Physicians Charitable Foundation EIN 31-1631536

Physicians Charitable Foundation FY2020 filing

EIN  31-1631536 Public charity (501(c)(3)) Cincinnati, OH Founded 1998
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers health and education programs for medical professionals and their communities.
Leadership
Anthony J Asher MD · Trustee
Money in and out
$145K revenue, $37K expenses
Bottom line
82% program efficiency

Offers health and education programs for medical professionals and their communities. For fiscal year 2020 it reported $145K in revenue, $37K in expenses, and $1.1M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$145K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $109K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs
Operating runway
347.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+75%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$145K
FY2020
Expenses
$37K
FY2020
Total assets
$1.1M
FY2020
Total liabilities
$0
FY2020
Total revenue
$145K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B82%
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 $30K of program spending, described in the organization's own filed words · FY2020.
01

Grants awarded to enhance and encourage health and health careers locally and beyond. Support to outreach services to the community and to sponsor community events. Scholarships to recognize deservig high scholl seniors who aspire to careers in healthcare.

$30Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhysicians Charitable Foundation
EINHdr · item D31-1631536
Principal addressHdr · item CCincinnati, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1998
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFMar 1999

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Physicians Charitable Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$145K
Total revenueLn 12$145K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$30K
Management & general18%$7K
Total functional expensesLn 25$37K

Balance Sheet

Part X · end of year
CashLn 1$95K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M
Months of cash on handcomputed31.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $37K
347.6 months
Where the money goes
Program services
Program services $30K · Total expenses $37K
82%
Management & General
Management & general $7K · Total expenses $37K
18%
Fundraising
Fundraising $0 · Total expenses $37K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $145K
0%
Government reliance
Government grants — · Total revenue $145K
Earned-income share
Program service revenue $0 · Total revenue $145K
0%
Investment reliance
Investment income $145K · Total revenue $145K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $37K
0%
Growth & trend
Revenue growth (YoY)
This year $145K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $145K · Expenses $37K
+75%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $964K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
91%
People & payroll
Highest Reported Total Compensation
Individual Anthony J Asher MD · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $37K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $37K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Investment management fee ratio 1%

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 · this organization's grantmaking
Grants paid · 21 grants · $205K · 2020–2025
Unitemized GrantFY2025$40,000
Unitemized GrantFY2025$5,000
Unitemized GrantFY2024$17,500
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$2,500
Unitemized GrantFY2023$17,500
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$1,273
Unitemized GrantFY2022$19,500
Unitemized GrantFY2022$6,000
Unitemized GrantFY2022$5,000
Unitemized GrantFY2022$4,000
Unitemized GrantFY2021$18,500
Unitemized GrantFY2021$7,500
Unitemized GrantFY2021$6,000
Unitemized GrantFY2021$5,000
Unitemized GrantFY2020$16,000
See all 21 grants →

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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
FY2025 (Latest)$131K revenue · ⤓ 990 PDF
FY2024$24K revenue · ⤓ 990 PDF
FY2023$34K revenue · ⤓ 990 PDF
FY2022$22K revenue · ⤓ 990 PDF
FY2021$52K revenue · ⤓ 990 PDF
FY2020$145K revenue · viewing · ⤓ 990 PDF

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Sources

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