Form 990 for tax year 2024
Filed by THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY FOUNDATION.
Totals
- Total revenue
- $3,114,432
- Total expenses
- $2,669,007
- Contributions and grants received
- $1,421,646
- Grants paid
- $1,966,128
- Program service revenue
- $0
- Investment income
- $1,692,786
- Other revenue
- $0
- Total assets, end of year
- $50,214,570
- Total liabilities, end of year
- $41,257
- Net assets or fund balances, end of year
- $50,173,313
- Program services expenses (Part IX)
- $1,966,128
- Management and general expenses
- $609,618
- Fundraising expenses
- $93,261
- Program service expenses (Part III)
- $1,966,128
Program services were 73.7% 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
$1,421,646
-
3 · Investment income
total $1,216,480 · excluded $1,216,480
-
7a · Gross sales of assets other than inventory
securities $41,292,607
-
7b · Less cost or other basis and sales expenses
securities $40,816,301
-
7c · Gain or loss
securities $476,306
-
7d · Net gain or loss
total $476,306 · excluded $476,306
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,904,128 · program services $1,904,128
-
2 · Grants to domestic individuals
total $62,000 · program services $62,000
-
11a · Fees: management
total $466,585 · management and general $466,585
-
11f · Fees: investment management
total $2,375 · management and general $2,375
-
11g · Fees: other
total $73,497 · management and general $73,497
-
13 · Office expenses
total $314 · management and general $314
-
17 · Travel
total $3,799 · management and general $3,799
-
23 · Insurance
total $15,988 · management and general $15,988
-
24a · Other expenses: SUPPORT SERVICES
total $93,261 · fundraising $93,261
-
24b · Other expenses: SUPPORT & MAINTENANCE
total $17,457 · management and general $17,457
-
24c · Other expenses: FEES & OTHER CHARGES
total $10,427 · management and general $10,427
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $8,446 · management and general $8,446
-
24e · All other expenses
total $10,730 · management and general $10,730
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,290,425 · end of year $2,380,432
-
9 · Prepaid expenses and deferred charges
beginning of year $1,161 · end of year $182
-
11 · Investments: publicly traded securities
beginning of year $43,570,044 · end of year $46,742,939
-
15 · Other assets
beginning of year $1,063,178 · end of year $1,091,017
-
17 · Accounts payable and accrued expenses
end of year $36,956
-
25 · Other liabilities
beginning of year $0 · end of year $4,301
-
27 · Net assets without donor restrictions
beginning of year $5,175,385 · end of year $5,175,385
-
28 · Net assets with donor restrictions
beginning of year $41,749,423 · end of year $44,997,928
Mission and programs · 2024
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 $1,966,128 · Grants $1,966,128
As filed on the 2024 return.
Listed in Part VII
-
JASON LEAL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
ROLANDO GONZALEZ
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
SUSIE OLIVEIRA
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
LEONARDO CHANG
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
CLARISSA CLARK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
NATASHA DEL BARRIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
DR DIMPLE DESAI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
RINA R GONZALEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
KENNETH W JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL J LIMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
DANIEL MARTINEZ JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
SUZANNE E MUNOZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
MAURICIO SALINAS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
PAUL SERAFY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
JOEL SOLIS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
EDWARD LALO VILLARREAL
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
-
THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY
$1,688,985
SCHOLARSHIPS AND PROGRAM SUPPORT
-
$9,500
SCHOLARSHIPS
-
SCHOLARSHIPS
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 RIO GRANDE VALLEY
501(C)(3) · UNIVERSITY · TX
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 June 2026
- IRS schema version
- 2024v5.5
- Source object
- 202631739349300128
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