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Texas Medical Center Foundation

  • Houston, TX
  • Tax-exempt since June 2015
  • EIN: 47-2836992

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$3.18M (2023)

Expenses
$3.01M (2023)

Total Assets
$5.47M (2023)

Total Liabilities
$31.2M (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,181,575
Expenses
$3,005,649
Net Income
$175,926
Net Assets
-$25,688,177
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,094,800
34.4%
Program Services $2,120,674
66.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$33,899
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,549,094
51.5%
Assets/Debt
Total Assets $5,474,242
Total Liabilities $31,162,419
Net Assets -$25,688,177
Compensation
Key Employees and Officers Compensation Related Other
Michael Torres (Entrepreneur In Residence) $184,934 $0 $51,040
Tinashe Chandauka (Entrepreneur In Residence) $140,931 $0 $22,051
Elliana Tuttle (Program Manager) $136,662 $0 $38,661
Amit Gupta (Computations Chemist) $100,859 $0 $42,863
William Mckeon (President) $0 $2,995,396 $66,080
Thomas Luby (Director, Innovation Inst.) $0 $676,188 $66,080
Charles W Hall (Director) $0 $0 $0
J Downey Bridgwater (Director) $0 $0 $0
Dr Bernard A Harris Jr Md (Director) $0 $0 $0
Greg Moore (Director) $0 $0 $0
Alexandra Pruner (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 6, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,562,983
Expenses
$2,091,483
Net Income
$471,500
Net Assets
-$25,864,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,047,881
40.9%
Program Services $1,572,572
61.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$57,470
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $489,552
23.4%
Assets/Debt
Total Assets $4,199,587
Total Liabilities $30,063,690
Net Assets -$25,864,103
Compensation
Key Employees and Officers Compensation Related Other
Enrique Gomez Palomares (Entrepeneur In Residence) $127,025 $0 $33,023
Sarah Hein (Entrepeneur In Residence) $102,118 $0 $29,236
William Mckeon (President) $0 $2,822,615 $63,580
Thomas Luby (Director, Innovation Inst.) $0 $661,643 $63,580
Charles W Hall (Director) $0 $0 $0
J Downey Bridgwater (Director) $0 $0 $0
Dr Bernard A Harris Jr Md (Director) $0 $0 $0
O Holcombe Crosswell (Director) $0 $0 $0
Greg Moore (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 25, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,852,240
Expenses
$1,755,740
Net Income
$96,500
Net Assets
-$26,335,603
Notable Sources of Revenue Percent of Total Revenue
Contributions $903,807
48.8%
Program Services $1,027,400
55.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$78,967
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $809,184
46.1%
Assets/Debt
Total Assets $3,263,793
Total Liabilities $29,599,396
Net Assets -$26,335,603
Compensation
Key Employees and Officers Compensation Related Other
Sarah Hein (Entrepeneur In Residence) $131,609 $0 $35,624
Enrique Gomez Palomares (Entrepeneur In Residence) $103,063 $0 $26,001
William Mckeon (President) $0 $2,428,781 $62,080
Thomas Luby (Director, Innovation Inst.) $0 $611,497 $63,380
Charles W Hall (Director) $0 $0 $0
J Downey Bridgwater (Director) $0 $0 $0
Dr Bernard A Harris Jr Md (Director) $0 $0 $0
O Holcombe Crosswell (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,372,447
Expenses
$6,372,447
Net Income
$0
Net Assets
-$26,432,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,406,261
84.8%
Program Services $1,030,300
16.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$64,114
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,853,784
44.8%
Assets/Debt
Total Assets $3,065,085
Total Liabilities $29,497,188
Net Assets -$26,432,103
Compensation
Key Employees and Officers Compensation Related Other
Thomas Luby (Director, Innovation Inst.) $546,661 $0 $61,583
Lance Black (Assoc. Director, Innov. Inst.) $273,379 $0 $25,173
Jason Sakamoto (Innovation Strategist) $142,882 $0 $43,701
Diana Rhie (Sr. Manager, Strategy & Ops) $141,341 $0 $23,800
Emily Reiser (Sr. Mgr., Innov. Cmty. Engmt.) $123,222 $0 $22,646
William Mckeon (President) $0 $1,934,525 $61,583
Charles W Hall (Director) $0 $0 $0
J Downey Bridgwater (Director) $0 $0 $0
Dr Bernard A Harris Jr Md (Director) $0 $0 $0
O Holcombe Crosswell (Director) $0 $0 $0
Patrick C Oxford (Director) $0 $0 $0
+ View more people

