2025-07-23T11:50:21-05:00 2023-06-30 930623286 ALDRICH CPAS AND ADVISORS LLP 1903 WRIGHT PLACE 180 CARLSBAD CA 92008 990 2022-07-01 933573154 PALOMAR HEALTH FOUNDATION PALO 7607392787 2125 CITRACADO PARKWAY 340 ESCONDIDO CA 92029 KRISTIN GASPAR PRESIDENT 7607392787 2025-07-22 1 1 DEBRA D SMITH CPA P00646873 7604318440 2025-06-30 2022 2025-03-06 01:10:19Z X KRISTIN GASPAR 2125 CITRACADO PARKWAY 340 ESCONDIDO CA 92029 3304937 0 X WWW.PALOMARHEALTHFOUNDATION.ORG X 2006 CA TO PROVIDE ASSISTANCE AND SUPPORT TO PALOMAR HEALTH, A CALIFORNIA LOCAL HEALTHCARE DISTRICT. 16 16 0 0 0 0 2321220 2696377 0 0 39976 63117 0 0 2361196 2759494 1869710 2807780 0 0 140077 164905 0 0 1044870 1382768 1861109 3392555 4833794 -1031359 -2074300 7144657 5270425 2418234 2570561 4726423 2699864 TO PROVIDE ASSISTANCE AND SUPPORT TO PALOMAR HEALTH, A CALIFORNIA LOCAL HEALTHCARE DISTRICT. 0 0 2807780 2807780 0 PROVIDE ASSISTANCE AND SUPPORT TO PALOMAR HEALTH INCLUDING ASSISTANCE TO BUILD OUT PALOMAR MEDICAL CENTER EMERGENCY DEPARTMENT, PURCHASE OF GASTRO INTESTINAL MEDICAL EQUIPMENT, AND RENOVATION OF THE ATRIUM AT THE PALOMAR MEDICAL CENTER EMERGENCY DEPARTMENT. 2807780 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X KRISTIN GASPAR 7607392787 2125 CITRACADO PKWY SUITE 340 ESCONDIDO CA 92029 KIRK EFFINGER CHAIR 1.00 X X 0 0 0 HARVEY HERSHKOWITZ PAST CHAIR 1.00 X X 0 0 0 OSMAN KHAWAR MD VICE CHAIR 1.00 X X 0 0 0 DAVID WILSON TREASURER 1.00 X X 0 0 0 NELLY BULKIN DIRECTOR 1.00 X 0 0 0 JON C FRANDELL DIRECTOR 1.00 X 0 0 0 PAULINE GOURDIE DIRECTOR 1.00 X 0 0 0 SUSAN HERRERA DIRECTOR 1.00 X 0 0 0 DAWN LOPEZ RN DIRECTOR 1.00 X 0 0 0 ANDY MATHEWS DIRECTOR 1.00 X 0 0 0 JORGE MONRAZ DIRECTOR 1.00 X 0 0 0 FRED NASSERI DIRECTOR 1.00 X 0 0 0 TOM OESCHGER DIRECTOR 1.00 X 0 0 0 ROB PEW DIRECTOR 1.00 X 0 0 0 HARDEEP PHULL MD DIRECTOR 1.00 X 0 0 0 SAURABH SHAH MD DIRECTOR 1.00 X 0 0 0 KRISTIN GASPAR PRESIDENT AND CEO 40.00 X 136715 0 0 136715 0 0 1 0 0 0 0 1678745 1017632 27158 2696377 41500 41500 567060 545443 21617 21617 21617 2759494 0 0 63117 2807780 2807780 164905 164905 540918 148122 392796 62500 62500 14775 14775 242695 242695 47194 47194 43106 43058 48 86893 86893 99952 99952 315 315 429 429 77208 77208 5154 5154 8001 8001 BAD DEBTS 348542 0 0 348542 EVENTS 127712 0 0 127712 DONOR CULTIVATION 99605 0 0 99605 DUES AND SUBSCRIPTIONS 28544 0 0 28544 27566 27566 4833794 2807780 981144 1044870 3010540 1992123 325131 358839 860326 307467 81666 133547 25771 10348 20577 15423 782177 693458 583225 668610 1481015 1100958 7144657 5270425 22640 151744 2395594 2418817 2418234 2570561 X 1015591 -957859 3710832 3657723 4726423 2699864 7144657 5270425 X -2074300 -11481 59222 X 0 1 X 1 0 X 3093319 5266953 5677417 2321220 2696377 19055286 3093319 5266953 5677417 2321220 2696377 19055286 322754 18732532 73120 73763 90867 35298 41500 314548 17486 17486 19387320 0.96620 0.94690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 490472 29649 4220 515901 537685 -42538 4675 490472 467113 75559 4987 537685 420215 53266 6368 467113 338767 61524 24663 4739 420215 0.66000 0.34000 0 0 25771 10348 15423 15423 FIXED INCOME 668610 F 668610 CHARITABLE REMAINDER TRUSTS 1037568 PROMISE TO GIVE BUILDING - PALOMAR HEALTH 63390 1100958 LIABILITY UNDER GIFT ANNUITIES 871378 DUE TO PALOMAR HEALTH 1547439 2418817 X 2792460 -11481 