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Nonprofiteer
← SMU CORP

Form 990 for tax year 2023

Filed by SMU CORP.

Totals

Total revenue
$0
Total expenses
-$40,721
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
$76,849,464
Net assets or fund balances, end of year
-$44,588,508
Program services expenses (Part IX)
-$40,721
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
-$40,721

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 -$40,721 · program services -$40,721

  • 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 $76,890,185 · end of year $76,849,464

  • 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 -$44,629,229 · end of year -$44,588,508

Mission and programs · 2023

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 -$40,721

As filed on the 2023 return.

Listed in Part VII

  • Brad Cheves

    Vice President

    Total calculated
    $980,908
    From this org
    $0
    From related orgs
    $716,523
    Other
    $264,385
    Hours/week
    1 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $587,015 related
    Bonus
    $0 + $91,000 related
    Other
    $0 + $38,508 related
    Deferred
    $0 + $172,658 related
    Nontaxable benefits
    $0 + $91,727 related
    Filer's total
    $0 + $980,908 related

  • Christine Regis

    V.P. and Treasurer

    Total calculated
    $792,191
    From this org
    $0
    From related orgs
    $706,629
    Other
    $85,562
    Hours/week
    1 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $617,806 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $13,823 related
    Deferred
    $0 + $63,943 related
    Nontaxable benefits
    $0 + $21,619 related
    Filer's total
    $0 + $792,191 related

  • Harold Stanley

    President

    Total calculated
    $500,526
    From this org
    $0
    From related orgs
    $444,533
    Other
    $55,993
    Hours/week
    1 + 38.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,848 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $16,685 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $22,993 related
    Filer's total
    $0 + $500,526 related

  • Paul Ward

    V.P. & Secretary

    Total calculated
    $743,616
    From this org
    $0
    From related orgs
    $655,264
    Other
    $88,352
    Hours/week
    1 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $563,849 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $16,415 related
    Deferred
    $0 + $63,943 related
    Nontaxable benefits
    $0 + $24,409 related
    Filer's total
    $0 + $743,616 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
2023
Filed
10 April 2025
IRS schema version
2023v6.0
Source object
202541009349301374

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