Overview
What is Physicians Benevolent Fund?
The Physicians Benevolent Fund is a charitable organization based in Austin, Texas. Its primary mission is to support indigent or destitute physicians and their families, demonstrating a commitment to bettering the lives of medical professionals in need. In 2022, they provided assistance to eight such individuals, amounting to $85,808. The organization's activities include investing funds, conducting research in geriatrics, and offering aid and support to maimed, crippled, aged, sick, infirm, indigent, or destitute Texas physicians and their families. They achieve this by donating directly to individuals or supporting projects that provide physical aid, comfort, and assistance. The Physicians Benevolent Fund's purpose is to contribute to mankind's betterment through their charitable, benevolent, and scientific endeavors.
Official website here: www.texmed.org
Is Physicians Benevolent Fund legitimate?
Physicians Benevolent Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Physicians Benevolent Fund 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: $149,553
For more financial information, click here
Official website here: www.texmed.org
What is the mission statement of Physicians Benevolent Fund?
The Physicians Benevolent Fund is established with the purpose of accumulating funds and resources for charitable, benevolent, and scientific causes. One of its primary objectives is to conduct research in the field of geriatrics. Another crucial mission is to provide rehabilitation support for financially struggling Texas physicians and their families. Additionally, the fund aids and supports various projects and endeavors that aim to offer physical aid, comfort, support, or assistance to impaired, aged, sick, infirm, indigent, or destitute physicians and their families. It also contributes to such individuals directly, all with the aim of benefiting humanity as a whole.
Official website here: www.texmed.org
Who is the CEO of Physicians Benevolent Fund?
Michael Darrouzet is the Pres(22-23)/Pres-Elect(21-22) of Physicians Benevolent Fund. The CEO's salary of Physicians Benevolent Fund is $0 and their total compensation is $671,763.
Official website here: www.texmed.org
What is the revenue of Physicians Benevolent Fund?
Physicians Benevolent Fund's revenue in 2022 was $361,532.
Official website here: www.texmed.org
Who are the executives of Physicians Benevolent Fund and what are their salaries?
There 25 volunteers at Physicians Benevolent Fund.
Here are 24 key members and their salaries (Physicians Benevolent Fund'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 Physicians Benevolent Fund?
Physicians Benevolent Fund'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 Physicians Benevolent Fund
The Physicians Benevolent Fund is established with the purpose of collecting, safeguarding, and investing funds for charitable, benevolent, and scientific purposes. Its mission extends to various areas, including conducting research in geriatrics, rehabilitating destitute Texas physicians and their families, and aiding projects or endeavors that provide assistance to impaired, aged, sick, indigent, or destitute Texas physicians and their families. The organization's primary objective is to contribute to the betterment of mankind by offering physical aid, comfort, support, or assistance to those in need, either directly or through projects or endeavors. The Physicians Benevolent Fund's activities encompass a wide range of charitable pursuits, all aimed at supporting and uplifting the medical community.
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Impact
October, 2024
The Physicians Benevolent Fund has made a significant impact on the lives of Texas physicians and their families who are in desperate need of assistance. By focusing on charitable, benevolent, and scientific purposes, the Fund plays a critical role in supporting those who are destitute or facing severe hardships.
In 2022 alone, it provided $85,808 in aid to eight participants, directly addressing the urgent needs of individuals facing physical, financial, and emotional challenges. This support is not limited to financial aid but extends to rehabilitation efforts and projects aimed at improving the welfare of aged, sick, and infirm physicians.
Additionally, the organization's commitment to research in the field of geriatrics highlights a proactive approach to understanding and improving health outcomes for older adults. By accumulating and investing resources, the Physicians Benevolent Fund ensures that assistance is not only immediate but sustainable, thereby fostering a brighter future for those it serves. Through these efforts, it elevates the well-being of the medical community in Texas, ultimately contributing to the betterment of society as a whole.
This information is meant to be a general summary of Physicians Benevolent Fund. 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: $196,557
- Program Service Revenue: $17,776
- Gross Receipts: $1,144,476
Assets and Liabilities:
- Total Assets: $4,943,563
- Total Liabilities: $75,000
- Net Assets: $4,868,563
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL MANUALS
Revenue
$14,980
EDUCATIONAL PROGRAMS
Revenue
$2,796
Organization Details
Founding Year
1963
Phone
(512) 370-1490Principal Officer
Michael Darrouzet
Main Address
401 WEST 15TH STREET 100, AUSTIN, TX, 787011680
Website
www.texmed.orgNTEE Category
Code: E00J - Health
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