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Medici Foundation A California

Public Benefit Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330637812 ✦ Irvine, CA ✦ Designated as a 501(c)(3)

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Overview

What is Medici Foundation A California?

Medici Foundation A California, located in Irvine, California, is a public benefit corporation that focuses on providing financial assistance for various causes. Their primary mission includes supporting the cultural arts, medical research, and philanthropic endeavors. Recently, they granted funds to aid a doctor in conducting new research presentations on LT survival and toxicity in post-prostatectomy patients. The foundation's reach is not specified, but it operates as a nonprofit entity committed to making a positive impact in these areas.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87%, Three-Star out of Four Star rating.

The Medici Foundation has achieved a commendable three-star rating with an overall score of 87%, reflecting a strong emphasis on accountability and financial health. This rating indicates that the organization maintains high standards in governance and financial management, with a particularly noteworthy performance in the Accountability & Finance category.

The foundation boasts 100% independent board members, which enhances its credibility and governance practices. Additionally, there are no reported material diversions of assets, and the organization has effective policies in place regarding conflicts of interest and document retention. The program expense ratio of 72.56% demonstrates a significant commitment to funding its charitable programs effectively.

While the foundation shows strong performance in financial accountability, potential donors may want to further investigate the impact of its programs and initiatives, as this rating is based solely on financial metrics. Overall, the Medici Foundation appears to be a trustworthy organization dedicated to responsible financial practices.


This AI summary has been generated from information found on Charity Navigator.

Is Medici Foundation A California legitimate?

Medici Foundation A California is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medici Foundation A California submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Medici Foundation A California?

The Medici Foundation in California is committed to providing financial aid for various causes. Its mission encompasses supporting the cultural arts, conducting medical research, and contributing to philanthropic initiatives. Through its funding, the foundation seeks to make a significant impact in these areas, as demonstrated by its grant to assist a doctor in conducting new research on long-term survival and toxicity in post-prostatectomy patients.

Who is the CEO of Medici Foundation A California?

Unavailable

What is the revenue of Medici Foundation A California?

Medici Foundation A California's revenue in 2022 was $136,326.

Who are the executives of Medici Foundation A California and what are their salaries?

There 8 volunteers at Medici Foundation A California.


Here are 3 key members and their salaries:


Kenneth Tokita (Director/President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Fosdick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Vance (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Medici Foundation A California?

Medici Foundation A California's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Medici Foundation A California

Medici Foundation A California, as described, is an organization dedicated to providing financial aid for various causes. Its mission, in simpler terms, involves extending support to the cultural arts, medical research, and philanthropic endeavors. The foundation takes an active role in funding initiatives that contribute to these fields, aiming to make a positive impact in various aspects of society. In the context of medical research, for instance, Medici Foundation A California granted funds to aid a doctor in their pursuit of new research presentations, focusing on long-term survival and toxicity in post-prostatectomy patients. This example highlights the foundation's commitment to advancing medical knowledge and improving patient outcomes. Overall, Medici Foundation A California's mission is to foster growth and development in the cultural arts, medical research, and philanthropic sectors through its financial contributions.

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Impact




October, 2024

The Medici Foundation A California significantly impacts its community by providing essential financial support for cultural arts, medical research, and various philanthropic causes. One notable example of its contributions includes funding grants that assist doctors in advancing research, such as studies on the long-term survival and toxicity outcomes of post-prostatectomy patients. This focus not only enhances medical knowledge but also improves patient care and outcomes. Through its dedication to supporting these vital areas, the Medici Foundation fosters innovation and enriches the cultural landscape, ultimately benefiting the broader community in Irvine, California, and beyond.




This information is meant to be a general summary of Medici Foundation A California. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$136,326 (2022)
Expenses
$1,150,950 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $92,876
  • Gross Receipts: $136,326

Assets and Liabilities:

  • Total Assets: $1,902,945
  • Total Liabilities: $0
  • Net Assets: $1,902,945

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Organization Details

Founding Year

1994

Main Address

16100 Sand Canyon Avenue, Irvine, CA, 926183722

NTEE Category

Code: T99 - Philanthropy

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