2026-07-30T11:24:28-05:00 2025-12-31 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2025-01-01 332186625 MEDCYCLE NETWORK INC MEDC 5109821954 3145 GEARY BLVD 717 SAN FRANCISCO CA 94118 ERIC TALBERT CEO 5109821954 2026-07-29 1 REGINA PRINCE CPA P00576936 2138731700 2025 2025-03-06 01:10:19Z ERIC TALBERT 3145 GEARY BLVD 717 SAN FRANCISCO CA 94118 1957488 0 X WWW.MEDCYCLENETWORK.ORG X 2024 CA MEDYCLE NETWORK INC.'S MISSION IS TO FACILITATE THE COLLECTION OF DONATED, HIGH-QUALITY SURPLUS MEDICAL SUPPLIES AND EQUIPMENT SO THEY CAN BE DISTRIBUTED TO LOCAL SAFETY NET CLINICS. 10 10 2 25 0 0 263619 1957390 0 0 0 0 0 98 263619 1957488 0 1847754 0 0 33500 405548 0 0 79746 328917 133299 362417 2386601 -98798 -429113 575887 110466 36308 0 539579 110466 X MEDCYCLE NETWORK INC., MISSION IS TO DIVERT EXCESS MEDICAL SUPPLIES AND EQUIPMENT FROM LANDFILLS, REDEPLOYING AND ALLOCATING MEDICAL SUPPLIES AND EQUIPMENT TO COMMUNITIES AND ORGANIZATIONS IN NEED OF SUCH SUPPLIES, AND TO CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH THESE PURPOSES AS ALLOWED BY LAW. 0 0 2250551 1847754 REDISTRIBUTION OF SURPLUS MEDICAL SUPPLIES AND EQUIPMENTTHE ORGANIZATION'S ACTIVITIES CONSIST PRIMARILY OF SOURCING, STORING, AND DISTRIBUTING DONATED MEDICAL SUPPLIES AND EQUIPMENT TO UNDERSERVED COMMUNITIES. THESE EFFORTS ARE INTENDED TO REDUCE WASTE IN THE HEALTHCARE SYSTEM WHILE SUPPORTING PROVIDERS THAT SERVE LOW-INCOME AND VULNERABLE POPULATIONS. DURING 2025, THE ORGANIZATION'S OPERATIONS WERE CONCENTRATED WITHIN THE SAN FRANCISCO BAY AREA. THE TOTAL NUMBER OF RECIPIENTS WAS 15 ORGANIZATIONS. 2250551 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X ERIC TALBERT 5109821954 3145 GEARY BLVD 717 SAN FRANCISCO CA 94118 ANDY PINES PRESIDENT/BOARD CHAIR 1.00 X X 0 0 0 MARY BERSOT TREASURER/DIRECTOR 1.00 X X 0 0 0 ERIC BERZON DIRECTOR 1.00 X 0 0 0 DR DOUG GREY DIRECTOR 1.00 X 0 0 0 DR PAUL HOFMANN DIRECTOR 1.00 X 0 0 0 KATHRYN E JOHNSON DIRECTOR 1.00 X 0 0 0 DR MARY PITTMAN DIRECTOR 1.00 X 0 0 0 DR BILL SCHECTER DIRECTOR 1.00 X 0 0 0 A B SHORT DIRECTOR 1.00 X 0 0 0 PD SHRADER SECRETARY/DIRECTOR 1.00 X X 0 0 0 ERIC TALBERT CEO 40.00 X 233500 0 0 ERNESTO OLIVARES COO 40.00 X 180000 0 0 413500 0 0 2 0 1 0 0 20000 1937390 1450822 1957390 CREDIT CARD REWARDS 624100 98 98 98 1957488 0 0 98 X 1847754 1847754 379197 291415 28933 58849 26351 20251 2010 4090 10000 10000 66920 66603 289 28 4813 4813 2453 2453 561 561 259 259 1859 1859 29694 22820 2266 4608 FISCAL SPONSOR FEES 11826 11826 WORKERS COMPENSATION 2223 1708 170 345 OTHER BUSINESS EXPENSES 1322 1322 REIMBURSABLE EXPENSES 697 697 672 672 2386601 2250551 56304 79746 135007 15356 50000 440880 45110 575887 110466 36308 36308 0 X 539579 90466 20000 539579 110466 575887 110466 -429113 0 X 0 1 X 1 0 X 704499 1957390 2661889 704499 1957390 2661889 66760 