University Medical Branch
- Assets
- $2.0m
- Revenue
- $229.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 07/1978
- Data as of
- 08/2020
- EIN
- 74-1343044
Organization Overview
University Medical Branch, operating under the name Utmb Bookstore, is located in Galveston, TX. The organization was established in 1978. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utmb Bookstore 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 08/2020, Utmb Bookstore generated $229.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $370.8k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE DISBURSEMENTS TO ORGANIZATIONS THAT EXIST FOR THE BENEFIT OF STUDENT, FACULTY, ETC OF UTMB, AND RENOVATIONS OF STUDENT AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A MEDICAL UNIVERSITY BOOKSTORE.
OPERATE A MEDICAL UNIVERSITY BOOKSTORE.
OPERATE A MEDICAL UNIVERSITY BOOKSTORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Lidstone Vice President | Officer | 0 | $0 |
Steve Leblanc President | Officer | 0 | $0 |
Lynn Mcginley Treasurer | Officer | 1 | $0 |
Thomas Kimbrough Board Member | Trustee | 0 | $0 |
William Scott Boeh Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $21,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $207,636 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,962 |
| 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 | $291,148 |
| 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 | $725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,500 |
| 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 | $3,694 |
| Insurance | $1,443 |
| All other expenses | $0 |
| Total functional expenses | $370,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,839 |
| Savings and temporary cash investments | $1,781,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,211 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $143,200 |
| 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 | $2,012,753 |
| Accounts payable and accrued expenses | $14,066 |
| 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 | $23,003 |
| Total liabilities | $37,069 |
| Net assets without donor restrictions | $0 |
| 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 | $1,975,684 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Medical Branch has recieved totaling $72,864.
| Awarding Organization | Amount |
|---|---|
Carl M Reeves And Mildred A Reeves Foundation Inc Fenton, MO PURPOSE: MACULAR DEGENERATION RESEARCH OF THE EYE STUDIES | $72,864 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Start Corporation Houma, LA | $15,661,885 | $35,284,131 |
Arca Albuquerque, NM | $18,505,466 | $31,341,339 |
Disability Services Of The Southwest San Antonio, TX | $12,999,029 | $27,578,028 |
Hughen Center Inc Port Arthur, TX | $48,676,855 | $32,249,164 |
Buckner International Dallas, TX | $12,129,357 | $21,781,250 |
Arkansas Enterprises For The Developmentally Disabled Inc Little Rock, AR | $11,004,956 | $14,277,062 |
Military Warriors Support Foundation San Antonio, TX | $26,095,499 | $9,501,589 |
Caritas Of Austin Austin, TX | $7,645,786 | $15,511,664 |
Integrity Inc Little Rock, AR | $13,609,813 | $15,573,168 |
Mission Of Mercy Inc Corpus Christi, TX | $7,577,811 | $11,960,672 |
Life Styles Inc Fayetteville, AR | $7,250,362 | $10,687,117 |
Independent Living Resource Center Albuquerque, NM | $3,325,195 | $9,733,666 |