Nonprofit · EIN 20-0914085
THE PHYSICIANS FOUNDATION INC
Tax-exempt · AUSTIN, TX 78701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,292,762 | $5,567,996 | $4,724,766 | $140,587,266 | $1,597,638 | $138,989,628 |
| December 31, 2024 | 990 | $5,269,787 | $6,368,394 | -$1,098,607 | $128,001,743 | $2,095,166 | $125,906,577 |
| December 31, 2023 | 990 | $5,621,570 | $5,220,588 | $400,982 | $120,303,766 | $1,398,523 | $118,905,243 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $10,290,936
- Net gain from sales of assets
- $6,396,867
- Other revenue
- $1,826
Expenses
- Grants and similar amounts paid
- $692,000
- Compensation of officers, directors and key employees
- $848,833
- Salaries, compensation and benefits (total)
- $875,492
- Professional fundraising fees
- $0
- Legal fees
- $73,714
- Accounting fees
- $130,100
- Travel
- $378,002
- Program services (functional)
- $4,298,465
- Management and general (functional)
- $1,269,531
Balance sheet and other
- Total assets, start of year
- $128,001,743
- Total assets, end of year
- $140,587,266
- Total liabilities, end of year
- $1,597,638
- Net assets, end of year
- $138,989,628
- Publicly traded securities
- $49,360,923
- Net assets without donor restrictions
- $138,989,628
- Gross receipts
- $39,179,215
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2003
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DUSTIN CORCORAN | MEMBER Trustee or director | 5 | $11,250 | $1,394,890 | $50,829 |
| MICHAEL DARROUZET | MEMBER Trustee or director | 5 | $15,000 | $701,816 | $48,070 |
| JOHN DORMAN | COO Officer | 10 | $129,486 | $498,046 | $79,569 |
| JENNIFER HANSCOM | VICE PRESIDENT Trustee or director, Officer | 5 | $17,000 | $373,867 | $27,625 |
| ROBERT SELIGSON | CEO Officer | 40 | $367,847 | $0 | $0 |
| AMY REYNOLDSON | MEMBER Trustee or director | 5 | $15,000 | $208,726 | $24,222 |
| LARRY DOWNS | SECRETARY Trustee or director, Officer | 5 | $14,875 | $219,042 | $0 |
| GARY PRICE MD | CHAIRMAN Trustee or director, Officer | 20 | $100,000 | $0 | $0 |
| JOSEPH VALENTI MD | VICE PRESIDENT Trustee or director, Officer | 5 | $17,000 | $0 | $0 |
| MARCH SEABROOK | VICE PRESIDENT Trustee or director, Officer | 5 | $17,000 | $0 | $0 |
| RIP HOLLISTER MD | MEMBER Trustee or director | 5 | $15,000 | $0 | $0 |
| RALPH NOBO MD | MEMBER Trustee or director | 5 | $15,000 | $0 | $0 |
| SUSAN BANKSTON | MEMBER Trustee or director | 5 | $15,000 | $0 | $0 |
| PAUL HARRINGTON | MEMBER Trustee or director | 5 | $15,000 | $0 | $0 |
| PALMER JONES | MEMBER Trustee or director | 5 | $15,000 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON ALEXANDER | MEMBER Trustee or director | 5 | $15,000 |
| JERRY VAN METER | MEMBER Trustee or director | 5 | $15,000 |
| ARTHUR FOUGNER MD | MEMBER Trustee or director | 5 | $15,000 |
| ALEX MALTER MD | MEMBER Trustee or director | 5 | $13,175 |
| ROBERT MONTEIRO | MEMBER Trustee or director | 5 | $7,500 |
| HURSHELL BAGGETT | MEMBER Trustee or director | 5 | $3,750 |
| SUBHI ALI MD | TREASURER Trustee or director, Officer | 5 | $0 |
| JOY MAXEY | MEMBER Trustee or director | 5 | $0 |
| RUSSELL LIBBY | MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DUSTIN CORCORAN | MEMBER Trustee or director | 5 | $10,500 | $1,484,137 | $125,716 |
| MICHAEL DARROUZET | MEMBER Trustee or director | 5 | $3,750 | $670,760 | $47,544 |
