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Nonprofiteer
← VIRGINIA GARCIA MEMORIAL FOUNDATION

Form 990 for tax year 2023

Filed by VIRGINIA GARCIA MEMORIAL FOUNDATION.

Totals

Total revenue
$6,285,953
Total expenses
$3,268,332
Contributions and grants received
$6,113,171
Grants paid
$3,233,613
Program service revenue
$0
Investment income
$157,979
Other revenue
$14,803
Total assets, end of year
$13,508,226
Total liabilities, end of year
$588,366
Net assets or fund balances, end of year
$12,919,860
Program services expenses (Part IX)
$3,233,613
Management and general expenses
$9,079
Fundraising expenses
$25,640
Program service expenses (Part III)
$3,233,613

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $487,010

  • 1f · All other contributions, gifts and grants

    $5,626,161

  • 1g · Noncash contributions included above

    $328,568

  • 3 · Investment income

    total $177,744 · excluded $177,744

  • 7b · Less cost or other basis and sales expenses

    securities $19,765

  • 7c · Gain or loss

    securities -$19,765

  • 7d · Net gain or loss

    total -$19,765 · related or exempt -$19,765

  • 8a · Fundraising events: gross income

    $200,100

  • 8a · Fundraising events: contributions included on line 1c

    $487,010

  • 8b · Fundraising events: direct expenses

    $185,297

  • 8c · Net income from fundraising events

    total $14,803 · excluded $14,803

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,233,613 · program services $3,233,613

  • 11f · Fees: investment management

    total $9,079 · management and general $9,079

  • 24a · Other expenses: BANK FEES

    total $13,140 · fundraising $13,140

  • 24b · Other expenses: IN-KIND EXPENSE

    total $12,500 · fundraising $12,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $465,994 · end of year $614,837

  • 3 · Pledges and grants receivable

    beginning of year $461,646 · end of year $666,996

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,050 · end of year $3,050

  • 11 · Investments: publicly traded securities

    beginning of year $7,712,575 · end of year $12,013,059

  • 15 · Other assets

    beginning of year $196,736 · end of year $210,284

  • 17 · Accounts payable and accrued expenses

    beginning of year $410,505 · end of year $254,715

  • 19 · Deferred revenue

    beginning of year $16,025 · end of year $333,651

  • 27 · Net assets without donor restrictions

    beginning of year $6,793,754 · end of year $8,561,405

  • 28 · Net assets with donor restrictions

    beginning of year $1,619,717 · end of year $4,358,455

Mission and programs · 2023

Mission

THE MISSION OF THE VIRGINIA GARCIA MEMORIAL FOUNDATION IS TO PROVIDE ENDURING SUPPPORT FOR VIRGINIA GARCIA MEMORIAL HEALTH CENTER THROUGH FUNDING, COMMUNITY RELATIONS, AND THE CULTIVATION OF COMMUNITY FRIENDSHIPS, PARTNERS AND DONORS.

Activities or mission (Part I)

THE FOUNDATION PROVIDES OPERATING SUPPORT TO VIRGINIA GARCIA MEMORIAL (SEE SCHEDULE O)THE FOUNDATION PROVIDES OPERATING SUPPORT TO VIRGINIA GARCIA MEMORIAL HEALTH CENTER, A 501(C)(3) ORGANIZATION, TO ENABLE THE CENTER TO ENHANCE AND EXPAND ITS PROGRAM SERVICES.

  • THE FOUNDATION RAISES FUNDS FROM FAMILY, CORPORATE, PRIVATE AND COMMUNITY FOUNDATIONS; AS WELL AS INDIVIDUALS AND CORPORATIONS. THE FOUNDATION ALSO WRITES FEDERAL, STATE AND COUNTY GRANTS FOR THE CENTER, ALTHOUGH MANY TIMES THIS FUNDING FLOWS THROUGH THE CENTER AS A RESULT OF ITS FQHC STATUS. THE FOUNDATION BENEFITS FROM TWO MAJOR FUNDRAISING EVENTS PER YEAR. SERVING AS THE COMMUNITY RELATIONS ARM OF THE CENTER, FOUNDATION STAFF REGULARLY ATTEND COMMUNITY EVENTS, MEET WITH COMMUNITY PARTNERS AND PROVIDE EDUCATION TO CORPORATIONS' EMPLOYEES ON THE CENTER'S PROGRAMS. THE FOUNDATION PRODUCES ALL OF ITS MARKETING MATERIALS, IN PARTNERSHIP WITH THE CENTER, FOR THE PURPOSE OF FUNDRAISING AND ALL RELATED ACTIVITIES. THE FOUNDATION HOLDS THREE MAJOR COMMUNITY RELATIONS EVENTS PER YEAR.

    Expenses $3,233,613 · Grants $3,233,613

As filed on the 2023 return.

Listed in Part VII

  • Gil Munoz

    CEO, HEALTH CENTER

    Total calculated
    $296,667
    From this org
    $0
    From related orgs
    $259,082
    Other
    $37,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $259,082 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,250 related
    Nontaxable benefits
    $0 + $24,335 related
    Filer's total
    $0 + $296,667 related

  • Stefanny Caballero

    EXECUTIVE DIRECTOR

    Total calculated
    $188,464
    From this org
    $0
    From related orgs
    $157,304
    Other
    $31,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $138,456 related
    Bonus
    $0 + $18,848 related
    Other
    $0
    Deferred
    $0 + $6,825 related
    Nontaxable benefits
    $0 + $24,335 related
    Filer's total
    $0 + $188,464 related

  • Ellen Garcia

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Austin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Willes

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rogerio Reyes

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anita Jackson

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ketan Sampat

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cristian Corsi

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Anita Ramachandran

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aoife Holden

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margaret Garza

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Poolman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Liz Fouts

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Harry Gomez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Filipe Lima

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II
GILL MUNOZ IS THE CEO FOR THE FOUNDATION'S RELATED ENTITY VIRGINIA GARCIA MEMORIAL HEALTH CENTER AND ALSO PROVIDES SERVICES FOR THE FOUNDATION. THE COMPENSATION REPORTED REFLECTS HIS SALARY FOR BOTH ENTITIES. STEFANNY CABALLERO IS THE CEO FOR THE FOUNDATION. HER SALARY IS PAID BY VIRGINIA GARCIA MEMORIAL HEALTH CENTER.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
22 November 2024
IRS schema version
2023v5.1
Source object
202403279349300420

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