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Nonprofiteer
← FREMONT-RIDEOUT FOUNDATION

Form 990 for tax year 2024

Filed by FREMONT-RIDEOUT FOUNDATION.

Totals

Total revenue
$745,199
Total expenses
$986,267
Contributions and grants received
$698,430
Grants paid
$567,192
Program service revenue
$0
Investment income
$167,940
Other revenue
-$121,171
Total assets, end of year
$6,213,807
Total liabilities, end of year
$3,029
Net assets or fund balances, end of year
$6,210,778
Program services expenses (Part IX)
$719,522
Management and general expenses
$198,487
Fundraising expenses
$68,258
Program service expenses (Part III)
$719,522

Program services were 73.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $191,750

  • 1f · All other contributions, gifts and grants

    $506,680

  • 3 · Investment income

    total $167,940 · excluded $167,940

  • 8a · Fundraising events: gross income

    $45,790

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

    $191,750

  • 8b · Fundraising events: direct expenses

    $166,961

  • 8c · Net income from fundraising events

    total -$121,171 · excluded -$121,171

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $550,042 · program services $550,042

  • 2 · Grants to domestic individuals

    total $17,150 · program services $17,150

  • 5 · Compensation of officers, directors and key employees

    total $235,545 · program services $143,682 · management and general $91,863

  • 7 · Other salaries and wages

    total $78,084 · program services $6,065 · management and general $3,761 · fundraising $68,258

  • 11c · Fees: accounting

    total $61,168 · management and general $61,168

  • 11g · Fees: other

    total $30,655 · program services $2,268 · management and general $28,387

  • 13 · Office expenses

    total $13,623 · program services $315 · management and general $13,308

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $961,125 · end of year $944,151

  • 2 · Savings and temporary cash investments

    beginning of year $281,926 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $7,500

  • 11 · Investments: publicly traded securities

    beginning of year $4,853,208 · end of year $5,262,156

  • 15 · Other assets

    beginning of year $1,833 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,029

  • 27 · Net assets without donor restrictions

    beginning of year $4,183,762 · end of year $4,163,679

  • 28 · Net assets with donor restrictions

    beginning of year $1,914,330 · end of year $2,047,099

Mission and programs · 2024

Mission

The primary purposes of the Fremont-Rideout Foundation are to support, benefit, and further the charitable, scientific, and educational purposes of Adventist Health and Rideout and its affiliates.

Activities or mission (Part I)

Promotes the philanthropic contributions that advance the mission of Adventist Health and Rideout.

  • The Foundation's function is to raise funds through fundraising activities and provide funds for health care programs, new equipment, renovations, and scholarships that make an immediate and lasting difference in the quality of health care delivered.

    Expenses $719,522 · Grants $567,192

As filed on the 2024 return.

Listed in Part VII

  • Boudreaux Patience President

    Philanthropy Exec as of 04/24

    Total calculated
    $235,545
    From this org
    $224,280
    From related orgs
    $0
    Other
    $11,265
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $175,673
    Bonus
    $78
    Other
    $48,529
    Deferred
    $0
    Nontaxable benefits
    $11,265
    Filer's total
    $235,545

  • Champlin Christopher

    President thru 04/24

    Total calculated
    $0
    Hours/week
    2

  • Thordarson Heidar

    Finance Executive thru 07/24

    Total calculated
    $0
    Hours/week
    2

  • Weiler John

    Chair thru 01/24/Director

    Total calculated
    $0
    Hours/week
    1

  • Pena Heather

    Chair as of 01/24

    Total calculated
    $0
    Hours/week
    1

  • Marsan Russel Vice Chair

    from 01/24 thru 11/24

    Total calculated
    $0
    Hours/week
    1

  • Ten Haken Joyce Treasurer

    Director from 01/24 thru 05/24

    Total calculated
    $0
    Hours/week
    1

  • Sandgren Derek

    Treasurer as of 06/24

    Total calculated
    $0
    Hours/week
    1

  • Kang Jasbir

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Bains Maninder

    Director as of 04/24

    Total calculated
    $0
    Hours/week
    1

  • Drefke Julia

    Director thru 05/24

    Total calculated
    $0
    Hours/week
    1

  • Hudson Alan

    Director thru 11/24

    Total calculated
    $0
    Hours/week
    1

  • 10

    Director

    Total calculated
    $0
    Hours/week
    1

  • 10

    Director as of 06/24

    Total calculated
    $0
    Hours/week
    1

  • Sanchez Catalina

    Director

    Total calculated
    $0
    Hours/week
    1

  • Serna Adrian

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tarke David

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wright John

    Director

    Total calculated
    $0
    Hours/week
    2

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

None.

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)

Part I, Line 3
The Foundation relied on an unrelated affiliated tax-exempt organization (Adventist Health System/West) to determine the compensation for its fop management official. The unrelated affiliated organization used one or more methods described in Line 3. Compensation is paid by an unrelated affiliated organization (Rideout Memorial Hospital) for services provided to the Foundation.

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349324761

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