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990
Filed on Oct. 20, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,894,537
Expenses
$14,107,326
Net Income
-$5,212,789
Net Assets
-$26,427,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,917,097
> 100%
Program Services $93,878
1.1%
Investment Income $12,461
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$118,899
Sales of Assets -$10,000
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,591,907
32.5%
Assets/Debt
Total Assets $1,744,431
Total Liabilities $28,171,634
Net Assets -$26,427,203
Compensation
Key Employees and Officers Compensation Related Other
Arthur Garson (Director, Health Policy) $511,273 $0 $51,156
Thomas Luby (Director, Innovation Inst.) $462,902 $0 $52,923
Lance Black (Assoc. Director, Innov. Inst.) $290,213 $0 $28,000
Erik Halvorsen (Director, Innovation Inst.) $219,847 $0 $19,214
Lindsay Farrar Brown (Associate Director) $155,799 $0 $50,255
William Mckeon (President) $0 $1,709,791 $65,916
Charles W Hall (Director) $0 $0 $0
Patrick C Oxford (Director) $0 $0 $0
J Downey Bridgwater (Director) $0 $0 $0
Dr Bernard A Harris (Director) $0 $0 $0
O Holcombe Crosswell (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 2, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,736,611
Expenses
$11,456,134
Net Income
-$9,719,523
Net Assets
-$26,429,665
Notable Sources of Revenue Percent of Total Revenue
Contributions $166,477
9.6%
Program Services $1,673,261
96.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$103,127
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,307,834
37.6%
Assets/Debt
Total Assets $1,592,946
Total Liabilities $28,022,611
Net Assets -$26,429,665
Compensation
Key Employees and Officers Compensation Related Other
Arthur Garson (Director, Health Policy) $689,325 $0 $41,642
Erik Halvorsen (Director, Innovation) $384,613 $0 $69,867
Lance Black (Medical Device Lead) $202,058 $0 $18,348
Lindsay Farrar Brown (Business Strategist) $157,568 $0 $53,243
Gwynneth Ballentine (Business Strategist) $100,655 $0 $22,033
Charles W Hall (Director) $0 $0 $0
O Holcombe Crosswell (Director) $0 $0 $0
J Downey Bridgwater (Director) $0 $0 $0
William Mckeon (President) $0 $1,778,121 $66,174
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990
Filed on Nov. 5, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$955,308
Expenses
$8,889,655
Net Income
-$7,934,347
Net Assets
-$21,526,339
Notable Sources of Revenue Percent of Total Revenue
Contributions $173,307
18.1%
Program Services $873,382
91.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$91,381
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,130,328
12.7%
Professional Fundraising Fees $125,334
1.4%
Other Salaries and Wages $2,045,676
23.0%
Assets/Debt
Total Assets $582,423
Total Liabilities $22,108,762
Net Assets -$21,526,339
Compensation
Key Employees and Officers Compensation Related Other
Arthur Garson (Director, Health Policy) $653,187 $0 $69,608
Erik Halvorsen (Director, Innovation) $483,254 $0 $103,352
Lance Black (Medical Device Lead) $175,505 $0 $70,423
Lindsay Farrar Brown (Business Strategist) $147,858 $0 $60,271
Gwynneth Ballentine (Business Strategist) $125,758 $0 $37,441
Robert C Robbins Md (President (Jan 2017 Mar 2017)) $0 $1,092,724 $163,454
Charles W Hall (Director) $0 $0 $0
O Holcombe Crosswell (Director) $0 $0 $0
J Downey Bridgwater (Director) $0 $0 $0
William Mckeon (President (Beg Mar 2017)) $0 $1,391,322 $68,986
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990
Filed on Sept. 27, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$263,869
Expenses
$13,991,769
Net Income
-$13,727,900
Net Assets
-$13,645,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $105,135
39.8%
Program Services $254,352
96.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$95,618
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $361,419
2.6%
Professional Fundraising Fees $318,332
2.3%
Other Salaries and Wages $4,242,110
30.3%
Assets/Debt
Total Assets $258,397
Total Liabilities $13,904,211
Net Assets -$13,645,814
Compensation
Key Employees and Officers Compensation Related Other
Arthur Garson (Director, Health Policy) $698,215 $0 $55,151
Erik Halvorsen (Director, Innovation) $463,464 $0 $86,857
Katherine Olaksen (Business Strategist) $165,953 $0 $40,670
Sandeep Burugupalli (Business Strategist) $149,100 $0 $28,213
Robert C Robbins Md (President) $0 $1,372,696 $72,978
Charles W Hall (Director) $0 $0 $0
O Holcombe Crosswell (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 5, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$105,015
Expenses
$22,929
Net Income
$82,086
Net Assets
$82,086
Notable Sources of Revenue Percent of Total Revenue
Contributions $125,480
> 100%
Program Services $0
Investment Income $0
Net Fundraising -$20,465
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $164,031
Total Liabilities $81,945
Net Assets $82,086
Compensation
Key Employees and Officers Compensation Other
David M Underwood Dec Q3 '15 (Director, Chairman) $0 $0
Robert C Robbins M D (Director, President) $0 $0
Charles W Hall (Director, Secretary/Treasurer) $0 $0
O Holcombe Crosswell Appt Q4 '15 (Director, Chairman) $0 $0
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990-EZ
Filed on Oct. 14, 2016

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated