Form 990 for tax year 2022

Totals

Total revenue

$1,997,000

Total expenses

$2,616,921

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$1,996,420

Investment income

$0

Other revenue

$580

Total assets, end of year

$27,155,453

Total liabilities, end of year

$22,778,756

Net assets or fund balances, end of year

$4,376,697

Program services expenses (Part IX)

$2,616,921

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$2,616,921

Program services were 100.0% 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.

Mission and programs · 2022

• THE ORGANIZATION AND THE FOUNDATION DEVELOPED A BIOMEDICAL RESEARCH FACILITY THAT HOUSES: (1) MEDICAL RESEARCH AND BUSINESS INCUBATOR FACILITIES (2) ADMINISTRATION FOR TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER EL PASO, AND (3) MEDICAL CENTER OF THE AMERICAS FOUNDATION OFFICES. THE FIRST PHASE OF THE DEVELOPMENT, A 60,000 SQUARE FOOT BUILDING KNOWN AS THE CARDWELL COLLABORATIVE, WHICH WAS BUILT TO HOUSE STATE-OF-THE ART RESEARCH AND BUSINESS INCUBATIONS, WAS OPENED IN 2016.

  Expenses $2,616,921 · Revenue $1,997,000

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

Listed in Part VII

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

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

No itemized grants to organizations 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.

• MEDICAL CENTER OF THE AMERICAS FOUNDATION

  501(C)(3) · ADVANCE DEVELOPMENT OF MCA CAMPUS AND BIOMEDICAL INNOVATION AND RESEARCH · TX

  Directly controlled by MCAMERICAS HOLIDINGS INC

• MCAMERICAS REALTY INC

  501(C)(3) · ACQUISITION, HOLDING, AND LEASING REAL ESTATE · TX

  Directly controlled by MCAMERICAS HOLDINGS INC

• MCAMERICAS HOLDINGS INC

  501(C)(3) · SUPPORTING ORGANIZATION SERVING AS PARENT HOLDING COMPANY · TX

• MCA REVERE REALTY INC

  501(C)(3) · ACQUISITION, HOLDING, AND LEASING REAL ESTATE · TX

  Directly controlled by MCAMERICAS HOLDINGS INC

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.

Provenance

Return type

form_990

Tax year

2022

Filed

19 July 2023

IRS schema version

2022v5.0

Source object

202322149349301812

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