2595129 98 98 2661987 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2037138 79650 79650 1957488 0 1957488 2466251 79650 79650 2386601 0 2386601 PART X, LINE 2: MEDCYCLE NETWORK, INC. IS RECOGNIZED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION IS FURTHER CLASSIFIED AS A PUBLIC CHARITY UNDER IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(III). ACCORDINGLY, THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME DERIVED FROM ACTIVITIES SUBSTANTIALLY RELATED TO ITS EXEMPT PURPOSES. AS SUCH, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. TO MAINTAIN ITS TAX-EXEMPT STATUS, THE ORGANIZATION MUST CONTINUE TO SATISFY THE ORGANIZATIONAL AND OPERATIONAL REQUIREMENTS OF IRC SECTION 501(C)(3), INCLUDING OPERATING EXCLUSIVELY FOR CHARITABLE PURPOSES, REFRAINING FROM PROHIBITED POLITICAL OR LOBBYING ACTIVITIES, AND ENSURING THAT ITS RESOURCES ARE USED TO FURTHER ITS EXEMPT PURPOSES. MANAGEMENT MONITORS THE ORGANIZATION'S ACTIVITIES AND FINANCIAL OPERATIONS AND BELIEVES THAT IT CONTINUES TO MEET ALL APPLICABLE CONDITIONS NECESSARY TO MAINTAIN ITS FEDERAL AND STATE TAX-EXEMPT STATUS. NOTWITHSTANDING ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET INCOME GENERATED FROM ACTIVITIES THAT CONSTITUTE UNRELATED BUSINESS TAXABLE INCOME ("UBTI") UNDER IRC SECTIONS 511514. MANAGEMENT HAS EVALUATED ALL SIGNIFICANT REVENUE STREAMS AND ASSESSED THE POTENTIAL FOR UBTI. BASED ON THIS EVALUATION, MANAGEMENT HAS CONCLUDED THAT ANY UBTI, IF PRESENT, WOULD NOT RESULT IN A LIABILITY MATERIAL TO THE ACCOMPANYING FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION FOR UBTI HAS BEEN RECORDED. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ASC TOPIC 740, INCOME TAXES (ASC 740). ASC 740 REQUIRES THAT A TAX POSITION BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY WHEN IT IS MORE-LIKELY-THAN-NOT, BASED ON ITS TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITIES. TAX POSITIONS THAT DO NOT MEET THIS THRESHOLD ARE CONSIDERED UNCERTAIN TAX POSITIONS AND WOULD GIVE RISE TO A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, WHICH REPRESENTS THE POTENTIAL AMOUNT OF TAX BENEFIT THAT COULD BE DISALLOWED. MANAGEMENT HAS REVIEWED ALL SIGNIFICANT TAX POSITIONS, INCLUDING THE ORGANIZATION'S ONGOING QUALIFICATION FOR TAX-EXEMPT STATUS, COMPLIANCE WITH THE OPERATIONAL AND ORGANIZATIONAL REQUIREMENTS OF IRC SECTION 501(C)(3), AND THE POTENTIAL FOR UNRELATED BUSINESS INCOME. BASED ON THIS REVIEW, MANAGEMENT HAS CONCLUDED THAT IT IS MORE-LIKELY-THAN-NOT THAT ALL MATERIAL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN RECORDED, AND NO INTEREST OR PENALTIES HAVE BEEN ACCRUED, AS MANAGEMENT BELIEVES ANY SUCH AMOUNTS WOULD NOT BE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL INFORMATION RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS FROM THE DATE OF FILING, AND ITS STATE INFORMATION RETURNS REMAIN SUBJECT TO EXAMINATION BY CALIFORNIA TAXING AUTHORITIES FOR FOUR YEARS FROM THE DATE OF FILING. MANAGEMENT IS NOT AWARE OF ANY ONGOING OR PROPOSED EXAMINATIONS FOR PERIODS STILL OPEN UNDER THE APPLICABLE STATUTE OF LIMITATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND LEGAL SERVICES 48,609. IN-KIND SHIPPING SERVICES 31,041. