Travis County Medical Society Foundation
- Assets
- $2.5m
- Revenue
- $489.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 74-1720086
Organization Overview
Travis County Medical Society Foundation is located in Austin, TX. The organization was established in 1972. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Travis County Medical Society 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 12/2021, Travis County Medical Society Foundation generated $489.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $559.2k during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE AND ORGANIZE ACCESS TO HEALTHCARE FOR UNINSURED PATIENTS IN CENTRAL TEXAS; TO PROMOTE MEDICAL EDUCATION AND PROVIDE EDUCATIONAL ACTIVITIES FOR THE MEDICAL COMMUNITY IN CENTRAL TEXAS; TO PROVIDE MEDICAL STUDENT SCHOLARSHIPS; TO SUPPORT THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES OF THE TRAVIS COUNTY MEDICAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES INCURRED RELATED TO SUPPORT FOR EXEMPT ORGANIZATIONS PROVIDING INDIGENT CARE.
PROMOTING MEDICAL EDUCATION IN CENTRAL TEXAS; PROVIDING EDUCATIONAL ACTIVITIES FOR THE MEDICAL COMMUNITY; SUPPORT OF CHARITABLE ACTIVITIES THAT CONTRIBUTE TO A HEALTHIER COMMUNITY.
PROVIDING MEDICAL STUDENT SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Abikhaled MD President | OfficerTrustee | 1 | $0 |
Scott W Clitheroe MD Vice President | OfficerTrustee | 1 | $0 |
Jonathan Macclements MD Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Belinda Clare COO | Officer | 1 | $0 |
Arlin Hall CFO | Officer | 1 | $0 |
Marshall Cothran CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $330,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,347 |
| Total Program Service Revenue | $23,514 |
| Investment income | $45,281 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $489,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,514 |
| Grants and other assistance to domestic individuals. | $27,500 |
| 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 | $149,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,482 |
| Payroll taxes | $11,394 |
| Fees for services: Management | $52,343 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,565 |
| Advertising and promotion | $16,775 |
| Office expenses | $660 |
| Information technology | $299 |
| Royalties | $0 |
| Occupancy | $9,511 |
| Travel | $2,566 |
| 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 | $1,458 |
| Insurance | $2,206 |
| All other expenses | $3,659 |
| Total functional expenses | $559,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,891 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $248,100 |
| 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 | $12,304 |
| Net Land, buildings, and equipment | $911 |
| Investments—publicly traded securities | $428,240 |
| Investments—other securities | $1,834,145 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,531,591 |
| Accounts payable and accrued expenses | $14,902 |
| Grants payable | $0 |
| Deferred revenue | $112,011 |
| 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 | $778 |
| Total liabilities | $127,691 |
| Net assets without donor restrictions | $2,403,900 |
| 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 | $2,531,591 |
Grants Awarded
Over the last fiscal year, Travis County Medical Society Foundation has awarded $14,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: TO PROVIDE FOR PUBLIC HEALTH, MEDICAL, AND EDUCATIONAL PROGRAMS | $8,000 |
Austin, TX PURPOSE: TO PROVIDE FOR PUBLIC HEALTH, MEDICAL, AND EDUCATIONAL PROGRAMS. | $5,000 |
UNIVERSITY OF TEXAS AT AUSTIN - DELL MEDICAL SCHOOL PURPOSE: TO PROVIDE FOR PUBLIC HEALTH, MEDICAL, AND EDUCATIONAL PROGRAMS. | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Travis County Medical Society Foundation has recieved totaling $45.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Safety Net Support Corporation Dallas, TX | $4,237,418 | $77,320,079 |
Baylor Health Care System Foundation Dallas, TX | $467,606,696 | $53,895,442 |
Valley Baptist Legacy Foundation Harlingen, TX | $0 | $14,611,699 |
Scott & White Healthcare Foundation Dallas, TX | $180,193,020 | $21,935,084 |
Arkansas Childrens Foundation Little Rock, AR | $506,772,026 | $131,995,512 |
Parkland Foundation Dallas, TX | $33,444,460 | $13,500,351 |
Service Organization Of West Texas Lubbock, TX | $5,121,013 | $34,116,790 |
Service Organization Of North Texas Lubbock, TX | $2,347,817 | $21,268,111 |
Swla Center For Health Services Lake Charles, LA | $23,169,398 | $25,064,227 |
Service Organization Of The Piney Woods Lubbock, TX | $125,455 | $15,876,016 |
Cyberspace Innovation Center Incoporated Bossier City, LA | $14,331,496 | $17,560,867 |
Christus Spohn Health System Development Foundation Corpus Christi, TX | $25,881,076 | $6,931,905 |