Swmf Properties Inc
- Assets
- $12.3m
- Revenue
- $3.7m
- Investments
- $30.0k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 75-2838956
Organization Overview
Swmf Properties Inc is located in Dallas, TX. The organization was established in 2001. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swmf Properties Inc 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, Swmf Properties Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SWMF PROPERTIES, INC. ACQUIRES, RECEIVES, HOLDS, MAINTAINS AND MANAGES REAL AND PERSONAL PROPERTY DONATIONS FOR THE BENEFIT OF SOUTHWESTERN MEDICAL FOUNDATION. THE ORGANIZATION'S CORPORATE PROPERTY IS USED TO SUPPORT THE CHARITABLE PURPOSES OF SOUTHWESTERN MEDICAL FOUNDATION.
Describe the Organization's Program Activity:
TO ASSIST SOUTHWESTERN MEDICAL FOUNDATION IN THE STUDY OF CAUSES, PREVENTION, AND CURE OF DISEASES OF THE MINDS AND BODIES OF PERSONS: THE STUDY OF INDIVIDUAL AND COMMUNITY HYGIENE, AND TO PROMOTE PUBLIC HEALTH AND MEDICAL RESEARCH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Gibson President & CEO | Officer | 0.25 | $0 |
Emily Davis Corporate Secretary | Officer | 0.25 | $0 |
Kay Schlankey Sr. Vice President & CFO | Officer | 0.25 | $0 |
David Corrigan Chairman | Trustee | 0.25 | $0 |
John Poston Director | Trustee | 0.25 | $0 |
Kip Tindell III Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $531,329 |
| Noncash contributions included in lines 1a–1f | $531,329 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,329 |
| Total Program Service Revenue | $0 |
| Investment income | $128,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $430,406 |
| Net Rental Income | -$7,259 |
| Net Gain/Loss on Asset Sales | $49,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,734,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $534,365 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $749 |
| Fees for services: Accounting | $32,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $129,220 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $700,050 |
| 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 | $1,520,247 |
| Insurance | $9,727 |
| All other expenses | $0 |
| Total functional expenses | $3,211,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,006,240 |
| Savings and temporary cash investments | $457,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $866,132 |
| 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 | $1,621 |
| Net Land, buildings, and equipment | $740,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,202,717 |
| Total assets | $12,303,844 |
| Accounts payable and accrued expenses | $48,802 |
| 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 | $435,380 |
| Total liabilities | $484,182 |
| Net assets without donor restrictions | $1,339,257 |
| Net assets with donor restrictions | $10,480,405 |
| 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 | $12,303,844 |
Endowment Analysis
| Beg. Balance | $9,854,979 |
| Earnings | $3,163,669 |
| Admin Expense | $2,535,207 |
| Net Contributions | $531,329 |
| Grants | $534,365 |
| Ending Balance | $10,480,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Auditory Learning Foundation San Antonio, TX | $160,936,128 | $10,210,704 |
B E A T Aids Coalition Trust San Antonio, TX | $1,956,180 | $3,961,857 |
Swmf Properties Inc Dallas, TX | $12,303,844 | $3,734,436 |
Mid Coast Medical Clinic El Campo, TX | $0 | $2,943,279 |
Plantation View Medical Offices Luling, LA | $14,807,058 | $2,598,464 |
Community House Charitable Tr San Antonio, TX | $4,518,903 | $1,728,115 |
Hulda Irene Duggan Charitable Trust 32000598 Dallas, TX | $8,935,636 | $1,852,667 |
Foundation For The Callier Center And Communication Disorders Dallas, TX | $657,900 | $568,864 |
Respite Care Of S A Inc Foundaiton San Antonio, TX | $5,232,757 | $556,926 |
Margaret M Hurley Residual Trust 1057613 Dallas, TX | $5,354,960 | $992,826 |
National Hemophilia Foundation Tulsa, OK | $201,421 | $254,768 |
Starlight Therapeutic Riding Center Inc Midland, TX | $1,143,136 | $604,991 |