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← METHODIST HOSPITAL

Form 990 for tax year 2022

Filed by METHODIST HOSPITAL.

Totals

Total revenue
$140,278,306
Total expenses
$45,990,440
Contributions and grants received
$123,086,136
Grants paid
$29,995,733
Program service revenue
$0
Investment income
$2,393,726
Other revenue
$14,798,444
Total assets, end of year
$787,404,303
Total liabilities, end of year
$1,143,492
Net assets or fund balances, end of year
$786,260,811
Program services expenses (Part IX)
$29,995,733
Management and general expenses
$1,830,255
Fundraising expenses
$14,164,452
Program service expenses (Part III)
$29,995,733

Program services were 65.2% 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

    $1,136,696

  • 1f · All other contributions, gifts and grants

    $121,949,440

  • 1g · Noncash contributions included above

    $4,722,755

  • 3 · Investment income

    total $10,065,042 · excluded $10,065,042

  • 5 · Royalties

    total $240,001 · excluded $240,001

  • 7a · Gross sales of assets other than inventory

    securities $430,318,873

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

    securities $437,990,189

  • 7c · Gain or loss

    securities -$7,671,316

  • 7d · Net gain or loss

    total -$7,671,316 · excluded -$7,671,316

  • 8a · Fundraising events: gross income

    $84,852

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

    $1,136,696

  • 8b · Fundraising events: direct expenses

    $202,642

  • 8c · Net income from fundraising events

    total -$117,790 · excluded -$117,790

  • 11a · Other revenue: INTERCOMPANY SUPPORT

    total $14,347,680 · related or exempt $14,347,680

  • 11b · Other revenue: EDUCATION SUPPORT

    total $141,000 · related or exempt $141,000

  • 11c · Other revenue: CONSULTING FEES

    total $110,617 · related or exempt $110,617

  • 11d · All other revenue

    total $76,936 · related or exempt $76,936

  • 11e · Other revenue, total

    $14,676,233

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,995,733 · program services $29,995,733

  • 7 · Other salaries and wages

    total $1,077 · fundraising $1,077

  • 10 · Payroll taxes

    total $2,621 · fundraising $2,621

  • 11c · Fees: accounting

    total $26,800 · management and general $26,800

  • 11f · Fees: investment management

    total $1,803,455 · management and general $1,803,455

  • 11g · Fees: other

    total $10,300 · fundraising $10,300

  • 13 · Office expenses

    total $4,587 · fundraising $4,587

  • 24a · Other expenses: FUNDRAISING EXPENDITURE

    total $14,145,553 · fundraising $14,145,553

  • 24b · Other expenses: PROPERTY TAXES

    total $314 · fundraising $314

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $92,666,129 · end of year $116,763,995

  • 4 · Accounts receivable

    beginning of year $703,944 · end of year $3,217,622

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

    $17,478

  • 10c · Land, buildings and equipment, net

    beginning of year $17,478 · end of year $17,478

  • 11 · Investments: publicly traded securities

    beginning of year $539,873,526 · end of year $480,958,298

  • 14 · Intangible assets

    beginning of year $826,203 · end of year $1,165,119

  • 15 · Other assets

    beginning of year $153,331,133 · end of year $185,281,791

  • 17 · Accounts payable and accrued expenses

    beginning of year $882,170 · end of year $1,143,492

  • 27 · Net assets without donor restrictions

    beginning of year $1,670,264 · end of year $2,408,969

  • 28 · Net assets with donor restrictions

    beginning of year $784,865,979 · end of year $783,851,842

Mission and programs · 2022

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

SEE SCHEDULE O.FORM 990, PART I, LINE 1 AND PART III, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION:THIS ORGANIZATION IS PART OF THE METHODIST HOSPITAL, DOING BUSINESS AS HOUSTON METHODIST HOSPITAL, WHOSE MISSION IS: TO PROVIDE HIGH QUALITY, COST-EFFECTIVE HEALTH CARE THAT DELIVERS THE BEST VALUE TO THE PEOPLE WE SERVE IN A SPIRITUAL ENVIRONMENT OF CARING IN ASSOCIATION WITH INTERNATIONALLY RECOGNIZED TEACHING AND RESEARCH.

  • CONTRIBUTIONS TO THE HOUSTON METHODIST HOSPITAL FOUNDATION ARE USED TO FUND VARIOUS RESEARCH, SPECIAL PURPOSE, OR OTHER DESIGNATED ENDOWMENT PROGRAMS AS REQUESTED BY THE DONOR. SPECIAL PURPOSE FUNDS CAN DESIGNATE SPECIALTY CARE FOR INDIGENT PATIENTS OR OTHER THINGS SUCH AS STROKE AWARENESS PROGRAMS FOR THE COMMUNITY. RESEARCH DESIGNATED FUND DONATIONS SUPPORT THINGS SUCH AS THE WORK OF DOCTORS IN EDUCATION AND RESEARCH, SCIENTISTS IN THE GENERAL INTERNAL MEDICINE DISCIPLINE, OR RESEARCH FOR NANOTECHNOLOGY IN TREATING BRAIN CANCERS.

    Expenses $29,995,733 · Grants $29,995,733 · Revenue $14,676,233

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Blanton Wareing

    DIRECTOR, VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Emily A Crosswell

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • John W Johnson

    DIRECTOR, CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Susan H Coulter

    DIRECTOR, PRESIDENT/CEO

    Total calculated
    $1,164,434
    From this org
    $0
    From related orgs
    $1,023,983
    Other
    $140,451
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $591,489 related
    Bonus
    $0 + $225,332 related
    Other
    $0 + $207,162 related
    Deferred
    $0 + $114,672 related
    Nontaxable benefits
    $0 + $25,779 related
    Filer's total
    $0 + $1,164,434 related

  • Ewing Werlein Jr

    DIRECTOR, SENIOR CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Charles W Duncan Jr

    DIRECTOR, PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • David M Underwood Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Dorothy Ables

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gregory V Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • James V Jim Walzel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John F Bookout

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • John S Steve Dunn Jr

    DIRECTOR, PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • Joseph C Rusty Walter III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Marc L Boom MD

    DIRECTOR

    Total calculated
    $4,821,137
    From this org
    $0
    From related orgs
    $4,017,895
    Other
    $803,242
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,018,602 related
    Bonus
    $0 + $1,358,631 related
    Other
    $0 + $640,662 related
    Deferred
    $0 + $777,250 related
    Nontaxable benefits
    $0 + $25,992 related
    Filer's total
    $0 + $4,821,137 related

  • Marcus Watts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marvy Finger

    DIRECTOR, PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • Michael M Cone

    DIRECTOR, PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • Vidal G Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Edward L Tyrrell

    TREASURER

    Total calculated
    $932,055
    From this org
    $0
    From related orgs
    $804,447
    Other
    $127,608
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $482,989 related
    Bonus
    $0 + $183,537 related
    Other
    $0 + $137,921 related
    Deferred
    $0 + $100,493 related
    Nontaxable benefits
    $0 + $27,115 related
    Filer's total
    $0 + $932,055 related

