Georgetown Healthcare System Inc
- Assets
- $54.1m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Georgetown, TX
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 74-2427148
Organization Overview
Georgetown Healthcare System Inc, operating under the name Georgetown Health Foundation, is located in Georgetown, TX. The organization was established in 2003. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Georgetown Health Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgetown Health 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, Georgetown Health Foundation generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Georgetown Health Foundation has awarded 355 individual grants totaling $19,285,433. 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
THE ORGANIZATION IS DEDICATED TO THE PROMOTION OF QUALITY, ACCESSIBLE HEALTHCARE FOR ALL PERSONS LIVING IN THE GEORGETOWN, TX COMMUNITY AND SURROUNDING AREA. AS A PARTNER IN THE ST. DAVID'S HEALTHCARE PARTNERSHIP, WE PROVIDE HEALTHCARE TO THE PUBLIC THROUGH THE OPERATION OF FOUR HOSPITALS IN THE CENTRAL TEXAS AREA WHICH OPERATE UNDER THE COMMUNITY BENEFIT STANDARD. LOCALLY, WE INVEST IN AND PARTNER WITH OTHER NON-PROFIT ORGANIZATIONS WHO, LIKE US, ARE COMMITTED TO IMPROVING THE SOCIAL DETERMINANTS OF HEALTH IN OUR COMMUNITY WITH A GOAL OF BUILDING AND SUSTAINING HEALTHY, PRODUCTIVE LIVES FOR GEORGETOWN RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REPORTING ORGANIZATION PROVIDES GRANTS TO COMMUNITY ORGANIZATIONS THAT PROMOTE IMPROVED ACCESS TO, OR DIRECTLY PROVIDE HEALTHCARE TO THE CITIZENS OF THE GEORGETOWN, TEXAS AREA REGARDLESS OF THEIR ABILITY TO PAY FOR SUCH SERVICES.
THE REPORTING ORGANIZATION IS A PARTNER IN THE ST. DAVID'S HEALTHCARE PARTNERSHIP, LP, LLP. THE HOSPITALS IN THE PARTNERSHIP ARE DEDICATED TO SERVING CENTRAL TEXAS UNDER THE COMMUNITY BENEFIT STANDARD AND THE AFFORDABLE CARE ACT. ST. DAVID'S HEALTHCARE PARTNERSHIP INCLUDES HOSPITALS, FREE-STANDING EMERGENCY ROOMS, AMBULATORY CARE CENTERS, AND URGENT CARE CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Donovan MD Chair | Trustee | 2 | $0 |
Bradley Smith Chair-Elect | Trustee | 1.5 | $0 |
Alma Molleur Past Chair | Trustee | 1.5 | $0 |
Steve West Secretary | Trustee | 1.5 | $0 |
Denisse Baldwin Board Member | Trustee | 1.5 | $0 |
Tim Harris Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,440,000 |
| Government grants | $92,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,532,111 |
| Total Program Service Revenue | $4,348,546 |
| Investment income | $1,429,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,623 |
| Net Gain/Loss on Asset Sales | $464,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$15,491 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,909,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,819,392 |
| 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. | $858,477 |
| Compensation of current officers, directors, key employees. | $406,812 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,108 |
| Pension plan accruals and contributions | $19,091 |
| Other employee benefits | $34,264 |
| Payroll taxes | $65,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,112 |
| Fees for services: Accounting | $40,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,453 |
| Fees for services: Other | $54,025 |
| Advertising and promotion | $4,163 |
| Office expenses | $28,991 |
| Information technology | $2,334 |
| Royalties | $0 |
| Occupancy | $99,646 |
| Travel | $15,127 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,359 |
| Insurance | $16,049 |
| All other expenses | $0 |
| Total functional expenses | $3,527,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $683,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,629 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,143 |
| Prepaid expenses and deferred charges | $17,977 |
| Net Land, buildings, and equipment | $4,259,012 |
| Investments—publicly traded securities | $27,054,445 |
| Investments—other securities | $0 |
| Investments—program-related | $12,872,110 |
| Intangible assets | $0 |
| Other assets | $9,156,763 |
| Total assets | $54,074,527 |
| Accounts payable and accrued expenses | $400,160 |
| 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 | $1,785,828 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $232,185 |
| Total liabilities | $2,418,173 |
| Net assets without donor restrictions | $51,656,354 |
| 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 | $54,074,527 |
Grants Awarded
Over the last fiscal year, Georgetown Healthcare System Inc has awarded $2,336,442 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
LONE STAR CIRCLE OF CARE PURPOSE: PROVIDE FUNDING FOR INDIGENT CARE AND INCREASING HEALTHCARE ACCESS | $524,000 |
THE GEORGETOWN PROJECT PURPOSE: PROVIDES CONVENING AND LEADERSHIP SUPPORT TO ALL GEORGETOWN YOUTH ORGANIZATIONS | $83,620 |
THE CARING PLACE PURPOSE: SUPPORT MEDICAL PROGRAM FOR CLIENTS AT OR BELOW POVERTY LEVEL | $75,000 |
AUSTIN GROUPS FOR THE ELDERLY PURPOSE: PROVIDE SERVICES FOR OLDER ADULTS AND FAMILY CAREGIVERS | $30,000 |
BOYS & GIRLS CLUB OF GEORGETOWN PURPOSE: SUPPORT AFTER SCHOOL AND SUMMER PROGRAMS | $50,000 |
BROOKWOOD IN GEORGETOWN VOCATIONAL INC PURPOSE: SUPPORT PROGRAMS FOR ADULTS WITH DISABILITIES | $25,000 |