Goodall Witcher Healthcare Foundation Inc
- Assets
- $7.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Clifton, TX
- Founding
- 00/0000
- Data as of
- 06/2020
- EIN
- 74-1546619
Organization Overview
Goodall Witcher Healthcare Foundation Inc is located in Clifton, TX. The organization was established in 0000. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. Goodall Witcher Healthcare Foundation Inc 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 06/2020, Goodall Witcher Healthcare Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.1m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE REAL AND PERSONAL PROPERTY TO THE GOODALL - WITCHER HOSPITAL AUTHORITY IN ORDER TO ALLOW THE HOSPITAL AUTHORITY TO PROVIDE ACCESS TO AND DELIVERY OF QUALITY HEALTHCARE SERVICES THROUGH EFFICIENT, COMPREHENSIVE, AND FRIENDLY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2012, THE FOUNDATION ENTERED INTO A LEASE AGREEMENT WITH GOODALL - WITCHER HOSPITAL AUTHORITY TO LEASE ALL REAL PROPERTY OWNED BY THE FOUNDATION TO THE AUTHORITY TO CONTINUE TO PROVIDE HEALTHCARE SERVICES. THE LEASE AGREEMENT HAS A RENEWABLE TERM OF 5 YEARS AT A MONTHLY RATE OF $137,230.
DURING 2012, THE FOUNDATION ENTERED INTO A LEASE AGREEMENT WITH GOODALL - WITCHER HOSPITAL AUTHORITY TO LEASE ALL REAL PROPERTY OWNED BY THE FOUNDATION TO THE AUTHORITY TO CONTINUE TO PROVIDE HEALTHCARE SERVICES. THE LEASE AGREEMENT HAS A RENEWABLE TERM OF 5 YEARS AT A MONTHLY RATE OF $137,230.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam B Willmann President/ceo | Officer | 1 | $0 |
Jerry Pickett CFO | Officer | 1 | $0 |
Darlene Munden Secretary/treasurer | Trustee | 1 | $0 |
Gene Albrecht Trustee | Trustee | 1 | $0 |
Tom Henderson Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,853 |
| Investment income | $23,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,117,106 |
| Net Gain/Loss on Asset Sales | $17,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,184,351 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $15,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $205 |
| Information technology | $0 |
| 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 | $254,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,123,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,738 |
| Savings and temporary cash investments | $1,867,047 |
| 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 | $123,158 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $97,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,028,273 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,918,081 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,918,081 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,110,192 |
Endowment Analysis
| Beg. Balance | $65,629 |
| Earnings | $369 |
| Ending Balance | $65,998 |
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|---|---|---|
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Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |
Shannon Business Services Inc San Angelo, TX | $6,491,391 | $14,101,592 |
Covenant Health System Foundation Lubbock, TX | $55,699,431 | $11,499,437 |
Texas Childrens Hospital Foundation Houston, TX | $3,566,256,606 | $201,987,304 |
The Menninger Clinic Foundation Houston, TX | $95,150,910 | $23,726,608 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |