Totals
- Total revenue
- $1,486,055
- Total expenses
- $2,133,873
- Contributions and grants received
- $1,403,148
- Grants paid
- $166,663
- Program service revenue
- $0
- Investment income
- $298,410
- Other revenue
- -$215,503
- Total assets, end of year
- $44,996,012
- Total liabilities, end of year
- $23,657,874
- Net assets or fund balances, end of year
- $21,338,138
- Program services expenses (Part IX)
- $421,113
- Management and general expenses
- $1,432,019
- Fundraising expenses
- $280,741
- Program service expenses (Part III)
- $421,113
Program services were 19.7% 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.
-
1f · All other contributions, gifts and grants
$1,403,148
-
3 · Investment income
total $298,410 · excluded $298,410
-
6a · Gross rents
real property $3,445,551
-
6b · Less rental expenses
real property $3,856,054
-
6c · Rental income or loss
real property -$410,503
-
6d · Net rental income or loss
total -$410,503 · unrelated business -$322,417 · excluded -$88,086
-
11a · Other revenue: MANAGEMENT FEES
total $195,000 · excluded $195,000
-
11e · Other revenue, total
$195,000
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $166,663 · program services $166,663
-
5 · Compensation of officers, directors and key employees
total $581,516 · management and general $581,516
-
7 · Other salaries and wages
total $428,591 · program services $18,679 · management and general $186,848 · fundraising $223,064
-
8 · Pension plan contributions
total $12,636 · management and general $12,636
-
9 · Other employee benefits
total $68,994 · management and general $68,994
-
10 · Payroll taxes
total $80,642 · management and general $63,694 · fundraising $16,948
-
11b · Fees: legal
total $65,234 · management and general $65,234
-
11c · Fees: accounting
total $82,741 · management and general $82,741
-
11f · Fees: investment management
total $10,222 · management and general $10,222
-
11g · Fees: other
total $244,446 · management and general $244,446
-
13 · Office expenses
total $26,402 · program services $10,223 · management and general $16,179
-
14 · Information technology
total $38,823 · management and general $38,823
-
17 · Travel
total $47,765 · program services $15,411 · management and general $32,354
-
19 · Conferences, conventions and meetings
total $1,030 · management and general $1,030
-
22 · Depreciation, depletion and amortization
total $3,630 · management and general $3,630
-
23 · Insurance
total $16,068 · management and general $16,068
-
24a · Other expenses: CHARITY CARE
total $190,070 · program services $190,070
-
24b · Other expenses: MISC FUNDRAISING EXP
total $40,729 · fundraising $40,729
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $7,604 · management and general $7,604
-
24e · All other expenses
total $20,067 · program services $20,067
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $663,309 · end of year $1,045,699
-
2 · Savings and temporary cash investments
beginning of year $15,322 · end of year $15,521
-
3 · Pledges and grants receivable
beginning of year $1,890,261 · end of year $1,485,106
-
4 · Accounts receivable
beginning of year $187,002 · end of year $233,046
-
7 · Other notes and loans receivable
beginning of year $697,646 · end of year $696,875
-
9 · Prepaid expenses and deferred charges
beginning of year $63,865 · end of year $150,215
-
10a · Land, buildings and equipment: cost or other basis
$36,461,844
-
10b · Land, buildings and equipment: accumulated depreciation
$9,140,800
-
10c · Land, buildings and equipment, net
beginning of year $28,326,815 · end of year $27,321,044
-
11 · Investments: publicly traded securities
beginning of year $8,765,850 · end of year $7,540,507
-
12 · Investments: other securities
beginning of year $2,670,000 · end of year $2,670,000
-
15 · Other assets
beginning of year $2,052,782 · end of year $3,837,999
-
17 · Accounts payable and accrued expenses
beginning of year $1,460,503 · end of year $1,882,716
-
23 · Secured mortgages and notes payable
beginning of year $21,952,151 · end of year $21,589,645
-
25 · Other liabilities
beginning of year $186,913 · end of year $185,513
-
27 · Net assets without donor restrictions
beginning of year $6,629,725 · end of year $5,824,192
-
28 · Net assets with donor restrictions
beginning of year $15,103,560 · end of year $15,513,946
Mission and programs · 2023
Mission
EXCELLENT EYE CARE FOR ALL REGARDLESS OF ABILITY TO PAY. PACIFIC VISION FOUNDATION IS DEDICATED TO IMPROVING HEALTH EQUITY IN EYE HEALTH AND VISION IN COLLABORATION WITH A COMMUNITY OF PHYSICIANS AND OTHER PARTNERS PROVIDING CARE AND TRAINING.
Activities or mission (Part I)
PVF IS DEDICATED TO EXCELLENT EYE CARE FOR ALL REGARDLESS OF ABILITY TO PAY.
