John Sealy Mem Endowmnt Fund For Biomed Res Utmb in Galveston, Texas (TX)

Organization representatives - add corrected or new information about John Sealy Mem Endowmnt Fund For Biomed Res Utmb »

Non-representatives - add comments about John Sealy Mem Endowmnt Fund For Biomed Res Utmb»

John Sealy Mem Endowmnt Fund For Biomed Res Utmb
Employer Identification Number (EIN)760240697
Name of OrganizationJohn Sealy Mem Endowmnt Fund For Biomed Res Utmb
AddressGalveston, TX 77550
Tax Period2005
Asset Amount$45,063,079
Amount of Income$2,335,122
Form 990 Revenue Amount$2,335,122
National Taxonomy of Exempt Entities (NTEE)Medical Research: Single Organization Support


Non-representatives - add comments:


CAPTCHA

Your IP address 3.128.172.185 will be logged.

Amount of income in 2005: $2,335,122
This organization: 

 $2,335,122
Other organizations performing similar types of work: 

 $399,871

Assets in 2005: $45,063,079
This organization: 

 $45,063,079
Other organizations performing similar types of work: 

 $1,254,634

Expenses in 2005: $2,213,734
John Sealy Mem Endowmnt Fund For Biomed Res Utmb: 

 $2,213,734
Other organizations performing similar types of work: 

 $196,870

Income to expenses ratio in 2005: 1.1
John Sealy Mem Endowmnt Fund For Biomed Res Utmb: 

 1.1
Other organizations performing similar types of work: 

 1.8

Expenses allocated to program services in 2005: 99.3%
John Sealy Mem Endowmnt Fund For Biomed Res Utmb: 

 99.3%
Other organizations performing similar types of work: 

 99.3%

Grants share in income in 2005: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 2.5%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Expenses for 2005

Income-Producing Activities for 2005

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200320042005
Total revenue$4,058,716$3,119,774$3,400,371$7,060,573$4,506,543$2,335,122
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$58,221$57,741$19,552$11,490$17,031$14,232
Dividends and interest from securities$2,417,370$2,580,195$2,510,499$2,336,037$2,320,486$2,301,082
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$10,678$22,120$10,776$-50,649$66,434
Gain or (loss) from sales of assets other than inventory$1,583,125$471,160$848,200$4,702,270$2,219,675$-46,626
Gross amount from sales of assets other than inventory$4,824,324$6,205,460$9,027,154$13,170,247$9,506,221$2,194,733
Less: cost or other basis and sales expenses$3,241,199$5,734,300$8,178,954$8,467,977$7,286,546$2,241,359
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Total expenses$2,174,533$2,432,803$2,288,125$1,990,067$2,202,821$2,213,734
Program services$2,151,417$2,407,988$2,262,963$1,975,959$2,188,832$2,199,096
Management and general$23,116$24,815$25,162$14,108$13,989$14,638
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$35,768,246$36,455,217$37,567,463$42,637,969$44,941,691$45,063,079
Excess or (deficit) for the year$1,884,183$686,971$1,112,246$5,070,506$2,303,722$121,388
Net assets or fund balances at beginning of year$33,884,063$35,768,246$36,455,217$37,567,463$42,637,969$44,941,691
Other changes in net assets or fund balances$0$0$0$0$0$0
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,213,734$2,199,096$14,638$0
Grants paid from donor advised funds
Other grants and allocations$2,199,096
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$6,500$0$6,500$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$8,138$0$8,138$0
Balance Sheets
200020012002200320042005
Total assets$36,293,914$36,988,442$38,093,889$42,976,744$45,527,028$45,594,821
Cash - non-interest-bearing$0$0$0$0$0$0
Savings and temporary cash investments$2,911,613$2,204,300$561,731$951,057$1,220,128$585,544
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0
Investments - publicly-traded securities
Investments - other securities$33,006,631$34,329,512$37,042,691$41,573,484$43,884,789$44,596,922
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Other assets, including program-related investments$375,670$454,630$489,467$452,203$422,111$412,355
Total liabilities$525,668$533,225$526,426$338,775$585,337$531,742
Accounts payable and accrued expenses$525,668$533,225$526,426$338,775$585,337$531,742
Grants payable$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0
Total liabilities and net assets/fund balances$36,293,914$36,988,442$38,093,889$42,976,744$45,527,028$45,594,821
Total net assets or fund balances$35,768,246$36,455,217$37,567,463$42,637,969$44,941,691$45,063,079
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200320042005
Total revenue$4,058,716$3,119,774$3,400,371$7,060,573$4,506,543$2,335,122
Total revenue, gains, and other support per audited financial statements$4,058,716$3,119,774$3,400,371$7,060,573$4,506,543$2,335,122
Other expenses$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200320042005
Total expenses$2,174,533$2,432,803$2,288,125$1,990,067$2,202,821$2,213,734
Total expenses and losses per audited financial statements$2,174,533$2,432,803$2,288,125$1,990,067$2,202,821$2,213,734
Other revenue$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,335,122$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$14,232$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,301,082$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$66,434$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-46,626$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Support Schedule
199920002001200220032004
Total$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend John Sealy Mem Endowmnt Fund For Biomed Res Utmb to others? (optional)
  
