Form 990 for tax year 2022
Filed by UNIVERSITY OF TEXAS LAW SCHOOL FOUNDATION.
Totals
- Total revenue
- $16,945,573
- Total expenses
- $13,999,489
- Contributions and grants received
- $9,907,875
- Grants paid
- $12,618,400
- Program service revenue
- $0
- Investment income
- $6,444,776
- Other revenue
- $592,922
- Total assets, end of year
- $277,117,027
- Total liabilities, end of year
- $1,369,911
- Net assets or fund balances, end of year
- $275,747,116
- Program services expenses (Part IX)
- $12,662,035
- Management and general expenses
- $1,141,051
- Fundraising expenses
- $196,403
- Program service expenses (Part III)
- $12,662,035
Program services were 90.4% 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
$9,907,875
-
1g · Noncash contributions included above
$191,441
-
3 · Investment income
total $3,740,422 · unrelated business -$124,716 · excluded $3,865,138
-
5 · Royalties
total $361,725 · excluded $361,725
-
6a · Gross rents
real property $359,737
-
6b · Less rental expenses
real property $128,540
-
6c · Rental income or loss
real property $231,197
-
6d · Net rental income or loss
total $231,197 · excluded $231,197
-
7a · Gross sales of assets other than inventory
securities $33,298,503
-
7b · Less cost or other basis and sales expenses
securities $30,594,149
-
7c · Gain or loss
securities $2,704,354
-
7d · Net gain or loss
total $2,704,354 · unrelated business $179,749 · excluded $2,524,605
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $12,618,400 · program services $12,618,400
-
5 · Compensation of officers, directors and key employees
total $243,474 · management and general $243,474
-
7 · Other salaries and wages
total $63,402 · management and general $63,402
-
8 · Pension plan contributions
total $16,451 · management and general $16,451
-
9 · Other employee benefits
total $9,181 · management and general $9,181
-
10 · Payroll taxes
total $17,784 · management and general $17,784
-
11c · Fees: accounting
total $27,448 · management and general $27,448
-
11f · Fees: investment management
total $518,400 · management and general $518,400
-
11g · Fees: other
total $177,873 · management and general $2,873 · fundraising $175,000
-
13 · Office expenses
total $51,736 · management and general $30,333 · fundraising $21,403
-
16 · Occupancy
total $80,000 · management and general $80,000
-
17 · Travel
total $3,369 · management and general $3,369
-
19 · Conferences, conventions and meetings
total $94,823 · management and general $94,823
-
23 · Insurance
total $33,513 · management and general $33,513
-
24a · Other expenses: Student recruitment
total $43,635 · program services $43,635
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,091,211 · end of year $854,893
-
3 · Pledges and grants receivable
beginning of year $3,378,506 · end of year $4,139,509
-
9 · Prepaid expenses and deferred charges
beginning of year $17,264 · end of year $45,923
-
10a · Land, buildings and equipment: cost or other basis
$6,930,147
-
10c · Land, buildings and equipment, net
beginning of year $6,930,147 · end of year $6,930,147
-
11 · Investments: publicly traded securities
beginning of year $149,084,867 · end of year $153,174,484
-
12 · Investments: other securities
beginning of year $84,054,123 · end of year $92,224,697
-
13 · Investments: program-related
beginning of year $3,659,118 · end of year $3,659,118
-
15 · Other assets
beginning of year $15,242,879 · end of year $16,088,256
-
17 · Accounts payable and accrued expenses
beginning of year $29,095 · end of year $17,967
-
18 · Grants payable
beginning of year $2,152,799 · end of year $1,311,672
-
19 · Deferred revenue
beginning of year $41,272 · end of year $40,272
-
27 · Net assets without donor restrictions
beginning of year $7,229,396 · end of year $8,845,231
-
28 · Net assets with donor restrictions
beginning of year $254,005,553 · end of year $266,901,885
Mission and programs · 2022
Mission
The mission of the Law School Foundation is the development, management, and enhancement of the financial and administrative resources which support the University of Texas School of Law.
Activities or mission (Part I)
Provide support to the University of Texas School of Law.
-
Over the past 10 years, the Foundation has provided approximately $90 million of financial support to the Law School. This support is provided through endowments and other designated gifts, as well as support provided from funds of the Foundation itself. Many different initiatives are funded through this support such as student scholarships and fellowships, faculty chairs and professorships, and programs such as the Pro Bono program, and the Center for Women in Law.
Expenses $12,662,035 · Grants $12,618,400
As filed on the 2022 return.
Listed in Part VII
-
S Jack Balagia Jr
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Susan L Blount
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
T Del Williams
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn Aboussie
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Ruth K Agather
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott J Atlas
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Douglas Y Bech
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
David J Beck
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura H Beckworth
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Alfred H Bennett
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Bruce A Broillet
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephen L Burns
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Parker C Folse
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Robin C Gibbs
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Rene Gonzalez
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Michelle P Goolsby
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
John A Guerra
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Ricardo H Hinojosa
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Kay Bailey Hutchison
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Wallace B Jefferson
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Arleas Upton Kea
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Tracey A Kennedy
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
JoAnn Lee
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe R Long
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Kimberly Lubel
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
John H Massey
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
David R McAtee II
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian T McLaughlin
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Wilson S Neely
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Milam F Newby
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Harry M Reasoner
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Ann B Stern
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Lisa S Tsai
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert C Walters
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
William O Whitehurst
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan Hartenstein
Executive Director
- Total calculated
- $243,474
- From this org
- $216,594
- From related orgs
- $0
- Other
- $26,880
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,594
- Bonus
- $5,000
- Other
- $0
- Deferred
- $26,880
- Nontaxable benefits
- $0
- Filer's total
- $243,474
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 · Form 990 of other organizations
- 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
-
The University of Texas School of Law
$12,618,400
Faculty, program and student support
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
Gov · Education · TX
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.
-
UTLSF Holdings LLC
Holding Company · TX · income $0 · assets $0
Directly controlled by University of Texas Law School Foundation
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421169349301187
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