Riverside County Physicians Memorial Foundation
- Assets
- $2.8m
- Revenue
- $240.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 10/1964
- Data as of
- 12/2023
- EIN
- 95-6080778
Organization Overview
Riverside County Physicians Memorial Foundation is located in Riverside, CA. The organization was established in 1964. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside County Physicians Memorial 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 12/2023, Riverside County Physicians Memorial Foundation generated $240.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $302.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 9 years. 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
TO ENGAGE IN ACTIVITIES OF A CHARITABLE AND BENEVOLENT NATURE, INCLUDING PROVIDING MEDICAL ATTENTION TO UNDERPRIVILEGED CHILDREN, PALLIATIVE SUPPORT AND EDUCATION, SCHOLARSHIPS AND ESTABLISHING COMMEMORATIVE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT K.I.N.D.: SERVICES TO "KIDS IN NEED OF DOCTORS" INCLUDING MEDICAL, VISION AND DENTAL CLINICS FOR LOW-INCOME CHILDREN.
INLAND EMPIRE PALLIATIVE CARE COALITION PROVIDES EDUCATION ABOUT THEUNIQUE NATURE OF PALLIATIVE CARE TO THE MEDICAL COMMUNITY AND THEPUBLIC.
SCHOLARSHIP FUND FOR QUALIFIED MEDICAL STUDENTS AND EARLY-CAREER PHYSICIANS; $74,500 AWARDED AS SCHOLARSHIPS AND $35,000 AWARDED UNDER LOAN REPAYMENT PROGRAM.
PHYSICIAN WELLNESS PROVIDES LOCAL SUPPORT TO PROMOTE PROFESSIONAL SATISFACTION, REDUCE STRESS, DECREASE EMOTIONAL FATIGUE AND PREVENT PHYSICAL BURNOUT BEFORE IT BEGINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bakhtiar Ahmad MD Councilor | Trustee | 1 | $0 |
Jennifer Barlotti-Telesz MD Councilor | Trustee | 1 | $0 |
Alexandra Clark MD Councilor | Trustee | 1 | $0 |
Raymund Cordero MD Councilor | Trustee | 1 | $0 |
Shawn Couture MD Councilor | Trustee | 1 | $0 |
Ramesh Karody MD Councilor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,929 |
| Related organizations | $0 |
| Government grants | $147,961 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,128 |
| Total Program Service Revenue | $0 |
| Investment income | $66,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$83,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $109,500 |
| 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 | $89,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,761 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,400 |
| Fees for services: Accounting | $10,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,736 |
| Fees for services: Other | $0 |
| Advertising and promotion | $435 |
| Office expenses | $6,187 |
| Information technology | $3,280 |
| Royalties | $0 |
| Occupancy | $15,051 |
| Travel | $964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,409 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $352 |
| Insurance | $1,042 |
| All other expenses | $16 |
| Total functional expenses | $302,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,287 |
| Savings and temporary cash investments | $106,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,050 |
| 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 | $1,187 |
| Net Land, buildings, and equipment | $3,028 |
| Investments—publicly traded securities | $2,443,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,769,997 |
| Accounts payable and accrued expenses | $1,680 |
| Grants payable | $0 |
| Deferred revenue | $45,132 |
| 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 | $26,195 |
| Total liabilities | $73,007 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,696,990 |
| 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 | $2,769,997 |