Civic Intelligence

The Sealy & Smith Foundation

990 • Fiscal year 2017 • EIN 74-1109652

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 17, 2018

Organization ProfileSEALY-SMITH-FOUNDATION.ORG

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2200 Market Street Suite 500Galveston, TX 77550

(409) 762-8666

Siviq Scores

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

Liabilities / Assets

19th percentile

0.12x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

1.76x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Net Margin

97th percentile

72%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Top Officer Pay

4th percentile

$279,939

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Asset Growth

82nd percentile

15%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

106%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,291,957,244

Up $169,765,663 (+15%) from 2016

Net Assets

Up

$1,132,821,057

Up $185,590,788 (+20%) from 2016

Liabilities

Down

$159,136,187

Down $15,825,125 (-9.0%) from 2016

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin97th percentile

Revenue

Up

$90,579,317

Up $46,680,738 (+106%) from 2016

Expenses

Up

$25,236,518

Up $7,557,175 (+43%) from 2016

Net Income

Up

$65,342,799

Up $39,123,563 (+149%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$3.0B$2.0B$1.0B$0Assets 2011: $824,106,103Liabilities 2011: $155,795,808Net Assets 2011: $668,310,2952011Assets 2012: $904,047,795Liabilities 2012: $147,671,632Net Assets 2012: $756,376,1632012Assets 2013: $1,065,183,737Liabilities 2013: $139,551,386Net Assets 2013: $925,632,3512013Assets 2014: $1,106,811,568Liabilities 2014: $130,768,242Net Assets 2014: $976,043,3262014Assets 2015: $1,063,421,424Liabilities 2015: $184,022,014Net Assets 2015: $879,399,4102015Assets 2016: $1,122,191,581Liabilities 2016: $174,961,312Net Assets 2016: $947,230,2692016Assets 2017: $1,291,957,244Liabilities 2017: $159,136,187Net Assets 2017: $1,132,821,0572017Assets 2018: $1,172,758,493Liabilities 2018: $122,387,555Net Assets 2018: $1,050,370,9382018Assets 2019: $1,377,577,374Liabilities 2019: $118,413,176Net Assets 2019: $1,259,164,1982019Assets 2020: $1,512,427,384Liabilities 2020: $116,512,154Net Assets 2020: $1,395,915,2302020Assets 2021: $1,823,742,664Liabilities 2021: $144,680,456Net Assets 2021: $1,679,062,2082021Assets 2022: $1,674,903,989Liabilities 2022: $121,266,998Net Assets 2022: $1,553,636,9912022Assets 2023: $2,037,694,463Liabilities 2023: $98,970,475Net Assets 2023: $1,938,723,9882023Assets 2024: $2,305,818,243Liabilities 2024: $106,851,478Net Assets 2024: $2,198,966,7652024

Highlighted filing

2017

Assets$1,291,957,244
Liabilities$159,136,187
Net Assets$1,132,821,057
Open 2017 Filing

Operations Trend

Revenue Growth96th percentile

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

$200M$100M$0-$100MRevenue 2011: $56,946,919Expenses 2011: $128,633,008Net Income 2011: -$71,686,0892011Revenue 2012: $50,718,202Expenses 2012: $13,597,681Net Income 2012: $37,120,5212012Revenue 2013: $65,874,233Expenses 2013: $13,146,160Net Income 2013: $52,728,0732013Revenue 2014: $99,968,356Expenses 2014: $13,276,521Net Income 2014: $86,691,8352014Revenue 2015: $61,034,494Expenses 2015: $84,915,296Net Income 2015: -$23,880,8022015Revenue 2016: $43,898,579Expenses 2016: $17,679,343Net Income 2016: $26,219,2362016Revenue 2017: $90,579,317Expenses 2017: $25,236,518Net Income 2017: $65,342,7992017Revenue 2018: $97,546,927Expenses 2018: $12,798,573Net Income 2018: $84,748,3542018Revenue 2019: $134,416,284Expenses 2019: $35,941,910Net Income 2019: $98,474,3742019Revenue 2020: $86,559,144Expenses 2020: $23,013,090Net Income 2020: $63,546,0542020Revenue 2021: $193,760,950Expenses 2021: $59,944,232Net Income 2021: $133,816,7182021Revenue 2022: $158,734,221Expenses 2022: $31,756,764Net Income 2022: $126,977,4572022Revenue 2023: $130,847,488Expenses 2023: $30,063,602Net Income 2023: $100,783,8862023Revenue 2024: $135,743,625Expenses 2024: $57,722,709Net Income 2024: $78,020,9162024

