2019-11-05T07:05:07-06:00 2018-12-31 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2018-01-01 741030788 TEXAS MEDICAL CENTER % DENISE CASTILLO-RHODES TEXA 7137916104 2450 HOLCOMBE BLVD Suite SUITE 1 HOUSTON TX 770212040 DENISE CASTILLO-RHODES EVP, CFO 7137916104 2019-11-04 true ERIC M MCNEIL P00460263 2673303000 167.68.125.77 23522320193095000002 2019-11-05 P F183AF5DBDACF6534E2C9326A9C1AF8BE2F0F4B3 7C276736B1F8534619D83B6F2AADECD8007A5E58 2018 2020-03-31 21:24:44Z WILLIAM MCKEON 2450 HOLCOMBE BLVD HOUSTON TX 770212040 350974979 false X www.tmc.edu X 1945 TX see schedule o 16 15 199 0 721624 0 0 89338675 89032888 8247950 18956917 13646 476206 97600271 108466011 91000 84936 0 0 18142769 11582214 0 0 0 56365285 54480277 74599054 66147427 23001217 42318584 464148148 467188780 138048989 125259561 326099159 341929219 X SEE SCHEDULE O false false 3824414 84926 535307 SEE SCHEDULE O 49028421 0 80955481 SEE SCHEDULE O 5937755 0 3788579 SEE SCHEDULE 0 58790590 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TUBERCULOSIS, CONGENITAL CARDIOVASCULAR DISEASE EDUCATION AND RESEARCH, A LECTURE SERIES ON MEDICAL ETHICS AND FOR GENERAL PURPOSES, INCLUDING EXPENSES TO IMPLEMENT NEW COOPERATIVE PROJECTS INVOLVING SEVERAL INSTITUTIONS FOR THE BENEFIT OF THE MEDICAL CENTER AS A WHOLE. UNCERTAIN TAX POSITIONS FORM 990, SCHEDULE D, PART X, Line 2 As of December 31, 2018 AND 2017, the Texas Medical Center has no material liabilities related to uncertain tax positions. RECONCILIATION OF REVENUE FORM FORM 990, SCHEDULE D, PART XI, LINE 4B LOSS ON SALE/DISPOSAL OF ASSETS -551,577 true THE UNIVERSITY OF TEXAS HEALTH SCIENCE CTR 7000 FANNIN HOUSTON TX 77030 741761309 60000 RESEARCH, EDUCATION, AND CLINCIAL CARE TIRR FOUNDATION 4605 POST OAK PLACE HOUSTON TX 77027 760183388 501(c)(3) 10000 GENERAL SUPPORT OF ON-GOING PROGRAMS 2 PROCEDURE FOR MONITORING USE OF GRANT FUNDS IN THE U.S. FORM 990, SCHEDULE I, PART I, LINE 2 Grant Activity is monitored by tracking the expenditures in a separate cost center for Grants. An excel spreadsheet is maintained for each grant, showing the budget, the expenditures to date, the reimbursement received from the grant funds and, any remaining balance of the grant. ADDITIONALLY, GRANT RECIPIENTS ARE ASKED TO FILE ANNUAL REPORTS WITH TEXAS MEDICAL CENTER DISCUSSING THE USE OF THE GRANT FUNDS. X X X X X true false false false false false false false false DENISE CASTILLO-RHODES EXECUTIVE VP & CFO 459000 0 45900 0 67719 0 27500 0 0 0 600119 0 0 0 SHAWN W CLOONAN EXECUTIVE VP & COO 612000 0 183600 0 72496 0 27500 0 38674 0 934270 0 0 0 WILLIAM MCKEON PRESIDENT 1224000 0 367200 0 186921 0 27500 0 38674 0 1844295 0 0 0 CHRISTEN DAVID BAGLEY VP, CORPORATE COMMUNICATIONS 88735 0 0 0 87122 0 7961 0 30900 0 214718 0 0 0 ABBEY ROBERSON VP, PLANNING 183846 0 18385 0 13517 0 21196 0 23903 