Civic Intelligence

May Owen Irrevocable Trust

990 • Fiscal year 2022 • EIN 23-7377962

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 06, 2023

Organization ProfileWWW.TEXMED.ORG
401 West 15th Street 100Austin, TX 78701-1680

(512) 370-1490

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

5th percentile

-68%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

99th percentile

$671,763

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 412.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

13th percentile

-15%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-40%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$4,349,225

Down $739,558 (-15%) from 2021

Net Assets

Down

$4,349,225

Down $739,558 (-15%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin5th percentile

Revenue

Down

$162,795

Down $110,515 (-40%) from 2021

Expenses

Up

$273,800

Up $126,079 (+85%) from 2021

Net Income

Down

-$111,005

Down $236,594 (-188%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2019: $4,392,467Liabilities 2019: $0Net Assets 2019: $4,392,4672019Assets 2020: $4,677,266Liabilities 2020: $0Net Assets 2020: $4,677,2662020Assets 2021: $5,088,783Liabilities 2021: $0Net Assets 2021: $5,088,7832021Assets 2022: $4,349,225Liabilities 2022: $0Net Assets 2022: $4,349,2252022Assets 2023: $4,522,709Liabilities 2023: $0Net Assets 2023: $4,522,7092023Assets 2024: $4,660,202Liabilities 2024: $0Net Assets 2024: $4,660,2022024

Highlighted filing

2022

Assets$4,349,225
Liabilities$0
Net Assets$4,349,225
Open 2022 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2019: $390,601Expenses 2019: $231,783Net Income 2019: $158,8182019Revenue 2020: $146,421Expenses 2020: $204,853Net Income 2020: -$58,4322020Revenue 2021: $273,310Expenses 2021: $147,721Net Income 2021: $125,5892021Revenue 2022: $162,795Expenses 2022: $273,800Net Income 2022: -$111,0052022Revenue 2023: $303,945Expenses 2023: $298,882Net Income 2023: $5,0632023Revenue 2024: $321,920Expenses 2024: $280,650Net Income 2024: $41,2702024

Highlighted filing

2022

Revenue$162,795
Expenses$273,800
Net Income-$111,005
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$575,798
Mission and Program Overview

Mission

The purpose of this fund is to loan money to qualified medical students who establish financial need.

To loan money to qualified medical students who establish financial need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,746,301$3,073,294▼ $673,007
Other Notes and Loans Receivable, Net$1,053,183$1,094,785▲ $41,602
Savings and Temporary Cash Investments$280,634$172,897▼ $107,737
Accounts Receivable$6,192$6,107▼ $85
Land, Buildings, and Equipment, Net$2,473$2,142▼ $331
Total Assets$5,088,783$4,349,225▼ $739,558
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,086,310$4,347,083▼ $739,227
Net Assets Without Donor Restrictions$2,473$2,142▼ $331
Total Net Assets Fund Balance$5,088,783$4,349,225▼ $739,558
Total Liabilities and Net Assets / Fund Balance$5,088,783$4,349,225▼ $739,558

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,142$132,877$135,019

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$826,082---$826,082
2021$826,082---$826,082
2020$826,082---$826,082
2019$826,082---$826,082
2018$826,082---$826,082
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Gary W Floyd MdPres(22-23)/pres-elect(21-22)$133,333$133,333
E Linda Villarreal MdPres(21-22)/immed Past Pres(22-23)$66,667$66,667
G Ray Callas MdChair (22-23)/vice Chair (21-22)$6,000$6,000
Richard W Snyder Ii MdPres-elect(22-23)/chair (21-22)$4,000$4,000

Board Members and Trustees

NameTitle
Keith a Bourgeois MdVice Chair (22-23)/trustee
Cynthia a Jumper MdTrustee
Jayesh B Shah MdTrustee
Joseph S Valenti MdTrustee
Kimberly E Monday MdTrustee
Lisa L Ehrlich MdTrustee
Sue S Bornstein MdTrustee (21-22)
Bradford S Patt MdTrustee (22-23)
John T Carlo MdTrustee (22-23)
Michael DarrouzetEvp/CEO
Diana L Fite MdImmed Past Pres(21-22)
Swetha MaddipudiMedical Student Mbr (21-22)
Abhishek DharanMedical Student Mbr (22-23)
Abdul Abid MdResident/fellow Mbr (21-22)
Alixandria Pfeiffer DoResident/fellow Mbr (22-23)
Michelle a Berger MdSecretary/treasurer
Bradford W Holland MdSpeaker of the House
John G Flores MdVice Speaker of the House
M Brett Cooper MdYoung Physician Mbr (21-22)
Samuel E Mathis MdYoung Physician Mbr (22-23)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$44,756
Investment Income
$118,039
Other Revenue
$0
Change in Net Assets
$-111,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,247
Salaries, Compensation, and Employee Benefits$104,353
Grants and Similar Amounts Paid$200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$81,649-$81,649
Other Salaries and Wages$74,665--$74,665
Information Technology$20,786$8,909-$29,695
Occupancy$26,110--$26,110
Fees for Service Investment Mgmnt Fees-$14,157-$14,157
Pension Plan Contributions$13,064--$13,064
Other Employee Benefits$10,860--$10,860
Office Expenses$2,035$7,505-$9,540
Payroll Taxes$5,764--$5,764
Fees for Services Accounting-$2,296-$2,296
Other Expenses$1,207--$1,207
Travel$936--$936
Depreciation Depletion-$331-$331
Grants to Domestic Orgs$200--$200
Conferences and Meetings$100--$100
Total Functional Expenses$158,953$114,847$0$273,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is prepared by the associate vice president of the association accounting department. Prior to filing, the return is thoroughly reviewed by the vice president of finance, the chief operating officer, and the executive vice president. The return is made available to all officers and trustees upon completion.”

