Form 990 for tax year 2023
Filed by TEXAS STATE UNIVERSITY DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $10,969,793
- Total expenses
- $6,261,073
- Contributions and grants received
- $5,866,619
- Grants paid
- $4,462,497
- Program service revenue
- $0
- Investment income
- $5,025,029
- Other revenue
- $78,145
- Total assets, end of year
- $130,143,929
- Total liabilities, end of year
- $1,415,821
- Net assets or fund balances, end of year
- $128,728,108
- Program services expenses (Part IX)
- $4,462,497
- Management and general expenses
- $474,280
- Fundraising expenses
- $1,324,296
- Program service expenses (Part III)
- $4,462,497
Program services were 71.3% 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
$5,866,619
-
1g · Noncash contributions included above
$304,826
-
3 · Investment income
total $1,944,896 · excluded $1,944,896
-
5 · Royalties
total $78,145 · excluded $78,145
-
7a · Gross sales of assets other than inventory
securities $12,869,542
-
7b · Less cost or other basis and sales expenses
securities $9,789,409
-
7c · Gain or loss
securities $3,080,133
-
7d · Net gain or loss
total $3,080,133 · excluded $3,080,133
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,462,497 · program services $4,462,497
-
11b · Fees: legal
total $121,337 · management and general $121,337
-
11c · Fees: accounting
total $16,853 · management and general $16,853
-
13 · Office expenses
total $2,836 · management and general $2,836
-
14 · Information technology
total $11,480 · management and general $11,480
-
19 · Conferences, conventions and meetings
total $11,668 · management and general $11,668
-
23 · Insurance
total $500 · management and general $500
-
24a · Other expenses: ALLOCATED SERVICES
total $1,062,577 · management and general $253,892 · fundraising $808,685
-
24b · Other expenses: FUNDRAISING
total $515,611 · fundraising $515,611
-
24c · Other expenses: BOARD EXPENSES
total $47,489 · management and general $47,489
-
24d · Other expenses: BANK AND CREDIT CARD CH
total $7,429 · management and general $7,429
-
24e · All other expenses
total $796 · management and general $796
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,701,331 · end of year $4,405,354
-
3 · Pledges and grants receivable
beginning of year $1,652,302 · end of year $2,304,951
-
10a · Land, buildings and equipment: cost or other basis
$21,822
-
10b · Land, buildings and equipment: accumulated depreciation
$21,822
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $67,611,675 · end of year $68,842,274
-
12 · Investments: other securities
beginning of year $43,523,539 · end of year $54,591,350
-
17 · Accounts payable and accrued expenses
beginning of year $2,584,696 · end of year $1,140,485
-
25 · Other liabilities
beginning of year $283,972 · end of year $275,336
-
27 · Net assets without donor restrictions
beginning of year $1,285,662 · end of year $1,160,472
-
28 · Net assets with donor restrictions
beginning of year $112,334,517 · end of year $127,567,636
Mission and programs · 2023
Mission
TO SUPPORT AND FURTHER THE MISSION OF TEXAS STATE UNIVERSITY THROUGH THE ACCEPTANCE AND INVESTMENT OF GIFTS ESTABLISHED AS ENDOWMENTS BENEFITING THE STUDENTS, FACULTY AND STAFF.
Activities or mission (Part I)
ACCEPTING AND INVESTING GIFTS ESTABLISHED AS ENDOWMENTS BENEFITING THE MISSION OF TEXAS STATE UNIVERSITY.
-
THE ORGANIZATION INVESTS AND ADMINISTERS FUNDS, CONDUCTS DEVELOPMENT EFFORTS AND WORKS WITH GROUPS WHICH EXPRESS AN INTEREST IN FUND-RAISING EFFORTS, ALL FOR THE BENEFIT OF TEXAS STATE UNIVERSITY.
Expenses $4,462,497 · Grants $4,462,497
As filed on the 2023 return.
Listed in Part VII
-
Ronnye J CowellRONNYE J COWELL
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Christopher L MitchellCHRISTOPHER L MITCHELL
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Lee Doughtie IIILEE DOUGHTIE III
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
Vilma LunaVILMA LUNA
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3
-
Scott L IrvineSCOTT L IRVINE
AUDIT/FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Michal E WaechterMICHAL E WAECHTER
BOARD DEVELOPMENT CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Christopher M GarciaCHRISTOPHER M GARCIA
INVESTMENT CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Virginia Barlow MDVIRGINIA BARLOW MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jason S BradshawJASON S BRADSHAW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jodi L EdgarJODI L EDGAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Richard FlorezRICHARD FLOREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Leslie K FosslerLESLIE K FOSSLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Brian FrancisBRIAN FRANCIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Richard T GarciaRICHARD T GARCIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Sergio GarciaSERGIO GARCIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Susan GarciaSUSAN GARCIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Bryan GatesBRYAN GATES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Steven L HarveySTEVEN L HARVEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Ernest J HornERNEST J HORN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Pamela C HuewittPAMELA C HUEWITT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Carrie A HurtCARRIE A HURT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Steve W IsonSTEVE W ISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dauphen C JacksonDAUPHEN C JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jay JanecekJAY JANECEK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Alex KakhnovetsALEX KAKHNOVETS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Alan MannALAN MANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Wesley MelcherWESLEY MELCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Brad NationsBRAD NATIONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jonahthan P NelsonJONAHTHAN P NELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
JD PerezJD PEREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Tony S RidoutTONY S RIDOUT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Christian RundbergCHRISTIAN RUNDBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Kristin ScholerKRISTIN SCHOLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Wanda R SdaoWANDA R SDAO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Ernesto S SilvaERNESTO S SILVA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Bruce H SmithBRUCE H SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Karen A SoefjeKAREN A SOEFJE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Lance SpruiellLANCE SPRUIELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Joey TrevinoJOEY TREVINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Andrae L TurnerANDRAE L TURNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
John TurnerJOHN TURNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jerry VillegasJERRY VILLEGAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Bradley B WestmorelandBRADLEY B WESTMORELAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Pamela L Wills-WardPAMELA L WILLS-WARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Kelly R DamphousseDR KELLY R DAMPHOUSSE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Gene J Bourgeois IIDR GENE J BOURGEOIS II
PROVOST & VP FOR ACADEMIC
- Total calculated
- $0
- Hours/week
- 0.3
-
Eric AlgoeERIC ALGOE
VP FOR FINANCE & SUPPORT S
- Total calculated
- $0
- Hours/week
- 0.3
-
Brooks HullBROOKS HULL
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Alison MottALISON MOTT
FINANCIAL & ADMINISTRATIVE
- Total calculated
- $0
- Hours/week
- 40
-
Devin WilliamsDEVIN WILLIAMS
BUSINESS MANAGER
- Total calculated
- $0
- Hours/week
- 0.3
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
-
TEXAS STATE UNIVERSITY
$2,558,745
SCHOLARSHIPS FOR STUDENTS
-
TEXAS STATE UNIVERSITY
$1,903,752
UNIVERSITY ADVANCEMENT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510559349301811
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