0 260847 0 0 0 JUDITH GERSH CONTROLLER 178333 0 46367 0 5466 0 20698 0 182 0 251046 0 0 0 SANTOS A GONZALEZ-HINOJOSA VP, LEGAL AFFAIRS 229500 0 64260 0 10600 0 27500 0 42295 0 374155 0 0 0 ASHLEY MCPHAIL DIRECTOR, STRATEGY 173400 0 52020 0 2252 0 22875 0 11859 0 262406 0 0 0 MICHAEL D HENRY CHIEF OF POLICE 178500 0 26775 0 3771 0 19800 0 213 0 229059 0 0 0 LAWRENCE J JONES DIRECTOR, FINANCE 173874 0 12171 0 -2957 0 18939 0 41323 0 243350 0 0 0 JAMES LOGGINS CAPITAL PROJECTS MANAGER 126072 0 22693 0 -337 0 14182 0 22932 0 185542 0 0 0 SCHEDULE J, PART I, LINE 4A CHRISTEN DAVID BAGLEY RECEIVED A SEVERANCE PAYMENT OF $81,510 A HARRIS COUNTY CULT EDUC FACIL FIN COR 2008A 760337885 414010AE8 2008-12-01 55700000 REFUND PRIOR ISSUE 04/19/2006 false false false B HARRIS COUNTY CULTURAL EDU FACIL FIN CORP 2008B 760337885 414010AA6 2008-10-22 120000000 REFUND PRIOR ISSUES false false false C HARRIS COUNTY CULTURAL EDU FACIL FIN CORP 2009A 760337885 414010AS7 2009-04-09 54480408 REFUND PRIOR ISSUES false false false A 34465000 0 55700000 0 0 0 0 0 0 0 55700000 0 2008 true false true true B 84490000 0 120000000 0 0 0 0 0 0 0 120000000 0 2008 true false true true C 22310000 0 54480408 5500000 0 0 0 408 0 0 48980408 0 2009 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false false false true true false 0 false 0 false true B false false false true true true JP MORGAN CHASE false true false 0 false true C false false false true false false 0 false 0 false true A true B true C true FORM 990, SCHEDULE K, PART II, LINE 7 TEXAS MEDICAL CENTER PAID ISSUANCE COSTS OUT OF ITS OWN FUNDS. FORM 990, SCHEDULE K, PART III THE PROJECTS COVERED BY THESE BONDS HAVE NO PRIVATE BUSINESS USE. FORM 990, SCHEDULE K, PART IV, LINE 2C THE ARBITRAGE CALCULATIONS FOR SERIES 2008A AND 2008B WERE PERFORMED IN AUGUST 2018. THE ARBITRAGE CALCULATION FOR SERIES 2009A WERE PERFORMED ON OCTOBER 17, 2013. FORM 990, SCHEDULE K, PART IV, LINE 4C, COLUMN (B) THERE WERE TWO HEDGES WITH JP MORGAN CHASE FOR THESE BONDS. THE HEDGE TERMS ARE OVER 14 YEARS AND 30 YEARS. FORM 990, SCHDULE K, PART IV, LINE 4E, COLUMN (B) THERE WERE TWO HEDGES WITH JP MORGAN CHASE FOR THESE BONDS. ONE HEDGE WAS TERMINATED IN NOVEMBER 2013. THE OTHER HEDGE TERMINATES IN 2031. MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 THE MISSION OF THE TEXAS MEDICAL CENTER ("TMC") IS TO PROMOTE THE HIGHEST QUALITY HEALTH STATUS FOR ALL PEOPLE BY ASSISTING INSTITUTIONS OF THE TEXAS MEDICAL CENTER 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. PROGRAM SERVICE ACTIVITY #1 FORM 990, PART III, LINE 4A MULTI-INSTITUTIONAL COLLABORATION- BECOME THE WORLD LEADER IN HEALTH AND LIFE SCIENCES BY LEVERAGING AND PROMOTING THE COLLECTIVE POWER OF TMCS RENOWNED INSTITUTIONS, STRATEGIC PARTNERSHIPS AND COUNCILS TO SERVE THE HEALTH, EDUCATION AND RESEARCH NEEDS OF TEXAS