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Nonprofiteer
← UNIVERSITY OF THE SOUTHWEST FOUNDATION

Form 990 for tax year 2024

Filed by UNIVERSITY OF THE SOUTHWEST FOUNDATION.

Totals

Total revenue
$1,264,678
Total expenses
$632,812
Contributions and grants received
$319,244
Grants paid
$627,262
Program service revenue
$0
Investment income
$523,555
Other revenue
$421,879
Total assets, end of year
$22,459,892
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$22,459,892
Program services expenses (Part IX)
$627,262
Management and general expenses
$5,550
Fundraising expenses
$0
Program service expenses (Part III)
$627,262

Program services were 99.1% 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

    $253,215

  • 1f · All other contributions, gifts and grants

    $66,029

  • 3 · Investment income

    total $369,860 · excluded $369,860

  • 5 · Royalties

    total $421,879 · excluded $421,879

  • 7a · Gross sales of assets other than inventory

    securities $1,052,861

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

    securities $899,166

  • 7c · Gain or loss

    securities $153,695

  • 7d · Net gain or loss

    total $153,695 · excluded $153,695

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $627,262 · program services $627,262

  • 11c · Fees: accounting

    total $5,550 · management and general $5,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,834 · end of year $14,607

  • 2 · Savings and temporary cash investments

    beginning of year $90,851 · end of year $108,959

  • 11 · Investments: publicly traded securities

    beginning of year $17,586,451 · end of year $19,697,188

  • 12 · Investments: other securities

    beginning of year $2,628,076 · end of year $2,639,138

  • 27 · Net assets without donor restrictions

    beginning of year $15,511,642 · end of year $16,903,896

  • 28 · Net assets with donor restrictions

    beginning of year $4,899,570 · end of year $5,555,996

Mission and programs · 2024

Mission

TO SUPPORT THE MISSION AND OPERATIONS OF UNIVERSITY OF THE SOUTHWEST, A CHRIST-CENTERED EDUCATIONAL COMMUNITY DEDICATED TO DEVELOPING MEN AND WOMEN FOR A LIFETIME OF SERVANT LEADERSHIP BY EMPHASIZING FAITH, RESPONSIBILITY AND INITIATIVE.

Activities or mission (Part I)

TO SUPPORT THE MISSION AND OPERATIONS OF UNIVERSITY OF THE SOUTHWEST.

  • SUPPORT THE MISSION AND OPERATION OF UNIVERSITY OF THE SOUTHWEST BY PROVIDING FUNDS FOR SCHOLARSHIPS AND OPERATIONS.

    Expenses $627,262 · Grants $627,262

As filed on the 2024 return.

Listed in Part VII

  • Michael Pearson

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Ryan Tipton

    CEO

    Total calculated
    $330,793
    From this org
    $0
    From related orgs
    $312,715
    Other
    $18,078
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,881 related
    Bonus
    $0 + $10,834 related
    Other
    $0
    Deferred
    $0 + $6,298 related
    Nontaxable benefits
    $0 + $11,780 related
    Filer's total
    $0 + $330,793 related

  • Larry Gandy

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Summer Wright

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lisa Hardison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Randy Hobbs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lee Roberson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • R Finn Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Samuel S Spencer Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Paula Smith

    TREASURER

    Total calculated
    $167,212
    From this org
    $0
    From related orgs
    $160,152
    Other
    $7,060
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,231 related
    Bonus
    $0 + $5,921 related
    Other
    $0
    Deferred
    $0 + $3,203 related
    Nontaxable benefits
    $0 + $3,857 related
    Filer's total
    $0 + $167,212 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

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

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349308292

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