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 741030788 TEXAS MEDICAL CENTER % DENISE CASTILLO-RHODES TEXA 7137916104 2450 HOLCOMBE BLVD Suite 1 HOUSTON TX 770212040 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 HOUSTON TX 770212040 141570062 false X www.tmc.edu X 1945 TX SEE SCHEDULE O 14 13 211 0 369501 0 0 2733210 111479047 115610697 15952827 19273970 231373 3884387 127663247 141502264 1003590 1820723 0 0 23678221 29260053 0 0 0 74092774 83063044 98774585 114143820 28888662 27358444 972764617 903057976 356237188 310017390 616527429 593040586 X SEE SCHEDULE O false false 5934248 0 0 MULTI-INSTITUTIONAL COLLABORATION BECOME THE WORLD LEADER IN HEALTH AND LIFE SCIENCES BY LEVERAGING AND PROMOTING THE COLLECTIVE POWER OF TMC'S RENOWNED INSTITUTIONS, STRATEGIC PARTNERSHIPS AND COUNCILS TO SERVE THE HEALTH, EDUCATION AND RESEARCH NEEDS OF TEXAS AND THE WORLD. 57939090 0 108605462 BUSINESS SERVICES PROVIDES SERVICES, SUCH AS PARKING, HOSPITALITY, LEASING, AND POLICE SERVICES, TO TMC MEMBER INSTITUTIONS, EMPLOYEES, VISITORS AND THE COMMUNITY. 9300772 0 7005235 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. 1820723 1820723 0 CONTRIBUTIONS AND SPONSORSHIPS 517897 0 0 CPRIT/ACT Grant 12546836 0 0 Helix Park Campus 14885456 1820723 0 88059566 true false false true false false false false false true true false false true true true true false 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 87 0 true 211 true true true false false false false false false false false false true false X 14 13 false false false false false false false true true false false true true true true true true true true true true TX X DENISE CASTILLO-RHODES 7137916104 2450 HOLCOMBE BLVD HOUSTON TX 770212040 WILLIAM MCKEON PRESIDENT 40.0 3.0 X X 3117227 0 67583 DENISE CASTILLO-RHODES CFO 40.0 1.0 X 870548 0 34500 ISAAC MIDDLETON CHIEF OPERATING OFFICER 40.0 1.0 X 819916 0 67583 THOMAS LUBY DIRECTOR INNOVATION INSTITUTE 40.0 1.0 X 744432 0 67583 ASHLEY MCPHAIL VP, STRATEGY & ADMINISTRATION 40.0 0.0 X 749493 0 45528 MARCUS NELSON VP, Strategy & New Ventures 40.0 0.0 X 545280 0 67583 BRIAN LUNEAU VP, LEGAL 40.0 0.0 X 459283 0 67583 SANTOS GONZALEZ-HINOJOSA GENERAL COUNSEL 40.0 0.0 X 381150 0 67583 JOHN WOLTER CHIEF OF POLICE & TECHNOLOGY 40.0 0.0 X 369903 0 68325 TATUM MARTENS VP Marketing 40.0 0.0 X 336544 0 66376 KRISTEN KUPPERMAN VP, REAL ESTATE DEVELOPMENT 40.0 0.0 X 327172 0 32533 ABBEY ROBERSON VP, PLANNER 40.0 0.0 X 296803 0 48485 LAWRENCE JONES DIR. FINANCE 40.0 0.0 X 268356 0 51265 JUDITH GERSH CONTROLLER 40.0 0.0 X 273705 0 41105 JASON SAKAMOTO ASSOC. DIRECTOR 40.0 0.0 X 255791 0 58051 EMILY REISER ASSOC. DIRECTOR, INNOVATION 40.0 0.0 X 257796 0 36624 DANIEL BELLOW DIRECTOR 1.0 0.0 X 0 0 0 J DOWNEY BRIDGWATER DIRECTOR, TREASURER 1.0 3.0 X 0 0 0 ALAN R BUCKWALTER III DIRECTOR 1.0 0.0 X 0 0 0 DEENA BUFORD DIRECTOR 1.0 0.0 X 0 0 0 ANTHONY R CHASE DIRECTOR 1.0 0.0 X 0 0 0 SHAUNA CLARK DIRECTOR 1.0 1.0 X 0 0 0 O HOLCOMBE CROSSWELL DIRECTOR, CHAIRMAN EMERITUS 1.0 1.0 X 0 0 0 CHARLES W HALL DIRECTOR, SECRETARY 1.0 3.0 X 0 0 0 DR BERNARD A HARRIS JR MD DIRECTOR, VICE CHAIRMAN 1.0 2.0 X 0 0 0 BRADLEY N HOWELL DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM N MATHIS DIRECTOR 1.0 0.0 X 0 0 0 GREG MOORE DIRECTOR, CHAIRMAN 1.0 1.0 X 0 0 0 ALEXANDRA PRUNER DIRECTOR, VICE CHAIRMAN 1.0 0.0 X 0 0 0 10073399 0 888290 42 false true false TELLEPSEN BUILDERS LP 777 BENMAR DR STE 400 HOUSTON TX 77060 CONSTRUCTION SVCS 17964171 JONES LANG LASALLE AMERICAS INC 200 EAST RANDOLPH DRIVE SUITE 4300 CHICAGO IL 60601 Maintenance Services 15591707 LAZ KARP ASSOCIATES LLC 15 LEWIS STREET HARTFORD CT 06103 PARKING MGMT SVCS 13179011 JTVAUGHN CONSTRUCTION LLC 10355 WESTPARK DRIVE HOUSTON TX 770425312 CONSTRUCTION SVCS 12156368 Marsh USA Inc PO Box 846015 DALLAS TX 75284 Brokerage fee 3354036 54 2733210 2733210 BUSINESS REVENUE 900099 108605462 104528051 369501 3707910 CAMPUS 900009 7005235 7005235 0 0 115610697 7755419 7755419 0 0 0 0 0 0 11521349 65000 67798 11521349 -2798 11518551 11518551 0 0 0 0 0 0 0 0 0 OTHER OPERATING REVENUE 900099 398096 398096 0 0 GAIN ON EXTINGUISH OF DEBT 900099 3486291 3486291 3884387 141502264 115417673 369501 22981880 1820723 1820723 0 0 0 9280767 4984118 4296649 0 0 0 13672754 6750601 6922153 0 1402600 898507 504093 0 3521411 2338049 1183362 0 1382521 848899 533622 0 30171528 23341285 6830243 0 1190722 416616 774106 0 357095 92370 264725 0 346200 0 346200 0 0 0 301081 301081 0 102606 102606 1809355 678902 1130453 0 2635844 1769592 866252 0 104560 47833 56727 0 0 0 14218065 13762221 455844 0 1040966 277649 763317 0 0 0 215802 46940 168862 0 7917023 7917023 0 0 0 0 19137166 18746854 390312 0 3515031 3218778 296253 0 114143820 88059566 26084254 0 6649263 3115673 57678658 48446204 0 0 62210293 74940358 0 0 0 0 0 0 0 0 0 0 718565619 286063113 418296119 432502506 274329128 290585216 4185850 4849935 0 0 0 0 149415306 48618084 972764617 903057976 30298182 17060058 0 0 22456217 22140686 101455000 97675000 0 0 0 0 199060584 172265544 0 0 2967205 876102 356237188 310017390 X 607516205 582968926 9011224 10071660 616527429 593040586 972764617 903057976 X 27358444 15954713 -66800000 X false true X true false X 1713402 10588 0 0 2733210 4457200 81879773 85232307 88382138 108442794 111533248 475470260 899785 0 1565824 2727634 3707910 8901153 0 0 84492960 85242895 89947962 111170428 117974368 488828613 0 46076424 27895905 33760640 38124791 51986233 197843993 46076424 27895905 33760640 38124791 51986233 197843993 290984620 9200800 12102389 11110651 9752221 7755419 49921480 0 9200800 12102389 11110651 9752221 7755419 49921480 0 74143 1973750 871789 231373 3884387 7035442 