Nonprofit · EIN 74-2749879
TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION
Tax-exempt · AUSTIN, TX 78701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,126,762 | $432,941 | $693,821 | $6,091,018 | $0 | $6,091,018 |
| December 31, 2023 | 990 | $1,054,892 | $504,360 | $550,532 | $5,076,655 | $0 | $5,076,655 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $954,334
- Program service revenue
- $21,493
- Investment income
- $150,935
- Net gain from sales of assets
- $6,546
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $234,561
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,148
- Travel
- $1,881
- Program services (functional)
- $317,027
- Management and general (functional)
- $115,914
Balance sheet and other
- Total assets, start of year
- $5,076,655
- Total assets, end of year
- $6,091,018
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,091,018
- Publicly traded securities
- $4,998,507
- Net assets without donor restrictions
- $5,673,115
- Net assets with donor restrictions
- $417,903
- Gross receipts
- $1,256,065
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1954
- 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 |
|---|---|---|---|---|---|
| MICHAEL J DARROUZET | CEO Officer | 1 | $0 | $670,761 | $47,544 |
| JOHN E DORMAN | COO Officer | 1 | $0 | $471,276 | $80,912 |
| G RAY CALLAS MD | PRES(24-25)/PRES-ELECT(23-24) Trustee or director, Officer | 1 | $0 | $134,833 | $0 |
| RICHARD W SNYDER II MD | PRES(23-24)/IMMED PAST PRES(24-25) Trustee or director, Officer | 1 | $0 | $66,667 | $0 |
| JOSEPH S VALENTI MD | CHAIR (24-25)/VICE CHAIR (23-24) Trustee or director | 1 | $0 | $6,000 | $0 |
| KEITH A BOURGEOIS MD | CHAIR (23-24) Trustee or director | 1 | $0 | $6,000 | $0 |
| GARY W FLOYD MD | IMMED PAST PRES(23-24) Trustee or director, Officer | 0 | $0 | $0 | $0 |
| JAYESH B SHAH MD | PRES-ELECT(24-25)/SECRETARY(23-24) Trustee or director, Officer | 0 | $0 | $0 | $0 |
| GREGORY M FULLER MD | SECRETARY/TREASURER Trustee or director, Officer | 0 | $0 | $0 | $0 |
| BRADFORD W HOLLAND MD | SPEAKER OF THE HOUSE Trustee or director, Officer | 0 | $0 | $0 | $0 |
| JOHN G FLORES MD | VICE SPEAKER OF THE HOUSE Trustee or director, Officer | 0 | $0 | $0 | $0 |
| TONY R AVENTA MD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| JOHN T CARLO MD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| CYNTHIA A JUMPER MD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| KIMBERLY E MONDAY MD MPH | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRADFORD S PATT MD | TRUSTEE Trustee or director | 0 | $0 |
| LISA L EHRLICH MD | TRUSTEE (23-24) Trustee or director | 0 | $0 |
| LEE ANN PEARSE MD | TRUSTEE (24-25) Trustee or director | 0 | $0 |
| DEXTER G TURNQUEST MD | TRUSTEE (24-25) Trustee or director | 0 | $0 |
| RODNEY B YOUNG MD | TRUSTEE (24-25) Trustee or director | 0 | $0 |
| SAMUEL E MATHIS MD | YOUNG PHYSICIAN MBR (23-24) Trustee or director | 0 | $0 |
| ANDREW J WIDMER MD | YOUNG PHYSICIAN MBR (24-25) Trustee or director | 0 | $0 |
| SUBHAN TABBA MD | RESIDENT/FELLOW MBR (23-24) Trustee or director | 0 | $0 |
| PRUTHALI KULKARNI DO | RESIDENT/FELLOW MBR (24-25) Trustee or director | 0 | $0 |
| KATHERINE RUSSELL | MEDICAL STUDENT MBR (23-24) Trustee or director | 0 | $0 |
| PARMINDER DEO | MEDICAL STUDENT MBR (24-25) Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL J DARROUZET | EVP/CEO Officer | 1 | $0 | $598,400 | $45,810 |
| JOHN E DORMAN | COO Officer | 1 | $0 | $464,190 | $78,010 |
| RICHARD W SNYDER II MD | PRES(23-24)/PRES-ELECT(22-23) Trustee or director, Officer | 1 | $0 | $133,333 | $0 |
| GARY W FLOYD MD | PRES(22-23)/IMMED PAST PRES(23-24) Trustee or director, Officer | 1 | $0 | $66,667 | $0 |
| KEITH A BOURGEOIS MD | CHAIR (23-24)/VICE CHAIR (22-23) Trustee or director | 1 | $0 | $6,000 | $0 |
| G RAY CALLAS MD | PRES-ELECT(23-24)/CHAIR (22-23) Trustee or director, Officer | 1 | $0 | $4,000 | $0 |
| E LINDA VILLARREAL MD | IMMED PAST PRES(22-23) Trustee or director, Officer | 0 | $0 | $0 | $0 |
