2026-07-06T12:24:35-05:00 2025-12-31 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2025-01-01 460693359 UNITED HEALTH CENTERS FOUNDATION INC UNIT 5596466618 3875 WEST BEECHWOOD AVENUE FRESNO CA 93711 JUSTIN PREAS CEO 5596466618 2026-07-02 1 REGINA PRINCE CPA P00576936 2138731700 2025 2025-03-06 01:10:19Z X JUSTIN PREAS 3875 WEST BEECHWOOD AVENUE FRESNO CA 93711 0 0 X WWW.UNCIFSJV.ORG X 2009 CA THE UNITED HEALTH CENTERS FOUNDATION INC'S IS DEDICATED TO PROVIDING RESOURCES TO IMPROVE THE HEALTH AND QUALITY OF LIFE OF OUR COMMUNITIES. THE UHC FOUNDATION WAS ESTABLISHED TO SUPPORT COMMUNITY PROGRAMS THAT EXTEND BEYOND THE SCOPE OF PRIMARY HEALTH CARE SERVICES IN RURAL COMMUNITIES. 11 8 0 11 0 0 423961 611652 0 0 382017 702587 -162982 -4232191 642996 -2917952 0 40134 0 0 0 0 0 0 0 555526 483416 555526 523550 87470 -3441502 21616741 57757808 20987350 60569919 629391 -2812111 X UNITED HEALTH CENTERS FOUNDATION INC'S SPECIFIC PURPOSE IS TO PROVIDE TO AS WELL AS AS TO PROMOTE, SUPPORT, AND ENCOURAGE THE PROVISION OF HEALTH CARE SERVICES FOR UNDERSERVED INDIVIDUALS AND THEIR FAMILIES IN THE SAN JUAQUIN VALLEY AND TO SUPPORT THE UNITED HEALTH CENTERS OF THE SAN JOAQUIN VALLEY, INC., A FEDERALLY QUALIFIED HEALTH CENTER, AND ANY AND ALL RELATED ACTIVITIES. 0 0 413183 40134 THE UNITED HEALTH CARE (UHC) FOUNDATION, A SUPPORTING ORGANIZATION TO UNITED HEALTH CENTERS OF THE SAN JOAQUIN VALLEY, IS DEDICATED TO PROVIDING RESOURCES TO IMPROVE THE HEALTH AND QUALITY OF LIFE OF OUR COMMUNITIES. THE UHC FOUNDATION WAS ESTABLISHED TO SUPPORT COMMUNITY PROGRAMS THAT EXTEND BEYOND THE SCOPE OF PRIMARY HEALTH CARE SERVICES IN RURAL COMMUNITIES. THE UHC FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF THE UNITED HEALTH CENTERS OF THE SAN JOAQUIN VALLEY, A FEDERALLY QUALIFIED HEALTH CENTER, THAT SERVES A LARGELY MEDICALLY UNDERSERVED POPULATION IN THE CENTRAL SAN JOAQUIN VALLEY IN CALIFORNIA. 413183 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 8 0 0 1 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 CA X JESUS MALDONADO 5596466618 3875 WEST BEECHWOOD AVENUE FRESNO CA 93711 JUSTIN PREAS CEO/ BOARD SECRETARY 1.00 40.00 X X 0 944821 48915 NATHAN WILLIAMS BOARD PRESIDENT 1.00 0.00 X X 0 0 0 ERIN MELKONIAN BOARD VICE PRESIDENT 1.00 0.00 X X 0 0 0 DAVID PHILLIPS BOARD TREASURER 1.00 0.00 X X 0 0 0 CANDICE CLEM BOARD MEMBER 1.00 40.00 X 0 128358 42974 RICARDO VIVEROS BOARD MEMBER 1.00 40.00 X 0 213739 44718 JONATHAN TERRY BOARD MEMBER 1.00 0.00 X 0 0 0 MUEY TARVIN BOARD MEMBER 1.00 0.00 X 0 0 0 PEGGY SHOWALTER BOARD MEMBER 1.00 0.00 X 0 0 0 DARREN WADE BOARD MEMBER 1.00 0.00 X 0 0 0 DAWN LIGHTFOOT BOARD MEMBER 1.00 0.00 X 0 0 0 DR JACK SHANTZ BOARD CHAIR (UNTIL 02/20/25) 1.00 0.00 X X 0 0 0 JESUS MALDONADO CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 428656 28603 0 1715574 165210 0 0 1 0 0 X 466032 145620 611652 702587 702587 66200 466032 292945 -226745 -226745 MISCELLANEOUS INCOME 621999 13034 13034 NMTC DEBT EXTINGUISHMENT-(SEE SCH 621999 -4018480 -4018480 -4005446 -2917952 0 0 -3529604 40134 40134 6360 5087 1273 