Sealy Medical Center Foundation
- Assets
- $821.2k
- Revenue
- $13.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Sealy, TX
- Founding
- 06/1975
- Data as of
- 11/2023
- EIN
- 51-0161218
Organization Overview
Sealy Medical Center Foundation is located in Sealy, TX. The organization was established in 1975. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sealy Medical Center Foundation 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 11/2023, Sealy Medical Center Foundation generated $13.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $47.4k during the year ending 11/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH PROGRAM GRANTS-GRANTS GO DIRECTLY TO SCHOOLS, AMUBULANCE SERVICES, HOSPITAL, FIRE DEPARTMENTS AND FOOD PANTRY FOR HEALTH SERVICES
EDUCATIONAL GRANTS-SCHOLARSHIPS GO ONLY TO INDIVIDUALS SEEKING A MEDICAL CAREER AND REQUIRING FINANCIAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Virnau Director | Trustee | 2 | $0 |
Carl E Clover Jr Director | Trustee | 2 | $0 |
Chris Nanez Director | Trustee | 2 | $0 |
Brenda Menke Director | Trustee | 2 | $0 |
Wv Morris DO Director | Trustee | 2 | $0 |
Bill Sodolak Director | Trustee | 2 | $0 |
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 | $22,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $20,110 |
| 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 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 | $10,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,061 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $47,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,975 |
| Savings and temporary cash investments | $810,182 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $821,157 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $821,157 |
| 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 | $821,157 |
Grants Awarded
Over the last fiscal year, Sealy Medical Center Foundation has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEALY INDEPENDENT SCHOOL DISTRICT PURPOSE: CLINICAL MEDICAL ASSISTANT PROGRAM | $14,000 |
BELLVILLE HOSPITAL FOUNDATION PURPOSE: GRANT FOR OPERATIONS OF BELLVILLE GENERAL HOSPITAL IN AUSTIN COUNTY | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Central Texas Trauma Regional Advisory Council Inc Arlington, TX | $8,338,158 | $9,749,216 |
Advisewell Inc New Orleans, LA | $15,089,428 | $6,932,766 |
Lha Foundation Baton Rouge, LA | $2,204,810 | $2,078,524 |
Oklahoma City Innovation District Inc Oklahoma City, OK | $1,748,491 | $1,243,135 |
Physicians Benevolent Fund Austin, TX | $5,245,962 | $559,687 |
Saras Project Inc Ardmore, OK | $628,999 | $419,853 |
Houston Business Coalition On Health Katy, TX | $212,784 | $403,025 |
Waterman Medical Foundatiion Dallas, TX | $2,250,194 | $164,914 |
Dcms Foundation Dallas, TX | $4,735,570 | $2,377,114 |
Sealy Medical Center Foundation Sealy, TX | $821,157 | $13,230 |
Hill Country Memorial Medical Office Buildings Fredericksburg, TX | $0 | $0 |