The Debakey Medical Foundation
- Assets
- $14.8m
- Revenue
- $1.6m
- Investments
- $13.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/1962
- Data as of
- 04/2022
- EIN
- 74-6053822
Organization Overview
The Debakey Medical Foundation is located in Houston, TX. The organization was established in 1962. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Debakey Medical 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 04/2022, Debakey Medical Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $4.1m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Debakey Medical Foundation has awarded 34 individual grants totaling $15,364,783. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Herbert D Short III Pres/trustee | 10 | $100,000 | |
David Lummis Trustee | 1 | $5,000 | |
William H Caudill Trustee | 1 | $5,000 | |
Dr George P Noon Treas/trustee | 1 | $5,000 | |
Dr Charles H Mccollum Sec/trustee | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,251 |
| Dividends & Interest | $1,605,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $336 |
| Capital Gain Net Income | $336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,609,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,650 |
| Interest | $0 |
| Taxes | $69,174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $94,657 |
| Total operating and administrative expenses | $596,741 |
| Contributions, gifts, grants paid | $3,483,783 |
| Total expenses and disbursements | $4,080,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,691 |
| Savings and temporary cash investments | $1,018,442 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $500 |
| Net Investments - land, buildings, equipment | $139,914 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,845,109 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Debakey Medical Foundation has awarded $3,483,783 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR COLLEGE OF MEDICINE PURPOSE: MICHAEL E. DEBAKEY LIBRARY AND MUSEUM AND NEW MEDICAL SCHOOL BUILDING | $2,595,025 |
Waco, TX PURPOSE: MEDICAL HUMANITIES PROGRAM IN THE COLLEGE OF ARTS AND SCIENCES | $388,758 |
NATIONAL LIBRARY OF MEDICINE PURPOSE: PHYSICAL PROCESSING AND CATALOGING OF THE PAPERS OF LOIS AND SELMA DEBAKEY | $250,000 |
JOHN P MCGOVERN MUSEUM PURPOSE: MICHAEL E. DEBAKEY CELL LABS | $175,000 |
TEXAS STATE HISTORIAL ASSOCIATION PURPOSE: DEVELOPMENT OF THE HANDBOOK OF TEXAS | $50,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: MICHAEL E. DEBAKEY EXCELLANCE IN RESEARCH AWARD | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |