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← THE GORDON AND MARY CAIN PEDIATRIC NEUROLOGY RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by THE GORDON AND MARY CAIN PEDIATRIC NEUROLOGY RESEARCH FOUNDATION.

Totals

Total revenue
$1,426,046
Total expenses
$1,109,432
Contributions and grants received
$0
Grants paid
$1,033,853
Program service revenue
$0
Investment income
$1,426,046
Other revenue
$0
Total assets, end of year
$29,949,174
Total liabilities, end of year
$1,032,600
Net assets or fund balances, end of year
$28,916,574
Program services expenses (Part IX)
$1,109,432
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,109,432

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $404,997 · related or exempt $0 · excluded $404,997

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $7,199,371 · other assets $0

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

    securities $6,178,322 · other assets $0

  • 7c · Gain or loss

    securities $1,021,049 · other assets $0

  • 7d · Net gain or loss

    total $1,021,049 · related or exempt $0 · unrelated business $0 · excluded $1,021,049

  • 8a · Fundraising events: gross income

    $0

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

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,033,853 · program services $1,033,853

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $57,396 · program services $57,396 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: OTHER INVESTMENT-RELATED FEES

    total $18,183 · program services $18,183 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,098 · end of year $59,564

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $26,380,361 · end of year $29,889,610

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $501,254 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,101 · end of year $13,160

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,279,619 · end of year $1,019,440

  • 27 · Net assets without donor restrictions

    beginning of year $25,665,993 · end of year $28,916,574

Mission and programs · 2022

Mission

THE GORDON AND MARY CAIN PEDIATRIC NEUROLOGY RESEARCH FOUNDATION (THE "FOUNDATION") EXISTS PRIMARILY TO PROVIDE ASSISTANCE TO TEXAS CHILDREN'S HOSPITAL THROUGH THE SUPPORT OF RESEARCH, TEACHING, TREATMENT, AND RELATED ACTIVITIES WITH RESPECT TO PEDIATRIC NEUROLOGICAL DISORDERS.

Activities or mission (Part I)

SUPPORT RESEARCH, TEACHING, TREATMENT, AND RELATED ACTIVITIES WITH RESPECT TO PEDIATRIC NEUROLOGICAL DISORDERS.

  • The expenses for the Cain Foundation support research, teaching, treatment and related activities at the Cain Laboratories at Texas Children's Hospital.

    Expenses $1,109,432 · Grants $1,033,853

As filed on the 2022 return.

Listed in Part VII

  • Anthony F Deluca

    BOARD MEMBER / PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gary L Rosenthal

    BOARD MEMBER / VICE PRESIDENT THROUGH 1/25/23 / LIFE DIRECTOR AS OF 1/26/23

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Anthony G Petrello

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joseph Sutton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Le Simmons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Aisha Jamal

    BOARD SECRETARY AS OF 3/9/23 / VICE PRESIDENT ALL YEAR

    Total calculated
    $524,776
    From this org
    $0
    From related orgs
    $399,578
    Other
    $125,198
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,836 related
    Bonus
    $0 + $64,100 related
    Other
    $0 + $22,642 related
    Deferred
    $0 + $106,973 related
    Nontaxable benefits
    $0 + $18,225 related
    Filer's total
    $0 + $524,776 related

  • Lance A Lightfoot

    BOARD SECRETARY THROUGH 3/8/23 / SENIOR VICE PRESIDENT ALL YEAR

    Total calculated
    $1,964,896
    From this org
    $0
    From related orgs
    $1,653,642
    Other
    $311,254
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $753,414 related
    Bonus
    $0 + $737,560 related
    Other
    $0 + $162,668 related
    Deferred
    $0 + $275,313 related
    Nontaxable benefits
    $0 + $35,941 related
    Filer's total
    $0 + $1,964,896 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
Compensation for the organization's top management official is established by Texas Children's and Texas Children's Hospital, using the following methods: *Compensation Committee *Independent Compensation Consultant *Compensation survey or study *Approval by the board or compensation committee
Schedule J, Part I, Line 4b 457(F) PLANS
457(F) PLANS: PAID/DEFERRED AISHA JAMAL 0 / 30,000 LANCE A. LIGHTFOOT 132,705 / 125,500 457(F): THE 457(F) PLANS ARE NON-QUALIFIED DEFERRED COMPENSATION PLANS THAT ALLOW EXECUTIVES AND ELIGIBLE PHYSICIANS TO RECEIVE SUPPLEMENTAL RETIREMENT INCOME. FUNDS MAY BE CREDITED INTO THIS ACCOUNT FROM AN EMPLOYER CONTRIBUTION, CALCULATED BASED ON AN INDIVIDUAL'S TITLE AND BASE SALARY AS OF JANUARY 1. THESE EMPLOYER FUNDED CONTRIBUTIONS VEST AFTER THE EARLIER OF 5 YEARS IN THE PLAN, THE ATTAINMENT OF AGE 60 WITH 75 POINTS DETERMINED AS THE SUM OF AGE AND YEARS OF SERVICE, OR AT AGE 65. THE 475(F) PLAN ALSO CONTAINS RESIDUAL CAPITAL APPRECIATION CONTRIBUTIONS FROM A FLEXIBLE BENEFIT ACCOUNT SURPLUS. THESE CONTRIBUTIONS VEST AFTER A MINIMUM OF 5 YEARS IN THE PLAN.
Schedule J, Part I, Line 4b SPLIT-DOLLAR LIFE INSURANCE PLAN
Certain individuals listed at Form 990, Part VII have split-dollar life insurance policies. The premiums were paid by Texas Children's prior to calendar year 2022 and will be recovered partially or fully when the policy is terminated or transferred to the executive. Participants include the following executives: Lance A. Lightfoot.

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.

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.

  • TCH INSURANCE COMPANY LTD

    C Corporation · INSURANCE · CJ

    Directly controlled by NA

  • CVI GVF HOLDINGS 3 LTD

    C Corporation · INVESTMENT · CJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202422279349303317

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