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← ST DAVIDS FOUNDATION COMMUNITY FUND

Form 990 for tax year 2024

Filed by ST DAVIDS FOUNDATION COMMUNITY FUND.

Totals

Total revenue
$12,607,130
Total expenses
$7,149,098
Contributions and grants received
$674,814
Grants paid
$2,203,311
Program service revenue
$11,272,000
Investment income
$662,129
Other revenue
-$1,813
Total assets, end of year
$63,390,410
Total liabilities, end of year
$45,289,231
Net assets or fund balances, end of year
$18,101,179
Program services expenses (Part IX)
$7,118,676
Management and general expenses
$30,422
Fundraising expenses
$0
Program service expenses (Part III)
$7,118,676

Program services were 99.6% 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

    $674,803

  • 1f · All other contributions, gifts and grants

    $11

  • 2a · Program service revenue: SURGERY CENTER REVENUE

    total $11,272,000 · related or exempt $11,272,000

  • 3 · Investment income

    total $662,129 · excluded $662,129

  • 8a · Fundraising events: gross income

    $46,050

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

    $674,803

  • 8b · Fundraising events: direct expenses

    $47,863

  • 8c · Net income from fundraising events

    total -$1,813 · excluded -$1,813

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,000 · program services $45,000

  • 2 · Grants to domestic individuals

    total $2,158,311 · program services $2,158,311

  • 11b · Fees: legal

    total $224 · management and general $224

  • 11c · Fees: accounting

    total $5,500 · management and general $5,500

  • 13 · Office expenses

    total $68,934 · program services $50,759 · management and general $18,175

  • 14 · Information technology

    total $1,653 · program services $1,653

  • 17 · Travel

    total $1,670 · management and general $1,670

  • 19 · Conferences, conventions and meetings

    total $3,682 · management and general $3,682

  • 20 · Interest

    total $4,832,953 · program services $4,832,953

  • 22 · Depreciation, depletion and amortization

    total $1,171 · management and general $1,171

  • 24a · Other expenses: SPONSORSHIPS

    total $30,000 · program services $30,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $12,457,271 · end of year $14,446,589

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,822 · end of year $8,423

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

    $11,708

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

    $10,738

  • 10c · Land, buildings and equipment, net

    beginning of year $2,142 · end of year $970

  • 13 · Investments: program-related

    beginning of year $47,902,178 · end of year $48,934,428

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,691 · end of year $47,272

  • 25 · Other liabilities

    beginning of year $47,691,575 · end of year $45,241,959

  • 27 · Net assets without donor restrictions

    beginning of year $11,022,220 · end of year $16,468,676

  • 28 · Net assets with donor restrictions

    beginning of year $1,620,927 · end of year $1,632,503

Mission and programs · 2024

Mission

THE MISSION OF ST. DAVID'S FOUNDATION COMMUNITY FUND ("COMMUNITY FUND") IS TO IMPROVE THE HEALTH OF CENTRAL TEXANS AND TO PROVIDE SCHOLARSHIPS TO FINANCIALLY DISADVANTAGED STUDENTS PURSUING A HEALTH CARE CAREER AT A TEXAS COLLEGE OR UNIVERSITY. (SEE SCHEDULE O) IN ADDITION, COMMUNITY FUNDS OVERSEES VARIOUS MEDICAL FACILITIES IN CENTRAL TEXAS THAT PROVIDE HEALTHCARE TO THE COMMUNITY.

Activities or mission (Part I)

PROVIDES NEEDS-BASED SCHOLARSHIPS TO STUDENTS PURSUING HEALTHCARE CAREERS.

  • SURGERY CENTERS - THE COMMUNITY FUND OVERSEES MEDICAL FACILITIES IN CENTRAL TEXAS.