Form 990, Part VI, Section B, Line 12C

“Disclosure of affiliations questionnaire is submitted by all officers and trustees annually. The conflict of interest policy is reviewed at the beginning of all board meetings.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
May Owen Irrevocable Trust
EIN
23-7377962
Phone
5123701490
Address
401 WEST 15TH STREET 100, AUSTIN, TX 78701-1680

Signing Officer

Name
Michael Darrouzet
Title
Evp/CEO
Phone
5123701300
Signed
2023-11-06

Organization Details

Principal Officer
Michael Darrouzet
Formed
1974
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
25
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board of trustees approves selection of independent auditor. The annual audit report is formally presented to the board by the audit firm partner responsible for the engagement. At this time, the board also meets with the auditor in executive session to discuss any questions and concerns in absence of association staff.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for uncertain tax positions based on a more-likely-than-not threshold for the recognition and de-recognition of tax positions, which includes the accounting for interest and penalties relating to tax positions. The organization does not currently have any material tax positions management considers uncertain at december 31, 2022.”

Raw XML AppendixShowing 400 of 606 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt06192
IRS990/AccountsReceivableGrp/EOYAmt06107
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO LOAN MONEY TO QUALIFIED MEDICAL STUDENTS WHO ESTABLISH FINANCIAL NEED.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STEPHEN DAVIS
IRS990/BooksInCareOfDetail/PhoneNum05123701490
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0401 WEST 15TH ST STE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0AUSTIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd078701
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0100
IRS990/ConferencesMeetingsGrp/TotalAmt0100
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0200
IRS990/CYInvestmentIncomeAmt0118039
IRS990/CYOtherExpensesAmt0169247
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt044756
IRS990/CYRevenuesLessExpensesAmt0-111005
IRS990/CYSalariesCompEmpBnftPaidAmt0104353
IRS990/CYTotalExpensesAmt0273800
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0162795
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0331
IRS990/DepreciationDepletionGrp/TotalAmt0331
IRS990/Desc0THE FUND LOANS MONEY TO QUALIFIED MEDICAL STUDENTS WHO ESTABLISH FINANCIAL NEED. IN 2022, $147,500 WAS LOANED TO 30 MEDICAL RESIDENTS AND MEDICAL STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt05086310
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt04347083
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0158953
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02296
IRS990/FeesForServicesAccountingGrp/TotalAmt02296
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt081649
IRS990/FeesForServicesManagementGrp/TotalAmt081649
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt014157
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt014157
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt152.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt162.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt172.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt182.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt192.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt202.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt212.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt222.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt2340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt160.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt170.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt180.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt190.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt200.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt220.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt231.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2342547
IRS990/Form990PartVIISectionAGrp/PersonNm0GARY W FLOYD MD
IRS990/Form990PartVIISectionAGrp/PersonNm1E LINDA VILLARREAL MD
IRS990/Form990PartVIISectionAGrp/PersonNm2DIANA L FITE MD
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD W SNYDER II MD
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHELLE A BERGER MD
IRS990/Form990PartVIISectionAGrp/PersonNm5BRADFORD W HOLLAND MD
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN G FLORES MD
IRS990/Form990PartVIISectionAGrp/PersonNm7G RAY CALLAS MD
IRS990/Form990PartVIISectionAGrp/PersonNm8KEITH A BOURGEOIS MD
IRS990/Form990PartVIISectionAGrp/PersonNm9LISA L EHRLICH MD
IRS990/Form990PartVIISectionAGrp/PersonNm10CYNTHIA A JUMPER MD
IRS990/Form990PartVIISectionAGrp/PersonNm11KIMBERLY E MONDAY MD
IRS990/Form990PartVIISectionAGrp/PersonNm12JAYESH B SHAH MD
IRS990/Form990PartVIISectionAGrp/PersonNm13JOSEPH S VALENTI MD
IRS990/Form990PartVIISectionAGrp/PersonNm14SUE S BORNSTEIN MD
IRS990/Form990PartVIISectionAGrp/PersonNm15JOHN T CARLO MD
IRS990/Form990PartVIISectionAGrp/PersonNm16SAMUEL E MATHIS MD
IRS990/Form990PartVIISectionAGrp/PersonNm17BRADFORD S PATT MD
IRS990/Form990PartVIISectionAGrp/PersonNm18M BRETT COOPER MD
IRS990/Form990PartVIISectionAGrp/PersonNm19ABDUL ABID MD
IRS990/Form990PartVIISectionAGrp/PersonNm20ALIXANDRIA PFEIFFER DO
IRS990/Form990PartVIISectionAGrp/PersonNm21SWETHA MADDIPUDI
IRS990/Form990PartVIISectionAGrp/PersonNm22ABHISHEK DHARAN
IRS990/Form990PartVIISectionAGrp/PersonNm23MICHAEL DARROUZET