Highlighted filing

2017

Revenue$90,579,317
Expenses$25,236,518
Net Income$65,342,799
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 17, 2018
Return Version
2017v2.3
Gross Receipts
$141,992,660
Mission and Program Overview

Mission

To provide for the construction,remodeling,equipping,and furnishing of the john sealy hospital and other hospital building or buildings in the city of galveston, tx, in connection with the john sealy hospital, and to provide for healthcare of citizens of galveston therein.

Support of the john sealy hospital / university of texas medical branch at galveston (utmb).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$942,472,239$1,110,342,135▲ $167,869,896
Investments Other Securities$75,730,906$80,480,470▲ $4,749,564
Savings and Temporary Cash Investments$49,330,775$47,989,123▼ $1,341,652
Land, Buildings, and Equipment, Net$4,673,841$4,644,405▼ $29,436
Accounts Receivable$631,838$1,129,473▲ $497,635
Prepaid Expenses and Deferred Charges$49,620$53,726▲ $4,106
Cash and Non-Interest-Bearing Accounts$50,250$50,250→ $0
Total Assets$1,122,191,581$1,291,957,244▲ $169,765,663
Other Assets Total$49,252,112$47,267,662▼ $1,984,450
Liabilities
Grants Payable$173,870,469$157,511,168▼ $16,359,301
Other Liabilities$539,256$841,764▲ $302,508
Accounts Payable and Accrued Expenses$517,659$697,939▲ $180,280
Deferred Revenue$33,928$85,316▲ $51,388
Total Liabilities$174,961,312$159,136,187▼ $15,825,125
Net Assets / Fund Balance
Permanently Rstr Net Assets$965,677,473$1,132,793,143▲ $167,115,670
Temporarily Rstr Net Assets$-18,447,204$27,914▲ $18,475,118
Total Net Assets Fund Balance$947,230,269$1,132,821,057▲ $185,590,788
Total Liabilities and Net Assets / Fund Balance$1,122,191,581$1,291,957,244▲ $169,765,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$91,812$558,577$650,389
Land$4,552,593--
Other Securities$71,850--
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas G RogersExec Dir/ SeFT$242,082$37,857$279,939
Douglas G RogersExec Dir/ Sec/treas-$242,082$37,857$279,939
James S JobeAsst Sec/treFT$136,354$19,714$156,068
James S JobeAsst Sec/treasurer-$136,354$19,714$156,068
E J PedersonDirectorPT$48,000-$48,000
J Fellman SeinsheimerVice-pres/diPT$48,000-$48,000
James B GalbraithDirectorPT$48,000-$48,000
John EckelDirectorPT$48,000-$48,000
John W KelsoPresident/diPT$48,000-$48,000
Michael C DohertyDirectorPT$48,000-$48,000
George SealyExec Vice-prPT$36,000-$36,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Silchester International InvestorsInvest Managers780 THIRD AVENUE 42ND FLOOR, New York, NY 10017$703,276
Cambridge Associates LLCInvest ManagersPO BOX 83232, Chicago, IL 60691-0232$416,597
Lone Juniper LPInvest ManagersTWO GREENWICH PLAZA SECOND FLOOR, Greenwich, CT 06830$321,365
Eagle Capital Management LLCInvest Managers499 PARK AVENUE 17TH FLOOR, New York, NY 10022$294,683
Focused Investors LLCInvest Managers9777 WILSHIRE BLVD SUITE 910, Beverly Hills, CA 90212$282,986
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$64,290,858
Other Revenue
$26,288,459
Change in Net Assets
$65,342,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$90,579,317
Revenue Not Reported on Form 990
$120,247,989
Total Revenue per Audited Statements
$210,827,306
Total Revenue per Form 990
$90,579,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$20,278,722
Other Expenses$3,866,619
Salaries, Compensation, and Employee Benefits$1,091,177
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$20,278,722--$20,278,722
Fees for Service Investment Mgmnt Fees-$2,832,983-$2,832,983
Current Officers, Directors, Trustees, and Key Employees-$706,250-$706,250
Other Salaries and Wages-$216,172-$216,172
Fees for Services Other-$158,399-$158,399
Occupancy-$85,560-$85,560
Fees for Services Legal-$83,607-$83,607
Fees for Services Accounting-$73,095-$73,095
Other Employee Benefits-$69,198-$69,198
Pension Plan Contributions-$62,475-$62,475
Insurance-$46,810-$46,810
Payroll Taxes-$37,082-$37,082
Office Expenses-$32,725-$32,725
Depreciation Depletion-$29,435-$29,435
Other Expenses-$8,928-$8,928
All Other Expenses-$4,490-$4,490
Total Functional Expenses$20,278,722$4,957,796$0$25,236,518

