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Nonprofiteer
← TEXAS STATE UNIVERSITY-SAN MARCOS RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by TEXAS STATE UNIVERSITY-SAN MARCOS RESEARCH FOUNDATION.

Totals

Total revenue
$366,984
Total expenses
$270,384
Contributions and grants received
$366,984
Grants paid
$270,384
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$139,751
Total liabilities, end of year
$200,001
Net assets or fund balances, end of year
-$60,250
Program services expenses (Part IX)
$270,384
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$270,384

Program services were 100.0% 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

    $366,984

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $270,384 · program services $270,384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,151 · end of year $139,751

  • 17 · Accounts payable and accrued expenses

    beginning of year $1 · end of year $1

  • 24 · Unsecured notes and loans payable

    beginning of year $200,000 · end of year $200,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$156,850 · end of year -$60,250

Mission and programs · 2024

Mission

THE PURPOSE OF THE UNIVERSITY RESEARCH FOUNDATION IS TO PROMOTE TEXAS STATE UNIVERSITY'S OBJECTIVES OF PROVIDING HIGHER EDUCATION, CONDUCTING RESEARCH, PROVIDING PUBLIC SERVICE, AND ASSISTING IN ECONOMIC DEVELOPMENT IN TEXAS.

  • THE PURPOSE OF THE UNIVERSITY RESEARCH FOUNDATION IS TO PROMOTE TEXAS STATE UNIVERSITY'S OBJECTIVES OF PROVIDING HIGHER EDUCATION, CONDUCTING RESEARCH, PROVIDING PUBLIC SERVICE, AND ASSISTING IN ECONOMIC DEVELOPMENT IN TEXAS.

    Expenses $270,384 · Grants $270,384

As filed on the 2024 return.

Listed in Part VII

  • Patrick M Rose

    DIRECTOR (NO TXST EMPLOYEE

    Total calculated
    $0
    Hours/week
    1

  • Mrs Brandey Wimberley Orsag

    DIRECTOR (NO TXST EMPLOYEE

    Total calculated
    $0
    Hours/week
    1

  • Kelly Damphousse

    CHAIR

    Total calculated
    $835,329
    From this org
    $0
    From related orgs
    $789,730
    Other
    $45,599
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $65,945 related
    Bonus
    $0
    Other
    $0 + $723,785 related
    Deferred
    $0 + $22,770 related
    Nontaxable benefits
    $0 + $22,829 related
    Filer's total
    $0 + $835,329 related

  • Dr Pranesh B Aswath

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Shreekanth Ammanji Mandayam

    EXECUTIVE DIRECTOR

    Total calculated
    $337,023
    From this org
    $0
    From related orgs
    $301,614
    Other
    $35,409
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $285,878 related
    Bonus
    $0
    Other
    $0 + $15,736 related
    Deferred
    $0 + $23,601 related
    Nontaxable benefits
    $0 + $11,808 related
    Filer's total
    $0 + $337,023 related

  • Eric Algoe

    SECRETARY (NON-VOTING)

    Total calculated
    $456,753
    From this org
    $0
    From related orgs
    $413,476
    Other
    $43,277
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $391,721 related
    Bonus
    $0
    Other
    $0 + $21,755 related
    Deferred
    $0 + $22,770 related
    Nontaxable benefits
    $0 + $20,507 related
    Filer's total
    $0 + $456,753 related

  • Darryl J Borgonah

    TREASURER (NON-VOTING)

    Total calculated
    $198,827
    From this org
    $0
    From related orgs
    $171,000
    Other
    $27,827
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $161,418 related
    Bonus
    $0
    Other
    $0 + $9,582 related
    Deferred
    $0 + $10,733 related
    Nontaxable benefits
    $0 + $17,094 related
    Filer's total
    $0 + $198,827 related

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 STATE UNIVERSITY

    $270,384

    PROVIDING HIGHER EDUCATION, CONDUCTING RESEARCH

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.

  • TEXAS STATE UNIVERSITY

    501(C)(3) · HIGHER EDUCATION · TX

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.5
Source object
202600159349302160

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