Texas Healthcare And Bioscience Institute
- Assets
- $522.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Austin, TX
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 76-0501034
Organization Overview
Texas Healthcare And Bioscience Institute is located in Austin, TX. The organization was established in 1997. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Texas Healthcare And Bioscience Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Healthcare And Bioscience Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Texas Healthcare And Bioscience Institute generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TEXAS HEALTHCARE AND BIOSCIENCE INSTITUTE IS TO RESEARCH, DEVELOP, AND ADVOCATE POLICIES AND ACTIONS THAT PROMOTE BIOMEDICAL SCIENCE, BIOTECHNOLOGY, AGRICULTURE AND MEDICAL DEVICE INNOVATION IN TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATING A FAVORABLE ENVIRONMENT FOR THE STATE'S BIOMEDICAL AND HEALTH CARE TECHNOLOGY COMMUNITY TO DISCOVER, PRODUCE, AND DELIVER PRODUCTS THAT BENEFIT SOCIETY.
PROVIDING A FORUM TO IDENTIFY, ANALYZE, AND DEVELOP POSITIONS ON PUBLIC POLICY ISSUES THAT AFFECT TEXAS' BIOMEDICAL AND HEALTH CARE TECHNOLOGY INTERESTS.
CONDUCTING RESEARCH AS A BASIS FOR ADVOCATING RESPONSIBLE STATE AND FEDERAL POLICIES.
IDENTIFYING AND COMMUNICATING THE VALUE OF THE PRODUCTS OF HEALTH CARE TECHNOLOGY WITH REGARD TO COST, BENEFIT, AND PATIENT'S QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Kowalski President & | 40 | $308,032 | |
Victoria Ford President & | OfficerTrustee | $0 | |
David R Margrave Chairman | OfficerTrustee | 3 | $0 |
Andrea Giuffrida PHD Vice Chairma | OfficerTrustee | 3 | $0 |
Holly Jacques Turner Secretary | OfficerTrustee | 3 | $0 |
Bradley Westmoreland Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $619,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,500 |
| Total Program Service Revenue | $590,763 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,210,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $308,032 |
| Other salaries and wages | $243,625 |
| Pension plan accruals and contributions | $14,889 |
| Other employee benefits | $41,760 |
| Payroll taxes | $32,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,938 |
| Fees for services: Accounting | $20,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,940 |
| Information technology | $10,666 |
| Royalties | $0 |
| Occupancy | $53,161 |
| Travel | $5,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $253,850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,509 |
| Insurance | $6,104 |
| All other expenses | $773 |
| Total functional expenses | $1,113,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,102 |
| Savings and temporary cash investments | $25,080 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,484 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,313 |
| Net Land, buildings, and equipment | $3,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,431 |
| Total assets | $521,960 |
| Accounts payable and accrued expenses | $9,655 |
| Grants payable | $0 |
| Deferred revenue | $321,100 |
| 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 | $0 |
| Total liabilities | $330,755 |
| Net assets without donor restrictions | $191,205 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $521,960 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Healthcare And Bioscience Institute has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Biotechnology Innovation Organization Washington, DC PURPOSE: SPONSORSHIP | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christus Pediatric Physician Group Irving, TX | $1,557,571 | $11,008,801 |
Arkansas Childrens Medical Group Pllc Little Rock, AR | $1,156,578 | $4,607,031 |
Oakbend Medical Group Richmond, TX | $1,150,694 | $8,079,659 |
Rapides Primary Health Care Center Inc Alexandria, LA | $9,968,797 | $5,149,204 |
Mclennan County Medical Education And Research Foundation Waco, TX | $2,333,884 | $3,504,277 |
Mission Doctors Group Mission, TX | $461,802 | $1,572,126 |
Childrens Medical Center Health Plan Dallas, TX | $46,883,176 | $4,939 |
Chandler Usa Inc Group Medical Plan Trust Chandler, OK | $369,032 | $2,669,298 |
Oklahoma Associaton Of Health Care Providers Oklahoma City, OK | $758,257 | $2,306,432 |
Umc El Paso Healthcare Inc El Paso, TX | $892,039 | $929,368 |
Texas Healthcare And Bioscience Institute Austin, TX | $521,960 | $1,210,276 |
Casa El Buen Samaritano Houston, TX | $1,504,564 | $1,090,639 |