Travis County Medical Society Foundation
- Assets
- $2.2m
- Revenue
- $532.2k
- Investments
- $1.6m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/1972
- Data as of
- 12/2022
- EIN
- 74-1720086
Organization Overview
Travis County Medical Society Foundation is located in Austin, TX. The organization was established in 1972. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Travis County Medical Society 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 12/2022, Travis County Medical Society Foundation generated $532.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $604.2k during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE AND ORGANIZE ACCESS TO HEALTHCARE FOR UNINSURED PATIENTS IN CENTRAL TEXAS; TO PROMOTE MEDICAL EDUCATION AND PROVIDE EDUCATIONAL ACTIVITIES FOR THE MEDICAL COMMUNITY IN CENTRAL TEXAS; TO PROVIDE MEDICAL STUDENT SCHOLARSHIPS; TO SUPPORT THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES OF THE TRAVIS COUNTY MEDICAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES INCURRED RELATED TO SUPPORT FOR EXEMPT ORGANIZATIONS PROVIDING INDIGENT CARE.
PROMOTING MEDICAL EDUCATION IN CENTRAL TEXAS; PROVIDING EDUCATIONAL ACTIVITIES FOR THE MEDICAL COMMUNITY; SUPPORT OF CHARITABLE ACTIVITIES THAT CONTRIBUTE TO A HEALTHIER COMMUNITY.
PROVIDING MEDICAL STUDENT SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holli Sadler MD Member At Large | Trustee | 1 | $0 |
Belda Zamora MD Member At Large | Trustee | 1 | $0 |
Nancy Thorne Foster MD Member At Large | Trustee | 1 | $0 |
Hillary Miller MD Secretary-Treasurer | Trustee | 1 | $0 |
Jonathan Macclements MD President Select | OfficerTrustee | 1 | $0 |
David Vander Straten MD Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $330,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,760 |
| Total Program Service Revenue | $45,228 |
| Investment income | $44,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $532,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,514 |
| Grants and other assistance to domestic individuals. | $37,500 |
| 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 | $155,887 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,145 |
| Payroll taxes | $9,210 |
| Fees for services: Management | $37,618 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $178,262 |
| Advertising and promotion | $4,319 |
| Office expenses | $21 |
| Information technology | $316 |
| Royalties | $0 |
| Occupancy | $7,394 |
| Travel | $1,912 |
| 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 | $911 |
| Insurance | $5,495 |
| All other expenses | $25 |
| Total functional expenses | $604,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $165,310 |
| 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 | $3,713 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $363,229 |
| Investments—other securities | $1,586,438 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,195,400 |
| Accounts payable and accrued expenses | $21,451 |
| Grants payable | $0 |
| Deferred revenue | $190,845 |
| 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 | $146 |
| Total liabilities | $212,442 |
| Net assets without donor restrictions | $1,848,649 |
| Net assets with donor restrictions | $134,309 |
| 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 | $2,195,400 |
Grants Awarded
Over the last fiscal year, Travis County Medical Society Foundation has awarded $14,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT AUSTIN - DELL MEDICAL SCHOOL PURPOSE: TO PROVIDE FOR PUBLIC HEALTH, MEDICAL, AND EDUCATIONAL PROGRAMS. | $1,500 |
TEXAS MEDICAL ASSOCIATION FOUNDATION PURPOSE: TO PROVIDE FOR PUBLIC HEALTH, MEDICAL, AND EDUCATIONAL PROGRAMS | $8,000 |
TRAVIS COUNTY MEDICAL ALLIANCE PURPOSE: TO PROVIDE FOR PUBLIC HEALTH, MEDICAL, AND EDUCATIONAL PROGRAMS. | $5,000 |