The Academy Of Medicine Engineering

Organization Overview

The Academy Of Medicine Engineering is located in Austin, TX. The organization was established in 2004. According to its NTEE Classification (H03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Medicine Engineering 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, Academy Of Medicine Engineering generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. 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

TAMEST BRINGS THE STATE'S TOP SCIENTIFIC, ACADEMIC AND CORPORATE MINDS TOGETHER TO FURTHER POSITION TEXAS AS A NATIONAL RESEARCH LEADER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE O'DONNELL AWARDS ANNUALLY RECOGNIZE RISING TEXAS RESEARCHERS WHO ARE ADDRESSING THE ESSENTIAL ROLE THAT SCIENCE AND TECHNOLOGY PLAY IN SOCIETY, AND WHOSE WORK MEETS THE HIGHEST STANDARDS OF EXEMPLARY PROFESSIONAL PERFORMANCE, CREATIVITY AND RESOURCEFULNESS. THROUGH THESE AWARDS, TAMEST PROMOTES BROADER AWARENESS OF THE STATE'S TOP ACHIEVERS IN MEDICINE, ENGINEERING AND SCIENCE, AND BUILDS A STRONGER IDENTITY FOR TEXAS AS AN IMPORTANT DESITNATION AND CENTER OF ACHIEVEMENT IN THESE FIELDS. EVERY YEAR, TAMEST RECOGNIZES THESE EMERGING RESEARCHERS AT ITS ANNUAL CONFERENCE.


2021 ANNUAL CONFERENCE: FORWARD TEXAS: COMMUNITY HEALTH AND WELL-BEING. THE 2021 ANNUAL CONFERENCE WAS RESCHEDULED TO JUNE 2022. THE RESCHEDULED CONFERENCE BROUGHT TOGETHER THE RESEARCH COMMUNITY TO IDENTIFY WHAT TEXAS COMMUNITIES NEED IN ORDER TO BE STRONG AND SUCCESSFUL AND TO TAKE THE IMPORTANT OPPORTUNITY TO EXAMINE THE RESPONSE TO THE COVID-19 PANDEMIC AND THE VIRUS'S IMPACT ON THE STATE. AS A RESPONSE TO THE CONFERENCE RESCHEDULING, TAMEST HOSTED A SERIES OF VIRTUAL MEETINGS AND PROGRAMS. THIS INCLUDED THE FORWARD TEXAS DIGITAL SERIES WHICH INCLUDED CONVERSATIONS ON COVID-19 AND COMMUNITY HEALTH. THIS ALLOWED TAMEST TO BEGIN CONVENING ON THE TOPIC WHILE PLANNING FOR THE RESCHEDULED IN-PERSON CONFERENCE IN 2022.


TEXAS DEFENSE/AEROSPACE INNOVATION ECOSYSTEM PROJECT. THE GOAL IS TO DEVELOP A POWERFUL INNOVATION ECOSYSTEM TO SERVE NATIONAL SECURITY NEEDS, WHICH WILL RESULT IN LARGE AMOUNTS OF ADDITIONAL RESEARCH FUNDING, ENTREPRENEURIAL OPPORTUNITY, AND ECONOMIC RETURNS FOR TEXAS.


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Board, Officers & Key Employees

Name (title)Compensation
Terrence Henry
Executive Dir.
$131,383
David Daniel
President
$25,000
Brendan Lee
Vice President
$0
Ganesh Thakur
Treasurer
$0
Amelie Ramirez
Past President
$0
Helen Piwnica-Worms
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$310,000
Fundraising events$0
Related organizations$0
Government grants $250,150
All other contributions, gifts, grants, and similar amounts not included above$1,339,175
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,899,325
Total Program Service Revenue$600
Investment income $374,095
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $546,482
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,820,502

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Academy Of Medicine Engineering has recieved totaling $1,150,100.

Awarding OrganizationAmount
Odonnell Foundation

Dallas, TX

PURPOSE: OPERATIONS

$1,150,000
Shell Oil Company Foundation

Houston, TX

PURPOSE: MG

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,628,052
Earnings$2,116,168
Net Contributions$1,000
Other Expense$451,000
Grants$100,000
Ending Balance$17,194,220

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