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Masimo Foundation For Ethics Innovation & Competition In Health

  • Irvine, CA
  • Tax-exempt since Sept. 2010
  • EIN: 01-0956020

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.84M (2024)

Expenses
$2.87M (2024)

Total Assets
$934k (2024)

Total Liabilities
$117k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,837,037
Expenses
$2,865,743
Net Income
-$1,028,706
Net Assets
$816,976
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,800,000
98.0%
Interest Revenue $46
0.0%
Dividends $36,991
2.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,408,473
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $933,702
Total Liabilities $116,726
Net Assets $816,976
Compensation
Key Employees and Officers Compensation Other
Joe Kiani (Chairman) $0 $0
Frederick Harris (Director) $0 $0
Sarah Kiani (Director) $0 $0
Steve Jensen (Director) $0 $0
Tom Mcclenahan (Secretary) $0 $0
Micah Young (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Sept. 10, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending March
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,050,530
Expenses
$1,849,961
Net Income
-$799,431
Net Assets
$1,845,586
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
95.2%
Interest Revenue $43
0.0%
Dividends $50,487
4.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,471,251
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,498,606
Total Liabilities $653,020
Net Assets $1,845,586
Compensation
Key Employees and Officers Compensation Other
Joe Kiani (Chairman) $0 $0
Frederick Harris (Director) $0 $0
Sarah Kiani (Director) $0 $0
Steve Jensen (Director) $0 $0
Tom Mcclenahan (Secretary) $0 $0
Micah Young (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending March
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,000,471
Expenses
$3,032,214
Net Income
-$2,031,743
Net Assets
$2,644,754
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,100
100.0%
Interest Revenue $1,351
0.1%
Dividends $0
Sales of Assets -$980
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,440,178
80.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,919,226
Total Liabilities $1,274,472
Net Assets $2,644,754
Compensation
Key Employees and Officers Compensation Other
Joe Kiani (Chairman) $0 $0
Frederick Harris (Director) $0 $0
Sarah Kiani (Director) $0 $0
Steve Jensen (Director) $0 $0
Mary Kiani (Director (Left Oct 2021)) $0 $0
Tom Mcclenahan (Secretary) $0 $0
Micah Young (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending March
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$1,320,400
Expenses
$2,685,421
Net Income
-$4,005,821
Net Assets
$4,677,631
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200
Interest Revenue $19,081
Dividends $0
Sales of Assets -$1,339,681
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,569,047
95.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,270,539
Total Liabilities $592,908
Net Assets $4,677,631
Compensation
Key Employees and Officers Compensation Other
Joe Kiani (Chairman) $0 $0
Frederick Harris (Director) $0 $0
Sarah Kiani (Director) $0 $0
Steve Jensen (Director) $0 $0
Mary Kiani (Director) $0 $0
Tom Mcclenahan (Secretary) $0 $0
Micah Young (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 5, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending March
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,603,218
Expenses
$2,880,089
Net Income
-$276,871
Net Assets
$7,359,328
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,500,000
96.0%
Interest Revenue $102,341
3.9%
Dividends $0
Sales of Assets $616
0.0%
Other Income $261
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,598,707
90.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,834,175
Total Liabilities $474,847
Net Assets $7,359,328
Compensation
Key Employees and Officers Compensation Other
Joe Kiani (Chairman) $0 $0
Frederick Harris (Director) $0 $0
Sarah Kiani (Director) $0 $0
Steve Jensen (Director) $0 $0
Mary Kiani (Director) $0 $0
David Van Ramshorst Left Oct 9 2019 (Asst Secretary And Treasur) $0 $0
Tom Mcclenahan (See Statement) $0 $0
Micah Young (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending March
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,360,645
Expenses
$2,120,386
Net Income
$240,259
Net Assets
$7,764,484
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,000,495
84.7%
Interest Revenue $88,242
3.7%
Dividends $80,448
3.4%
Sales of Assets $191,460
8.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,780,506
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,957,949
Total Liabilities $193,465
Net Assets $7,764,484
Compensation
Key Employees and Officers Compensation Other
Joe Kiani (Chairman) $0 $0
Frederick Harris (Director) $0 $0
Sarah Kiani (Director) $0 $0
Steve Jensen (Director) $0 $0
Mary Kiani (Director) $0 $0
David Van Ramshorst (Asst Secretary And Treasur) $0 $0
Tom Mcclenahan (See Statement) $0 $0
Micah Young Start June 2018 (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 12, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending March
