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Nonprofiteer
← ALTAMED FOUNDATION

Form 990 for tax year 2022

Filed by ALTAMED FOUNDATION.

Totals

Total revenue
$4,288,307
Total expenses
$1,338,564
Contributions and grants received
$4,288,307
Grants paid
$201,322
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$53,375,634
Total liabilities, end of year
$201,322
Net assets or fund balances, end of year
$53,174,312
Program services expenses (Part IX)
$1,333,675
Management and general expenses
$4,889
Fundraising expenses
$0
Program service expenses (Part III)
$1,333,675

Program services were 99.6% 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

    $4,288,307

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $201,322 · program services $201,322

  • 13 · Office expenses

    total $4,889 · management and general $4,889

  • 24a · Other expenses: PROGRAM ACTIVITIES

    total $1,132,353 · program services $1,132,353

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,175 · end of year $2,845,506

  • 15 · Other assets

    beginning of year $50,212,394 · end of year $50,530,128

  • 25 · Other liabilities

    beginning of year $0 · end of year $201,322

  • 28 · Net assets with donor restrictions

    beginning of year $50,224,569 · end of year $53,174,312

Mission and programs · 2022

Mission

TO SUPPORT THE ACTIVITIES AND PURPOSES OF ALTAMED HEALTH SERVICES CORPORATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION "AHSC", A SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

Activities or mission (Part I)

ALTAMED FOUNDATION'S MISSION IS TO SUPPORT ALTAMED HEALTH SERVICES CORP. IN ITS MISSION TO INCREASE ACCESS TO COMPREHENSIVE HEALTH & HUMAN SERVICES AND REDUCE HEALTH CARE DISPARITIES IN THE COMMUNITIES OF SOUTHERN CALIFORNIA.

  • ALTAMED HEALTH SERVICES CORPORATIONTHE 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. THIS PROGRAM PROVIDED:- OVER 300 UNINSURED WOMEN WITH MAMMOGRAMS;- OVER 3,400 PEDIATRIC PATIENTS WITH BOOKS;- CARE PACKAGES AND GROUP THERAPY TO 12 CHILDREN, HEALING FROM EXTREME TRAUMA;- TWO (2) NEW DENTAL CHAIRS FOR ONE CLINIC TO SERVE AT LEAST 2,700 PATIENTS ANNUALLY

    Expenses $751,217

  • PROGRAMS PILLARTHE ALTAMED FOUNDATION CHAMPIONS INNOVATIVE AND SUCCESSFUL PROGRAMS THAT MAKE A LASTING IMPACT ON OUR PATIENTS OUTSIDE OUR CLINICS. WITH THE HELP OF PHILANTHROPIC LEADERS, NEW AND EXPANDED INITIATIVES CAN RESPOND TO THE EVOLVING NEEDS OF OUR PATIENTS. IN 2022, WE EMPOWERED 397 HIGH SCHOOL STUDENTS AT 7 LOCAL HIGH SCHOOLS WITH LIFE SKILLS TRAINING, COLLEGE AND CAREER PREPARATION.

    Expenses $341,396

  • LIFE PILLARTHE ALTAMED FOUNDATION HELPS OUR PATIENTS WITH THE EMERGENCIES AND CRISES THAT THREATEN TO DESTABLIZE FAMILIES. OUR COMMUNITIES CARE FUND PROVIDES MICRO-CASH GRANTS TO PATIENTS WITH EMERGENCY NEEDS. IN 2022, WE PROVIDED 388 PATIENTS WITH IMMEDIATE FINANCIAL ASSISTANCE, WITH AN AVERAGE GIFT OF $310.

    Expenses $201,322 · Grants $201,322

  • EQUITY PILLARTHE 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, AND WERE PART OF A MULTI-MILLION DOLLAR CAMPAIGN THAT DROVE OVER 3MM COMMUNITY MEMBERS REACHED WITH COVID-19 VACCINE MESSAGING AND OVER 2,000 VACCINE APPOINTMENTS WERE MADE.

    Expenses $39,740

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Raul Anaya

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Julieann K Coyne

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Bertha Aguirre

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Jacky Dilfer

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Avo Ashkharikian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jack Cline Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Phil Cohen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Vincent Cortes

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Hon William De La Pena MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Castulo De La Rocha JD

    BOARD MEMBER

    Total calculated
    $1,447,586
    From this org
    $0
    From related orgs
    $1,404,966
    Other
    $42,620
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $966,678 related
    Bonus
    $0 + $388,627 related
    Other
    $0 + $49,661 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $15,620 related
    Filer's total
    $0 + $1,447,586 related
  • John Ek

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Fred Flores

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Patricia Glaser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Richard Gomez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Henry Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Henry Holguin Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Celia Huber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Lizarraga Lhd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Fidencio Mares

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bruce Pansky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lorena Plascencia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Duane Saikami

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hon Teresa Sanchez-Gordon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hon Antonio Villaraigosa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Weiss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Zoila D Escobar EdD

    PRESIDENT

    Total calculated
    $728,885
    From this org
    $0
    From related orgs
    $686,265
    Other
    $42,620
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $517,350 related
    Bonus
    $0 + $145,785 related
    Other
    $0 + $23,130 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $15,620 related
    Filer's total
    $0 + $728,885 related
  • Haig Youredjian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jose U Esparza

    CFO

    Total calculated
    $730,072
    From this org
    $0
    From related orgs
    $673,963
    Other
    $56,109
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $502,845 related
    Bonus
    $0 + $132,506 related
    Other
    $0 + $38,612 related
    Deferred
    $0 + $47,500 related
    Nontaxable benefits
    $0 + $8,609 related
    Filer's total
    $0 + $730,072 related
  • Marcos Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Alejandra Velazquez

    BOARD 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

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 ORGANIZATION'S PRESIDENT IS COMPENSATED BY A RELATED ORGANIZATION, ALTAMED HEALTH SERVICES CORP. (AHSC), WHERE SHE SERVES AS THE CHIEF ADMIN OFFICER. AHSC'S BOARD HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO MS. ESCOBAR INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, BY THE BOARD OF DIRECTORS, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE BOARD'S DELIBERATION AND DISCUSSION. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF ITS APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION.

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.

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.

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.

  • ALTURA MANAGEMENT SERVICES LLC

    MANAGED CARE · CA · income $58,271,949 · assets $25,990,884

    Directly controlled by ALTAMED HEALTH SERVICES CORPORATION

  • ALTAMED LLC

    MANAGED CARE · CA · income $0 · assets $0

    Directly controlled by ALTAMED HEALTH SERVICES CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALTAMED HEALTH NETWORK INC

    C · MANAGED CARE · CA · share of income $191,300,177 · share of assets $77,944,381

    Directly controlled by ALTAMED HEALTH SERVICES CORP

  • ALTAMED HOLDINGS INC

    C · HOLDING COMPANY-REAL ESTATE · CA

    Directly controlled by ALTAMED HEALTH SERVICES CORP

  • OMNICARE MEDICAL GROUP INC

    C · MANAGED CARE · CA · share of income $28,228,808 · share of assets $22,998,957

    Directly controlled by ALTAMED HEALTH SERVICES CORP

  • ALTAMED INDEPENDENT PHYSICIAN NETWORK INC

    C · MANAGED CARE · CA · share of assets $44,579

    Directly controlled by ALTAMED HEALTH SERVICES CORP

  • ALTAMED HEALTH NETWORK SENIOR SERVICES PLAN INC

    C · MANAGED CARE · CA

    Directly controlled by ALTAMED HEALTH SERVICES CORP

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349331358

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