    Expenses $4,832,953 · Revenue $11,272,000

  • SCHOLARSHIPS - THE ST. DAVID'S NEAL KOCUREK SCHOLARSHIP IS THE LARGEST HEALTHCARE SCHOLARSHIP PROGRAM IN THE STATE OF TEXAS. HIGH SCHOOL SENIORS FROM BASTROP, CALDWELL, HAYS, TRAVIS, AND WILLIAMSON COUNTIES WHO WANT TO PURSUE CAREERS IN HEALTHCARE AND PLAN TO ATTEND COLLEGE IN TEXAS ARE ELIGIBLE TO APPLY FOR UP TO $60,000 IN FINANCIAL AID OVER THE COURSE OF THEIR HIGHER EDUCATION. (SEE SCHEDULE O) EACH SCHOLAR RECEIVES UP TO $7,500 PER YEAR FOR UP TO FOUR YEARS OF UNDERGRADUATE STUDIES AT TEXAS COLLEGES AND UNIVERSITIES AND UP TO FOUR YEARS OF GRADUATE STUDIES AND/OR MEDICAL SCHOOL, AND UP TO $4,000 A YEAR AT TEXAS COMMUNITY COLLEGES. IN ADDITION TO THIS FUNDING, NEAL KOCUREK SCHOLARS HAVE ACCESS TO A RANGE OF EMOTIONAL AND EDUCATIONAL SUPPORTS, INCLUDING FREE MENTAL HEALTH COUNSELING, TUTORING OPTIONS, PROFESSIONAL MENTORSHIP, AND A CLOSE-KNIT COMMUNITY OF PEERS.COMMUNITY FUND HAS AWARDED NEARLY 860 NEAL KOCUREK SCHOLARSHIPS SINCE THE PROGRAM'S INCEPTION IN 2005, AND 296 SCHOLARSHIPS WERE AWARDED IN 2024. SCHOLARSHIP APPLICANTS ARE EVALUATED ON THE BASIS OF ACADEMIC MERIT AS WELL AS FINANCIAL NEED.

    Expenses $2,161,230 · Grants $2,125,811

  • AGING WELL - COMMUNITY FUND CREATED AGING WELL TO ADDRESS THE GROWING NEEDS OF THE AGING POPULATION WITH A MISSION OF BRINGING TOGETHER INDIVIDUALS AND COMMUNITY PARTNERS TO IMPROVE THE LIVES OF OLDER ADULTS AND THEIR CAREGIVERS. AN ACTIVE COMMUNITY GROUP THAT SUPPORTS CENTRAL TEXAS ORGANIZATIONS ASSISTING OLDER ADULTS AND THEIR CAREGIVERS WITH THE CHALLENGES OF AGING ISSUES, AGING WELL PROVIDES RESOURCES, SUPPORT AND EVENTS THAT EMBRACE VOLUNTEERISM, EDUCATION, AND PHILANTHROPY. (SEE SCHEDULE O).INCREASING ACCESS TO AGING-RELATED RESOURCES IN CENTRAL TEXAS IS A PRIORITY OF THE COMMUNITY FUND. THROUGH STRATEGIC GRANTMAKING, THE COMMUNITY FUND SEEKS TO INCREASE SUPPORT FOR OLDER ADULTS TO LIVE SAFELY AND INDEPENDENTLY IN THEIR OWN COMMUNITY. AS A PROGRAM OF COMMUNITY FUND, AGING WELL IS COMMITTED TO STRATEGICALLY ALIGNING THESE EFFORTS IN ADDITION TO SERVING AS A RESOURCE FOR THE AGING COMMUNITY IN CENTRAL TEXAS.

    Expenses $91,993 · Grants $45,000

  • DURING 2024, THE COMMUNITY FUND MADE NONRECURRING GRANTS TO PROVIDE EMERGENCY ASSISTANCE AND GRADUATION SUPPORT TO NEAL KOCUREK SCHOLARS.

