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Nonprofiteer
← TARLETON STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by TARLETON STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$22,632,274
Total expenses
$5,290,366
Contributions and grants received
$18,473,637
Grants paid
$4,229,587
Program service revenue
$0
Investment income
$3,954,672
Other revenue
$203,965
Total assets, end of year
$80,625,347
Total liabilities, end of year
$6,672,560
Net assets or fund balances, end of year
$73,952,787
Program services expenses (Part IX)
$4,229,587
Management and general expenses
$1,060,779
Fundraising expenses
$0
Program service expenses (Part III)
$4,229,587

Program services were 79.9% 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

    $18,473,637

  • 1g · Noncash contributions included above

    $65,976

  • 3 · Investment income

    total $1,620,067 · excluded $1,620,067

  • 7a · Gross sales of assets other than inventory

    securities $6,066,207 · other assets $940,843

  • 7b · Less cost or other basis and sales expenses

    securities $4,672,445

  • 7c · Gain or loss

    securities $1,393,762 · other assets $940,843

  • 7d · Net gain or loss

    total $2,334,605 · related or exempt $2,334,605

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $203,965 · excluded $203,965

  • 11e · Other revenue, total

    $203,965

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,229,587 · program services $4,229,587

  • 7 · Other salaries and wages

    total $66,164 · management and general $66,164

  • 10 · Payroll taxes

    total $4,980 · management and general $4,980

  • 11c · Fees: accounting

    total $16,550 · management and general $16,550

  • 11f · Fees: investment management

    total $171,939 · management and general $171,939

  • 11g · Fees: other

    total $6,233 · management and general $6,233

  • 13 · Office expenses

    total $3,705 · management and general $3,705

  • 16 · Occupancy

    total $7,400 · management and general $7,400

  • 19 · Conferences, conventions and meetings

    total $50 · management and general $50

  • 23 · Insurance

    total $2,809 · management and general $2,809

  • 24a · Other expenses: CHARITABLE ANNUITY EXP

    total $657,706 · management and general $657,706

  • 24b · Other expenses: SOFTWARE EXPENSE

    total $51,285 · management and general $51,285

  • 24c · Other expenses: TRANSACTION FEES

    total $22,967 · management and general $22,967

  • 24d · Other expenses: BOARD MEETING EXPENSE

    total $17,261 · management and general $17,261

  • 24e · All other expenses

    total $31,730 · management and general $31,730

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $698,103 · end of year $1,183,784

  • 2 · Savings and temporary cash investments

    beginning of year $688,322 · end of year $1,352,019

  • 3 · Pledges and grants receivable

    beginning of year $922,927 · end of year $10,187,543

  • 7 · Other notes and loans receivable

    beginning of year $5,383 · end of year $5,383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,288 · end of year $24,166

  • 11 · Investments: publicly traded securities

    beginning of year $57,747,175 · end of year $67,279,757

  • 15 · Other assets

    beginning of year $536,718 · end of year $592,695

  • 17 · Accounts payable and accrued expenses

    beginning of year $706,131 · end of year $1,212,036

  • 25 · Other liabilities

    beginning of year $5,456,259 · end of year $5,460,524

  • 27 · Net assets without donor restrictions

    beginning of year $4,954,003 · end of year $5,431,180

  • 28 · Net assets with donor restrictions

    beginning of year $49,501,523 · end of year $68,521,607

Mission and programs · 2024

Mission

FINANCIAL SUPPORT FOR TARLETON STATE UNIVERSITY AND SCHOLARSHIPS FOR STUDENTS ATTENDING THE UNIVERSITY

  • SCHOLARSHIPS FOR STUDENTS ATTENDING TARLETON STATE UNIVERSITY

    Expenses $1,671,047 · Grants $1,671,047

  • SUPPORT FOR VARIOUS DEPARTMENTS AND PROGRAMS OF TARLETON STATE UNIVERSITY

    Expenses $2,558,540 · Grants $2,558,540

As filed on the 2024 return.

Listed in Part VII

  • Bryan Bierschwale

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Aliceanne Brown

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lorilei Butler

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Stan Carpenter

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Rocky Hardin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Haschke

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Randy Hines

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jc Johnson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristi Kennedy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Leaverton

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Lewis

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Lisa Lopez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kade Machen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paula Matzen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Dan McCoy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark McKenzie

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Terry Miller

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Paschall

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Janis Petronis

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Alfi Pino

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Steven Ranly

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Theron Talley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Turley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Reggie Underwood

    MEMBER

    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.

Grants on this return

  • TARLETON STATE UNIVERSITY

    $2,558,540

    DEPARTMENT SUPPORT

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.

  • TSUF PROPERTIES LLC

    INVESTMENT · TX

Provenance

Return type
form_990
Tax year
2024
Filed
14 January 2026
IRS schema version
2024v5.0
Source object
202601749349301850

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