| JOHN DORMAN | COO Officer | 10 | $123,320 | $471,276 | $80,912 |
| HURSHELL BAGGETT | MEMBER Trustee or director | 5 | $10,500 | $346,171 | $50,655 |
| JENNIFER HANSCOM | VICE PRESIDENT Trustee or director, Officer | 5 | $14,500 | $356,128 | $23,237 |
| ROBERT SELIGSON | CEO Officer | 40 | $350,330 | $0 | $0 |
| AMY REYNOLDSON | MEMBER Trustee or director | 5 | $13,500 | $197,810 | $23,590 |
| LARRY DOWNS | SECRETARY Trustee or director, Officer | 5 | $15,500 | $219,042 | $0 |
| GARY PRICE MD | CHAIRMAN Trustee or director, Officer | 20 | $100,000 | $0 | $0 |
| JOSEPH VALENTI MD | VICE PRESIDENT Trustee or director, Officer | 5 | $14,500 | $0 | $0 |
| MARCH SEABROOK | VICE PRESIDENT Trustee or director, Officer | 5 | $14,500 | $0 | $0 |
| RIP HOLLISTER MD | MEMBER Trustee or director | 5 | $13,500 | $0 | $0 |
| RALPH NOBO MD | MEMBER Trustee or director | 5 | $13,500 | $0 | $0 |
| PAUL HARRINGTON | MEMBER Trustee or director | 5 | $13,500 | $0 | $0 |
| PALMER JONES | MEMBER Trustee or director | 5 | $13,500 | $0 | $0 |
| DON ALEXANDER | MEMBER Trustee or director | 5 | $13,500 | $0 | $0 |
| ALEX MALTER MD | MEMBER Trustee or director | 5 | $13,500 | $0 | $0 |
| LAWRENCE BRAUD MD | VICE PRESIDENT Trustee or director, Officer | 5 | $13,500 | $0 | $0 |
| JERRY VAN METER | MEMBER Trustee or director | 5 | $13,500 | $0 | $0 |
| ARTHUR FOUGNER MD | MEMBER Trustee or director | 5 | $10,500 | $0 | $0 |
| SUSAN BANKSTON | MEMBER Trustee or director | 5 | $7,500 | $0 | $0 |
| SUBHI ALI MD | TREASURER Trustee or director, Officer | 5 | $7,000 | $0 | $0 |
| RUSSELL LIBBY MD | MEMBER Trustee or director | 5 | $0 | $0 | $0 |
| JOY MAXEY | MEMBER Trustee or director | 5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DUSTIN CORCORAN | MEMBER Trustee or director | 5 | $7,500 | $1,227,159 | $112,049 |
| JOHN DORMAN | COO Officer | 10 | $109,817 | $464,190 | $82,593 |
| MICHAEL DARROUZET | MEMBER Trustee or director | 5 | $0 | $598,400 | $45,810 |
| JENNIFER HANSCOM | MEMBER Trustee or director | 5 | $12,000 | $356,128 | $23,237 |
| HURSHELL BAGGETT | MEMBER Trustee or director | 5 | $12,000 | $315,000 | $52,907 |
| ROBERT SELIGSON | CEO Officer | 40 | $311,979 | $0 | $13,021 |
| LARRY DOWNS | SECRETARY Trustee or director, Officer | 5 | $14,000 | $219,042 | $0 |
| AMY REYNOLDSON | MEMBER Trustee or director | 5 | $6,000 | $168,950 | $21,488 |
| GARY PRICE MD | CHAIRMAN Trustee or director, Officer | 20 | $100,000 | $0 | $0 |
| SUBHI ALI MD | TREASURER Trustee or director, Officer | 5 | $14,000 | $0 | $0 |
| LAWRENCE BRAUD MD | VICE PRESIDENT Trustee or director, Officer | 5 | $14,000 | $0 | $0 |
| RIP HOLLISTER MD | MEMBER Trustee or director | 5 | $12,000 | $0 | $0 |
| RALPH NOBO MD | MEMBER Trustee or director | 5 | $12,000 | $0 | $0 |
| PAUL HARRINGTON | MEMBER Trustee or director | 5 | $12,000 | $0 | $0 |
| PALMER JONES | MEMBER Trustee or director | 5 | $12,000 | $0 | $0 |
| DON ALEXANDER | MEMBER Trustee or director | 5 | $12,000 | $0 | $0 |
| MARCH SEABROOK | MEMBER Trustee or director | 5 | $12,000 | $0 | $0 |
| JERRY VAN METER | MEMBER Trustee or director | 5 | $12,000 | $0 | $0 |
| JOSEPH VALENTI MD | MEMBER Trustee or director | 5 | $10,500 | $0 | $0 |
| ALEX MALTER MD | MEMBER Trustee or director | 5 | $7,500 | $0 | $0 |
