Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $9,638,416

• 1f · All other contributions, gifts and grants

  $1,534,274

• 2a · Program service revenue: PATIENT REVENUE

  total $48,810,638 · related or exempt $48,810,638

• 2b · Program service revenue: PHARMACY REVENUE

  total $27,157,657 · related or exempt $27,157,657

• 2f · All other program service revenue

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

• 3 · Investment income

  total $946,510 · excluded $946,510

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $3,297

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

  securities $0

• 7c · Gain or loss

  securities $3,297 · other assets $0

• 7d · Net gain or loss

  total $3,297 · excluded $3,297

• 11a · Other revenue: CREDIT CARD REBATE

  total $35,838 · excluded $35,838

• 11b · Other revenue: CAFETERIA PLAN FORFEITURES

  total $12,692 · excluded $12,692

• 11c · Other revenue: OTHER INCOME

  total $12,047 · excluded $12,047

• 11d · All other revenue

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

• 11e · Other revenue, total

  $60,577

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,540 · program services $3,540

• 7 · Other salaries and wages

  total $44,623,088 · program services $42,391,934 · management and general $2,231,154

• 8 · Pension plan contributions

  total $882,717 · program services $838,581 · management and general $44,136

• 9 · Other employee benefits

  total $4,203,369 · program services $3,993,201 · management and general $210,168

• 10 · Payroll taxes

  total $3,112,678 · program services $2,957,044 · management and general $155,634

• 11c · Fees: accounting

  total $48,564 · management and general $48,564

• 11d · Fees: lobbying

  total $170,218 · management and general $170,218

• 11g · Fees: other

  total $2,760,681 · program services $2,622,647 · management and general $138,034 · fundraising $0

• 12 · Advertising and promotion

  total $280,984 · program services $266,935 · management and general $14,049

• 13 · Office expenses

  total $6,691,519 · program services $6,356,943 · management and general $334,576

• 14 · Information technology

  total $2,018,328 · program services $1,917,412 · management and general $100,916

• 16 · Occupancy

  total $1,617,739 · program services $1,536,852 · management and general $80,887

• 17 · Travel

  total $105,020 · program services $99,769 · management and general $5,251

• 19 · Conferences, conventions and meetings

  total $110,540 · program services $105,013 · management and general $5,527

• 22 · Depreciation, depletion and amortization

  total $840,135 · program services $840,135

• 24a · Other expenses: MEDICAL SUPPLIES

  total $16,945,931 · program services $16,945,931

• 24b · Other expenses: STAFF DEVELOPMENT

  total $597,531 · program services $567,654 · management and general $29,877

• 24c · Other expenses: RECRUITING

  total $274,345 · program services $260,628 · management and general $13,717

• 24d · Other expenses: MAINTENANCE

  total $266,621 · program services $253,290 · management and general $13,331

• 24e · All other expenses

  total $1,116,580 · program services $1,060,751 · management and general $55,829 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,800 · end of year $607,099

• 2 · Savings and temporary cash investments

  beginning of year $28,730,749 · end of year $15,587,210

• 4 · Accounts receivable

  beginning of year $9,040,589 · end of year $9,053,941

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $525,540 · end of year $960,941

• 9 · Prepaid expenses and deferred charges

  beginning of year $68,002 · end of year $91,439

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

  $13,807,100

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

  $7,804,027

• 10c · Land, buildings and equipment, net

  beginning of year $6,434,647 · end of year $6,003,073

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $199,950 · end of year $12,949,806

• 17 · Accounts payable and accrued expenses

  beginning of year $5,380,071 · end of year $5,697,917

• 19 · Deferred revenue

  beginning of year $2,898,562 · end of year $1,309,483

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $455,296

• 27 · Net assets without donor restrictions

  beginning of year $36,737,644 · end of year $37,790,813

The filer's explanations (Part III)

Schedule J, Part I, Line 3

MCLENNAN COUNTY MEDICAL EDUCATION AND RESEARCH FOUNDATION, A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF THE CEO.