M D Anderson Services Corporation
- Assets
- $894.9m
- Revenue
- $43.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Houston, TX
- Founding
- 04/1990
- Data as of
- 08/2023
- EIN
- 76-0300816
Organization Overview
M D Anderson Services Corporation is located in Houston, TX. The organization was established in 1990. 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 08/2023, M D Anderson Services Corporation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M D Anderson Services Corporation 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 08/2023, M D Anderson Services Corporation generated $43.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.5m during the year ending 08/2023. While expenses have increased by 4.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MDASC PROVIDES A BROAD RANGE OF SERVICES TO ELEVATE THE LEVEL OF CANCER CARE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES: MDASC IS A TEXAS NONPROFIT CORPORATION THAT WAS ORGANIZED IN 1989 AS A SUPPORTING ORGANIZATION TO MDACC. MDACC IS ONE OF THE WORLD'S MOST RESPECTED INSTITUTIONS DEVOTED EXCLUSIVELY TO CANCER PATIENT CARE, RESEARCH, EDUCATION AND PREVENTION. MDASC SUPPORTS MDACC'S MISSION BY ACTING AS AN INSTRUMENT THROUGH WHICH MDACC DELIVERS PROGRAMS TO ACHIEVE MDACC'S MISSION. MDASC'S LONGEST ESTABLISHED EXTRAMURAL RELATIONSHIPS ARE SERVICES AGREEMENTS, PURSUANT TO WHICH MDASC PROVIDES A BROAD RANGE OF CLINICAL SUPPORT SERVICES (INCLUDING MDACC'S CLINICAL GUIDELINES, MULTI-DISCIPLINARY TREATMENT PLANNING METHODOLOGIES, ONCOLOGY QUALITY MANAGEMENT AND BEST PRACTICES PROGRAMS, PHYSICIAN EDUCATION, AND ONCOLOGY CONSULTATIONS) TO ADVANCE THE TREATMENT OF CANCER IN COMMUNITY HOSPITAL OR INTERNATIONAL SETTINGS. PURSUANT TO THE SERVICES AGREEMENT FOR M. D. ANDERSON INTERNATIONAL ESPANA IN MADRID, SPAIN, MDASC SUPPORTS SPAIN'S FIRST MULTI-DISCIPLINARY FULL-SERVICE CANCER CENTER. THE SPAIN CANCER CENTER HAS PROVIDED A LEVEL OF SPECIALIZED ONCOLOGY CARE THAT WAS PREVIOUSLY UNAVAILABLE IN SPAIN. MDASC ROUTINELY ASSISTS MDACC IN ITS DEVELOPMENT OF VARIOUS PROGRAMS TO IMPLEMENT MDACC'S METHODOLOGIES FOR THE DELIVERY OF HIGH-QUALITY CANCER CARE IN COMMUNITY SETTINGS. FINALLY, MDASC PROVIDES MANAGEMENT EXPERTISE TO ITS RELATED NON-PROFIT EXEMPT ORGANIZATIONS, M. D. ANDERSON PHYSICIANS NETWORK AND MDACC. MDASC ALSO HOLDS AND ADMINISTERS A PERMANENT ENDOWMENT VALUED IN EXCESS OF $500 MILLION EXCLUSIVELY FOR THE BENEFIT OF MDACC.MDASC LAUNCHED THE CARING FUND IN 2011 TO ASSIST MDACC EMPLOYEES AND THEIR FAMILIES WITH RECOVERY FROM DISASTERS SUCH AS THE 2011 TEXAS WILDFIRES.THE CARING FUND POLICY HAS BEEN EXPANDED TO PROVIDE (A) FINANCIAL ASSISTANCE FOR SPECIFIC QUALIFYING FINANCIAL HARDSHIPS AND (B) FINANCIAL ASSISTANCE TO ELIGIBLE APPLICANTS WHO ARE CARRYING OUT ESSENTIAL DUTIES AS REQUIRED BY MD ANDERSON CANCER CENTER DURING A PUBLIC HEALTH EMERGENCY, SUCH AS COVID19, FOR COSTS RELATED TO COMING TO WORK SUCH AS TRANSPORTATION, TEMPORARY HOUSING, AND CHILDCARE. OVERALL, THE FUND HAS AIDED MORE THAN 1,000 EMPLOYEES THROUGH THE DISTRIBUTION OF GRANTS TO ELIGIBLE APPLICANTS.IN FY23, THE FUND ISSUED 30 GRANTS TO 30 RECIPIENTS TOTALING $53,583.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Mckee President, Ad Interim/mdacc SVP | Trustee | 1 | $0 |
Allyson Kinzel Director/mdacc SVP & Clo | Trustee | 2 | $0 |
Fatima Sheriff Director/mdacc Chief Of Staff | Trustee | 1 | $0 |
Omer Sultan Director/mdacc CFO | Trustee | 1 | $0 |
Scott C Kelley Edd Director | Trustee | 0.3 | $0 |
Janiece Longoria Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chivaroli & Associates Insurance Broker | 8/30/23 | $629,536 |
Deloitte & Touche Accounting Firm | 8/30/23 | $119,650 |
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 | $827,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $827,879 |
| Total Program Service Revenue | $2,485,080 |
| Investment income | $38,871,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $847,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,038,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,654 |
| Grants and other assistance to domestic individuals. | $53,583 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,647 |
| Compensation of current officers, directors, key employees. | $218,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $399,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $236,243 |
| Payroll taxes | $56,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,175 |
| Fees for services: Accounting | $73,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $341,325 |
| Advertising and promotion | $0 |
| Office expenses | $10,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,440 |
| Travel | $242,582 |
| 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 | $34,975 |
| Depreciation, depletion, and amortization | $341 |
| Insurance | $74,404 |
| All other expenses | $12,626 |
| Total functional expenses | $2,483,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,422,339 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,292,314 |
| 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 | $160,937 |
| Net Land, buildings, and equipment | $24,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $810,014,517 |
| Total assets | $894,914,786 |
| Accounts payable and accrued expenses | $793,344 |
| 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 | $164,103,893 |
| Total liabilities | $164,897,237 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $730,017,549 |
| Total liabilities and net assets/fund balances | $894,914,786 |