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← SUL ROSS STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by SUL ROSS STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$908,263
Total expenses
$1,005,668
Contributions and grants received
$805,101
Grants paid
$917,311
Program service revenue
$0
Investment income
$103,162
Other revenue
$0
Total assets, end of year
$1,253,468
Total liabilities, end of year
$82,500
Net assets or fund balances, end of year
$1,170,968
Program services expenses (Part IX)
$989,893
Management and general expenses
$15,775
Fundraising expenses
$0
Program service expenses (Part III)
$989,893

Program services were 98.4% 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.

  • 1d · Related organizations

    $784,754

  • 1f · All other contributions, gifts and grants

    $20,347

  • 3 · Investment income

    total $19,551 · excluded $19,551

  • 7a · Gross sales of assets other than inventory

    securities $1,626,345

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

    securities $1,542,734

  • 7c · Gain or loss

    securities $83,611

  • 7d · Net gain or loss

    total $83,611 · excluded $83,611

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $917,311 · program services $917,311

  • 11f · Fees: investment management

    total $15,025 · management and general $15,025

  • 11g · Fees: other

    total $72,582 · program services $72,582

  • 24a · Other expenses: WEBSITE FEES

    total $750 · management and general $750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $49,999

  • 2 · Savings and temporary cash investments

    beginning of year $188,089 · end of year $880,217

  • 11 · Investments: publicly traded securities

    beginning of year $1,209,832 · end of year $322,223

  • 15 · Other assets

    beginning of year $0 · end of year $1,029

  • 22 · Loans and payables to officers and key people

    beginning of year $65,300 · end of year $65,300

  • 24 · Unsecured notes and loans payable

    beginning of year $17,200 · end of year $17,200

  • 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 $1,315,421 · end of year $1,170,968

Mission and programs · 2022

Mission

FUNDRAISING SUPPORT FOR SUL ROSS STATE UNIVERSITY IN ORDER TO SUPPORT THE MISSION INCLUDING OPERATIONS, PROJECTS, AND PROGRAMS.

Activities or mission (Part I)

SUL ROSS STATE UNIVERSITY FOUNDATION WAS FORMED IN 2003 EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND SCHOLARSHIP DISTRIBUTION PURPOSES.

  • GRANTS PROVIDING SUPPORT FOR PROJECTS, PROGRAMS, AND ENDOWED FACULTY OF SUL ROSS STATE UNIVERSITY.

    Expenses $989,893 · Grants $917,311

As filed on the 2022 return.

Listed in Part VII

  • RICK STEPHENS

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • CARLA MCFARLAND

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • ROBERT WAGNON

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • BETO HINOJOSA

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JAIME VELASCO

    MEMBER

    Total calculated
    $0
    Hours/week
    0

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 July 2024
IRS schema version
2022v5.0
Source object
202411979349302461

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