M D Anderson Services Corporation

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 08/2021, M D Anderson Services Corporation employed 18 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 08/2021, M D Anderson Services Corporation generated $41.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.8m during the year ending 08/2021. While expenses have increased by 8.4% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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. IN 2009, MDASC ALSO ENTERED INTO A SERVICES AGREEMENT WITH AN AMERICAN HOSPITAL IN ISTANBUL, TURKEY PURSUANT TO WHICH PATIENTS ARE NOW ABLE TO RECEIVE RADIATION TREATMENT FOR CANCER THAT IS IN ACCORDANCE WITH MDACC'S STANDARDS. THIS AGREEMENT WAS TERMINATED ON JULY 26, 2021. IN ADDITION TO THESE ACTIVITIES, 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 ORGANIZATION, M. D. ANDERSON PHYSICIANS NETWORK AND MDACC. MDASC ALSO HOLDS AND ADMINISTERS A PERMANENT ENDOWMENT VALUED IN EXCESS OF $500 MILLION DOLLARS EXCLUSIVELY FOR THE BENEFIT OF MDACC.THE CARING FUND BEGAN HELPING MDACC EMPLOYEES AND THEIR FAMILIES RECOVER FROM DISASTERS BEGINNING WITH THE 2011 TEXAS WILDFIRES. THE CARING FUND POLICY HAS BEEN EXPANDED TO PROVIDE (A) FINANICAL 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 FY21, THE FUND ISSUED 346 GRANTS TO 341 RECIPIENTS TOTALING $563,805.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Chivaroli & Associates
Insurance Broker
$526,339
Bracewelll And Giuliana
Legal
$132,968
View All Vendors

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$1,298,807
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,298,807
Total Program Service Revenue$3,015,138
Investment income $0
Tax Exempt Bond Proceeds $35,510,653
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,517,551
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $41,340,443

Grants Recieved

Over the last fiscal year, we have identified 12 grants that M D Anderson Services Corporation has recieved totaling $621,472.

Awarding OrganizationAmount
$300,000
Permian Basin Area Foundation

Midland, TX

PURPOSE: Health Mental Health

$101,000
Minnesota Ovarian Cancer Alliance Inc

Minneapolis, MN

PURPOSE: RESEARCH

$65,000
American Medical Association

Chicago, IL

PURPOSE: SOLUTIONS TO INCREASE JOY IN MEDICINE GRANT

$49,966
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: MEDICAL / PUBLIC SERVICES

$25,000
Community Foundation Of Greater Memphis Inc

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$23,139
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$677,532,238
Earnings$212,070,758
Admin Expense$30,345,344
Ending Balance$859,257,652

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