Houston Academy Of Medicine
- Assets
- $57.2m
- Revenue
- $9.7m
- Investments
- $38.9m
- Employees
- 41
- Location
- Houston, TX
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 74-1277657
Organization Overview
Houston Academy Of Medicine is located in Houston, TX. The organization was established in 1995. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Houston Academy Of Medicine employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Academy Of Medicine 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 12/2021, Houston Academy Of Medicine generated $9.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $9.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS EDUCATION AND SCIENTIFIC PROGRAMS FOR PHYSICIANS, PATIENTS, AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEXAS MEDICAL CENTER LIBRARY (TMC LIBRARY) PROVIDES BOOKS, PERIODICALS, LIBRARIAN SERVICES, RARE BOOKS, AUTOMATED INFORMATION SERVICES & PHOTOCOPYING. THE LIBRARY WAS OPEN 64 HOURS PER WEEK DURING 2021. IT SERVED 36,604 VISITORS.
COMMUNITY HEALTH AND MEDICAL PROJECTS: THE ACADEMY SUPPORTS THE GREATER HOUSTON COMMUNITY BY MAKING CONTRIBUTIONS TO THE JOHN P. MCGOVERN MUSEUM OF HEALTH AND MEDICAL SCIENCE AND PROVIDING EDUCATION ON A VARIETY OF HEALTH-RELATED TOPICS INCLUDING TRAUMA SAFETY AND BIKE HELMETS. THE ACADEMY ALSO SUPPORTS EMS UNITS AND CONTINUED DISTRIBUTING PPE TO HARRIS COUNTY PHYSICIANS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Gregory Bernica Exec. Vp/ceo | Officer | 25 | $170,000 |
Katherine Prentice Tmc Library Ed | Officer | 40 | $148,088 |
Dorothy Cobbs Cfo-Tmc Library | 40 | $136,127 | |
Charles Njilefack It Director | 40 | $116,577 | |
Mina K Sinacori MD President | OfficerTrustee | 5 | $0 |
Robert E Jackson MD Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $240,628 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,386,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,627,037 |
| Total Program Service Revenue | $29,755 |
| Investment income | $1,402,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,245 |
| Net Gain/Loss on Asset Sales | $623,057 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,726,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $169,488 |
| 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. | $359,529 |
| Compensation of current officers, directors, key employees. | $69,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,649,797 |
| Pension plan accruals and contributions | $144,022 |
| Other employee benefits | $416,131 |
| Payroll taxes | $186,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $951 |
| Fees for services: Accounting | $85,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,174 |
| Fees for services: Other | $75,249 |
| Advertising and promotion | $0 |
| Office expenses | $115,896 |
| Information technology | $143,362 |
| Royalties | $0 |
| Occupancy | $455,864 |
| Travel | $5,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,259 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,938 |
| Insurance | $73,486 |
| All other expenses | $6,739 |
| Total functional expenses | $9,230,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,539,221 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $770,647 |
| 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 | $1,537,479 |
| Net Land, buildings, and equipment | $2,738,260 |
| Investments—publicly traded securities | $10,752,780 |
| Investments—other securities | $38,853,876 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,192,263 |
| Accounts payable and accrued expenses | $286,404 |
| Grants payable | $0 |
| Deferred revenue | $2,285,036 |
| 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 | $2,571,440 |
| Net assets without donor restrictions | $51,938,607 |
| Net assets with donor restrictions | $2,682,216 |
| 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 | $57,192,263 |
Grants Awarded
Over the last fiscal year, Houston Academy Of Medicine has awarded $415,264 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: General Support | $130,000 |
Seattle, WA PURPOSE: Outreach Services | $65,000 |
El Paso, TX PURPOSE: Outreach Services | $25,000 |
UNIVERSITY OF OKLAHOMA HSC PURPOSE: Outreach/ Technology | $23,483 |
UT HEALTH SCIENCE CENTER PURPOSE: Outreach Services | $17,975 |
LSU HEALTH SCIENCE CTR PURPOSE: Outreach/ Technology | $17,456 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houston Academy Of Medicine has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Zions Bancorporation Foundation Salt Lake City, UT PURPOSE: SUPPORT THE TEXAS MEDICAL CENTER LIBRARY | $300 |
Endowment Analysis
| Beg. Balance | $33,078,865 |
| Earnings | $5,607,280 |
| Other Expense | $1,051,369 |
| Ending Balance | $37,634,776 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pioneer Library System Norman, OK | $5,931,448 | $15,507,691 |
Amigos Library Services Addison, TX | $13,779,793 | $13,572,299 |
Houston Academy Of Medicine Houston, TX | $57,192,263 | $9,726,228 |
Rosenberg Library Association Galveston, TX | $38,547,435 | $5,322,146 |
Texas Rangers Baseball Foundation Arlington, TX | $31,952,885 | $4,231,744 |
Texas Library Association Austin, TX | $3,885,906 | $2,023,532 |
Nicholas P Sims Library And Lyceum Waxahachie, TX | $6,016,321 | $1,456,902 |
T L L Temple Memorial Library & Archives Diboll, TX | $4,162,289 | $853,055 |
Jal Public Library Fund Jal, NM | $27,094,564 | $3,040,405 |
Mid-Continent Geological Library Inc Edmond, OK | $1,595,859 | $293,509 |
Bexar County Medical Library Association San Antonio, TX | $5,494,674 | $707,549 |
Baxter County Public Library Foundation Mountain Home, AR | $16,285,852 | $1,717,999 |