Add photo of John Sealy Mem Endowmnt Fund For Biomed Res Utmb (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Log in»  |   Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
Oconnell High School Foundation in Galveston, TX
Abundant Grace Praise & Worship Church in Houston, TX
****•
Aglow International, 2010896 San Angelo Tx Community Lighthouse Aglow Intl San Angelo Tx in San Angelo, TX
****•
Bob And Dani Muckleroy Foundation in Ovilla, TX
New Beginnings House Of Prayer in Galena Park, TX
*****
Labor Of Faith Inc in Pearland, TX
*****
Vandemataram Foundation Usa Inc in Lewisville, TX
*****
Pathways Core Training Inc in Irving, TX
*
Mount Sinai Grand Lodge Community Foundation in Houston, TX
*****
Pogue Family Missions Society in Mckinney, TX
*****
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Nri Medical Research Foundation700 1st Ave S, Fargo, ND 58103-1802ND2005-01$10,259,537
2John Sealy Mem Endowmnt Fund For Biomed Res UtmbGalveston, TX 77550TX$2,335,122
3Montgomery Health Foundation1330 Powell St Ste 309, Norristown, PA 19401-3350PA1983-10$881,284
4Lucky Duck Foundation2683 Via De La Valle, Del Mar, CA 92014-1911CA2006-03$399,871
5Wgo Foundation555 E Wells Street, Milwaukee, WI 53202-3835WI2009-03$353,546
6A S P E N Rhoads Research Foundation Inc8630 Fenton Street, Silver Spring, MD 20910-3806MD2007-09$299,514
7Norton Simon Research Foundation650 Charles E Young Dr S 23-120chs, Los Angeles, CA 90095-0001CA2002-09$69,494
8Becky Werner Foundation IncS95w32805 Hickorywood Trl, Mukwonago, WI 53149-8667WI2006-04$38,412
9Beaumont Hospital International Foundation Ltd555 Fifth Ave 10th Flr, New York, NY 10017-2416NY2001-11$0
10Cockayne Syndrome-Stacie & Luke Shattuck Foundation2455 Triplett Blvd, Akron, OH 44312-2453OH2002-05$0
11Pats Memorial Research Fund2101 Yarrow St, Wenatchee, WA 98801WA2003-02$0
Number of organizations performing similar types of work
California2
Maryland1
North Dakota1
New York1
Ohio1
Pennsylvania1
Texas1
Washington1
Wisconsin2
Total11

NonProfitFacts.com is not associated with, endorsed by, or sponsored by John Sealy Mem Endowmnt Fund For Biomed Res Utmb and has no official or unofficial affiliation with John Sealy Mem Endowmnt Fund For Biomed Res Utmb