Texas Health Resources Foundation
- Assets
- $361.2m
- Revenue
- $28.2m
- Investments
- $18.0k
- Employees
- 37
- Location
- Arlington, TX
- Founding
- 07/1985
- Data as of
- 12/2023
- EIN
- 75-2022128
Organization Overview
Texas Health Resources Foundation is located in Arlington, TX. The organization was established in 1985. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Texas Health Resources Foundation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Health Resources 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 12/2023, Texas Health Resources Foundation generated $28.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $33.4m during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Texas Health Resources Foundation has awarded 181 individual grants totaling $155,370,368. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND CULTIVATE PHILANTHROPY AND COLLABORATIVE RELATIONSHIPS WITHIN THE COMMUNITY TO SUPPORT THE PROGRAMS AND SERVICES OFFERED BY TX HEALTH RESOURCES RELATED ENTITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY ACTIVITY OF TEXAS HEALTH RESOURCES FOUNDATION IS TO DEVELOP AND CULTIVATE PHILANTHROPY AND COLLABORATIVE RELATIONSHIPS WITHIN THE HEALTHCARE COMMUNITY. IN ADDITION, THE FOUNDATION ALIGNS WITH TEXAS HEALTH RESOURCES AND ITS RELATED ORGANIZATIONS TO FOSTER PROGRAMS AND SERVICES OFFERED AND TO IMPROVE THE HEALTH OF THE COMMUNITIES SERVED. MOST OF THE GRANTS GIVEN BY THE FOUNDATION ARE MADE TO SUPPORT THE ACTIVITIES OF THE MEMBERS OF THE TEXAS HEALTH RESOURCES HEALTHCARE SYSTEM. ACTIVITIES UNDERTAKEN DURING THE YEAR ARE TARGETED PROGRAMS TO IDENTIFY, CULTIVATE, SOLICIT, RECEIVE, INVEST AND GRANT PHILANTHROPIC FUNDS. ACTIVITIES UNDERTAKEN INCLUDE: CAPITAL CAMPAIGNS, MAJOR GIFT PROGRAM, ANNUAL AND TRIBUTE GIVING PROGRAMS, PLANNED GIVING PROGRAM, SPECIAL FUNDRAISING EVENTS, AND HOSPITAL AFFINITY GROUPS. GRANTS WERE MADE IN SUPPORT OF: EDUCATION OF PHYSICIANS, NURSES AND ALLIED HEALTH PROFESSIONALS, MEDICAL RESEARCH, INDIGENT PATIENT PROGRAMS, HOSPITAL EQUIPMENT REPLACEMENT AND CAPITAL PROJECTS, OTHER PATIENT CARE SERVICES NEEDED IN THE COMMUNITY, AND OPERATING EXPENSES FOR CERTAIN DEPARTMENTS AT RELATED TEXAS HEALTH SYSTEM HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Berdanbarclay E Trustee /corporate Officer | OfficerTrustee | 0.5 | $0 |
Mcwhorterricky E Former Officer | 0 | $0 | |
Kramerkenneth J Assistant Secretary | Officer | 0.5 | $0 |
Mcwhorterlaura Quenette President Thr Foundation | Officer | 40 | $602,573 |
Jacksondavid W Assistant Secretary | Officer | 0.5 | $0 |
Cantustacy G Corporate Secretary | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Millicent Gale Associates Fundrai Consulting | 12/30/22 | $234,000 |
Texas Health Resources Mgmt Svc | 12/30/22 | $229,522 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $719,793 |
| Related organizations | $1,343,853 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,632,093 |
| Noncash contributions included in lines 1a–1f | $778,272 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,695,739 |
| Total Program Service Revenue | $0 |
| Investment income | $7,155,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $383,749 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,171,153 |
| Net Income from Fundraising Events | -$194,954 |
| Net Income from Gaming Activities | $21,238 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,232,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,150,576 |
| Grants and other assistance to domestic individuals. | $24,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,774,890 |
| Compensation of current officers, directors, key employees. | $1,436,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,415,280 |
| Pension plan accruals and contributions | $53,952 |
| Other employee benefits | $89,694 |
| Payroll taxes | $233,853 |
| Fees for services: Management | $272,969 |
| 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 | $1,816,417 |
| Fees for services: Other | $112,826 |
| Advertising and promotion | $365,293 |
| Office expenses | $92,177 |
| Information technology | $122,465 |
| Royalties | $0 |
| Occupancy | $299,609 |
| Travel | $53,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $288,624 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,779 |
| Insurance | $3,172 |
| All other expenses | $4,109 |
| Total functional expenses | $33,351,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,614,520 |
| Accounts receivable, net | $39,850 |
| 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 | $36,115 |
| Net Land, buildings, and equipment | $66,103 |
| Investments—publicly traded securities | $349,362,769 |
| Investments—other securities | $18,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,946,107 |
| Total assets | $361,167,424 |
| Accounts payable and accrued expenses | $372,056 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $297,477 |
| 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 | $1,586,014 |
| Total liabilities | $2,255,547 |
| Net assets without donor restrictions | $167,816,605 |
| Net assets with donor restrictions | $191,095,272 |
| 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 | $361,167,424 |
Grants Awarded
Over the last fiscal year, Texas Health Resources Foundation has awarded $25,148,175 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS HEALTH ALLEN PURPOSE: See Part IV | $60,416 |
TEXAS HEALTH DALLAS PURPOSE: See Part IV | $5,804,907 |
TEXAS HEALTH DENTON PURPOSE: See Part IV | $56,801 |
TEXAS HEALTH KAUFMAN PURPOSE: See Part IV | $21,161 |
TEXAS HEALTH PLANO PURPOSE: See Part IV | $478,301 |
TEXAS HEALTH FORT WORTH PURPOSE: See Part IV | $3,209,581 |