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Nonprofiteer
← TEXAS ONE FUND INC

Form 990 for tax year 2022

Filed by TEXAS ONE FUND INC.

Totals

Total revenue
$5,317,761
Total expenses
$611,003
Contributions and grants received
$5,387,315
Grants paid
$71,925
Program service revenue
$0
Investment income
-$69,559
Other revenue
$5
Total assets, end of year
$4,743,108
Total liabilities, end of year
$36,350
Net assets or fund balances, end of year
$4,706,758
Program services expenses (Part IX)
$529,715
Management and general expenses
$81,288
Fundraising expenses
$0
Program service expenses (Part III)
$529,715

Program services were 86.7% 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

    $5,387,315

  • 1g · Noncash contributions included above

    $2,079,302

  • 3 · Investment income

    total $331 · unrelated business $0 · excluded $331

  • 7a · Gross sales of assets other than inventory

    securities $2,048,378

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

    securities $2,118,268

  • 7c · Gain or loss

    securities -$69,890

  • 7d · Net gain or loss

    total -$69,890 · related or exempt $0 · unrelated business $0 · excluded -$69,890

  • 11a · Other revenue: Other

    total $5 · related or exempt $5 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $5

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $71,925 · program services $71,925

  • 11b · Fees: legal

    total $69,883 · program services $0 · management and general $69,883 · fundraising $0

  • 11g · Fees: other

    total $457,790 · program services $457,790 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,399 · program services $0 · management and general $1,399 · fundraising $0

  • 14 · Information technology

    total $10,005 · program services $0 · management and general $10,005 · fundraising $0

  • 23 · Insurance

    total $1 · program services $0 · management and general $1 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $4,743,108

  • 18 · Grants payable

    end of year $36,350

  • 27 · Net assets without donor restrictions

    end of year $4,706,758

Mission and programs · 2022

Mission

Maximize positive community impact by helping Texas collegiate athletes succeed.

  • CONNECT WITH CHARITABLE ORGANIZATIONS - The organization connects volunteers, contractors, donors, and student-athletes with charitable organizations that impactful in their lives or the lives of their loved ones, not just locally, but across the state of Texas and nationally, so that each volunteer, contractor, donor, and student- athlete can contribute to the causes they care most about.

    Expenses $457,790

  • INVEST IN TAX-EXEMPT PARTNER ORGANIZATIONS - The organization invests directly into tax-exempt partner organizations and missions and provide other support services to enterprises that generally do not have access to a broad network of volunteers, spokespersons, and/or donors. The organization initiates close working relationships with partner organizations and may invest in the development of relationships between the clients, contractors, contributors, or otherwise of the organization and partner organizations that don't otherwise have sufficient funding to promote and/or advocate for themselves.

    Expenses $71,925 · Grants $71,925

As filed on the 2022 return.

Listed in Part VII

  • Patrick Wheels Smith

    President

    Total calculated
    $0
    Hours/week
    40

  • Britt Peterson

    Board Member

    Total calculated
    $0
    Hours/week
    40

  • Rob Blair

    Board Member

    Total calculated
    $0
    Hours/week
    6

  • Rob Wright

    Board Member

    Total calculated
    $0
    Hours/week
    6

  • Jim Gressett

    Treasurer

    Total calculated
    $0
    Hours/week
    6

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349308883

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