Doctors Goodwill Foundation INC EIN 20-0716768 Form 990 (PDF) Claim this org

Doctors Goodwill Foundation INC FY2020 filing

Not yet claimed Claim this org →

Provides scholarships to promote medical education and assist charitable medical endeavors. For fiscal year 2020 it reported $207K in revenue, $267K in expenses, and $-29K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Wesley Chapel, FL
Website
www.doctorsfoundation.org
Filings
5 on file (2020–2020)
Revenue
$207KFY2020
Expenses
$267K
Net assets
$-29K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-0716768 Public charity (501(c)(3)) Wesley Chapel, FL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Doctors Goodwill Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Provides scholarships to promote medical education and assist charitable medical endeavors.
Leadership
Kantilal Bhalanimd · Director
Money in and out
$207K revenue, $267K expenses
Bottom line
96% program efficiency
Where the money goes · FY2020
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$267K
Pt IX · Ln 25
Net assets
$-29K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$60K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$207K
FY2020
Expenses
$267K
FY2020
Total assets
$121K
FY2020
Total liabilities
$150K
FY2020
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$267K
Pt IX · Ln 25
Net assets
$-29K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$60K
Total assetsPt X · Ln 16$121K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $257K of program spending, described in the organization's own filed words · FY2020.
01

During the year the foundation supported numerous local, national, and international charitable organizations involved in providing medical services, thereby greatly expanding the medical outreach of the foundation. Included in this errort was support for a missions to india, nepal, and haiti.

$257Kprogram expense
02

The brevard county, florida medical expo provides free medical screening testing, and information to residents. Continuing education is also provided to medial providers within the community.

Pt IX · col B
03

During the year the organization awarded scholarships and masquerade ball

Pt IX · col B

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDoctors Goodwill Foundation INC
EINHdr · item D20-0716768
Principal addressHdr · item CWesley Chapel, FL
WebsiteHdr · item Jwww.doctorsfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFJan 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Doctors Goodwill Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$104K · 50%
Contributions & grants$98K · 47%
Other revenue$5K · 2%
Program service revenue50%$104K
Contributions & grants47%$98K
Other revenue2%$5K
Investment income$76
Total revenueLn 12$207K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$257K
Management & general4%$10K
Total functional expensesLn 25$267K

Balance Sheet

Part X · end of year
CashLn 1$121K
Total assetsLn 16$121K
Total liabilitiesLn 26$150K
Total net assetsLn 32$-29K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $121K · Operating expenses/yr $267K
5.4 months
Where the money goes
Program services
Program services $257K · Total expenses $267K
96%
Management & General
Management & general $10K · Total expenses $267K
4%
Fundraising
Fundraising $0 · Total expenses $267K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $98K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $98K · Total revenue $207K
47%
Government reliance
Government grants — · Total revenue $207K
Earned-income share
Program service revenue $104K · Total revenue $207K
50%
Investment reliance
Investment income $76 · Total revenue $207K
+0.04%
Program self-sufficiency
Program service revenue $104K · Total expenses $267K
39%
Growth & trend
Revenue growth (YoY)
This year $207K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-29K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $207K · Expenses $267K
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $121K
Net-asset ratio
Net assets $-29K · Total assets $121K
-24%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $121K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kantilal Bhalanimd · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $267K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $15K · Total expenses $267K
6%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Legal fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$123K

Similar Organizations

Closest in mission — by what they do
See all organizations like Doctors Goodwill Foundation INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$460K revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$2.7M revenue · ⤓ 990 PDF
FY2020$207K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.