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Nonprofiteer
← THE CULLEN TRUST FOR HEALTH CARE

Form 990 for tax year 2023

Filed by THE CULLEN TRUST FOR HEALTH CARE.

Totals

Total revenue
$3,219,947
Total expenses
$6,079,541
Contributions and grants received
$0
Grants paid
$5,593,243
Program service revenue
$0
Investment income
$3,212,641
Other revenue
$7,306
Total assets, end of year
$127,632,162
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$127,632,162
Program services expenses (Part IX)
$5,599,089
Management and general expenses
$480,452
Fundraising expenses
$0
Program service expenses (Part III)
$5,599,089

Program services were 92.1% 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.

  • 3 · Investment income

    total $2,918,354 · unrelated business $110,874 · excluded $2,807,480

  • 7a · Gross sales of assets other than inventory

    securities $19,613,486

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

    securities $19,319,199

  • 7c · Gain or loss

    securities $294,287

  • 7d · Net gain or loss

    total $294,287 · unrelated business $17,338 · excluded $276,949

  • 11a · Other revenue: Tax refund

    total $7,306 · excluded $7,306

  • 11e · Other revenue, total

    $7,306

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,593,243 · program services $5,593,243

  • 11c · Fees: accounting

    total $34,742 · management and general $34,742

  • 11f · Fees: investment management

    total $403,574 · management and general $403,574

  • 11g · Fees: other

    total $29,776 · program services $5,344 · management and general $24,432

  • 13 · Office expenses

    total $89 · program services $89

  • 14 · Information technology

    total $12,930 · program services $413 · management and general $12,517

  • 23 · Insurance

    total $5,187 · management and general $5,187

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $9,532

  • 2 · Savings and temporary cash investments

    beginning of year $71,530 · end of year $66,330

  • 11 · Investments: publicly traded securities

    beginning of year $91,509,038 · end of year $89,374,218

  • 12 · Investments: other securities

    beginning of year $38,911,188 · end of year $38,182,082

  • 27 · Net assets without donor restrictions

    beginning of year $130,491,756 · end of year $127,632,162

Mission and programs · 2023

Mission

Support for health care institutions within Texas and primarily in the Greater Houston area.

  • The Cullen Trust For Health Care is a public charitable trust created as a supporting organization for the benefit of health care institutions in the state of Texas, primarily within the Greater Houston area. Trustees have the discretion to provide assistance to any or all of the beneficiaries of the class.

    Expenses $5,599,089 · Grants $5,593,243

As filed on the 2023 return.

Listed in Part VII

  • Cullen Geiselman

    Chair/Public Trustee

    Total calculated
    $0
    Hours/week
    1

  • William J Bill Campbell

    Vice Chair/HC Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nancy Gordon

    Secretary/HC Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brett Hogan

    Public Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kathy McCord

    Public Trustee

    Total calculated
    $0
    Hours/week
    1

  • Wilhelmina B Traylor

    Public Trustee

    Total calculated
    $0
    Hours/week
    1

  • David M Underwood Jr

    HC Trustee

    Total calculated
    $0
    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.

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
30 September 2024
IRS schema version
2023v5.1
Source object
202402749349301130

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

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