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Nonprofiteer
← TEXAS TECH FOUNDATION INC

Form 990 for tax year 2023

Filed by TEXAS TECH FOUNDATION INC.

Totals

Total revenue
$92,698,840
Total expenses
$122,755,625
Contributions and grants received
$82,141,972
Grants paid
$120,355,636
Program service revenue
$0
Investment income
$10,281,022
Other revenue
$275,846
Total assets, end of year
$938,095,082
Total liabilities, end of year
$5,106,534
Net assets or fund balances, end of year
$932,988,548
Program services expenses (Part IX)
$120,355,636
Management and general expenses
$2,135,738
Fundraising expenses
$264,251
Program service expenses (Part III)
$120,355,636

Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PATRICK KRAMER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $404,977
    From this org
    $0
    From related orgs
    $367,867
    Other
    $37,110
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $367,147 related
    Bonus
    $0
    Other
    $0 + $720 related
    Deferred
    $0 + $22,440 related
    Nontaxable benefits
    $0 + $14,670 related
    Filer's total
    $0 + $404,977 related

  • KIMBERLY C FORD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • TIM LANCASTER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • JUAN NEVAREZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • JAMES MAULDIN

    TREASURER

    Total calculated
    $466,380
    From this org
    $0
    From related orgs
    $426,273
    Other
    $40,107
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $395,833 related
    Bonus
    $0
    Other
    $0 + $30,440 related
    Deferred
    $0 + $32,072 related
    Nontaxable benefits
    $0 + $8,035 related
    Filer's total
    $0 + $466,380 related

  • STEVE GRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • J PAT HICKMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • MICHAEL F OWEN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JACK RENTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM SKINNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BEN STRIBLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT TAYLOR JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • LESLIE WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENNIS KRUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDY MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTI QUINN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • BRADLEY BOUMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KYLE MCGRAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HOLLAND O'NEAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • BEN STRICKLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT WISNIEWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHERRY WRIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DAVID ALDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WALT CATHEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT L DUNCAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARRY STREET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM WINN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARNEY ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE J PARKER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • GERALD G DIXON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GORDON DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID COPELAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID KING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LANNY LAYMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KEVIN NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • TEXAS TECH UNIVERSITY SYSTEM

    $120,303,636

    TO PROMOTE HIGHER EDUCATION BY PROVIDING FUNDS FOR SCHOLARSHIPS AND GENERAL FUNDS FOR OPERATION EXPENSES OF THE TEXAS TECH UNIVERSITY SYSTEM.

  • SPELMAN COLLEGE

    $50,000

    ORIGINAL PURPOSE OF GRANT WAS TO START AN ENDOWMENT IN THE BLACK CULTURAL CENTER AT TTU, HOWEVER, DUE TO THE PASSING OF TEXAS SENATE BILL 17, THE FUNDS WERE REQUESTED TO BE TRANSFERED BY THE ORIGINAL DONOR TO SPELMAN COLLEGE.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TTFI HOLDINGS LLC

    ACCEPTANCE AND MANAGEMENT OF GIFTS TO TEXAS TECH UNIVERSITY · DE · income $0 · assets $2,424,967

    Directly controlled by TEXAS TECH FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
7 July 2025
IRS schema version
2023v6.0
Source object
202501899349300900

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