Riverside County Physicians Memorial Foundation FY2023 filing

Tax-deductible

Riverside, CA501(c)(3)Since 1962Foundations & GrantmakersEIN 95-6080778Revenue $240K in FY2023

On file with the IRSrcmadocs.orgPo Box 2425, 92516-2425 · Riverside, CATax-exempt since Oct 1964Publicly supported charity — 170(b)(1)(A)(vi)

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To engage in activities of a charitable and benevolent nature, including providing medical attention to underprivileged children, palliative support and education, scholarships and establishing commemorative programs.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
4 of 6
filings with a surplus
Average surplus $171K a year · 28% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$73K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+49% vs prior year
Spent
$303K
To programs
84%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$240K
FY2023▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$546K
FY2021$456K
FY2022$161K
FY2023$240K
FY2024$400K
FY2025$1.9M
Expenses
$303K
FY2023▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$247K
FY2022$270K
FY2023$303K
FY2024$352K
FY2025$1.3M
Net assets
$2.7M
FY2023▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.8M
FY2022$2.4M
FY2023$2.7M
FY2024$2.9M
FY2025$3.6M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Oct 1964.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $255K Management & general 16% · $48K

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

15 people listed on the 990.

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 Riverside County Physicians Memorial 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

Provides medical care, education, and scholarships for underprivileged children.

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Provided by the organization

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3 programs · $253K · in their own filed words · FY2023
01

Project K.i.n.d.

Services to "kids in need of doctors" including medical, vision and dental clinics for low-income children.

$142Kprogram expense
02

Scholarship fund for qualified medical students and early-career physicians; $74,500 awarded as scholarships and $35,000 awarded under loan repayment program.

$110Kprogram expense
03

Physician wellness provides local support to promote professional satisfaction, reduce stress, decrease emotional fatigue and prevent physical burnout before it begins.

$2Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$500K
Grants paid · 6 grants · $1.4M · 2020–2025
Unitemized GrantFY2025$1,018,500
Unitemized GrantFY2024$112,000
Unitemized GrantFY2023$109,500
Unitemized GrantFY2022$79,500
Unitemized GrantFY2021$62,000
Unitemized GrantFY2020$48,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Gifts and grantsLn 1h$255K
Investment incomeLn 3$66K
Money outPt IX
$303K
Ln 25
Programscol B$255K
Managementcol C$48K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$248K
Total assetsLn 16$2.8M
LiabilitiesLn 26$73K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Government grantsLn 1e$148K
Fundraising eventsLn 1c$81K
Investment incomeLn 3$66K
Gains on assetsLn 7−$84K
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$141K
SavingsLn 2$107K
Cash and savings togetherLn 1–2$248K
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$2.8M
LiabilitiesLn 26$73K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 633
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 FY23End FY23
Cash and savingsLn 1–2$305K$248K
InvestmentsLn 11–13$2.1M$2.4M
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$2.5M$2.8M
LiabilitiesLn 26$94K$73K
Net assetsLn 32$2.4M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$110K$110K
Other salaries and wagesLn 7$89K$89K
Other employee benefitsLn 9$16K$16K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$14K$14K
Advertising and promotionLn 12$435$435
Office expensesLn 13$6K$876$5K
Information technologyLn 14$3K$3K
OccupancyLn 16$15K$15K
TravelLn 17$964$964
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$352$352
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$32K$32K
All other expensesLn 24e$16$16
Total functional expensesLn 25$303K$255K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$1.3M$645K$3.6M 990 PDF
FY2024 $400K$352K$48K$2.9M 990 PDF
FY2023 Viewing $240K$303K−$62K$2.7M 990 PDF
FY2022 $161K$270K−$109K$2.4M 990 PDF
FY2021 $456K$247K$208K$2.8M 990 PDF
FY2020 $546K$253K$293K$2.6M 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 FY2023 990 (6 parts)
Part I · Summary $240,202 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $296,866$255,128
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$135,626−$17,426
I-11 Other revenuePrior year $0$2,500
I-12 Total revenuePrior year $161,240$240,202
I-13 Grants and similar amounts paidPrior year $79,500$109,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $111,176$104,901
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $79,653$88,147
I-18 Total expensesPrior year $270,329$302,548
I-19 Revenue less expensesPrior year −$109,089−$62,346
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $240,202 across 9 lines filed
VIII-1c Fundraising events$80,929
VIII-1e Government grants$147,961
VIII-1f All other contributions, gifts and grants$26,238
VIII-1h Total contributions, gifts and grants$255,128
VIII-3 Investment incomeExcluded from tax $66,441$66,441
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$83,867−$83,867
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,500$2,500
VIII-12 Total revenueRelated to mission $2,500 · Unrelated business $0 · Excluded from tax −$17,426$240,202
Part IX · Statement of functional expenses $302,548 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $109,500$109,500
IX-7 Other salaries and wagesPrograms $89,140$89,140
IX-9 Other employee benefitsPrograms $15,761$15,761
IX-11b Legal feesManagement $3,400$3,400
IX-11c Accounting feesManagement $10,200$10,200
IX-11f Investment management feesManagement $13,736$13,736
IX-12 Advertising and promotionPrograms $435$435
IX-13 Office expensesPrograms $876 · Management $5,311$6,187
IX-14 Information technologyPrograms $3,280$3,280
IX-16 OccupancyManagement $15,051$15,051
IX-17 TravelPrograms $964$964
IX-19 Conferences, conventions and meetingsPrograms $1,409$1,409
IX-22 Depreciation, depletion and amortizationPrograms $352$352
IX-23 InsurancePrograms $1,042$1,042
IX-24 Other expenses (24a–d)Programs $32,075$32,075
IX-24e All other expensesPrograms $16$16
IX-25 Total functional expensesPrograms $254,850 · Management $47,698 · Fundraising $0$302,548
Part X · Balance sheet $2,769,997 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $230,747$141,287
X-2 Savings and temporary cash investmentsStart of year $74,270$106,708
X-4 Accounts receivableStart of year $121,873$74,050
X-9 Prepaid expenses and deferred chargesStart of year $716$1,187
X-10c Land, buildings and equipment, netStart of year $3,380$3,028
X-11 Publicly traded securitiesStart of year $2,062,957$2,443,737
X-16 Total assetsStart of year $2,493,943$2,769,997
X-17 Accounts payable and accrued expensesStart of year $1,016$1,680
X-19 Deferred revenueStart of year $69,560$45,132
X-25 Other liabilitiesStart of year $23,533$26,195
X-26 Total liabilitiesStart of year $94,109$73,007
X-28 Net assets with donor restrictionsStart of year $2,399,834$2,696,990
X-32 Total net assets or fund balancesStart of year $2,399,834$2,696,990
X-33 Total liabilities and net assetsStart of year $2,493,943$2,769,997
Part XI · Reconciliation of net assets $2,696,990 net assets at year end
XI-1 Total revenue$240,202
XI-2 Total expenses$302,548
XI-3 Revenue less expenses−$62,346
XI-4 Net assets at start of year$2,399,834
XI-5 Net unrealized gains (losses) on investments$359,502
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,696,990

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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