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$222,893
Expenses
$3,340,161
Net Income
-$3,117,268
Net Assets
$8,929,338
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $120,521
54.1%
Sales of Assets $102,372
45.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,778,275
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,717,504
Total Liabilities $788,166
Net Assets $8,929,338
Compensation
Key Employees and Officers Compensation Other
Joe Kiani (Chairman) $0 $0
Frederick Harris (Director) $0 $0
Sarah Kiani (Director) $0 $0
Mark De Raad Left Sept 2017 (Secretary & Treasurer) $0 $0
Steve Jensen (Director) $0 $0
Mary Kiani (Director) $0 $0
David Van Ramshorst (Asst Secretary And Treasur) $0 $0
Tom Mcclenahan Start Sept 2017 (Secretary & Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 7, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending March
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,231,710
Expenses
$3,504,571
Net Income
$6,727,139
Net Assets
$12,100,313
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,100,000
98.7%
Interest Revenue $0
Dividends $44,731
0.4%
Sales of Assets $84,928
0.8%
Other Income $2,051
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,035,632
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,362,086
Total Liabilities $1,261,773
Net Assets $12,100,313
Compensation
Key Employees and Officers Compensation Other
Joe Kiani (Chairman) $0 $0
James Bergman Left March 2017 (Director) $0 $0
Frederick Harris (Director) $0 $0
Sarah Kiani (Director) $0 $0
Mark De Raad (Secretary & Treasurer) $0 $0
Steve Jensen (Director) $0 $0
Mary Kiani (Director) $0 $0
David Van Ramshorst Start Nov 2016 (Asst Secretary And Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Jan. 24, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending March
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,469,747
Expenses
$3,472,843
Net Income
$2,996,904
Net Assets
$5,267,360
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,250,100
96.6%
Interest Revenue $8
0.0%
Dividends $76,657
1.2%
Sales of Assets $142,982
2.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,032,981
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,076,041
Total Liabilities $1,808,681
Net Assets $5,267,360
Compensation
Key Employees and Officers Compensation Other
Joe Kiani (Chairman) $0 $0
James Bergman (Director) $0 $0
Frederick Harris (Director) $0 $0
Sarah Kiani (Director) $0 $0
Mark De Raad (Secretary & Treasurer) $0 $0
Steve Jensen (Director) $0 $0
Mary Kiani (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Jan. 9, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending March
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,100,531
Expenses
$4,117,913
Net Income
-$1,017,382
Net Assets
$2,456,932
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,800,000
90.3%
Interest Revenue $1,575
0.1%
Dividends $102,107
3.3%
Sales of Assets $196,043
6.3%
Other Income $806
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,330,021
56.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,855,466
Total Liabilities $2,398,534
Net Assets $2,456,932

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$419,803
Expenses
$2,552,574
Net Income
-$2,132,771
Net Assets
$3,337,652
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $300
0.1%
Interest Revenue $0
Dividends $139,395
33.2%
Sales of Assets $280,108
66.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,755,497
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,215,402
Total Liabilities $877,750
Net Assets $3,337,652

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending March
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$715,866
Expenses
$2,563,963
Net Income
-$1,848,097
Net Assets
$5,380,358
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,100
0.2%
Interest Revenue $3,958
0.6%
Dividends $130,664
18.3%
Sales of Assets $326,655
45.6%
Other Income $253,489
35.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,382,670
53.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,588,688
Total Liabilities $1,208,330
Net Assets $5,380,358

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$259,478
Expenses
$3,660,226
Net Income
-$3,400,748
Net Assets
$6,915,659
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $235,039
90.6%
Interest Revenue $24,439
9.4%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,424,496
66.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,275,659
Total Liabilities $1,360,000
Net Assets $6,915,659

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,410,105
Expenses
$1,093,698
Net Income
$10,316,407
Net Assets
$10,316,407
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $11,373,606
99.7%
Interest Revenue $36,499
0.3%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $968,698
88.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,441,407
Total Liabilities $125,000
Net Assets $10,316,407

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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