Memorial Hermann Foundation
- Assets
- $128.2m
- Revenue
- $33.7m
- Investments
- $79.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/1971
- Data as of
- 06/2020
- EIN
- 74-1653640
Organization Overview
Memorial Hermann Foundation is located in Houston, TX. The organization was established in 1971. 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.
For the year ending 06/2020, Memorial Hermann Foundation generated $33.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $30.1m 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
PROVIDE FUNDRAISING SUPPORT AND PROMOTIONAL EFFORTS TO MEMORIAL HERMANN HEALTH SYSTEM AND ITS TAX EXEMPT AFFILIATES AND THE PROGRAMS AND FUNCTIONS THAT THEY CONDUCT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENTS TO AND ON BEHALF OF MEMORIAL HERMANN HEALTH SYSTEM AND ITS AFFILIATES FOR THE FUNDING OF THE PURCHASE OF PATIENT-CARE RELATED EQUIPMENT, FURNISHINGS, AND SUPPLIES AND TO FUND MEDICAL PROGRAMS FOR THE BENEFIT OF VARIOUS OPERATING DEPARTMENTS THROUGHOUT THE HOSPITAL LOCATIONS.
DISBURSEMENTS FOR THE BENEFIT OF PATIENTS, EMPLOYEES, AND RETIRED EMPLOYEES OF MEMORIAL HERMANN HEALTH SYSTEM AND ITS AFFILIATES WHO DEMONSTRATED A NEED FOR FINANCIAL ASSISTANCE BECAUSE OF AN EXISTING OR CONTINUING HARDSHIP INCLUDING THAT OF A FEDERALLY DECLARED DISASTER AREA.
DISBURSEMENTS TO AND ON BEHALF OF MEMORIAL HERMANN HEALTH SYSTEM AND ITS AFFILIATES TO FUND PUBLIC, PHYSICIANS, AND EMPLOYEE TRAINING PROGRAMS, HEALTH AWARENESS, CONTINUING EDUCATION, MEDICAL SEMINARS, PHYSICIAN GRADUATE MEDICAL EDUCATION PROGRAMS, AND OTHER MEDICAL COURSES OF STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Callender MD Ceo/president 09/01-Present | OfficerTrustee | 1 | $0 |
Brian Dean Evp/cfo/treasurer | Officer | 1 | $0 |
Deborah Gordon Evp/cao/clo/secretary | Officer | 1 | $0 |
Anne E Neeson Evp, CEO - Foundation | Officer | 40 | $0 |
Charles D Stokes Ceo/president 7/1-8/31 | Officer | 1 | $0 |
Warren Shea Assistant Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ward Ames Entertainment Event Management | 6/29/20 | $308,705 |
Sterling Associates Philanthropy Consltg | 6/29/20 | $388,782 |
Pennebaker Inc Marketing Services | 6/29/20 | $221,286 |
Accordant Philanthropy Llc Philantrhopy Consltg | 6/29/20 | $137,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,907,055 |
| Related organizations | $6,640,184 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,331,222 |
| Noncash contributions included in lines 1a–1f | $116,740 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,878,461 |
| Total Program Service Revenue | $0 |
| Investment income | $3,681,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $169,466 |
| 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 | $33,729,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,747,181 |
| Grants and other assistance to domestic individuals. | $178,215 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $627,425 |
| Compensation of current officers, directors, key employees. | $203,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,873,650 |
| Pension plan accruals and contributions | $129,508 |
| Other employee benefits | $259,917 |
| Payroll taxes | $158,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,212,306 |
| Advertising and promotion | $18,239 |
| Office expenses | $519,864 |
| Information technology | $28,121 |
| Royalties | $0 |
| Occupancy | $348,003 |
| Travel | $147,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $72,638 |
| Total functional expenses | $30,118,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,843,346 |
| Pledges and grants receivable | $35,144,993 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $78,955,001 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,232,380 |
| Total assets | $128,175,720 |
| Accounts payable and accrued expenses | $2,409,142 |
| 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 | $183,935 |
| Total liabilities | $2,593,077 |
| Net assets without donor restrictions | $7,412,132 |
| Net assets with donor restrictions | $118,170,511 |
| 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 | $128,175,720 |
Grants Awarded
Over the last fiscal year, Memorial Hermann Foundation has awarded $6,288,462 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: Disbursement to and on behalf of the Hospital in support of its tax exempt purposes for equipment, furnishings, supplies and other financial assistance. | $6,278,462 |
Houston, TX PURPOSE: general fundraising | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Memorial Hermann Foundation has recieved totaling $1,566,004.
| Awarding Organization | Amount |
|---|---|
George Foundation Richmond, TX PURPOSE: IN SUPPORT OF EXPANDING SERVICES PROVIDED BY THE HEALTH CENTERS FOR SCHOOLS PROGRAM WITHIN LAMAR CISD | $321,117 |
George Foundation Richmond, TX PURPOSE: IN SUPPORT OF EXPANDING SERVICES PROVIDED BY THE HEALTH CENTERS FOR SCHOOLS PROGRAM WITHIN LAMAR CISD | $312,906 |
Petersen Family Foundation Sugar Land, TX PURPOSE: UNRESTRICTED USE BY MEMORIAL HERMANN FOUNDATION | $250,000 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $209,835 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $209,835 |
Rawley Foundation P65070008 Chicago, IL PURPOSE: GENERAL | $100,000 |
Endowment Analysis
| Beg. Balance | $118,035,259 |
| Earnings | $287,679 |
| Net Contributions | $22,716,168 |
| Other Expense | $22,868,595 |
| Ending Balance | $118,170,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Essential Healthcare Partnerships Foundation Austin, TX | $14,556,627 | $70,118,618 |
Gshs Administrative Services Organization Inc Longview, TX | $27,902,475 | $57,823,308 |
Childrens Health System Of Texas Dallas, TX | $1,076,884,114 | $53,949,067 |
Transport Workers Mta Health And Welfare Tr Houston, TX | $4,203,044 | $56,783,553 |
Mountaire Employees Medical Benefit Trust Little Rock, AR | $3,183,292 | $45,934,911 |
W I Cook Foundation Inc Fort Worth, TX | $2,013,556,230 | $80,371,889 |
White County Physician Group Searcy, AR | $12,198 | $38,491,783 |
Childrens Medical Center Foundation Dallas, TX | $1,597,679,420 | $75,172,005 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
Sealy & Smith Foundation Galveston, TX | $1,512,427,384 | $86,559,144 |
St Joseph Services Corporation Bryan, TX | $37,913,846 | $21,425,733 |
Foundation Health Services Inc Baton Rouge, LA | $12,942,609 | $21,598,489 |