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South Coast Ventures Inc

EIN 04-3003172 · New Bedford, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak33 out of 100GovernanceStrong94 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SOUTHCOAST VENTURES PARTICIPATES IN PROGRAMS THAT PROVIDE FOR THE IMPROVEMENT OF ACCESS TO HEALTHCARE SERVICES WITHIN THE COMMUNITIES SERVED BY SOUTHCOAST HOSPITALS GROUP, INC. AND ITS AFFILIATED CORPORATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAX, INCLUDING IDENTIFYING AREAS OF PHYSICIAN SHORTAGES, PROVIDING SUPPORT FOR THE RECRUITMENT OF PHYSICIANS TO AREAS WHERE THERE IS A COMMUNITY NEED AND PROVIDING PRACTICE SUPPORT.

Income
$203,248
Spending
$297,051
Spent on programs
53%
Reserves
-70 months of spending
Largest source of income
fees for its services, 100%
Employees
0
Volunteers
12
Highest pay
$1.6 million, former president & ceo

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 33 out of 100. Higher than 11% of charities in its peer group (health care, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 39% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 46% of income.

  • Income trend

    15 of 15

    Income rose 52% on the year before.

  • Spending floor

    8 of 15

    53% of spending went to programs.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 94 out of 100. Higher than 81% of charities in its peer group (health care, under $250k).

  • Independent board

    25 of 25

    12 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. MRI JOINT VENTURE - JOINT VENTURE WITH SHIELD'S MRI PROVIDES PROMPT AND ACCURATE DIAGNOSIS AND TREATMENT FOR ITS NON-PROFIT AFFILIATE SOUTHCOAST HOSPITALS GROUP, INC.'S PATIENTS. MRI SERVICES ARE PROVIDED AROUND THE CLOCK TO MEET THE NEEDS OF SOUTHCOAST PATIENTS, THEREBY IMPROVING ACCESS TO HEALTHCARE SERVICES TO PATIENTS IN THE COMMUNITIES SERVED BY SHG.
  2. $156,199 spent. AFFILIATE RENTAL INCOME - SOUTHCOAST VENTURES RENTS OUT MEDICAL OFFICES TO NON-PROFIT AFFILIATE SOUTHCOAST HOSPITALS GROUP, INC. (SHG). THE RENTING OF THIS MEDICAL OFFICE BUILDING HAS ENABLED SHG TO EXPAND THEIR SERVICES AND OFFER PATIENTS IN THEIR AREAS INCREASED ACCESS TO HIGH QUALITY HEALTH CARE SERVICES.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1989.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.