IRS 990 Nonprofit Profile

Tmc3 Development Corporation

Form 990, part i, line 1 & part iii, lines 1 & 4a tmc3 development corporation is organized and will operate exclusively to support the texas medical center, a texas nonprofit corporation, by facilitating the development and financing of projects and facilities and performing such other functions as may be necessary or appropriate to fulfill the purposes of tmc3 development corporation. texas medical center was organized and is operated to facilitate patient care, medical research and medical education in the largest medical complex in the world, the texas medical center located in houston, texas. among tmc's activities is advancing life sciences by nurturing cross-institutional collaboration, creativity and innovation. a key component of this activity is development of the tmc3 collaborative campus ("tmc3"). in 2014, tmc brought together leaders of its member institutions and the community to create a campus-wide, strategic plan. the goal was to identify key areas for collaboration among member institutions to establish tmc as a center for life sciences. around the same time, four of the largest member institutions approached tmc about purchasing land for additional laboratory space. from this effort came tmc3, a project that will advance life sciences and accelerate research discoveries to improve human health throughout the world. tmc3 will unite the brightest minds in life sciences in one place for one purpose-to translate fundamental discoveries into solutions to improve and advance human health. tmc3 founding institutions (the "founding institutions") are tmc, texas a&m university health science center, the university of texas health science center houston and the university of texas m.D. anderson cancer center. tmc3 development corporation was organized and will operate to facilitate tmc's role as lead party in the development and financing of tmc3. specifically, it will lease from tmc the land on which tmc3 will be located. it will enter into sublease agreements with the founding institutions and other occupants of tmc3, thereby facilitating the development and financing of tmc3.

Filing year

2024

Total revenue

$7.2M

Total expenses

$9.7M

Program expenses

$9.7M

Administration

$44K

Fundraising

$0

Program share of expenses

100%

EIN

843144648

Location

Houston, TX