Texas Health Resources Foundation
- Assets
- $399.5m
- Revenue
- $49.3m
- Investments
- $18.0k
- Employees
- 33
- Location
- Arlington, TX
- Founding
- 07/1985
- Data as of
- 12/2021
- 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 12/2021, Texas Health Resources Foundation employed 33 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 12/2021, Texas Health Resources Foundation generated $49.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $24.7m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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 146 individual grants totaling $116,555,569. 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
2021
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 |
|---|---|---|---|
Fishershannon Blackman VP Foundation & Fund Developmt | Officer | 40 | $293,623 |
Mcwhorterlaura Quenette President Thr Foundation | Officer | 40 | $281,706 |
Atkinsonlesley Lynne VP Foundation & Fund Developmt | Officer | 40 | $193,057 |
Arcemontmark J Dir Sr Advancement Svcs | 40 | $167,514 | |
Branchsusan W Dir Sr Fdtn Support Services | 40 | $146,544 | |
Ramseyvictoria Milke Principal Gifts Officer | 40 | $135,242 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Health Resources Mgmt Svc | 12/30/21 | $482,249 |
Millicent Gale Associates Fundrai Consulting | 12/30/21 | $346,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $521,707 |
| Related organizations | $12,586 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,346,180 |
| Noncash contributions included in lines 1a–1f | $113,754 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,880,473 |
| Total Program Service Revenue | $0 |
| Investment income | $5,679,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $244,594 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,462,678 |
| Net Income from Fundraising Events | $7,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,274,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,505,008 |
| Grants and other assistance to domestic individuals. | $13,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,058,580 |
| Compensation of current officers, directors, key employees. | $860,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,220,499 |
| Pension plan accruals and contributions | $75,821 |
| Other employee benefits | $143,346 |
| Payroll taxes | $220,629 |
| Fees for services: Management | $482,249 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $346,500 |
| Fees for services: Investment Management | $2,385,362 |
| Fees for services: Other | $63,367 |
| Advertising and promotion | $315,314 |
| Office expenses | $71,645 |
| Information technology | $135,884 |
| Royalties | $0 |
| Occupancy | $407,845 |
| Travel | $10,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,491 |
| Insurance | $16,724 |
| All other expenses | $2,689 |
| Total functional expenses | $24,747,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,052,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,989,415 |
| Accounts receivable, net | $100 |
| 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 | $41,084 |
| Net Land, buildings, and equipment | $104,579 |
| Investments—publicly traded securities | $378,100,015 |
| Investments—other securities | $18,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,189,073 |
| Total assets | $399,495,018 |
| Accounts payable and accrued expenses | $1,142,733 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $232,342 |
| 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 | $1,808,309 |
| Total liabilities | $3,183,384 |
| Net assets without donor restrictions | $183,776,616 |
| Net assets with donor restrictions | $212,535,018 |
| 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 | $399,495,018 |
Grants Awarded
Over the last fiscal year, Texas Health Resources Foundation has awarded $16,495,558 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: See Part IV | $7,420,555 |
Dallas, TX PURPOSE: See Part IV | $3,878,229 |
Arlington, TX PURPOSE: See Part IV | $2,478,132 |
Arlington, TX PURPOSE: See Part IV | $679,302 |
Plano, TX PURPOSE: See Part IV | $474,286 |
Allen, TX PURPOSE: See Part IV | $385,439 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Texas Health Resources Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Foss Family Foundation Albany, NY PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Guido And Ruth Shumake Charitable Tr Fort Worth, TX PURPOSE: OPERATING FUNDS | $5,000 |
Endowment Analysis
| Beg. Balance | $207,425,178 |
| Earnings | $21,782,961 |
| Net Contributions | $147,030 |
| Grants | $1,904,314 |
| Ending Balance | $227,450,855 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Texas Health Resources Foundation Arlington, TX | $399,495,018 | $49,274,607 |
Foundation Health Services Inc Baton Rouge, LA | $13,978,378 | $22,883,719 |
White County Physician Group Searcy, AR | $5,249,006 | $21,201,707 |
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |