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Nonprofiteer
← THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY FOUNDATION

Form 990 for tax year 2022

Filed by THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY FOUNDATION.

Totals

Total revenue
$4,961,472
Total expenses
$3,676,365
Contributions and grants received
$4,005,302
Grants paid
$3,123,819
Program service revenue
$0
Investment income
$956,170
Other revenue
$0
Total assets, end of year
$41,592,535
Total liabilities, end of year
$157,500
Net assets or fund balances, end of year
$41,435,035
Program services expenses (Part IX)
$3,123,819
Management and general expenses
$449,110
Fundraising expenses
$103,436
Program service expenses (Part III)
$3,123,819

Program services were 85.0% 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.

  • 1f · All other contributions, gifts and grants

    $4,005,302

  • 3 · Investment income

    total $898,565 · excluded $898,565

  • 7a · Gross sales of assets other than inventory

    securities $3,478,224

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

    securities $3,420,619

  • 7c · Gain or loss

    securities $57,605

  • 7d · Net gain or loss

    total $57,605 · excluded $57,605

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,049,569 · program services $3,049,569

  • 2 · Grants to domestic individuals

    total $74,250 · program services $74,250

  • 11a · Fees: management

    total $334,850 · management and general $334,850

  • 11f · Fees: investment management

    total $10,134 · management and general $10,134

  • 11g · Fees: other

    total $42,049 · management and general $42,049

  • 13 · Office expenses

    total $1,540 · management and general $1,540

  • 17 · Travel

    total $7,065 · management and general $7,065

  • 23 · Insurance

    total $14,774 · management and general $14,774

  • 24a · Other expenses: SUPPORT SERVICES

    total $103,436 · fundraising $103,436

  • 24b · Other expenses: SUPPORT & MAINTENANCE

    total $13,559 · management and general $13,559

  • 24c · Other expenses: BOARD EXPENSE

    total $8,501 · management and general $8,501

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $5,781 · management and general $5,781

  • 24e · All other expenses

    total $10,857 · management and general $10,857

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,320,733 · end of year $2,651,973

  • 4 · Accounts receivable

    beginning of year $123 · end of year $29

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,470 · end of year $2,049

  • 11 · Investments: publicly traded securities

    beginning of year $35,237,886 · end of year $37,896,561

  • 15 · Other assets

    beginning of year $1,021,894 · end of year $1,041,923

  • 17 · Accounts payable and accrued expenses

    end of year $157,500

  • 27 · Net assets without donor restrictions

    beginning of year $4,008,253 · end of year $4,013,242

  • 28 · Net assets with donor restrictions

    beginning of year $34,573,853 · end of year $37,421,793

Mission and programs · 2022

Mission

THE MISSION IS TO INCREASE THE UNIVERSITY ENDOWMENT BY CONNECTING ALL SEGMENTS OF THE UNIVERSITY TO THE COMMUNITY AND CORPORATE WORLD THROUGH VALUE ENHANCING RELATIONSHIPS AND AWARD SCHOLARSHIPS AND/OR PROVIDE SUPPORT TO THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY.

  • SCHOLARSHIPS AWARDED AND SUPPORT GIVEN TO THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY AND OTHER COLLEGES AND UNIVERSITIES.

    Expenses $3,123,819 · Grants $3,123,819

As filed on the 2022 return.

Listed in Part VII

  • JASON LEAL

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • ARMANDO ARISMENDI

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • R DAVID GUERRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • THERESA BARRERA-SHAW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • LEONARDO CHANG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL WILLAMSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • VICTOR HUGO GONZALEZ MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • ROLAND GONZALEZ

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • AR FELO GUERRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • CARLOS MANRIQUE MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • CARLOS MARIN PHD PE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • HR BERT PENA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • KENNETH JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MAURICIO SALINAS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • TOM TORKELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • PAUL SERAFY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JAIME RAMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • CLARISSA CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DANIEL MARTINEZ JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SUZANNE E MUNOZ CPA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JOEL SOLIS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 July 2024
IRS schema version
2022v5.0
Source object
202401929349301100

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