CA | $691,186,910 | $97,588,377 |
Saint Agnes Medical Foundation Fresno, CA | $14,742,009 | $46,818,162 |
Amalgamated Transit Union-Div 1277 Scrtd Health & Welfare Fund Los Angeles, CA | $65,023,279 | $80,787,185 |
Kaiser Health Plan Asset Management Inc Oakland, CA | $308,869,561 | $61,696,347 |
Baychildrens Physicians Emeryville, CA | $9,899,523 | $53,401,080 |
St Joseph Health System Foundation Irvine, CA | $143,290,236 | $11,443,697 |
Montage Health Monterey, CA | $1,194,971,781 | $24,934,735 |
Hoag Hospital Foundation Newport Beach, CA | $584,715,727 | $185,764,932 |
California Pacific Medical Center Foundation Sacramento, CA | $485,240,778 | $61,000,436 |
Childrens Health Council Inc Palo Alto, CA | $96,571,005 | $43,949,984 |