Civic Intelligence

The Sealy & Smith Foundation

990 • Fiscal year 2018 • EIN 74-1109652

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 22, 2019

Organization ProfileSEALY-SMITH-FOUNDATION.ORG

View Organization Page

Refreshing map…

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

17th percentile

0.10x

Higher debt load relative to assets than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Liabilities / Revenue

77th percentile

1.25x

Higher debt load relative to revenue than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Top Officer Pay

4th percentile

$296,942

Higher top officer pay than 4% of similar nonprofits.

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

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Asset Growth

5th percentile

-9.2%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Revenue Growth

56th percentile

7.7%

Faster revenue growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,172,758,493

Down $119,198,751 (-9.2%) from 2017

Net Assets

Down

$1,050,370,938

Down $82,450,119 (-7.3%) from 2017

Liabilities

Down

$122,387,555

Down $36,748,632 (-23%) from 2017

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin97th percentile

Revenue

Up

$97,546,927

Up $6,967,610 (+7.7%) from 2017

Expenses

Down

$12,798,573

Down $12,437,945 (-49%) from 2017

Net Income

Up

$84,748,354

Up $19,405,555 (+30%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth5th 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

2018

Assets$1,172,758,493
Liabilities$122,387,555
Net Assets$1,050,370,938
Open 2018 Filing

Operations Trend

Revenue Growth56th 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

2018

Revenue$97,546,927
Expenses$12,798,573
Net Income$84,748,354
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 22, 2019
Return Version
2018v3.1
Gross Receipts
$213,454,091
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$1,110,342,135$917,464,942▼ $192,877,193
Investments Other Securities$80,480,470$160,995,719▲ $80,515,249
Savings and Temporary Cash Investments$47,989,123$39,463,527▼ $8,525,596
Land, Buildings, and Equipment, Net$4,644,405$4,616,148▼ $28,257
Accounts Receivable$1,129,473$1,297,454▲ $167,981
Prepaid Expenses and Deferred Charges$53,726$52,782▼ $944
Cash and Non-Interest-Bearing Accounts$50,250$50,250→ $0
Total Assets$1,291,957,244$1,172,758,493▼ $119,198,751
Other Assets Total$47,267,662$48,817,671▲ $1,550,009
Liabilities
Grants Payable$157,511,168$120,935,744▼ $36,575,424
Other Liabilities$841,764$1,098,162▲ $256,398
Accounts Payable and Accrued Expenses$697,939$262,161▼ $435,778
Deferred Revenue$85,316$91,488▲ $6,172
Total Liabilities$159,136,187$122,387,555▼ $36,748,632
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,132,793,143$1,028,591,759▼ $104,201,384
Temporarily Rstr Net Assets$27,914$21,779,179▲ $21,751,265
Total Net Assets Fund Balance$1,132,821,057$1,050,370,938▼ $82,450,119
Total Liabilities and Net Assets / Fund Balance$1,291,957,244$1,172,758,493▼ $119,198,751

