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Nonprofiteer
← MEDICAL CENTER OF THE AMERICASFOUNDATION

Form 990 for tax year 2022

Filed by MEDICAL CENTER OF THE AMERICASFOUNDATION.

Totals

Total revenue
$5,542,606
Total expenses
$3,989,511
Contributions and grants received
$4,353,772
Grants paid
$612,000
Program service revenue
$749,397
Investment income
$20,637
Other revenue
$418,800
Total assets, end of year
$13,739,949
Total liabilities, end of year
$4,331,676
Net assets or fund balances, end of year
$9,408,273
Program services expenses (Part IX)
$3,328,528
Management and general expenses
$657,475
Fundraising expenses
$3,508
Program service expenses (Part III)
$3,328,528

Program services were 83.4% 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.

  • 1e · Government grants (contributions)

    $4,353,772

  • 2f · All other program service revenue

    total $749,397 · excluded $749,397

  • 3 · Investment income

    total $20,637 · excluded $20,637

  • 11a · Other revenue: MANAGEMENT FEES

    total $418,800 · excluded $418,800

  • 11e · Other revenue, total

    $418,800

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $612,000 · program services $612,000

  • 5 · Compensation of officers, directors and key employees

    total $354,344 · program services $192,880 · management and general $161,464

  • 7 · Other salaries and wages

    total $951,545 · program services $729,475 · management and general $218,929 · fundraising $3,141

  • 8 · Pension plan contributions

    total $43,220 · program services $30,910 · management and general $12,310

  • 9 · Other employee benefits

    total $87,970 · program services $65,515 · management and general $22,386 · fundraising $69

  • 10 · Payroll taxes

    total $95,787 · program services $68,948 · management and general $26,787 · fundraising $52

  • 11b · Fees: legal

    total $6,334 · management and general $6,334

  • 11c · Fees: accounting

    total $1,284 · management and general $1,284

  • 11g · Fees: other

    total $375,324 · program services $364,950 · management and general $10,374

  • 12 · Advertising and promotion

    total $35,754 · program services $16,512 · management and general $19,142 · fundraising $100

  • 14 · Information technology

    total $35,539 · program services $18,689 · management and general $16,841 · fundraising $9

  • 16 · Occupancy

    total $1,180,503 · program services $1,121,927 · management and general $58,453 · fundraising $123

  • 22 · Depreciation, depletion and amortization

    total $22,390 · program services $20,049 · management and general $2,341

  • 23 · Insurance

    total $14,016 · program services $4,919 · management and general $9,097

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $66,567 · management and general $66,567

  • 24b · Other expenses: MISCELLANEOUS

    total $47,383 · program services $32,406 · management and general $14,965 · fundraising $12

  • 24c · Other expenses: OTHER PERSONNEL EXPENSE

    total $39,388 · program services $34,158 · management and general $5,229 · fundraising $1

  • 24d · Other expenses: SUPPLIES

    total $14,651 · program services $9,678 · management and general $4,972 · fundraising $1

  • 24e · All other expenses

    total $5,512 · program services $5,512

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,804,476 · end of year $2,092,210

  • 2 · Savings and temporary cash investments

    beginning of year $1,263,722 · end of year $961,312

  • 4 · Accounts receivable

    beginning of year $4,483,423 · end of year $6,920,998

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,515 · end of year $25,325

  • 10a · Land, buildings and equipment: cost or other basis

    $255,654

  • 10b · Land, buildings and equipment: accumulated depreciation

    $208,249

  • 10c · Land, buildings and equipment, net

    beginning of year $56,108 · end of year $47,405

  • 13 · Investments: program-related

    beginning of year $3,680,599 · end of year $3,692,699

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,515,379 · end of year $3,606,164

  • 18 · Grants payable

    beginning of year $612,000 · end of year $612,000

  • 19 · Deferred revenue

    beginning of year $3,576 · end of year $3,071

  • 25 · Other liabilities

    beginning of year $347,710 · end of year $110,441

  • 27 · Net assets without donor restrictions

    beginning of year $2,864,101 · end of year $5,351,431

  • 28 · Net assets with donor restrictions

    beginning of year $4,991,077 · end of year $4,056,842

Mission and programs · 2022

Mission

THE PURPOSE OR PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: (1) TO ENCOURAGE AND ASSIST IN THE ESTABLISHMENT OF A MEDICAL CENTER IN EL PASO, TEXAS; (2) TO FACILITATE AND PROMOTE MEDICAL RESEARCH AND EDUCATION TO ADDRESS HEALTH ISSUES IMPACTING THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; (3) TO MAKE GRANTS, LOANS OR OTHER DISTRIBUTIONS TO QUALIFIED ORGANIZATIONS OR INDIVIDUALS EXCLUSIVELY TO ADDRESS THE HEALTH NEEDS OF THE GENERAL POPULATION OF THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; (4) TO PERFORM SUCH OTHER SERVICES, ACTIVITIES AND FUNCTIONS AS MAY BE PERMITTED TO CORPORATIONS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"); AND (5) AT ALL TIMES AND WITHIN SUCH PURPOSES, TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE.

Activities or mission (Part I)

THE PURPOSE OR PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: (1) TO ENCOURAGE AND ASSIST IN THE ESTABLISHMENT OF A MEDICAL CENTER IN EL PASO, TEXAS; (2) TO FACILITATE AND PROMOTE MEDICAL RESEARCH AND EDUCATION TO ADDRESS HEALTH ISSUES IMPACTING THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; (3) TO MAKE GRANTS, LOANS OR OTHER DISTRIBUTIONS TO QUALIFIED ORGANIZATIONS OR INDIVIDUALS EXCLUSIVELY TO ADDRESS THE HEALTH NEEDS OF THE GENERAL POPULATION OF THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; (4) TO PERFORM SUCH OTHER SERVICES, ACTIVITIES AND FUNCTIONS AS MAY BE PERMITTED TO CORPORATIONS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"); AND (5) AT ALL TIMES AND WITHIN SUCH PURPOSES, TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE.

  • THIS PROGRAM CONSISTS OF ACTIVITIES DIRECTED TO THE DEVELOPMENT OF PHYSICAL INFRASTRUCTURE NEEDED TO SUPPORT THE BIOMEDICAL CLUSTER BY ESTABLISHING THE REGION'S FIRST BIOMEDICAL AND HEALTHCARE RESEARCH PARK, BEGINNING WITH ITS ANCHOR BUILDING, THE CARDWELL COLLABORATIVE, AS WELL AS PROVIDING FUNDING FOR THE CONSTRUCTION OF TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER GAYLE GREVE HUNT SCHOOL OF NURSING BUILDING. THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH THE GOVERNMENTAL INSTRUMENTALITIES, TEXAS TECH HEALTH SCIENCES CENTER AND THE TEXAS TECH UNIVERSITY SYSTEM, WHEREBY THE ORGANIZATION WILL PROVIDE FUNDING FOR THE CONSTRUCTION OF BUILDING IMPROVEMENTS FOR THE GAYLE GREVE HUNT SCHOOL OF NURSING TO BE OPERATED BY TEXAS TECH. THE GRANT DERIVES FROM THE IMPACT FUND AWARD TO THE ORGANIZATION MADE BY THE CITY OF EL PASO AS DESCRIBED IN LINE 4A ABOVE.

    Expenses $1,828,906 · Grants $612,000 · Revenue $2,449,669

  • THIS PROGRAM CONSISTS OF ACTIVITIES DESIGNED TO IMPROVE THE TRANSLATIONAL RESEARCH BUSINESS MODEL AND SPUR REGIONAL ECONOMIC GROWTH BY LAUNCHING NEW STARTUP COMPANIES TO ADVANCE AND COMMERCIALIZE COMMERCIALLY VIABLE INVENTIONS FROM REGIONALLY-RELEVANT INTELLECTUAL PROPERTY AND PROVIDING A REGIONAL ECONOMIC ENGINE TO POSITION THE REGION AS A HUB OF EXCELLENCE FOR GLOBAL HEALTHCARE INNOVATION AS WELL AS BRINGING SOLUTIONS TO THE REGION'S HEALTH CHALLENGES AND ELEVATING THE QUALITY OF HEALTHCARE FOR ITS RESIDENTS WITH POTENTIALLY ADVANCED LIFE-SAVING OR LIFE-IMPROVING TECHNOLOGY.

    Expenses $1,447,658 · Revenue $2,146,868

  • MASTER PLANNING ACTIVITIES FOR THE MCA CAMPUS.

    Expenses $51,964

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward Escudero

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick G Landry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Ihorn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Meyer Marcus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Pretiger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lane Gaddy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ted Houghton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Judy Robison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Henry Yoshawirja

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Josh Hunt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Miller III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sigfrido Delgado

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mylena Walker

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rick Francis

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Emma Schwartz

    FORMER PRESIDENT

    Total calculated
    $147,841
    From this org
    $141,896
    From related orgs
    $0
    Other
    $5,945
    Hours/week
    40

  • Carlos Ortega

    CEO AND CFO

    Total calculated
    $231,465
    From this org
    $212,448
    From related orgs
    $0
    Other
    $19,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,448
    Bonus
    $0
    Other
    $0
    Deferred
    $8,498
    Nontaxable benefits
    $10,519
    Filer's total
    $231,465

  • Xavier Cardenas

    SR. DIRECTOR, ENGINEERING, PROPERTY MANAGEMENT

    Total calculated
    $143,866
    From this org
    $137,944
    From related orgs
    $0
    Other
    $5,922
    Hours/week
    1

  • Nancy Lowery

    SR. DIRECTOR OF INNOVATION

    Total calculated
    $132,350
    From this org
    $127,260
    From related orgs
    $0
    Other
    $5,090
    Hours/week
    1

  • Michaele D Linden-Johnson

    SR. DIRECTOR OF CLINICAL TRIALS

    Total calculated
    $116,920
    From this org
    $102,309
    From related orgs
    $0
    Other
    $14,611
    Hours/week
    1

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 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
DURING THE YEAR, THERE WAS A SEVERANCE PAYMENT MADE PURSUANT TO A CONFIDENTIAL AGREEMENT. ALL AMOUNTS PAID HAVE BEEN PROPERLY REPORTED ON FORM W-2 AND ARE DISCLOSED IN FORM 990, PART VII AND SCHEDULE J, PART II, IF REQUIRED. DUE TO THE CONFIDENTIAL NATURE OF THE ARRANGEMENT, THE DETAILS ARE AVAILABLE ONLY TO THE IRS UPON REQUEST. CHRISTOPHER G. LINDNER $21,753.85 BRENDA DURNER $1,846.40

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

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.

  • MCAMERICAS REALTY INC

    501(C)(3) · INVESTING, ACQUIRING AND MANAGING INCOME-PRODUCING REAL PROPERTY · TX

    Directly controlled by MCAMERICAS HOLDINGS INC

  • MCA TECH PARK INC

    501(C)(3) · DEVELOPMENT OF LIFE SCIENCES RESEARCH AND TECHNOLOGY BUILDING · TX

    Directly controlled by MCAMERICAS HOLDINGS INC

  • MCAMERICAS HOLDINGS INC

    501(C)(3) · SUPPORTING ORGANIZATION SERVING AS A PARENT HOLDING COMPANY · TX

  • MCA REVERE REALTY INC

    501(C)(3) · ACQUISITION, HOLDING AND LEASING REAL ESTATE · TX

    Directly controlled by MCAMERICAS HOLDINGS INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BMIA INC

    C · FACILITATE ACCESS TO CAPITAL TO THE MCA INNOVATION ECOSYSTEM · NV · 100% owned · controlled entity

    Directly controlled by MEDICAL CENTER OF THE AMERICAS FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
19 July 2023
IRS schema version
2022v5.0
Source object
202322149349300727

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