| MICHELLE A BERGER MD | SECRETARY/TREASURER(22-23) Trustee or director, Officer | 0 | $0 | $0 | $0 |
| GREGORY M FULLER MD | SECRETARY/TREASURER(23-24) Trustee or director, Officer | 0 | $0 | $0 | $0 |
| BRADFORD W HOLLAND MD | SPEAKER OF THE HOUSE Trustee or director, Officer | 0 | $0 | $0 | $0 |
| JOHN G FLORES MD | VICE SPEAKER OF THE HOUSE Trustee or director, Officer | 0 | $0 | $0 | $0 |
| JOSEPH S VALENTI MD | VICE CHAIR (23-24)/TRUSTEE (22-23) Trustee or director | 0 | $0 | $0 | $0 |
| JAYESH B SHAH MD | SECRETARY (23-24)/TRUSTEE (22-23) Trustee or director | 0 | $0 | $0 | $0 |
| JOHN T CARLO MD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| LISA L EHRLICH MD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| CYNTHIA A JUMPER MD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| KIMBERLY E MONDAY MD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| BRADFORD S PATT MD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| TONY R AVENTA MD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| SAMUEL E MATHIS MD | YOUNG PHYSICIAN MBR Trustee or director | 0 | $0 | $0 | $0 |
| ALIXANDRIA F PFEIFFER DO | RESIDENT/FELLOW MBR (22-23) Trustee or director | 0 | $0 | $0 | $0 |
| SUBHAN TABBA MD | RESIDENT/FELLOW MBR (23-24) Trustee or director | 0 | $0 | $0 | $0 |
| ABHISHEK DHARAN | MEDICAL STUDENT MBR (22-23) Trustee or director | 0 | $0 | $0 | $0 |
| KATHERINE RUSSELL | MEDICAL STUDENT MBR (23-24) Trustee or director | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 W 15TH ST STE 100, AUSTIN, TX 78701-1680
- Principal officer (990 for 2024)
- MICHAEL DARROUZET, 401 WEST 15TH STREET 100, AUSTIN, TX 787011680
- Signed the 990
- MICHAEL DARROUZET, EVP/CEO
- Phone
- (512) 370-1490
- Website
- WWW.TEXMED.ORG
Mission
THE FOUNDATION 1)SUPPORTS PUBLIC HEALTH PROGRAMS 2) PROVIDES LOANS TO MEDICAL STUDENTS, RESIDENTS, AND GRADUATE STUDENTS 3) LIMITED GRANTS 4)UNDERWRITES LECTURESHIPS REGARDING MEDICINE AND THE LAW.
Program accomplishments
- PUBLIC HEALTH INITIATIVES SUCH AS HEARTCARE, BIKE HELMETS FOR KIDS, IMMUNIZATION, PATIENT SAFETY, AND HEALTH INFORMATION TECHNOLOGY.Expenses $129,694 · grants $75,311
- SCHOLARSHIP AWARD FOR APPLICANTS PURSUING CAREERS IN MEDICINE OR ALLIED HEALTH.Expenses $185,526 · grants $159,250
- ADMINISTRATION OF MEDICAL STUDENT LOAN PROGRAM. THE FUND LOANS MONEY TO QUALIFIED MEDICAL STUDENTS WHO ESTABLISH A FINANCIAL NEED. DURING 2024, 12 LOANS FOR WERE ISUED FOR TOTAL OF $65,040.Expenses $1,807 · revenue $21,493
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
- 74-2749879
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82I)
- Assets (IRS master file)
- $6,091,018
- Income (IRS master file)
- $1,256,065
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,126,762 | $432,941 | $6,091,018 | XML |
| 990 | December 2023 | $1,054,892 | $504,360 | $5,076,655 | XML |
| 990 | December 2022 | $454,103 | $436,683 | $4,207,006 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 74-2749879).
Questions about TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION
- What is the EIN of TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION?
- The employer identification number (EIN) of TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION is 74-2749879.
- Is TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS 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 ASSOCIATION SPECIAL FUNDS 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 ASSOCIATION SPECIAL FUNDS 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 ASSOCIATION SPECIAL FUNDS FOUNDATION?
- The 990 for the year ended December 31, 2024 names MICHAEL DARROUZET.
- Who are the officers and directors of TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 26 people; 0 received compensation from the organization.
- How much revenue does TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,126,762, expenses of $432,941 and total assets of $6,091,018 at year end.
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