Fremont-Rideout Foundation

Tax-deductible

Marysville, CA501(c)(3)Foundations & GrantmakersEIN 23-7366330Revenue $745K in FY2024

On file with the IRSadventisthealth.org/rideout/giving414 G St Ste 130, 95901-5670 · Marysville, CATax-exempt since Apr 1974Publicly supported charity — 170(b)(1)(A)(vi)

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Promotes the philanthropic contributions that advance the mission of Adventist Health and Rideout.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 61 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $25K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$224K
to officers and key staff · 23% of spending
Top officer’s pay higher than 99% of similar orgs
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$745K
+7% vs prior year
Spent
$986K
To programs
73%
Net assets
$6.2M
By yearFY2020–FY2024
Revenue
$745K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$913K
FY2021$998K
FY2022$1.3M
FY2023$694K
FY2024$745K
Expenses
$986K
FY2024▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$806K
FY2021$528K
FY2022$1.1M
FY2023$1.4M
FY2024$986K
Net assets
$6.2M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.5M
FY2021$7.0M
FY2022$6.5M
FY2023$6.1M
FY2024$6.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $720K Management & general 20% · $198K Fundraising 7% · $68K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $224K paid to officers and key staff.

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 1264 $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.

See Fremont-Rideout Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Adventist Health and Rideout's mission through charitable giving.

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Provided by the organization

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1 program · $720K · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$745K
Ln 12
Gifts and grantsLn 1h$698K
Investment incomeLn 3$168K
Money outPt IX
$986K
Ln 25
Programscol B$720K
Managementcol C$198K
Fundraisingcol D$68K
Owns and owesPt X
$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$944K
Total assetsLn 16$6.2M
LiabilitiesLn 26$3K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$698K
Fundraising eventsLn 1c$192K
Investment incomeLn 3$168K
Total revenueLn 12$745K
Assets in detailPt X, end of year
CashLn 1$944K
SavingsLn 2$0
Cash and savings togetherLn 1–2$944K
InvestmentsLn 11–13$5.3M
Other assetsLn 15$0
Total assetsLn 16$6.2M
LiabilitiesLn 26$3K
Net assetsLn 32$6.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 661
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$944K
InvestmentsLn 11–13$4.9M$5.3M
Total assetsLn 16$6.1M$6.2M
LiabilitiesLn 26$0$3K
Net assetsLn 32$6.1M$6.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$550K$550K
Grants to domestic individualsLn 2$17K$17K
Pay of current officers, directors and key staffLn 5$236K$144K$92K
Other salaries and wagesLn 7$78K$6K$4K$68K
Accounting feesLn 11c$61K$61K
Other fees for servicesLn 11g$31K$2K$28K
Office expensesLn 13$14K$315$13K
Total functional expensesLn 25$986K$720K$198K$68K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $745K$986K−$241K$6.2M 990 PDF
FY2023 $694K$1.4M−$738K$6.1M 990 PDF
FY2022 $1.3M$1.1M$276K$6.5M 990 PDF
FY2021 $998K$528K$470K$7.0M 990 PDF
FY2020 $913K$806K$107K$6.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $745,199 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $600,158$698,430
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $152,504$167,940
I-11 Other revenuePrior year −$59,133−$121,171
I-12 Total revenuePrior year $693,529$745,199
I-13 Grants and similar amounts paidPrior year $973,927$567,192
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $351,129$313,629
I-16a Professional fundraising feesPrior year $15,200$0
I-17 Other expensesPrior year $91,518$105,446
I-18 Total expensesPrior year $1,431,774$986,267
I-19 Revenue less expensesPrior year −$738,245−$241,068
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $745,199 across 6 lines filed
VIII-1c Fundraising events$191,750
VIII-1f All other contributions, gifts and grants$506,680
VIII-1h Total contributions, gifts and grants$698,430
VIII-3 Investment incomeExcluded from tax $167,940$167,940
VIII-8 Net income from fundraising eventsExcluded from tax −$121,171−$121,171
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $46,769$745,199
Part IX · Statement of functional expenses $986,267 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $550,042$550,042
IX-2 Grants to domestic individualsPrograms $17,150$17,150
IX-5 Pay of current officers, directors and key staffPrograms $143,682 · Management $91,863$235,545
IX-7 Other salaries and wagesPrograms $6,065 · Management $3,761 · Fundraising $68,258$78,084
IX-11c Accounting feesManagement $61,168$61,168
IX-11g Other fees for servicesPrograms $2,268 · Management $28,387$30,655
IX-13 Office expensesPrograms $315 · Management $13,308$13,623
IX-25 Total functional expensesPrograms $719,522 · Management $198,487 · Fundraising $68,258$986,267
Part X · Balance sheet $6,213,807 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $961,125$944,151
X-2 Savings and temporary cash investmentsStart of year $281,926$0
X-3 Pledges and grants receivableStart of year $0$7,500
X-11 Publicly traded securitiesStart of year $4,853,208$5,262,156
X-15 Other assetsStart of year $1,833$0
X-16 Total assetsStart of year $6,098,092$6,213,807
X-25 Other liabilitiesStart of year $0$3,029
X-26 Total liabilitiesStart of year $0$3,029
X-27 Net assets without donor restrictionsStart of year $4,183,762$4,163,679
X-28 Net assets with donor restrictionsStart of year $1,914,330$2,047,099
X-32 Total net assets or fund balancesStart of year $6,098,092$6,210,778
X-33 Total liabilities and net assetsStart of year $6,098,092$6,213,807
Part XI · Reconciliation of net assets $6,210,778 net assets at year end
XI-1 Total revenue$745,199
XI-2 Total expenses$986,267
XI-3 Revenue less expenses−$241,068
XI-4 Net assets at start of year$6,098,092
XI-5 Net unrealized gains (losses) on investments$353,754
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,210,778

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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