Gulf Coast Medical Foundation
- Assets
- $9.8m
- Revenue
- $848.6k
- Investments
- $8.9m
- Employees
- 0
- Location
- Damon, TX
- Founding
- 10/1962
- Data as of
- 12/2021
- EIN
- 74-1285242
Organization Overview
Gulf Coast Medical Foundation is located in Damon, TX. The organization was established in 1962. 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. Gulf Coast Medical 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, Gulf Coast Medical Foundation generated $848.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $987.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gulf Coast Medical Foundation has awarded 305 individual grants totaling $7,436,143. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey D Blair Director | 1 | $0 | |
Janet Peden Director | 1 | $0 | |
Jack Moore Secretary | 1 | $0 | |
Charles Davis Director | 1 | $0 | |
Melissa Burnham Executive Vice President | 20 | $84,000 | |
Laurance H Armour III Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,666 |
| Dividends & Interest | $185,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $599,581 |
| Capital Gain Net Income | $599,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $52,176 |
| Total Revenue | $848,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,138 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $963 |
| Printing and publications | $0 |
| Other expenses | $45,994 |
| Total operating and administrative expenses | $288,384 |
| Contributions, gifts, grants paid | $699,155 |
| Total expenses and disbursements | $987,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $944,406 |
| Net Accounts receivable | $3,669 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,282,488 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,808,965 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gulf Coast Medical Foundation has awarded $755,579 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AFTER SCHOOL ACTIVITIES PROGRAM PURPOSE: GENERAL OPERATING SUPPORT | $27,000 |
BOYS & GIRLS CLUB OF BAY CITY PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
ADOPT A GRANDPARENT OF EL CAMPO PURPOSE: SUPPLIES FOR CHRISTMAS BASKETS | $3,000 |
BOYS & GIRLS CLUB OF EL CAMPO & PALACIOS PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
BOYS AND GIRLS CLUB OF GREATER HOUSTON PURPOSE: GENERAL OPERATING SUPPORT FOR WHARTON CLUB | $65,000 |
CENTER FOR HEARING AND SPEECH PURPOSE: SPECIALIZED SERVICES FOR CHILDREN WITH HEARING LOSS | $4,000 |