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← SOUTHWESTERN UNIVERSITY

Form 990 for tax year 2024

Filed by SOUTHWESTERN UNIVERSITY.

Totals

Total revenue
$132,002,761
Total expenses
$125,314,099
Contributions and grants received
$10,393,346
Grants paid
$45,415,794
Program service revenue
$90,652,524
Investment income
$29,016,447
Other revenue
$1,940,444
Total assets, end of year
$694,203,514
Total liabilities, end of year
$127,929,671
Net assets or fund balances, end of year
$566,273,843
Program services expenses (Part IX)
$103,326,175
Management and general expenses
$20,131,968
Fundraising expenses
$1,855,956
Program service expenses (Part III)
$103,326,175

Program services were 82.5% 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.

  • 1c · Fundraising events

    $19,595

  • 1e · Government grants (contributions)

    $852,858

  • 1f · All other contributions, gifts and grants

    $9,520,893

  • 1g · Noncash contributions included above

    $1,702,148

  • 2a · Program service revenue: TUITION & FEES

    total $75,586,553 · related or exempt $75,586,553

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $15,065,971 · related or exempt $14,746,224 · unrelated business $319,747

  • 3 · Investment income

    total $7,010,116 · unrelated business $444,558 · excluded $6,565,558

  • 4 · Income from investment of tax-exempt bond proceeds

    total $2,653,750 · excluded $2,653,750

  • 5 · Royalties

    total $12,513 · excluded $12,513

  • 6a · Gross rents

    real property $4,200

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,200

  • 6d · Net rental income or loss

    total $4,200 · excluded $4,200

  • 7a · Gross sales of assets other than inventory

    securities $380,905,813 · other assets $190

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

    securities $361,542,701 · other assets $10,721

  • 7c · Gain or loss

    securities $19,363,112 · other assets -$10,531

  • 7d · Net gain or loss

    total $19,352,581 · excluded $19,352,581

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $19,595

  • 8b · Fundraising events: direct expenses

    $7,732

  • 8c · Net income from fundraising events

    total -$7,732 · excluded -$7,732

  • 11a · Other revenue: SUMMER STUDY ABROAD

    total $418,624 · related or exempt $418,624

  • 11b · Other revenue: CAR REGISTRATION FEES

    total $287,520 · related or exempt $287,520

  • 11c · Other revenue: MISCELLANEOUS STUDENT FEES

    total $156,274 · related or exempt $156,274

  • 11d · All other revenue

    total $1,069,045 · related or exempt $1,069,045

  • 11e · Other revenue, total

    $1,931,463

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $45,097,298 · program services $45,097,298

  • 3 · Grants to foreign organizations and individuals

    total $318,496 · program services $318,496

  • 5 · Compensation of officers, directors and key employees

    total $2,711,549 · program services $806,254 · management and general $1,289,669 · fundraising $615,626

  • 7 · Other salaries and wages

    total $28,910,152 · program services $23,109,108 · management and general $5,057,692 · fundraising $743,352

  • 8 · Pension plan contributions

    total $1,646,299 · program services $1,294,130 · management and general $311,415 · fundraising $40,754

  • 9 · Other employee benefits

    total $5,118,947 · program services $3,645,654 · management and general $1,350,797 · fundraising $122,496

  • 10 · Payroll taxes

    total $2,198,701 · program services $1,656,334 · management and general $461,386 · fundraising $80,981

  • 11b · Fees: legal

    total $205,275 · management and general $205,275

  • 11c · Fees: accounting

    total $174,474 · management and general $174,474

  • 11f · Fees: investment management

    total $3,931,249 · management and general $3,931,249

  • 11g · Fees: other

    total $5,727,392 · program services $5,287,074 · management and general $434,053 · fundraising $6,265

  • 12 · Advertising and promotion

    total $14,570 · program services $14,548 · management and general $22

  • 13 · Office expenses

    total $1,003,507 · program services $669,370 · management and general $323,510 · fundraising $10,627

  • 14 · Information technology

    total $2,448,528 · program services $459,464 · management and general $1,962,826 · fundraising $26,238

  • 15 · Royalties

    total $7,116 · program services $7,116

  • 16 · Occupancy

    total $3,194,204 · program services $2,865,985 · management and general $312,459 · fundraising $15,760

  • 17 · Travel

    total $1,752,816 · program services $1,607,430 · management and general $84,134 · fundraising $61,252

  • 19 · Conferences, conventions and meetings

    total $173,868 · program services $169,106 · management and general $4,753 · fundraising $9

  • 20 · Interest

    total $1,078,704 · program services $1,036,405 · management and general $35,765 · fundraising $6,534

  • 22 · Depreciation, depletion and amortization

    total $8,008,290 · program services $7,356,771 · management and general $603,010 · fundraising $48,509

  • 23 · Insurance

    total $1,211,038 · program services $967,387 · management and general $237,095 · fundraising $6,556

  • 24a · Other expenses: ATHLETICS

    total $748,739 · program services $730,487 · management and general $18,252

  • 24b · Other expenses: HOUSING

    total $642,110 · program services $642,110

  • 24c · Other expenses: LIBRARY

    total $626,051 · program services $626,051

  • 24d · Other expenses: MAINTENANCE

    total $531,596 · program services $469,350 · management and general $59,138 · fundraising $3,108

