Overview
What is May Owen Irrevocable Trust?
May Owen Irrevocable Trust is a charitable organization based in Austin, Texas, with an address at 401 West 15th Street 100. Its primary mission is to provide financial aid to qualified medical students who demonstrate a need for financial assistance. In 2022, the trust disbursed loans totaling $147,500 to 30 medical residents and students. This nonprofit organization aims to support the education and future careers of medical professionals, contributing to the healthcare sector and community at large.
Official website here: www.texmed.org
Is May Owen Irrevocable Trust legitimate?
May Owen Irrevocable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. May Owen Irrevocable Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,665
For more financial information, click here
Official website here: www.texmed.org
What is the mission statement of May Owen Irrevocable Trust?
The May Owen Irrevocable Trust has a mission to provide loans to qualified medical students who demonstrate a financial need. This fund is committed to assisting future healthcare professionals in overcoming financial barriers during their studies. In 2022, the trust loaned $147,500 to 30 medical residents and students, underscoring its ongoing support for medical education. The primary objective of this trust is to help alleviate financial stress for those pursuing careers in medicine.
Official website here: www.texmed.org
Who is the CEO of May Owen Irrevocable Trust?
Michael Darrouzet is the Pres(22-23)/Pres-Elect(21-22) of May Owen Irrevocable Trust. The CEO's salary of May Owen Irrevocable Trust is $0 and their total compensation is $671,763.
Official website here: www.texmed.org
What is the revenue of May Owen Irrevocable Trust?
May Owen Irrevocable Trust's revenue in 2022 was $162,795.
Official website here: www.texmed.org
Who are the executives of May Owen Irrevocable Trust and what are their salaries?
There 25 volunteers at May Owen Irrevocable Trust.
Here are 24 key members and their salaries (May Owen Irrevocable Trust's CEO's salary is $0 and their total compensation is $671,763):
- Compensation: $0
- Related: $133,333
- Other: $0
- Compensation: $0
- Related: $66,667
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $4,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $6,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $629,216
- Other: $42,547
Official website here: www.texmed.org
Where can I find the form 990 for May Owen Irrevocable Trust?
May Owen Irrevocable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texmed.org
Learn more at the official website: www.texmed.org
Mission Statement of May Owen Irrevocable Trust
The May Owen Irrevocable Trust is a mission-driven organization dedicated to providing financial assistance to qualified medical students who encounter financial hardships. The primary purpose of this trust is to loan money to these students, enabling them to continue their medical education without being burdened by financial constraints. In 2022, the trust extended loans totalling $147,500 to 30 medical residents and students, demonstrating its commitment to supporting the next generation of medical professionals. By offering financial aid, the May Owen Irrevocable Trust plays a crucial role in ensuring that deserving students can pursue their medical careers, ultimately contributing to the betterment of the healthcare sector and the community at large.
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Impact
October, 2024
The May Owen Irrevocable Trust significantly impacts the education of medical students by providing financial assistance through loans to those who demonstrate financial need. In 2022 alone, the trust loaned $147,500 to 30 medical residents and students in Austin, Texas. This support enables aspiring medical professionals to pursue their education without the burden of financial constraints, ultimately contributing to a more diverse and well-equipped healthcare workforce. By alleviating some of the financial pressures associated with medical training, the trust plays a crucial role in ensuring that talented individuals can access the education necessary to excel in the medical field.
This information is meant to be a general summary of May Owen Irrevocable Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $118,039
- Program Service Revenue: $44,756
- Gross Receipts: $575,798
Assets and Liabilities:
- Total Assets: $4,349,225
- Total Liabilities: $0
- Net Assets: $4,349,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN INTEREST
Revenue
$44,756
Organization Details
Founding Year
1974
Phone
(512) 370-1490Principal Officer
Michael Darrouzet
Main Address
401 WEST 15TH STREET 100, AUSTIN, TX, 787011680
Website
www.texmed.orgNTEE Category
Code: B82 - Education
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