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,236,518
Total Expenses per Audited Statements$25,236,518
Total Expenses per Form 990$25,236,518
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
John Sealy HospitalutmbGalveston, TX-See Attached Detail$20,278,722
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Magnolia Holding Co.$841,764
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“A copy of the foundation's form 990 is furnished to the board of directors for review prior to being filed.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is reviewed annually during the january board of directors meeting and a written acknowledgement is completed by each director.”

Form 990, Page 6, Part VI, Line 15A

“Annually the organization's independent compensation committee reviews the compensation of the executive director. The committee uses comparable data from various nonprofit publications, including the council on foundations salary and benefit report, which provides compensation data. It also uses other nonprofits' forms 990. The executive director does not participate in the conversations and discussions about his own compensation. Detailed minutes of the compensation committee's meetings are maintained by the organization.”

Form 990, Page 6, Part VI, Line 15B

“Annually the organization's independent compensation committee reviews the compensation of the officers. The committee uses comparable data from various nonprofit publications, including the council on foundations salary and benefit report, which provides compensation data. It also uses other nonprofits' forms 990. Officers do not participate in the conversations and discussions about their own compensation. Detailed minutes of the compensation committee's meetings are maintained by the organization.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and audit report available to its supported organization, the john sealy hospital and the university of texas medical branch (utmb). Upon reasonable written request, the organization makes its governing documents conflict of interest policy, and financial statements available to the general public.”

Filing and Contact Details

Filer

Filer Name
The Sealy & Smith Foundation
EIN
74-1109652
Phone
4097628666
Address
2200 MARKET STREET SUITE 500, GALVESTON, TX 77550

Signing Officer

Name
Douglas G Rogers
Title
Exec Dir/ Sec/treas
Phone
4097628666
Signed
2018-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas G Rogers
Formed
1922
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
7

Preparer

Firm
Head Maxwell & Mckenna Pc
Address
2200 MARKET ST SUITE 401, GALVESTON, TX 77550
Preparer
John R Mckenna Jr
Phone
4097636479
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide for the construction, remodeling, equipping, and furnishing of the john sealy hospital and other hospital building or buildings in the city of galveston, tx, in connection with the john sealy hospital, and to provide for healthcare of citizens of galveston therein.”

