Nonprofit · EIN 75-2838956
SWMF PROPERTIES INC
Tax-exempt · DALLAS, TX 75219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,968,965 | $2,957,284 | -$988,319 | $5,314,632 | $102,058 | $5,212,574 |
| December 31, 2023 | 990 | $3,148,586 | $6,458,605 | -$3,310,019 | $6,368,531 | $167,638 | $6,200,893 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $25,153
- Royalties
- $717,935
- Other revenue
- $1,943,812
Expenses
- Grants and similar amounts paid
- $1,000,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,280
- Accounting fees
- $40,634
- Depreciation
- $1,092,840
- Program services (functional)
- $1,000,000
- Management and general (functional)
- $1,957,284
Balance sheet and other
- Total assets, start of year
- $6,368,531
- Total assets, end of year
- $5,314,632
- Total liabilities, end of year
- $102,058
- Net assets, end of year
- $5,212,574
- Land, buildings and equipment
- $263,302
- Net assets without donor restrictions
- $302,719
- Net assets with donor restrictions
- $4,909,855
- Gross unrelated business income
- $1,225,877
- Gross receipts
- $1,968,965
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL MCMAHAN | PRESIDENT & CEO Officer | 0.25 | $0 | $459,217 | $61,105 |
| SARAH FLETCHER | CFO Officer | 0.25 | $0 | $262,000 | $28,735 |
| TRAE HOLMES | MANAGING DIRECTOR OF ACCOUNTING Officer | 0.25 | $0 | $171,865 | $26,881 |
| EMILY DAVIS | CORPORATE SECRETARY Officer | 0.25 | $0 | $150,442 | $30,495 |
| DAVID CORRIGAN | CHAIRMAN Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| TUCKER BRIDWELL | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| LELAND BURK | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN B POSTON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| KIP TINDELL III | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| DAVID MILLER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| KYLE MILLER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN POSTON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL MCMAHAN | PRESIDENT & CEO Officer | 0.25 | $0 | $316,811 | $23,416 |
| KAY SCHLANKEY | SR. VICE PRESIDENT & CFO Officer | 0.25 | $0 | $273,713 | $28,897 |
| TRAE HOLMES | DIRECTOR OF ACCOUNTING Highest-paid employee | 0.25 | $0 | $148,593 | $25,199 |
| EMILY DAVIS | CORPORATE SECRETARY Officer | 0.25 | $0 | $122,869 | $21,998 |
| DAVID CORRIGAN | CHAIRMAN Trustee or director | 0.25 | $0 | $0 | $0 |
| LELAND BURK | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| DAVID MILLER | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN POSTON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| KIP TINDELL III | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3889 MAPLE AVE STE 100, DALLAS, TX 75219-3914
- Principal officer (990 for 2024)
- MICHAEL MCMAHAN, 3889 MAPLE AVE 100, DALLAS, TX 75219
- Signed the 990
- MICHAEL MCMAHAN, PRESIDENT
- Phone
- (214) 351-6143
- Return prepared by
- WHITLEY PENN LLP
Mission
SWMF PROPERTIES, INC. ACQUIRES, RECEIVES, HOLDS, MAINTAINS AND MANAGES REAL AND PERSONAL PROPERTY DONATIONS FOR THE BENEFIT OF SOUTHWESTERN MEDICAL FOUNDATION. THE ORGANIZATION'S CORPORATE PROPERTY IS USED TO SUPPORT THE CHARITABLE PURPOSES OF SOUTHWESTERN MEDICAL FOUNDATION.
Program accomplishments
- TO ASSIST SOUTHWESTERN MEDICAL FOUNDATION IN THE STUDY OF CAUSES, PREVENTION, AND CURE OF DISEASES OF THE MINDS AND BODIES OF PERSONS: THE STUDY OF INDIVIDUAL AND COMMUNITY HYGIENE, AND TO PROMOTE PUBLIC HEALTH AND MEDICAL RESEARCH.Expenses $1,000,000 · grants $1,000,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2838956
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G11)
- Assets (IRS master file)
- $5,314,632
- Income (IRS master file)
- $1,968,965
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,968,965 | $2,957,284 | $5,314,632 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,148,586 | $6,458,605 | $6,368,531 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,025,886 | $6,334,636 | $9,865,752 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2838956).
Questions about SWMF PROPERTIES INC
- What is the EIN of SWMF PROPERTIES INC?
- The employer identification number (EIN) of SWMF PROPERTIES INC is 75-2838956.
- Is SWMF PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to SWMF PROPERTIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SWMF PROPERTIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SWMF PROPERTIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SWMF PROPERTIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SWMF PROPERTIES INC?
- The 990 for the year ended December 31, 2024 names MICHAEL MCMAHAN.
- Who are the officers and directors of SWMF PROPERTIES INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does SWMF PROPERTIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,968,965, expenses of $2,957,284 and total assets of $5,314,632 at year end.
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