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND LEGAL SERVICES 48,609. IN-KIND SHIPPING SERVICES 31,041. 1 MATTER360 7005 OXFORD STREET ST LOUIS PARK MN 55426 371441658 501(C)(3) 0 1587017 COMPARABLE MARKET VALUE MEDICAL SUPPLIES TO PROVIDE MEDICAL SUPPLIES TO UNDERSERVED COMMUNITIES MARIN COMMUNITY CLINICS 9 COMMERCIAL BLVD NOVATO CA 94949 942237120 501(C)(3) 0 23050 COMPARABLE MARKET VALUE MEDICAL SUPPLIES TO PROVIDE MEDICAL SUPPLIES TO UNDERSERVED COMMUNITIES ROOTS COMMUNITY HEALTH CENTER 1811 S 7TH STREET SAN JOSE CA 95112 262583954 501(C)(3) 0 20109 COMPARABLE MARKET VALUE MEDICAL SUPPLIES TO PROVIDE MEDICAL SUPPLIES TO UNDERSERVED COMMUNITIES AXIS COMMUNITY HEALTH INC 5925 W LAS POSITAS BLVD SUITE 10 PLEASANTON CA 94588 942232394 501(C)(3) 0 13399 COMPARABLE MARKET VALUE MEDICAL SUPPLIES TO PROVIDE MEDICAL SUPPLIES TO UNDERSERVED COMMUNITIES SAN FRANCISCO FREE CLINIC 4900 CALIFORNIA STREET SAN FRANCISCO CA 94118 943186248 501(C)(3) 0 11000 COMPARABLE MARKET VALUE MEDICAL SUPPLIES TO PROVIDE MEDICAL SUPPLIES TO UNDERSERVED COMMUNITIES THE JEWISH HOME AND SENIOR LIVING FOUNDATION 302 SILVER AVENUE SAN FRANCISCO CA 94112 020724278 501(C)(3) 0 5077 COMPARABLE MARKET VALUE MEDICAL SUPPLIES TO PROVIDE MEDICAL SUPPLIES TO UNDERSERVED COMMUNITIES 6 PART I, LINE 2: THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U. S. INCLUDE OBTAINING REPORTS THAT SUPPORT THE BUDGETED AMOUNTS SUBMITTED WITH THE GRANT REQUEST ARE SPENT ACCORDINGLY. FINANCIAL REPORTS ARE PERIODICALLY OBTAINED TO SUPPORT THE GRANT EXPENDITURES ARE CONSISTENT WITH THE WRITTEN AGREEMENT. X X X 0 0 0 0 0 0 0 0 1 1 ERIC TALBERT CEO 233500 0 0 0 0 0 0 0 0 0 233500 0 0 0 ERNESTO OLIVARES COO 180000 0 0 0 0 0 0 0 0 0 180000 0 0 0 PART I, LINE 8 COMPENSATION REPORTED ON FORM 990, PART VII INCLUDES AMOUNTS PAID PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT WITH THE INCOMING CHIEF EXECUTIVE OFFICER. THE CONTRACT QUALIFIES FOR THE INITIAL CONTRACT EXCEPTION UNDER TREASURY REGULATION 53.4958-4(A)(3) BECAUSE THE INDIVIDUAL WAS NOT A DISQUALIFIED PERSON AT THE TIME THE CONTRACT WAS EXECUTED. X 13 1450822 COMPARABLE MKT VALUE 0 1 0 PART I COLUMN B THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B), THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B MEDCYCLE NETWORK, INC.'S CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICER REVIEW FORM 990 FOR ACCURACY AND COMPLETENESS. THE COMPLETED FORM 990 IS PROVIDED