16665 10953 5712 4496 3597 899 2524 2019 505 429633 343706 85927 FUNDRAISING EVENTS EXPE 16857 2583 14274 SMALL TOOLS, EQUIPMENT 4867 3894 973 SUBSCRIPTIONS 1000 800 200 CREDIT CARD FEES 502 502 512 410 102 523550 413183 110367 0 365161 93317 184700 153958 1200 21060300 57501600 6580 7733 21616741 57757808 2912 11757155 9990162 9230195 50576845 20987350 60569919 X 629391 -2812111 629391 -2812111 21616741 57757808 -3441502 0 X 0 1 X 1 0 X X 1 UNITED HEALTH CENTERS OF THE SAN JOAQUIN VALLEY 941732538 7 1 413183 0 1 413183 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INTERCOMPANY PAYABLE 50576845 50576845 X 288221119 291730819 291730819 -3509700 591748 591748 -2917952 259695077 259763275 259763275 -68198 591748 591748 523550 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D AND IS GENERALLY NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS CLASSIFIED AS A PUBLIC CHARITY PURSUANT TO SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). US GAAP PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AND THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED RELATE TO THE ORGANIZATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE SUBSTANTIAL UNRELATED TRADE OR BUSINESS INCOME ACTIVITIES WHICH WOULD AFFECT CONTINUED TAX-EXEMPT STATUS OR PRODUCE MATERIAL INCOME TAX. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS, BASED ON THE TECHNICAL MERITS OF THE POSITION, WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION. THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ORGANIZATION'S INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION GENERALLY FOR THREE AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME OF SUPPORTED ORGANIZATION 291,437,874. FUNDRAISING EXPENSES 292,945. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATING ENTRIES 591,748. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF SUPPORTED ORGANIZATION 259,470,330. FUNDRAISING EXPENSES 292,945. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATING ENTRIES 591,748. GALA 312360 292360 20000 68635 31727 83264 GOLF TOURNAMENT 150478 128278 22200 7667 700 67418 1 69394 45394 24000 13999 956 4010 14569 532232 466032 66200 21666 69591 36437 165251 292945 -226745 1 CSU FRESNO 5241 N MAPLE AVENUE FRESNO CA 93740 946001341 40000 0 DR. SHANKERMAN SCHOLARSHIPS. 0 1 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. 0 0 0 0 0 0 0 0 0 JUSTIN PREAS CEO/ BOARD SECRETARY 0 759923 0 154041 0 30857 0 14201 0 34714 0 993736 0 0 JESUS MALDONADO CHIEF FINANCIAL OFFICER 0 379354 0 31200 0 18102 0 16536 0 12067 0 457259 0 0 RICARDO VIVEROS BOARD MEMBER 0 190901 0 15000 0 7838 0 9921 0 34797 0 258457 0 0 CANDICE CLEM BOARD MEMBER 0 120097 0 8105 0 156 0 6460 0 36514 0 171332 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS HAS A POLICY FOR REVIEWING AND APPROVING THE COMPENSATION PACKAGES OF THE CEO 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 PAGE 1 PART 1, LINE 1 THE ORGANIZATION HAS BEEN FORMED FOR CHARITABLE PURPOSES TO PROVIDE AS WELL AS TO PROMOTE, SUPPORT AND ENCOURAGE THE PROVISION OF HEALTH CARE AND EDUCATION TO UNDERSERVED INDIVIDUALS AND THEIR FAMILIES IN THE SAN JOAQUIN VALLEY AND TO RAISE MONEY FOR AND SUPPORT THE NONPROFIT PURPOSES OF THE MEMBER, A FEDERALLY QUALIFIED HEALTH CENTER. FORM 990, PART VI, SECTION A, LINE 4 THE UNITED HEALTH CENTERS FOUNDATION AMENDED ARTICLE 7, SECTION 1, PARAGRAPH 2 OF ITS BYLAWS, ORIGINALLY APPROVED ON APRIL 2, 2024, TO CLARIFY THE REQUIRED COMPOSITION OF THE BOARD OF DIRECTORS. THE REVISED LANGUAGE SPECIFIES THAT THE BOARD MUST INCLUDE: (1) ONE ACTIVE AND VOTING MEMBER OF THE MEMBER'S EXECUTIVE COMMITTEE, (2) THE MEMBER'S CHIEF EXECUTIVE OFFICER, WHO MAY ALSO SERVE AS AN OFFICER, AND (3) THE SENIOR-MOST DEVELOPMENT SPECIALIST OF THE MEMBER. THE AMENDMENT WAS UNANIMOUSLY APPROVED AND ADOPTED AT THE FEBRUARY 11, 2025 DIRECTORS' MEETING, WITH TWELVE (12) VOTES IN FAVOR, ZERO (0) OPPOSED, AND ONE (1) UNCAST VOTE DUE TO A VACANT OFFICER SEAT. THE VOTE WAS RECORDED UNDER AGENDA ITEM 4.4, "OFFICER ELECTION VICE CHAIR." THE CURRENT APPROVED BYLAWS ARE TITLED "FOUNDATION BUSINESS DOCUMENTS FINAL V3 FEB 2025." FORM 990, PART VI, SECTION B, LINE 11B UNITED HEALTH CENTERS FOUNDATION'S BOARD TREASURER REVIEWS THE FORM 990 FOR ACCURACY. SUBSEQUENTLY FORM 990, COMPLETE WITH ALL SCHEDULES, IS PROVIDED TO THE FULL BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 WHILE THE FOUNDATION'S BOARD HAS NOT OFFICIALLY ADOPTED A CONFLICT OF INTEREST POLICY, IT DOES FOLLOW THE POLICY OF ITS SUPPORTED ORGANIZATION, UNITED HEALTH CENTERS OF THE SAN JOAQUIN VALLEY. ALL FOUNDATION BOARD MEMBERS AND OFFICERS MUST REPORT ALL POTENTIAL OR ACTUAL CONFLICTS OF INTEREST. THE FOLLOWING POLICY STIPULATIONS MUST BE ADHERED TO BY THE FOUNDATION: POSSIBLE CONFLICTS OF INTEREST ARE DEFINED AS FOLLOWS: - PARTICIPATING IN CIVIC OR PROFESSIONAL ORGANIZATIONS THAT MIGHT INVOLVE DIVULGING CONFIDENTIAL INFORMATION OF PATIENTS OR THE HEALTH CENTER; - INITIATING OR APPROVING PERSONNEL ACTIONS AFFECTING REWARD OR PUNISHMENT OF STAFF MEMBERS OR APPLICANTS WHERE THERE IS A FAMILY RELATIONSHIP OR IS/APPEARS TO BE A PERSONAL OR SOCIAL INVOLVEMENT; - INVESTING OR HOLDING AN OWNERSHIP INTEREST OR OUTSIDE DIRECTORSHIP IN SUPPLIERS, CUSTOMERS, OR COMPETING COMPANIES, INCLUDING FINANCIAL SPECULATIONS, WHERE SUCH INVESTMENT OR DIRECTORSHIP MIGHT, IN ANY MANNER, INFLUENCE A DECISION OR COURSE OF ACTION OF THE HEALTH CENTER; - BORROWING FROM OR LENDING TO STAFF MEMBERS, CUSTOMERS OR SUPPLIERS; - ACQUIRING REAL ESTATE OF INTEREST TO THE HEALTH CENTER; - IMPROPERLY USING OR DISCLOSING TO THE HEALTH CENTER ANY PROPRIETARY INFORMATION OR TRADE SECRETS OF ANY FORMER OR CONCURRENT EMPLOYER OR OTHER PERSON OR ENTITY WITH WHOM OBLIGATIONS OF CONFIDENTIALITY EXIST; - UNLAWFULLY DISCUSSING PRICES, COSTS, CUSTOMERS, SALES OR MARKETS WITH COMPETING COMPANIES OR THEIR STAFF MEMBERS; - MAKING ANY UNLAWFUL AGREEMENT WITH DISTRIBUTORS, COMPETITORS OR CUSTOMERS WITH RESPECT TO PRICES, TERRITORIES, OR PRODUCTS; AND/OR - MAKING ANY UNLAWFUL AGREEMENT WITH OR PAYMENT TO ANY DOMESTIC OR FOREIGN GOVERNMENT OFFICIAL OR CORPORATE REPRESENTATIVE. ANY PERSONS INVOLVED IN ANY POTENTIAL CONFLICT OF INTEREST TRANSACTION ABSTAINS FROM THE DELIBERATION AND DECISION OF THE BOARD. 