Raw XML AppendixShowing 400 of 619 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.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0UTMB, THE SUPPORTED ORGANIZATION, IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS SINCE IT IS A GOVERNMENTAL UNIT DESCRIBED IN IRC 170(B)(1)(A)(V). HOWEVER, THE ORGANIZATION HAS A COPY OF A LETTER, DATED OCTOBER 9, 1997, FROM THE IRS ACTING DISTRICT DIRECTOR STATING THAT THE UNIVERSITY OF TEXAS SYSTEM AND ALL OF ITS COMPONENT INSTITUTIONS, INCLUDING THE UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON ("UTMB"), ARE DESCRIBED IN SECTIONS 170(B)(1)(A)(V) AND 170(C)(1) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1LEADERS FROM THE ORGANIZATION AND UTMB MEET ON A REGULAR BASIS TO DISCUSS UTMB'S ONGOING PROJECTS AND NEEDS. UTMB'S PRESIDENT REGULARLY ATTENDS THE ORGANIZATION'S BOARD OF DIRECTORS' MEETINGS, AS WELL AS MEETS MONTHLY WITH THE ORGANIZATION'S BOARD OF DIRECTORS' PRESIDENT. THE ORGANIZATION'S EXECUTIVE DIRECTOR MEETS OR SPEAKS WITH UTMB'S PRESIDENT OR OTHER EXECUTIVES AT LEAST MONTHLY IF NOT MORE OFTEN. FURTHER, MEMBERS OF THE ORGANIZATION'S STAFF FREQUENTLY MEET OR SPEAK WITH OTHER UTMB LEADERS AND/OR STAFF EACH WEEK ON A VARIETY OF MATTERS THAT ARE IMPORTANT TO UTMB, INCLUDING, BUT NOT LIMITED TO PATIENT ACCESS TO DOCTORS, THE PROPERTIES THAT THE ORGANIZATION MANAGES FOR UTMB AND THE GRANTS THAT THE ORGANIZATION MAKES TO UTMB. THE ORGANIZATION AND UTMB HAVE MAINTAINED A CLOSE AND CONTINUOUS WORKING RELATIONSHIP FOR OVER NINETY-FIVE (95) YEARS, WHICH ALLOWS THE ORGANIZATION TO BE RESPONSIVE TO UTMB'S NEEDS AND REQUESTS. PART IV, SECTION D, LINE 3 THE ORGANIZATION'S INVESTMENT DECISIONS ARE INFLUENCED BY THE GRANT REQUESTS IT RECEIVES FROM UTMB. UTMB, A GOVERNMENTAL ENTITY, IS THE ONLY CHARITABLE ORGANIZATION OR SUPPORTED ORGANIZATION TO WHICH THE ORGANIZATION MAKES GRANTS. MANY OF THE GRANTS THE ORGANIZATION MAKES TO UTMB ARE FOR LARGE CAPITAL EXPENDITURES. LEADERS OF UTMB MEET WITH THE ORGANIZATION THROUGHOUT THE YEAR TO DISCUSS THE NEED FOR GRANTS AND THEIR TIMING WHICH ALLOWS THE ORGANIZATION TO CHOOSE INVESTMENTS BASED ON UTMB'S GRANT NEEDS. ALTHOUGH UTMB DID NOT DRAFT THE ORGANIZATION'S INVESTMENT POLICY, IT DOES HAVE A SIGNIFICANT VOICE IN THE TIMING OF GRANTS, DICTATING THE GRANTS' PAYMENT SCHEDULES, AND SELECTING WHICH UTMB DEPARTMENTS WILL RECEIVE GRANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE ORGANIZATION IS A SUPPORTING ORGANIZATION TO UTMB, A GOVERNMENTAL ENTITY. THE ORGANIZATION WAS FORMED IN 1922 AND SINCE THAT TIME HAS MAINTAINED A CLOSE, CONTINUING AND HISTORIC RELATIONSHIP WITH UTMB. THE ORGANIZATION HAS CONTRIBUTED MORE THAN 900 MILLION TO SUPPORT