Sealy & Smith Foundation
75% goes to programs Strong reserves Growing revenue
Sealy & Smith Foundation is a 501(c)(3) organization based in Galveston, Texas, registered in 1938, with $130,847,488 in FY2023 revenue. CharityIndex grades it A, and it directs about 75% of spending to programs.
2200 Market St Ste 500, Galveston, TX, 77550 EIN 74-1109652 Since 1938
Revenue (FY2023)
$130.8M
▼ 17.6% vs prior year
Health median: $840K
Expenses (FY2023)
$30.1M
Net assets
$1.9B
Employees
6
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating75% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Sealy & Smith Foundation: 75% to programs earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating774 mo reserves · +77% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sealy & Smith Foundation: 774 mo reserves · +77% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Sealy & Smith Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sealy & Smith Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Support of the john sealy hospital / university of texas medical branch at galveston (utmb).
Contact & location
- Address
- 2200 Market St Ste 500, Galveston, TX, 77550
- City
- Galveston
- State
- Texas
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $100.0M (FY2014) to $130.8M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $99.0MNet assets $1.9B
Operating margin
77.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$99.0M
Net assets
$1.9B
Salaries & benefits
$1.4M
5% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $130,847,488▼17.6% | $30,063,602▼5.3% | $1,938,723,988▲24.8% | $2,037,694,463▲21.7% | 990 |
| 2022 | $158,734,221▼18.1% | $31,756,764▼47.0% | $1,553,636,991▼7.5% | $1,674,903,989▼8.2% | 990 |
| 2021 | $193,760,950▲124% | $59,944,232▲160% | $1,679,062,208▲20.3% | $1,823,742,664▲20.6% | 990 |
| 2020 | $86,559,144▼35.6% | $23,013,090▼36.0% | $1,395,915,230▲10.9% | $1,512,427,384▲9.8% | 990 |
| 2019 | $134,416,284▲37.8% | $35,941,910▲181% | $1,259,164,198▲19.9% | $1,377,577,374▲17.5% | 990 |
| 2018 | $97,546,927▲7.7% | $12,798,573▼49.3% | $1,050,370,938▼7.3% | $1,172,758,493▼9.2% | 990 |
| 2017 | $90,579,317▲106% | $25,236,518▲42.7% | $1,132,821,057▲19.6% | $1,291,957,244▲15.1% | 990 |
| 2016 | $43,898,579▼28.1% | $17,679,343▼79.2% | $947,230,269▲7.7% | $1,122,191,581▲5.5% | 990 |
| 2015 | $61,034,494▼38.9% | $84,915,296▲540% | $879,399,410▼9.9% | $1,063,421,424▼3.9% | 990 |
| 2014 | $99,968,356 | $13,276,521 | $976,043,326 | $1,106,811,568 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Douglas G Rogers — $395,429 (1.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Douglas G Rogers | Exec Dir/ Sec/treas | 45 | $395,429 |
| James S Jobe | Asst Sec/treasurer | 45 | $169,834 |
| Gladys Stansberry | Asst Treasurer | 45 | $117,796 |
| E J Pederson | Director | 5 | $72,000 |
| James B Galbraith | Director | 5 | $72,000 |
| John W Kelso | President/director | 5 | $72,000 |
| Keith Bassett | Director | 5 | $72,000 |
| Michael C Doherty | Vice President/ Dir. | 5 | $72,000 |
| William R Sealy | Director | 5 | $72,000 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cambridge Associates LLC | Investment Managers | $1,796,490 |
| Focused Investors LLC | Investment Managers | $790,638 |
| Silchester International Investors | Investment Managers | $608,979 |
| Generation Investment Management Us LLP | Investment Managers | $406,452 |
| Edgbaston Asian Equity Trust | Investment Managers | $228,041 |
Grants made · $25.5M in FY2022
8 grants totaling $25.5M in FY2022. All grants made by Sealy & Smith Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| John Sealy Hospitalutmb | See attached detail | $24,020,135 |
| The University of Texas Medical Branch | Primary care pavilion | $551,409 |
| The University of Texas Medical Branch | Utmb human resources | $376,260 |
| The University of Texas Medical Branch | Utmb ophtalmology clinic | $252,143 |
| The University of Texas Medical Branch | R. waverly smith pavilion | $100,311 |
| The University of Texas Medical Branch | Other real estate | $99,606 |
| The University of Texas Medical Branch | Utmb parking lot | $69,624 |
| The University of Texas Medical Branch | West end clinic property | $47,153 |
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Frequently asked questions
- Is Sealy & Smith Foundation a legitimate nonprofit?
- Yes. Sealy & Smith Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-1109652, based in Galveston, Texas. Donations are tax-deductible.
- What is Sealy & Smith Foundation's EIN?
- Sealy & Smith Foundation's Employer Identification Number (EIN) is 74-1109652.
- How much revenue does Sealy & Smith Foundation report?
- Sealy & Smith Foundation reported $130,847,488 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Sealy & Smith Foundation's spending goes to programs?
- Sealy & Smith Foundation spends about 75% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sealy & Smith Foundation have?
- CharityIndex grades Sealy & Smith Foundation A, based on program efficiency and fundraising cost.
- How much does Sealy & Smith Foundation's highest-paid employee make?
- The highest reported compensation on Sealy & Smith Foundation's latest Form 990 is $395,429, paid to Douglas G Rogers (Exec Dir/ Sec/treas).
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Data for Sealy & Smith Foundation (EIN 74-1109652) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.