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Nonprofiteer
← SOUTHWESTERN FOUNDATION

Form 990 for tax year 2022

Filed by SOUTHWESTERN FOUNDATION.

Totals

Total revenue
$36,940
Total expenses
$37,827
Contributions and grants received
$9,104
Grants paid
$0
Program service revenue
$0
Investment income
$27,836
Other revenue
$0
Total assets, end of year
$82,340
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$82,340
Program services expenses (Part IX)
$37,827
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$37,827

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $9,104

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $28,723

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $887

  • 7c · Gain or loss

    securities $0 · other assets $27,836

  • 7d · Net gain or loss

    total $27,836 · related or exempt $27,836 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $13,625 · program services $13,625

  • 13 · Office expenses

    total $57 · program services $57

  • 16 · Occupancy

    total $24,145 · program services $24,145

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $82,340

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $83,227 · end of year $82,340

  • 27 · Net assets without donor restrictions

    beginning of year $83,227 · end of year $82,340

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

To support Southwestern University. The purposes for which Southwestern Foundation is organized and operated are exclusively for charitable, scientific, literary, and educational purposes, and in accomplishment of such purposes, the Foundation is administered solely for the benefit and support of Southwestern University. In doing so, the Foundation also maintains real or personal property, or both, and uses and applies the income there from and the principal thereof exclusively for charitable and educational purposes for the benefit of Southwestern University.

Activities or mission (Part I)

The Southwestern Foundation is administered solely for the benefit and support of Southwestern University.

  • The Foundation, as described in the mission statement in Part III above, in part, manages real property for the benefit of Southwestern University. As of January 1, 2022, the Foundation was legal owner of a 76.85% percent undivided interest in land near Leander, Texas. In September 2022, 1.773 acres of the land were sold to the City of Leander for a Wastewater Easement. Expenses for 2022 are detailed in Part IX.

    Expenses $37,827

As filed on the 2022 return.

Listed in Part VII

  • Laura Skandera Trombley

    Trustee & President

    Total calculated
    $821,098
    From this org
    $0
    From related orgs
    $692,627
    Other
    $128,471
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,405 related
    Bonus
    $0 + $21,500 related
    Other
    $0 + $28,722 related
    Deferred
    $0 + $20,350 related
    Nontaxable benefits
    $0 + $108,121 related
    Filer's total
    $0 + $821,098 related

  • Lenora Chapman

    Trustee

    Total calculated
    $313,816
    From this org
    $0
    From related orgs
    $281,770
    Other
    $32,046
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,770 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,796 related
    Nontaxable benefits
    $0 + $12,250 related
    Filer's total
    $0 + $313,816 related

  • Kent Huntsman

    Trustee & Assistant Secretary

    Total calculated
    $184,962
    From this org
    $0
    From related orgs
    $154,521
    Other
    $30,441
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,521 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,001 related
    Nontaxable benefits
    $0 + $19,440 related
    Filer's total
    $0 + $184,962 related

  • R Griffin Lord

    Trustee & Treasurer

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • Stephen G Tipps

    Trustee & Vice President

    Total calculated
    $0
    Hours/week
    0.1 + 3.8 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202333079349302743

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