Nonprofit · EIN 47-2836992
TEXAS MEDICAL CENTER FOUNDATION
Tax-exempt · HOUSTON, TX 77021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,439,508 | $2,980,612 | $458,896 | $3,920,700 | $29,149,981 | -$25,229,281 |
| December 31, 2023 | 990 | $3,181,575 | $3,005,649 | $175,926 | $5,474,242 | $31,162,419 | -$25,688,177 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,300,925
- Program service revenue
- $2,247,579
- Investment income
- $0
- Net income from fundraising events
- -$108,996
- Other revenue
- -$108,996
Expenses
- Grants and similar amounts paid
- $292,432
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $1,547,388
- Salaries, compensation and benefits (total)
- $1,993,145
- Professional fundraising fees
- $0
- Accounting fees
- $50,149
- Travel
- $30,112
- Program services (functional)
- $2,934,725
- Management and general (functional)
- $45,887
Balance sheet and other
- Total assets, start of year
- $5,474,242
- Total assets, end of year
- $3,920,700
- Total liabilities, end of year
- $29,149,981
- Net assets, end of year
- -$25,229,281
- Net assets without donor restrictions
- -$25,229,281
- Gross receipts
- $3,635,433
- Employees
- 8
- Volunteers
- 4
- Year formed
- 2014
- State of legal domicile
- TX
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM MCKEON | PRESIDENT Trustee or director, Officer | 1 | $0 | $3,117,227 | $67,583 |
| THOMAS LUBY | DIRECTOR, INNOVATION INST. Key employee | 1 | $0 | $744,432 | $67,583 |
| TINASHE CHANDAUKA | ENTREPRENEUR IN RESIDENCE Highest-paid employee | 40 | $198,840 | $0 | $30,400 |
| DEEPAVALI CHAKRAVARTI | ENTREPRENEUR IN RESIDENCE Highest-paid employee | 40 | $180,903 | $0 | $37,135 |
| ELLIANA TUTTLE | INNOVATION MANAGER Highest-paid employee | 40 | $143,061 | $0 | $46,913 |
| SUPRIYA SINHA | ENTREPRENEUR IN RESIDENCE Highest-paid employee | 40 | $137,204 | $0 | $31,711 |
| SANIYA MANSURI | HEALTHCARE CONSULTANT Highest-paid employee | 40 | $124,763 | $0 | $11,028 |
| CHARLES W HALL | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| J DOWNEY BRIDGWATER | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| GREG MOORE | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| ALEXANDRA PRUNER | VICE-CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| DR BERNARD A HARRIS JR MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM MCKEON | PRESIDENT Trustee or director, Officer | 1 | $0 | $2,995,396 | $66,080 |
| THOMAS LUBY | DIRECTOR, INNOVATION INST. Key employee | 1 | $0 | $676,188 | $66,080 |
| MICHAEL TORRES | Entrepreneur in Residence Highest-paid employee | 40 | $184,934 | $0 | $51,040 |
| ELLIANA TUTTLE | Program Manager Highest-paid employee | 40 | $136,662 | $0 | $38,661 |
| Tinashe Chandauka | Entrepreneur in Residence Highest-paid employee | 40 | $140,931 | $0 | $22,051 |
| AMIT GUPTA | Computations Chemist Highest-paid employee | 40 | $100,859 | $0 | $42,863 |
| CHARLES W HALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| J DOWNEY BRIDGWATER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR BERNARD A HARRIS JR MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GREG MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Alexandra Pruner | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2450 HOLCOMBE BLVD STE 1, HOUSTON, TX 77021-2040
- In care of
- % DENISE CASTILLO-RHODES
- Principal officer (990 for 2024)
- WILLIAM MCKEON, 2450 HOLCOMBE BLVD SUITE 1, HOUSTON, TX 77021
- Signed the 990
- DENISE CASTILLO-RHODES, CFO
- Phone
- (713) 791-6104
- Return prepared by
- PwC US Tax LLP
Mission
SEE SCHEDULE O
Program accomplishments
- SEE SCHEDULE OExpenses $1,954,611 · revenue $1,093,066
- SEE SCHEDULE OExpenses $687,682 · revenue $1,154,513
- SEE SCHEDULE OExpenses $292,432 · grants $292,432
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 | Not 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
- 47-2836992
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E11)
- Assets (IRS master file)
- $3,920,700
- Income (IRS master file)
- $3,635,433
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,439,508 | $2,980,612 | $3,920,700 | XML |
| 990 | December 2023 | $3,181,575 | $3,005,649 | $5,474,242 | XML |
| 990 | December 2022 | $2,562,983 | $2,091,483 | $4,199,587 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 47-2836992).
Questions about TEXAS MEDICAL CENTER FOUNDATION
- What is the EIN of TEXAS MEDICAL CENTER FOUNDATION?
- The employer identification number (EIN) of TEXAS MEDICAL CENTER FOUNDATION is 47-2836992.
- Is TEXAS MEDICAL CENTER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to TEXAS MEDICAL CENTER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does TEXAS MEDICAL CENTER FOUNDATION 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 TEXAS MEDICAL CENTER FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEXAS MEDICAL CENTER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TEXAS MEDICAL CENTER FOUNDATION?
- The 990 for the year ended December 31, 2024 names WILLIAM MCKEON.
- Who are the officers and directors of TEXAS MEDICAL CENTER FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization.
- How much revenue does TEXAS MEDICAL CENTER FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,439,508, expenses of $2,980,612 and total assets of $3,920,700 at year end.
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