Health Foundation Of East Texas
- Assets
- $169.3m
- Revenue
- $11.6m
- Investments
- $163.8m
- Employees
- 0
- Location
- Tyler, TX
- Founding
- Data as of
- 10/2023
- EIN
- 75-2695524
Organization Overview
Health Foundation Of East Texas is located in Tyler, TX. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Foundation Of East Texas 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 10/2023, Health Foundation Of East Texas generated $11.6m 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 (35.2%) each year. All expenses for the organization totaled $6.5m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Health Foundation Of East Texas has awarded 25 individual grants totaling $18,603,814. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul W Detwiler MD Board Member | 5 | $0 | |
Dawn Franks Executive Dir. | 40 | $260,416 | |
Byron C Hale Secretary/treas | 5 | $0 | |
Steven C Roosth Board Member | 5 | $0 | |
Fred Smith Board Member | 5 | $0 | |
Elam F Swann President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,050,353 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,539,701 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$67,225 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87,749 |
| Total Revenue | $11,610,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $260,416 |
| Other employee salaries and wages | $112,724 |
| Pension plans, employee benefits | $44,778 |
| Interest | $0 |
| Taxes | $109,788 |
| Depreciation | $0 |
| Occupancy | $41,721 |
| Travel, conferences, and meetings | $13,799 |
| Printing and publications | $0 |
| Other expenses | $115,491 |
| Total operating and administrative expenses | $1,336,282 |
| Contributions, gifts, grants paid | $5,196,015 |
| Total expenses and disbursements | $6,532,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,483,796 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,430 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,408,625 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $169,330,385 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,526 |
| Total liabilities | $10,526 |
Grants Awarded
Over the last fiscal year, Health Foundation Of East Texas has awarded $5,196,015 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS HEALTH SCIENCE PURPOSE: MEDICAL SCHOOL | $4,715,000 |
EAST TEXAS COMMUNITY CLINIC PURPOSE: ASSISTANCE | $250,000 |
NEXT STEP COMMUNITY SOLUTIONS PURPOSE: RECOVERY | $225,000 |
FOSTERING COLLECTIVE PURPOSE: ASSISTANCE | $15 |
MOSAIC COUNSELING CENTER PURPOSE: ASSISTANCE | $6,000 |