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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael E Speer MD President 2021-2023 | OfficerTrustee | 0 | $0 |
Carla F Ortique MD Vice President 2021-2023 | OfficerTrustee | 0 | $0 |
Susan M Pike MD Immediate Past President 2021-2022 | OfficerTrustee | 0 | $0 |
Deborah Pitts Secretary 2021-2023 | OfficerTrustee | 0 | $0 |
Clifford K Moy MD Treasurer 2021-2023 | OfficerTrustee | 0 | $0 |
Gates B Colbert MD Fasn Young Physician Section Representative 2020-2022 | Trustee | 0 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $618,475 |
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. | $173,547 |
Compensation of current officers, directors, key employees. | $52,064 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $199,611 |
Pension plan accruals and contributions | $19,412 |
Other employee benefits | $28,996 |
Payroll taxes | $26,138 |
Fees for services: Management | $80,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $42,481 |
Fees for services: Other | $14,794 |
Advertising and promotion | $7,104 |
Office expenses | $35,681 |
Information technology | $20,866 |
Royalties | $0 |
Occupancy | $52,055 |
Travel | $7,770 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $963 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,334,193 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $373,571 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $36,150 |
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 | $1,421 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $13,627,059 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $14,038,201 |
Accounts payable and accrued expenses | $25,850 |
Grants payable | $212,194 |
Deferred revenue | $108,750 |
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 | $346,794 |
Net assets without donor restrictions | $3,101,297 |
Net assets with donor restrictions | $10,590,110 |
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 | $14,038,201 |
Over the last fiscal year, Texas Medical Association Foundation has awarded $599,723 in support to 14 organizations.
Grant Recipient | Amount |
---|---|
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 |