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT BE AVAILABLE TO THE PUBLIC. FORM 990 PAGE 9 PART VIII, LINE 3 INTEREST INCOME DERIVED FROM NEW MARKETS TAX CREDIT (NMTC) LEVERAGE LOANS TO INVESTMENT FUNDS SUPPORTING COMMUNITY HEALTH FACILITY DEVELOPMENT. FORM 990 PAGE 9 PART VIII, LINE 11B LOSS ON NMTC EXIT TRANSACTION DURING 2025, THE FOUNDATION PARTICIPATED IN THE UNWIND AND EXIT OF A NEW MARKETS TAX CREDIT ("NMTC") FINANCING STRUCTURE ORIGINALLY ENTERED INTO IN 2018 IN SUPPORT OF PROJECTS BENEFITING UNITED HEALTH CENTERS OF THE SAN JOAQUIN VALLEY ("UHC"), A RELATED ORGANIZATION AND THE FOUNDATION'S SUPPORTED ORGANIZATION UNDER IRC SECTION 509(A)(3) (SEE SCHEDULE R). IN CONNECTION WITH THE ORIGINAL NMTC TRANSACTION, THE FOUNDATION ADVANCED LEVERAGE LOANS TO AN NMTC INVESTMENT FUND ENTITY TOTALING $10,208,400. THE LEVERAGE LOANS WERE USED, TOGETHER WITH INVESTOR EQUITY CONTRIBUTIONS, TO FUND QUALIFIED EQUITY INVESTMENTS THROUGH COMMUNITY DEVELOPMENT ENTITIES UNDER THE NMTC PROGRAM. FOLLOWING THE EXPIRATION OF THE SEVEN-YEAR NMTC COMPLIANCE AND RECAPTURE PERIOD IN DECEMBER 2025, THE NMTC INVESTOR EXITED THE STRUCTURE PURSUANT TO THE RELATED REDEMPTION AND EXIT AGREEMENTS. AS PART OF THE UNWIND TRANSACTION, THE FOUNDATION PAID $1,000 TO ACQUIRE THE INVESTOR'S MEMBERSHIP INTEREST IN THE INVESTMENT FUND ENTITY. IN CONNECTION WITH THE OVERALL SETTLEMENT AND UNWIND OF THE NMTC STRUCTURE, THE FOUNDATION'S LEVERAGE LOAN RECEIVABLE WAS SETTLED AND DERECOGNIZED, AND THE RELATED NMTC FINANCING OBLIGATIONS OF UHC WERE EXTINGUISHED. ACCORDINGLY, THE FOUNDATION RECOGNIZED A REALIZED LOSS OF $4,018,480 DURING THE YEAR RELATED TO THE EXTINGUISHMENT AND SETTLEMENT OF THE NMTC LEVERAGE LOAN RECEIVABLE. THE AMOUNT IS REPORTED IN PART VIII, STATEMENT OF REVENUE, AS OTHER LOSS ASSOCIATED WITH THE NMTC EXIT TRANSACTION. THE TRANSACTION REPRESENTED A COMPLETED AND REALIZED EVENT DURING THE TAX YEAR AND DID NOT REPRESENT AN UNREALIZED INVESTMENT LOSS. AMENDED RETURN THE FOLLOWING PORTIONS OF FORM 990 HAVE BEEN AMENDED: SCHEDULE O PART VIII, LINE 11B SCHEDULE R PART V, ITEM 2(B) THIS RETURN IS BEING AMENDED TO INCLUDE A NARRATIVE EXPLANATION OF THE LOSS RECOGNIZED ON THE NEW MARKETS TAX CREDIT (NMTC) EXIT TRANSACTION, WHICH WAS INADVERTENTLY OMITTED FROM THE ORIGINALLY FILED RETURN. UNITED HEALTH CENTRS OF THE SAN JOAQUIN VALLEY 3875 WEST BEECHWOOD AVE FRESNO CA 93722 941732538 SUPPORTED ORGANIZATION OF UNITED HEALTH CENTERS FOUNDATION INC. CA 501(C)(3) LINE 7 N/A 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 UNITED HEALTH CENTERS OF THE SAN JOAQUIN VALLEY E 41346650 FINANCIAL ACCOUNTING RECORDS UNITED HEALTH CENTERS OF THE SAN JOAQUIN VALLEY E 10208400 FINANCIAL ACCOUNTING RECORDS SCHEDULE R, PART V, ITEM 2, (2): RELATED-PARTY FINANCING UNWIND TRANSACTION BENEFITING THE FOUNDATION'S SUPPORTED ORGANIZATION, UNITED HEALTH CENTERS OF THE SAN JOAQUIN VALLEY. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.