2018-09-27T17:14:22-05:00 2017-12-31 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2017-01-01 741030788 TEXAS MEDICAL CENTER % DENISE CASTILLO-RHODES TEXA 7137916104 2450 HOLCOMBE BLVD Suite suite 1 HOUSTON TX 770212040 DENISE CASTILLO-RHODES EVP, CFO 7137916104 2018-09-27 true ERIC M MCNEIL P00460263 2673303000 155.201.188.33 23522320182705000022 2018-09-27 P 7C276736B1F8534619D83B6F2AADECD8007A5E58 7C276736B1F8534619D83B6F2AADECD8007A5E58 2017 2018-06-14 16:35:46Z WILLIAM MCKEON 2450 HOLCOMBE BLVD HOUSTON TX 770212040 126055094 false X www.tmc.edu X 1945 TX see schedule o 29 28 138 0 860459 -102971 1749 0 89168258 89338675 6086941 8247950 25035 13646 95281983 97600271 443334 91000 0 0 18469292 18142769 0 0 0 50563421 56365285 69476047 74599054 25805936 23001217 444103810 464148148 155267649 138048989 288836161 326099159 X SEE SCHEDULE O false false 8564447 91000 383963 SEE SCHEDULE O 41022894 0 85560077 SEE SCHEDULE O 11237613 0 3394635 SEE SCHEDULE 0 60824954 true false false true false false false false false true true false false false true true false true false false false false false false false false false true false true true false false false false false false false false false false false false false false false true true true false false true 85 0 true 138 true true true false false false false false false false false false X 29 28 true false false false false false false true true false false true true true true true true true true false X DENISE CASTILLO-RHODES 7137916104 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 770212040 X ANDREW M ALEXANDER DIRECTOR 1.0 0.0 X 0 0 0 DAVID BECK DIRECTOR 1.0 0.0 X 0 0 0 A T BLACKSHEAR JR DIRECTOR 1.0 0.0 X 0 0 0 JOHN F BOOKOUT DIRECTOR 1.0 0.0 X 0 0 0 MARC BOOM DIRECTOR 1.0 0.0 X 0 0 0 J DOWNEY BRIDGWATER DIRECTOR 1.0 0.0 X 0 0 0 ALAN R BUCKWALTER III DIRECTOR 1.0 0.0 X 0 0 0 ANTHONY R CHASE DIRECTOR 1.0 0.0 X 0 0 0 GUISEPPE COLASUNDRO DIRECTOR 1.0 0.0 X 0 0 0 ALEX CRANBERG DIRECTOR 1.0 0.0 X 0 0 0 O HOLCOMBE CROSSWELL DIRECTOR 1.0 0.0 X 0 0 0 ROBERT J CRUIKSHANK DIRECTOR 1.0 0.0 X 0 0 0 LYNN ELSENHANS DIRECTOR 1.0 0.0 X 0 0 0 GIBSON GAYLE JR DIRECTOR 1.0 0.0 X 0 0 0 ELIZABETH L GHRIST DIRECTOR 1.0 0.0 X 0 0 0 ROBERT G GREER DIRECTOR 1.0 0.0 X 0 0 0 CHARLES W HALL DIRECTOR 1.0 0.0 X 0 0 0 BERNARD HARRIS DIRECTOR 1.0 0.0 X 0 0 0 BRADLEY N HOWELL DIRECTOR 1.0 0.0 X 0 0 0 MAE C JEMISON MD DIRECTOR 1.0 0.0 X 0 0 0 RENU KHATOR DIRECTOR 1.0 0.0 X 0 0 0 PAUL KLOTMAN DIRECTOR 1.0 0.0 X 0 0 0 MRS ROBERT C LANIER DIRECTOR 1.0 0.0 X 0 0 0 JANIECE LONGORIA DIRECTOR 1.0 0.0 X 0 0 0 FRED LUMMIS DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM N MATHIS DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM MCKEON PRESIDENT (BEG. 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UNCERTAIN TAX POSITIONS FORM 990, SCHEDULE D, PART X, Line 2 As of December 31, 2017 AND 2016, the Texas Medical Center has no material liabilities related to uncertain tax positions. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI, LINE 4B Loss on sale/disposal of assets -120,454 true THE UNIVERSITY OF TEXAS HEALTH SCIENCE CTR 7000 FANNIN HOUSTON TX 77030 741761309 50000 RESEARCH, EDUCATION, AND CLINCIAL CARE GREATER HOUSTON PARTNERSHIP FOUNDATION 701 AVENIDA DE LAS AMERICAS HOUSTON TX 77010 208179135 501(c)(3) 10000 BUSINESS DEVELOPMENT TIRR FOUNDATION 4605 POST OAK PLACE HOUSTON TX 77027 760185588 501(C)(3) 10000 GENERAL SUPPORT OF ON-GOING PROGRAMS THE UNIVERSITY OF TEXAS HEALTH SCIENCE CTR 7000 FANNIN HOUSTON TX 77030 741761309 10000 DENTAL OUTREACH 4 0 PROCEDURE FOR MONITORING USE OF GRANT FUNDS IN THE U.S. 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 THE USE OF THE GRANT FUNDS. X X X X X true true false false false false false false false DENISE CASTILLO-RHODES EXECUTIVE VP & CFO 460449 0 67500 0 56564 0 58983 0 0 0 643496 0 0 0 SHAWN W CLOONAN EXECUTIVE VP & COO 588872 0 150000 0 48792 0 59907 0 38704 0 886275 0 0 0 WILLIAM MCKEON PRESIDENT (BEG. MAR 2017) 1055395 0 300000 0 35927 0 59314 0 9672 0 1460308 0 0 0 ROBERT C ROBBINS MD PRESIDENT (JAN 2017-MAR 2017) 919372 0 0 0 173352 0 154153 0 9301 0 1256178 0 0 0 LAWRENCE H STOKES SENIOR VP, SHARED SERVICES 318388 0 0 0 42745 0 57599 0 38518 0 457250 0 0 0 CHRISTEN DAVID BAGLEY VP, CORPORATE COMMUNICATIONS 151119 0 18540 0 28054 0 0 0 7742 0 205455 0 0 0 ABBEY ROBERSON VP, PLANNING 167911 0 27037 0 31615 0 0 0 7873 0 234436 0 0 0 JUDITH GERSH CONTROLLER 157560 0 45073 0 25187 0 45774 0 0 0 273594 0 0 0 MICHAEL E SHARPE DIRECTOR OF INTERNAL AUDIT 164038 0 27274 0 23435 0 44901 0 25163 0 284811 0 0 0 SANTOS A GONZALEZ-HINOJOSA VP, LEGAL AFFAIRS 188959 0 60750 0 24364 0 54418 0 45343 0 373834 0 0 0 ASHLEY MCPHAIL DIRECTOR, STRATEGY 146524 0 51000 0 13013 0 25582 0 11859 0 247978 0 0 0 BREW MCKENNA SR VP, CH OF STAFF(END 9/8/17) 267523 0 0 0 113177 0 56984 0 13523 0 451207 0 0 0 LAWRENCE J JONES DIRECTOR, FINANCE 161225 0 17899 0 9112 0 39859 0 41304 0 269399 0 0 0 CHHEAT UNG DIRECTOR, IT 156433 0 0 0 14032 0 35839 0 40204 0 246508 0 0 0 SCHEDULE J, PART I, LINE 4A BREW MCKENNA RECEIVED A SEVERANCE PAYMENT OF $75,000. SCHEDULE J, PART I, LINE 4B THE COMPENSATION COMMITTEE OF TEXAS MEDICAL CENTER'S BOARD OF DIRECTORS AWARDED ROBERT C. ROBBINS, MD DEFERRED COMPENSATION IN THE FORM OF A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (SERP). THE PLAN AWARDS THE DEFERRED COMPENSATION ANNUALLY AND VESTS ON THE THIRD ANNIVERSARY, AT WHICH TIME YEARLY DISTRIBUTIONS WILL OCCUR. ROBERT C. ROBBINS, MD RECEIVED PAYMENT UNDER THE PLAN OF $100,000 WHICH WAS INCLUDED IN WAGES ON FORM W-2. A HARRIS COUNTY CULT EDUC FACIL FIN COR 2008A 760337885 414010ae8 2008-12-01 55700000 REFUND PRIOR ISSUE 04/19/2006 false false false B HARRIS COUNTY CULTURAL EDU FACIL FIN CORP 2008B 760337885 414010AA6 2008-10-22 120000000 REFUND PRIOR ISSUES false false false C HARRIS COUNTY CULTURAL EDU FACIL FIN CORP 2009A 760337885 414010AS7 2009-04-09 54480408 REFUND PRIOR ISSUES false false false A 34465000 0 55700000 0 0 0 0 0 0 0 55700000 0 2008 true false true true B 80840000 0 120000000 0 0 0 0 0 0 0 120000000 0 2008 true false true true C 18060000 0 54480408 5500000 0 0 0 408 0 0 48980408 0 2009 true false true true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true C false false false false 0.00000 0.00000 0.00000 false false false true A false false false true true false 0 false 0 false true B false false false true true true JP MORGAN CHASE false true false 0 false true C false false false true false false 0 false 0 false true A true B true C true FORM 990, SCHEDULE K, PART II, LINE 7 TEXAS MEDICAL CENTER PAID ISSUANCE COSTS OUT OF ITS OWN FUNDS. FORM 990, SCHEDULE K, PART III THE PROJECTS COVERED BY THESE BONDS HAVE NO PRIVATE BUSINESS USE. FORM 990, SCHEDULE K, PART IV, LINE 2C THE ARBITRAGE CALCULATIONS FOR SERIES 2008A AND 2008B WERE PERFORMED IN AUGUST 2018. THE ARBITRAGE CALCULATION FOR SERIES 2009A WERE PERFORMED ON OCTOBER 17, 2013. FORM 990, SCHEDULE K, PART IV, LINE 4C, COLUMN (B) THERE WERE TWO HEDGES WITH JP MORGAN CHASE FOR THESE BONDS. THE HEDGE TERMS ARE OVER 14 YEARS AND 30 YEARS. FORM 990, SCHDULE K, PART IV, LINE 4E, COLUMN (B) THERE WERE TWO HEDGES WITH JP MORGAN CHASE FOR THESE BONDS. ONE HEDGE WAS TERMINATED IN NOVEMBER 2013. THE OTHER HEDGE TERMINATES IN 2031. MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 THE MISSION OF THE TEXAS MEDICAL CENTER ("TMC") IS TO PROMOTE THE HIGHEST QUALITY HEALTH STATUS FOR ALL PEOPLE BY ASSISTING INSTITUTIONS OF THE TEXAS MEDICAL CENTER TO ACHIEVE INDIVIDUAL AND COLLECTIVE GOALS OF THE HIGHEST POSSIBLE STANDARDS OF PATIENT AND PREVENTIVE CARE, OF RESEARCH AND EDUCATION, AND OF LOCAL, NATIONAL AND INTERNATIONAL COMMUNITY WELL-BEING. PROGRAM SERVICE ACTIVITY #1 FORM 990, PART III, LINE 4A MULTI-INSTITUTIONAL COLLABORATION- BECOME THE WORLD LEADER IN HEALTH AND LIFE SCIENCES BY LEVERAGING AND PROMOTING THE COLLECTIVE POWER OF TMCS RENOWNED INSTITUTIONS, STRATEGIC PARTNERSHIPS AND COUNCILS TO SERVE THE HEALTH, EDUCATION AND RESEARCH NEEDS OF TEXAS AND THE WORLD. PROGRAM SERVICE ACTIVITY #2 FORM 990, PART III, LINE 4B BUSINESS SERVICES- PROVIDES SERVICES, SUCH AS PARKING, HOSPITALITY, LEASING, AND SECURITY, TO TMC MEMBER INSTITUTIONS, EMPLOYEES, VISITORS AND THE COMMUNITY. PROGRAM SERVICE ACTIVITY #3 FORM 990, PART III, LINE 4C CAMPUS- DEVELOPMENT OF OUR LAND AND CAMPUS FOR INSTITUTIONAL PLANS AND URBAN PLANNING TO PROMOTE AND PROVIDE SUPPORT AND POLICE SECURITY FOR OUR MEMBER INSTITUTES, PATIENTS AND VISITORS. MAINTAINS THE INFRASTRUCTURE FOR THE SHARED, CENTRALLY MANAGED CAMPUS, PROVIDING MAINTENANCE FOR ITS STREETS, SIDEWALKS, GREEN SPACE, AND SHARED COMMONS SPACE. FAMILY/BUSINESS RELATIONSHIPS WITH OFFICERS, DIRECTORS, TRUSTEES FORM 990, PART VI, SECTION A, LINE 2 MR. ANDREW M. ALEXANDER, MR. ROBERT J. CRUIKSHANK AND MS. JANIECE LONGORIA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, GOVERNANCE, MANAGEMENT, AND DISCLOSURE 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. 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 FINANCE 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. SECTION B, LINE 15 - COMPENSATION APPROVAL IN 2017, TEXAS MEDICAL CENTERS PRESIDENT & CEO, EXECUTIVE VICE PRESIDENT/CHIEF STRATEGY OFFICER/CHIEF OPERATING OFFICER AND EXECUTIVE VICE PRESIDENT/CHIEF FINANCIAL OFFICERS COMPENSATION WAS ANALYZED BY AN INDEPENDENT COMPENSATION CONSULTANT WHICH USED COMPARABILITY DATA TO ASSESS COMPENSATION FOR THESE INDIVIDUALS. COMPENSATION FOR OTHER SENIOR VICE PRESIDENTS WAS REVIEWED. THE TOTAL COMPENSATION BUDGET IS ACCEPTED BY THE COMPENSATION COMMITTEE AND RATIFIED BY THE BOARD OF DIRECTORS. SECTION C, LINE 19 - PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS TEXAS MEDICAL CENTERSS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, RECONCILIATION OF NET ASSETS LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES FAS 158 ANNUAL EXPENSE $(1,038,993) TMC HEATING AND COOLING SERVICES CORP 1615 BRAESWOOD PARK DR HOUSTON TX 77030 943425643 THERMAL SVCS TX 501(C)(3) 12A TYPE I NA false TEXAS MEDICAL CENTER FOUNDATION 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 472836992 SUPPORT TMC TX 501(C)(3) 12A TYPE I TMC true TEXAS MEDICAL CENTER VENTURE FUND 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 823136541 SUPPORT TMC TX 501(C)(3) 12A TYPE 1 TMC true false false false false false false false false false false false true true false true false false true false TEXAS MEDICAL CENTER FOUNDATION R 3739527 FMV