59222 47741 2744719 14775 14775 2759494 4819019 0 4819019 14775 14775 4833794 PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSIST OF SIX INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE FOUNDATION FOLLOWS THE PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN THE FINANCIAL ACCOUNTING STANDARD BOARD'S ACCOUNTING STANDARDS CODIFICATION. THE FOUNDATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE ARE NO AMOUNTS ACCRUED IN THE CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF GIFT ANNUITIES 53,965. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 5,257. 1 PALOMAR HEALTH 2125 CITRACADO PKWY SUITE 300 ESCONDIDO CA 92029 956003843 115(I) 2807780 0 SUPPORT OF PROGRAM SERVICES 1 0 X 520 X 4265 X 15 9889 X OTHER NON-CASH ITEMS 13 7734 FMV X GIFT CARDS 3 4750 FMV 0 1 0 FORM 99 AMENDED RETURN STATEMENT THIS AMENDED FORM 990 IS BEING FILED TO REFLECT CHANGES MADE AS A RESULT OF AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE ORIGINAL RETURN WAS FILED. THE ORIGINAL FORM 990, FILED ON MAY 9, 2024, WAS BASED ON INTERNAL FINANCIAL REPORTS. THE AUDITED FINANCIALS, COMPLETED ON JUNE 11, 2025, RESULTED IN ADJUSTMENTS TO PART VIII (STATEMENT OF REVENUE), PART IX (STATEMENT OF FUNCTIONAL EXPENSES), AND PART X (BALANCE SHEET), AS WELL AS SCHEDULE A, PART II, SCHEDULE B LIST OF CONTRIBUTORS AND SCHEDULE D. FORM 990 PART V LINE 2A AND 2B PALOMAR HEALTH FOUNDATION DOES NOT FILE ANY FORM W-2'S DIRECTLY. EMPLOYEES WORKING WITHIN PALOMAR HEALTH FOUNDATION SHARE A COMMON PAYMASTER WITH PALOMAR HEALTH THE ENTITY THE FOUNDATION HAS A MANAGEMENT SERVICES AGREEMENT WITH. PALOMAR HEALTH FILES ALL RELATED FEDERAL EMPLOYMENT TAX RETURNS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT SERVICES AGREEMENT WITH PALOMAR HEALTH. THE SERVICES PROVIDED INCLUDE ADMINISTRATIVE AND FINANCIAL MANAGEMENT SERVICES AND MARKETING/PUBLIC RELATIONS. KRISTIN GASPAR THE PRESIDENT/CEO IS COMPENSATED BY PALOMAR HEALTH VIA THE MANAGEMENT SERVICES AGREEMENT, HER FISCAL YEAR COMPENSATION WAS $164,905 REPORTED ON FORM 990 PART IX LINE 5. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND THIRD PARTY ACCOUNTANTS WILL REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED DURING THE INITIAL ORIENTATION OF ANY OFFICER, DIRECTOR, AND KEY EMPLOYEE. THE POLICY IS THEN REVIEWED WITH EACH PERSON OF AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 PALOMAR HEALTH (PH) THE ORGANIZATION'S MANAGEMENT COMPANY PERIODICALLY COMPLETES A MARKET ANALYSIS OF COMPENSATION FOR ALL POSITIONS. THIS IS WHEN POSITIONS HAVE BEEN VACATED BY AN EMPLOYEE WHO HELD THEIR POSITION WITH PH FOR A CONSIDERABLE TIME TO ENSURE THAT PH REMAINS COMPETITIVE DURING AN ACTIVE RECRUITMENT FOR TOP TALENT. IT CAN ALSO BE DONE AT THE REQUEST OF A SENIOR LEADER FOR A POSITION THAT MAY HAVE NOT BEEN ANALYZED FOR CONSIDERABLE TIME AND THE POSITION NEEDS A MARKET ADJUSTMENT TO KEEP TOP TALENT AT PH. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. ONCE A REQUEST IS SUBMITTED TO THE FOUNDATION, A RESPONSE WILL BE PROVIDED. FORM 990, PART XI, LINE 9: NET CHANGE IN THE VALUE OF GIFT ANNUITIES 53,965. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 5,257. CHARITABLE REMAINDER TRUST - 4 2125 CITRACADO PKWY SUITE 340 ESCONDIDO CA 92029 CHARITABLE TRUSTS CA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0