Medical Center of the Americas Foundation
Medical Center of the Americas Foundation
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About this organization
Mission
THE PURPOSE OR PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: (1) TO ENCOURAGE AND ASSIST IN THE ESTABLISHMENT OF A MEDICAL CENTER IN EL PASO, TEXAS; (2) TO FACILITATE AND PROMOTE MEDICAL RESEARCH AND EDUCATION TO ADDRESS HEALTH ISSUES IMPACTING THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; (3) TO MAKE GRANTS, LOANS OR OTHER DISTRIBUTIONS TO QUALIFIED ORGANIZATIONS OR INDIVIDUALS EXCLUSIVELY TO ADDRESS THE HEALTH NEEDS OF THE GENERAL POPULATION OF THE GREATER EL PASO, TEXAS GEOGRAPHIC AREA; (4) TO PERFORM SUCH OTHER SERVICES, ACTIVITIES AND FUNCTIONS AS MAY BE PERMITTED TO CORPORATIONS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"); AND (5) AT ALL TIMES AND WITHIN SUCH PURPOSES, TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE.
About
THIS PROGRAM CONSISTS OF ACTIVITIES DIRECTED TO THE DEVELOPMENT OF PHYSICAL INFRASTRUCTURE NEEDED TO SUPPORT THE BIOMEDICAL CLUSTER BY ESTABLISHING THE REGION'S FIRST BIOMEDICAL AND HEALTHCARE RESEARCH PARK, BEGINNING WITH ITS ANCHOR BUILDING, THE CARDWELL COLLABORATIVE, AS WELL AS PROVIDING FUNDING FOR THE CONSTRUCTION OF TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER GAYLE GREVE HUNT SCHOOL OF NURSING BUILDING. THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH THE GOVERNMENTAL INSTRUMENTALITIES, TEXAS TECH HEALTH SCIENCES CENTER AND THE TEXAS TECH UNIVERSITY SYSTEM, WHEREBY THE ORGANIZATION WILL PROVIDE FUNDING FOR THE CONSTRUCTION OF BUILDING IMPROVEMENTS FOR THE GAYLE GREVE HUNT SCHOOL OF NURSING TO BE OPERATED BY TEXAS TECH. THE GRANT DERIVES FROM THE IMPACT FUND AWARD TO THE ORGANIZATION MADE BY THE CITY OF EL PASO AS DESCRIBED IN LINE 4A ABOVE.
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “The purpose or purposes for which the corporation is organized are as follows: (1) to encourage and assist in the establishment of a medical center in el paso, texas; (2) to facilitate and promote medical research and education to address health issues impacting the greater el paso, texas geographic area; (3) to make grants, loans or other distributions to qualified organizations or individuals exclusively to address the health needs of the general population of the greater el paso, texas geographic area; (4) to perform such other services, activities and functions as may be permitted to corporations exempt from tax under section 501(c)(3) of the internal revenue code of 1986 (the "code"); and (5) at all times and within such purposes, to operate exclusively for charitable, educational and scientific purposes, within the meaning of section 501(c)(3) of the code.”.
When discussing its operations, they were defined as: “The purpose or purposes for which the corporation is organized are as follows: (1) to encourage and assist in the establishment of a medical center in el paso, texas; (2) to facilitate and promote medical research and education to address health issues impacting the greater el paso, texas geographic area; (3) to make grants, loans or other distributions to qualified organizations or individuals exclusively to address the health needs of the general population of the greater el paso, texas geographic area; (4) to perform such other services, activities and functions as may be permitted to corporations exempt from tax under section 501(c)(3) of the internal revenue code of 1986 (the "code"); and (5) at all times and within such purposes, to operate exclusively for charitable, educational, and scientific purposes, within the meaning of section 501(c)(3) of the code.”.
- The state where the non-profit operates has been legally reported as TX.
- The filing indicates that the non-profit's address in 2020 is located at 5130 GATEWAY EAST, EL PASO, TX, 79905.
- The non-profit has reported 22 employees on their form as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$257,740.
- The organization has 15 independent voting members.
- The organization was formed in 2006.
- The organization pays $1,399,326 in salary, compensation, and benefits to its employees.
- The organization pays $6,111 in fundraising expenses.
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