Civic Intelligence

The Sealy & Smith Foundation

990 • Fiscal year 2019 • EIN 74-1109652

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 21, 2020

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

15th percentile

0.09x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.88x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Net Margin

97th percentile

73%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Top Officer Pay

3rd percentile

$309,887

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Asset Growth

84th percentile

17%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

38%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Flat

$1,377,577,374

Flat from 2019

Net Assets

Flat

$1,259,164,198

Flat from 2019

Liabilities

Flat

$118,413,176

Flat from 2019

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin97th percentile

Revenue

Flat

$134,416,284

Flat from 2019

Expenses

Flat

$35,941,910

Flat from 2019

Net Income

Flat

$98,474,374

Flat from 2019

Historical Trend

Balance Sheet Trend

Asset Growth84th 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 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

2019

Assets$1,377,577,374
Liabilities$118,413,176
Net Assets$1,259,164,198
Open 2019 Filing

Operations Trend

Revenue Growth93rd 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 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

2019

Revenue$134,416,284
Expenses$35,941,910
Net Income$98,474,374
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 21, 2020
Return Version
2019v5.0
Gross Receipts
$228,372,702
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$917,464,942$1,065,951,749▲ $148,486,807
Investments Other Securities$160,995,719$190,392,761▲ $29,397,042
Savings and Temporary Cash Investments$39,463,527$74,044,740▲ $34,581,213
Land, Buildings, and Equipment, Net$4,616,148$4,588,351▼ $27,797
Accounts Receivable$1,297,454$915,219▼ $382,235
Prepaid Expenses and Deferred Charges$52,782$56,767▲ $3,985
Cash and Non-Interest-Bearing Accounts$50,250$50,250→ $0
Total Assets$1,172,758,493$1,377,577,374▲ $204,818,881
Other Assets Total$48,817,671$41,577,537▼ $7,240,134
Liabilities
Grants Payable$120,935,744$117,035,890▼ $3,899,854
Other Liabilities$1,098,162$1,081,648▼ $16,514
Accounts Payable and Accrued Expenses$262,161$191,764▼ $70,397
Deferred Revenue$91,488$103,874▲ $12,386
Total Liabilities$122,387,555$118,413,176▼ $3,974,379
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,050,370,938$1,259,164,198▲ $208,793,260
Total Net Assets Fund Balance$1,050,370,938$1,259,164,198▲ $208,793,260
Total Liabilities and Net Assets / Fund Balance$1,172,758,493$1,377,577,374▲ $204,818,881

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,758$607,229$642,987
Land$4,552,593--
Other Securities$69,249--
Compensation and Service Providers
Top Officer Pay3rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas G RogersExec Dir/ SeFT$265,802$44,085$309,887
Douglas G RogersExec Dir/ Sec/treas-$265,802$44,085$309,887
James S JobeAsst Sec/treFT$147,707$23,758$171,465
James S JobeAsst Sec/treasurer-$147,707$23,758$171,465
E J PedersonDirectorPT$54,000-$54,000
George SealyExec Vice-prPT$54,000-$54,000
J Fellman SeinsheimerVice-pres/diPT$54,000-$54,000
James B GalbraithDirectorPT$54,000-$54,000
John EckelDirectorPT$54,000-$54,000
John W KelsoPresident/diPT$54,000-$54,000
Michael C DohertyDirectorPT$54,000-$54,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Silchester International InvestorsInvest Managers780 THIRD AVENUE 42ND FLOOR, New York, NY 10017$648,125
Cambridge Associates LLCInvest Managers125 HIGH STREET, Boston, MA 02110$400,790
Focused Investors LLCInvest Managers1999 AVENUE OF THE STARS STE 3320, Los Angeles, CA 90067$362,516
Edgbaston Asian Equity TrustInvest ManagersPO BOX 4766, Chicago, IL 60680-4766$285,735
Colchester Global Investors INCInvest Managers885 THIRD AVENUE 24TH FLOOR, New York, NY 10022$262,754
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$104,154,434
Other Revenue
$30,261,850
Change in Net Assets
$98,474,374

