Civic Intelligence

Swmf Properties Inc.

990 • Fiscal year 2019 • EIN 75-2838956

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

Organization ProfileN/A
3889 Maple AveDallas, TX 75219

(214) 351-6143

Siviq Scores

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

Liabilities / Assets

26th percentile

0.04x

Higher debt load relative to assets than 26% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

0.16x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$541,580

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

35th percentile

0.3%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-11%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$17,172,037

Up $50,848 (+0.3%) from 2018

Net Assets

Up

$16,418,707

Up $1,512,282 (+10%) from 2018

Liabilities

Down

$753,330

Down $1,461,434 (-66%) from 2018

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin85th percentile

Revenue

Down

$4,779,287

Down $600,600 (-11%) from 2018

Expenses

Down

$3,267,005

Down $2,068,742 (-39%) from 2018

Net Income

Up

$1,512,282

Up $1,468,142 (+3326%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$40M$30M$20M$10M$0Assets 2010: $10,285,861Liabilities 2010: $50,000Net Assets 2010: $10,235,8612010Assets 2011: $12,428,764Liabilities 2011: $812,573Net Assets 2011: $11,616,1912011Assets 2012: $13,104,793Liabilities 2012: $729,699Net Assets 2012: $12,375,0942012Assets 2013: $23,941,472Liabilities 2013: $1,668,382Net Assets 2013: $22,273,0902013Assets 2014: $31,246,900Liabilities 2014: $2,301,979Net Assets 2014: $28,944,9212014Assets 2015: $22,885,772Liabilities 2015: $2,221,764Net Assets 2015: $20,664,0082015Assets 2016: $16,569,012Liabilities 2016: $1,928,896Net Assets 2016: $14,640,1162016Assets 2017: $14,745,147Liabilities 2017: $1,117,141Net Assets 2017: $13,628,0062017Assets 2018: $17,121,189Liabilities 2018: $2,214,764Net Assets 2018: $14,906,4252018Assets 2019: $17,172,037Liabilities 2019: $753,330Net Assets 2019: $16,418,7072019Assets 2020: $11,880,648Liabilities 2020: $584,374Net Assets 2020: $11,296,2742020Assets 2021: $12,303,844Liabilities 2021: $484,182Net Assets 2021: $11,819,6622021Assets 2022: $9,865,752Liabilities 2022: $354,840Net Assets 2022: $9,510,9122022Assets 2023: $6,368,531Liabilities 2023: $167,638Net Assets 2023: $6,200,8932023Assets 2024: $5,314,632Liabilities 2024: $102,058Net Assets 2024: $5,212,5742024

Highlighted filing

2019

Assets$17,172,037
Liabilities$753,330
Net Assets$16,418,707
Open 2019 Filing

Operations Trend

Revenue Growth19th percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $232,6332010Expenses 2011: $1,182,0622011Expenses 2012: $1,300,5452012Revenue 2013: $3,715,050Expenses 2013: $2,042,307Net Income 2013: $1,672,7432013Revenue 2014: $5,456,710Expenses 2014: $4,842,841Net Income 2014: $613,8692014Revenue 2015: $2,796,851Expenses 2015: $3,365,300Net Income 2015: -$568,4492015Revenue 2016: $2,183,274Expenses 2016: $2,939,398Net Income 2016: -$756,1242016Revenue 2017: $2,042,739Expenses 2017: $2,628,067Net Income 2017: -$585,3282017Revenue 2018: $5,379,887Expenses 2018: $5,335,747Net Income 2018: $44,1402018Revenue 2019: $4,779,287Expenses 2019: $3,267,005Net Income 2019: $1,512,2822019Revenue 2020: $2,068,524Expenses 2020: $7,190,956Net Income 2020: -$5,122,4322020Revenue 2021: $3,734,436Expenses 2021: $3,211,048Net Income 2021: $523,3882021Revenue 2022: $4,025,886Expenses 2022: $6,334,636Net Income 2022: -$2,308,7502022Revenue 2023: $3,148,586Expenses 2023: $6,458,605Net Income 2023: -$3,310,0192023Revenue 2024: $1,968,965Expenses 2024: $2,957,284Net Income 2024: -$988,3192024

Highlighted filing

2019

Revenue$4,779,287
Expenses$3,267,005
Net Income$1,512,282
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$4,780,133
Mission and Program Overview

