The Physicians Foundation Inc
- Assets
- $120.3m
- Revenue
- $5.6m
- Investments
- $80.1m
- Employees
- 2
- Location
- Austin, TX
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-0914085
Organization Overview
The Physicians Foundation Inc is located in Austin, TX. The organization was established in 2006. According to its NTEE Classification (F12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Physicians Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Physicians Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Physicians Foundation Inc generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Physicians Foundation Inc has awarded 186 individual grants totaling $28,559,439. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO ADVANCE THE WORK OF PRACTICING PHYSICIANS AND TO IMPROVE THE QUALITY OF HEALTH CARE FOR ALL AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHYSICIAN LEADERSHIP - GRANTS AND PROGRAMS TO EQUIP PHYSICIANS WITH THE CORE MANAGEMENT AND LEADERSHIP SKILLS NEEDED AS THEY INCREASINGLY FACE ADMINISTRATIVE AND REGULATORY BURDENS.
GENERAL HEALTH INITIATIVES - INCLUDE SOCIAL DETERMINANTS, DIRECT PRIMARY CARE EDUCATION, AND THE DEVELOPMENT OF TOOLS AND RESOURCES TO HELP PHYSICIAN PRACTICES IMPLEMENT TELEMEDICINE AND TECHNOLOGY.
WELLNESS - GRANTS AND PROGRAMS TO SUPPORT SYSTEMIC CHANGE AND INNOVATIVE RESEARCH THAT REDUCES PHYSICIAN BURNOUT WHICH CAN HAVE DEVASTATING EFFECTS ON PHYSICIANS' QUALITY OF LIFE, AS WELL AS ON COST OF, ACCESS TO, AND QUALITY OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Price MD Chairman | OfficerTrustee | 20 | $100,000 |
Subhi Ali MD Treasurer | OfficerTrustee | 5 | $14,000 |
Sandra Johnson Member | Trustee | 5 | $6,000 |
Russell Libby MD Member | Trustee | 5 | $0 |
Rip Hollister MD Member | Trustee | 5 | $12,000 |
Ralph Nobo MD Member | Trustee | 5 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weil Medical College Of Cornell Universi Academic Research | 12/30/23 | $587,492 |
Jpa Health Communications Communications | 12/30/23 | $448,016 |
Gma Foundations Grant Management | 12/30/23 | $414,161 |
Webmd Survey | 12/30/23 | $250,850 |
The Health Initiative Impact Research | 12/30/23 | $190,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,126,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,492,982 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,621,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,540,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $735,899 |
| Compensation of current officers, directors, key employees. | $242,477 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,693 |
| Fees for services: Accounting | $123,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $212,186 |
| Fees for services: Other | $875,248 |
| Advertising and promotion | $0 |
| Office expenses | $6,524 |
| Information technology | $94,560 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $322,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $201,226 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,164 |
| All other expenses | $0 |
| Total functional expenses | $5,220,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,872 |
| Savings and temporary cash investments | $3,151,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $414,618 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $36,010,723 |
| Investments—other securities | $80,126,658 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,303,766 |
| Accounts payable and accrued expenses | $137,508 |
| Grants payable | $1,261,015 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,398,523 |
| Net assets without donor restrictions | $118,905,243 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $120,303,766 |
Grants Awarded
Over the last fiscal year, The Physicians Foundation Inc has awarded $1,540,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PALM BEACH COUNTY MEDICAL SOCIETY SERVICES PURPOSE: TO ENHANCE THE PHYSICIAN LEADERSHIP ACADEMY COLLABORATION BETWEEN THREE COUNTY MEDICAL SOCIETIES | $150,000 |
MEDICAL EDUCATION AND SCIENTIFIC FOUNDATION OF NY PURPOSE: TO SUPPORT A LEADERSHIP PROGRAM TARGETING WOMEN PHYSICIANS; TO ADDRESS BURNOUT AMONG THE STATE'S PHYSICIANS BY PROVIDING TRAINING AND SUPPORT FOR IMPLEMENTING PRACTICE-LEVEL CHANGES | $150,000 |
MEDICAL SOCIETY OF VIRGINIA FOUNDATION PURPOSE: SAFE HAVEN IMPLEMENTATION TOOLKIT | $50,000 |
DR LORNA BREEN HEROES' FOUNDATION PURPOSE: TO PROMOTE A WELLNESS PROGRAM | $750,000 |
AMERICAN ACADEMY OF PEDIATRICS PURPOSE: WOMEN'S WELLBEING FOR EARLY TO MID-CAREER WOMEN PHYSICIANS | $150,000 |
TRAVIS COUNTY MEDICAL SOCIETY FOUNDATION PURPOSE: ASSIST MEDICAL SOCIETIES AS THEY IMPLEMENT LIFEBRIDGE PHYSICIAN WELLNESS PROGRAM | $40,000 |