-
PVF'S MISSION IS TO SUPPORT THE HIGHEST QUALITY OF EYECARE FOR ALL MEMBERS OF OUR COMMUNITY, REGARDLESS OF ABILITY TO PAY. WE WORK TO ACCOMPLISH OUR MISSION THROUGH DEVELOPMENT AND SUPPORT OF THE PACIFIC VISION EYE INSTITUTE. IN PARTICULAR, PVF SUPPORTS THE CALIFORNIA PACIFIC MEDICAL CENTER (CPMC) OPHTHALMOLOGY RESIDENCY PROGRAM, AND THE RETINA FELLOWSHIP PROGRAM WHOSE RESIDENTS, FELLOWS, AND FACULTY PROVIDE EYE CARE TO LOW INCOME AND UNINSURED PATIENTS. PVF ALSO SUBSIDIZES EYE SURGERIES FOR LOW-INCOME PATIENTS AT THE PACIFIC VISION SURGERY CENTER WHICH OPENED IN 2020.
Expenses $421,113 · Grants $166,663
As filed on the 2023 return.
Listed in Part VII
-
Francine MiltenbergerFRANCINE MILTENBERGER
CHAIR THROUGH 5/2023
- Total calculated
- $0
- Hours/week
- 2
-
Robert TomaselloROBERT TOMASELLO
CHAIR START 5/2023
- Total calculated
- $0
- Hours/week
- 2
-
David D O'NeillDAVID D O'NEILL
VICE CHAIR THROUGH 12/2023
- Total calculated
- $0
- Hours/week
- 2
-
Lenard WeissLENARD WEISS
VICE CHAIR & SECRETARY START 12/2023
- Total calculated
- $0
- Hours/week
- 2
-
Suzanne DaggertSUZANNE DAGGERT
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Bruce SpiveyBRUCE SPIVEY
CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 2
-
Usha Arunachalama PhD MBAUSHA ARUNACHALAMA PHD MBA
DIRECTOR THROUGH 3/2023
- Total calculated
- $0
- Hours/week
- 2
-
David C Cuneo CPADAVID C CUNEO CPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin Denny MDKEVIN DENNY MD
DIRECTOR
- Total calculated
- $32,400
- From this org
- $32,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Anne Fung MDANNE FUNG MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wayne E Fung MDWAYNE E FUNG MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bernd Kutzscher MDBERND KUTZSCHER MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard Lee MDRICHARD LEE MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert A Nelson MD MBAROBERT A NELSON MD MBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John PoseyJOHN POSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Krista Ramonas MDKRISTA RAMONAS MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lee K Schwartz MDLEE K SCHWARTZ MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rona Silkiss MD FacsRONA SILKISS MD FACS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric W SpiveyERIC W SPIVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dale WalkerDALE WALKER
DIRECTOR THROUGH 7/2023
- Total calculated
- $0
- Hours/week
- 2
-
Robert G Webster Jr MDROBERT G WEBSTER JR MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Vernon G Wong MDVERNON G WONG MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steven R Young BcoSTEVEN R YOUNG BCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Viveka Rydell-Anderson JD MscVIVEKA RYDELL-ANDERSON JD MSC
CHIEF EXECUTIVE OFFICER
- Total calculated
- $324,864
- From this org
- $300,000
- From related orgs
- $0
- Other
- $24,864
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $300,000
- Bonus
- $0
- Other
- $0
- Deferred
- $9,000
- Nontaxable benefits
- $15,864
- Filer's total
- $324,864
-
James ChangJAMES CHANG
CHIEF FINANCIAL OFFICER
- Total calculated
- $224,251
- From this org
- $217,681
- From related orgs
- $0
- Other
- $6,570
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $217,681
- Bonus
- $0
- Other
- $0
- Deferred
- $6,530
- Nontaxable benefits
- $40
- Filer's total
- $224,251
-
Stephanie TwerdahlSTEPHANIE TWERDAHL
DEVELOPMENT DIRECTOR
- Total calculated
- $152,947
- From this org
- $138,788
- From related orgs
- $0
- Other
- $14,159
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,788
- Bonus
- $0
- Other
- $0
- Deferred
- $4,164
- Nontaxable benefits
- $9,995
- Filer's total
- $152,947
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
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
No itemized grants to organizations on this return.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
SFOC LLC
REAL ESTATE RENTAL · CA · income $3,463,707 · assets $29,350,119
Directly controlled by PACIFIC VISION FOUNDATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PACIFIC VISION SURGERY CENTER LLC
RELATED · VISION SURGERY CENTER · CA · 89% owned · share of income -$902,084 · share of assets $11,613,650
Directly controlled by PACIFIC VISION FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349314096
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