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0133333
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt166667
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt34000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt76000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt23629216
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRES(22-23)/PRES-ELECT(21-22)
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRES(21-22)/IMMED PAST PRES(22-23)
IRS990/Form990PartVIISectionAGrp/TitleTxt2IMMED PAST PRES(21-22)
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRES-ELECT(22-23)/CHAIR (21-22)
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SPEAKER OF THE HOUSE
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE SPEAKER OF THE HOUSE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR (22-23)/VICE CHAIR (21-22)
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR (22-23)/TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE (21-22)
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE (22-23)
IRS990/Form990PartVIISectionAGrp/TitleTxt16YOUNG PHYSICIAN MBR (22-23)
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE (22-23)
IRS990/Form990PartVIISectionAGrp/TitleTxt18YOUNG PHYSICIAN MBR (21-22)
IRS990/Form990PartVIISectionAGrp/TitleTxt19RESIDENT/FELLOW MBR (21-22)
IRS990/Form990PartVIISectionAGrp/TitleTxt20RESIDENT/FELLOW MBR (22-23)
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEDICAL STUDENT MBR (21-22)
IRS990/Form990PartVIISectionAGrp/TitleTxt22MEDICAL STUDENT MBR (22-23)
IRS990/Form990PartVIISectionAGrp/TitleTxt23EVP/CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt051737
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantAmt0200
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0200
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0200
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0464740
IRS990/GrossReceiptsAmt0575798
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08909
IRS990/InformationTechnologyGrp/ProgramServicesAmt020786
IRS990/InformationTechnologyGrp/TotalAmt029695
IRS990/InvestmentIncomeGrp/ExclusionAmt066302
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt066302
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03746301
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03073294
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0132877
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02473
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02142
IRS990/LandBldgEquipCostOrOtherBssAmt0135019
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0413003
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF THIS FUND IS TO LOAN MONEY TO QUALIFIED MEDICAL STUDENTS WHO ESTABLISH FINANCIAL NEED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05088783
IRS990/NetAssetsOrFundBalancesEOYAmt04349225
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt051737
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt051737
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-628553
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02473
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02142
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt026110
IRS990/OccupancyGrp/TotalAmt026110
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07505
IRS990/OfficeExpensesGrp/ProgramServicesAmt02035
IRS990/OfficeExpensesGrp/TotalAmt09540
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010860
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010860
IRS990/OtherExpensesGrp/Desc0CREDIT LIFE INSURANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt03226
IRS990/OtherExpensesGrp/ProgramServicesAmt11207
IRS990/OtherExpensesGrp/TotalAmt03226
IRS990/OtherExpensesGrp/TotalAmt11207
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt074665
IRS990/OtherSalariesAndWagesGrp/TotalAmt074665
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01053183
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01094785
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05764
IRS990/PayrollTaxesGrp/TotalAmt05764
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013064
IRS990/PensionPlanContributionsGrp/TotalAmt013064
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL DARROUZET
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt044756
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt044756
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0500
IRS990/PYInvestmentIncomeAmt0228580
IRS990/PYOtherExpensesAmt043331
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt044730
IRS990/PYRevenuesLessExpensesAmt0125589
IRS990/PYSalariesCompEmpBnftPaidAmt0103890
IRS990/PYTotalExpensesAmt0147721
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0273310
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-111005
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt044756
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0280634
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0172897
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,349,225
Liabilities
$0
Net assets
$4,349,225
Revenue
$162,795
Expenses
$273,800
Net income
-$111,005
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$0.00$4.66$0.32$0.28$0.04
2023Detailed filing. Detailed filing data is available for this year.$4.52$0.00$4.52$0.30$0.30$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.35$0.00$4.35$0.16$0.27$0.11
2021Detailed filing. Detailed filing data is available for this year.$5.09$0.00$5.09$0.27$0.15$0.13
2020Detailed filing. Detailed filing data is available for this year.$4.68$0.00$4.68$0.15$0.20$0.06
2019Detailed filing. Detailed filing data is available for this year.$4.39$0.00$4.39$0.39$0.23$0.16