Form 990 for tax year 2023

Filed by MEMORIAL HERMANN FOUNDATION.

Totals

Total revenue: $88,610,493
Total expenses: $42,027,680
Contributions and grants received: $61,323,773
Grants paid: $31,722,062
Program service revenue: $0
Investment income: $27,094,859
Other revenue: $191,861
Total assets, end of year: $196,517,749
Total liabilities, end of year: $2,316,357
Net assets or fund balances, end of year: $194,201,392
Program services expenses (Part IX): $34,911,978
Management and general expenses: $2,521,877
Fundraising expenses: $4,593,825
Program service expenses (Part III): $34,911,978

Program services were 83.1% 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

$5,996,819
1d · Related organizations

$9,072,503
1f · All other contributions, gifts and grants

$46,254,451
1g · Noncash contributions included above

$83,373
3 · Investment income

total $27,094,859 · unrelated business $253,813 · excluded $26,841,046
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $191,861 · excluded $191,861
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0
7d · Net gain or loss

total $0
8a · Fundraising events: gross income

$1,865,664
8a · Fundraising events: contributions included on line 1c

$5,996,818
8b · Fundraising events: direct expenses

$1,865,664
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $31,580,504 · program services $31,580,504
2 · Grants to domestic individuals

total $141,558 · program services $141,558
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $0
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $3,586,186 · program services $1,142,808 · management and general $541,403 · fundraising $1,901,975
8 · Pension plan contributions

total $178,292 · program services $50,393 · management and general $47,615 · fundraising $80,284
9 · Other employee benefits

total $329,113 · program services $93,022 · management and general $87,894 · fundraising $148,197
10 · Payroll taxes

total $219,622 · program services $62,075 · management and general $58,653 · fundraising $98,894
11a · Fees: management

total $0
11b · Fees: legal

total $0
11c · Fees: accounting

total $23,686 · management and general $23,686
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $2,204,364 · program services $613,673 · management and general $684,317 · fundraising $906,374
12 · Advertising and promotion

total $17,853 · program services $6,062 · management and general $3,140 · fundraising $8,651
13 · Office expenses

total $1,083,562 · program services $372,256 · management and general $188,073 · fundraising $523,233
14 · Information technology

total $106,354 · program services $25,123 · management and general $40,373 · fundraising $40,858
15 · Royalties

total $0
16 · Occupancy

total $485,409 · program services $1,813 · management and general $481,162 · fundraising $2,434
17 · Travel

total $118,714 · program services $36,809 · management and general $26,272 · fundraising $55,633
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $11,507 · program services $3,204 · management and general $3,348 · fundraising $4,955
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $0
23 · Insurance

total $0
24a · Other expenses: SPECIAL FUNCTIONS

total $1,832,300 · program services $788,851 · management and general $276,249 · fundraising $767,200
24b · Other expenses: CONTRIBUTIONS

total $56,926 · program services $17,920 · management and general $13,367 · fundraising $25,639
24c · Other expenses: SYSTEM DERPARTMENT CHARGES

total $21,397 · management and general $21,397
24d · Other expenses: PUBLICATIONS % SUBSCRIPTIONS

total $19,225 · program services $2,918 · management and general $10,250 · fundraising $6,057
24e · All other expenses

total $11,108 · program services -$27,011 · management and general $14,678 · fundraising $23,441

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 $9,878,096 · end of year $15,681,261
3 · Pledges and grants receivable

beginning of year $27,196,698 · end of year $22,025,108
4 · Accounts receivable

beginning of year $0 · end of year $0
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
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $179,577
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $117,897,404 · end of year $152,165,283
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $3,638,665 · end of year $6,466,520
17 · Accounts payable and accrued expenses

beginning of year $1,672,003 · end of year $2,230,943
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $87,371 · end of year $85,414
27 · Net assets without donor restrictions

beginning of year $25,723,314 · end of year $40,173,541
28 · Net assets with donor restrictions

beginning of year $131,128,175 · end of year $154,027,851

Mission and programs · 2023

Mission

MEMORIAL HERMANN HEALTH SYSTEM IS A NONPROFIT, VALUES-DRIVEN, COMMUNITY-OWNED HEALTH SYSTEM DEDICATED TO IMPROVING HEALTH. OUR VISION IS TO CREATE HEALTHIER COMMUNITIES, NOW AND FOR GENERATIONS TO COME. OUR VALUES ARE COMMUNITY, COMPASSION, CREDIBILITY, AND COURAGE.

