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Nonprofiteer
← THE METHODIST HOSPITALS FOUNDATION INC

Form 990 for tax year 2023

Filed by THE METHODIST HOSPITALS FOUNDATION INC.

Totals

Total revenue
$1,095,796
Total expenses
$793,362
Contributions and grants received
$1,155,563
Grants paid
$543,413
Program service revenue
$0
Investment income
$4,371
Other revenue
-$64,138
Total assets, end of year
$938,822
Total liabilities, end of year
$301,083
Net assets or fund balances, end of year
$637,739
Program services expenses (Part IX)
$766,926
Management and general expenses
$26,436
Fundraising expenses
$0
Program service expenses (Part III)
$766,926

Program services were 96.7% 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

    $593,976

  • 1f · All other contributions, gifts and grants

    $561,587

  • 3 · Investment income

    total $4,371 · excluded $4,371

  • 8a · Fundraising events: gross income

    $109,800

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

    $593,976

  • 8b · Fundraising events: direct expenses

    $174,079

  • 8c · Net income from fundraising events

    total -$64,279 · excluded -$64,279

  • 11a · Other revenue: MANAGEMENT FEE REVENUE

    total $141 · excluded $141

  • 11e · Other revenue, total

    $141

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $543,413 · program services $543,413

  • 11c · Fees: accounting

    total $4,107 · management and general $4,107

  • 11g · Fees: other

    total $21,312 · management and general $21,312

  • 13 · Office expenses

    total $317 · management and general $317

  • 24a · Other expenses: STAR PROGRAM

    total $223,513 · program services $223,513

  • 24b · Other expenses: PRINTING AND POSTAGE

    total $428 · management and general $428

  • 24c · Other expenses: OTHER ADMINISTRATIVE EX

    total $135 · management and general $135

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $108 · management and general $108

  • 24e · All other expenses

    total $29 · management and general $29

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338,469 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $814,117

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $109,465

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,727 · end of year $15,240

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

    $20,950

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

    $20,950

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $640

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,956 · end of year $251,083

  • 19 · Deferred revenue

    beginning of year $17,575 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $297,602 · end of year $583,458

  • 28 · Net assets with donor restrictions

    beginning of year $37,703 · end of year $54,281

Mission and programs · 2023

Mission

THE MISSION OF THE METHODIST HOSPITALS FOUNDATION, INC. IS TO SUPPORT THE PATIENTS' HEALTH AND WELLBEING THROUGH PROJECTS AND PROGRAMS AT THE METHODIST HOSPITALS.

Activities or mission (Part I)

TO PROMOTE THE HEALTH, SAFETY AND GENERAL WELFARE OF PERSONS IN THE COMMUNITY BY SUPPORTING FINANCIALLY AND OTHERWISE CONDUCTING ACTIVITIES WHICH BENEFIT THE METHODIST HOSPITALS, INC.

  • TO SUPPORT THE METHODIST HOSPITAL IN ITS MISSION TO DELIVER EXCEPTIONAL HEALTHCARE BY FUNDRAISING FOR CLINICAL AREAS TO ENHANCE PATIENT CARE.

    Expenses $766,926 · Grants $543,413

As filed on the 2023 return.

Listed in Part VII

  • Matthew Doyle

    BOARD MEMBER

    Total calculated
    $633,157
    From this org
    $0
    From related orgs
    $614,476
    Other
    $18,681
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $572,278 related
    Bonus
    $0 + $42,198 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,681 related
    Filer's total
    $0 + $633,157 related

  • Mattison Dilts

    BOARD MEMBER

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.3 + 2.2 related

  • Glenn S Vician

    BOARD MEMBER

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.2 + 2.2 related

  • Heather McCarthy

    PRESIDENT

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.2

  • Ronald McColly

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Stephen Place

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Maha Alzeidan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Panna Barai MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Sharon Chambers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Mihaela Condurateanu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • J Niall McShane

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.8

  • Gary Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Salvi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Chareice White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Judy Lindsey

    EXECUTIVE DIRECTOR

    Total calculated
    $170,631
    From this org
    $160,910
    From related orgs
    $0
    Other
    $9,721
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,910
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,721
    Filer's total
    $170,631

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)

PART I, LINE 3
COMPENSATION REVIEW PROCEDURES WERE PERFORMED BY A RELATED ORGANIZATION, THE METHODIST HOSPITALS, INC. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION: FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202433129349303953

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