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Nonprofiteer
← TEXAS TECH FOUNDATION INC

Form 990 for tax year 2024

Filed by TEXAS TECH FOUNDATION INC.

Totals

Total revenue
$226,572,047
Total expenses
$108,030,866
Contributions and grants received
$206,516,479
Grants paid
$104,980,026
Program service revenue
$0
Investment income
$19,735,940
Other revenue
$319,628
Total assets, end of year
$1,127,859,899
Total liabilities, end of year
$8,041,276
Net assets or fund balances, end of year
$1,119,818,623
Program services expenses (Part IX)
$104,980,026
Management and general expenses
$2,858,771
Fundraising expenses
$192,069
Program service expenses (Part III)
$104,980,026

Program services were 97.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PATRICK KRAMER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $416,173
    From this org
    $0
    From related orgs
    $378,043
    Other
    $38,130
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,223 related
    Bonus
    $0
    Other
    $0 + $820 related
    Deferred
    $0 + $23,460 related
    Nontaxable benefits
    $0 + $14,670 related
    Filer's total
    $0 + $416,173 related

  • KIMBERLY C FORD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • TIM LANCASTER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • JUAN NEVAREZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JAMES MAULDIN

    TREASURER

    Total calculated
    $495,443
    From this org
    $0
    From related orgs
    $456,810
    Other
    $38,633
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $456,250 related
    Bonus
    $0
    Other
    $0 + $560 related
    Deferred
    $0 + $27,919 related
    Nontaxable benefits
    $0 + $10,714 related
    Filer's total
    $0 + $495,443 related

  • STEVE GRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JIM SKINNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LESLIE WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDY MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRADLEY BOUMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KYLE MCGRAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BEN STRICKLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT WISNIEWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHERRY WRIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DAVID ALDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WALT CATHEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARRY STREET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM WINN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARNEY ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE J PARKER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • GERALD G DIXON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • GORDON DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID COPELAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID KING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LANNY LAYMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN BROWLEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY CASH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRY CROFOOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAN ELLIOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE GOREE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN HEINRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GERALD NOBLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM KEFFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL TARWATER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 TECH UNIVERSITY SYSTEM

    $104,770,496

    TO PROMOTE HIGHER EDUCATION BY PROVIDING FUNDS FOR SCHOLARSHIPS AND GENERAL FUNDS FOR OPERATION EXPENSES OF THE TEXAS TECH UNIVERSITY SYSTEM.

  • UMC FOUNDATION

    $200,000

    TO SUPPORT THE CONSTRUCTION OF THE UNIVERSITY MEDICAL CENTER'S NEW CANCER CENTER IN WHICH TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER FACULTY AND STAFF SHALL CONDUCT RESEARCH, CLINICAL, AND TEACHING ACTIVITIES, AS PART OF ITS MISSION

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TTFI HOLDINGS LLC

    ACCEPTANCE AND MANAGEMENT OF GIFTS TO TEXAS TECH UNIVERSITY · DE · income $0 · assets $2,424,967

    Directly controlled by TEXAS TECH FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
6 July 2026
IRS schema version
2024v5.5
Source object
202631949349300668

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