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Texas Medical Center Venture Fund

  • Houston, TX
  • Tax-exempt since Dec. 2018
  • EIN: 82-3136541

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 / Nonmonetary Support N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$126k (2023)

Expenses
$372k (2023)

Total Assets
$36.8M (2023)

Total Liabilities
$19.2M (2023)

Source: Form 990 tax filings from 2018 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
$126,414
Expenses
$371,911
Net Income
-$245,497
Net Assets
$17,618,199
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $179,396
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$77,570
Net Inventory Sales $0
Other Revenue $24,588
19.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $230,000
61.8%
Assets/Debt
Total Assets $36,830,030
Total Liabilities $19,211,831
Net Assets $17,618,199
Compensation
Key Employees and Officers Compensation Related Other
John Reale (Executive In Residence) $234,836 $0 $33,080
William Mckeon (President) $0 $2,995,396 $66,080
Denise Castillo Rhodes (Treasurer) $0 $837,076 $33,000
Greg Moore (Vice Chairperson) $0 $0 $0
Charles W Hall (Secretary) $0 $0 $0
Bernard Harris Jr (Chairperson) $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
$706,960
Expenses
$542,029
Net Income
$164,931
Net Assets
$19,703,960
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $94,713
13.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $570,580
80.7%
Net Inventory Sales $0
Other Revenue $41,667
5.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $248,902
45.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $34,050,049
Total Liabilities $14,346,089
Net Assets $19,703,960
Compensation
Key Employees and Officers Compensation Related Other
John Reale (Director, Executive In Res.) $234,836 $0 $33,080
William Mckeon (President) $0 $2,822,615 $63,580
Denise Castillo Rhodes (Treasurer) $0 $738,121 $30,500
Tatianna Yale (Director, Chief Inv. & Plan.) $0 $668,060 $63,580
J Downey Bridgwater (Director) $0 $0 $0
Charles W Hall (Secretary) $0 $0 $0
Bernard Harris Jr (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
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,210,068
Expenses
$684,103
Net Income
$525,965
Net Assets
$16,317,797
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $40,561
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,127,840
93.2%
Net Inventory Sales $0
Other Revenue $41,667
3.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $283,077
41.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $28,801,322
Total Liabilities $12,483,525
Net Assets $16,317,797
Compensation
Key Employees and Officers Compensation Related Other
John Reale (Director, Executive In Res.) $275,164 $0 $33,080
William Mckeon (President) $0 $2,428,781 $62,080
Tatianna Yale (Director, Chief Inv. & Plan.) $0 $692,689 $62,080
Denise Castillo Rhodes (Treasurer) $0 $671,430 $29,000
J Downey Bridgwater (Director) $0 $0 $0
Charles W Hall (Secretary) $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
$396,316
Expenses
$739,556
Net Income
-$343,240
Net Assets
$3,582,136
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $146,073
36.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $208,575
52.6%
Net Inventory Sales $0
Other Revenue $41,668
10.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $99,231
13.4%
Assets/Debt
Total Assets $13,984,182
Total Liabilities $10,402,046
Net Assets $3,582,136
Compensation
Key Employees and Officers Compensation Related Other
John Reale (Director, Executive In Res.) $96,053 $0 $16,632
William Mckeon (President) $0 $1,934,525 $61,583
Tatianna Yale (Director, Chief Inv. & Plan.) $0 $690,210 $56,159
Denise Castillo Rhodes (Treasurer) $0 $667,323 $28,500
J Downey Bridgwater (Director) $0 $0 $0
Charles W Hall (Secretary) $0 $0 $0
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Document Links

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
$315,650
Expenses
$239,468
Net Income
$76,182
Net Assets
$1,472,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $104,875
33.2%
Program Services $0
Investment Income $210,775
66.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
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 $130,765
54.6%
Assets/Debt
Total Assets $9,287,078
Total Liabilities $7,814,131
Net Assets $1,472,947
Compensation
Key Employees and Officers Compensation Related Other
Juliana Garaizar Sagar (Director, Tmc Venture Fund) $131,534 $0 $0
William Mckeon (President) $0 $1,709,791 $65,916
Shawn W Cloonan (Director) $0 $678,384 $65,915
Denise Castillo Rhodes (Treasurer) $0 $630,117 $28,000
J Downey Bridgwater (Director) $0 $0 $0
Charles W Hall (Secretary) $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
$20,932
Expenses
$105,177
Net Income
-$84,245
Net Assets
-$84,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $20,932
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
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 $59,234
56.3%
Assets/Debt
Total Assets $3,345,931
Total Liabilities $3,430,176
Net Assets -$84,245
Compensation
Key Employees and Officers Compensation Related Other
William Mckeon (President) $0 $1,778,121 $66,174
Charles W Hall (Secretary) $0 $0 $0
J Downey Bridgwater (Director) $0 $0 $0
Denise Castillo Rhodes (Treasurer) $0 $572,619 $27,500
Shawn W Cloonan (Director) $0 $868,096 $66,174
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Document Links

990
Filed on Nov. 5, 2019

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

View Filing
PDF XML

About This Data

What Is 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.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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.

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