The purpose for which IT is formed is to receive and hold in trust, safely keep and invest, money and other real and personal property and accumulate revenue and income therefrom, for the use and benefit of charitable, Benevolent, and scientific purposes, included but not limited to (1) the research in the field of geriatrics, (2) the rehabilitation of destitute texas Physicians and their families, (3) the aiding, supporting, maintaining and assisting by gift, donation or otherwise, projects or endeavors, whether incorporated or unincorporated, whose objects or purposes are to give physical aid, comfort, support or assistance to maimed, crippled, aged, sick, infirm, indigent or destitute texas Physicians and their families, or to aid, support, maintain, assist, give or donate to such individuals directly, all for the betterment of mankind, and for purposes incidental thereto.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $54K a year · 12% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Plus $5.2M in investments, Pt X · Ln 11–13
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$485K
-13% vs prior year
Spent
$543K
To programs
63%
Net assets
$5.4M
By yearFY2020–FY2024
Revenue
$485K
FY2024▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$498K
FY2022$362K
FY2023$560K
FY2024$485K
Expenses
$543K
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$401K
FY2021$440K
FY2022$531K
FY2023$574K
FY2024$543K
Net assets
$5.4M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.5M
FY2021$6.0M
FY2022$4.9M
FY2023$5.2M
FY2024$5.4M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $343K Management & general 36% · $193K Fundraising 1% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990.

Part VII, Section A · reportable compensation
Pres(24-25)/Pres-Elect(23-24)
$0Pt VII · Sec A
Pres(23-24)/Immed Past Pres(24-25)
$0Pt VII · Sec A
Immed Past Pres(23-24)
$0Pt VII · Sec A
Pres-Elect(24-25)/Secretary(23-24)
$0Pt VII · Sec A
Chair (24-25)/Vice Chair (23-24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Speaker of the House
$0Pt VII · Sec A
See Physicians Benevolent Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Invests funds and property to support medical research and aid needy Texans.

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Provided by the organization

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2 programs · $343K · in their own filed words · FY2024
01

Assist indigent or destitute physicians or their families. In 2024, $86,444 was paid TO/FOR 6 participants.

$191Kprogram expense
02

Provide health wellness education and services to physicians.

$152Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$3K
Grants paid · 5 grants · $474K · 2020–2024
Unitemized GrantFY2024$86,444
Unitemized GrantFY2023$83,648
Unitemized GrantFY2022$85,808
Unitemized GrantFY2021$106,398
Unitemized GrantFY2020$111,701

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$485K
Ln 12
Investment incomeLn 3$308K
Gifts and grantsLn 1h$160K
Fees for servicesLn 2g$17K
Money outPt IX
$543K
Ln 25
Programscol B$343K
Managementcol C$193K
Fundraisingcol D$7K
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$233K
Total assetsLn 16$5.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$160K
Fees for servicesLn 2g$17K
Investment incomeLn 3$308K
Gains on assetsLn 7$173K
Total revenueLn 12$485K
Assets in detailPt X, end of year
SavingsLn 2$233K
Cash and savings togetherLn 1–2$233K
InvestmentsLn 11–13$5.2M
Total assetsLn 16$5.4M
LiabilitiesLn 26$0
Net assetsLn 32$5.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$320K$233K
InvestmentsLn 11–13$4.9M$5.2M
Total assetsLn 16$5.2M$5.4M
LiabilitiesLn 26$45K$0
Net assetsLn 32$5.2M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$86K$86K
Other salaries and wagesLn 7$160K$160K
Pension plan contributionsLn 8$22K$22K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$13K$13K
Management feesLn 11a$115K$115K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$20K$20K
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$25K$25K
Information technologyLn 14$67K$42K$26K
TravelLn 17$387$387
Conferences, conventions and meetingsLn 19$4K$4K
Total functional expensesLn 25$543K$343K$193K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $485K$543K−$58K$5.4M 990 PDF
FY2023 $560K$574K−$14K$5.2M 990 PDF
FY2022 $362K$531K−$170K$4.9M 990 PDF
FY2021 $498K$440K$58K$6.0M 990 PDF
FY2020 $315K$401K−$87K$5.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $485,235 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $212,124$160,191
I-9 Program service revenuePrior year $21,150$16,823
I-10 Investment incomePrior year $326,413$308,221
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $559,687$485,235
I-13 Grants and similar amounts paidPrior year $83,648$86,444
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $195,247$206,269
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $294,985$250,461
I-18 Total expensesPrior year $573,880$543,174
I-19 Revenue less expensesPrior year −$14,193−$57,939
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $485,235 across 7 lines filed
VIII-1d Related organizations$1,000
VIII-1f All other contributions, gifts and grants$159,191
VIII-1h Total contributions, gifts and grants$160,191
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,823$16,823
VIII-3 Investment incomeExcluded from tax $135,082$135,082
VIII-7 Net gain or loss on sales of assetsExcluded from tax $173,139$173,139
VIII-12 Total revenueRelated to mission $16,823 · Unrelated business $0 · Excluded from tax $308,221$485,235
Part IX · Statement of functional expenses $543,174 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $86,444$86,444
IX-7 Other salaries and wagesPrograms $160,045$160,045
IX-8 Pension plan contributionsPrograms $22,126$22,126
IX-9 Other employee benefitsPrograms $11,205$11,205
IX-10 Payroll taxesPrograms $12,893$12,893
IX-11a Management feesManagement $115,314$115,314
IX-11c Accounting feesManagement $3,174$3,174
IX-11f Investment management feesManagement $19,873$19,873
IX-11g Other fees for servicesPrograms $8,601$8,601
IX-12 Advertising and promotionFundraising $6,790$6,790
IX-13 Office expensesManagement $24,827$24,827
IX-14 Information technologyPrograms $41,667 · Management $25,539$67,206
IX-17 TravelManagement $387$387
IX-19 Conferences, conventions and meetingsManagement $4,289$4,289
IX-25 Total functional expensesPrograms $342,981 · Management $193,403 · Fundraising $6,790$543,174
Part X · Balance sheet $5,435,650 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $320,414$233,110
X-4 Accounts receivableStart of year $11,561$11,170
X-9 Prepaid expenses and deferred chargesStart of year $30,100$30,833
X-11 Publicly traded securitiesStart of year $4,883,887$5,160,537
X-16 Total assetsStart of year $5,245,962$5,435,650
X-19 Deferred revenueStart of year $44,674$0
X-26 Total liabilitiesStart of year $44,674$0
X-27 Net assets without donor restrictionsStart of year $5,201,288$5,435,650
X-32 Total net assets or fund balancesStart of year $5,201,288$5,435,650
X-33 Total liabilities and net assetsStart of year $5,245,962$5,435,650
Part XI · Reconciliation of net assets $5,435,650 net assets at year end
XI-1 Total revenue$485,235
XI-2 Total expenses$543,174
XI-3 Revenue less expenses−$57,939
XI-4 Net assets at start of year$5,201,288
XI-5 Net unrealized gains (losses) on investments$292,301
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,435,650

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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