Physicians Benevolent Fund
- Assets
- $6.0m
- Revenue
- $497.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 10/1964
- Data as of
- 12/2021
- EIN
- 74-6050660
Organization Overview
Physicians Benevolent Fund is located in Austin, TX. The organization was established in 1964. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Physicians Benevolent Fund 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, Physicians Benevolent Fund generated $497.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $440.1k during the year ending 12/2021. 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
THE PURPOSE FOR WHICH IT IS FORMED IS TO RECEIVE AND HOLD IN TRUST, SAFELY KEEP AND INVEST, MONEY AND OTHER REAL AND PERSONAL PROPERTY AND ACCUMULATE REVENUE AND INCOME THEREFROM, FOR THE USE AND BENEFIT OF CHARITABLE, BENEVOLENT, AND SCIENTIFIC PURPOSES, INCLUDED BUT NOT LIMITED TO (1) THE RESEARCH IN THE FIELD OF GERIATRICS, (2) THE REHABILITATION OF DESTITUTE TEXAS PHYSICIANS AND THEIR FAMILIES, (3) THE AIDING, SUPPORTING, MAINTAINING AND ASSISTING BY GIFT, DONATION OR OTHERWISE, PROJECTS OR ENDEAVORS, WHETHER INCORPORATED OR UNINCORPORATED, WHOSE OBJECTS OR PURPOSES ARE TO GIVE PHYSICAL AID, COMFORT, SUPPORT OR ASSISTANCE TO MAIMED, CRIPPLED, AGED, SICK, INFIRM, INDIGENT OR DESTITUTE TEXAS PHYSICIANS AND THEIR FAMILIES, OR TO AID, SUPPORT, MAINTAIN, ASSIST, GIVE OR DONATE TO SUCH INDIVIDUALS DIRECTLY, ALL FOR THE BETTERMENT OF MANKIND, AND FOR PURPOSES INCIDENTAL THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST INDIGENT OR DESTITUTE PHYSICIANS OR THEIR FAMILIES. IN 2021, $106,398 WAS PAID TO/FOR 10 PARTICIPANTS.
PROVIDE HEALTH WELLNESS EDUCATION AND SERVICES TO PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Linda Villarreal MD Pres(21-22)/pres-Elect(20-21) | OfficerTrustee | 1 | $0 |
Diana L Fite MD Pres(20-21)/immed Past Pres(21-22) | OfficerTrustee | 1 | $0 |
David C Fleeger MD Immed Past Pres(20-21) | OfficerTrustee | 0 | $0 |
Gary W Floyd MD Pres-Elect(21-22)/chair (20-21) | OfficerTrustee | 1 | $0 |
Michelle A Berger MD Secretary/treasurer | OfficerTrustee | 0 | $0 |
Bradford W Holland MD Speaker Of The House (21-22) | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $58,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,438 |
| Total Program Service Revenue | $35,477 |
| Investment income | $94,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $224,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $497,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $108,899 |
| 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 | $150,221 |
| Pension plan accruals and contributions | $22,153 |
| Other employee benefits | $28,328 |
| Payroll taxes | $11,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,491 |
| Fees for services: Other | $3,293 |
| Advertising and promotion | $4,507 |
| Office expenses | $11,018 |
| Information technology | $37,789 |
| Royalties | $0 |
| Occupancy | $28,294 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $440,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $221,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,366 |
| 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 | $420 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,810,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,043,155 |
| 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 | $6,043,155 |
| 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 | $6,043,155 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Physicians Benevolent Fund has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
David And Betty Sacks Foundation Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Central Texas Trauma Regional Advisory Council Inc Arlington, TX | $4,368,300 | $14,084,605 |
Louisiana Hospital Association Research And Education Foundation Baton Rouge, LA | $1,786,775 | $3,893,643 |
Eqhealth Advisewell Inc New Orleans, LA | $15,657,658 | $948,426 |
Oklahoma City Innovation District Inc Oklahoma City, OK | $2,286,792 | $789,565 |
Physicians Benevolent Fund Austin, TX | $6,043,155 | $497,827 |
Saras Project Inc Ardmore, OK | $592,844 | $535,993 |
Houston Business Coalition On Health Katy, TX | $218,032 | $421,634 |
Waterman Medical Foundatiion Dallas, TX | $2,379,537 | $240,106 |
Dcms Foundation Dallas, TX | $1,009,129 | $38,494 |
Sealy Medical Center Foundation Sealy, TX | $896,351 | $65,929 |
Hill Country Memorial Medical Office Buildings Fredericksburg, TX | $0 | $0 |