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Texas Medical Center Venture Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823136541 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Texas Medical Center Venture Fund?

Texas Medical Center Venture Fund is a nonprofit organization situated in Houston, Texas, dedicated to supporting a prominent health care organization within the Texas Medical Center. Their primary goal is to provide assistance to this institution, ensuring its continued growth and success. The organization's activities are centered around this mission, thereby enhancing the overall capabilities of the Texas Medical Center.

Is Texas Medical Center Venture Fund legitimate?

Texas Medical Center Venture Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Medical Center Venture 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: $248,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Texas Medical Center Venture Fund?

The Texas Medical Center Venture Fund is an organization that aims to support a health care institution. In its mission, it seeks to bolster the operations and growth of this institution, without providing specific details about the nature of the support or the goals of the health care organization itself. The Venture Fund's role is to provide essential backing, but the objectives and objectives of the supported institution remain unclear from the provided information.

Who is the CEO of Texas Medical Center Venture Fund?

William Mckeon is the President of Texas Medical Center Venture Fund.

What is the revenue of Texas Medical Center Venture Fund?

Texas Medical Center Venture Fund's revenue in 2022 was $706,960.

Who are the executives of Texas Medical Center Venture Fund and what are their salaries?

The average compensation at Texas Medical Center Venture Fund during 2022 was $248,902. There is 1 employee at Texas Medical Center Venture Fund.


Here are 7 key members and their salaries:


William Mckeon (President)
  • Compensation: $0
  • Related: $2,822,615
  • Other: $63,580
Denise Castillo-Rhodes (Treasurer)
  • Compensation: $0
  • Related: $738,121
  • Other: $30,500
Tatianna Yale (Director, Chief Inv. & Plan.)
  • Compensation: $0
  • Related: $668,060
  • Other: $63,580
John Reale (Director, Executive In Res.)
  • Compensation: $234,836
  • Related: $0
  • Other: $33,080
J Downey Bridgwater (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles W Hall (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernard Harris Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Texas Medical Center Venture Fund?

Texas Medical Center Venture Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Texas Medical Center Venture Fund

The Texas Medical Center Venture Fund is an organization devoted to supporting a prominent health care institution. Its mission is to provide assistance to this organization, ensuring its continued success and growth. This support may take various forms, from financial aid to strategic guidance, all with the aim of strengthening the health care sector within the organization. By doing so, the Texas Medical Center Venture Fund contributes to the overall well-being and advancement of the health care field, ultimately benefiting the community it serves.

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Impact




October, 2024

The Texas Medical Center Venture Fund plays a pivotal role in advancing healthcare innovation and enhancing the capabilities of the Texas Medical Center in Houston, TX. By fostering the development of cutting-edge technologies and supporting promising healthcare startups, the fund drives transformative change in medical research and patient care practices. Its investments aim to strengthen the infrastructure of the Texas Medical Center, ultimately leading to improved health outcomes and the acceleration of groundbreaking treatments. Through strategic partnerships and funding initiatives, the Texas Medical Center Venture Fund cultivates a vibrant ecosystem that nurtures innovation and supports the healthcare community at large.




This information is meant to be a general summary of Texas Medical Center Venture 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.

Revenue
$706,960 (2022)
Expenses
$542,029 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $665,293
  • Gross Receipts: $774,131

Assets and Liabilities:

  • Total Assets: $34,050,049
  • Total Liabilities: $14,346,089
  • Net Assets: $19,703,960

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Organization Details

Founding Year

2017

Principal Officer

William Mckeon

Main Address

2450 HOLCOMBE BLVD Suite SUITE 1, HOUSTON, TX, 77021

NTEE Category

Code: E19 - Health

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