2025-01-23T07:35:32-06:00 2023-12-31 721088864 LAPORTE APAC 1770 ST JAMES PLACE SUITE 250 HOUSTON TX 770563432 990 2023-01-01 760637670 KELSEY RESEARCH FOUNDATION KELS 7134421214 5615 KIRBY DRIVE 660 HOUSTON TX 77005 ASHLEY ALEXANDER MHSA PRESIDENT AND CEO 7134421214 2025-01-23 1 0 JOHN S WILES CPA P01222673 7139638008 2025-01-22 2023 2024-10-15 13:58:12Z ASHLEY ALEXANDER MHSA 5615 KIRBY DR STE 660 HOUSTON TX 77005 14525945 0 X WWW.KELSEYRESEARCH.COM X 1956 TX KELSEY RESEARCH FOUNDATION WAS FOUNDED IN 1956 FOR THE PURPOSE OF (CONTINUED ON SCHEDULE O) ENCOURAGING AND ASSISTING RESEARCH AND EDUCATION PROGRAMS IN THE FIELD OF MEDICINE. 20 17 0 0 0 0 1316263 1051187 1161560 1753953 281978 777998 51447 64017 2811248 3647155 0 0 0 0 1742181 1974301 0 0 149297 677659 817189 2419840 2791490 391408 855665 9706530 10456386 617386 571300 9089144 9885086 KELSEY RESEARCH FOUNDATION WAS FOUNDED IN 1956 FOR THE PURPOSE OF ENCOURAGING AND ASSISTING RESEARCH AND EDUCATION PROGRAMS IN THE FIELD OF MEDICINE. 0 0 1138607 754973 GENERAL RESEARCH AND EDUCATION IN THE FIELD OF MEDICINE 757347 673655 PHARMACEUTICAL SPONSORED STUDIES 213948 325325 CRUMP CANCER BREAST-CANCER SCREENING, RESEARCH AND EDUCATION 2109902 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ASHLEY ALEXANDER MHSA 7134421214 5615 KIRBY DRIVE SUITE 660 HOUSTON TX 77005 ASHLEY ALEXANDER MHSA PRESIDENT AND CEO 50.00 X X 209409 0 25715 HERBERT L DUPONT MD CHIEF SCIENTIFIC OFF 20.00 X X 128038 0 3551 MICHAEL E NEWMARK MD MEDICAL DIRECTOR 4.00 X X 17908 0 1025 SPENCER BERTHELSEN MD MEMBER 0.25 X 0 0 0 JOHN WILSON KELSEY CHAIR,EMERITUS 0.25 X 0 0 0 ROBERT WIER KELSEY VICE CHAIRMAN 0.25 X X 0 0 0 TONY LIN MD MEMBER 0.25 X 0 0 0 JOHN N LYLE MEMBER 0.50 X 0 0 0 RON MILLARD MEMBER 0.25 X 0 0 0 AMANDA J MOUNT MEMBER 0.50 X 0 0 0 SHELLY MULANAX MEMBER 0.25 X 0 0 0 JONATHAN C NELSON MD CHAIR 0.50 X X 0 0 0 VICTOR SIMMS MD MEMBER 0.25 X 0 0 0 VICTORIA SMITH CHAIR, FINANCE COMMITTEE 0.50 X 0 0 0 NED SNYDER MD MEMBER 0.25 X 0 0 0 CHERISE CONLEY HARVEY MD MEMBER 0.25 X 0 0 0 JEFFREY PARSONS MEMBER 0.25 X 0 0 0 SUNIL PATEL MD MEMBER 0.25 X 0 0 0 KEITH WILLIAMS MEMBER 0.25 X 0 0 0 KATHERINE STACY MEMBER 0.25 X 0 0 0 TARA MCNEILL DIRECTOR OF DEVELOPM 40.00 X 147252 0 11922 JOHN VALENTA DIRECTOR OF RESEARCH 40.00 X 133614 0 11989 636221 0 54202 4 0 1 0 0 170000 881187 1051187 RESEARCH AND COLLABORATION 541700 1709060 1709060 COMMUNITY PROGRAMS 541700 28132 28132 FOUNDATION FEES 541700 16761 16761 1753953 266397 266397 11209503 10697902 511601 511601 511601 235228 170000 180888 54340 54340 9545 0 9545 9545 CLASS ACTION SETTLEMENT 999999 132 132 132 3647155 1753953 0 842015 X 385646 316939 44491 24216 1286013 1060997 144171 80845 180997 141980 27805 11212 121645 95489 18731 7425 36840 36840 394866 311572 69647 13647 31180 23190 2122 5868 116868 120 116748 20065 21244 -1179 9313 6600 2713 20062 14588 5474 RESEARCH PATIENT INCIDE 55937 55937 BANK FEES 41563 677 40565 321 DUES AND SUBSCRIPTIONS 34709 28133 2194 4382 AWARDS AND GIFTS 22905 15368 7283 254 32881 17068 14686 1127 2791490 2109902 532291 149297 953658 420896 590924 463208 1357 5455 15800 20234 136323 125534 397794 10789 7729190 9181097 17807 354707 9706530 10456386 166090 195349 379061 72235 375951 617386 571300 X 7562299 8410049 1526845 1475037 9089144 9885086 9706530 10456386 855665 -59723 0 X X 0 1 X 1 0 X 940799 1018156 1050031 1316263 1051187 5376436 940799 1018156 1050031 1316263 1051187 5376436 2510650 2865786 223154 175225 195565 281978 266397 1142319 306580 293254 441200 226561 252916 1520511 8039266 4815493 0.35650 0.51570 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2019 AMOUNT: $ 306,580. 2020 AMOUNT: $ 293,254. 2021 AMOUNT: $ 441,200. 2022 AMOUNT: $ 226,561. 2023 AMOUNT: $ 252,916. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5988635 754225 571025 34635 7279250 8806022 -867678 199252 9902 7729190 8438386 660177 253499 39042 8806022 8107210 604262 232301 40785 8438386 7424865 953298 241244 29709 8107210 1.00000 0.00000 0.00000 0 0 4872 4872 0 58922 48133 10789 72529 72529 0 10789 ACCRUED VACATION, PAYROLL, AND TAXES 61280 OPERATING LEASE LIABILITY 314671 375951 X 3768321 -59723 180888 121165 3647156 0 3647156 2972379 180888 180888 2791491 0 2791491 PART V, LINE 4: THE KELSEY RESEARCH FOUNDATION ENDOWMENT FUND IS A BOARD-DESIGNATED, UNRESTRICTED FUND THAT IS INTENDED FOR INVESTMENT TO SUPPORT THE MISSION-BASED OPERATIONS AND PROGRAMS OF THE FOUNDATION. THE FOUNDATION ALSO MAINTAINS A BOARD-DESIGNATED, UNRESTRICTED INVESTMENT FUND, AND THE INTENTION IS FOR THIS FUND AND ITS INCOME AND EARNINGS TO SUPPORT THE FOUNDATION'S CURRENT RESEARCH PRIORITIES AND PROGRAMS, WHICH IS CURRENTLY MICROBIOME-FOCUSED RESEARCH. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN THE OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: OTHER DIRECT FUNDRASING EXPENSES 180,888. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER DIRECT FUNDRAISING EXPENSES 180,888. FORM 990, SCHEDULE D, PART V, LINE 1A THE CURRENT YEAR ENDOWMENT FUND ACTIVITY BEGINNING BALANCE HAS BEEN RESTATED TO PROPERLY REFLECT ONLY THOSE AMOUNTS IN THE INVESTMENT PORTFOLIO THAT ARE ENDOWED. PRIOR YEAR AMOUNTS CONTAINED SOME ACCOUNTS THAT WERE NOT PART OF THE ENDOWMENT AND ALL FUTURE REPORTING WILL CONTAIN ONLY ENDOWED AMOUNTS ON PART V. GOLF TOURNAMENT 405228 170000 235228 9557 38288 133043 405228 170000 235228 9557 38288 133043 180888 54340 9545 0 9545 9545 TX 0 A LICENSE FOR HOSTING RAFFLES IS NOT REQUIRED IN TEXAS. 0 1 0 1.00000 ASHLEY ALEXANDER MHSA 5615 KIRBY DR SUITE 660 HOUSTON TX 77005 0 TARA MCNEILL MANAGEMENT OF RAFFLES X 0 X X X X X X 0 0 0 0 0 0 0 0 0 ASHLEY ALEXANDER MHSA PRESIDENT AND CEO 209409 0 0 0 0 0 4521 0 21194 0 235124 0 0 0 TARA MCNEILL DIRECTOR OF DEVELOPM 147252 0 0 0 0 0 4011 0 7911 0 159174 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE CEO PERFORMS A REVIEW OF THE 990 WITH INPUT FROM THE FINANCE COMMITTEE. IT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION MONITORS CONFLICTS OF INTEREST THROUGH PERIODIC REVIEWS AND ANNUAL DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 KELSEY RESEARCH FOUNDATION ENGAGED THE SERVICES OF A DISINTERESTED THIRD PARTY TO REVIEW THE JOB DESCRIPTIONS AND COMPENSATION FOR THE TOP OFFICER POSITIONS OF THE ORGANIZATION. THE PROJECT WAS OVERSEEN BY THE KRF COMPENSATION COMMITTEE. THE CEO CONSULTS WITH THE HUMAN RESOURCES DEPARTMENT AT KELSEY-SEYBOLD CLINIC TO REVIEW AND APPROVE COMPENSATION FOR ALL FOUNDATION STAFF. FORM 990, PART VI, SECTION C, LINE 18 ADDITIONAL INFORMATION MAY BE OBTAINED AT: WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, KELSEY RESEARCH FOUNDATION WILL PROVIDE COPIES OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS TO THE PUBLIC. FORM 990, PART IX, LINE 11G OUTSIDE MEDICAL SERVICES: PROGRAM SERVICE EXPENSES 170,309. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 170,309. ADMIN FEES - KSMS: PROGRAM SERVICE EXPENSES 77,718. MANAGEMENT AND GENERAL EXPENSES 15,225. FUNDRAISING EXPENSES 9,760. TOTAL EXPENSES 102,703. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 4,764. MANAGEMENT AND GENERAL EXPENSES 41,744. FUNDRAISING EXPENSES 3,887. TOTAL EXPENSES 50,395. ADMIN FEES - KRF: PROGRAM SERVICE EXPENSES 16,761. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,761. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 42,020. MANAGEMENT AND GENERAL EXPENSES 12,678. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,698. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS AUDIT OVERSIGHT PROCESS OR ITS SELECTION PROCESS FOR CHOOSING AN INDEPENDENT ACCOUNTANT.