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Foundcare

West Palm Beach, FL · EIN 54-2083748 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Foundcare reported $56.8 million in revenue and $55.0 million in expenses for calendar year 2024. Of every $100 it spent, $98.14 went to program services, $1.86 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 72.9% of the total. Government grants made up 13.6%. The highest compensation it reported for one person was $563,741 (MEDICAL DIRECTOR). 23 people received more than $100,000 in reportable compensation. Revenue rose 87% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $55M

For context, the median across 314 covered diseases, disorders & medical disciplines charities: $88.73 programs, $10.89 management, $0.38 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $57M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 314 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
98.1%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
1.9%10.6%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.4%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.03
Contributions & grants share of revenue
Part VIII 1h ÷ 12
26.8%24.7%
Government grants share of revenue
Part VIII 1e ÷ 12
13.6%0.6%
Program service revenue share
Part VIII 2g ÷ 12
72.9%59.5%
Highest reported compensation
Part VII-A, columns D–F
$563,741$391,657
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.03%1.45%
People paid over $100,000
Part VII, line 2
2310
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
9.97.6
Independent voting board members
Part VI 1a–1b
12 of 12100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$47M expenses · 87.8% of program spending · grants $2.1M · revenue $41M

Provide quality primary and preventative care to more than 29,532 insured, uninsured and underinsured adults and children regardless of their ability to pay

$4.8M expenses · 8.9% of program spending · grants $1.2M

Provide medical and non-medical case management services including eligibility/referral for mental health services; substance abuse services; treatment adherence counseling; home health care services; emergency financial services assistance; food services; housing assistance; medical/insurance premium payments; and medical transportation to approximately 45,482 clients

$1.8M expenses · 3.3% of program spending

Provide education/outreach to local communities and community based organizations in the prevention of HIV/AIDS to over 73,600 individuals

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
MEDICAL DIRECTOR
Highest compensated employee, 30.00 hrs/week
$546,000$0$17,741$563,741
DIRECTOR OF PSYCHIATRY
Highest compensated employee, 40.00 hrs/week
$414,751$0$0$414,751
CHIEF EXECUTIVE OFFICER
Officer, 40.00 hrs/week
$342,127$0$15,280$357,407
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$254,273$0$29,586$283,859
CHIEF OPERATING OFFICER
Officer, 40.00 hrs/week
$254,677$0$28,299$282,976
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$251,878$0$29,745$281,623
CHIEF MEDICAL OFFICER
Officer, 40.00 hrs/week
$263,760$0$7,270$271,030
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$257,563$0$7,283$264,846

23 people received more than $100,000 in reportable compensation from Foundcare (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80M201920202021202220232024$57M$55M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$57M$55M98.1%$45M$563,741
2023 ⓘ$52M$49M97.9%$43M$601,281
2022 ⓘ$48M$41M97.1%$39M$658,781
2021 ⓘ$41M$35M97.6%$32M$597,814
2020 ⓘ$36M$29M88.7%$26M$581,898
2019 ⓘ$30M$25M88.6%$19M$560,545

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5329
  • Volunteers Part I, line 61

Private foundation grants it received

9 private foundations reported grants to Foundcare totaling $146K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Foundcare's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Foundcare, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All diseases, disorders & medical disciplines charities · Largest charities in Florida

Questions people ask

How much of Foundcare's spending goes to programs?

In calendar year 2024, Foundcare reported that 98.1% of its $55.0 million in expenses went to program services, 1.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Foundcare pay its top executive?

The largest total compensation Foundcare reported for one person in calendar year 2024 was $563,741, for the role of MEDICAL DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Foundcare get its money?

Of $56.8 million in revenue in calendar year 2024, 26.8% came from contributions and grants (including 13.6% from government grants) and 72.9% from program service revenue (Form 990, Part VIII).

Is Foundcare a registered charity?

The IRS lists EIN 54-2083748 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202512679349302056 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202433139349302178 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202332359349301573 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213469349300216 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202122889349300037 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202002329349301310 · read the filing

All filings for EIN 54-2083748: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.