Form 990 for tax year 2023
Filed by THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY FOUNDATION.
Totals
- Total revenue
- $3,845,017
- Total expenses
- $3,594,290
- Contributions and grants received
- $2,582,758
- Grants paid
- $2,925,531
- Program service revenue
- $0
- Investment income
- $1,262,259
- Other revenue
- $0
- Total assets, end of year
- $46,924,808
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $46,924,808
- Program services expenses (Part IX)
- $2,925,531
- Management and general expenses
- $570,686
- Fundraising expenses
- $98,073
- Program service expenses (Part III)
- $2,925,531
Program services were 81.4% 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.
-
1f · All other contributions, gifts and grants
$2,582,758
-
3 · Investment income
total $1,142,697 · excluded $1,142,697
-
7a · Gross sales of assets other than inventory
securities $10,658,637
-
7b · Less cost or other basis and sales expenses
securities $10,539,075
-
7c · Gain or loss
securities $119,562
-
7d · Net gain or loss
total $119,562 · excluded $119,562
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,847,531 · program services $2,847,531
-
2 · Grants to domestic individuals
total $78,000 · program services $78,000
-
11a · Fees: management
total $399,379 · management and general $399,379
-
11f · Fees: investment management
total $6,938 · management and general $6,938
-
11g · Fees: other
total $106,160 · management and general $106,160
-
13 · Office expenses
total $3,135 · management and general $3,135
-
17 · Travel
total $8,794 · management and general $8,794
-
23 · Insurance
total $15,565 · management and general $15,565
-
24a · Other expenses: SUPPORT SERVICES
total $98,073 · fundraising $98,073
-
24b · Other expenses: SUPPORT & MAINTENANCE
total $16,125 · management and general $16,125
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $8,058 · management and general $8,058
-
24d · Other expenses: ARMOR CAR
total $2,198 · management and general $2,198
-
24e · All other expenses
total $4,334 · management and general $4,334
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,651,973 · end of year $2,290,425
-
4 · Accounts receivable
beginning of year $29 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $2,049 · end of year $1,161
-
11 · Investments: publicly traded securities
beginning of year $37,896,561 · end of year $43,570,044
-
15 · Other assets
beginning of year $1,041,923 · end of year $1,063,178
-
17 · Accounts payable and accrued expenses
beginning of year $157,500 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $4,013,242 · end of year $5,175,385
-
28 · Net assets with donor restrictions
beginning of year $37,421,793 · end of year $41,749,423
Mission and programs · 2023
Mission
THE MISSION IS TO INCREASE THE UNIVERSITY ENDOWMENT BY CONNECTING ALL SEGMENTS OF THE UNIVERSITY TO THE COMMUNITY AND CORPORATE WORLD THROUGH VALUE ENHANCING RELATIONSHIPS AND AWARD SCHOLARSHIPS AND/OR PROVIDE SUPPORT TO THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY.
-
SCHOLARSHIPS AWARDED AND SUPPORT GIVEN TO THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY AND OTHER COLLEGES AND UNIVERSITIES.
Expenses $2,925,531 · Grants $2,925,531
As filed on the 2023 return.
Listed in Part VII
-
Jason LealJASON LEAL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Armando ArismendiARMANDO ARISMENDI
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Leonardo ChangLEONARDO CHANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael WillamsonMICHAEL WILLAMSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Roland GonzalezROLAND GONZALEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Carlos Manrique MDCARLOS MANRIQUE MD
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Carlos Marin PhD PECARLOS MARIN PHD PE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kenneth JohnsonKENNETH JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mauricio Salinas MDMAURICIO SALINAS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul SerafyPAUL SERAFY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Clarissa ClarkCLARISSA CLARK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel Martinez JrDANIEL MARTINEZ JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Suzanne E Munoz CPASUZANNE E MUNOZ CPA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Joel Solis MDJOEL SOLIS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Susie OliveiraSUSIE OLIVEIRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
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
-
THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY
$1,038,497
SCHOLARSHIPS AND PROGRAM SUPPORT
-
TEXAS A&M UNIVERSITY - COLLEGE STATION
$15,250
SCHOLARSHIPS
-
$10,500
SCHOLARSHIPS
-
TEXAS A&M KINGSVILLE
$10,250
SCHOLARSHIPS
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.
-
THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY
501(C)(3) · UNIVERSITY · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501819349301340
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