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Nonprofiteer
← TEXAS MEDICAL ASSOCIATION FOUNDATION

Form 990 for tax year 2023

Filed by TEXAS MEDICAL ASSOCIATION FOUNDATION.

Totals

Total revenue
$1,382,896
Total expenses
$1,419,861
Contributions and grants received
$830,905
Grants paid
$662,232
Program service revenue
$0
Investment income
$467,831
Other revenue
$84,160
Total assets, end of year
$15,515,383
Total liabilities, end of year
$318,517
Net assets or fund balances, end of year
$15,196,866
Program services expenses (Part IX)
$797,354
Management and general expenses
$389,796
Fundraising expenses
$232,711
Program service expenses (Part III)
$797,354

Program services were 56.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $182,630

  • 1d · Related organizations

    $223,654

  • 1f · All other contributions, gifts and grants

    $424,621

  • 1g · Noncash contributions included above

    $23,221

  • 3 · Investment income

    total $376,109 · excluded $376,109

  • 7a · Gross sales of assets other than inventory

    securities $1,929,293

  • 7b · Less cost or other basis and sales expenses

    securities $1,837,571

  • 7c · Gain or loss

    securities $91,722

  • 7d · Net gain or loss

    total $91,722 · excluded $91,722

  • 8a · Fundraising events: gross income

    $253,216

  • 8a · Fundraising events: contributions included on line 1c

    $182,630

  • 8b · Fundraising events: direct expenses

    $207,070

  • 8c · Net income from fundraising events

    total $46,146 · excluded $46,146

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $37,093 · related or exempt $37,093

  • 11b · Other revenue: PAINTING SALES

    total $921 · related or exempt $921

  • 11e · Other revenue, total

    $38,014

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $662,232 · program services $662,232

  • 5 · Compensation of officers, directors and key employees

    total $175,114 · program services $43,779 · management and general $52,534 · fundraising $78,801

  • 7 · Other salaries and wages

    total $198,161 · program services $60,891 · management and general $34,048 · fundraising $103,222

  • 8 · Pension plan contributions

    total $16,996 · program services $4,807 · management and general $3,904 · fundraising $8,285

  • 9 · Other employee benefits

    total $30,018 · program services $8,489 · management and general $6,896 · fundraising $14,633

  • 10 · Payroll taxes

    total $26,795 · program services $7,578 · management and general $6,155 · fundraising $13,062

  • 11a · Fees: management

    total $80,000 · management and general $80,000

  • 11c · Fees: accounting

    total $15,750 · management and general $15,750

  • 11f · Fees: investment management

    total $40,793 · management and general $40,793

  • 11g · Fees: other

    total $32,893 · management and general $32,893

  • 12 · Advertising and promotion

    total $6,208 · program services $539 · fundraising $5,669

  • 13 · Office expenses

    total $39,874 · management and general $39,874

  • 14 · Information technology

    total $27,117 · program services $9,039 · management and general $9,039 · fundraising $9,039

  • 16 · Occupancy

    total $52,413 · management and general $52,413

  • 17 · Travel

    total $12,090 · management and general $12,090

  • 19 · Conferences, conventions and meetings

    total $3,407 · management and general $3,407

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $373,571 · end of year $290,939

  • 4 · Accounts receivable

    beginning of year $36,150 · end of year $24,797

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,421 · end of year $7,449

  • 11 · Investments: publicly traded securities

    beginning of year $13,627,059 · end of year $15,192,198

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,850 · end of year $25,355

  • 18 · Grants payable

    beginning of year $212,194 · end of year $214,372

  • 19 · Deferred revenue

    beginning of year $108,750 · end of year $78,790

  • 27 · Net assets without donor restrictions

    beginning of year $3,101,297 · end of year $3,634,865

  • 28 · Net assets with donor restrictions

    beginning of year $10,590,110 · end of year $11,562,001

Mission and programs · 2023

Mission

THE FOUNDATION PROVIDES FOR PUBLIC HEALTH, MEDICAL, AND EDUCATIONAL PROGRAMS.

  • DIVERSITY AND MEDICINE SCHOLARSHIP.

    Expenses $174,011 · Grants $160,497

  • VACCINE DEFEND WHAT MATTERS.

    Expenses $113,921 · Grants $100,409

  • WALK WITH A DOC TEXAS.

    Expenses $75,825 · Grants $69,069

  • HARD HATS FOR LITTLE HEADS.

    Expenses $69,349 · Grants $62,593

  • EXCELLENCE IN SCIENCE TEACHING AWARDS PROGRAM.

    Expenses $64,940 · Grants $58,184

  • NURSING STUDENT SCHOLARSHIPS.

    Expenses $88,612 · Grants $75,100

  • BAYARDO MEDICAL SCHOLARSHIP GRANT PROGRAMS.

    Expenses $47,256 · Grants $40,500

  • MEDICAL STUDENT COMMUNITY LEADERSHIP GRANTS.

    Expenses $51,848 · Grants $31,580

  • MEDICAL COMMUNITY GRANTS.

    Expenses $51,534 · Grants $27,211

  • TMA AND ALLIANCE SUPPORTED PROGRAMS.

    Expenses $19,990 · Grants $17,288

  • JOHN P. MCGOVERN CHAMPION OF HEALTH AWARD

    Expenses $20,256 · Grants $13,500

  • PATEL SCHOLARSHIP.

    Expenses $19,812 · Grants $6,300

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CARLA F ORTIQUE MD

    PRESIDENT 2023-2024/VICE PRESIDENT 2021-2023

    Total calculated
    $0
    Hours/week
    0

  • MICHAEL E SPEER MD

    PRESIDENT 2021-2023

    Total calculated
    $0
    Hours/week
    0

  • SUSAN M PIKE MD

    IMMEDIATE PAST PRESIDENT 2022-2023

    Total calculated
    $0
    Hours/week
    0

  • CLIFFORD K MOY MD

    VICE PRESIDENT 2023-2024/TREASURER 2022-2023

    Total calculated
    $0
    Hours/week
    0

  • KIM M RICE MD

    SECRETARY 2023-2024

    Total calculated
    $0
    Hours/week
    0

  • DEBORAH PITTS

    SECRETARY2022-2023

    Total calculated
    $0
    Hours/week
    0

  • AMY WHITED

    TREASURER 2023-2024/TRUSTEE 2022-2023

    Total calculated
    $0
    Hours/week
    0

  • G RAY CALLAS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • GATES B COLBERT MD FASN

    YOUNG PHYSICIAN SECTION REPRESENTATIVE 2022-2023

    Total calculated
    $0
    Hours/week
    0

  • JOY LO CHEN MD

    YOUNG PHYSICIAN SECTION REPRESENTATIVE 2023-2024

    Total calculated
    $0
    Hours/week
    0

  • ANGELA B DONAHUE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ASHANTI DUNMEYER MD

    RESIDENT AND FELLOWS SECTION REPRESENTATIVE 2022-2

    Total calculated
    $0
    Hours/week
    0

  • CURTIS ERIC GREY MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • R MOSS HAMPTON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ISABEL V HOVERMAN MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • STEVEN H KELDER MPH PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • PRUTHALI KULKARNI DO

    RESIDENT AND FELLOWS SECTION REPRESENTATIVE 2023-2

    Total calculated
    $0
    Hours/week
    0

  • DAVID LANDRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • PARKER MITCHELL

    MEDICAL STUDENT SECTION REPRESENTATIVE 2022-2023

    Total calculated
    $0
    Hours/week
    0

  • SUNSHINE MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • YUSUF MUFTI

    MEDICAL STUDENT SECTION REPRESENTATIVE 2023-2025

    Total calculated
    $0
    Hours/week
    0

  • RICHARD W RICK SNYDER II MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • STUART C PICKELL MD FACP FAAP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • LISA STARK WALSH

    EXECUTIVE DIRECTOR

    Total calculated
    $175,114
    From this org
    $136,980
    From related orgs
    $0
    Other
    $38,134
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,000
    Bonus
    $0
    Other
    $1,980
    Deferred
    $27,000
    Nontaxable benefits
    $11,134
    Filer's total
    $175,114

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202433099349302708

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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