Nonprofit · EIN 26-2974477
FUTURE MED LA FOUNDATION
Tax-exempt · LOS ANGELES, CA 90017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ (amended) | $18,943 | $120,573 | -$101,630 | $167,503 | $42,574 | $124,929 |
| December 31, 2023 | 990 | $217,183 | $118,559 | $98,624 | $266,053 | $39,494 | $226,559 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,943
Expenses
- Grants and similar amounts paid
- $40,400
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,521
- Other expenses
- $77,652
- Program services (functional)
- $120,573
Balance sheet and other
- Total assets, start of year
- $266,053
- Total assets, end of year
- $167,503
- Total liabilities, end of year
- $42,574
- Net assets, end of year
- $124,929
- Cash, savings and investments
- $152,318
- Gross receipts
- $18,943
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GUSTAVO FRIEDERICHSEN | CHIEF EXECUTIVE OFFICER | 0 | $0 |
| DR TROY ELANDER | BOARD CHAIRMAN | 0.5 | $0 |
| ELIZABETH KURIHARA | SECRETARY | 0.5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GUSTAVO FRIEDERICHSEN | CHIEF EXECUTIVE OFFICER Officer | 0 | $0 | $411,413 | $35,329 |
| DR TROY ELANDER | BOARD CHAIRMAN Trustee or director | 0.5 | $0 | $0 | $0 |
| ELIZABETH KURIHARA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 801 S GRAND AVE STE 425, LOS ANGELES, CA 90017-4676
- In care of
- % DOMINICK V SPATAFORA
- Signed the 990-EZ
- GUSTAVO FRIEDERICHSEN, CHIEF EXECUTIVE OFFICER
- Phone
- (213) 683-9900
- Return prepared by
- GILBERT CPAS
California records
California keeps its own records of charities and corporations. Search them by EIN 26-2974477 or by the name FUTURE MED LA FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO ENHANCE THE PROFESSIONALISM AND CLINICAL AUTONOMY OF PHYSICIANS SOTHEY MAY BEST ADVOCATE FOR THEIR PATIENTS AND THE HEALTH OF THE COMMUNITY OF LOS ANGELES.
Program accomplishments
- TO ENHANCE THE PROFESSIONALISM AND CLINICAL AUTONOMY OF PHYSICIANS SO THEY MAY BEST ADVOCATE FOR THEIR PATIENTS AND THE HEALTH OF THE COMMUNITY OF LOS ANGELES.Expenses $120,573 · grants $40,400
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2974477
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Health care (E80)
- Assets (IRS master file)
- $167,503
- Income (IRS master file)
- $18,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $18,943 | $120,573 | $167,503 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $217,183 | $118,559 | $266,053 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2974477).
Questions about FUTURE MED LA FOUNDATION
- What is the EIN of FUTURE MED LA FOUNDATION?
- The employer identification number (EIN) of FUTURE MED LA FOUNDATION is 26-2974477.
- Is FUTURE MED LA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to FUTURE MED LA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUTURE MED LA FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FUTURE MED LA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUTURE MED LA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of FUTURE MED LA FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FUTURE MED LA FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $18,943, expenses of $120,573 and total assets of $167,503 at year end.
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