St Lukes Medical Tower Corporation
- Assets
- $173.7m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/1997
- Data as of
- 06/2021
- EIN
- 76-0531713
Organization Overview
St Lukes Medical Tower Corporation is located in Houston, TX. The organization was established in 1997. 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. St Lukes Medical Tower Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ST. LUKE'S MEDICAL TOWER CORPORATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF AND TO CARRY OUT THE FUNCTIONS OF CHI ST. LUKE'S HEALTH BAYLOR COLLEGE OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. LUKE'S MEDICAL TOWER CORPORATION WAS FORMED TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF AND TO CARRY OUT THE FUNCTIONS OF CHI ST. LUKE'S HEALTH BAYLOR COLLEGE OF MEDICINE MEDICAL CENTER ("THE HOSPITAL") THROUGH THE OWNERSHIP AND FINANCING, DEVELOPING, OPERATING, MANAGING, LEASING, EQUIPPING, SELLING, ASSIGNING AND OTHERWISE DEALING WITH REAL PROPERTY FOR THE HOSPITAL AND ITS AFFILIATED ORGANIZATIONS. DURING FISCAL YEAR ENDING 6/30/17, ST. LUKE'S MEDICAL TOWER CORPORATION SOLD THE REAL PROPERTIES THAT GENERATED RENTAL REVENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Shapiro Bd Member/secretary | OfficerTrustee | 1 | $0 |
Paul Klotman MD Bd Member/president | OfficerTrustee | 1 | $0 |
Clayton Trier Bd Member/treasurer | OfficerTrustee | 1 | $0 |
T Douglas Lawson PHD CEO Of St. Luke's Health System | Officer | 1 | $0 |
Mark Teresi Former CFO Of Chi St. Luke's Health System | Officer | 1 | $0 |
Linda Kulhanek CFO Of Chi St. Luke's Health System | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Security Associates Security Services | 6/29/17 | $494,987 |
Iss Facility Services Facility Services | 6/29/17 | $371,653 |
Cotton Commercial Usa Inc Disaster Recovery Services | 6/29/17 | $210,208 |
Letsos Company Maintenance Services | 6/29/17 | $179,995 |
Hunton Services Hvac Services | 6/29/17 | $170,419 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,818 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $36,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,617,705 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,090,601 |
| Total assets | $173,708,956 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $143,884 |
| 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 | $3,809 |
| Total liabilities | $147,693 |
| Net assets without donor restrictions | $173,561,263 |
| Net assets with donor restrictions | $0 |
| 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 | $173,708,956 |
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|---|---|---|
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Dr Ralph And Marian Falk Medical Research Trust Dallas, TX | $157,031,108 | $27,774,925 |
Baxter Regional Health System Mountain Home, AR | $14,213,450 | $5,449,771 |
West Texas Rehabilitation Center Foundation Abilene, TX | $206,763,020 | $14,541,495 |
Adventhealth Family Medicine Rural Health Clinics Inc Lampasas, TX | $9,726,205 | $5,929,517 |
Presbyterian Healthcare Foundation Albuquerque, NM | $137,827,322 | $16,177,459 |
Mercy Health Foundation Northwest Arkansas Rogers, AR | $34,793,872 | $7,195,266 |
Morningcrest Healthcare Foundation Tulsa, OK | $118,675,297 | $6,098,812 |
Baton Rouge Clinic A Medical Corp Medical Plan Tr Baton Rouge, LA | $530,000 | $6,094,858 |
Baylor College Of Medicine International Pediatric Aids Initi Houston, TX | $1,386,187 | $6,117,743 |
Ardmore Insitiute Of Health Ardmore, OK | $93,865,860 | $16,959,827 |