Umc Foundation

Organization Overview

Umc Foundation is located in Lubbock, TX. The organization was established in 1979. 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. Umc 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 12/2021, Umc Foundation generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST IN THE OPERATION OF LUBBOCK COUNTY HOSPITAL DISTRICT DBA UNIVERSITY MEDICAL CENTER

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE UMC FOUNDATION WAS FORMED AND IS OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES TO ASSIST IN THE ESTABLISHMENT, OPERATION AND CONTINUATION OF THE UNIVERSITY MEDICAL CENTER HEALTH SYSTEM.


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Board, Officers & Key Employees

Name (title)Compensation
Britt Pharris
Executive Di
$0
Jeff Dane
Treasurer
$0
Stacey Morris-Potter
Chair-Elect
$0
Eric Pittman
Chair
$0
Noe Valles
Secretary
$0
Ronald Cook DO
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,995,137
Noncash contributions included in lines 1a–1f $1,500
Total Revenue from Contributions, Gifts, Grants & Similar$4,995,137
Total Program Service Revenue$0
Investment income $365,932
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 $5,361,069

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Umc Foundation has recieved totaling $221,329.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$203,102
American Cancer Society Inc

Kennesaw, GA

PURPOSE: Patient Support

$13,000
Joe And Nan Johnson Family Foundation

Wichita Falls, TX

PURPOSE: GENERAL OPERATIONS

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$227
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,911,628
Earnings$1,760,438
Admin Expense$50,448
Net Contributions$35,104
Other Expense$378,717
Ending Balance$14,278,005

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