Medical Center Of The Americasfoundation
- Assets
- $15.7m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 20
- Location
- El Paso, TX
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 20-8314979
Organization Overview
Medical Center Of The Americasfoundation is located in El Paso, TX. The organization was established in 2007. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Medical Center Of The Americasfoundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Center Of The Americasfoundation 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, Medical Center Of The Americasfoundation generated $5.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Medical Center Of The Americasfoundation has awarded 17 individual grants totaling $2,001,142. 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 PURPOSE OR PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: (1) TO ENCOURAGE AND ASSIST IN THE ESTABLISHMENT OF A MEDICAL CENTER IN EL PASO, TEXAS; (2) TO FACILITATE AND PROMOTE MEDICAL RESEARCH AND EDUCATION TO ADDRESS HEALTH ISSUES IMPACTING THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; (3) TO MAKE GRANTS, LOANS OR OTHER DISTRIBUTIONS TO QUALIFIED ORGANIZATIONS OR INDIVIDUALS EXCLUSIVELY TO ADDRESS THE HEALTH NEEDS OF THE GENERAL POPULATION OF THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; (4) TO PERFORM SUCH OTHER SERVICES, ACTIVITIES AND FUNCTIONS AS MAY BE PERMITTED TO CORPORATIONS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"); AND (5) AT ALL TIMES AND WITHIN SUCH PURPOSES, TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PROGRAM CONSISTS OF ACTIVITIES DIRECTED TO THE DEVELOPMENT OF PHYSICAL INFRASTRUCTURE NEEDED TO SUPPORT THE BIOMEDICAL CLUSTER BY ESTABLISHING THE REGION'S FIRST BIOMEDICAL AND HEALTHCARE RESEARCH PARK, BEGINNING WITH ITS ANCHOR BUILDING, THE CARDWELL COLLABORATIVE, AS WELL AS PROVIDING FUNDING FOR THE CONSTRUCTION OF TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER GAYLE GREVE HUNT SCHOOL OF NURSING BUILDING. THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH THE GOVERNMENTAL INSTRUMENTALITIES, TEXAS TECH HEALTH SCIENCES CENTER AND THE TEXAS TECH UNIVERSITY SYSTEM, WHEREBY THE ORGANIZATION WILL PROVIDE FUNDING FOR THE CONSTRUCTION OF BUILDING IMPROVEMENTS FOR THE GAYLE GREVE HUNT SCHOOL OF NURSING TO BE OPERATED BY TEXAS TECH. THE GRANT DERIVES FROM THE IMPACT FUND AWARD TO THE ORGANIZATION MADE BY THE CITY OF EL PASO AS DESCRIBED IN LINE 4A ABOVE.
MASTER PLANNING ACTIVITIES FOR THE MCA CAMPUS.
THIS PROGRAM CONSISTS OF ACTIVITIES DESIGNED TO IMPROVE THE TRANSLATIONAL RESEARCH BUSINESS MODEL AND SPUR REGIONAL ECONOMIC GROWTH BY LAUNCHING NEW STARTUP COMPANIES TO ADVANCE AND COMMERCIALIZE COMMERCIALLY VIABLE INVENTIONS FROM REGIONALLY-RELEVANT INTELLECTUAL PROPERTY AND PROVIDING A REGIONAL ECONOMIC ENGINE TO POSITION THE REGION AS A HUB OF EXCELLENCE FOR GLOBAL HEALTHCARE INNOVATION AS WELL AS BRINGING SOLUTIONS TO THE REGION'S HEALTH CHALLENGES AND ELEVATING THE QUALITY OF HEALTHCARE FOR ITS RESIDENTS WITH POTENTIALLY ADVANCED LIFE-SAVING OR LIFE-IMPROVING TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Escudero Board Member | Trustee | 1 | $0 |
Sean Ihorn Board Member | Trustee | 1 | $0 |
Meyer Marcus Board Member | Trustee | 1 | $0 |
Jessica Pretiger Board Member | Trustee | 1 | $0 |
Lane Gaddy Board Member | Trustee | 1 | $0 |
Ted Houghton Board Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,032,497 |
| 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 | $4,032,497 |
| Total Program Service Revenue | $981,671 |
| Investment income | $133,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,622,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $667,586 |
| 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. | $220,000 |
| Compensation of current officers, directors, key employees. | $104,006 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $841,512 |
| Pension plan accruals and contributions | $34,559 |
| Other employee benefits | $90,403 |
| Payroll taxes | $79,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,781 |
| Fees for services: Accounting | $1,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $226,856 |
| Advertising and promotion | $36,787 |
| Office expenses | $0 |
| Information technology | $33,719 |
| Royalties | $0 |
| Occupancy | $1,152,975 |
| 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 | $21,407 |
| Insurance | $12,703 |
| All other expenses | $1,000 |
| Total functional expenses | $3,583,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,880 |
| Savings and temporary cash investments | $3,853,183 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,894,992 |
| 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 | $23,953 |
| Net Land, buildings, and equipment | $38,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,693,966 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,711,086 |
| Accounts payable and accrued expenses | $3,645,997 |
| Grants payable | $612,000 |
| Deferred revenue | $6,500 |
| 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 | $4,264,497 |
| Net assets without donor restrictions | $6,549,822 |
| Net assets with donor restrictions | $4,896,767 |
| 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 | $15,711,086 |
Grants Awarded
Over the last fiscal year, Medical Center Of The Americasfoundation has awarded $667,586 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCAMERICAS HOLDINGS INC PURPOSE: TO FUND OPERATING EXPENSES | $55,586 |
TEXAS TECH FOUNDATION INC PURPOSE: TO FUND CONSTRUCTION OF NURSING SCHOOL FACILITY | $612,000 |