Mission

Swmf properties, inc. Acquires, receives, holds, maintains and manages real and personal property donations for the benefit of the southwestern medical foundation. The organization's corporate property is used to support the charitable purposes of the southwestern medical foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,475,007$3,249,376▲ $1,774,369
Cash and Non-Interest-Bearing Accounts$771,549$1,635,230▲ $863,681
Investments Other Securities$1,296,750$1,296,750→ $0
Land, Buildings, and Equipment, Net$1,010,651$920,457▼ $90,194
Savings and Temporary Cash Investments$20,091$569,380▲ $549,289
Prepaid Expenses and Deferred Charges$21,180$1,621▼ $19,559
Total Assets$17,121,189$17,172,037▲ $50,848
Other Assets Total$12,525,961$9,499,223▼ $3,026,738
Liabilities
Other Liabilities$1,137,254$722,246▼ $415,008
Accounts Payable and Accrued Expenses$1,077,510$31,084▼ $1,046,426
Total Liabilities$2,214,764$753,330▼ $1,461,434
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,444,188$15,039,124▲ $1,594,936
Net Assets Without Donor Restrictions$1,462,237$1,379,583▼ $82,654
Total Net Assets Fund Balance$14,906,425$16,418,707▲ $1,512,282
Total Liabilities and Net Assets / Fund Balance$17,121,189$17,172,037▲ $50,848

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$714,277$548,449$1,262,726
Land$206,180--
Other Assets Org$192,176--
Other Securities$1,296,750--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$13,444,188$1,500,751▲ $3,272,878-$15,039,124
2018$12,055,985$1,464,343▲ $5,149,658-$13,444,188
2017$13,710,462-▲ $1,575,989-$12,055,985
2016$19,715,392-▼ $3,113,270-$13,710,462
2015$27,897,833-▼ $4,794,133-$19,715,392
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleOtherTotal
Emily DavisCorporate Secretary$107,814$107,814

Board Members and Trustees

NameTitle
Kathleen GibsonPresident & CEO
Kay SchlankeySr. Vice President & CFO
David C CorriganDirector
David MillerDirector
John PostonDirector
Kip TindellDirector
Leland R BurkDirector
Roxane BarryDirector of Accounting
Revenue and Support

Revenue Composition

Contributions and Grants
$1,500,751
Program Service Revenue
$0
Investment Income
$225,131
Other Revenue
$3,053,405
All Other Contributions
$1,500,751
Change in Net Assets
$1,512,282

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other6$1,500,751Fair Market Value
Total Noncash Contributions6$1,500,751-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,841,244
Revenue Not Reported on Financial Statements
$2,938,043
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,841,244
Total Revenue per Form 990
$4,779,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,027,201
Grants and Similar Amounts Paid$239,804
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$1,741,943-$1,741,943
Grants to Domestic Orgs$239,804--$239,804
Royalties-$100,408-$100,408
Fees for Services Accounting-$31,199-$31,199
Insurance-$29,270-$29,270
Fees for Services Legal-$3,820-$3,820
Other Expenses-$468-$468
Interest-$423-$423
Total Functional Expenses$239,804$3,027,201$0$3,267,005

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,267,005
Expenses Not Reported on Financial Statements$2,938,043
Expenses per Audited Statements$328,962
Total Expenses per Audited Statements$328,962
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Southwestern Medical FoundationDallas, TX501(c)(3)To Assist in the Study of Causes, Prevention, and Cure of Diseases.$239,804
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board of directors has delegated the responsibility of reviewing the tax return to the president.”

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

“The corporate secretary and president review the conflict of interest/code of conduct statements annually when received.”

Form 990, Part VI, Section B, Line 15

“The organization does not pay compensation to officers and has no employees, but is related to an organization that does pay compensation to officers and has employees. The related organization determines compensation upon the review and approval by compensation and personnel committees.”

Form 990, Part VI, Section C, Line 19

“The organization evaluates requests for documents and provides the organizational and governing documents on a case by case basis.”

Filing and Contact Details

Filer

Filer Name
Swmf Properties Inc
EIN
75-2838956
Phone
2143516143
Address
3889 MAPLE AVE, DALLAS, TX 75219

Signing Officer

Name
Kathleen Gibson
Title
President
Phone
2143516143
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Gibson
Formed
2001
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Whitley Penn Llp
Address
8343 DOUGLAS AVENUE STE 400, DALLAS, TX 75225
Preparer
Curtis Maxfield
Phone
2143939300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The financial statement reporting oversight process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Gaap requires management to evaluate tax positions taken by swmf properties and recognize a tax liability (or asset) if swmf properties has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by swmf properties and believes that as of december 31, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Swmf properties is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes swmf properties is no longer subject to income tax examination for years prior to 2015.”