MEDICAL EDUCATION AND THE DELIVERY OF HEALTHCARE AT UTMB, INCLUDING FUNDING FOR THE CONSTRUCTION OF UTMB'S HOSPITALS, ITS BIO-SAFETY LAB, STATE-OF-THE- ART MEDICAL EQUIPMENT, INCREASED CLINICAL STAFFING FOR PATIENTS AND A NEW HEART AND VASCULAR CENTER. THE ORGANIZATION IS ALSO THE LARGEST, SINGLE ENTITY CONTRIBUTOR TO A UNIVERSITY OF TEXAS SYSTEM INSTITUTION. THE ORGANIZATION, TOGETHER WITH UTMB, HAS PROVIDED THE VISION AND STRATEGIC DIRECTION THAT ALLOWS UTMB TO SERVE GALVESTON, THE STATE OF TEXAS AND THE NATION AS A PREMIER HEALTH INSTITUTION. THE ORGANIZATION AND UTMB'S LEADERS MEET ON A REGULAR BASIS TO DISCUSS UTMB'S ONGOING PROJECTS AND NEEDS, AS WELL AS PROVIDING COUNSEL DURING CONSTRUCTION OF MANY OF THE PROJECTS BUILT FOR UTMB. AS PREVIOUSLY STATED, THE ORGANIZATION'S BOARD MEETS AND CONSIDERS UTMB'S NEEDS WHEN MAKING INVESTMENT DECISIONS. THE ORGANIZATION ENGAGES IN MANY CHARITABLE ACTIVITIES ON BEHALF OF UTMB. FOR EXAMPLE, THE ORGANIZATION OWNS PROPERTY AND BUILDINGS THAT UTMB USES FOR ITS CHARITABLE AND EDUCATIONAL MISSION. THE ORGANIZATION OWNS, MAINTAINS AND MANAGES SEVERAL OF THESE PROPERTIES AND WORKS WITH UTMB TO ENSURE THAT THE UPKEEP OF THESE PROPERTIES MEETS UTMB'S EXPECTATIONS. FOR INSTANCE, THE ORGANIZATION PROVIDES THREE PATIENT CARE FACILITIES AT NO COST, INCLUDING INSURANCE COVERAGE AND MAINTENANCE FOR THE EXTERIOR ENVELOPE / GROUNDS OF THE PROPERTIES AND MAJOR COMPONENTS SUCH AS EXTERIOR CLIMATE CONTROL EQUIPMENT. THESE PROPERTIES INCLUDE THE PRIMARY CARE PAVILION, R. WAVERLEY SMITH PAVILION AND UTMB OPHTHALMOLOGY/OTOLARYNGOLOGY CENTER OF EXCELLENCE. THE ORGANIZATION ALSO PROVIDES, AT NO COST TO UTMB, FACILITIES ON CAMPUS FOR PARKING, INCLUDING A PARKING GARAGE AND PARKING LOT. THE UTMB HUMAN RESOURCES OFFICES, LOCATED IN A BUILDING OWNED BY THE ORGANIZATION, ARE ALSO MAINTAINED BY THE ORGANIZATION AT NO EXPENSE TO UTMB. MOREOVER, THE ORGANIZATION'S LEADERS AND STAFF CONTINUES TO MEET WITH UTMB'S PRESIDENT AND SENIOR STAFF TO DISCUSS INCREASED WAIT TIMES EXPERIENCED BY GALVESTON AREA RESIDENTS, AND THROUGH A COLLABORATIVE EFFORT WITH UTMB FOUNDED THE "PATIENT ACCESS INITIATIVE," WHICH ADDED TWO HIGH LEVEL INTERNAL MEDICINE PHYSICIANS TO UTMB'S CLINICAL STAFF, WHOSE SERVICES WERE EARMARKED SOLELY FOR PATIENT CARE. THE ORGANIZATION PROVIDED A GRANT OF 762,000 IN 2017 TO BE USED OVER THE NEXT THREE YEARS TO SUBSIDIZE THOSE SALARIES. UTMB WILL PROVIDE QUARTERLY REPORTS TO THE ORGANIZATION WHO WILL WORK ALONGSIDE UTMB TO EVALUATE THE IMPROVEMENT OF PATIENT WAIT TIMES AND IMPLEMENT ANY RECOMMENDATIONS FROM THOSE REPORTS. ALSO IN 2017, THE ORGANIZATION'S LEADERS AND STAFF MET WITH UTMB'S PRESIDENT AND SENIOR STAFF TO DISCUSS