Nonprofit · EIN 74-6050660
PHYSICIANS BENEVOLENT FUND
Tax-exempt · AUSTIN, TX 78701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $485,235 | $543,174 | -$57,939 | $5,435,650 | $0 | $5,435,650 |
| December 31, 2023 | 990 | $559,687 | $573,880 | -$14,193 | $5,245,962 | $44,674 | $5,201,288 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $160,191
- Program service revenue
- $16,823
- Investment income
- $308,221
- Net gain from sales of assets
- $173,139
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $86,444
- Other salaries and wages
- $160,045
- Salaries, compensation and benefits (total)
- $206,269
- Professional fundraising fees
- $0
- Accounting fees
- $3,174
- Travel
- $387
- Program services (functional)
- $342,981
- Management and general (functional)
- $193,403
- Fundraising (functional)
- $6,790
Balance sheet and other
- Total assets, start of year
- $5,245,962
- Total assets, end of year
- $5,435,650
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,435,650
- Publicly traded securities
- $5,160,537
- Net assets without donor restrictions
- $5,435,650
- Gross receipts
- $789,510
- Employees
- 0
- Volunteers
- 2
- Year formed
- 1963
- 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 PURPOSE FOR WHICH IT IS FORMED IS TO RECEIVE AND HOLD IN TRUST, SAFELY KEEP AND INVEST, MONEY AND OTHER REAL AND PERSONAL PROPERTY AND ACCUMULATE REVENUE AND INCOME THEREFROM, FOR THE USE AND BENEFIT OF CHARITABLE, BENEVOLENT, AND SCIENTIFIC PURPOSES, INCLUDED BUT NOT LIMITED TO (1) THE RESEARCH IN THE FIELD OF GERIATRICS, (2) THE REHABILITATION OF DESTITUTE TEXAS PHYSICIANS AND THEIR FAMILIES, (3) THE AIDING, SUPPORTING, MAINTAINING AND ASSISTING BY GIFT, DONATION OR OTHERWISE, PROJECTS OR ENDEAVORS, WHETHER INCORPORATED OR UNINCORPORATED, WHOSE OBJECTS OR PURPOSES ARE TO GIVE PHYSICAL AID, COMFORT, SUPPORT OR ASSISTANCE TO MAIMED, CRIPPLED, AGED, SICK, INFIRM, INDIGENT OR DESTITUTE TEXAS PHYSICIANS AND THEIR FAMILIES, OR TO AID, SUPPORT, MAINTAIN, ASSIST, GIVE OR DONATE TO SUCH INDIVIDUALS DIRECTLY, ALL FOR THE BETTERMENT OF MANKIND, AND FOR PURPOSES INCIDENTAL THERETO.
Program accomplishments
- ASSIST INDIGENT OR DESTITUTE PHYSICIANS OR THEIR FAMILIES. IN 2024, $86,444 WAS PAID TO/FOR 6 PARTICIPANTS.Expenses $191,015 · grants $86,444
- PROVIDE HEALTH WELLNESS EDUCATION AND SERVICES TO PHYSICIANS.Expenses $151,966 · revenue $16,823
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
- 74-6050660
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E00J)
- Assets (IRS master file)
- $5,435,650
- Income (IRS master file)
- $789,510
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $485,235 | $543,174 | $5,435,650 | XML |
| 990 | December 2023 | $559,687 | $573,880 | $5,245,962 | XML |
| 990 | December 2022 | $361,532 | $531,315 | $4,943,563 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PHYSICIANS BENEVOLENT FUND
- What is the EIN of PHYSICIANS BENEVOLENT FUND?
- The employer identification number (EIN) of PHYSICIANS BENEVOLENT FUND is 74-6050660.
- Is PHYSICIANS BENEVOLENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to PHYSICIANS BENEVOLENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHYSICIANS BENEVOLENT FUND 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 PHYSICIANS BENEVOLENT FUND 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 PHYSICIANS BENEVOLENT FUND 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 PHYSICIANS BENEVOLENT FUND?
- The 990 for the year ended December 31, 2024 names MICHAEL DARROUZET.
- Who are the officers and directors of PHYSICIANS BENEVOLENT FUND?
- The 990 for the year ended December 31, 2024 lists 26 people; 0 received compensation from the organization.
- How much revenue does PHYSICIANS BENEVOLENT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $485,235, expenses of $543,174 and total assets of $5,435,650 at year end.
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