Raw XML AppendixShowing 400 of 583 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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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01469
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01469
IRS990/NetUnrelatedBusTxblIncmAmt0985375
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01462237
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01379583
IRS990/NoncashContributionsAmt01500751
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012525961
IRS990/OtherAssetsTotalGrp/EOYAmt09499223
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MINERAL EXPENSE
IRS990/OtherExpensesGrp/Desc1MANAGEMENT FEES
IRS990/OtherExpensesGrp/Desc2FEDERAL INCOME TAX
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0999678
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt176470
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt243522
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3468
IRS990/OtherExpensesGrp/TotalAmt0999678
IRS990/OtherExpensesGrp/TotalAmt176470
IRS990/OtherExpensesGrp/TotalAmt243522
IRS990/OtherExpensesGrp/TotalAmt3468
IRS990/OtherLiabilitiesGrp/BOYAmt01137254
IRS990/OtherLiabilitiesGrp/EOYAmt0722246
IRS990/OtherRevenueMiscGrp/BusinessCd0211110
IRS990/OtherRevenueMiscGrp/Desc0OIL & GAS REVENUE
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02532256
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt02532256
IRS990/OtherRevenueTotalAmt02532256
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021180
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01621
IRS990/PrincipalOfficerNm0KATHLEEN GIBSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01464343
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02321421
IRS990/PYInvestmentIncomeAmt085118
IRS990/PYOtherExpensesAmt03014326
IRS990/PYOtherRevenueAmt03830426
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt044140
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05335747
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05379887
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01512282
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01469
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt0100408
IRS990/RoyaltiesGrp/TotalAmt0100408
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0519680
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0519680
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020091
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0569380
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0750945939
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0239804
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SOUTHWESTERN MEDICAL FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0239804
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt02938889
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt013444188
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01500751
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt015039124
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0239804
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03272878
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt02904377
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt012055985
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01464343
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt013444188
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02321421
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05149658
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01570466
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt013710462
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt012055985
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01660000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01575989
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01691660
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt019715392
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt013710462
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01200000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3113270
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01988308
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt027897833
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt019715392
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01400000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-4794133
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0714277
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0548449
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01262726
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02938043
IRS990ScheduleD/ExpensesSubtotalAmt0328962
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt0722246
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02938043
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02938043
IRS990ScheduleD/LandGrp/BookValueAmt0206180
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0206180
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09307047
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1192176
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OIL AND GAS ROYALTY INTERESTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FEDERAL INCOME TAX RECEIVABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01296750
IRS990ScheduleD/OtherSecuritiesGrp/Desc0STARNES CREEK VENTURE, LTD.
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02938043
IRS990ScheduleD/RevenueSubtotalAmt01841244
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY SWMF PROPERTIES AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF SWMF PROPERTIES HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY SWMF PROPERTIES AND BELIEVES THAT AS OF DECEMBER 31, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SWMF PROPERTIES IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES SWMF PROPERTIES IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0920457
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09499223
IRS990ScheduleD/TotalBookValueSecuritiesAmt01296750
IRS990ScheduleD/TotalExpensesPerForm990Amt03267005
IRS990ScheduleD/TotalLiabilityAmt0722246
IRS990ScheduleD/TotalRevenuePerForm990Amt04779287
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01841244
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0328962
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0239804
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST IN THE STUDY OF CAUSES, PREVENTION, AND CURE OF DISEASES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SOUTHWESTERN MEDICAL FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0750945939
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03889 MAPLE AVE SUITE 100
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DALLAS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075219
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION THOROUGHLY REVIEWS AND APPROVES THE USE OF GRANT FUNDS MADE TO THE SOUTHWESTERN MEDICAL FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$17,172,037
Liabilities
$753,330
Net assets
$16,418,707
Revenue
$4,779,287
Expenses
$3,267,005
Net income
$1,512,282
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$0.10$5.21$1.97$2.96$0.99
2023Detailed filing. Detailed filing data is available for this year.$6.37$0.17$6.20$3.15$6.46$3.31
2022Detailed filing. Detailed filing data is available for this year.$9.87$0.35$9.51$4.03$6.33$2.31
2021Detailed filing. Detailed filing data is available for this year.$12.3$0.48$11.8$3.73$3.21$0.52
2020Detailed filing. Detailed filing data is available for this year.$11.9$0.58$11.3$2.07$7.19$5.12
2019Detailed filing. Detailed filing data is available for this year.$17.2$0.75$16.4$4.78$3.27$1.51
2018Detailed filing. Detailed filing data is available for this year.$17.1$2.21$14.9$5.38$5.34$0.04
2017Detailed filing. Detailed filing data is available for this year.$14.7$1.12$13.6$2.04$2.63$0.59
2016Detailed filing. Detailed filing data is available for this year.$16.6$1.93$14.6$2.18$2.94$0.76
2015Detailed filing. Detailed filing data is available for this year.$22.9$2.22$20.7$2.80$3.37$0.57
2014Detailed filing. Detailed filing data is available for this year.$31.2$2.30$28.9$5.46$4.84$0.61
2013Detailed filing. Detailed filing data is available for this year.$23.9$1.67$22.3$3.72$2.04$1.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$0.73$12.4$1.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$0.81$11.6$1.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.05$10.2$0.23