Knapp Medical Center Foundation Inc

Private foundation · Grantmaker Weslaco, TX EIN: 74-2213711

Knapp Medical Center Foundation Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in Weslaco, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.6M in total assets. In 2024, it awarded 1 grant totaling $500K. Net investment income was $1.2M.

Key facts about Knapp Medical Center Foundation Inc

In short: Knapp Medical Center Foundation Inc gave $500K across 1 grant in 2024 (avg $500K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
74-2213711
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$500,000
Grants made (2024)
1
Average grant
$500,000
Median grant
$500,000
Total assets
$11,555,339
Primary geography
Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$11.6M

+5.1% YoY

Annual Giving

$500K

+0.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$500K

+0.0% YoY

Under IRS private-foundation payout rules, Knapp Medical Center Foundation Inc reported a distributable amount of $546K for 2024 — the minimum it must pay out in qualifying distributions.

How Knapp Medical Center Foundation Inc gives

  • Giving held roughly steady from 2021 to 2024 (−3%). Method
  • In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

Weslaco

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M2 grants2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $500K (2022) to $1.0M (2020). In 2024 it made 1 grant totaling $500K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Knapp Medical Center: $500KKnapp Medical Center$500K

The largest 2024 recipient was Knapp Medical Center ($500K).

Grant Size Distribution

6 grants across all recorded years

<$50K$50–100K$100–250K$250–500K6$500K–1M$1–5M$5M+

The most common grant size was in the $500K–1M range: 6 grants of 6 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Knapp Medical Center Weslaco, TXSupport Operations of the Family Practice Program$500,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$11,555,339$10,993,446$10,162,658
Revenue$1,223,483$150,858$-217,702
Expenses$567,976$576,489$562,687
Qualifying Distributions$500,000$500,000$500,000
Net Investment Income$1,187,167$116,981$260,175
Distributable Amount$545,710$518,974$533,615

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Knapp Medical Center Foundation Inc is led by Michelle Castellanos, President since 2024 (on filings since 2020); none of the 11 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Michelle Castellanos

    President

    Secretary & Treasurer → Vice President, 2023

    Vice President → President, 2024

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Ramon Montalvo III

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Mark Perez

    Director

    On filings since 2021

    5 hrs/week

    No compensation reported

  • Esperanza Garza

    Director

    On filings since 2022

    5 hrs/week

    No compensation reported

  • Jaime Ortiz

    Director

    On filings since 2023

    5 hrs/week

    No compensation reported

  • Jesse Santana

    Director

    On filings since 2023

    5 hrs/week

    No compensation reported

  • Michael Gonzalez

    Director

    On filings since 2023

    5 hrs/week

    No compensation reported

  • Daniel Lozano

    Director

    New on the 2024 filing

    5 hrs/week

    No compensation reported

  • Jennifer Sander

    Director

    New on the 2024 filing

    5 hrs/week

    No compensation reported

  • Paula Gama-Garcia

    Vice President

    Director → Secretary & Treasurer, 2023

    Secretary & Treasurer → Vice President, 2024

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Nadia Medrano

    Secretary & Treasurer

    Director → Secretary & Treasurer, 2024

    On filings since 2022

    5 hrs/week

    No compensation reported

Former officers (8)
  • Former: Lynn Carter (2020–2023) — Director
  • Former: Rudy Salinas (2020–2023) — Director
  • Former: Ryan Vaughan (2020–2023) — President
  • Former: Bertha Suarez (2020–2022) — Director
  • Former: Nina Torkelson (2020–2022) — President
  • Former: Spencer Bell (2020–2022) — Director
  • Former: Micaela Alvarez (2020–2021) — Director
  • Former: Ramon Gonzales (2020) — Director

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Knapp Medical Center Foundation Inc

How much does Knapp Medical Center Foundation Inc give each year?

Knapp Medical Center Foundation Inc gave $500K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $500K across 1 grant.

How large is Knapp Medical Center Foundation Inc?

Knapp Medical Center Foundation Inc reported $11.6M in total assets on its 2024 IRS Form 990-PF. It paid out $500K in qualifying distributions that year, against a required minimum of $546K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Knapp Medical Center Foundation Inc?

Knapp Medical Center Foundation Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in Weslaco, TX. It holds $11.6M in total assets as of 2024.

Where does Knapp Medical Center Foundation Inc operate?

Knapp Medical Center Foundation Inc has awarded grants in Texas.

What is Knapp Medical Center Foundation Inc's EIN?

Knapp Medical Center Foundation Inc's EIN (Employer Identification Number) is 74-2213711. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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