TX 501(c)(3)

MEDICAL CENTER OF THE AMERICASFOUNDATION

EL PASO, TX Founded 2007 EIN 208314979
E11: Health Care $3,612,940 budget Filed 2024 80% data quality

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.

Total received from foundations
$466K
10 grants from 5 funders · 2016–2023
Annual revenue
$4,889,303
Annual expenses
$3,612,940
Total assets
$17,211,150
Months of operating reserves
57.2
assets / monthly burn
Funding history · IRS 990-PF public records

Who funds MEDICAL CENTER OF THE AMERICASFOUNDATION

$466K
Total received
5
Distinct funders
10
Grants on record
2016–2023
Span of records

Top funders by cumulative giving

  1. 1
    El Paso, TX · 3 grants · last 2021
    $311K
    cumulative
  2. 2
    Oakland, CA · 1 grant · last 2020
    $75K
    cumulative
  3. 3
    Harrison, NY · 3 grants · last 2018
    $60K
    cumulative
  4. 4
    San Francisco, CA · 1 grant · last 2021
    $20K
    cumulative
  5. 5
    Minneapolis, MN · 2 grants · last 2023
    $157
    cumulative

Where the money came from (United States)

Texas counties the money came from

1 TX counties with funders on record
  1. 1 El Paso 3 grants · $311K
For grant reviewers

Filing and contact details

Officer
EDWARD ESCUDERO
BOARD MEMBER
Contact email
Last 990 filed
2024
most recent IRS filing
Year founded
2007
IRS ruling year
EIN
208314979
NTEE classification
E11
Health Care
From Form 990

Programs and activities

THIS PROGRAM CONSISTS OF ACTIVITIES DESIGNED TO IMPROVE THE TRANSLATIONAL RESEARCH BUSINESS MODEL AND SPUR REGIONAL ECONOMIC GROWTH BY LAUNCHING NEW STARTUP COMPANIES TO ADVANCE AND COMMERCIALIZE COMMERCIALLY VIABLE INVENTIONS FROM REGIONALLY-RELEVANT INTELLECTUAL PROPERTY AND PROVIDING A REGIONAL ECONOMIC ENGINE TO POSITION THE REGION AS A HUB OF EXCELLENCE FOR GLOBAL HEALTHCARE INNOVATION AS WELL AS BRINGING SOLUTIONS TO THE REGION'S HEALTH CHALLENGES AND ELEVATING THE QUALITY OF HEALTHCARE FOR ITS RESIDENTS WITH POTENTIALLY ADVANCED LIFE-SAVING OR LIFE-IMPROVING TECHNOLOGY.
Data provenance

About this profile

Built from the IRS Business Master File, Form 990 and 990-EZ filings, and public website enrichment. Funding history is derived from IRS Form 990-PF Schedule I grant records for private foundations. Data accuracy depends on how recently the organization filed. The data-quality score reflects how many fields are populated.

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