Tarrant County Academy Of Medicine
- Assets
- $5.3m
- Revenue
- $497.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 08/1954
- Data as of
- 12/2021
- EIN
- 75-1008434
Organization Overview
Tarrant County Academy Of Medicine is located in Fort Worth, TX. The organization was established in 1954. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tarrant County Academy Of Medicine 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, Tarrant County Academy Of Medicine generated $497.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $766.8k during the year ending 12/2021. 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
TO EDUCATE PHYSICIANS AND TARRANT COUNTY CITIZENS ON MEDICAL ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT ACCESS FUND WILL FUND PROJECT ACCESS TARRANT COUNTY: A COLLABORATIVE COMMUNITY PROJECT TO PROVIDE HEALTH CARE FOR UNINSURED PATIENTS USING A NETWORK OF VOLUNTEER PHYSICIANS,PARTNERING HOSPITALS, CHARITABLE CLINICS AND ANCILLARY PARTNERS. DONATED SERVICES INCLUDE SIXTY SURGICAL PROCEDURES AND THREE HUNDRED AND TWENTY TWO MEDICAL OFFICE VISITS FOR TOTAL DONATED MEDICAL SERVICES OF $1,040,695.
ETHICS SYMPOSIUM - BUILDING A CULTURE OF COMMUNICATION IN THE NEW NORMAL - PROGRAM EXPLORES THE WAYS IN WHICH COMMUNICATION BETWEEN PROVIDERS AND THEIR PATIENTS HAS CHANGED, AND THE ETHICAL IMPLICATIONS THIS CHANGE HAS HAD IN A VARIETY OF AREAS.
AUDITORIUM AND MEETING FACILITIES PROVIDED FOR COMMUNITY EDUCATION. GROUPS INVOLVED IN HEALTH CARE FUNCITON OF OUR COMMUNITY PROVIDE EDUCATION ON MEDICAL TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Rogers MD President | OfficerTrustee | 1 | $0 |
Greg Phillips MD Vice-President | OfficerTrustee | 1 | $0 |
Brian Swift Executive Director | Officer | 1 | $0 |
G Sealy Massingill MD Director | Trustee | 1 | $0 |
Angela Self MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,753 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,195 |
| Total Program Service Revenue | $18,360 |
| Investment income | $1,142 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $214,535 |
| 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 | $497,232 |
| 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 | $134,043 |
| Pension plan accruals and contributions | $7,992 |
| Other employee benefits | $21,253 |
| Payroll taxes | $9,697 |
| Fees for services: Management | $100,005 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,425 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,627 |
| Advertising and promotion | $4,038 |
| Office expenses | $22,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,606 |
| Travel | $149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,877 |
| Insurance | $16,378 |
| All other expenses | $0 |
| Total functional expenses | $766,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,692 |
| Savings and temporary cash investments | $656,634 |
| Pledges and grants receivable | $115,000 |
| Accounts receivable, net | $681 |
| 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 | $24,162 |
| Net Land, buildings, and equipment | $4,319,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,318,874 |
| Accounts payable and accrued expenses | $106,543 |
| Grants payable | $0 |
| Deferred revenue | $15,034 |
| 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 | $49,098 |
| Total liabilities | $170,675 |
| Net assets without donor restrictions | $4,673,689 |
| Net assets with donor restrictions | $474,510 |
| 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 | $5,318,874 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tarrant County Academy Of Medicine has recieved totaling $46,663.
| Awarding Organization | Amount |
|---|---|
William & Catherine Bryce Memorial Fund Chicago, IL PURPOSE: GENERAL | $20,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $16,571 |
Texas Womens Foundation Dallas, TX PURPOSE: PROGRAM: WOMEN'S HEALTH PROGRAM | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $92 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tarrant County Academy Of Medicine Fort Worth, TX | $5,318,874 | $497,232 |
Stuttgart Memorial Hospital Foundation Stuttgart, AR | $3,561,770 | $427,715 |
Oklahoma Educational Foundation For Osteopathic Medicine Oklahoma City, OK | $608,769 | $159,698 |
Grace P Rose Charitable Foundation Trust Dallas, TX | $1,348,392 | $267,504 |
Medical Education Foundation For Arkansas Little Rock, AR | $938,045 | $43,710 |
Oklahoma Health Sciences Facility Oklahoma City, OK | $2,046,666 | $104,638 |