Form 990 for tax year 2023

Totals

Total revenue

$4,758,434

Total expenses

$1,446,727

Contributions and grants received

$3,842,857

Grants paid

$1,381,859

Program service revenue

$0

Investment income

$915,577

Other revenue

$0

Total assets, end of year

$56,772,372

Total liabilities, end of year

$287,117

Net assets or fund balances, end of year

$56,485,255

Program services expenses (Part IX)

$1,446,727

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$1,446,727

Program services were 100.0% 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.

Mission and programs · 2023

• PROGRAMS PILLAR.THE ALTAMED FOUNDATION CULTIVATES SEVERAL PIPELINE PROGRAMS THAT ALLOW FUTURE GENERATIONS TO THRIVE OUTSIDE OF OUR CLINICS. PROGRAMS SUCH AS THE ESCALERA PROGRAM OFFERS 50 STUDENTS TO BECOME THE NEXT GENERATION OF HEALTH CARE LEADERS THROUGH, INDIVIDUAL COUNSELING, CAREER PLANNING RESOURCES, NETWORKING OPPORTUNITIES, FINANCIAL AID, AND STEM AWARENESS. OUR YOUTH CHAMPIONS PROGRAM ALLOWED FOR 416 STUDENTS TO ATTEND 26 VIRTUAL PERSONAL DEVELOPMENT SESSIONS, SIX GO AND SEE EXPERIENCES, AND THE CREATION OF A BOOK CLUB TO KEEP STUDENTS AND ALUMNI ENGAGED. 378 PROVIDERS RECEIVED HEALTH EDUCATION IN TOPICS INCLUDING CARDIOLOGY AND NUTRITION.

  Expenses $574,089

• EQUITY PILLAR.THE ALTAMED FOUNDATION ACHIEVES GOOD HEALTH BEYOND THE CARE OUR PATIENTS RECEIVE IN OUR HEALTH CENTERS, AND ADDRESSES DISPARITIES IN ACCESS TO CARE. WHEN PATIENTS ARE SUPPORTED BY DOCTORS AND NURSES WHO UNDERSTAND THEM, AS WELL AS HAVE ACCESS TO HEALTHY FOOD, A ROOF OVER THE HEADS, A LIVING WAGE, AND A PLACE TO TURN TO WHEN IN NEED, THEY AND THEIR COMMUNITIES CAN FLOURISH. THESE FUNDS WERE ALLOCATED TO OUR CIVIC ENGAGEMENT EFFORTS, WHICH SCALED OUR EFFORTS AMONG OTHER COMMUNITY HEALTH CARE CENTERS THROUGHOUT CALIFORNIA, ALSO REACHING OVER 40 REGIONAL ASSOCIATIONS AND 100 PROMOTERS (COMMUNITY HEALTH WORKERS), IN PARTNERSHIP WITH CALIFORNIA PRIMARY CARE ASSOCIAION.

  Expenses $439,536

• HEALTH PILLAR.THE ALTAMED FOUNDATION KEEPS FAMILIES HEALTHY AND HAPPY THROUGH PRIMARY CARE PRACTICES, SUCH AS RESTORING AND IMPROVING RATES OF BASIC SCREENINGS AND CHRONIC DISEASE MANAGEMENT AND PROGRAMS THAT TARGET THE UNIQUE NEEDS OF WOMEN AND CHILDREN. PROGRAMS RANGING FROM CARDIOLOGY PROGRAMS, BEHAVIORIAL HEALTH TO SUPPORITING HEALTH CARE SERVICES THAT TEENS AND YOUNG ADULTS TO TAKE CONTROL OF THEIR PHYSICAL, MENTAL, AND SEXUAL AND REPRODUCTIVE HEALTH.THESE FUNDS IMPACTED 381 STUDENTS AT LOS ANGELES BASED ELEMENTARY SCHOOLS RECEIVED SCHOOL-BASED BEHAVIORAL HEALTH CARE; 618 PATIENTS RECEIVED BOOKS THROUGH PHYSICAN-BASED REACH OUT & READ.

  Expenses $286,145 · Grants $1,234,902

• LIFE PILLAR.THE ALTAMED FOUNDATION HELPS OUR PATIENTS WITH THE EMERGENCIES AND CRISES THAT THREATEN TO DESTABILIZE FAMILIES. OUR COMMUNITIES CARE FUND PROVIDES MICRO-CASH GRANTS TO PATIENTS WITH EMERGENCY NEEDS. IN 2023, WE PROVIDED 388 PATIENTS WITH IMMEDIATE FINANCIAL ASSISTANCE, WITH AN AVERAGE GIFT OF $310.

  Expenses $146,957 · Grants $146,957

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• ALTAMED HEALTH SERVICES CORPORATION

  $1,234,902

  TO SUPPORT THE PROGRAMS FOR ALTAMED HEALTH SERVICES CORPORATION

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.

• ALTAMED HEALTH SERVICES CORP

  501(C)(3) · HEALTH CARE SERVICES · CA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

14 November 2024

IRS schema version

2023v5.1

Source object

202443209349321234

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