    Expenses $32,500 · Grants $32,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward B Burger

    CHAIR

    Total calculated
    $663,886
    From this org
    $0
    From related orgs
    $629,869
    Other
    $34,017
    Hours/week
    1.35 + 43.65 related

    Schedule J breakdown matched by us

    Base
    $0 + $537,731 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $90,638 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $13,317 related
    Filer's total
    $0 + $663,886 related

  • Rodney S Bond

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $0
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    1

  • Barbara Porter

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $0
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    1

  • Cara Abazari

    PRESIDENT

    Total calculated
    $300,680
    From this org
    $0
    From related orgs
    $251,715
    Other
    $48,965
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,340 related
    Bonus
    $0 + $1,155 related
    Other
    $0 + $38,220 related
    Deferred
    $0 + $15,064 related
    Nontaxable benefits
    $0 + $33,901 related
    Filer's total
    $0 + $300,680 related

  • Taylor Gutierrez

    SECRETARY

    Total calculated
    $137,990
    From this org
    $0
    From related orgs
    $98,545
    Other
    $39,445
    Hours/week
    28 + 12 related

  • Amy Vaughan

    VP OF FINANCE

    Total calculated
    $486,565
    From this org
    $0
    From related orgs
    $452,548
    Other
    $34,017
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,926 related
    Bonus
    $0 + $3,000 related
    Other
    $0 + $70,622 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $13,317 related
    Filer's total
    $0 + $486,565 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3:
THE ST. DAVID'S FOUNDATION COMPENSATION COMMITTEE COMMISSIONS A REPORT FROM AN INDEPENDENT COMPENSATION EXPERT COVERING ALL EXECUTIVES AND HIGHLY COMPENSATED EMPLOYEES OF COMMUNITY FUND. EDWARD BURGER, IN HIS POSITION AS CHAIR OF COMMUNITY FUND, REVIEWS THE COMPARABLE DATA FROM THE REPORT AND MAKES RECOMMENDATIONS TO THE BOARD REGARDING EXECUTIVE COMPENSATION FOR OFFICERS.

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

No itemized grants to organizations 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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • LEADERSHIP HEALTHCARE HOLDINGS LP LLP

    RELATED · OWNS MAJORITY INTERESTS IN AMBULATORY SURGERY CENTERS · TX · 41% owned · share of income $16,778,291 · share of assets $64,722,751 · general or managing partner

    Directly controlled by ST DAVID'S FOUNDATION COMMUNITY FUND

  • LEADERSHIP HEALTHCARE HOLDINGS II LP LLP

    OWNS AN INTEREST IN A RADIOLOGY CENTER · TX

  • ST DAVID'S HEALTHCARE PARTNERSHIP LP LLP

    OWNS & OPERATES 4 HOSPITALS IN CENTRAL TX · TX

  • HEALTH AT HOME HOLDINGS - AUSTIN LLC

    HOME HEALTH AND HOSPICE SERVICES · TX

  • AUSTIN GI SURGICENTER LLC

    AMBULATORY SURGERY CENTER · TX

  • BAILEY SQUARE AMBULATORY SURGICAL CENTER LTD

    AMBULATORY SURGERY CENTER · TX

  • CAREOS SURGICENTER LLC

    AMBULATORY SURGERY CENTER · TX

  • CP SURGERY CENTER LLC

    AMBULATORY SURGERY CENTER · TX

  • MCA-CTMC HOLDINGS LLC

    AMBULATORY SURGERY CENTER · TX

  • NORTH AUSTIN SURGERY CENTER LP

    AMBULATORY SURGERY CENTER · TX

  • OAKWOOD SURGERY CENTER LTD

    AMBULATORY SURGERY CENTER · TX

  • SOUTH AUSTIN SURGERY CENTER LTD

    AMBULATORY SURGERY CENTER · TX

  • ST DAVID'S AUSTIN AREA ASC LLC

    AMBULATORY SURGERY CENTER · TX

  • SOLIS MAMMOGRAPHY SERIVCES LLC

    MAMMOGRAPHY SERVICES · TX

Related corporations and trusts

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

  • ST DAVID'S FOUNDATION IMPACT FUND LP

    C · OWNS INDIRECT INTEREST IN A RADIOLOGY CENTER · TX

  • ST DAVID'S FOUNDATION IMPACT FUND GP LLC

    C · OWNS INDIRECT INTEREST IN A RADIOLOGY CENTER · TX

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513159349303451

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