Titus Regional Medical Foundation Inc
- Assets
- $407.9k
- Revenue
- $169.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Pleasant, TX
- Founding
- 07/2004
- Data as of
- 09/2019
- EIN
- 20-1085300
Organization Overview
Titus Regional Medical Foundation Inc is located in Mount Pleasant, TX. The organization was established in 2004. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Titus Regional Medical 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 09/2019, Titus Regional Medical Foundation Inc generated $169.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $152.2k during the year ending 09/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MAJOR OBJECTIVES OF THE ORGANIZATION ARE TO ASSIT TITUS REGIONAL MEDICAL CENTER IN PROVIDING QUALTITY HEALTH CARE SERVICES FOR THE PEOPLE OF TITUS COUNTY AND CONDUCTING EDUCATIONAL PROGRAMS IN MEDICINE, NURSING AND MEDICALLY RELATED FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EXISTS SOLELY FOR THE BENEFIT OF TITUS REGIONAL MEDICAL CENTER. THE EXPENSES REFLECT THE COSTS ASSOCIATED WITH MAINTAING THE INVESTMENT THAT HAVE BEEN DONATED TO THE FOUNDATION AND GRANTS PAID TO THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Rundles Secretary | OfficerTrustee | 1 | $0 |
Don Lowry Chair | OfficerTrustee | 1 | $0 |
Terry Scoggin CEO | OfficerTrustee | 1 | $0 |
Rob Holliday Vice-Chair | OfficerTrustee | 1 | $0 |
Tim Pugsley Cio | Officer | 1 | $0 |
Patricia Boeckmann COO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,698 |
| Investment income | $3,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,563 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125 |
| Advertising and promotion | $0 |
| Office expenses | $102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $152,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $82,436 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $196 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $407,860 |
| Accounts payable and accrued expenses | $2,294 |
| Grants payable | $0 |
| 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 | $2,294 |
| Net assets without donor restrictions | $405,566 |
| 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 |
| Total liabilities and net assets/fund balances | $405,566 |
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|---|---|---|
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Transport Workers Mta Health And Welfare Tr Houston, TX | $10,025,707 | $53,517,376 |
Harris County Hospital District Foundation Bellaire, TX | $42,615,141 | $23,031,096 |
W I Cook Foundation Inc Fort Worth, TX | $3,246,012,284 | $259,660,047 |
Childrens Medical Center Foundation Dallas, TX | $1,970,405,088 | $64,214,565 |
Gshs Administrative Services Organization Inc Longview, TX | $3,821,992 | $32,386,518 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
St Joseph Services Corporation Bryan, TX | $46,581,742 | $27,740,881 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |