Hospice Of East Texas Foundation
- Assets
- $20.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 20-5194874
Organization Overview
Hospice Of East Texas Foundation is located in Tyler, TX. The organization was established in 2008. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Of East Texas Foundation 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, Hospice Of East Texas Foundation generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $518.0k during the year ending 12/2021. While expenses have increased by 6.1% 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
HOSPICE OF EAST TEXAS FOUNDATION OPERATES FOR THE BENEFIT OF HOSPICE OF EAST TEXAS, A TEXAS NON-PROFIT CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE OF EAST TEXAS FOUNDATION OPERATES FOR THE BENEFIT OF HOSPICE OF EAST TEXAS, A TEXAS NON-PROFIT CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Howell Chairman | OfficerTrustee | 0 | $0 |
Andrew Adams Treasurer | OfficerTrustee | 0 | $0 |
Randy Childress Secretary | OfficerTrustee | 0 | $0 |
James Ray Chairman Elect | OfficerTrustee | 0 | $0 |
Kristen Seeber VP Development | Officer | 0 | $0 |
Lindsey Bradley Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $158,936 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,577,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,736,556 |
| Total Program Service Revenue | $0 |
| Investment income | $359,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,861,213 |
| Net Income from Fundraising Events | -$27,317 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,930,165 |
| 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 | $0 |
| Other salaries and wages | $349,557 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $127,426 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,901 |
| Office expenses | $0 |
| Information technology | $3,788 |
| Royalties | $0 |
| 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 | $0 |
| Insurance | $1,857 |
| All other expenses | $586 |
| Total functional expenses | $517,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,280,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,807,449 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,218 |
| Total assets | $20,096,154 |
| Accounts payable and accrued expenses | $30,822 |
| 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 | $1,218,008 |
| Total liabilities | $1,248,830 |
| Net assets without donor restrictions | $17,120,671 |
| Net assets with donor restrictions | $1,726,653 |
| 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 | $20,096,154 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hospice Of East Texas Foundation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Bernard Foundation Tyler, TX PURPOSE: GENERAL SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $1,954,282 |
| Earnings | $230,374 |
| Net Contributions | $192,083 |
| Grants | $21,823 |
| Ending Balance | $2,354,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Essential Healthcare Partnerships Foundation Austin, TX | $3,184,613 | $86,533,051 |
Baptist Health Services Little Rock, AR | $51,469,112 | $76,869,884 |
Sealy & Smith Foundation Galveston, TX | $1,823,742,664 | $193,760,950 |
Mountaire Employees Medical Benefit Trust Little Rock, AR | $4,300,671 | $51,578,567 |
Transport Workers Mta Health And Welfare Tr Houston, TX | $10,025,707 | $53,517,376 |
Harris County Hospital District Foundation Bellaire, TX | $42,615,141 | $23,031,096 |
W I Cook Foundation Inc Fort Worth, TX | $3,246,012,284 | $259,660,047 |
Childrens Medical Center Foundation Dallas, TX | $1,970,405,088 | $64,214,565 |
Gshs Administrative Services Organization Inc Longview, TX | $3,821,992 | $32,386,518 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
St Joseph Services Corporation Bryan, TX | $46,581,742 | $27,740,881 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |