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← PACIFIC VISION FOUNDATION

Form 990 for tax year 2024

Filed by PACIFIC VISION FOUNDATION.

Totals

Total revenue
$1,700,850
Total expenses
$2,500,604
Contributions and grants received
$1,684,939
Grants paid
$0
Program service revenue
$195,000
Investment income
$453,612
Other revenue
-$632,701
Total assets, end of year
$44,359,285
Total liabilities, end of year
$23,505,963
Net assets or fund balances, end of year
$20,853,322
Program services expenses (Part IX)
$591,444
Management and general expenses
$1,583,598
Fundraising expenses
$325,562
Program service expenses (Part III)
$591,444

Program services were 23.7% 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

    $1,684,939

  • 2a · Program service revenue: PROGRAM MANAGEMENT FEES

    total $195,000 · related or exempt $195,000

  • 3 · Investment income

    total $453,612 · excluded $453,612

  • 6a · Gross rents

    real property $3,400,227

  • 6b · Less rental expenses

    real property $4,037,544

  • 6c · Rental income or loss

    real property -$637,317

  • 6d · Net rental income or loss

    total -$637,317 · unrelated business -$510,299 · excluded -$127,018

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $4,616 · excluded $4,616

  • 11e · Other revenue, total

    $4,616

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $583,762 · management and general $583,762

  • 7 · Other salaries and wages

    total $726,973 · program services $285,408 · management and general $222,012 · fundraising $219,553

  • 8 · Pension plan contributions

    total $11,944 · management and general $11,944

  • 9 · Other employee benefits

    total $22,531 · management and general $22,531

  • 10 · Payroll taxes

    total $57,626 · management and general $38,722 · fundraising $18,904

  • 11b · Fees: legal

    total $25,503 · management and general $25,503

  • 11c · Fees: accounting

    total $39,600 · management and general $39,600

  • 11g · Fees: other

    total $225,229 · program services $11,632 · management and general $213,597

  • 13 · Office expenses

    total $75,307 · management and general $75,307

  • 14 · Information technology

    total $43,876 · management and general $43,876

  • 17 · Travel

    total $27,583 · program services $38 · management and general $27,545

  • 22 · Depreciation, depletion and amortization

    total $1,523 · management and general $1,523

  • 23 · Insurance

    total $20,360 · management and general $20,360

  • 24a · Other expenses: CHARITY CARE

    total $294,366 · program services $294,366

  • 24b · Other expenses: PROV FOR CREDIT LOSS

    total $214,977 · management and general $214,977

  • 24c · Other expenses: EVENTS

    total $87,105 · fundraising $87,105

  • 24d · Other expenses: TAXES, LICENSES, & FEES

    total $1,316 · management and general $1,316

  • 24e · All other expenses

    total $41,023 · management and general $41,023

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,045,699 · end of year $953,695

  • 2 · Savings and temporary cash investments

    beginning of year $15,521 · end of year $15,711

  • 3 · Pledges and grants receivable

    beginning of year $1,485,106 · end of year $1,328,349

  • 4 · Accounts receivable

    beginning of year $233,046 · end of year $310,239

  • 7 · Other notes and loans receivable

    beginning of year $696,875 · end of year $505,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150,215 · end of year $193,412

  • 10a · Land, buildings and equipment: cost or other basis

    $36,498,084

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,172,269

  • 10c · Land, buildings and equipment, net

    beginning of year $27,321,044 · end of year $26,325,815

  • 11 · Investments: publicly traded securities

    beginning of year $7,540,507 · end of year $7,824,993

  • 12 · Investments: other securities

    beginning of year $2,670,000 · end of year $2,730,000

  • 15 · Other assets

    beginning of year $3,837,999 · end of year $4,172,071

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,882,716 · end of year $1,008,766

  • 23 · Secured mortgages and notes payable

    beginning of year $21,589,645 · end of year $22,339,594

  • 25 · Other liabilities

    beginning of year $185,513 · end of year $157,603

  • 27 · Net assets without donor restrictions

    beginning of year $5,824,192 · end of year $5,156,043

  • 28 · Net assets with donor restrictions

    beginning of year $15,513,946 · end of year $15,697,279

Mission and programs · 2024

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 $591,444 · Revenue $195,000

As filed on the 2024 return.

Listed in Part VII

  • Robert Tomasello

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Lenard Weiss

    VICE CHAIR & SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Suzanne Daggert CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Bruce E Spivey MD

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    2
  • David C Cuneo CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kevin Denny MD

    DIRECTOR

    Total calculated
    $32,400
    From this org
    $32,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Anne Fung MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Wayne E Fung MD

    DIRECTOR (THRU 9/2024)

    Total calculated
    $0
    Hours/week
    2
  • Bernd Kutzscher MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Richard Lee MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Robert A Nelson MD MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Posey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Krista Ramonas MD

    DIRECTOR (THRU 7/2024)

    Total calculated
    $0
    Hours/week
    2
  • Lee K Schwartz MD

    DIRECTOR (THRU 7/2024))

    Total calculated
    $0
    Hours/week
    2
  • Gaurav K Shah MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rona Silkiss MD Facs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Eric W Spivey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Robert G Webster Jr MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Vernon G Wong MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Steven R Young Bco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Viveka Rydell-Anderson JD Msc

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $344,829
    From this org
    $315,000
    From related orgs
    $0
    Other
    $29,829
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,450
    Nontaxable benefits
    $20,379
    Filer's total
    $344,829
  • James Chang

    CHIEF FINANCIAL OFFICER

    Total calculated
    $238,933
    From this org
    $231,935
    From related orgs
    $0
    Other
    $6,998
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,935
    Bonus
    $0
    Other
    $0
    Deferred
    $6,958
    Nontaxable benefits
    $40
    Filer's total
    $238,933
  • Stephanie Twerdahl

    DEVELOPMENT DIRECTOR (THRU 9/2024)

    Total calculated
    $143,369
    From this org
    $131,818
    From related orgs
    $0
    Other
    $11,551
    Hours/week
    40
  • Zheng Yong Yu

    SENIOR ACCOUNTANT

    Total calculated
    $106,229
    From this org
    $101,816
    From related orgs
    $0
    Other
    $4,413
    Hours/week
    35
  • Donna Curry

    ADMINISTRATIVE ASSISTANT

    Total calculated
    $134,786
    From this org
    $108,000
    From related orgs
    $0
    Other
    $26,786
    Hours/week
    40

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
  • 4a · Severance or change-of-control payment

Answered no

  • 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 4A
DURING THE 2024 TAX YEAR, STEPHANIE TWERDAHL RECEIVED A TAXABLE SEVERANCE PAYMENT OF $22,317.

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 -$478,835 · assets $28,369,103

    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 · 91% owned · share of income -$774,462 · share of assets $11,236,394

    Directly controlled by PACIFIC VISION FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533219349304088

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