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← METHODIST RICHARDSON MEDICAL CENTER FOUNDATION

Form 990 for tax year 2024

Filed by METHODIST RICHARDSON MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$523,831
Total expenses
$407,549
Contributions and grants received
$623,643
Grants paid
$398,253
Program service revenue
$0
Investment income
$91,881
Other revenue
-$191,693
Total assets, end of year
$3,264,111
Total liabilities, end of year
$24,590
Net assets or fund balances, end of year
$3,239,521
Program services expenses (Part IX)
$398,253
Management and general expenses
$9,296
Fundraising expenses
$0
Program service expenses (Part III)
$398,253

Program services were 97.7% 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

    $375,723

  • 1d · Related organizations

    $6,000

  • 1e · Government grants (contributions)

    $13,500

  • 1f · All other contributions, gifts and grants

    $228,420

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $68,370 · excluded $68,370

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $50,622

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

    securities $27,111

  • 7c · Gain or loss

    securities $23,511 · other assets $0

  • 7d · Net gain or loss

    total $23,511 · excluded $23,511

  • 8a · Fundraising events: gross income

    $9,477

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

    $375,723

  • 8b · Fundraising events: direct expenses

    $201,170

  • 8c · Net income from fundraising events

    total -$191,693 · excluded -$191,693

  • 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 $317,635 · program services $317,635

  • 2 · Grants to domestic individuals

    total $80,618 · program services $80,618

  • 11g · Fees: other

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

  • 13 · Office expenses

    total $9,296 · management and general $9,296

  • 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 $586,057 · end of year $576,894

  • 2 · Savings and temporary cash investments

    beginning of year $1,825,346 · end of year $1,885,195

  • 3 · Pledges and grants receivable

    beginning of year $20,332 · end of year $67,000

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,755 · end of year $44,126

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

    $8,970

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

    $8,970

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $623,169 · end of year $690,896

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $24,590

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,426,168 · end of year $1,594,055

  • 28 · Net assets with donor restrictions

    beginning of year $1,656,491 · end of year $1,645,466

Mission and programs · 2024

Mission

TO BUILD AND MAINTAIN DONOR RELATIONSHIPS IN ORDER TO RAISE, MANAGE, AND DISTRIBUTE FUNDS TO ASSIST METHODIST HEALTH SYSTEM IN ACQUIRING STATE-OF-THE-ART TECHNOLOGY, ATTRACTING EXCELLENT MEDICAL STAFF, AND SUPPORTING VITAL HOSPITAL PROGRAMS.

Activities or mission (Part I)

TO BUILD AND MAINTAIN DONOR RELATIONSHIPS IN ORDER TO RAISE, MANAGE, AND DISTRIBUTE FUNDS TO METHODIST HEALTH SYSTEM.

  • 2025 YELLOW AND BLACK TIE GALA - THE FOUNDATION HOSTS AN ANNUAL AUCTION AND DINNER, THE PROCEEDS OF WHICH SUPPORT PROGRAMS AT METHODIST HEALTH SYSTEM. MOST OF THE 2025 NET PROCEEDS WERE DESIGNATED TO SUPPORT OPERATIONS OF THE METHODIST HEALTH SYSTEM AND A PORTION WAS DESIGNATED SPECIFICALLY FOR METHODIST HEALTH SYSTEM CANCER PROGRAM. IN FY2025, A PORTION WAS ALSO DESIGNATED TO SUPPORT A CLINIC PARTNERSHIP.

    Expenses $398,253 · Grants $398,253

As filed on the 2024 return.

Listed in Part VII

  • CATHERINE BURDETTE

    SECRETARY (THROUGH DECEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1

  • CLAY HARRISON

    BOARD CHAIR (THROUGH DECEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1

  • DEREK WILLIAMS MD

    BOARD CHAIR / VICE CHAIR-CAPITAL FUND (BEGIN. JANUARY 2025) / DIRECTOR

    Total calculated
    $1,251,422
    From this org
    $0
    From related orgs
    $1,230,010
    Other
    $21,412
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,037,563 related
    Bonus
    $0 + $191,547 related
    Other
    $0 + $900 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $7,612 related
    Filer's total
    $0 + $1,251,422 related

  • MARTA GOMEZ FREY

    VICE CHAIR-DEVELOPMENT (BEGINNING JANUARY 2025) / DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • MARY BEDOSKY

    VICE CHAIR-FINANCE (THROUGH DEC. 2024) / DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • SARAH GREEN

    VICE CHAIR OF FINANCE (BEGIN. JANUARY 2025) / DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • TEDDY KINZER

    VICE CHAIR-DEVELOPMENT (THROUGH DEC. 2024) / DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • ABIR AHMAD MD

    DIRECTOR

    Total calculated
    $584,234
    From this org
    $0
    From related orgs
    $575,714
    Other
    $8,520
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,604 related
    Bonus
    $0 + $248,780 related
    Other
    $0 + $330 related
    Deferred
    $0 + $8,047 related
    Nontaxable benefits
    $0 + $473 related
    Filer's total
    $0 + $584,234 related

