2024-11-15T16:08:17-06:00 2023-12-31 752393478 WHITLEY PENN LLP 8343 DOUGLAS AVENUE STE 400 DALLAS TX 75225 990 2023-01-01 752838956 SWMF PROPERTIES INC SWMF 2143516143 3889 MAPLE AVE 100 DALLAS TX 75219 MICHAEL MCMAHAN PRESIDENT 2143516143 2024-11-14 1 1 CURTIS MAXFIELD P00445178 2143939300 2023 2024-10-15 13:58:12Z MICHAEL MCMAHAN 3889 MAPLE AVE 100 DALLAS TX 75219 3489410 0 X N/A X 2001 TX SWMF PROPERTIES, INC. ACQUIRES, RECEIVES, HOLDS, MAINTAINS AND MANAGES REAL AND PERSONAL PROPERTY DONATIONS FOR THE BENEFIT OF SOUTHWESTERN MEDICAL FOUNDATION. THE ORGANIZATION'S CORPORATE PROPERTY IS USED TO SUPPORT THE CHARITABLE PURPOSES OF SOUTHWESTERN MEDICAL FOUNDATION. 5 5 0 0 1477190 523878 0 0 0 0 49833 1053745 3976053 2094841 4025886 3148586 3507532 4200000 0 0 0 0 0 0 0 2827104 2258605 6334636 6458605 -2308750 -3310019 9865752 6368531 354840 167638 9510912 6200893 SWMF PROPERTIES, INC. ACQUIRES, RECEIVES, HOLDS, MAINTAINS AND MANAGES REAL AND PERSONAL PROPERTY DONATIONS FOR THE BENEFIT OF SOUTHWESTERN MEDICAL FOUNDATION. THE ORGANIZATION'S CORPORATE PROPERTY IS USED TO SUPPORT THE CHARITABLE PURPOSES OF SOUTHWESTERN MEDICAL FOUNDATION. 0 0 4200000 4200000 TO ASSIST SOUTHWESTERN MEDICAL FOUNDATION IN THE STUDY OF CAUSES, PREVENTION, AND CURE OF DISEASES OF THE MINDS AND BODIES OF PERSONS: THE STUDY OF INDIVIDUAL AND COMMUNITY HYGIENE, AND TO PROMOTE PUBLIC HEALTH AND MEDICAL RESEARCH. 4200000 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL MCMAHAN PRESIDENT 2143516143 3889 MAPLE AVE 100 DALLAS TX 75219 DAVID CORRIGAN CHAIRMAN 0.25 0.25 X 0 0 0 LELAND BURK DIRECTOR 0.25 0.25 X 0 0 0 DAVID MILLER DIRECTOR 0.25 0.25 X 0 0 0 JOHN POSTON DIRECTOR 0.25 X 0 0 0 KIP TINDELL III DIRECTOR 0.25 0.25 X 0 0 0 MICHAEL MCMAHAN PRESIDENT & CEO 0.25 40.00 X 0 316811 23416 KAY SCHLANKEY SR. VICE PRESIDENT & CFO 0.25 40.00 X 0 273713 28897 EMILY DAVIS CORPORATE SECRETARY 0.25 40.00 X 0 122869 21998 TRAE HOLMES DIRECTOR OF ACCOUNTING 0.25 30.00 X 0 148593 25199 0 861986 99510 0 0 1 0 0 65422 65422 646798 646798 29147 -29147 -29147 -29147 1300000 311677 988323 988323 988323 OIL & GAS REVENUE 211100 1477190 1477190 1477190 3148586 0 1477190 1671396 4200000 4200000 12130 12130 37980 37980 159340 159340 582391 582391 1307168 1307168 10061 10061 MINERAL EXPENSE 140764 140764 UNRELATED BUSINESS INCO 8771 8771 6458605 4200000 2258605 0 3028046 1241988 487280 427898 715451 292022 1669 1679 1262726 909229 649872 353497 30000 0 4953434 4051447 9865752 6368531 1986 28532 352854 139106 354840 167638 X 74775 368505 9436137 5832388 9510912 6200893 9865752 6368531 -3310019 0 X X 0 1 X 1 0 X X 1 SOUTHWESTERN MEDICAL FOUNDATION 750945939 7 1 4200000 0 1 4200000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 9436137 211462 3496401 2218810 3932388 10480405 3996046 2507535 2532779 9436137 9854979 531329 3163669 534365 2535207 10480405 15039124 193748 1780156 4559219 2598830 9854979 13444188 1500751 3272878 239804 2938889 15039124 1.00000 0 0 1262726 909229 353497 353497 OIL AND GAS ROYALTY INTERESTS 3736461 FEDERAL INCOME TAX RECEIVABLE 314986 4051447 139106 139106 X 958923 0 958923 2180892 8771 2189663 3148586 4279178 0 4279178 2170656 8771 2179427 6458605 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 HAS CONCLUDED THAT AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION 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 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME TAX 8,771. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME TAX 8,771. 1 SOUTHWESTERN MEDICAL FOUNDATION 3889 MAPLE AVE SUITE 100 DALLAS TX 75219 750945939 501(C)(3) 4200000 0 TO ASSIST IN THE STUDY OF CAUSES, PREVENTION, AND CURE OF DISEASES. 1 PART I, LINE 2: THE ORGANIZATION THOROUGHLY REVIEWS AND APPROVES THE USE OF GRANT FUNDS MADE TO SOUTHWESTERN MEDICAL FOUNDATION. 0 0 0 0 0 0 0 0 0 MICHAEL MCMAHAN PRESIDENT & CEO 0 316811 0 0 0 0 0 15398 0 8018 0 340227 0 0 KAY SCHLANKEY SR. VICE PRESIDENT & CFO 0 273713 0 0 0 0 0 27371 0 1526 0 302610 0 0 TRAE HOLMES DIRECTOR OF ACCOUNTING 0 148593 0 0 0 0 0 15000 0 10199 0 173792 0 0 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. FORM 990, PART XII, LINE 2C THE FINANCIAL STATEMENT REPORTING OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SOUTHWESTERN MEDICAL FOUNDATION 3889 MAPLE AVE SUITE 100 DALLAS TX 75219 750945939 TO ADVANCE MEDICAL RESEARCH, EDUCATION, PATIENT CARE, PRIMARILY AT UTSW. TX 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SOUTHWESTERN MEDICAL FOUNDATION B 4200000 FAIR VALUE