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Nonprofiteer
← TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION

Form 990 for tax year 2023

Filed by TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION.

Totals

Total revenue
$1,054,892
Total expenses
$504,360
Contributions and grants received
$889,483
Grants paid
$305,350
Program service revenue
$20,257
Investment income
$145,152
Other revenue
$0
Total assets, end of year
$5,076,655
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,076,655
Program services expenses (Part IX)
$397,644
Management and general expenses
$106,716
Fundraising expenses
$0
Program service expenses (Part III)
$397,644

Program services were 78.8% 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.

  • 1d · Related organizations

    $294,910

  • 1f · All other contributions, gifts and grants

    $594,573

  • 2a · Program service revenue: STUDENT LOAN INTEREST

    total $20,257 · related or exempt $20,257

  • 3 · Investment income

    total $112,207 · excluded $112,207

  • 7a · Gross sales of assets other than inventory

    securities $392,488

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

    securities $359,543

  • 7c · Gain or loss

    securities $32,945

  • 7d · Net gain or loss

    total $32,945 · excluded $32,945

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $142,600 · program services $142,600

  • 2 · Grants to domestic individuals

    total $162,750 · program services $162,750

  • 11a · Fees: management

    total $77,686 · management and general $77,686

  • 11c · Fees: accounting

    total $2,654 · management and general $2,654

  • 11f · Fees: investment management

    total $13,515 · management and general $13,515

  • 13 · Office expenses

    total $17,906 · program services $17,906

  • 14 · Information technology

    total $12,861 · management and general $12,861

  • 17 · Travel

    total $14,216 · program services $14,216

  • 19 · Conferences, conventions and meetings

    total $4,136 · program services $4,136

  • 24a · Other expenses: MISCELLANEOUS (BIKE HEL

    total $55,693 · program services $55,693

  • 24b · Other expenses: BAD DEBT (RECOVERY)

    total $343 · program services $343

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $363,414 · end of year $758,163

  • 4 · Accounts receivable

    beginning of year $218,921 · end of year $222,188

  • 7 · Other notes and loans receivable

    beginning of year $465,432 · end of year $505,270

  • 11 · Investments: publicly traded securities

    beginning of year $3,159,239 · end of year $3,591,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,750 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,780,353 · end of year $4,658,752

  • 28 · Net assets with donor restrictions

    beginning of year $417,903 · end of year $417,903

Mission and programs · 2023

Mission

THE FOUNDATION 1)SUPPORTS PUBLIC HEALTH PROGRAMS 2) PROVIDES LOANS TO MEDICAL STUDENTS, RESIDENTS, AND GRADUATE STUDENTS 3) LIMITED GRANTS 4)UNDERWRITES LECTURESHIPS REGARDING MEDICINE AND THE LAW.

  • PUBLIC HEALTH INITIATIVES SUCH AS HEARTCARE, BIKE HELMETS FOR KIDS, IMMUNIZATION, PATIENT SAFETY, AND HEALTH INFORMATION TECHNOLOGY.

    Expenses $206,527 · Grants $142,600

  • SCHOLARSHIP AWARD FOR APPLICANTS PURSUING CAREERS IN MEDICINE OR ALLIED HEALTH.

    Expenses $189,182 · Grants $162,750

  • ADMINISTRATION OF MEDICAL STUDENT LOAN PROGRAM. THE FUND LOANS MONEY TO QUALIFIED MEDICAL STUDENTS WHO ESTABLISH A FINANCIAL NEED. DURING 2023, 15 LOANS FOR WERE ISUED FOR TOTAL OF $60,000.

    Expenses $1,935 · Revenue $20,257

As filed on the 2023 return.

Listed in Part VII

  • Richard W Snyder II MD

    PRES(23-24)/PRES-ELECT(22-23)

    Total calculated
    $133,333
    From this org
    $0
    From related orgs
    $133,333
    Other
    $0
    Hours/week
    1 + 2 related

  • Gary W Floyd MD

    PRES(22-23)/IMMED PAST PRES(23-24)

    Total calculated
    $66,667
    From this org
    $0
    From related orgs
    $66,667
    Other
    $0
    Hours/week
    1 + 2 related

  • E Linda Villarreal MD

    IMMED PAST PRES(22-23)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • G Ray Callas MD

    PRES-ELECT(23-24)/CHAIR (22-23)

    Total calculated
    $4,000
    From this org
    $0
    From related orgs
    $4,000
    Other
    $0
    Hours/week
    1 + 2 related

  • Michelle A Berger MD

    SECRETARY/TREASURER(22-23)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Gregory M Fuller MD

    SECRETARY/TREASURER(23-24)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Bradford W Holland MD

    SPEAKER OF THE HOUSE

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • John G Flores MD

    VICE SPEAKER OF THE HOUSE

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Keith A Bourgeois MD

    CHAIR (23-24)/VICE CHAIR (22-23)

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    1 + 2 related

  • Joseph S Valenti MD

    VICE CHAIR (23-24)/TRUSTEE (22-23)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Jayesh B Shah MD

    SECRETARY (23-24)/TRUSTEE (22-23)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • John T Carlo MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Lisa L Ehrlich MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Cynthia A Jumper MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Kimberly E Monday MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Bradford S Patt MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Tony R Aventa MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Samuel E Mathis MD

    YOUNG PHYSICIAN MBR

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Alixandria F Pfeiffer Do

    RESIDENT/FELLOW MBR (22-23)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Subhan Tabba MD

    RESIDENT/FELLOW MBR (23-24)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Abhishek Dharan

    MEDICAL STUDENT MBR (22-23)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Katherine Russell

    MEDICAL STUDENT MBR (23-24)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Michael J Darrouzet

    EVP/CEO

    Total calculated
    $644,210
    From this org
    $0
    From related orgs
    $598,400
    Other
    $45,810
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,000 related
    Bonus
    $0
    Other
    $0 + $31,400 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $12,810 related
    Filer's total
    $0 + $644,210 related

  • John E Dorman

    COO

    Total calculated
    $542,200
    From this org
    $0
    From related orgs
    $464,190
    Other
    $78,010
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,000 related
    Bonus
    $0 + $250 related
    Other
    $0 + $48,940 related
    Deferred
    $0 + $65,200 related
    Nontaxable benefits
    $0 + $12,810 related
    Filer's total
    $0 + $542,200 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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
14 October 2024
IRS schema version
2023v5.1
Source object
202422909349301472

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