93767903 99319034 101930402 121154022 129614174 545785535 0.53315 0.58341 0.09147 0.09748 X 346200 346200 113797620 114143820 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 180000 250000 325114 346200 1101314 250000 250000 250000 250000 1000000 1500000 11270515 0 1338456 0 600000 12062 11996909 9618062 0 1665766 0 0 13313 11270515 11423382 0 -1792647 0 0 12673 9618062 10363535 0 1399383 0 50000 14041 11698877 8766345 0 1655769 0 50000 8549 10363565 0.16050 0.04550 0.79400 false false 0 79362256 79362256 0 555434548 249971860 305462688 0 59175080 36031699 23143381 0 24593735 59554 24534181 432502506 ASSETS REST. UNDER BOND IND. 318617 RIGHT OF USE ASSET 39978577 LEASE AGREEMENT 877861 OTHER ASSETS 7443029 48618084 0 CAPITAL LEASE LIABILITY 876102 876102 X 90355896 15954713 -66800000 -50845287 141201183 301081 301081 141502264 113842739 113842739 301081 301081 114143820 INTENDED USES OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 ENDOWMENTS ARE USED FOR ACTIVITIES RELATED TO THE TREATMENT AND CARE OF CANCER PATIENTS, STUDIES OF TUBERCULOSIS, CONGENITAL CARDIOVASCULAR DISEASE EDUCATION AND RESEARCH, A LECTURE SERIES ON MEDICAL ETHICS AND FOR GENERAL PURPOSES, INCLUDING EXPENSES TO IMPLEMENT NEW COOPERATIVE PROJECTS INVOLVING SEVERAL INSTITUTIONS FOR THE BENEFIT OF THE MEDICAL CENTER AS A WHOLE. UNCERTAIN TAX POSITIONS FORM 990, SCHEDULE D, PART X, LINE 2 AS OF DECEMBER 31, 2024 AND 2023, THE TEXAS MEDICAL CENTER HAS NO MATERIAL LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. Form 990, Schedule D, Part XI, Line 2d Loss on Conveyance: $(66,800,000) true TEXAS MEDICAL CENTER FOUNDATION 2450 HOLCOMBE BLVD STE 1 HOUSTON TX 770212040 472836992 501(C)(3) 1198278 GENERAL SUPPORT OF ONGOING PROGRAMS UT HEALTH HOUSTON 7000 FANNIN STREET HOUSTON TX 77030 741761309 GOVT 600000 SCHOLARSHIPS 2 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 true true X X X X X false false false false false false false false false WILLIAM MCKEON PRESIDENT 2019571 0 808441 0 289215 0 34500 0 33083 0 3184810 0 0 0 DENISE CASTILLO-RHODES CFO 572509 0 229177 0 68862 0 34500 0 0 0 905048 0 0 0 ISAAC MIDDLETON CHIEF OPERATING OFFICER 599430 0 149971 0 70515 0 34500 0 33083 0 887499 0 0 0 ASHLEY MCPHAIL VP, STRATEGY & ADMINISTRATION 492020 0 196957 0 60516 0 34500 0 11028 0 795021 0 0 0 THOMAS LUBY DIRECTOR INNOVATION INSTITUTE 489135 0 195802 0 59495 0 34500 0 33083 0 812015 0 0 0 SANTOS GONZALEZ-HINOJOSA GENERAL COUNSEL 340041 0 0 0 41109 0 34500 0 33083 0 448733 0 0 0 MARCUS NELSON VP, Strategy & New Ventures 349269 0 140000 0 56011 0 34500 0 33083 0 612863 0 0 0 BRIAN LUNEAU VP, LEGAL 309639 0 93000 0 56644 0 34500 0 33083 0 526866 0 0 0 TATUM MARTENS VP Marketing 208042 0 83280 0 45222 0 33293 0 33083 0 402920 0 0 0 KRISTEN KUPPERMAN VP, REAL ESTATE DEVELOPMENT 208042 0 83280 0 35850 0 32533 0 0 0 359705 0 0 0 ABBEY ROBERSON VP, PLANNER 216813 0 43396 0 36594 0 27535 0 20950 0 345288 0 0 0 JOHN WOLTER CHIEF OF POLICE & TECHNOLOGY 255031 0 63806 0 51066 0 35242 0 33083 0 438228 0 0 0 JUDITH GERSH CONTROLLER 210301 0 52615 0 10789 0 26697 0 14408 0 314810 0 0 0 LAWRENCE JONES DIR. FINANCE 205043 0 51300 0 12013 0 18182 0 33083 0 319621 0 0 0 EMILY REISER ASSOC. DIRECTOR, INNOVATION 185965 0 70000 0 1831 0 25596 0 11028 0 294420 0 0 0 JASON SAKAMOTO ASSOC. DIRECTOR 208042 0 41640 0 6109 0 24968 0 33083 0 313842 0 0 0 SCHEDULE J, PART I, LINE 1A - FIRST CLASS OR CHARTER TRAVEL CERTAIN OFFICERS AND A BOARD MEMBER UTILIZED CHARTER TRAVEL FOR ONE BUSINESS TRIP DURING 2024. SCHEDULE J, PART I, LINE 1A - HEALTH OR SOCIAL CLUB DUES OR INITIATION FEE TEXAS MEDICAL CENTER PAYS FOR THE CEO'S MEMBERSHIP TO A COUNTRY CLUB. THE CEO UTILIZES THIS MEMBERSHIP FOR BUSINESS PURPOSES OF TEXAS MEDICAL CENTER. A HARRIS COUNTY CULT EDUC FACIL FIN COR 2019A 760337885 2019-11-20 52390000 REFUND PRIOR ISSUES false false false B HARRIS COUNTY CULT EDUC FACIL FIN COR 2020A 760337885 2020-12-18 66190000 DEVELOP TMC3 CAMPUS false false false A 20905000 0 52390000 0 0 0 0 0 0 0 52390000 0 2019 true false true true B 0 0 66740165 0 0 0 921053 0 0 65819112 0 0 2023 false false true true A false false false false 0 false false false false B false false false false 0 false false false true A false false false true false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true FORM 990, SCHEDULE K, PART II, LINE 3 FOR THE SERIES 2020A BONDS, THE AMOUNT REPORTED INCLUDES INVESTMENT EARNINGS ON BOND PROCEEDS. 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 FOR THE SERIES 2019A BONDS, The rebate computation was performed on January 25, 2025. FORM 990, PART I, LINE 1 AND PART III, LINE 1: MISSION STATEMENT 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. 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 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. 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. SECTION C, LINE 19 - PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS TEXAS MEDICAL CENTERS'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, OTHER CHANGES IN NET ASSETS loss on conveyance (66,800,000) 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 TMC3 DEVELOPMENT CORPORATION 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 843144648 SUPPORT TMC TX 501(C)(3) 12A TYPE 1 TMC true TEXAS MEDICAL CENTER HOSPITALITY 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 332462301 SUPPORT TMC TX 501(C)(3) 12A TYPE 1 TMC true false true false false false false false false false false false true true false true false false true true TEXAS MEDICAL CENTER FOUNDATION S 1954266 FMV TEXAS MEDICAL CENTURE VENTURE FUND R 15281557 FMV TMC3 DEVELOPMENT CORPORATION R 4877656 FMV