Audited Revenue Reconciliation

Revenue per Audited Statements
$131,851,573
Revenue Not Reported on Financial Statements
$2,564,711
Revenue Not Reported on Form 990
$110,318,886
Total Revenue per Audited Statements
$242,170,459
Total Revenue per Form 990
$134,416,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$31,263,983
Other Expenses$3,512,494
Salaries, Compensation, and Employee Benefits$1,165,433
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$31,263,983--$31,263,983
Fees for Service Investment Mgmnt Fees-$2,564,711-$2,564,711
Current Officers, Directors, Trustees, and Key Employees-$797,850-$797,850
Other Salaries and Wages-$207,315-$207,315
Occupancy-$85,560-$85,560
Fees for Services Accounting-$66,450-$66,450
Pension Plan Contributions-$62,455-$62,455
Other Employee Benefits-$60,712-$60,712
Insurance-$54,577-$54,577
Payroll Taxes-$37,101-$37,101
Office Expenses-$36,290-$36,290
Depreciation Depletion-$27,797-$27,797
Fees for Services Legal-$23,689-$23,689
Fees for Services Other-$17,458-$17,458
All Other Expenses-$12,550-$12,550
Other Expenses-$9,485-$9,485
Conferences and Meetings-$1,200-$1,200
Travel-$1,148-$1,148
Total Functional Expenses$31,263,983$4,677,927$0$35,941,910

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$35,941,910
Expenses per Audited Statements$33,377,199
Total Expenses per Audited Statements$33,377,199
Expenses Not Reported on Financial Statements$2,564,711
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
John Sealy HospitalutmbGalveston, TX-See Attached Detail$29,786,891
The University of Texas Medical BraGalveston, TX-Primary Care Pavilio$571,462
The University of Texas Medical BraGalveston, TX-Utmb Human Resources$300,983
The University of Texas Medical BraGalveston, TX-Utmb Ophthalmology C$223,639
The University of Texas Medical BraGalveston, TX-R. Waverley Smith Pa$147,128
The University of Texas Medical BraGalveston, TX-Utmb Parking Lot & G$127,039
The University of Texas Medical BraGalveston, TX-Other Real Estate Ut$66,146
The University of Texas Medical BraGalveston, TX-West Clinic Property$40,695
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.$1,081,648
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
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
2020-08-21
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
8

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 687 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. 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 943 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 2019, 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. THIS PHYSICIAN COMPLETED APPROXIMATELY 1530 CLINIC VISITS DURING THE YEAR. SINCE IMPLEMENTATION, THE PATIENT ACCESS INITIATIVE HAS REDUCED NEW PATIENT WAIT TIMES FOR A GENERAL INTERNAL MEDICINE PHYSICIAN FROM 16 DAYS TO 8 DAYS, WITH 70% OF THE NEW PATIENTS BEING SEEN WITHIN 7 DAYS OF SCHEDULING. UTMB HAS IDENTIFIED A SECOND CANDIDATE FOR THIS PROGRAM AND ANTICIPATES HIRING THE DOCTOR IN THE FIRST QUARTER OF 2020. THE ORGANIZATION AND UTMB MET TO REVIEW AND DISCUSS EXPANDING THE SCHOOL BASED TEEN HEALTH CLINIC PROGRAM. A THREE YEAR GRANT OF 367,000 HAS BEEN APPROVED FOR A NEW CLINIC ON THE MOODY EARLY CHILDHOOD CENTER'S CAMPUS, LOCATED ON GALVESTON ISLAND. ALSO, IN ADDITION TO THE NEW CLINIC AT MOODY EARLY CHILDHOOD CENTER THE ORGANIZATION AND UTMB REALIZED A NEED FOR A UNIFORM ELECTRONIC MEDICAL RECORDS SYSTEM AT THE CLINICS. IT WAS ALSO DETERMINED THAT EQUIPMENT UPGRADES WERE NEEDED AT ALL THE TEEN HEALTH CLINICS, INCLUDING THE UTMB CLINIC AT ST. VINCENT'S HOUSE, WHICH PROMPTED A GRANT BY THE ORGANIZATION FOR 1,450,000. ALSO IN 2019, IT WAS DETERMINED THAT THE REMODELING OF JOHN SEALY HOSPITAL COULD BE EXPANDED TO INCLUDE ADDITIONAL PROGRAMS THAT WOULD PROVIDE PATIENT REHABILITATION SERVICES, A PATIENT BEHAVIORAL HEALTH UNIT AND A PATIENT SLEEP LAB & E.E.G. PROGRAM FACILITY. THE ORGANIZATION GRANTED 25,000,000 FOR A PHASE III OF THE JOHN SEALY HOSPITAL REMODEL PROJECT.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,377,577,374
Liabilities
$118,413,176
Net assets
$1,259,164,198
Revenue
$134,416,284
Expenses
$35,941,910
Net income
$98,474,374
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
2019Detailed filing. Detailed filing data is available for this year.$1,378$118$1,259$134$35.9$98.5
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
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