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← MCCOMBS SCHOOL OF BUSINESS FOUNDATION

Form 990 for tax year 2024

Filed by MCCOMBS SCHOOL OF BUSINESS FOUNDATION.

Totals

Total revenue
$24,584,780
Total expenses
$24,879,853
Contributions and grants received
$225,791
Grants paid
$6,268,558
Program service revenue
$22,368,808
Investment income
$1,972,052
Other revenue
$18,129
Total assets, end of year
$57,387,498
Total liabilities, end of year
$8,735,335
Net assets or fund balances, end of year
$48,652,163
Program services expenses (Part IX)
$21,234,428
Management and general expenses
$3,509,763
Fundraising expenses
$135,662
Program service expenses (Part III)
$21,234,428

Program services were 85.3% 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.

  • 1f · All other contributions, gifts and grants

    $225,791

  • 2a · Program service revenue: Bus Foundations courses

    total $471,993 · related or exempt $471,993

  • 2b · Program service revenue: Exec Education programs

    total $21,835,901 · related or exempt $21,835,901

  • 2c · Program service revenue: Other program revenues

    total $60,914 · unrelated business $60,914

  • 3 · Investment income

    total $1,190,279 · excluded $1,190,279

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $4,488,863

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

    securities $3,707,090

  • 7c · Gain or loss

    securities $781,773

  • 7d · Net gain or loss

    total $781,773 · excluded $781,773

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other revenues

    total $18,129 · excluded $18,129

  • 11e · Other revenue, total

    $18,129

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,268,558 · program services $6,268,558

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $10,000 · management and general $10,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,667,712 · program services $1,527,424 · management and general $140,288

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $121,617 · program services $110,120 · management and general $11,497

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $2,318 · management and general $2,318

  • 11c · Fees: accounting

    total $26,300 · management and general $26,300

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $92,622 · management and general $92,622

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $37,308 · management and general $37,308

  • 24a · Other expenses: Exec Educ program expenses

    total $12,810,896 · program services $12,810,896

  • 24b · Other expenses: UT mgmt and use fee

    total $2,674,070 · management and general $2,674,070

  • 24c · Other expenses: Exec Educ marketing

    total $436,999 · management and general $436,999

  • 24d · Other expenses: BFPO course materials

    total $391,256 · program services $391,256

  • 24e · All other expenses

    total $340,197 · program services $126,174 · management and general $78,361 · fundraising $135,662

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,325,598 · end of year $3,794,430

  • 2 · Savings and temporary cash investments

    beginning of year $1,422,270 · end of year $1,850,218

  • 3 · Pledges and grants receivable

    beginning of year $45,380 · end of year $0

  • 4 · Accounts receivable

    beginning of year $3,036,024 · end of year $3,268,570

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,622 · end of year $22,186

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

    $1,695,180

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

    $1,695,180

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,641,664 · end of year $15,633,101

  • 12 · Investments: other securities

    beginning of year $27,984,006 · end of year $32,752,444

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $63,751 · end of year $66,549

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,177,390 · end of year $2,276,745

  • 18 · Grants payable

    end of year $5,000,000

  • 19 · Deferred revenue

    beginning of year $307,244 · end of year $253,834

  • 25 · Other liabilities

    beginning of year $1,138,276 · end of year $1,204,756

  • 27 · Net assets without donor restrictions

    beginning of year $31,301,613 · end of year $32,416,795

  • 28 · Net assets with donor restrictions

    beginning of year $15,616,792 · end of year $16,235,368

Mission and programs · 2024

Mission

To provide support to The University of Texas McCombs School of Business.

  • The Foundation is contracted by various organizations to design, develop and implement customized training programs. McCombs School of Business faculty members are actively involved in Texas Executive Education; many of the most experienced teach in the Foundation's custom programs. In addition, as appropriate, the Foundation calls upon professors in other schools and colleges of The University of Texas (The University) to help construct and participate in custom programs, including Communications, Engineering, Law, Information, and Public Administration.

    Expenses $14,448,440 · Revenue $21,835,901

  • Faculty, student, and administrative support to The University of Texas McCombs School of Business.

    Expenses $6,785,988 · Grants $6,268,558 · Revenue $532,907

As filed on the 2024 return.

Listed in Part VII

  • Luis Martins

    Professor

    Total calculated
    $739,670
    From this org
    $73,500
    From related orgs
    $618,519
    Other
    $47,651
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $73,500 + $618,519 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,325 related
    Nontaxable benefits
    not reported + $18,326 related
    Filer's total
    $73,500 + $666,170 related

  • David Harrison

    Professor

    Total calculated
    $708,121
    From this org
    $28,150
    From related orgs
    $662,159
    Other
    $17,812
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $28,150 + $662,159 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $17,812 related
    Filer's total
    $28,150 + $679,971 related

  • Laura Starks

    Professor

    Total calculated
    $693,526
    From this org
    $8,511
    From related orgs
    $665,670
    Other
    $19,345
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $8,511 + $665,670 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $19,345 related
    Filer's total
    $8,511 + $685,015 related

  • James Bickel

    Professor

    Total calculated
    $664,395
    From this org
    $136,206
    From related orgs
    $472,502
    Other
    $55,687
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $136,206 + $472,502 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,325 related
    Nontaxable benefits
    not reported + $26,362 related
    Filer's total
    $136,206 + $528,189 related

  • Robert Chesney

    Professor

    Total calculated
    $650,878
    From this org
    $12,000
    From related orgs
    $582,983
    Other
    $55,895
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $12,000 + $582,983 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,325 related
    Nontaxable benefits
    not reported + $26,570 related
    Filer's total
    $12,000 + $638,878 related

  • Caitlin Mullaney

    Managing Dir

    Total calculated
    $338,322
    From this org
    $10,000
    From related orgs
    $292,231
    Other
    $36,091
    Hours/week
    7 + 40 related

    Schedule J breakdown matched by us

    Base
    $10,000 + $292,231 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $25,026 related
    Nontaxable benefits
    not reported + $11,065 related
    Filer's total
    $10,000 + $328,322 related

  • John Bass

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Charles Holley Jr

    Sec/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Sue Gove

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bill Helms

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chris Manning

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Heather McClure

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gabriella Parcella

    Trustee

    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

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.

  • The University of Texas

    Education · TX

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.

  • MSB RE Fund LLC

    Private equity real estate investment fund program · TX

    Directly controlled by The McCombs School of Business Fdn

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MSB RE Fund Participant LLC

    C corp · Private equity real estate · TX · 100% owned · share of income $54,128 · share of assets $5,940,207 · controlled entity

    Directly controlled by MSB RE Fund LLC

  • Texas McCombs Investment Advisers Inc

    C corp · Investment management · TX · 100% owned · share of income $47,906 · share of assets $65,910 · controlled entity

    Directly controlled by MSBF

Provenance

Return type
form_990
Tax year
2024
Filed
26 June 2026
IRS schema version
2024v5.2
Source object
202601779349301280

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