Robert Driscoll & Julia Driscoll & Robert Driscoll Jr Foundation
- Assets
- $551.1m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Corpus Christi, TX
- Founding
- Data as of
- 04/2017
- EIN
- 74-1170270
Organization Overview
Robert Driscoll & Julia Driscoll & Robert Driscoll Jr Foundation is located in Corpus Christi, TX. As of 04/2017, Robert Driscoll & Julia Driscoll & Robert Driscoll Jr Foundation employed 4 individuals. Robert Driscoll & Julia Driscoll & Robert Driscoll Jr 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 04/2017, Robert Driscoll & Julia Driscoll & Robert Driscoll Jr Foundation generated $16.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $13.7m during the year ending 04/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
FOR THE BENEFIT AND SUPPORT OF DRISCOLL CHILDREN'S HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFIT AND SUPPORT OF DRISCOLL CHILDREN'S HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Dobson Trustee | Trustee | 1 | $0 |
Joe R Fulton Trustee (thru 11/29/16) | Trustee | 1 | $5,833 |
Robert R Furgason Trustee | Trustee | 1 | $10,000 |
Martha L Hinojosa Trustee (thru 8/11/16) | Trustee | 1 | $3,333 |
S Loyd Neal Jr Trustee | Trustee | 1 | $10,000 |
Sam L Susser Trustee | Trustee | 1 | $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 | $352,466 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,466 |
| Total Program Service Revenue | $0 |
| Investment income | $10,535,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $587,614 |
| Net Rental Income | $1,467,718 |
| Net Gain/Loss on Asset Sales | $3,147,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,770,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,800,000 |
| 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. | $54,499 |
| Compensation of current officers, directors, key employees. | $54,499 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,452 |
| Pension plan accruals and contributions | $17,445 |
| Other employee benefits | $51,488 |
| Payroll taxes | $13,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350,832 |
| Fees for services: Accounting | $91,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,771 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,531 |
| Office expenses | $8,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,176 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $387 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,654,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,944 |
| Savings and temporary cash investments | $1,169,625 |
| 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 | $459,150,446 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,774,284 |
| Total assets | $551,135,299 |
| Accounts payable and accrued expenses | $155,263 |
| Grants payable | $0 |
| Deferred revenue | $108,767 |
| 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 | $12,803,054 |
| Total liabilities | $13,067,084 |
| Unrestricted restricted net Assets | $538,068,215 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $538,068,215 |