Fremont-Rideout Foundation EIN 23-7366330

Fremont-Rideout Foundation

EIN  23-7366330 Public foundation / grantmaker Marysville, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Supports Adventist Health and Rideout's mission through charitable giving.
Leadership
Boudreaux Patience President · Philanthropy Exec as of 04/24 · $224K
Money in and out
$745K revenue, $986K expenses
Bottom line
73% program efficiency

Supports Adventist Health and Rideout's mission through charitable giving. For fiscal year 2024 it reported $745K in revenue, $986K in expenses, and $6.2M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$745K
Pt VIII · Ln 12
Total expenses
$986K
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$241K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.20 Fundraising $0.07
Program efficiency
73%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
75.5mo
months of highly liquid reserves at operating expense rate▲ +48% vs prior filing year
Surplus margin
-32%
revenue over expenses, this year▲ +70% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$745K
FY2024▲ +7%
Expenses
$986K
FY2024▼ -31%
Total assets
$6.2M
FY2024▲ +2%
Total liabilities
$3K
FY2024
Total revenue
$745K
Pt VIII · Ln 12
Total expenses
$986K
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$241K
Total assetsPt X · Ln 16$6.2M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $720K of program spending, described in the organization's own filed words · FY2024.
01

The Foundation's function is to raise funds through fundraising activities and provide funds for health care programs, new equipment, renovations, and scholarships that make an immediate and lasting difference in the quality of health care delivered.

$720Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFremont-Rideout Foundation
EINHdr · item D23-7366330
Principal addressHdr · item CMarysville, CA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70Z)
Ruling yearIRS BMFApr 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Philanthropy Exec as of 04/24
$224,280Pt VII · Sec A
President Thru 04/24
$0Pt VII · Sec A
Finance Executive Thru 07/24
$0Pt VII · Sec A
Chair Thru 01/24/Director
$0Pt VII · Sec A
Chair as of 01/24
$0Pt VII · Sec A
From 01/24 Thru 11/24
$0Pt VII · Sec A
Director from 01/24 Thru 05/24
$0Pt VII · Sec A
Treasurer as of 06/24
$0Pt VII · Sec A

Boudreaux Patience President’s $224K as Philanthropy Exec as of 04/24 is at the 99th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Swanson Jeffery$272,972$234,923$222,683$237,401
Boudreaux Patience President$224,280

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$698K · 94%
Investment income$168K · 23%
Contributions & grants94%$698K
Investment income23%$168K
Total revenueLn 12$745K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.20 Fundraising $0.07
Program services73%$720K
Management & general20%$198K
Fundraising7%$68K
Total functional expensesLn 25$986K

Balance Sheet

Part X · end of year
CashLn 1$944K
Total assetsLn 16$6.2M
Total liabilitiesLn 26$3K
Total net assetsLn 32$6.2M
Months of cash on handcomputed11.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.2M · Operating expenses/yr $986K
75.5 months
Where the money goes
Program services
Program services $720K · Total expenses $986K
73%
Management & General
Management & general $198K · Total expenses $986K
20%
Fundraising
Fundraising $68K · Total expenses $986K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $822K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $698K · Total revenue $745K
94%
Government reliance
Government grants — · Total revenue $745K
Earned-income share
Program service revenue $0 · Total revenue $745K
0%
Investment reliance
Investment income $168K · Total revenue $745K
+23%
Program self-sufficiency
Program service revenue $0 · Total expenses $986K
0%
Growth & trend
Revenue growth (YoY)
This year $745K · Prior year $694K
+7%
Revenue CAGR
FY2020 $913K · FY2024 $745K
-5%
Net-asset trend (YoY)
End of year $6.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $745K · Expenses $986K
-32%
Liabilities-to-Assets
Total liabilities — · Total assets $6.2M
Net-asset ratio
Net assets $6.2M · Total assets $6.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.2M
85%
People & payroll
Highest Reported Total Compensation
Individual Boudreaux Patience President · Reported title Philanthropy Exec as of 04/24 · Highest reported compensation $224K · Total expenses $986K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $314K · Total expenses $986K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 20%
Fundraising cost ratio 10%
Revenue growth 7%
Accounting fee ratio 6%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$3K
Grants paid · 8 grants · $2.3M · 2020–2024
Rideout Memorial HospitalCA · FY2024$550,042
Unitemized GrantFY2024$17,150
Rideout Memorial HospitalCA · FY2023$973,927
Rideout Memorial HospitalCA · FY2022$532,662
Rideout Memorial HospitalCA · FY2020$161,179
Unitemized GrantFY2020$61,000
Unitemized GrantFY2020$11,000

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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)$745K revenue · viewing · ⤓ 990 PDF
FY2023$694K revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$998K revenue · ⤓ 990 PDF
FY2020$913K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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