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$63,555$579,432$642,987
Land$4,552,593--
Other Securities$68,268--
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas G RogersExec Dir/ SeFT$256,561$40,381$296,942
Douglas G RogersExec Dir/ Sec/treas-$256,561$40,381$296,942
James S JobeAsst Sec/treFT$143,056$21,758$164,814
James S JobeAsst Sec/treasurer-$143,056$21,758$164,814
E J PedersonDirectorPT$48,000-$48,000
J Fellman SeinsheimerVice-pres/diPT$48,000-$48,000
James B GalbraithDirectorPT$48,000-$48,000
John W KelsoPresident/diPT$48,000-$48,000
Michael C DohertyDirectorPT$48,000-$48,000
John EckelDirectorPT$44,000-$44,000
George SealyExec Vice-prPT$40,000-$40,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Silchester International InvestorsInvest Managers780 THIRD AVENUE 42ND FLOOR, New York, NY 10017$719,175
Cambridge Associates LLCInvest Managers125 HIGH STREET, Boston, MA 02110$352,216
Lone Juniper LPInvest ManagersTWO GREENWICH PLAZA SECOND FLOOR, Greenwich, CT 06830$329,590
Focused Investors LLCInvest Managers1999 AVENUE OF THE STARS STE 3320, Los Angeles, CA 90067$314,362
Colchester Global Investors INCInvest Managers885 THIRD AVENUE 24TH FLOOR, New York, NY 10022$254,372
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$71,042,875
Other Revenue
$26,504,052
Change in Net Assets
$84,748,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$94,722,879
Revenue Not Reported on Financial Statements
$2,824,048
Revenue Not Reported on Form 990
$-167,198,473
Total Revenue per Audited Statements
$-72,475,594
Total Revenue per Form 990
$97,546,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,292,764
Other Expenses$3,377,828
Salaries, Compensation, and Employee Benefits$1,127,981
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,292,764--$8,292,764
Fees for Service Investment Mgmnt Fees-$2,824,048-$2,824,048
Current Officers, Directors, Trustees, and Key Employees-$728,250-$728,250
Other Salaries and Wages-$225,986-$225,986
Occupancy-$85,560-$85,560
Other Employee Benefits-$71,001-$71,001
Pension Plan Contributions-$64,525-$64,525
Fees for Services Accounting-$64,015-$64,015
Fees for Services Legal-$45,005-$45,005
Insurance-$44,235-$44,235
Fees for Services Other-$43,047-$43,047
Payroll Taxes-$38,219-$38,219
Office Expenses-$37,545-$37,545
Depreciation Depletion-$28,258-$28,258
Conferences and Meetings-$9,412-$9,412
Other Expenses-$8,445-$8,445
All Other Expenses-$2,820-$2,820
Total Functional Expenses$8,292,764$4,505,809$0$12,798,573