Activities or mission (Part I)

PROVIDE FUNDRAISING SUPPORT AND PROMOTIONAL EFFORTS TO MEMORIAL HERMANN HEALTH SYSTEM AND ITS TAX EXEMPT AFFILIATES AND THE PROGRAMS AND FUNCTIONS THAT THEY CONDUCT.

Disbursements to and on behalf of Memorial Hermann Health System and its affiliates for the funding of the purchase of patient-care related equipment, furnishings, and supplies and to fund medical programs for the benefit of various operating departments throughout the hospital locations.

Expenses $26,470,891 · Grants $24,052,238
Disbursements for the benefit of patients, employees, and retired employees of Memorial Hermann Health System and its affiliates who demonstrated a need for financial assistance because of an existing or continuing hardship including that of a Federally declared disaster area.

Expenses $5,808,943 · Grants $5,278,179
Disbursements to and on behalf of Memorial Hermann Health System and its affiliates to fund public, physicians, and employee training programs, health awareness, continuing education, medical seminars, Physician Graduate Medical Education Programs, and other medical courses of study.

Expenses $2,540,387 · Grants $2,308,272
Individual donations and contributions

Expenses $91,757 · Grants $83,373
to others

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

David L Callender

President

Total calculated

$5,920,234

From this org

$0

From related orgs

$5,391,502

Other

$528,732

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $1,788,992 related

Bonus

$0 + $3,558,383 related

Other

$0 + $44,127 related

Deferred

$0 + $501,714 related

Nontaxable benefits

$0 + $27,018 related

Filer's total

$0 + $5,920,234 related
Deborah Gordon

Secretary

Total calculated

$2,010,390

From this org

$0

From related orgs

$1,738,372

Other

$272,018

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $840,655 related

Bonus

$0 + $893,115 related

Other

$0 + $4,602 related

Deferred

$0 + $237,261 related

Nontaxable benefits

$0 + $34,757 related

Filer's total

$0 + $2,010,390 related
Alec King

Treasurer

Total calculated

$1,944,200

From this org

$0

From related orgs

$1,678,276

Other

$265,924

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $933,939 related

Bonus

$0 + $741,105 related

Other

$0 + $3,232 related

Deferred

$0 + $235,734 related

Nontaxable benefits

$0 + $30,190 related

Filer's total

$0 + $1,944,200 related
Anne E Neeson

CEO

Total calculated

$1,002,673

From this org

$0

From related orgs

$888,442

Other

$114,231

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $432,952 related

Bonus

$0 + $448,970 related

Other

$0 + $6,520 related

Deferred

$0 + $100,327 related

Nontaxable benefits

$0 + $13,904 related

Filer's total

$0 + $1,002,673 related
Warren Shea

Assistant Secretary

Total calculated

$714,014

From this org

$0

From related orgs

$589,880

Other

$124,134

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $379,926 related

Bonus

$0 + $207,934 related

Other

$0 + $2,020 related

Deferred

$0 + $96,355 related

Nontaxable benefits

$0 + $27,779 related

Filer's total

$0 + $714,014 related
Alejandra Loessin

Secretary

Total calculated

$612,402

From this org

$0

From related orgs

$514,196

Other

$98,206

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $336,437 related

Bonus

$0 + $176,989 related

Other

$0 + $770 related

Deferred

$0 + $69,838 related

Nontaxable benefits

$0 + $28,368 related

Filer's total

$0 + $612,402 related
Martin D Beirne

Director

Total calculated

$0

Hours/week

1
Tony Bradfield

Director

Total calculated

$0

Hours/week

1
Ed Emmett

Director

Total calculated

$0

Hours/week

1
David N Greenberg

Director

Total calculated

$0

Hours/week

1
Edd C Hendee

Director

Total calculated

$0

Hours/week

1
James J Postl

Director

Total calculated

$0

Hours/week

1
Hallie Vanderhider

Director

Total calculated

$0

Hours/week

1
A Blake Williams

Director

Total calculated

$0

Hours/week

1
Jo Lynn Falgout

Director

Total calculated

$0

Hours/week

1
Stephen Fraga

Director

Total calculated

$0

Hours/week

1
Zhanna Golodryga

Director

Total calculated

$0

Hours/week

1
