Overview
What is Los Angeles Free Clinic Hollywood Center Endowment Corporation?
Los Angeles Free Clinic Hollywood Center Endowment Corporation is a nonprofit organization situated in Los Angeles, California, with an address at 8405 Beverly Boulevard. The primary purpose of this organization is to manage and invest funds, specifically a generous donation of $1 million given over a three-year period by the S. Mark Taper Foundation. The income generated from this investment is used annually to fund the operation of a new healthcare facility under the Los Angeles Free Clinic umbrella, specifically in Hollywood. The organization's sole function is to manage its funds effectively, ensuring that the Los Angeles Free Clinic can consistently provide healthcare services at the Hollywood Health Center.
Official website here: www.sabancommunityclinic.org
Is Los Angeles Free Clinic Hollywood Center Endowment Corporation legitimate?
Los Angeles Free Clinic Hollywood Center Endowment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Free Clinic Hollywood Center Endowment Corporation 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
Official website here: www.sabancommunityclinic.org
What is the mission statement of Los Angeles Free Clinic Hollywood Center Endowment Corporation?
The Los Angeles Free Clinic Hollywood Center Endowment Corporation's mission is to manage and invest funds, with the objective of providing annual financial support to the Los Angeles Free Clinic. This support is utilized to operate a health center, specifically in Hollywood. The Endowment Corporation holds and invests donated funds, with the income distributed each year to maintain and operate the Hollywood Health Center. The trust's sole purpose is to ensure the financial stability of the Los Angeles Free Clinic's operations in Hollywood.
Official website here: www.sabancommunityclinic.org
Who is the CEO of Los Angeles Free Clinic Hollywood Center Endowment Corporation?
Muriel Nouwezem is the Chair Of The Board of Los Angeles Free Clinic Hollywood Center Endowment Corporation. The CEO's salary of Los Angeles Free Clinic Hollywood Center Endowment Corporation is $0 and their total compensation is $341,935.
Official website here: www.sabancommunityclinic.org
What is the revenue of Los Angeles Free Clinic Hollywood Center Endowment Corporation?
Los Angeles Free Clinic Hollywood Center Endowment Corporation's revenue in 2022 was $103,527.
Official website here: www.sabancommunityclinic.org
Who are the executives of Los Angeles Free Clinic Hollywood Center Endowment Corporation and what are their salaries?
There 4 volunteers at Los Angeles Free Clinic Hollywood Center Endowment Corporation.
Here are 5 key members and their salaries (Los Angeles Free Clinic Hollywood Center Endowment Corporation's CEO's salary is $0 and their total compensation is $341,935):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $326,641
- Other: $15,294
Official website here: www.sabancommunityclinic.org
Where can I find the form 990 for Los Angeles Free Clinic Hollywood Center Endowment Corporation?
Los Angeles Free Clinic Hollywood Center Endowment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sabancommunityclinic.org
Learn more at the official website: www.sabancommunityclinic.org
Mission Statement of Los Angeles Free Clinic Hollywood Center Endowment Corporation
Los Angeles Free Clinic Hollywood Center Endowment Corporation's mission is centered around managing and investing financial resources to provide continuous support to the Los Angeles Free Clinic. Specifically, the corporation holds and invests donated funds, with the income generated annually used to operate a healthcare facility within the Los Angeles Free Clinic network, in this case, the Hollywood Health Center. The S. Mark Taper Foundation, in a philanthropic act, contributed a substantial sum of one million dollars over a three-year period to the endowment corporation. The purpose of this gift was to ensure the long-term sustainability of the Hollywood Health Center, with the income derived from the trust being utilized each year to maintain and enhance the clinic's operations. In summary, Los Angeles Free Clinic Hollywood Center Endowment Corporation serves as a financial backbone, ensuring the continued provision of healthcare services to the community through its investment of donated funds and distribution of the resulting income.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Los Angeles Free Clinic Hollywood Center Endowment Corporation plays a vital role in supporting healthcare accessibility in the Hollywood area. Through strategic financial investments, it secures funding for the Los Angeles Free Clinic, enabling the operation of a health center that serves the community's medical needs.
A significant gift from the S Mark Taper Foundation of one million dollars, allocated over three years, allows the endowment to maintain a sustainable source of income. This income directly funds the operations of the Hollywood Health Center, ensuring that vital services can be provided consistently to those in need.
By holding and investing these funds, the endowment ensures long-term financial stability for the clinic, allowing it to focus on delivering healthcare services without the constant pressure of fundraising. As a result, individuals in the Hollywood community benefit from accessible medical care, ultimately enhancing public health and well-being in the area.
This information is meant to be a general summary of Los Angeles Free Clinic Hollywood Center Endowment Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $103,527
- Gross Receipts: $243,844
Assets and Liabilities:
- Total Assets: $1,059,248
- Total Liabilities: $0
- Net Assets: $1,059,248
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1990
Phone
(323) 653-8622Principal Officer
Muriel Nouwezem
Main Address
8405 BEVERLY BOULEVARD, LOS ANGELES, CA, 90048
Website
www.sabancommunityclinic.orgNTEE Category
Code: E113 - Health
If you are a representative of Los Angeles Free Clinic Hollywood Center Endowment Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.