THE SCOPE OF AND HELP DEVELOP THE JENNIE SEALY HEART AND VASCULAR CENTER. THIS CENTER ENABLES UTMB TO DELIVER THE FULL BREADTH OF CATHETERIZATION, ELECTROPHYSIOLOGY AND NEUROINTERVENTIONAL PROCEDURES TO PATIENTS, AND TO HELP BOLSTER UTMB'S EFFORTS TO BECOME A DESIGNATED COMPREHENSIVE STROKE PROGRAM AND A CENTER OF EXCELLENCE FOR CARDIAC CARE. A GRANT OF 10,404,000 HAS BEEN APPROVED FOR THIS PROJECT. LATER IN 2017, THE ORGANIZATION'S LEADERS AND STAFF MET WITH UTMB'S PRESIDENT AND SENIOR STAFF TO DISCUSS THE SCOPE OF THE SEALY INSTITUTE FOR VACCINE SCIENCES AND HELP UTMB DEVELOP THE INSTITUTE. THE IMPORTANCE OF THE INSTITUTE CANNOT BE OVERSTATED. IT WILL BE ONE OF THREE IN THE UNITED STATES AND EIGHT IN THE WORLD. THIS INSTITUTE WILL FACILITATE THE ENTIRE LIFE CYCLE OF VACCINES FROM DISCOVERY THROUGH HUMAN STUDIES, AND TRAIN THE NEXT GENERATION OF VACCINOLOGISTS. THE INSTITUTE BEGAN WITH THE ESTABLISHMENT OF A DISTINGUISHED FACULTY CHAIR FOR VACCINOLOGY WITH A 2,000,000 ENDOWMENT. WORKING CLOSELY WITH UTMB THE ORGANIZATIO
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,291,957,244
Liabilities
$159,136,187
Net assets
$1,132,821,057
Revenue
$90,579,317
Expenses
$25,236,518
Net income
$65,342,799
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$2,306$107$2,199$136$57.7$78.0
2023Summary only. Only limited summary data is available for this year.$2,038$99.0$1,939$131$30.1$101
2022Summary only. Only limited summary data is available for this year.$1,675$121$1,554$159$31.8$127
2021Summary only. Only limited summary data is available for this year.$1,824$145$1,679$194$59.9$134
2020Summary only. Only limited summary data is available for this year.$1,512$117$1,396$86.6$23.0$63.5
2019Summary only. Only limited summary data is available for this year.$1,378$118$1,259$134$35.9$98.5
2018Summary only. Only limited summary data is available for this year.$1,173$122$1,050$97.5$12.8$84.7
2017Detailed filing. Detailed filing data is available for this year.$1,292$159$1,133$90.6$25.2$65.3
2016Summary only. Only limited summary data is available for this year.$1,122$175$947$43.9$17.7$26.2
2015Summary only. Only limited summary data is available for this year.$1,063$184$879$61.0$84.9$23.9
2014Summary only. Only limited summary data is available for this year.$1,107$131$976$100.0$13.3$86.7
2013Summary only. Only limited summary data is available for this year.$1,065$140$926$65.9$13.1$52.7
2012Summary only. Only limited summary data is available for this year.$904$148$756$50.7$13.6$37.1
2011Summary only. Only limited summary data is available for this year.$824$156$668$56.9$129$71.7
Peer Organizations

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