2025-11-12T08:26:12-06:00 2024-12-31 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2024-01-01 472836992 TEXAS MEDICAL CENTER FOUNDATION % DENISE CASTILLO-RHODES TEXA 7137916104 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 DENISE CASTILLO-RHODES CFO 7137916104 2025-11-11 true true ERIC M MCNEIL P00460263 2673303000 2025-11-11 2024 2025-03-06 01:10:19Z WILLIAM MCKEON 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 3635433 false X N/A X 2014 TX PROVIDE SUPPORT TO THE TEXAS MEDICAL CENTER. 5 4 8 4 0 0 1094800 1300925 2120674 2247579 0 0 -33899 -108996 3181575 3439508 183373 292432 0 0 2047104 1993145 0 0 0 775172 695035 3005649 2980612 175926 458896 5474242 3920700 31162419 29149981 -25688177 -25229281 X SEE SCHEDULE O false false 1954611 0 1093066 SEE SCHEDULE O 687682 0 1154513 SEE SCHEDULE O 292432 292432 0 SEE SCHEDULE O 0 0 0 2934725 true true false false false false false false false false false false false false true true false true false false false false false false true false false true false true false false false false false false false false false false false false false true false false false true 24 0 true 8 true false false false false false true true false false false false false false X 5 4 false false false false false false false true true false false true true true true true true true false TX X DENISE CASTILLO-RHODES 7137916104 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 WILLIAM MCKEON PRESIDENT 1.0 42.0 X X 0 3117227 67583 THOMAS LUBY DIRECTOR, INNOVATION INST. 1.0 41.0 X 0 744432 67583 TINASHE CHANDAUKA ENTREPRENEUR IN RESIDENCE 40.0 0.0 X 198840 0 30400 DEEPAVALI CHAKRAVARTI ENTREPRENEUR IN RESIDENCE 40.0 0.0 X 180903 0 37135 ELLIANA TUTTLE INNOVATION MANAGER 40.0 0.0 X 143061 0 46913 SUPRIYA SINHA ENTREPRENEUR IN RESIDENCE 40.0 0.0 X 137204 0 31711 SANIYA MANSURI HEALTHCARE CONSULTANT 40.0 0.0 X 124763 0 11028 CHARLES W HALL SECRETARY 1.0 3.0 X 0 0 0 J DOWNEY BRIDGWATER TREASURER 1.0 3.0 X 0 0 0 GREG MOORE CHAIRMAN 1.0 1.0 X 0 0 0 ALEXANDRA PRUNER VICE-CHAIRMAN 1.0 1.0 X 0 0 0 DR BERNARD A HARRIS JR MD DIRECTOR 1.0 2.0 X 0 0 0 784771 3861659 292353 6 false true false ANN WERME GROUP 8558 KATY FREEWAY SUITE 118 HOUSTON TX 77024 CONSULTING SERVICES 126063 1 101971 1198278 676 1300925 CPRIT/ACT 900099 1093065 1093065 BIOBRIDGES UKRI 900099 867235 867235 BIOBRIDGES DENMARK 900099 287279 287279 2247579 0 0 0 0 0 0 0 86929 101971 195925 -108996 -108996 0 0 0 0 0 0 0 3439508 2247579 0 -108996 292432 292432 0 0 0 0 0 1547388 1547388 0 0 83854 83854 0 0 261067 261067 0 0 100836 100836 0 0 0 0 0 0 50149 4717 45432 0 0 0 0 209894 209894 0 0 182049 181651 398 0 132 75 57 0 12468 12468 0 0 30112 30112 0 0 0 7685 7685 0 0 0 0 0 0 OTHER OPERATING AGREEMENTS 202546 202546 0 0 2980612 2934725 45887 0 2484752 1559391 0 0 32892 3030 2945723 2357824 0 0 0 0 0 0 0 0 10875 455 0 0 0 0 0 0 0 0 0 0 0 0 5474242 3920700 95582 37410 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31066837 29112571 31162419 29149981 X -25688177 -25229281 0 0 -25688177 -25229281 5474242 3920700 X 458896 X false true X true true true X X X 1 TEXAS MEDICAL CENTER 741030788 10 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PAYABLE TO TEXAS MEDICAL CENTER 29112571 29112571 X 3635433 3635433 -195925 -195925 3439508 3176537 195925 195925 2980612 2980612 UNCERTAIN TAX POSITIONS FORM 990, SCHEDULE D, PART X, LINE 2 AS OF DECEMBER 31, 2024 AND 2023, THE CORPORATION HAS NO MATERIAL LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. FORM 990, SCHEDULE D, PART XI, LINE 4B FUNDRAISING EVENT EXPENSE: $(195,925) FORM 990, SCHEDULE D, PART XII, LINE 2D FUNDRAISING EVENT EXPENSE: $195,925 GOLF TOURNAMENT 188900 101971 86929 127599 49251 14498 4577 NONE 0 188900 101971 86929 127599 49251 14498 4577 195925 -108996 true THE UNIVERSITY OF ST THOMAS 3800 MONTROSE BLVD HOUSTON TX 77006 741277664 501(C)(3) 10000 FMV GENERAL SUPPORT GREATER HOUSTON PARTNERSHIP 701 Avenida De Las Americas Suite 9 HOUSTON TX 77010 760267896 501(C)(3) 30000 FMV GENERAL SUPPORT HLTH LLC 155 E 44th St Suite 701 New York NY 10017 814517003 501(C)(3) 50000 FMV GENERAL SUPPORT DEPELCHIN CHILDREN'S CENTER 4950 MEMORIAL DRIVE HOUSTON TX 77007 760318867 501(C)(3) 10000 FMV GENERAL SUPPORT BioHouston Inc 2450 Holcombe Blvd Suite 27G Houston TX 77021 760683142 501(C)(3) 20000 FMV GENERAL SUPPORT The Will Erwin Headache Research Foundation 609 Main St Suite 2350 Houston TX 77002 464886305 501(C)(3) 10000 FMV GENERAL SUPPORT Land of the Free Foundation 13191 Crossroads Parkway North 6th CITY OF INDUSTRY CA 91746 260710805 501(C)(3) 15000 FMV GENERAL SUPPORT Compass Group 2400 Yorkmont Rd Charlotte NC 28217 200020799 501(C)(3) 6175 FMV General Support NAIOP Commercial Real Estate Development PO Box 570213 Houston TX 77257 760255686 501(C)(3) 30000 FMV GENERAL SUPPORT Covenant House Texas 1111 Lovett Blvd HOUSTON TX 77006 760050882 501(C)(3) 25000 FMV GENERAL SUPPORT Texas Healthcare & Bioscience Institute 807 Brazos St Suite 607 Austin TX 78701 760501034 501(C)(3) 10000 FMV GENERAL SUPPORT Houston Zoo Inc 1513 Cambridge HOUSTON TX 77030 741590271 501(C)(3) 15000 FMV GENERAL SUPPORT American City Business Journals Inc 120 West Morehead Charlotte NC 28202 431366184 501(C)(3) 8000 FMV GENERAL SUPPORT Houston Park Boards 300 N Post Oak Lane Houston TX 77024 741860046 501(C)(3) 5182 FMV GENERAL SUPPORT 14 0 FORM 990, SCHEDULE I, PART I, LINE 2 GRANT ACTIVITY IS MONITORED BY TRACKING THE EXPENDITURES IN A SEPARATE COST CENTER FOR GRANTS. AN EXCEL SPREADSHEET IS MAINTAINED FOR EACH GRANT, SHOWING THE BUDGET, THE EXPENDITURES TO DATE, THE REIMBURSEMENT RECEIVED FROM THE GRANT FUNDS, AND ANY REMAINING BALANCE OF THE GRANT. ADDITIONALLY, GRANT RECIPIENTS ARE ASKED TO FILE ANNUAL REPORTS WITH TEXAS MEDICAL CENTER DISCUSSING USE OF THE GRANT FUNDS. X X X X X false false false false false false false false false WILLIAM MCKEON PRESIDENT 0 2019571 0 808441 0 289215 0 34500 0 33083 0 3184810 0 0 THOMAS LUBY DIRECTOR, INNOVATION INST. 0 489135 0 195802 0 59495 0 34500 0 33083 0 812015 0 0 TINASHE CHANDAUKA ENTREPRENEUR IN RESIDENCE 149791 0 44971 0 4078 0 19372 0 11028 0 229240 0 0 0 ELLIANA TUTTLE INNOVATION MANAGER 113591 0 22735 0 6735 0 13830 0 33083 0 189974 0 0 0 DEEPAVALI CHAKRAVARTI ENTREPRENEUR IN RESIDENCE 145630 0 29148 0 6125 0 16592 0 20543 0 218038 0 0 0 SUPRIYA SINHA ENTREPRENEUR IN RESIDENCE 121154 0 10500 0 5550 0 13165 0 18546 0 168915 0 0 0 FORM 990, PART I, LINE 1 AND PART III, LINE 1 - MISSION STATEMENT TO PROVIDE SUPPORT TO THE TEXAS MEDICAL CENTER, A TEXAS NONPROFIT CORPORATION DESCRIBED IN IRC SECTION 501(C)(3). FORM 990, PART III, LINE 4 - PROGRAM SERVICE ACTIVITIES LINE 4A: PROGRAM SERVICE ACTIVITY #1 TMC ACT IS THE ONLY CANCER THERAPEUTICS ACCELERATOR BUILDING RELATIONSHIPS WITH HEALTH CARE PROFESSIONALS LEADING THE WORLD'S BEST CANCER TREATMENT PROGRAMS AT THE TEXAS MEDICAL CENTER MEMBER HOSPITALS. THE ACT PROGRAM IS A CPRIT FUNDED ACCELERATOR LAUNCHED IN COLLABORATION WITH THE GULF COAST CONSORTIUM (GCC) AND THE UNIVERSITY OF TEXAS MEDICAL BRANCH (UTMB) TO SUPPORT TEXAS-BASED BIOTECH ENTREPRENEURS, RESEARCHERS CONTEMPLATING TRANSLATIONS, AND INTERNAL COMPREHENSIVE DRUG DEVELOPMENT PROGRAMS. ACT IS A COMPREHENSIVE NINE-MONTH PROGRAM DESIGNED TO ENHANCE ONCOLOGY BIOTECH ENTREPRENEURSHIP TRAINING AND DRUG DEVELOPMENT PROGRAMS IN TEXAS. THE PROGRAM WILL SIMULTANEOUSLY PROVIDE TEXAS RESEARCHERS AND STARTUP COMPANIES WITH INTEGRATED TRAINING, RESOURCES, AND MENTORING IN ORDER TO HELP ADVANCE INNOVATIVE CANCER THERAPY DISCOVERIES AND DEVELOPMENT PROGRAMS, ULTIMATELY LEADING TO NEW APPROACHES AND THERAPIES FOR CANCER PATIENTS. LINE 4B: PROGRAM SERVICE ACTIVITY #2 INNOVATE UK, A COUNCIL OF UK RESEARCH AND INNOVATION IS AN AGREEMENT BETWEEN INNOVATE UK AND TEXAS MEDICAL CENTER. THE GLOBAL INCUBATOR PROGRAM IS AN EXCHANGE PROGRAM FOR SMES USING INCUBATORS AS SOFT LANDIN TO BREAK DOWN BARRIERS AND ENABLE INNOVATIVE SMES TO MORE EASILY BUILD COLLABORATIONS AND PARTNERSHIPS AND EXPLORE THE POTENTIAL OF OVERSEAS MARKETS IN ORDER TO ADVANCE HEALTH, MEDICINE AND RESEARCH. THIS PROGRAM WILL ALLOW THE TEXAS MEDICAL CENTER TO ADVANCE ITS MISSION BY LEVERAGING ITS INNOVATION FACTORY TO PROVIDE TRAINING FOR MEDICAL DEVICE AND DIGITAL HEALTH START-UP COMPANIES. THE BII FOUNDATION IS A DANISH FOUNDATION WITH CORPORATE INTERESTS. THE BII FOUNDATION'S VISION IS TO SUPPORT WORLD-CLASS LIFE SCIENCE INNOVATION THAT DRIVES DEVELOPMENT OF NEW SOLUTIONS BY EARLY LIFE SCIENCE START-UPS FOR THE BENEFIT OF PEOPLE AND SOCIETY. THE BII FOUNDATION IS LOCATED AT OLE MAALOES VEJ 3, 2200 COPENHAGEN N, DENMARK. ITS MISSION IS TO INCUBATE WORLD-CLASS LIFE SCIENCE AND CATALYZE ITS COMMERCIALIZATION OF NEW SOLUTIONS THROUGH START-UPS BY USING OUR KNOWLEDGE, NETWORK, FUNDING, AND INFRASTRUCTURE. THE BII FOUNDATION OFFERS ENTREPRENEURIALLY MINDED RESEARCHERS OR ANYONE WITH A RESEARCH-BASED IDEA HELP TO BRING INTERDISCIPLINARY IDEAS TO LIFE AND RESEARCH TO MARKET. IT OFFERS STATE-OF-THE-ART FACILITIES AND VARIOUS FUNDING OPPORTUNITIES AS WELL AS PARTNERSHIPS AND PROGRAMS WITH TECHNICAL, SCIENTIFIC AND COMMERCIAL EXPERTS. FORM 990, PART VI, SECTION A, LINE 11 - 990 REVIEW PROCESS THE PREPARER REVIEWS THE FORM 990 WITH THE CFO. THE FORM 990 IS DISTRIBUTED TO AND REVIEWED BY THE AUDIT COMMITTEE. THE FINAL 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST COMPLIANCE CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY THE BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES. THE STATEMENTS ARE REVIEWED BY THE LEGAL DEPARTMENT. IF A CONFLICT WERE TO ARISE, THE BOARD MEMBER WOULD BE REQUIRED TO DISMISS HIMSELF/HERSELF FROM ANY DISCUSSIONS OR DECISIONS REGARDING THE AREA OF CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 - COMPENSATION APPROVAL THE TMC BOARD OF DIRECTOR'S MEETS ANNUALLY AS PART OF THE PRESIDENT'S ANNUAL REVIEW AND COMPENSATION. THE BOARD REVIEWS THE PERFORMANCE OF THE COMPANY AND THE PRESIDENT'S PERFORMANCE TO DECIDE COMPENSATION. DURING THIS PROCESS, THE BOARD ALSO RECEIVES PERFORMANCE REVIEW AND COMPENSATION INFORMATION ON EACH MEMBER OF THE EXECUTIVE LEADERSHIP TEAM. FORM 990, PART VI, SECTION B, LINE 19 - PUBLIC DISCLOSURE TEXAS MEDICAL CENTERS FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. TEXAS MEDICAL CENTER 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 741030788 SUPPORT TX 501(c)(3) 10 NA false TEXAS MEDICAL CENTER VENTURE FUND 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 823136541 SUPPORT TMC TX 501(C)(3) 12A TYPE 1 TMC false TMC3 DEVELOPMENT CORPORATION 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 843144648 SUPPORT TMC TX 501(C)(3) 12A TYPE 1 TMC false false false true false false false false false false false false false false false true false true false true