Dallas Methodist Hospitals Foundation Inc
- Assets
- $153.9m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1977
- Data as of
- 09/2021
- EIN
- 75-1548343
Organization Overview
Dallas Methodist Hospitals Foundation Inc, operating under the name Methodist Health System Foundation, is located in Dallas, TX. The organization was established in 1977. 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. Methodist Health System 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 09/2021, Methodist Health System Foundation generated $19.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $19.6m during the year ending 09/2021. While expenses have increased by 19.5% per year over the past 6 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.
Since 2017, Methodist Health System Foundation has awarded 11 individual grants totaling $19,574,537. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO INCREASE THE COMMUNITY AWARENESS OF AND TO SUPPORT THE EXEMPT PURPOSE AND CHARITABLE FUNCTIONS OF THE METHODIST HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SUPPORT THE CHARITABLE OPERATIONS AND EXEMPT PURPOSE OF THE METHODIST HEALTH SYSTEM. DUE TO THE COVID-19 PANDEMIC DURING FISCAL YEAR 2021, THE FOUNDATION'S FUNDRAISING EVENTS WERE CANCELLED BUT ARE EXPECTED TO CONTINUE IN FISCAL YEAR 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $27,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,817,987 |
| Noncash contributions included in lines 1a–1f | $983,036 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,845,487 |
| Total Program Service Revenue | $0 |
| Investment income | $1,749,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,750 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,445,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,053,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,085,054 |
| Grants and other assistance to domestic individuals. | $69,138 |
| 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 | $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 | $98,432 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,857 |
| Fees for services: Other | $25,996 |
| Advertising and promotion | $82,585 |
| Office expenses | $62,046 |
| Information technology | $72,761 |
| Royalties | $0 |
| Occupancy | $92,405 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,597,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,934 |
| Savings and temporary cash investments | $3,427,946 |
| Pledges and grants receivable | $5,374,303 |
| Accounts receivable, net | $53,969 |
| 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 | $80,400 |
| Investments—publicly traded securities | $144,896,257 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,905,809 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,115,249 |
| Total liabilities | $1,115,249 |
| Net assets without donor restrictions | $106,486,819 |
| Net assets with donor restrictions | $46,303,741 |
| 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 | $153,905,809 |
Grants Awarded
Over the last fiscal year, Dallas Methodist Hospitals Foundation Inc has awarded $9,654,257 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: SUPPORT FOR THE CHARITABLE PURPOSE OF METHODIST HOSPITALS OF DALLAS | $9,644,257 |
Dallas, TX PURPOSE: SUPPORT THE CHARITABLE PURPOSE OF METHODIST HOSPITALS OF DALLAS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Dallas Methodist Hospitals Foundation Inc has recieved totaling $2,666,567.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $1,839,323 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $391,948 |
Harry S Moss Heart Trust Dallas, TX PURPOSE: CARDIOLOGY FELLOWSHIP AT | $230,000 |
Hesta Stuart Christian Charitable Trust Chicago, IL PURPOSE: GENERAL | $130,000 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $48,274 |
Junior League Of Dallas Inc Dallas, TX PURPOSE: HEALTH | $26,000 |
Endowment Analysis
| Beg. Balance | $92,094,390 |
| Earnings | $23,541,132 |
| Other Expense | $7,847,617 |
| Ending Balance | $107,787,905 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W I Cook Foundation Inc Fort Worth, TX | $3,246,012,284 | $259,660,047 |
Childrens Medical Center Foundation Dallas, TX | $1,970,405,088 | $64,214,565 |
Gshs Administrative Services Organization Inc Longview, TX | $3,821,992 | $32,386,518 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
St Joseph Services Corporation Bryan, TX | $46,581,742 | $27,740,881 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |
Texas Health Resources Foundation Arlington, TX | $399,495,018 | $49,274,607 |
Foundation Health Services Inc Baton Rouge, LA | $13,978,378 | $22,883,719 |
White County Physician Group Searcy, AR | $5,249,006 | $21,201,707 |
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |