Form 990 for tax year 2024
Filed by THE METHODIST HOSPITALS FOUNDATION INC.
Totals
- Total revenue
- $763,170
- Total expenses
- $774,301
- Contributions and grants received
- $803,271
- Grants paid
- $560,718
- Program service revenue
- $0
- Investment income
- $26,870
- Other revenue
- -$66,971
- Total assets, end of year
- $640,188
- Total liabilities, end of year
- $13,580
- Net assets or fund balances, end of year
- $626,608
- Program services expenses (Part IX)
- $746,083
- Management and general expenses
- $28,218
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $746,083
Program services were 96.4% 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
$329,847
-
1e · Government grants (contributions)
$99,293
-
1f · All other contributions, gifts and grants
$374,131
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $26,870 · excluded $26,870
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: gross income
$79,200
-
8a · Fundraising events: contributions included on line 1c
$329,847
-
8b · Fundraising events: direct expenses
$148,290
-
8c · Net income from fundraising events
total -$69,090 · excluded -$69,090
-
11a · Other revenue: DONATION ALLOCATION FEE
total $2,119 · related or exempt $2,119
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,119
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $560,718 · program services $560,718
-
4 · Benefits paid to or for members
total $0 · program services $0
-
11c · Fees: accounting
total $2,375 · management and general $2,375
-
11g · Fees: other
total $20,615 · program services $0 · management and general $20,615 · fundraising $0
-
13 · Office expenses
total $146 · management and general $146
-
24a · Other expenses: STAR PROGRAM
total $185,365 · program services $185,365
-
24b · Other expenses: OTHER ADMINISTRATIVE EXPENSES
total $4,671 · management and general $4,671
-
24c · Other expenses: PRINTING AND POSTAGE
total $411 · management and general $411
-
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 $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $814,117 · end of year $602,332
-
3 · Pledges and grants receivable
beginning of year $109,465 · end of year $19,042
-
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 $15,240 · end of year $18,814
-
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
-
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 $251,083 · end of year $13,580
-
19 · Deferred revenue
beginning of year $50,000 · end of year $0
-
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 $583,458 · end of year $590,503
-
28 · Net assets with donor restrictions
beginning of year $54,281 · end of year $36,105
Mission and programs · 2024
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 HOSPITALS, INC. IN ITS MISSION TO DELIVER EXCEPTIONAL HEALTHCARE BY FUNDRAISING FOR CLINICAL AREAS TO ENHANCE PATIENT CARE.
Expenses $746,083 · Grants $560,718 · Revenue $2,119
As filed on the 2024 return.
Listed in Part VII
-
Heather McCarthyHEATHER MCCARTHY
PRESIDENT
- Total calculated
- $6,000
- From this org
- $0
- From related orgs
- $6,000
- Other
- $0
- Hours/week
- 0.3
-
Ronald McCollyRONALD MCCOLLY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.2
-
Stephen PlaceSTEPHEN PLACE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
Chareice WhiteCHAREICE WHITE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Gary MillerGARY MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Glenn S VicianGLENN 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
-
J Niall McShaneJ NIALL MCSHANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.8
-
Maha AlzeidanMAHA ALZEIDAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Matthew DoyleMATTHEW DOYLE
BOARD MEMBER
- Total calculated
- $712,496
- From this org
- $0
- From related orgs
- $635,143
- Other
- $77,353
- Hours/week
- 0.3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $592,632 related
- Bonus
- $0 + $42,511 related
- Other
- $0
- Deferred
- $0 + $56,182 related
- Nontaxable benefits
- $0 + $21,171 related
- Filer's total
- $0 + $712,496 related
-
Mattison A DiltsMATTISON A DILTS
BOARD MEMBER
- Total calculated
- $2,500
- From this org
- $0
- From related orgs
- $2,500
- Other
- $0
- Hours/week
- 0.2 + 2.2 related
-
Mihaela CondurateanuMIHAELA CONDURATEANU
BOARD MEMBER (THRU 1/19/2024)
- Total calculated
- $0
- Hours/week
- 0.2
-
Panna Barai MDPANNA BARAI MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Patrick SalviPATRICK SALVI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Sharon ChambersSHARON CHAMBERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Judy LindseyJUDY LINDSEY
EXECUTIVE DIRECTOR
- Total calculated
- $174,273
- From this org
- $163,691
- From related orgs
- $0
- Other
- $10,582
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,676
- Bonus
- $4,015
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,582
- Filer's total
- $174,273
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 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
-
$558,438
SUPPORT DEPARTMENTS OF THE METHODIST HOSPITALS
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.
-
501(c)(3) · HEALTH CARE · IN
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202533109349301713
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