Ladmc Foundation FY2024 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 2019Health CareEIN 84-1913047

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Ladmc foundations goal is to train los angeles county nurses in leadership and health care, and to promote health and wellness education to communities and neighborhoods throughout the los angeles region.

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $632K a year · 48% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
28 mo
of spending, in cash
Looks good: 27.8 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
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+5% vs prior year
Spent
$785K
To programs
39%
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$1.5M
FY2024▲ +5%
Revenue by fiscal year
FY2020$1.8M
FY2021$1.7M
FY2022$1.1M
FY2023$1.4M
FY2024$1.5M
FY2025$499K
Expenses
$785K
FY2024▼ -13%
Expenses by fiscal year
FY2020$163K
FY2021$613K
FY2022$1.2M
FY2023$898K
FY2024$785K
FY2025$427K
Net assets
$4.0M
FY2024▲ +21%
Net assets by fiscal year
FY2020$1.8M
FY2021$2.9M
FY2022$3.2M
FY2023$3.3M
FY2024$4.0M
FY2025$3.9M

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2019.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $308K Management & general 61% · $477K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member/President
$0Pt VII · Sec A
Board Member/Secretary
$0Pt VII · Sec A
Board Member/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Ladmc 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 15aYes

Programs and updates

Trains nurses in leadership and promotes health education in Los Angeles communities.

Provided by the organization

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3 program services account for $308K of program spending, described in the organization's own filed words · FY2024.
01

Ladmc ran community health fairs in the los angeles region. Those fairs provided basic public health education to some of the most vulnerable communities in the los angele region. The fairs also provided attendees with basic screenig test, such as diabetes screening, and blood pressure tests. The fairs reached approximately 1,000 people.

$308Kprogram expense
02

Ladmc foundations nursing and health and wellness programs taught nurses throughtout the los angeles region skills and knowlege, such as patient communication, the latest in-patient centered practices, team leadership practices, new technology uses to improve patient outcomes.

Pt IX · col B
03

Ladmc foundation continues its program to provide scholarships for individuals to become nurses, filling a dire need for nurses during COVID-19 pandemic. Scholarships were applied for through the ladmcs foundation website and awarded on an objective, non-discrimitory bases.

Pt IX · col B

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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 · 2 grants · $245K · 2020–2021
Unitemized GrantFY2021$207,097
Unitemized GrantFY2020$37,615

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Money outPt IX
$785K
Ln 25
Programscol B$308K
Managementcol C$477K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$4.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fundraising eventsLn 1c$132K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.8M
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$4.0M
LiabilitiesLn 26$0
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.6M$1.8M
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$3.8M$4.0M
LiabilitiesLn 26$500K$0
Net assetsLn 32$3.3M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$301K$301K
Other salaries and wagesLn 7$1K$0$1K$0
Legal feesLn 11b$200$0$200$0
Accounting feesLn 11c$7K$0$7K$0
Other fees for servicesLn 11g$2K$0$2K$0
InsuranceLn 23$6K$6K$0$0
Other expenses (24a–d)Ln 24$17K$0$17K$0
All other expensesLn 24e$450K$0$450K$0
Total functional expensesLn 25$785K$308K$477K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $499K$427K$72K$3.9M 990 PDF
FY2024 Viewing $1.5M$785K$676K$4.0M 990 PDF
FY2023 $1.4M$898K$492K$3.3M 990 PDF
FY2022 $1.1M$1.2M−$93K$3.2M 990 PDF
FY2021 $1.7M$613K$1.1M$2.9M 990 PDF
FY2020 $1.8M$163K$1.6M$1.8M 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 (4 parts)
Part VIII · Statement of revenue $1,460,775 across 4 lines filed
VIII-1c Fundraising events$132,050
VIII-1f All other contributions, gifts and grants$1,328,725
VIII-1h Total contributions, gifts and grants$1,460,775
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,460,775
Part IX · Statement of functional expenses $784,802 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $301,487$301,487
IX-7 Other salaries and wagesPrograms $0 · Management $1,000 · Fundraising $0$1,000
IX-11b Legal feesPrograms $0 · Management $200 · Fundraising $0$200
IX-11c Accounting feesPrograms $0 · Management $6,600 · Fundraising $0$6,600
IX-11g Other fees for servicesPrograms $0 · Management $2,000 · Fundraising $0$2,000
IX-23 InsurancePrograms $6,466 · Management $0 · Fundraising $0$6,466
IX-24 Other expenses (24a–d)Programs $0 · Management $16,970 · Fundraising $0$16,970
IX-24e All other expensesPrograms $0 · Management $450,079 · Fundraising $0$450,079
IX-25 Total functional expensesPrograms $307,953 · Management $476,849 · Fundraising $0$784,802
Part X · Balance sheet $3,963,066 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,639,061$1,819,184
X-4 Accounts receivable−$4,500
X-10c Land, buildings and equipment, netStart of year $2,148,032$2,148,382
X-16 Total assetsStart of year $3,787,093$3,963,066
X-26 Total liabilitiesStart of year $500,000$0
X-32 Total net assets or fund balancesStart of year $3,287,093$3,963,066
X-33 Total liabilities and net assetsStart of year $3,787,093$3,963,066
Part XI · Reconciliation of net assets $3,963,066 net assets at year end
XI-1 Total revenue$1,460,775
XI-2 Total expenses$784,802
XI-3 Revenue less expenses$675,973
XI-4 Net assets at start of year$3,287,093
XI-10 Net assets at end of year$3,963,066

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

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