TO AND REVIEWED WITH THE FULL GOVERNING BODY PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE COVERED PERSON UNDER MEDCYCLE NETWORK, INC.'S CONFLICT OF INTEREST POLICY. MEDCYCLE NETWORK, INC.'S CONFLICT OF INTEREST POLICY REQUIRES DIRECTORS, OFFICERS, MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS, AND KEY EMPLOYEES WITH A DIRECT OR INDIRECT FINANCIAL INTEREST TO DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS REGARDING ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE BOARD OR APPLICABLE COMMITTEE. THE INTERESTED PERSON IS EXCLUDED FROM THE DISCUSSION AND VOTE REGARDING WHETHER A CONFLICT EXISTS AND ANY RELATED TRANSACTION. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE INTERESTED PERSON MAY PROVIDE INFORMATION REGARDING THE PROPOSED TRANSACTION BUT MUST RECUSE THEMSELVES FROM FURTHER DISCUSSION AND VOTING. THE BOARD OR COMMITTEE MAY EVALUATE ALTERNATIVE ARRANGEMENTS AND MUST DETERMINE WHETHER THE PROPOSED TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTEREST OF THE CORPORATION. THE POLICY ALSO REQUIRES APPROPRIATE CORRECTIVE OR DISCIPLINARY ACTION IF AN INTERESTED PERSON FAILS TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS A POLICY FOR REVIEWING AND APPROVING THE COMPENSATION PACKAGE OF THE CHIEF EXECUTIVE OFFICER AND OTHER KEY EMPLOYEES ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE POLICY PROVIDES THAT THE REVIEW AND APPROVAL OF THE COMPENSATION ARRANGEMENT WILL BE CONDUCTED, IN ADVANCE, BY INDEPENDENT AND IMPARTIAL MEMBERS OF THE BOARD (OR A COMMITTEE OF THE BOARD). THE BOARD REVIEWS COMPARABLE COMPENSATION DATA FOR COMPARABLE SERVICES, COMPARABLE ENTERPRISES (BY BUDGET, REVENUES, NUMBER OF EMPLOYEES, PERSONS SERVED, AND MISSION), COMPARABLE CIRCUMSTANCES (GEOGRAPHIC LOCATION AND ECONOMIC CONDITIONS/COST OF LIVING), AND OTHER FACTORS SUCH AS WHETHER THE PERSON MANAGES MULTIPLE FUNCTIONS OR DEPARTMENTS, THE EMPLOYEE'S DUTIES AND PAST PERFORMANCE HISTORY, AND THE EMPLOYEE'S BACKGROUND, SKILLS, EDUCATION, AND EXPERIENCE. THE BOARD MAY ALSO REVIEW CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS AND CONSIDER RECENT WRITTEN OFFERS FROM SIMILAR ORGANIZATIONS COMPETING FOR THE COVERED INDIVIDUAL'S SERVICES. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABILITY DATA AND HOW IT WAS OBTAINED AND RELIED UPON INCLUDING THE RECOMMENDATIONS RECEIVED FROM THIRD-PARTY CONSULTANTS, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST. HOWEVER, CURRENT TAX LAW DOES NOT REQUIRE THESE DOCUMENTS BE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G PAYROLL FEES: PROGRAM SERVICE EXPENSES 140. MANAGEMENT AND GENERAL EXPENSES 14. FUNDRAISING EXPENSES 28. TOTAL EXPENSES 182. CONTRACTORS: PROGRAM SERVICE EXPENSES 66,463. MANAGEMENT AND GENERAL EXPENSES 275. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,738.