Form 990-EZ for tax year 2023

Totals

Total revenue

$44,864

Total expenses

$2,555,395

Contributions and grants received

$8,372

Grants paid

$2,506,526

Program service revenue

— not reported

Membership dues (line 3)

— not reported

Investment income (line 4)

$30,170

Gain or loss on sale of assets (line 5c)

$6,196

Gaming and fundraising events, net (line 6d)

— not reported

Gross profit on inventory sales (line 7c)

— not reported

Other revenue (line 8)

$126

Total assets, end of year

$144,791

Total liabilities, end of year

$30

Net assets or fund balances, end of year

$144,761

Program service expenses (Part III)

$2,530,332

Program services were 99.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

• The main activity of the organization is to make grants to support the charitable purposes and activities of nonprofit health care-related funds, foundations and/or corporations operating in the City of Long Beach. The organization donated its brokerage investment account to Long Beach Community Foundation as its main accomplishment for 2023.The organization reviews all applications for grants received through the Long Beach Community Foundation outreach programs. It provides grants for scholarships and for applicants pursuing education in the medical/health care fields and for nonprofit health care programs in the Long Beach community.

  Expenses $2,530,332

As filed on the 2023 return.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

• 205054010

  $2,505,000

  Liquidation · Charles Schwab Brokerage Account Balance · Apr 28, 2023 · 501c3

• 205054010

  $1,526

  Liquidation · Charles Schwab Brokerage Account Balance · Jun 9, 2023 · 501c3

Provenance

Return type

form_990_ez

Tax year

2023

Filed

10 May 2024

IRS schema version

2023v5.0

Source object

202401319349202690

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