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,798,573
Expenses per Audited Statements$9,974,525
Total Expenses per Audited Statements$9,974,525
Expenses Not Reported on Financial Statements$2,824,048
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
John Sealy HospitalutmbGalveston, TX-See Attached Detail$6,646,005
The University of Texas Medical BraGalveston, TX-Primary Care Pavilio$593,443
The University of Texas Medical BraGalveston, TX-Utmb Ophthalmology C$372,434
The University of Texas Medical BraGalveston, TX-Utmb Human Resources$324,737
The University of Texas Medical BraGalveston, TX-R. Waverley Smith Pa$143,754
The University of Texas Medical BraGalveston, TX-Utmb Parking Lot & G$109,571
The University of Texas Medical BraGalveston, TX-Other Real Estate Ut$61,635
The University of Texas Medical BraGalveston, TX-West Clinic Property$41,185
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.$1,098,162
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
2019-08-22
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 Llp
Address
2200 MARKET ST STE 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 681 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0697939
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0262161
IRS990/AccountsReceivableGrp/BOYAmt01129473
IRS990/AccountsReceivableGrp/EOYAmt01297454
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SUPPORT OF THE JOHN SEALY HOSPITAL / UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON (UTMB).
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02820
IRS990/AllOtherExpensesGrp/TotalAmt02820
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0DOUGLAS G ROGERS
IRS990/BooksInCareOfDetail/PhoneNum04097628666
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02200 MARKET STREET SUITE 500
IRS990/BooksInCareOfDetail/USAddress/CityNm0GALVESTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077550
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt050250
IRS990/CashNonInterestBearingGrp/EOYAmt050250
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt09
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0728250
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0728250
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt09412
IRS990/ConferencesMeetingsGrp/TotalAmt09412
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/CompensationAmt0719175
IRS990/ContractorCompensationGrp/CompensationAmt1352216
IRS990/ContractorCompensationGrp/CompensationAmt2329590
IRS990/ContractorCompensationGrp/CompensationAmt3314362
IRS990/ContractorCompensationGrp/CompensationAmt4254372
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0780 THIRD AVENUE 42ND FLOOR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1125 HIGH STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2TWO GREENWICH PLAZA SECOND FLOOR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt31999 AVENUE OF THE STARS STE 3320
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4885 THIRD AVENUE 24TH FLOOR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1BOSTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2GREENWICH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3LOS ANGELES
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd010017
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd102110
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd206830
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd390067
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd410022
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SILCHESTER INTERNATIONAL INVESTORS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1CAMBRIDGE ASSOCIATES LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2LONE JUNIPER LP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3FOCUSED INVESTORS LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4COLCHESTER GLOBAL INVESTORS INC
IRS990/ContractorCompensationGrp/ServicesDesc0INVEST MANAGERS
IRS990/ContractorCompensationGrp/ServicesDesc1INVEST MANAGERS
IRS990/ContractorCompensationGrp/ServicesDesc2INVEST MANAGERS
IRS990/ContractorCompensationGrp/ServicesDesc3INVEST MANAGERS
IRS990/ContractorCompensationGrp/ServicesDesc4INVEST MANAGERS
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt08292764
IRS990/CYInvestmentIncomeAmt071042875
IRS990/CYOtherExpensesAmt03377828
IRS990/CYOtherRevenueAmt026504052
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt084748354
IRS990/CYSalariesCompEmpBnftPaidAmt01127981
IRS990/CYTotalExpensesAmt012798573
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt097546927
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt085316
IRS990/DeferredRevenueGrp/EOYAmt091488
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt028258
IRS990/DepreciationDepletionGrp/TotalAmt028258
IRS990/Desc0EXPENDITURES TO SUPPORT THE JOHN SEALY HOSPITAL / UTMB - GALVESTON. SEE SCHEDULE I.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt08292764
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt064015
IRS990/FeesForServicesAccountingGrp/TotalAmt064015
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt045005
IRS990/FeesForServicesLegalGrp/TotalAmt045005
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt043047
IRS990/FeesForServicesOtherGrp/TotalAmt043047
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt02824048
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt02824048
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt745.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt845.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt740381
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt821758
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN W KELSO
IRS990/Form990PartVIISectionAGrp/PersonNm1GEORGE SEALY
IRS990/Form990PartVIISectionAGrp/PersonNm2J FELLMAN SEINSHEIMER
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN ECKEL
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL C DOHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES B GALBRAITH
IRS990/Form990PartVIISectionAGrp/PersonNm6E J PEDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7DOUGLAS G ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES S JOBE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt048000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt248000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt344000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt448000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt548000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt648000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7256561
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8143056
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXEC VICE-PR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-PRES/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXEC DIR/ SE
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASST SEC/TRE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01922
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt044028740
IRS990/GainOrLossGrp/SecuritiesAmt02895687
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt08292764
IRS990/GrantsPayableGrp/BOYAmt0157511168
IRS990/GrantsPayableGrp/EOYAmt0120935744
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt08292764
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08292764
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt044028740
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0118771840
IRS990/GrossReceiptsAmt0213454091
IRS990/GrossRentsGrp/RealAmt0597734
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt044235
IRS990/InsuranceGrp/TotalAmt044235
IRS990/InvestmentIncomeGrp/ExclusionAmt024118448
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024118448
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt080480470
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0160995719