Suzie E Johnson

Director

Total calculated

$0

Hours/week

1
Harry N Perfanis

Director

Total calculated

$0

Hours/week

1
Kristina H Somerville

Director

Total calculated

$0

Hours/week

1
Shawn Taylor

Director

Total calculated

$0

Hours/week

1
Sheridan Williams

Director

Total calculated

$0

Hours/week

1
Philamena Baird

Director

Total calculated

$0

Hours/week

1
Carin Barth

Director

Total calculated

$0

Hours/week

1
Morton A Cohn

Director

Total calculated

$0

Hours/week

1
John Eads

Director

Total calculated

$0

Hours/week

1
Luis Elizondo-Thomson

Director

Total calculated

$0

Hours/week

1
Samuel P Golden

Director

Total calculated

$0

Hours/week

1
Scott Holstead

Director

Total calculated

$0

Hours/week

1
William E King

Director

Total calculated

$0

Hours/week

1
Keith Mosing

Director

Total calculated

$0

Hours/week

1
Amy Pierce

Director

Total calculated

$0

Hours/week

1
Melinda Perrin

Director

Total calculated

$0

Hours/week

1
D Martin Phillips

Director

Total calculated

$0

Hours/week

1
Douglas W Schnitzer

Director

Total calculated

$0

Hours/week

1
Brent Secrest

Director

Total calculated

$0

Hours/week

1
Caralisa M Simon

Director

Total calculated

$0

Hours/week

1
James R Smith

Director

Total calculated

$0

Hours/week

1
Stephen M Trauber

Director

Total calculated

$0

Hours/week

1
Myron Blalock

Director

Total calculated

$0

Hours/week

1
Michael Jamieson

Director

Total calculated

$0

Hours/week

1
Deborah Byers

Director

Total calculated

$0

Hours/week

1
Fred Zeidman

Director

Total calculated

$0

Hours/week

1
Samuel G Pitts

Director

Total calculated

$0

Hours/week

1
Adrienne Amin

Director

Total calculated

$0

Hours/week

1
Franklin DR Jones JR

Director

Total calculated

$0

Hours/week

1
Zachary Matula

Director

Total calculated

$0

Hours/week

1
Gary R Petersen

Director

Total calculated

$0

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

3 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4b · Supplemental nonqualified retirement plan
7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990 SCHEDULE J Line 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: MEMORIAL HERMANN HEALTH SYSTEM SPONSORS TWO SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS; MEMORIAL HERMANN SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP); EXECUTIVE DEFERRED COMPENSATION PLAN (EDCP). THE FOLLOWING INDIVIDUALS PARTICIPATED IN AND/OR RECEIVED PAYMENTS (NOTED IN PARENTHESIS FOR SERP AND EDCP RESPECTIVELY) FROM MEMORIAL HERMANN HEALTH SYSTEM'S SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN DURING THE TAX YEAR: DEBORAH GORDON ($0/$202,761.16); WARREN SHEA ($0/$57,567.51); Anne Neeson ($0/$90,231.53) David Callendar ($0/$1,422,442.61) Alejandra Lossin ($4,769.52/$41.609.78).
form 990 Schedule J Part 1 Line 7: MEMORIAL HERMANN HEALTH SYSTEM HAS TWO INCENTIVE PROGRAMS IN WHICH CERTAIN MANAGEMENT INDIVIDUALS MAY PARTICIPATE, THE MANAGEMENT INCENTIVE BONUS AND LONG TERM INCENTIVE PLAN. THE MANAGEMENT INCENTIVE BONUS IS AN ANNUAL INCENTIVE DESIGNED TO ATTRACT AND RETAIN KEY LEADERS AND ESTABLISH GREATER ACCOUNTABILITY AND ALIGNMENT TO BUSINESS PERFORMANCE. PAYMENT AMOUNT TARGETS ARE BASED UPON A PERCENTAGE OF BASE SALARY, DEVELOPED BY INDEPENDENT THIRD PARTY EXPERTS. MEMORIAL HERMANN'S COMPENSATION COMMITTEE AND GOVERNING BOARD HAS FINAL DISCRETION WHETHER TO AWARD AMOUNTS TO INDIVIDUALS AND TO ADJUST THE PAYMENT AT THEIR SOLE DISCRETION. THE LONG TERM INCENTIVE PLAN IS BASED ON A THREE-YEAR PERFORMANCE PLAN, WHICH REWARDS KEY SENIOR LEADERS BY ALIGNING THEIR COMPENSATION TO STRATEGIC INITIATIVES OF MEMORIAL HERMANN. PERFORMANCE TARGETS ARE BASED UPON A PERCENTAGE OF THE INDIVIDUAL'S BASE SALARY AND ARE DEVELOPED BY INDEPENDENT THIRD PARTY EXPERTS USING MARKET COMPETITIVE DATA WITHIN THE GUIDES OF REASONABLENESS. AT THE END OF A THREE-YEAR PERIOD, MEMORIAL HERMANN'S COMPENSATION COMMITTEE REVIEWS PERFORMANCE AGAINST GOALS TO DETERMINE APPROPRIATE PAYOUT. MEMORIAL HERMANN'S COMPENSATION COMMITTEE AND GOVERNING BOARD HAS FINAL DISCRETION WHETHER TO AWARD AMOUNTS TO INDIVIDUALS AND TO ADJUST THE PAYMENT AT THEIR SOLE DISCRETION.

