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Nonprofiteer
← SMU CORP

Form 990 for tax year 2022

Filed by SMU CORP.

Totals

Total revenue
$0
Total expenses
-$4,677
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$32,260,956
Total liabilities, end of year
$76,890,185
Net assets or fund balances, end of year
-$44,629,229
Program services expenses (Part IX)
-$4,677
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
-$4,677

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.

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

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

  • 24a · Other expenses: Accretion Expense

    total -$4,677 · program services -$4,677

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $32,260,956

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $32,260,956 · end of year $32,260,956

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,894,864 · end of year $76,890,185

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$44,633,908 · end of year -$44,629,229

Mission and programs · 2022

Mission

The organization's exempt purpose is to support Southern Methodist University and The George W. Bush Foundation by promoting The George W. Bush Presidential Library and Museum, which was constructed and is operated by The George W. Bush Foundation.

Activities or mission (Part I)

Supporting Organization for Southern Methodist University and The George W. Bush Foundation.

  • SMU Corp. supported The George W Bush Presidential Library and Museum by entering into a ground lease agreement with The George W Bush Foundation.

    Expenses -$4,677

As filed on the 2022 return.

Listed in Part VII

  • Brad Cheves

    Vice President

    Total calculated
    $906,215
    From this org
    $0
    From related orgs
    $691,334
    Other
    $214,881
    Hours/week
    1 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $552,484 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $38,850 related
    Deferred
    $0 + $155,500 related
    Nontaxable benefits
    $0 + $59,381 related
    Filer's total
    $0 + $906,215 related

  • Christine Regis

    V.P. and Treasurer

    Total calculated
    $779,497
    From this org
    $0
    From related orgs
    $654,119
    Other
    $125,378
    Hours/week
    1 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $564,524 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $14,595 related
    Deferred
    $0 + $105,500 related
    Nontaxable benefits
    $0 + $19,878 related
    Filer's total
    $0 + $779,497 related

  • Harold Stanley

    President

    Total calculated
    $480,975
    From this org
    $0
    From related orgs
    $427,873
    Other
    $53,102
    Hours/week
    1 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,216 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $16,657 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $22,602 related
    Filer's total
    $0 + $480,975 related

  • Jesse Adkins

    Assistant Secretary

    Total calculated
    $24,158
    From this org
    $0
    From related orgs
    $21,900
    Other
    $2,258
    Hours/week
    1 + 4 related

  • Paul Ward

    V.P. & Secretary

    Total calculated
    $752,122
    From this org
    $0
    From related orgs
    $624,104
    Other
    $128,018
    Hours/week
    1 + 42.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $530,217 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $18,887 related
    Deferred
    $0 + $105,500 related
    Nontaxable benefits
    $0 + $22,518 related
    Filer's total
    $0 + $752,122 related

  • Southern Methodist University

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 3 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
SMU Corp is a supporting organization for Southern Methodist University, a 501(c)(3) tax exempt organization. The officers receive employment compensation from Southern Methodist University

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

No itemized grants to organizations 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
12 April 2024
IRS schema version
2022v5.0
Source object
202431039349300943

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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