| SANDRA JOHNSON | MEMBER Trustee or director | 5 | $6,000 | $0 | $0 |
| ARTHUR FOUGNER MD | MEMBER Trustee or director | 5 | $6,000 | $0 | $0 |
| PHIL SCHUH | MEMBER Trustee or director | 5 | $3,000 | $0 | $0 |
| RUSSELL LIBBY MD | MEMBER Trustee or director | 5 | $0 | $0 | $0 |
| JOY MAXEY | MEMBER Trustee or director | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 W 15TH ST STE 100, AUSTIN, TX 78701-1672
- In care of
- % WILLIAM MAHON
- Principal officer (990 for 2025)
- JOHN DORMAN, 401 W 15TH STREET 100, AUSTIN, TX 78701
- Signed the 990
- JOHN DORMAN, COO
- Phone
- (617) 399-0417
- Website
- WWW.PHYSICIANSFOUNDATION.ORG
- Return prepared by
- AVENSON HAMANN CPAS LLP
Mission
THE MISSION OF THE PHYSICIANS FOUNDATION IS TO SUPPORT AND EMPOWER ALL PHYSICIANS TO PROVIDE HIGH QUALITY CARE, TO MAINTAIN THE SANCTITY OF THE PATIENT-PHYSICIAN RELATIONSHIP AND TO TAKE AN ACTIVE LEADERSHIP ROLE IN SHAPING THE FUTURE OF HEALTHCARE.
Program accomplishments
- PHYSICIAN LEADERSHIP - GRANTS AND PROGRAMS TO EQUIP PHYSICIANS WITH THE CORE MANAGEMENT AND LEADERSHIP SKILLS NEEDED AS THEY INCREASINGLY FACE ADMINISTRATIVE AND REGULATORY BURDENS.Expenses $971,664
- GENERAL HEALTH INITIATIVES - INCLUDE SOCIAL DETERMINANTS, DIRECT PRIMARY CARE EDUCATION, AND THE DEVELOPMENT OF TOOLS AND RESOURCES TO HELP PHYSICIAN PRACTICES IMPLEMENT TELEMEDICINE AND TECHNOLOGY.Expenses $2,459,880 · grants $292,000
- WELLNESS - GRANTS AND PROGRAMS TO SUPPORT SYSTEMIC CHANGE AND INNOVATIVE RESEARCH THAT REDUCES PHYSICIAN BURNOUT WHICH CAN HAVE DEVASTATING EFFECTS ON PHYSICIANS' QUALITY OF LIFE, AS WELL AS ON COST OF, ACCESS TO, AND QUALITY OF CARE.Expenses $866,921 · grants $400,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0914085
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F129)
- Assets (IRS master file)
- $140,587,266
- Income (IRS master file)
- $39,179,215
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,292,762 | $5,567,996 | $140,587,266 | XML |
| 990 | December 2024 | $5,269,787 | $6,368,394 | $128,001,743 | IRS |
| 990 | December 2023 | $5,621,570 | $5,220,588 | $120,303,766 | XML |
| 990 | December 2022 | $2,696,008 | $5,991,214 | $110,470,672 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0914085).
Questions about THE PHYSICIANS FOUNDATION INC
- What is the EIN of THE PHYSICIANS FOUNDATION INC?
- The employer identification number (EIN) of THE PHYSICIANS FOUNDATION INC is 20-0914085.
- Is THE PHYSICIANS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to THE PHYSICIANS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE PHYSICIANS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE PHYSICIANS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE PHYSICIANS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE PHYSICIANS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names JOHN DORMAN.
- Who are the officers and directors of THE PHYSICIANS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 24 people; 21 received compensation from the organization, the highest $11,250 (DUSTIN CORCORAN, MEMBER).
- How much revenue does THE PHYSICIANS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,292,762, expenses of $5,567,996 and total assets of $140,587,266 at year end.
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All nonprofits in AUSTIN · Texas · Mental health and crisis intervention