2024-11-15T17:34:50-06:00 2023-12-31 330310569 HASKELL & WHITE LLP 300 SPECTRUM CENTER DR STE 300 IRVINE CA 92618 990 2023-01-01 850673475 COVID CLINIC INC COVI 8582831234 18800 DELAWARE STREET HUNTINGTON BEACH CA 926486019 WENDY DAHL CHIEF EXECUTIVE OFFICER 8582831234 2024-11-15 1 0 WAYNE PINNELL P01691781 9496506200 2023 2024-10-15 13:58:12Z WENDY DAHL 18800 DELAWARE STREET HUNTINGTON BEACH CA 926486019 2804272 0 X WWW.COVIDCLINIC.ORG X 2020 CA TO PROVIDE FULL SERVICE COVID-19 CARE TO COMMUNITIES NATIONWIDE, WITH SAFE AND CONVENIENT LOCATIONS 2 2 210 2 0 0 25250 0 124721295 2252716 -3103420 -2053837 2271164 70189 123914289 269068 0 0 0 0 62541558 2336759 0 0 0 84422333 11760032 146963891 14096791 -23049602 -13827723 21908968 5801590 11055798 8776143 10853170 -2974553 X COVID CLINIC'S MISSION IS TO PROVIDE ESSENTIAL MEDICAL CARE TO COMMUNITIES AND INDIVIDUALS WHO ARE DISADVANTAGED OR UNDERSERVED BY HOSTING FULL SERVICE COVID-19 MOBILE CLINICS TO COMMUNITY MEMBERS NATIONWIDE, AT SAFE AND CONVENIENT LOCATIONS. OUR GOAL IS TO HEAL OUR NATION WITH CARING, COST-EFFECTIVE AND ACCESSIBLE SOLUTIONS TO PREVENT THE SPREAD OF COVID-19. 0 0 3237359 2252716 COVID CLINIC, INC. BUILDS AND OPERATES MOBILE COVID-19 TESTING SITES THAT ARE AVAILABLE TO INDIVIDUALS WITHOUT A DOCTOR'S REFERRAL. THE MOBILE TESTING SITES HAVE SO FAR ALLOWED MILLIONS OF PEOPLE ACCESS COVID-19 TESTING WITH QUICK RESULTS HELPING THE WORLDWIDE BATTLE AGAINST THE COVID-19 PANDEMIC. THE FIRST MOBILE TESTING SITE WAS LAUNCHED IN HUNTINGTON BEACH, CA ON APRIL 4, 2020 AND HAS OPERATED SINCE THAT DATE. COVID CLINIC OPERATES AT OVER 150 LOCATIONS THROUGHOUT THE UNITED STATES. 3237359 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 56 0 1 210 1 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 1 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA GA X RON CENKO 8582831234 5120 SHOREHAM PLACE SUITE 280 SAN DIEGO CA 92122 CHRIS COBURN DIRECTOR 1.00 X 0 0 0 THOMAS SHAFFER DIRECTOR 5.00 X 0 0 0 WENDY DAHL CHIEF EXECUTIVE OFFICER 40.00 X 205000 0 0 205000 0 0 1 0 1 0 IHEART MEDIA & ENTERTAINMENT INC 20880 STONE OAK PARKWAY SAN ANTONIO TX 78258 ADVERTISING - SETTLEMENT 1040000 STRADLING YOCCA CARLSON & RAUTH A PROFE 660 NEWPORT CENTER DRIVE SUITE 160 NEWPORT BEACH CA 92660 LEGAL SERVICES 628916 MATT LEDUC DBA DUKEY LLC 8215 ROSWELL ROAD BLDG 1000 ATLANTA GA 30350 CONSULTING 280479 KUNZLER BEAN AND ADAMSON 50 W BROADWAY SUITE 1000 SALT LAKE CITY UT 84101 LEGAL SERVICES 280479 OPTIMA OFFICE LLC 5120 SHOREHAM PLACE STE 285 SAN DIEGO CA 92122 ACCOUNTING SERVICES 148099 6 COVID CLINICS - SERVICES & FEES 900099 2252716 2252716 2252716 117 117 481250 2535204 -2053954 -2053954 -2053954 CREDIT CARD REBATES 900099 42047 42047 REVENUE FROM OTHER SOURCES 900099 14089 14089 SALES OF PRODUCT REVENUE 900099 7160 7160 6893 6893 70189 269068 268951 0 117 205000 127934 77066 1960463 1223459 737004 46394 28953 17441 124902 77947 46955 1604208 1604208 259505 259505 84963 149833 -64870 1064764 1064764 155888 155888 732696 10705 721991 287015 -395064 682079 118918 118918 211785 211785 807987 565591 242396 BAD DEBT 6379769 6379769 SUPPLIES AND TESTING KI 23862 23862 AUTO EXPENSE 18387 18387 SITE FUEL 10285 10285 14096791 3237359 10859432 0 10906697 4144047 1969976 1424704 782385 107803 46942 21906 7257858 25036 992052 100000 21908968 5801590 7795891 5780879 45324 18115 3214583 2977149 11055798 8776143 X 10853170 -2974553 10853170 -2974553 21908968 5801590 X -13827723 0 X 0 0 0 X 9000 25250 34250 86902367 196951947 124721295 2252716 410828325 86902367 196960947 124746545 2252716 410862575 0 0 0 410862575 137366 57774 -2053837 -1858697 137366 57774 -2053837 -1858697 1724723 2271164 70189 4066076 86902367 198823036 127075483 269068 413069954 0.99470 0.00000 X 46942 21906 25036 25036 DUE TO/FROM RELATED PARTIES: SMARTTECC 2969755 RAMP CARD 7394 2977149 X 0 0 X X X X 0 0 0 0 0 0 0 0 0 WENDY DAHL CHIEF EXECUTIVE OFFICER 205000 0 0 0 0 0 0 0 0 0 205000 0 0 0 PART I, LINE 3 COVID CLINIC USES MARKET COMPENSATION SURVEYS AND THE FORM 990S FROM OTHER ORGANIZATIONS TO REVIEW THE COMPENSATION GIVEN TO THE CEO AND OTHER EXECUTIVE OFFICERS. COMPENSATION AMOUNTS UNDERGO AN APPROVAL PROCESS WITH THE BOARD OF DIRECTORS. SMARTTECC FORMER CEO IS AN OWNER OF SMARTTECC 2969755 SMARTTECC PURCHASED SUPPLIES ON BEHALF OF COVID CLINIC 0 ELEVATED HEALTH FORMER PRESIDENT IS AN OWNER OF ELEVATED HEALTH 3475847 COVID CLINIC HAS RECEIVABLE FROM ELEVATED HEALTH 0 MEDLAB2020 FORMER CEO IS AN OWNER OF MEDLAB2020 1413526 COVID CLINIC HAS RECEIVABLE FROM MEDLAB2020 0 RUME FORMER CEO IS AN OWNER OF RUME 2734666 COVID CLINIC HAS RECEIVABLE FROM RUME 0 FORM 990, PART VI, SECTION A, LINE 5 COVID CLINIC PREVIOUSLY AGREED TO SELL CERTAIN ASSETS TO, AND BE PAID TO PROVIDE CERTAIN SERVICES TO, A THIRD-PARTY ENTITY. COVID CLINIC BECAME AWARE DURING THE ORGANIZATION'S TAX YEAR THAT THE THIRD PARTY BREACHED ITS AGREEMENT TO PAY COVID CLINIC FOR THE ASSETS AND SERVICES THAT HAD BEEN PROVIDED. RELATEDLY, THE SAME THIRD PARTY CONTRACTED TO REIMBURSE COVID CLINIC FOR EXPENSES INCURRED AS PART OF A TRANSITION OF THE ASSETS AND RELATED SERVICES. COVID CLINIC BECAME AWARE THAT THE THIRD PARTY HAD ALSO BREACHED ITS AGREEMENT TO REIMBURSE COVID CLINIC FOR THESE EXPENSES. COVID CLINIC IS STILL ASSESSING THE AMOUNT OF MONEY OWED IT BY THIS THIRD PARTY, BUT SUSPECTS THAT AMOUNT MAY BE AS MUCH AS $50 MILLION. COVID CLINIC MADE A FORMAL DEMAND TO THE THIRD PARTY. THE PARTIES PARTICIPATED IN A FORMAL MEDIATION THAT DID NOT LEAD TO SETTLEMENT. THE PARTIES AGREED TO ARBITRATE THE CLAIMS WITH JAMS. SEPARATELY, COVID CLINIC BECAME AWARE THAT IT HAD OVERPAID WHEN REIMBURSING A DIFFERENT THIRD PARTY FOR EXPENSES INCURRED ON BEHALF OF COVID CLINIC BY APPROXIMATELY $3.4 MILLION. COVID CLINIC IS MAKING EVERY EFFORT TO TAKE CORRECTIVE ACTION AND SECURE RECOVERY. COVID CLINIC HAS ENGAGED COUNSEL, MADE DEMANDS TO THE THIRD PARTY TO RETURN THE $3.4 MILLION OVERPAYMENT, AND FILED SUIT. THE PARTIES AGREED TO ARBITRATE THE CLAIMS WITH JAMS. COVID CLINIC'S INVESTIGATION REMAINS ONGOING. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE BEEN GRANTED AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS, DIRECTORS, AND THE TRUSTEES ARE REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. THE BOARD REVIEWS ANY CONFLICTS PRESENTED BY INTERESTED PARTIES. THE CHAIRPERSON APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE TRANSACTION IN QUESTION AND REPORT FINDINGS TO THE BOARD. ALTERNATIVES TO THE PROPOSED TRANSACTION ARE IDENTIFIED AND COMPARED TO THE PROPOSED TRANSACTION. THE BOARD VOTES ON THE MOST BENEFICIAL OPTION FOR THE ORGANIZATION. IF THE BOARD HAS REASON TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE THE POTENTIAL CONFLICT, THE BOARD WILL INVESTIGATE FURTHER AND IF NECESSARY, TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 COVID CLINIC, INC PERFORMS MARKET RESEARCH BASED ON INDUSTRY AND SIZE WHEN DETERMINING COMPENSATION FOR OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION. THE BOARD REVIEWS AND APPROVES COMPENSATION AMOUNTS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: THE ORGANIZATION IS CURRENTLY UNDERGOING ITS FYE 2021- 2023 AUDITS. THE 2023 RETURN WAS BASED ON UNADJUSTED NUMBERS AND THE ORGANIZATION EXPECTS TO AMEND ITS 2021-2023 RETURNS UPON FINALIZATION OF THE AUDITS.