Form 990 for tax year 2022
Filed by UNIVERSITY OF TEXAS FOUNDATION.
Totals
- Total revenue
- $47,631,342
- Total expenses
- $50,729,809
- Contributions and grants received
- $46,215,930
- Grants paid
- $47,486,992
- Program service revenue
- $0
- Investment income
- $1,153,704
- Other revenue
- $261,708
- Total assets, end of year
- $83,486,599
- Total liabilities, end of year
- $41,339,032
- Net assets or fund balances, end of year
- $42,147,567
- Program services expenses (Part IX)
- $50,036,841
- Management and general expenses
- $692,968
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $50,036,841
Program services were 98.6% 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
$46,215,930
-
1g · Noncash contributions included above
$5,318,255
-
3 · Investment income
total $825,997 · excluded $825,997
-
7a · Gross sales of assets other than inventory
securities $11,396,599
-
7b · Less cost or other basis and sales expenses
securities $11,068,892
-
7c · Gain or loss
securities $327,707
-
7d · Net gain or loss
total $327,707 · excluded $327,707
-
11a · Other revenue: OTHER INCOME
total $261,708 · related or exempt $261,708
-
11e · Other revenue, total
$261,708
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $47,384,509 · program services $47,384,509
-
2 · Grants to domestic individuals
total $102,483 · program services $102,483
-
5 · Compensation of officers, directors and key employees
total $204,852 · management and general $204,852
-
7 · Other salaries and wages
total $223,375 · management and general $223,375
-
8 · Pension plan contributions
total $17,300 · management and general $17,300
-
10 · Payroll taxes
total $30,713 · management and general $30,713
-
11c · Fees: accounting
total $28,750 · management and general $28,750
-
11f · Fees: investment management
total $21,368 · management and general $21,368
-
11g · Fees: other
total $33,260 · management and general $33,260
-
13 · Office expenses
total $100,552 · management and general $100,552
-
22 · Depreciation, depletion and amortization
total $28,932 · management and general $28,932
-
24a · Other expenses: ANNUITY PAYMENTS
total $2,379,857 · program services $2,379,857
-
24b · Other expenses: CHANCELLOR'S BUSINESS E
total $169,992 · program services $169,992
-
24c · Other expenses: STATE REGISTRATION EXPE
total $3,866 · management and general $3,866
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $4,858,212 · end of year $7,582,637
-
3 · Pledges and grants receivable
beginning of year $10,797,077 · end of year $9,266,983
-
4 · Accounts receivable
beginning of year $1,104,900 · end of year $103,165
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $880
-
10a · Land, buildings and equipment: cost or other basis
$670,275
-
10b · Land, buildings and equipment: accumulated depreciation
$113,794
-
10c · Land, buildings and equipment, net
beginning of year $585,413 · end of year $556,481
-
11 · Investments: publicly traded securities
beginning of year $64,747,702 · end of year $50,485,393
-
15 · Other assets
beginning of year $6,786,180 · end of year $15,491,060
-
17 · Accounts payable and accrued expenses
beginning of year $5,587,074 · end of year $4,929,046
-
18 · Grants payable
beginning of year $10,797,077 · end of year $9,266,983
-
25 · Other liabilities
beginning of year $29,149,045 · end of year $27,143,003
-
27 · Net assets without donor restrictions
beginning of year $16,904,757 · end of year $14,768,562
-
28 · Net assets with donor restrictions
beginning of year $26,441,531 · end of year $27,379,005
Mission and programs · 2022
Mission
TO ADVANCE EDUCATION THROUGH FINANCIAL SUPPORT OF THE UNIVERSITY OF TEXAS SYSTEM, INCLUDING ALL OF ITS BRANCHES, DEPARTMENTS, SCHOOLS AND COLLEGES AT ITS THIRTEEN INSTITUTIONS, TO IMPROVE ITS RESEARCH, TEACHING, SCHOLARSHIP, FACULTIES AND FACILITIES.
Activities or mission (Part I)
TO PROVIDE SUPPORT TO THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS.
-
EDUCATIONAL PURPOSE - GIFTS TO VARIOUS DEPARTMENTS AT THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS FOR VARIOUS EDUCATIONAL AND RESEARCH PROJECTS
Expenses $47,656,984 · Grants $47,486,992
-
PAYMENTS MADE TO MEET CONDITIONS OF GIFTS TO THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS.
Expenses $2,379,857
As filed on the 2022 return.
Listed in Part VII
-
Betsy Chadderdon FrantzBETSY CHADDERDON FRANTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles W Matthews JrCHARLES W MATTHEWS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hector DeleonHECTOR DELEON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wofford DeniusWOFFORD DENIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melinda Hill PerrinMELINDA HILL PERRIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael L CookMICHAEL L COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle BrockMICHELLE BROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
R Gordon ApplemanR GORDON APPLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rex G Baker IIIREX G BAKER III
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Shannon H RatliffSHANNON H RATLIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sonia PerezSONIA PEREZ
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Thomas J PerichTHOMAS J PERICH
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Brian T McLaughlinBRIAN T MCLAUGHLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alfred M MeyersonALFRED M MEYERSON
VP AND SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tim TaylorTIM TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracy Laquey ParkerTRACY LAQUEY PARKER
VP AND TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sheri DespainSHERI DESPAIN
EXECUTIVE DIRECTOR AND CFO
- Total calculated
- $204,852
- From this org
- $180,000
- From related orgs
- $0
- Other
- $24,852
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,000
- Bonus
- $0
- Other
- $0
- Deferred
- $7,200
- Nontaxable benefits
- $17,652
- Filer's total
- $204,852
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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
-
UNIVERSITY OF TEXAS AUSTIN
$20,390,027
EDUCATIONAL/RESEARCH
-
UTMD ANDERSON
$15,960,075
EDUCATIONAL/RESEARCH
-
UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER SAN ANTONIO
$2,753,819
EDUCATIONAL/RESEARCH
-
UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER HOUSTON
$2,468,403
EDUCATIONAL/RESEARCH
-
UNIVERSITY OF TEXAS EL PASO
$1,916,763
EDUCATIONAL/RESEARCH
-
UNIVERSITY OF TEXAS DALLAS
$1,916,072
EDUCATIONAL/RESEARCH
-
UNIVERSITY OF TEXAS SAN ANTONIO
$1,079,304
EDUCATIONAL/RESEARCH
-
UNIVERSITY OF TEXAS ARLINGTON
$410,448
EDUCATIONAL/RESEARCH AND SCHOLARSHIPS
-
UNIVERSITY OF TEXAS SYSTEM
$117,012
EDUCATIONAL/RESEARCH AND SCHOLARSHIPS
-
UTMB GALVESTON
$99,482
EDUCATIONAL/RESEARCH
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
UNIVERSITY OF TEXAS FOUNDATION NO I INC
501(C)(3) · TO SUPPORT THE UNVERSITY OF TEXAS · TX
-
UNIVERSITY OF TEXAS FOUNDATION NO 2 INC
501(C)(3) · TO SUPPORT THE UNVERSITY OF TEXAS · TX
-
UT FOUNDATION UK LIMITED
EXEMPT ORGANIZATION · TO SUPPORT THE UNVERSITY OF TEXAS · UK
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.
-
UT FOUNDATION LLC
TO SUPPORT THE UNIVERSITY OF TEXAS · MT · income $0 · assets $0
Directly controlled by UNIVERSITY OF TEXAS FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322859349301417
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