Texas Medical Association Foundation

Organization Overview

Texas Medical Association Foundation is located in Austin, TX. The organization was established in 1966. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Medical Association 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 12/2022, Texas Medical Association Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Texas Medical Association Foundation has awarded 57 individual grants totaling $2,434,527. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION PROVIDES FOR PUBLIC HEALTH, MEDICAL, AND EDUCATIONAL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIVERSITY AND MEDICINE SCHOLARSHIP.


VACCINE DEFEND WHAT MATTERS.


WALK WITH A DOC TEXAS PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Michael E Speer MD
President 2021-2023
$0
Carla F Ortique MD
Vice President 2021-2023
$0
Susan M Pike MD
Immediate Past President 2021-2022
$0
Deborah Pitts
Secretary 2021-2023
$0
Clifford K Moy MD
Treasurer 2021-2023
$0
Gates B Colbert MD Fasn
Young Physician Section Representative 2020-2022
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$318,995
Related organizations$217,226
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$466,616
Noncash contributions included in lines 1a–1f $36,360
Total Revenue from Contributions, Gifts, Grants & Similar$1,002,837
Total Program Service Revenue$0
Investment income $282,095
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $95,300
Net Income from Fundraising Events -$96,942
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,314,959

Grants Awarded

Over the last fiscal year, Texas Medical Association Foundation has awarded $599,723 in support to 14 organizations.

Grant RecipientAmount

TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS

PURPOSE: DIVERSITY AND MEDICINE SCHOLARSHIP

$167,555

TEXAS MEDICAL ASSOCIATION

PURPOSE: VACCINES DEFEND WHAT MATTERS PROGRAM

$94,064

TEXAS MEDICAL ASSOCIATION

PURPOSE: WALK WITH A DOC PROGRAM

$62,989

TEXAS MEDICAL ASSOCIATION

PURPOSE: BICYCLE HELMET PROGRAM

$62,339

TEXAS MEDICAL ASSOCIATION

PURPOSE: SCIENCE TEACHER AWARD PROGRAM

$33,368

HARRIS COUNTY MEDICAL ALLIANCE

PURPOSE: NURSING SCHOLARSHIP PROGRAM

$60,000
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