Nonprofit · EIN 74-6053200
TEXAS HEART INSTITUTE
Tax-exempt · HOUSTON, TX 77030
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $24,749,411 | $43,187,726 | -$18,438,315 | $263,428,752 | $13,806,502 | $249,622,250 |
| December 31, 2023 | 990 | $50,159,295 | $41,601,028 | $8,558,267 | $268,164,127 | $14,816,015 | $253,348,112 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,681,109
- of which government grants
- $5,564,399
- Program service revenue
- $3,818,084
- Investment income
- $11,774,397
- Net rental income
- $475,821
- Net gain from sales of assets
- $7,918,218
- Other revenue
- $475,821
Expenses
- Grants and similar amounts paid
- $8,100,000
- Compensation of officers, directors and key employees
- $3,006,291
- Other salaries and wages
- $13,120,731
- Salaries, compensation and benefits (total)
- $19,536,449
- Professional fundraising fees
- $0
- Legal fees
- $457,357
- Accounting fees
- $122,928
- Occupancy
- $4,460,344
- Travel
- $264,747
- Depreciation
- $1,969,435
- Program services (functional)
- $30,287,197
- Management and general (functional)
- $12,035,640
- Fundraising (functional)
- $864,889
Balance sheet and other
- Total assets, start of year
- $268,164,127
- Total assets, end of year
- $263,428,752
- Total liabilities, end of year
- $13,806,502
- Net assets, end of year
- $249,622,250
- Land, buildings and equipment
- $21,710,423
- Publicly traded securities
- $157,073,908
- Net assets without donor restrictions
- $129,656,279
- Net assets with donor restrictions
- $119,965,971
- Gross receipts
- $65,664,996
- Employees
- 206
- Volunteers
- 9
- Year formed
- 1962
- 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 |
|---|---|---|---|---|---|
| Joseph G Rogers MD | President & CEO Officer | 25 | $868,222 | $164,554 | $20,569 |
| Emerson Perin MD PhD FACC | Medical Director Key employee | 25 | $543,200 | $474,112 | $26,286 |
| Howard Schramm | Treasurer & CAO/CFO Officer | 40 | $488,456 | $0 | $26,502 |
| Darren Woodside | VP Research Key employee | 40 | $296,183 | $0 | $15,177 |
| Peter Vanderslice | Director MCRL Biology Key employee | 40 | $264,183 | $0 | $24,088 |
| Ronald Biediger | Director MCRL Chemistry Key employee | 40 | $257,735 | $0 | $22,233 |
| Julie Kolar Voss | VP Development Highest-paid employee | 40 | $236,528 | $0 | $30,245 |
| Keri Sprung | VP Education Highest-paid employee | 40 | $240,141 | $0 | $23,797 |
| Gil Costas | Lab Animal Program Director Highest-paid employee | 40 | $226,452 | $0 | $22,188 |
| Jennifer Chambers | Administrative Director Highest-paid employee | 40 | $205,076 | $0 | $22,024 |
| Robert Market | MCRL Assistant Director Highest-paid employee | 40 | $187,928 | $0 | $22,209 |
| Marcia Strauss | Executive Director Officer | 40 | $150,495 | $0 | $2,962 |
| Eric D Wade | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Alfred C Glassell III | Vice Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Hashem El-Serag MD | Trustee Trustee or director | 2 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David M Grimes II | Trustee Trustee or director | 2 | $0 |
| James T McDeavitt MD | Trustee Trustee or director | 2 | $0 |
| Todd Rosengart MD | Trustee Trustee or director | 2 | $0 |
| Ranada Safady PhD | Trustee Trustee or director | 2 | $0 |
| Alan M Speir MD | Trustee Trustee or director | 2 | $0 |
| David Vega MD | Trustee Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Emerson Perin MD PhD FACC | Medical Director Key employee | 25 | $562,650 | $459,802 | $25,876 |
| Joseph G Rogers MD | President & CEO Officer | 25 | $781,717 | $170,475 | $22,827 |
| Howard Schramm | Treasurer & CAO/CFO Officer | 40 | $402,585 | $0 | $23,551 |
| Peter Vanderslice | Director MCRL Biology Key employee | 40 | $266,595 | $0 | $21,262 |
| Ronald Biediger | Director MCRL Chemistry Key employee | 40 | $250,112 | $0 | $21,145 |
| Darren Woodside | VP Research Key employee | 40 | $254,699 | $0 | $16,148 |
| Gil Costas | Lab Animal Program Director Highest-paid employee | 40 | $219,777 | $0 | $20,171 |
| Julie Kolar Voss | VP Development Highest-paid employee | 40 | $205,257 | $0 | $24,750 |
| Keri Sprung | VP Education Highest-paid employee | 40 | $209,290 | $0 | $19,921 |
| Jennifer Chambers | Administrative Director Highest-paid employee | 40 | $199,090 | $0 | $19,069 |
| Robert Market | MCRL Assistant Director Highest-paid employee | 40 | $182,009 | $0 | $19,092 |
| Eric D Wade | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Alfred C Glassell III | Vice Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| David M Grimes II | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| T Douglas Lawson PhD | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| Bradley T Lembcke MD | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| Thomas McGinn MD | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| S Reed Morian | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| Mark Parrington | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| Randa Safady PhD | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| Marc Shapiro | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| Alan M Speir MD | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| David Vega MD | Trustee Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6770 BERTNER AVE, HOUSTON, TX 77030-2604
- Principal officer (990 for 2024)
- Howard Schramm, PO Box 20345, Houston, TX 77225
- Signed the 990
- Howard Schramm, CAO/CFO
- Phone
- (832) 355-4011
- Website
- www.texasheart.org
- Return prepared by
- Blazek & Vetterling
Mission
The mission of Texas Heart Institute (THI) is to reduce the devastating toll of cardiovascular disease through innovative and progressive programs in research, education, and improved patient care.
Program accomplishments
- Medical Research - See Schedule OExpenses $21,245,737 · grants $8,100,000 · revenue $3,138,101
- Education - See Schedule OExpenses $9,041,460 · revenue $679,983
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
- 74-6053200
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H430)
- Assets (IRS master file)
- $263,428,752
- Income (IRS master file)
- $65,664,996
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $24,749,411 | $43,187,726 | $263,428,752 | IRS |
| 990 | December 2023 | $50,159,295 | $41,601,028 | $268,164,127 | XML |
| 990 | December 2022 | $28,297,437 | $44,374,564 | $239,276,429 | 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 74-6053200).
Questions about TEXAS HEART INSTITUTE
- What is the EIN of TEXAS HEART INSTITUTE?
- The employer identification number (EIN) of TEXAS HEART INSTITUTE is 74-6053200.
- Is TEXAS HEART INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to TEXAS HEART INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXAS HEART INSTITUTE 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 HEART INSTITUTE 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 HEART INSTITUTE 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 HEART INSTITUTE?
- The 990 for the year ended December 31, 2024 names Howard Schramm.
- Who are the officers and directors of TEXAS HEART INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 21 people; 12 received compensation from the organization, the highest $868,222 (Joseph G Rogers MD, President & CEO).
- How much revenue does TEXAS HEART INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $24,749,411, expenses of $43,187,726 and total assets of $263,428,752 at year end.
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