  • Kevin J Burns

    ASSISTANT SECRETARY

    Total calculated
    $2,044,935
    From this org
    $0
    From related orgs
    $1,794,772
    Other
    $250,163
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,005,503 related
    Bonus
    $0 + $463,100 related
    Other
    $0 + $326,169 related
    Deferred
    $0 + $222,824 related
    Nontaxable benefits
    $0 + $27,339 related
    Filer's total
    $0 + $2,044,935 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:
THE CEO OF THIS ORGANIZATION IS EMPLOYED BY A RELATED ORGANIZATION WHO UTILIZED THE FOLLOWING ITEMS TO ESTABLISH COMPENSATION: (1) COMPENSATION COMMITTEE; (2) INDEPENDENT COMPENSATION CONSULTANT; (3) COMPENSATION SURVEY OR STUDY; (4) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4A:
HOUSTON METHODIST HOSPITAL HAS A FORMAL SEVERANCE PLAN. ELIGIBLE EMPLOYEES INCLUDE ALL FULL-TIME AND PART-TIME (NOT TEMPORARY OR PRN) STAFF, INCLUDING HOURLY STAFF UP THROUGH SENIOR VICE PRESIDENTS PROVIDED THEY WORK AT LEAST 20 HOURS PER WEEK AND ARE NOT OTHERWISE COVERED BY A PHYSICIAN EMPLOYMENT AGREEMENT. THE PLAN ONLY PROVIDES SALARY AND BENEFITS IN THE EVENT AN ELIGIBLE EMPLOYEE IS INVOLUNTARILY TERMINATED DUE TO THE ELIMINATION OF THEIR POSITION OR IF THEIR CURRENT POSITION IS SIGNIFICANTLY IMPACTED BY AN ORGANIZATIONAL RESTRUCTURING OR CHANGE IN REQUIREMENT AND A COMPARABLE POSITION IS NOT AVAILABLE WITHIN THE ORGANIZATION. THE ELIGIBLE PERSON MUST ALSO SIGN A TERMINATION AGREEMENT IN ORDER TO RECEIVE SALARY CONTINUATION AND BENEFITS UNDER THE PLAN TO WHICH THEY WOULD NOT NORMALLY BE ELIGIBLE TO RECEIVE UNDER A VOLUNTARY RESIGNATION. NO SEVERANCE PAYMENT WAS MADE FROM THIS PLAN IN THE CURRENT YEAR.
SCHEDULE J, PART I, LINE 4B:
THE SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP) IS A NON-QUALIFIED EMPLOYER FUNDED PLAN. CONTRIBUTIONS ARE MADE ANNUALLY INTO A TAX DEFERRED ACCOUNT AND ARE CONSIDERED TAXABLE UPON VESTING (I.E. COMPLETION OF THREE YEARS OF VESTING SERVICE). ONCE VESTED, EACH YEAR'S SUBSEQUENT CONTRIBUTION IS TAXABLE WITHIN THE CALENDAR YEAR IN WHICH THE DEPOSIT WAS MADE. ACCOUNT BALANCES CANNOT BE ACCESSED UNTIL RETIREMENT OR TERMINATION (WHICHEVER OCCURS FIRST) AND MAY BE SUBJECT TO NON-REVOCABLE DISTRIBUTION OPTIONS SELECTED UPON EMPLOYMENT. NO PAYMENT WAS MADE FROM THIS PLAN IN THE CURRENT YEAR.

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.

  • MEDVEST 1 LIMITED PARTNERSHIP

    HEALTH CARE INVESTMENTS · TX

  • LITCHFIELD MEMORIAL PARTNERS LP

    PROPERTY INVESTMENTS · TX

Related corporations and trusts

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

  • ALLIED METHODIST HOSPITAL PHYSICIANS

    C · PHYSICIAN GROUP · TX

  • MEDVEST HOLDINGS INC

    C · INVESTMENT COMPANY · TX

  • MEDVEST INCORPORATED

    C · INVESTMENT COMPANY · TX

  • METHODIST WEST HOUSTON MOB CONDOMINIUM ASSOCIATION

    C · CONDOMINIUM ASSOCIATION · TX

  • METHODIST WILLOWBROOK MOB CONDOMINIUM ASSOCIATION

    C · CONDOMINIUM ASSOCIATION · TX

  • METHODIST WILLOWBROOK MOB CONDOMINIUM ASSOCIATION II

    C · CONDOMINIUM ASSOCIATION · TX

  • SJMH CONDOMINIUM ASSOCIATION

    C · CONDOMINIUM ASSOCIATION · TX

  • THE METHODIST HOSPITAL CONDOMINIUM ASSOCIATION

    C · CONDOMINIUM ASSOCIATION · TX

  • TMH MEDICAL OFFICE BUILDINGS CONDOMINIUM ASSOCIATION

    C · CONDOMINIUM ASSOCIATION · TX

  • METHODIST HEALTH CARE SYSTEM SHORT TERM DISABILITY PLAN TRUST

    T · INSURANCE TRUST · TX

  • ROMLAC INC

    C · REAL ESTATE INVESTMENT · TX

  • HOUSTON METHODIST THE WOODLANDS MOB CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

  • HOUSTON METHODIST ST CATHERINE MOB CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

  • HOUSTON METHODIST CLEAR LAKE HOSPITAL MOB CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202323079349300902

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