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01110342135
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0917464942
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0579432
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04644405
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04616148
IRS990/LandBldgEquipCostOrOtherBssAmt05195580
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0115876153
IRS990/LessRentalExpensesGrp/RealAmt031011
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt02648171
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt02648171
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01132821057
IRS990/NetAssetsOrFundBalancesEOYAmt01050370938
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt046924427
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt046924427
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0566723
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0566723
IRS990/NetUnrelatedBusTxblIncmAmt08720
IRS990/NetUnrlzdGainsLossesInvstAmt0-167198473
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt085560
IRS990/OccupancyGrp/TotalAmt085560
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt037545
IRS990/OfficeExpensesGrp/TotalAmt037545
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt047267662
IRS990/OtherAssetsTotalGrp/EOYAmt048817671
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt071001
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071001
IRS990/OtherExpensesGrp/Desc0PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc1CUST FEES & BANK CHARGES
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3INVESTMENT EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0145666
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126172
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt213600
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38445
IRS990/OtherExpensesGrp/TotalAmt0145666
IRS990/OtherExpensesGrp/TotalAmt126172
IRS990/OtherExpensesGrp/TotalAmt213600
IRS990/OtherExpensesGrp/TotalAmt38445
IRS990/OtherLiabilitiesGrp/BOYAmt0841764
IRS990/OtherLiabilitiesGrp/EOYAmt01098162
IRS990/OtherRevenueMiscGrp/Desc0SALES OF EASEMENTS AND ROW
IRS990/OtherRevenueMiscGrp/Desc1OIL LEASE BONUSES
IRS990/OtherRevenueMiscGrp/Desc2HARBOR PROPERTIES
IRS990/OtherRevenueMiscGrp/ExclusionAmt04785091
IRS990/OtherRevenueMiscGrp/ExclusionAmt12080000
IRS990/OtherRevenueMiscGrp/ExclusionAmt2974165
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04785091
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12080000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2974165
IRS990/OtherRevenueTotalAmt010487427
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0225986
IRS990/OtherSalariesAndWagesGrp/TotalAmt0225986
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038219
IRS990/PayrollTaxesGrp/TotalAmt038219
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt064525
IRS990/PensionPlanContributionsGrp/TotalAmt064525
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01132793143
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01028591759
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt053726
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052782
IRS990/PrincipalOfficerNm0DOUGLAS G ROGERS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt020278722
IRS990/PYInvestmentIncomeAmt064290858
IRS990/PYOtherExpensesAmt03866619
IRS990/PYOtherRevenueAmt026288459
IRS990/PYRevenuesLessExpensesAmt065342799
IRS990/PYSalariesCompEmpBnftPaidAmt01091177
IRS990/PYTotalExpensesAmt025236518
IRS990/PYTotalRevenueAmt090579317
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt084748354
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/RealAmt0566723
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt015449902
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt015449902
IRS990/SavingsAndTempCashInvstGrp/BOYAmt047989123
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039463527
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
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. IN FACT, THE ORGANIZATION'S ASSISTANT SECRETARY AND SECOND IN COMMAND SPENDS A SIGNIFICANT AMOUNT OF TIME EACH MONTH WORKING DIRECTLY ON UTMB MATTERS. 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, IMPLEMENTING NEW PROGRAMS, 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 ALMOST 100 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 910 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 (WINDOWS, ROOFS, ETC.) / 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. DURING 2018, THE LEADERSHIP OF THE ORGANIZATION AND UTMB MET FOR THEIR ANNUAL RETREAT TO DISCUSS PROGRAMS AND UTMB'S FACILITIES FOR THE NEAR FUTURE. THE ORGANIZATION'S LEADERS AND UTMB'S LEADERSHIP CONTINUED TO COLLABORATE ON THE IMPLEMENTATION OF THE "PATIENT ACCESS INITIATIVE". ONE OF THE TWO INTERNAL MEDICINE PHYSICIANS HAS BEEN HIRED AND EARLY RESULTS ARE POSITIVE. THE ORGANIZATION AND UTMB MEET TO REVIEW AND DISCUSS THE SCHOOL BASED TEEN HEALTH CLINIC PROGRAM. A THREE YEAR GRANT OF 3,281,857 HAS BEEN APPROVED FOR THE CONTINUATION OF THIS PROGRAM'S CLINICS ON GALVESTON ISLAND. ALSO, KNOWING THAT THE MEDICAL SCHOOL IS SUCH AN IMPORTANT COMPONENT OF UTMB'S MISSION, THE ORGANIZATION'S LEADERS APPROVED A 500,000 UNSOLICITED GRANT TOWARD THE CONSTRUCTION OF THE NEW HEALTH EDUCATION CENTER BUILDING THAT IS CURRENTLY UNDERWAY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 1C
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0746000949
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt08292764
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0JOHN SEALY HOSPITALUTMB GALVESTON
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt08292764
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt0162182
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt0250000
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt0250000
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt0250000
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0912182
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0648726
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt01000000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt01000000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt01000000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt03648726
IRS990ScheduleC/GrassrootsCeilingAmt01368273
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt0162182
IRS990ScheduleC/LobbyingCeilingAmt05473089
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0648726
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt09974525
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt09974525
IRS990ScheduleD/BuildingsGrp/BookValueAmt063555
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0579432
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0642987
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02824048
IRS990ScheduleD/ExpensesSubtotalAmt09974525
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02824048
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02824048
IRS990ScheduleD/LandGrp/BookValueAmt04552593
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04552593
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-167198473
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01098162
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MAGNOLIA HOLDING CO.
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0160927451
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt168268

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,172,758,493
Liabilities
$122,387,555
Net assets
$1,050,370,938
Revenue
$97,546,927
Expenses
$12,798,573
Net income
$84,748,354
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
2018Detailed filing. Detailed filing data is available for this year.$1,173$122$1,050$97.5$12.8$84.7
2017Summary only. Only limited summary 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