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← METHODIST RICHARDSON MEDICAL CENTER FOUNDATION

Form 990 for tax year 2022

Filed by METHODIST RICHARDSON MEDICAL CENTER FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 12 August 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$675,148 changed to $311,320
Total expenses
$99,282 changed to $96,631
Contributions and grants received
$653,750 changed to $374,399
Grants paid
$91,382 changed to $93,360
Investment income
$37,072 changed to $26,142
Other revenue
-$15,674 changed to -$89,221
Total assets, end of year
$3,704,121 changed to $4,010,696
Net assets or fund balances, end of year
$3,681,559 changed to $3,988,134
Program services expenses
$91,382 changed to $93,360
Management and general expenses
$7,900 changed to $3,271
Program service expenses (Part III)
$91,382 changed to $93,360

Listed only on the earlier return

  • BRIAN RANKIN
  • DANNA MELCHER
  • DR STELLA GOLA
  • SCOTT JESSEN
  • SHEENA PAYNE

Listed under a different title

  • ABIR AHMAD MD: DIRECTOR (BEGINNING JAN 2023) then Director
  • CATHERINE BURDETTE: DIRECTOR (BEGINNING JAN 2023) then Director
  • CLAY HARRISON: Vice Chair of Fund Development (BEGINNING JAN 2023) then VICE CHAIR OF FUND DEVELOPMENT
  • DEREK WILLIAMS MD: DIRECTOR (BEGINNING JAN 2023) then Director
  • GLENN SCOTT: CHAIR (BEGINNING JAN 2023) then CHAIR
  • MARY BEDOSKY: Vice Chair of Finance (BEGINNING JAN 2023) then VICE CHAIR OF FINANCE
  • Marta Gomez Frey: Vice Chair of Governance (BEGINNING JAN 2023) then VICE CHAIR OF GOVERNANCE
  • PARIN MAKADIA MD: DIRECTOR (BEGINNING JAN 2023) then Director

Totals

Total revenue
$675,148
Total expenses
$99,282
Contributions and grants received
$653,750
Grants paid
$91,382
Program service revenue
$0
Investment income
$37,072
Other revenue
-$15,674
Total assets, end of year
$3,704,121
Total liabilities, end of year
$22,562
Net assets or fund balances, end of year
$3,681,559
Program services expenses (Part IX)
$91,382
Management and general expenses
$7,900
Fundraising expenses
$0
Program service expenses (Part III)
$91,382

Program services were 92.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $403,252

  • 1d · Related organizations

    $5,000

  • 1e · Government grants (contributions)

    $15,000

  • 1f · All other contributions, gifts and grants

    $230,498

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $16,175 · excluded $16,175

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $22,756

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

    securities $1,859

  • 7c · Gain or loss

    securities $20,897 · other assets $0

  • 7d · Net gain or loss

    total $20,897 · excluded $20,897

  • 8a · Fundraising events: gross income

    $12,348

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

    $403,252

  • 8b · Fundraising events: direct expenses

    $28,022

  • 8c · Net income from fundraising events

    total -$15,674 · excluded -$15,674

  • 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 $91,382 · program services $91,382

  • 11g · Fees: other

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

  • 13 · Office expenses

    total $7,900 · management and general $7,900

  • 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 $2,051,783 · end of year $2,615,400

  • 2 · Savings and temporary cash investments

    beginning of year $539,806 · end of year $543,050

  • 3 · Pledges and grants receivable

    beginning of year $10,332 · end of year $13,331

  • 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 $28,022 · end of year $0

  • 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 $533,435 · end of year $532,340

  • 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 $22,562 · end of year $22,562

  • 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 $1,242,361 · end of year $1,219,168

  • 28 · Net assets with donor restrictions

    beginning of year $1,898,455 · end of year $2,462,391

Mission and programs · 2022

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.

  • 2022 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 2022 NET PROCEEDS WERE DESIGNATED TO SUPPORT OPERATIONS OF THE METHODIST HEALTH SYSTEM AND A PORTION WAS DESIGNATED SPECIFICALLY FOR METHODIST HEALTH SYSTEM CANCER PROGRAM.

    Expenses $91,382 · Grants $91,382

As filed on the 2022 return.

Listed in Part VII

  • CINDI JACKSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CLAY HARRISON

    Vice Chair of Fund Development (BEGINNING JAN 2023)

    Total calculated
    $0
    Hours/week
    1

  • DANNA MELCHER

    CHAIR (THROUGH DEC 2022)

    Total calculated
    $0
    Hours/week
    1

  • GLENN SCOTT

    CHAIR (BEGINNING JAN 2023)

    Total calculated
    $0
    Hours/week
    1

  • Marta Gomez Frey

    Vice Chair of Governance (BEGINNING JAN 2023)

    Total calculated
    $0
    Hours/week
    1

  • MARY BEDOSKY

    Vice Chair of Finance (BEGINNING JAN 2023)

    Total calculated
    $0
    Hours/week
    1

  • SCOTT JESSEN

    VICE CHAIR OF FINANCE (THROUGH JAN 2023)

    Total calculated
    $0
    Hours/week
    1

  • ABIR AHMAD MD

    DIRECTOR (BEGINNING JAN 2023)

    Total calculated
    $626,395
    From this org
    $0
    From related orgs
    $611,362
    Other
    $15,033
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $327,454 related
    Bonus
    $0 + $283,578 related
    Other
    $0 + $330 related
    Deferred
    $0 + $9,407 related
    Nontaxable benefits
    $0 + $5,626 related
    Filer's total
    $0 + $626,395 related

  • BARRY YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN RANKIN

    DIRECTOR (THROUGH DEC 2022)

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE BURDETTE

    DIRECTOR (BEGINNING JAN 2023)

    Total calculated
    $0
    Hours/week
    1

  • DEREK WILLIAMS MD

    DIRECTOR (BEGINNING JAN 2023)

    Total calculated
    $925,544
    From this org
    $0
    From related orgs
    $893,653
    Other
    $31,891
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $711,435 related
    Bonus
    $0 + $181,520 related
    Other
    $0 + $698 related
    Deferred
    $0 + $21,864 related
    Nontaxable benefits
    $0 + $10,027 related
    Filer's total
    $0 + $925,544 related

  • DR STELLA GOLA

    DIRECTOR (THROUGH DEC 2022)

    Total calculated
    $0
    Hours/week
    1

  • PARIN MAKADIA MD

    DIRECTOR (BEGINNING JAN 2023)

    Total calculated
    $7,321
    From this org
    $0
    From related orgs
    $7,321
    Other
    $0
    Hours/week
    1

  • SHEENA PAYNE

    DIRECTOR (THROUGH MAY 2023)

    Total calculated
    $0
    Hours/week
    1

  • TEDDY KINZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • YOGI CHIMATA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORI VILLARREAL

    Executive Director

    Total calculated
    $129,729
    From this org
    $0
    From related orgs
    $112,823
    Other
    $16,906
    Hours/week
    1

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

None.

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

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.

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
2022
Filed
17 April 2024
IRS schema version
2022v5.0
Source object
202431089349300238

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