AND THE WORLD. PROGRAM SERVICE ACTIVITY #2 FORM 990, PART III, LINE 4B BUSINESS SERVICES- PROVIDES SERVICES, SUCH AS PARKING, HOSPITALITY, LEASING, AND SECURITY, TO TMC MEMBER INSTITUTIONS, EMPLOYEES, VISITORS AND THE COMMUNITY. PROGRAM SERVICE ACTIVITY #3 FORM 990, PART III, LINE 4C CAMPUS- DEVELOPMENT OF OUR LAND AND CAMPUS FOR INSTITUTIONAL PLANS AND URBAN PLANNING TO PROMOTE AND PROVIDE SUPPORT AND POLICE SECURITY FOR OUR MEMBER INSTITUTES, PATIENTS AND VISITORS. MAINTAINS THE INFRASTRUCTURE FOR THE SHARED, CENTRALLY MANAGED CAMPUS, PROVIDING MAINTENANCE FOR ITS STREETS, SIDEWALKS, GREEN SPACE, AND SHARED COMMONS SPACE. FAMILY/BUSINESS RELATIONSHIPS WITH OFFICERS, DIRECTORS, TRUSTEES FORM 990, PART VI, SECTION A, LINE 2 MR. ANDREW M. ALEXANDER, MR. ROBERT J. CRUIKSHANK AND MS. JANIECE LONGORIA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION A, LINE 11, 990 REVIEW PROCESS THE PREPARER REVIEWS THE FORM 990 WITH THE CFO. THE FORM 990 IS DISTRIBUTED TO AND REVIEWED BY THE AUDIT COMMITTEE. THE FINAL 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING. SECTION B, LINE 12C - CONFLICT OF INTEREST COMPLIANCE CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY THE BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES. THE STATEMENTS ARE REVIEWED BY THE LEGAL DEPARTMENT. IF A CONFLICT WERE TO ARISE, THE BOARD MEMBER WOULD BE REQUIRED TO DISMISS HIMSELF/HERSELF FROM ANY DISCUSSIONS OR DECISIONS REGARDING THE AREA OF CONFLICT. SECTION B, LINE 15 - COMPENSATION APPROVAL IN 2017, TEXAS MEDICAL CENTER'S PRESIDENT & CEO, CHIEF OPERATING OFFICER AND EXECUTIVE VICE PRESIDENT/CHIEF FINANCIAL OFFICER'S COMPENSATION WAS ANALYZED BY AN INDEPENDENT COMPENSATION CONSULTANT WHICH USED COMPARABILITY DATA TO ASSESS COMPENSATION FOR THESE INDIVIDUALS. COMPENSATION FOR OTHER VICE PRESIDENTS WAS REVIEWED. THE TOTAL COMPENSATION BUDGET IS ACCEPTED BY THE COMPENSATION COMMITTEE AND RATIFIED BY THE BOARD OF DIRECTORS. SECTION C, LINE 19 - PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS TEXAS MEDICAL CENTERS'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, RECONCILIATION OF NET ASSETS LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES OTHER CHANGES IN NET ASSETS $(3,450,583) TMC HEATING AND COOLING SERVICES CORP 1615 BRAESWOOD PARK DR HOUSTON TX 77030 943425643 THERMAL SVCS TX 501(C)(3) 12A TYPE I NA false TEXAS MEDICAL CENTER FOUNDATION 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 472836992 SUPPORT TMC TX 501(C)(3) 12A TYPE I TMC true TEXAS MEDICAL CENTER VENTURE FUND 2450 HOLCOMBE BLVD SUITE 1 HOUSTON TX 77021 823136541 SUPPORT TMC TX 501(C)(3) 12A TYPE 1 TMC true false false false false false false false false false false false true true false true false false true false TEXAS MEDICAL CENTER FOUNDATION R 6889096 FMV TEXAS MEDICAL CENTURE VENTURE FUND R 3404407 FMV