Medical Center Health System Foundation
- Assets
- $5.2m
- Revenue
- $1.2m
- Investments
- $1.7m
- Employees
- 0
- Location
- Odessa, TX
- Founding
- 05/1964
- Data as of
- 09/2021
- EIN
- 75-1220726
Organization Overview
Medical Center Health System Foundation is located in Odessa, TX. The organization was established in 1964. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Center Health System 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 09/2021, Medical Center Health System Foundation generated $1.2m 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 (10.1%) each year. All expenses for the organization totaled $780.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 6 years. 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
TO RECEIVE AND MAINTAIN FUNDS TO USE AND APPLY EXCLUSIVELY FOR THE ECTOR COUNTY HOSPITAL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL CENTER HEALTH SYSTEM FOUNDATION IS CONTRACTED WITH THE CHILDREN'S MIRACLE NETWORK (CMN) AND PARTICIPATES IN THE NATIONAL ORGANIATION'S TELETHON EVERY JUNE IN ADDITION, OTHER CMN EVENTS ARE HELD THROUGHOUT THE YEAR TO RAISE ADDITIONAL FUNDS INCLUDING A RADIO-A-THON, A SPANISH RADIO-A-THON, MIRACLE BALLOON SALES, SPRINGFEST, BOOK FAIR, AND JEWELRY SALES. THE DONATED MONIES ARE USED EXCLUSIVELY FOR THE BENEFIT OF THE ECTOR COUNTY HOSPITAL DISTRICT, EITHER DIRECTLY OR BY CONTRIBUTION TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ITS REGULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Melton Treasurer | OfficerTrustee | 1 | $0 |
Amy Hendrick Vice President | OfficerTrustee | 1 | $0 |
Tammy Hawkins President | OfficerTrustee | 1 | $0 |
Garret Davis Secretary | Trustee | 1 | $0 |
Robert Bennett MD Board Member | Trustee | 1 | $0 |
Dr Avelino Garcia Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $809,860 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,093 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,043,953 |
| Total Program Service Revenue | $0 |
| Investment income | $136,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $28,450 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,208,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $757,458 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,028 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,167 |
| Total functional expenses | $780,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,345,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,712,134 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,014 |
| Total assets | $5,159,774 |
| 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 | $2,465 |
| Total liabilities | $2,465 |
| Net assets without donor restrictions | $3,160,358 |
| Net assets with donor restrictions | $1,996,951 |
| 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 | $5,159,774 |
Grants Awarded
Over the last fiscal year, Medical Center Health System Foundation has awarded $1,303,632 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MEDICAL CENTER HOSPITAL PURPOSE: PEDIATRIC RENOVATIONS | $535,000 |
MEDICAL CENTER HOSPITAL PURPOSE: PEDIATRIC RENOVATIONS | $535,000 |
MEDICAL CENTER HOSPITAL PURPOSE: CHROMEBOOK COMPUTER EQUIPMENT DONATIONS | $113,000 |
MEDICAL CENTER HOSPITAL PURPOSE: CHROMEBOOK COMPUTER EQUIPMENT DONATIONS | $113,000 |
MEDICAL CENTER HOSPITAL PURPOSE: EMPLOYEE OF THE MONTH GIFTS | $3,816 |
MEDICAL CENTER HOSPITAL PURPOSE: EMPLOYEE OF THE MONTH GIFTS | $3,816 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Medical Center Health System Foundation has recieved totaling $403,068.
| Awarding Organization | Amount |
|---|---|
Fmh Foundation Midland, TX PURPOSE: TELEHEALTH PHASE 3 | $250,000 |
Driven Brands Charitable Foundation Charlotte, NC PURPOSE: CHARITABLE ASSISTANCE | $118,005 |
Denver Foundation Denver, CO PURPOSE: THIS GRANT IS THE TELEHEALTH PROGRAM MENTAL HEALTH EXPANSION | $25,000 |
Wayne And Jo Ann Moore Charitablefoundation Midland, TX PURPOSE: OPERATING EXPENSE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $1,010,610 |
| Earnings | $278,197 |
| Admin Expense | $3,563 |
| Net Contributions | $125,000 |
| Ending Balance | $1,410,244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Essential Healthcare Partnerships Foundation Austin, TX | $3,184,613 | $86,533,051 |
Baptist Health Services Little Rock, AR | $51,469,112 | $76,869,884 |
Sealy & Smith Foundation Galveston, TX | $1,823,742,664 | $193,760,950 |
Mountaire Employees Medical Benefit Trust Little Rock, AR | $4,300,671 | $51,578,567 |
Transport Workers Mta Health And Welfare Tr Houston, TX | $10,025,707 | $53,517,376 |
Harris County Hospital District Foundation Bellaire, TX | $42,615,141 | $23,031,096 |
W I Cook Foundation Inc Fort Worth, TX | $3,246,012,284 | $259,660,047 |
Childrens Medical Center Foundation Dallas, TX | $1,970,405,088 | $64,214,565 |
Gshs Administrative Services Organization Inc Longview, TX | $3,821,992 | $32,386,518 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
St Joseph Services Corporation Bryan, TX | $46,581,742 | $27,740,881 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |