THE DEBAKEY MEDICAL FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- THE DEBAKEY MEDICAL FOUNDATION (EIN 74-6053822)
- Tax period
- 2015-05-01 to 2016-04-30
- Filed
- 2016-09-13
- IRS object ID
- 201632579349100408
- Schema version
- 2015v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-09-13T09:25:42-07:00 | ReturnTs |
| Tax Period End | 2016-04-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Blazek & Vetterling | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Weslayan Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770275132 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-05-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746053822 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The DeBakey Medical Foundation | BusinessNameLine1Txt |
| Business Name Line2 | co Dr George Noon | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DEBA | BusinessNameControlTxt |
| Phone | 7137903155 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Fondren Bldg 6565 Fannin | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77030 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dr George P Noon | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2016-09-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jody Blazek | PreparerPersonNm |
| PTIN | P00072674 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $47,798,181 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $25,025 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $12 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $12 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,355,777 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,355,777 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,744,204 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,966,413 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,744,204 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $4,125,018 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,099,993 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $190,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $38,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $152,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $13,388 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $2,678 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $10,710 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,831 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,415 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,416 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $216,927 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $206,927 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $10,000 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $1,033 | InterestRevAndExpnssAmt |
| Interest Dsbrs Chrtbl | $1,033 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $152,926 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $54,098 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $100,000 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $100,000 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $12,622 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $4,240 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,382 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $697,727 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $311,358 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $287,541 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,006,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,006,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,703,727 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $311,358 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,293,541 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,421,291 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,788,635 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $230,436 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $403,466 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $403,466 | SavAndTempCashInvstEOYFMVAmt |
| Pledges Rcvbl | $3 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $3 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $3 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $3 | PledgesRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $500 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $500 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $500 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $174,734 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $274,734 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $277,451 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $16,642,314 | CorporateStockBOYAmt |
| Corporate Stock EOY | $17,890,761 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $46,028,238 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $940,755 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $840,569 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $853,580 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $475,471 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $475,471 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $475,471 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $234,943 | LandBldgInvestmentsEOYFMVAmt |
| Total Assets BOY | $18,464,213 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,885,504 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $47,798,181 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $18,464,213 | UnrestrictedBOYAmt |
| Unrestricted EOY | $19,885,504 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $18,464,213 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,885,504 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $18,464,213 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,885,504 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $18,464,213 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,421,291 | ExcessRevenueOverExpensesAmt |
| Subtotal | $19,885,504 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $19,885,504 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly traded securities | PropertyDesc |
| Gross Sales Price | $4,966,413 | GrossSalesPriceAmt |
| Cost Or Other Basis | $2,222,209 | CostOrOtherBasisAmt |
| Gain Or Loss | $2,744,204 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $2,744,204 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,744,204 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | Yes (true) | LiableSection4942TaxInd |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $75,773 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $75,773 | SubtotalAmt |
| Tax Based On Investment Income | $75,773 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $40,282 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $40,282 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $313 | EsPenaltyAmt |
| Tax Due | $35,804 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | None | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Doris Simmons | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7138776707 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2400 Greenway Plaza 600 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770462405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Dr George P Noon | ||||||
| Fondren Bldg 6565 Fannin 979 | Houston | TX | 77030 | President | 10.00 | $100,000 |
| Gale L Galloway | ||||||
| Fondren Bldg 6565 Fannin 979 | Houston | TX | 77030 | Vice Pres/Trust | 3.00 | $5,000 |
| Oscar S Wyatt Jr | ||||||
| Fondren Bldg 6565 Fannin 979 | Houston | TX | 77030 | Sec/Treas | 1.00 | $5,000 |
| Dr Lois DeBakey | ||||||
| Fondren Bldg 6565 Fannin 979 | Houston | TX | 77030 | Trustee | 15.00 | $75,000 |
| Dr Bobby Alford | ||||||
| Fondren Bldg 6565 Fannin 979 | Houston | TX | 77030 | Trustee | 1.00 | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fayez Sarofim & Co | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 Fannin 2907 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment Mgmt | ServiceTypeTxt |
| Compensation | $206,927 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $47,126,935 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $607,832 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $234,943 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $47,969,710 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $47,969,710 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $719,546 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $47,250,164 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,362,508 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,362,508 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $75,773 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $75,773 | TotalTaxAmt |
| Distributable Before Adj | $2,286,735 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,286,735 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,286,735 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,293,541 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $2,293,541 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $2,293,541 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,286,735 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,257,795 | UndistributedIncomePYAmt |
| Qualifying Distributions | $2,293,541 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,257,795 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $35,746 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $2,250,989 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Baylor College of Medicine | |||||||
| One Baylor Plaza | Houston | TX | 77030 | N/A | PC | Michael E. DeBakey Library and Museum | $400,000 |
| John P McGovern Museum | |||||||
| 1515 Hermann Dr | Houston | TX | 77004 | N/A | PC | Michael E. DeBakey Cell Labs | $180,000 |
| Baylor College of Medicine | |||||||
| One Baylor Plaza | Houston | TX | 77030 | N/A | PC | Michael E. DeBakey Excellence in Research Award | $25,000 |
| The Methodist Hospital | |||||||
| 6565 Fannin St | Houston | TX | 77030 | N/A | PC | Methodist DeBakey Heart and Vascular Institute | $400,000 |
| Friends of the Natl Library of Medi | |||||||
| 4720 Montgomery Ln Ste 500 | Bethesda | MD | 20814 | N/A | PC | Portrait of Dr. Donald Lindberg and his wife Mary Lindberg | $1,000 |
| US National Library of Medicine | |||||||
| 8600 Rockville Pike | Bethesda | MD | 20894 | N/A | GOV | Michael E. DeBakey Archives | $1,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,006,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,355,777 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,744,204 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,099,993 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,099,993 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Richard Favero | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1832 Wincanton Drive | AddressLine1Txt |
| City | Las Vegas | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89134 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $25,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Accounting | $4,162 | $2,081 | $0 | $2,081 |
| Tax compliance | $6,669 | $3,334 | $0 | $3,335 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (5 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Amgen, Inc. 5.7% 2/1/2019 | $207,980 | $222,448 |
| Texas Instruments 2.375% 5/16/16 | $178,646 | $175,110 |
| Franklin Resources 2.8% 9/15/2022 | $203,416 | $203,330 |
| Rio Tinto Finance 2.875% 8/21/2022 | $149,901 | $150,879 |
| JP Morgan Chase 2.35% 1/28/2019 | $100,626 | $101,813 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $274,734 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $277,451 | USGovtObligationsEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Land | CategoryOrItemTxt |
| Cost Or Other Basis | $475,471 | CostOrOtherBasisAmt |
| Book Value | $475,471 | BookValueAmt |
| EOYFMV | $234,943 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative expenses | $825 | $825 | |
| Insurance - general | $8,480 | $4,240 | $4,240 |
| Medical Student Poetry Awards | $1,750 | $1,750 | |
| Postage & shipping | $1,567 | $1,567 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Grants administration | $10,000 | $0 | $0 | $10,000 |
| Investment advisor fees | $206,927 | $206,927 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Ad Valorem tax | $7,309 | $7,309 |
| Excise tax | $98,828 | |
| Foreign tax | $46,789 | $46,789 |
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