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CHARITY REVIEW
Issued: October 2024 Expires: October 2026

Texas Medical Center

Accredited Charity
Accredited Charity

Meets Standards
(713) 791-6104
2450 Holcombe Blvd Ste 1
Houston, TX, 77021-2040
http://www.texasmedicalcenter.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Texas Medical Center meets the 20 Standards for Charity Accountability.

Stated Purpose:
Mission:
"To promote the highest quality health status for all people by assisting member institutions to achieve individual and collective goals of the highest possible standards of patient and preventive care, of research and education, and of local, national, and international community well-being."

Year, State Incorporated:
1945, TX

Also Known As:
Texas Medical Center, Contract Parking

The Texas Medical Center maintains and operates the following program activities: Parking Operations, Commons Maintenance and Security Services, Leasing Operations, and Food Services. Parking Operations: maintenance, security, and shuttle services for parking facilities within the Texas Medical Center campuses. Services are available to more than 125,000 people each day. Commons Maintenance and Security Services: providing maintenance, grounds keeping, and security to the streets, sidewalks, paths, parkways, esplanades, and other areas which are of general benefit to all the member institutions. Leasing Operations: leasing of tenant improvement space in Texas Medical Center's approximately 600,000 and 68,000 sq. foot facilities for use by member institutions as offices, laboratories, and similar facilities in support of healthcare, research, and education. Food services: providing a multi-choice food court, cafe, and Italian restaurant for the convenience of Texas Medical Center visitors and employees. Texas Medical Center has approximately 7.2 million annual patient visits.

For the year ended December 31, 2023, Texas Medical Center's program expenses were:

Total Program Services $94,512
Total Program Expenses $94,512

Chair's Profession / Business Affiliation
Not disclosed

Board Size
15

Paid Staff Size
351

% of Related Contributions on Fundraising: 54.10%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Texas Medical Center's audited financial statements - consolidated for the year ended December 31, 2023.

Source of Funds
Parking $78,186
Net investment income $43,145
Leasing $19,682
Common assessments and other program services $5,935
Police services $4,852
Food Services $2,825
Grants revenue $2,121
Contributions revenue $905
Fundraising revenue $169
Total other gains (losses) $-28
Other income $-649
Total Income $157,143

Programs: 94% Fundraising: 1% Administrative: 5%

Total Income $157,143
Total expenses: $100,543
  Program expenses $94,512
  Fundraising expenses $581
  Administrative expenses $5,450
  Other expenses $0
Income in Excess of Expenses $56,600
Beginning Net Assets $551,857
Other Changes In Net Assets $0
Ending Net Assets $608,457
Total Liabilities $356,344
Total Assets $964,801

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB of Greater Houston and South Texas