EIN 74-2749879

Texas Medical Association Special Funds Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
State
Year formed
1954
Most recent tax filings
2023-12-01
Description
The Texas Medical Association Special Funds Foundation supports public health programs, provides loans to medical students, residents, and graduate students, offers limited grants, and underwrites lectureships regarding medicine and the law. The foundation administers a medical student loan program by lending money to qualified medical students who establish financial need. In 2022, the fund issued 29 loans totaling $136,000. The foundation also supports public health initiatives such as heart care, bike helmets for kids, immunization, patient safety, and health information technology.
Related structure
Texas Medical Association Special Funds Foundation is a subordinate organization under Texas Medical Association (TMA).
Total revenues
$1,054,892
2023
Total expenses
$504,360
2023
Total assets
$5,076,655
2023
Num. employees
0
2023

Program areas at Texas Medical Association Special Funds Foundation

Public health initiatives such as heartcare, bike helmets for kids, immunization, patient safety, and health information technology.
Administration of Medical student loan program. The fund loans money to qualified Medical students who establish a financial need. During 2023, 15 loans for were isued for total of $60,000.
Scholarship award for applicants pursuing careers in medicine or allied health.

Grants made by Texas Medical Association Special Funds Foundation

GranteeGrant descriptionAmount
Texas Medical Association (TMA)Leadership College$75,000
Walk with A DocWalk With A Doc Program$67,350

Who funds Texas Medical Association Special Funds Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Texas Medical Association FoundationDiversity and Medicine Scholarship$167,555
Texas Medical Association (TMA)Public Health Program Support$126,303
Houston Academy of MedicineGeneral Support$50,000

Personnel at Texas Medical Association Special Funds Foundation

NameTitleCompensation
Michael DarrouzetExecutive Vice President and Chief Executive Officer$0
John E DormanChief Operating Officer$0
G Ray CallasPresident - Elect$0
Bradford W HollandSpeaker of the House$0
Richard W SnyderPresident$0
...and 15 more key personnel

Financials for Texas Medical Association Special Funds Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$889,483
Program services$20,257
Investment income and dividends$112,207
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$32,945
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,054,892

Form 990s for Texas Medical Association Special Funds Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-16990View PDF
2022-122023-11-06990View PDF
2021-122022-10-31990View PDF
2020-122021-11-11990View PDF
2019-122021-03-01990View PDF
...and 10 more Form 990s
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 2 new personnel
December 31, 2023
Received grants
Identified 3 new grant, including a grant for $167,555 from Texas Medical Association Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsDisease research fundraisersDisease-focused nonprofitsChapter / child organizationsCharities
Issues
Health
Characteristics
Funds one specific organizationProvides grantsState / local levelEndowed supportProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
401 W 15th St 100
Austin, TX 78701
Metro area
Austin-Round Rock-Georgetown, TX
County
Travis County, TX
Website URL
texmed.org/ 
Phone
(512) 370-1490
IRS details
EIN
74-2749879
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
G11: Voluntary Health Associations and Medical Disciplines Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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