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

Memorial Hermann Health System

$31,580,504

Supported Org

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.

Memorial Hermann Health System

501(c)(3) · Healthcare · TX

Directly controlled by na
Memorial Hermann Community Benefits Corp

501(c)(3) · COMMUNITY · TX

Directly controlled by MHHS
Memorial Hermann Medical Group

501(c)(3) · PHYSICIAN SVC · TX

Directly controlled by MHHS
MHS Physicians of Texas

501(c)(3) · PHYSICIAN SVC · TX

Directly controlled by MHHS
Memorial Hermann Information Exchange

501(c)(3) · POP HEALTH · TX

Directly controlled by MHHS
Memorial Hermann Pharmacy Services LLC

501(c)(3) · PHARMACY · TX

Directly controlled by MHHS
Memorial Hermann Hospital Based Physicia

501(c)(3) · Physician SVC · TX

Directly controlled by MHHS

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.

MHUSP Surgery Ctr III LLP

AMB SURGERY CTR · TX

Directly controlled by na
MH Katy Rehab Hospital LLC

REHABILITATION · TX

Directly controlled by na
MHUSP Surgery Centers IV LLP

AMB SURGERY CTR · TX

Directly controlled by na
Virtus Memorial WLZ LLC

Investment · DE

Directly controlled by NA
Intrepid Private Equity SPV-NMP LP

Investment · DE

Directly controlled by NA
MHUSP Surgery Centers VI LLC

AMB SURGERY CTR · TX

Directly controlled by NA
MHUSP Surgery Centers VII LLC

AMB SURGERY CTR · TX

Directly controlled by NA
SP Taum Sauk Mountain LLC

Investment · TX

Directly controlled by NA
Redbird Vida Co- Invest LP

Investment · FL

Directly controlled by NA
Community First Development LP

Investment · TX

Directly controlled by NA
SL3 Trinity Holdings LLC

Investment · TX

Directly controlled by NA
Middleground Apex Co-Invest Partners LP

Investment · KY

Directly controlled by NA
Peak Rock Capital Credit Fund III LP

Investment · TX

Directly controlled by NA
MEMORIAL HERMANN-GOHEALTH URGENT CARE L

URGENT CARE CTRS · TX

Directly controlled by NA

Related corporations and trusts

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

MHMD

C Corp · INTEGRATED PN · TX

Directly controlled by NA
The Health Professionals Ins Company LTD

Foreign · INVESTMENTS · CJ

Directly controlled by NA
Memorial Hermann Health Solutions

C Corp · 3RD PARTY ADM · TX

Directly controlled by NA
Memorial Hermann Health Insurance

c corp · Insurance · TX

Directly controlled by NA
Memorial Hermann Health Plan Inc

C Corp · Insurance · TX

Directly controlled by na
Memorial Hermann Health Plan Holdings LL

C Corp · Holding Company · TX

Directly controlled by NA
MH Commercial Health Plan Inc

C Corp · Insurance · TX

Directly controlled by NA
Memorial Hermann Ventures LLC

C corp · Holding Company · TX

Directly controlled by NA
Memorial Hermann Urgent Care PLLC

C Corp · Urgent Care Ctr · TX

Directly controlled by NA
MH HOLDCO LLC

C Corp · Holding Company · TX

Directly controlled by NA
Memorial Hermann Accountable Care Org

C Corp · ACO · TX

Directly controlled by NA
MHMG Primary Care

C Corp · Physician Svc · TX

Directly controlled by NA
Memorial Hermann Primary Care Alliance

C Corp · Physician Svc · TX

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 May 2025
IRS schema version: 2023v6.0
Source object: 202521349349302892

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