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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 74-1109652

SEALY & SMITH FOUNDATION

Tax-exempt · GALVESTON, TX 77550

Financials

$130.8M$30.1M2023$135.7M$57.7M2024
Revenue Expenses · by fiscal year end
Financials of SEALY & SMITH FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$135,743,625$57,722,709$78,020,916$2,305,818,243$106,851,478$2,198,966,765
December 31, 2023990$130,847,488$30,063,602$100,783,886$2,037,694,463$98,970,475$1,938,723,988
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$98,389,657
Royalties
$28,030,090
Net rental income
$1,907,592
Net gain from sales of assets
$50,174,871
Other revenue
$37,353,968

Expenses

Grants and similar amounts paid
$50,051,277
Compensation of officers, directors and key employees
$1,135,116
Other salaries and wages
$168,470
Salaries, compensation and benefits (total)
$1,527,352
Professional fundraising fees
$0
Legal fees
$24,428
Accounting fees
$77,750
Occupancy
$93,576
Program services (functional)
$50,051,277
Management and general (functional)
$7,671,432

Balance sheet and other

Total assets, start of year
$2,037,694,463
Total assets, end of year
$2,305,818,243
Total liabilities, end of year
$106,851,478
Net assets, end of year
$2,198,966,765
Land, buildings and equipment
$8,529,560
Publicly traded securities
$1,677,149,849
Net assets with donor restrictions
$2,198,966,765
Gross receipts
$250,657,818
Employees
7
Volunteers
0
Year formed
1922
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.

NameTitleHours / weekCompensationOther / benefits
DOUGLAS G ROGERSEXEC DIR/ SEC/TREAS
Trustee or director, Officer
45$426,538$45,582
JAMES S JOBEASST SEC/TREASURER
Officer
45$176,574$33,671
GLADYS STANSBERRYASST TREASURER
Officer
45$106,004$15,631
JOHN W KELSOPRESIDENT/DIRECTOR
Trustee or director, Officer
5$72,000$0
MICHAEL C DOHERTYVICE PRESIDENT/ DIR.
Trustee or director, Officer
5$72,000$0
E J PEDERSONDIRECTOR
Trustee or director
5$72,000$0
KEITH BASSETTDIRECTOR
Trustee or director
5$72,000$0
WILLIAM R SEALYDIRECTOR
Trustee or director
5$72,000$0
JAMES B GALBRAITHDIRECTOR
Trustee or director
5$66,000$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
DOUGLAS G ROGERSEXEC DIR/ SEC/TREAS
Trustee or director, Officer
45$395,429$54,059
JAMES S JOBEASST SEC/TREASURER
Officer
45$169,834$32,458
GLADYS STANSBERRYASST TREASURER
Officer
45$117,796$21,388
JOHN W KELSOPRESIDENT/DIRECTOR
Trustee or director, Officer
5$72,000$0
MICHAEL C DOHERTYVICE PRESIDENT/ DIR.
Trustee or director, Officer
5$72,000$0
JAMES B GALBRAITHDIRECTOR
Trustee or director
5$72,000$0
E J PEDERSONDIRECTOR
Trustee or director
5$72,000$0
KEITH BASSETTDIRECTOR
Trustee or director
5$72,000$0
WILLIAM R SEALYDIRECTOR
Trustee or director
5$72,000$0

Address and contacts

Address (IRS master file)
2200 MARKET ST STE 500, GALVESTON, TX 77550-1532
Principal officer (990 for 2024)
DOUGLAS G ROGERS, 2200 MARKET STREET SUITE 500, GALVESTON, TX 77550
Signed the 990
DOUGLAS G ROGERS, EXECUTIVE DIRECTOR
Phone
(409) 762-8666
Return prepared by
HAM LANGSTON & BREZINA LLP

Mission

TO PROVIDE FOR THE CONSTRUCTION, REMODELING, EQUIPPING, AND FURNISHING OF THE JOHN SEALY HOSPITAL AND OTHER HOSPITAL BUILDING OR BUILDINGS IN THE CITY OF GALVESTON, TX, IN CONNECTION WITH THE JOHN SEALY HOSPITAL, AND TO PROVIDE FOR HEALTHCARE OF CITIZENS OF GALVESTON THEREIN.

990 for the year ended December 31, 2024

Program accomplishments

  • EXPENDITURES TO SUPPORT THE JOHN SEALY HOSPITAL / UTMB - GALVESTON. SEE SCHEDULE I.
    Expenses $50,051,277 · grants $50,051,277

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-1109652
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
1938
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E110)
Assets (IRS master file)
$2,305,818,243
Income (IRS master file)
$250,657,818

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$135,743,625$57,722,709$2,305,818,243XML
990December 2023$130,847,488$30,063,602$2,037,694,463XML
990December 2022$158,734,221$31,756,764$1,674,903,989IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 74-1109652).

Questions about SEALY & SMITH FOUNDATION

What is the EIN of SEALY & SMITH FOUNDATION?
The employer identification number (EIN) of SEALY & SMITH FOUNDATION is 74-1109652.
Is SEALY & SMITH FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
Are donations to SEALY & SMITH FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does SEALY & SMITH 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 SEALY & SMITH 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 SEALY & SMITH 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 SEALY & SMITH FOUNDATION?
The 990 for the year ended December 31, 2024 names DOUGLAS G ROGERS.
Who are the officers and directors of SEALY & SMITH FOUNDATION?
The 990 for the year ended December 31, 2024 lists 9 people; 9 received compensation from the organization, the highest $426,538 (DOUGLAS G ROGERS, EXEC DIR/ SEC/TREAS).
How much revenue does SEALY & SMITH FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $135,743,625, expenses of $57,722,709 and total assets of $2,305,818,243 at year end.

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