  • AMY KING

    DIRECTOR (THROUGH JULY 2025)

    Total calculated
    $0
    Hours/week
    0.1

  • ANGELA TUCKER

    DIRECTOR (BEGINNING JANUARY 2025)

    Total calculated
    $0
    Hours/week
    0.1

  • BARRY YOUNG

    DIRECTOR (THROUGH DECEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1

  • CHELSEA MILLER

    DIRECTOR (BEGINNING JANUARY 2025)

    Total calculated
    $0
    Hours/week
    0.1

  • DEBORAH CARROLL

    DIRECTOR (BEGINNING JANUARY 2025)

    Total calculated
    $0
    Hours/week
    0.1

  • E KENNETH HUTCHENRIDER

    DIRECTOR

    Total calculated
    $1,189,877
    From this org
    $0
    From related orgs
    $1,051,894
    Other
    $137,983
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $566,351 related
    Bonus
    $0 + $398,267 related
    Other
    $0 + $87,276 related
    Deferred
    $0 + $98,549 related
    Nontaxable benefits
    $0 + $39,434 related
    Filer's total
    $0 + $1,189,877 related

  • EVA HUMMEL

    DIRECTOR (BEGINNING JANUARY 2025)

    Total calculated
    $0
    Hours/week
    0.1

  • KRISTY TYRA

    DIRECTOR (BEGINNING JANUARY 2025)

    Total calculated
    $0
    Hours/week
    0.1

  • MARK KING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • PARIN MAKADIA MD

    DIRECTOR

    Total calculated
    $34,842
    From this org
    $0
    From related orgs
    $34,842
    Other
    $0
    Hours/week
    0.1

  • RICHARD RAMEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • ROBERT MURPHY

    DIRECTOR (BEGINNING JANUARY 2025)

    Total calculated
    $0
    Hours/week
    0.1

  • SUZI KENNON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • TERE ZANDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • YOGI CHIMATA MD

    DIRECTOR (THROUGH DECEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1

  • LORI VILLARREAL

    EXECUTIVE DIRECTOR

    Total calculated
    $181,122
    From this org
    $0
    From related orgs
    $162,264
    Other
    $18,858
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $146,565 related
    Bonus
    $0 + $15,177 related
    Other
    $0 + $522 related
    Deferred
    $0 + $7,589 related
    Nontaxable benefits
    $0 + $11,269 related
    Filer's total
    $0 + $181,122 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 OFFICERS AND KEY EMPLOYEES IS PAID BY METHODIST HOSPITALS OF DALLAS, WHICH USES A FORMAL REVIEW PROCESS TO REVIEW COMPENSATION OF EMPLOYEES. THE FORMAL REVIEW PROCESS INCLUDES THE USE OF THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE TOP MANAGEMENT OFFICIALS: 1) A COMPENSATION COMMITTEE, 2) AN INDEPENDENT COMPENSATION CONSULTANT, 3) A COMPENSATION SURVEY OR STUDY, 4) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE, AND 5) CONTEMPORANEOUSLY SUBSTANTIATED THE DELIBERATION AND DECISION. OFFICER COMPENSATION IS SUBJECT TO FURTHER REVIEW BY THE BOARD OF METHODIST HOSPITALS OF DALLAS.
SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
TO AID IN RETAINING KEY EMPLOYEES, A 457(F) RETIREMENT ALLOWANCE PLAN IS AVAILABLE TO OFFICERS, SENIOR VICE PRESIDENTS, EXECUTIVE VICE PRESIDENTS AND DIVISION PRESIDENTS. EACH YEAR THE PLAN PROVIDES CREDITS, EXPRESSED AS DOLLAR AMOUNTS, DETERMINED BY A PERCENTAGE OF EACH PARTICIPANT'S BASE SALARY. THE PERCENTAGE FOR EACH PARTICIPANT IS DEFINED IN THE PLAN. THE DEFERRED ALLOWANCE IS DEPOSITED IN A MUTUAL FUND ACCOUNT FOR EACH PARTICIPANT AND INVESTED IN FUNDS SELECTED BY THE PARTICIPANT FROM A MENU OF AVAILABLE OPTIONS. VESTED BENEFITS, WITH INVESTMENTS GAINS OR LOSSES, ARE PAID TO PARTICIPANTS AS REGULAR TAXABLE INCOME. THE PLAN DEFINES PROVISIONS FOR DISTRIBUTION OF BENEFITS IN THE EVENT OF THE PARTICIPANT'S DEATH OR SEPARATION OF EMPLOYMENT PRIOR TO THE ELECTED VESTING DATE. THE AMOUNTS BELOW; DEFERRED IN THE CURRENT YEAR AND PAID IN THE CURRENT YEAR, RESPECTIVELY, ARE INCLUDED IN THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMNS B(III), (C), OR (F). E KENNETH HUTCHENRIDER: $80,475 / $64,667

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 partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.1
Source object
202622269349300517

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