The Cullen Trust For Health Care
- Assets
- $132.8m
- Revenue
- $7.1m
- Investments
- $37.1m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/1978
- Data as of
- 12/2021
- EIN
- 74-2001755
Organization Overview
The Cullen Trust For Health Care is located in Houston, TX. The organization was established in 1978. 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. Cullen Trust For Health Care 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, Cullen Trust For Health Care generated $7.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cullen Trust For Health Care has awarded 290 individual grants totaling $52,119,282. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR HEALTH CARE INSTITUTIONS WITHIN TEXAS AND PRIMARILY IN THE GREATER HOUSTON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CULLEN TRUST FOR HEALTH CARE IS A PUBLIC CHARITABLE TRUST CREATED AS A SUPPORTING ORGANIZATION FOR THE BENEFIT OF HEALTH CARE INSTITUTIONS IN THE STATE OF TEXAS, PRIMARILY WITHIN THE GREATER HOUSTON AREA. TRUSTEES HAVE THE DISCRETION TO PROVIDE ASSISTANCE TO ANY OR ALL OF THE BENEFICIARIES OF THE CLASS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cullen Geiselman Chair/public Trustee | OfficerTrustee | 1 | $0 |
William J Bill Campbell Vice Chair/hc Trustee | OfficerTrustee | 1 | $0 |
Nancy Gordon Secretary/hc Trustee | OfficerTrustee | 1 | $0 |
Brett Hogan Public Trustee | Trustee | 1 | $0 |
Kathy Mccord Public Trustee | Trustee | 1 | $0 |
Wilhelmina B Traylor Public Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co Investment Mgnt | 12/30/20 | $368,891 |
Makena Investment Mgnt | 12/30/20 | $157,068 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $3,489,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,612,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,117,606 |
| 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 | $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 | $83,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $471,597 |
| Fees for services: Other | $58,100 |
| Advertising and promotion | $0 |
| Office expenses | $6,253 |
| Information technology | $12,946 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,187 |
| All other expenses | $0 |
| Total functional expenses | $5,661,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,563,325 |
| 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 |
| Investments—publicly traded securities | $94,202,788 |
| Investments—other securities | $37,071,173 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,837,286 |
| 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 | $132,837,286 |
| 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 | $132,837,286 |
Grants Awarded
Over the last fiscal year, The Cullen Trust For Health Care has awarded $5,972,760 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR COLLEGE OF MEDICINE PURPOSE: New health sciences tower | $1,500,000 |
BO'S PLACE PURPOSE: Program support | $25,000 |
CATHOLIC CHARITIES OF GALVESTON HOUSTON PURPOSE: Program support | $50,000 |
CENTER FOR HEARING AND SPEECH PURPOSE: Program support | $50,000 |
COVENANT HOUSE TEXAS PURPOSE: Program support | $250,000 |
EL CENTRO DE CORAZON PURPOSE: Operating support | $100,000 |