Knapp Medical Center Foundation Inc

Organization Overview

Knapp Medical Center Foundation Inc is located in Weslaco, TX. The organization was established in 1982. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knapp Medical Center Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE KNAPP MEDICAL CENTER FOUNDATION WAS FORMED IN 1981 AS A NOT-FOR-PROFIT CORPORATION BENEFITING KNAPP MEDICAL CENTER AND THE THOUSANDS OF CHILDREN AND ADULTS SERVED EACH YEAR BY THE WESLACO HOSPITAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION MAKES AN ANNUAL CONTRIBUTION TO KNAPP MEDICAL CENTER. A CONTRIBUTION WAS NOT MADE DURING THE CURRENT YEAR ENDED JUNE 30, 2015, AS THE FOUNDATION TRANSITIONED ITS CONTROL TO KNAPP COMMUNITY CARE FOUNDATION, NOR WAS AN ACCRUED AMOUNT ABLE TO BE DETERMINED AND PAID WITHIN THE REQUIRED TIME PERIOD. THE CONTRIBUTION FOR THE FISCAL YEAR ENDED JUNE 30, 2015, WILL BE MADE DURING THE FISCAL YEAR ENDED JUNE 30, 2016.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $295,871
Net Rental Income$0
Net Gain on Sale of Assets -$513,573
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue -$217,702

Grants Awarded

Over the last fiscal year, Knapp Medical Center Foundation Inc has awarded $1,040,000 in support to 2 organizations.

Grant RecipientAmount

KNAPP MEDICAL CENTER

PURPOSE: SUPPORT OPERATIONS OF THE FAMILY PRACTICE PROGRAM

$540,000

KNAPP MEDICAL CENTER

PURPOSE: KMC COVID-19 EMERGENCY SUPPORT

$500,000
View Grant Profile

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