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← TARRANT COUNTY MEDICAL SOCIETY SCHOLARSHIP TRUST FUND

Form 990 for tax year 2022

Filed by TARRANT COUNTY MEDICAL SOCIETY SCHOLARSHIP TRUST FUND.

Totals

Total revenue
$7,871
Total expenses
$43,908
Contributions and grants received
$0
Grants paid
$22,450
Program service revenue
$0
Investment income
$7,871
Other revenue
$0
Total assets, end of year
$791,940
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$791,940
Program services expenses (Part IX)
$22,450
Management and general expenses
$21,458
Fundraising expenses
$0
Program service expenses (Part III)
$22,450

Program services were 51.1% 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.

  • 3 · Investment income

    total $13,169 · excluded $13,169

  • 7a · Gross sales of assets other than inventory

    securities $442,663

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

    securities $447,961

  • 7c · Gain or loss

    securities -$5,298

  • 7d · Net gain or loss

    total -$5,298 · excluded -$5,298

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $22,450 · program services $22,450

  • 11b · Fees: legal

    total $7,981 · management and general $7,981

  • 11c · Fees: accounting

    total $7,874 · management and general $7,874

  • 11f · Fees: investment management

    total $5,603 · management and general $5,603

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $285,414 · end of year $35,040

  • 11 · Investments: publicly traded securities

    beginning of year $588,631 · end of year $756,900

  • 27 · Net assets without donor restrictions

    beginning of year $874,045 · end of year $791,940

Mission and programs · 2022

Mission

TO ENCOURAGE THOSE ENTERING THE MEDICAL SUPPORT FIELD BY PROVIDING SCHOLARSHIPS TO PERSONS STUDYING TO BE MEDICAL SUPPORT PERSONNEL.

Activities or mission (Part I)

ENCOURAGE STUDENTS BY PROVIDING SCHOLARSHIPS TO PERSONS STUDYING TO BE MEDICAL SUPPORT PERSONNEL.

  • SCHOLARSHIPS ARE GRANTED TO PERSONS STUDYING TO BE MEDICAL SUPPORT PERSONNEL AND RECIPIENTS ARE SELECTED BY A COMMITTEE OF PHYICIANS WHO REVIEW APPLICATIONS.

    Expenses $22,450 · Grants $22,450

As filed on the 2022 return.

Listed in Part VII

  • Brian Swift

    EXECUTIVE DI

    Total calculated
    $265,079
    From this org
    $0
    From related orgs
    $234,300
    Other
    $30,779
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $234,300 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $18,744 related
    Nontaxable benefits
    not reported + $12,035 related
    Filer's total
    not reported + $265,079 related

  • Stuart C Pickell MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Omar Selod Do

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Cheryl Hurd MD

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Triwanna Fisher-Wikoff MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Shanna Combs MD

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Angela Self MD

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tilden Childs III MD

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1 + 2 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

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 III
THE EXECUTIVE DIRECTOR IS ALSO THE EXECUTIVE DIRECTOR OF THE RELATED ENTITY TARRANT COUNTY MEDICAL SOCIETY. SALARY WAS SET BY THE BOARD OF TRUSTEES OF THE RELATED ENTITY USING INDEPENDENT DATA FROM THE AMERICAN ASSOCIATION FOR MEDICAL SOCIETY EXECUTIVES AND THIS USE WAS SUBSTANTIATED IN THE MINUTES OF THE TRUSTEES MEETING IN WHICH THE REVIEW OCCURED.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202430469349302228

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