  • 24e · All other expenses

    total $7,833,130 · program services $4,490,247 · management and general $3,274,994 · fundraising $67,889

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $967,064 · end of year $5,692,326

  • 2 · Savings and temporary cash investments

    beginning of year $18,371,550 · end of year $1,297,955

  • 3 · Pledges and grants receivable

    beginning of year $10,996,160 · end of year $10,814,236

  • 4 · Accounts receivable

    beginning of year $1,845,498 · end of year $2,719,680

  • 7 · Other notes and loans receivable

    beginning of year $895,180 · end of year $311,592

  • 8 · Inventories for sale or use

    beginning of year $116,697 · end of year $427,753

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,490,884 · end of year $2,034,577

  • 10a · Land, buildings and equipment: cost or other basis

    $339,692,626

  • 10b · Land, buildings and equipment: accumulated depreciation

    $136,085,421

  • 10c · Land, buildings and equipment, net

    beginning of year $163,177,812 · end of year $203,607,205

  • 11 · Investments: publicly traded securities

    beginning of year $230,171,636 · end of year $210,993,946

  • 12 · Investments: other securities

    beginning of year $235,108,212 · end of year $250,276,679

  • 15 · Other assets

    beginning of year $5,678,536 · end of year $6,027,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,023,644 · end of year $17,023,644

  • 18 · Grants payable

    beginning of year $908,093 · end of year $618,383

  • 19 · Deferred revenue

    beginning of year $3,418,212 · end of year $3,854,990

  • 20 · Tax-exempt bond liabilities

    beginning of year $101,759,284 · end of year $99,871,373

  • 23 · Secured mortgages and notes payable

    beginning of year $3,815,175 · end of year $2,955,583

  • 25 · Other liabilities

    beginning of year $2,842,883 · end of year $3,605,698

  • 27 · Net assets without donor restrictions

    beginning of year $176,380,255 · end of year $172,480,789

  • 28 · Net assets with donor restrictions

    beginning of year $367,671,683 · end of year $393,793,054

Mission and programs · 2024

Mission

SOUTHWESTERN UNIVERSITY, UNDER THE AUSPICES OF THE UNITED METHODIST CHURCH, IS COMMITTED TO UNDERGRADUATE LIBERAL ARTS EDUCATION INVOLVING BOTH THE STUDY OF AND PARTICIPATION IN SIGNIFICANT ASPECTS OF OUR CULTURAL HERITAGE, EXPRESSED PRIMARILY THROUGH THE ARTS, THE SCIENCES, THE INSTITUTIONS, AND THE PROFESSIONS OF SOCIETY. SEE SCHEDULE O FORM 990, PART 1, LINE 1 NOTE FOR SOUTHWESTERN UNIVERSITY'S COMPLETE MISSION.

Activities or mission (Part I)

SOUTHWESTERN UNIVERSITY, UNDER THE AUSPICES OF THE UNITED METHODIST CHURCH, IS COMMITTED TO UNDERGRADUATE LIBERAL EDUCATION INVOLVING BOTH THE STUDY OF AND PARTICIPATION IN SIGNIFICANT ASPECTS OF OUR CULTURAL HERITAGE, EXPRESSED PRIMARILY THROUGH THE ARTS, THE SCIENCES, THE INSTITUTIONS AND THE PROFESSIONS OF SOCIETY. AS A TEACHING-LEARNING COMMUNITY, SOUTHWESTERN ENCOURAGES RIGOROUS INQUIRY AND SCHOLARSHIP, CREATIVE TEACHING, AND THE EXPRESSION OF FREE HUMAN LIFE. THE UNIVERSITY SEEKS TO INVOLVE THE STUDENT IN FINDING A PERSONAL AND SOCIAL DIRECTION FOR LIFE, DEVELOPING MORE SENSITIVE METHODS OF COMMUNICATION, CULTIVATING THOSE QUALITIES AND SKILLS WHICH MAKE FOR PERSONAL AND PROFESSIONAL EFFECTIVENESS, AND LEARNING TO THINK CLEARLY AND MAKE RELEVANT JUDGMENTS AND DISCRIMINATIONS.

  • INSTRUCTIONAL SERVICES AND FINANCIAL ASSISTANCE: THE UNIVERSITY'S PRIMARY MISSION IS FOSTERING A LIBERAL ARTS EDUCATIONAL COMMUNITY OF THE HIGHEST CALIBER. THE UNIVERSITY SEEKS TO DEVELOP A COMMUNITY OF SCHOLARS IN BOTH ITS FACULTY AND STUDENT BODY THAT IS SELF-CRITICAL AND TOUGH-MINDED, AND THAT MAINTAINS RIGOROUS ACADEMIC STANDARDS. THOUGH ITS PAIDEIA PROGRAM, THE UNIVERSITY TRANSCENDS CONVENTIONAL APPROACHES TO TEACHING AND LEARNING THROUGH A STUDENT-DRIVEN, FACULTY-LED EXPERIENCE. THE PROGRAM EMPHASIZES INTELLECTUAL CURIOSITY, PROMOTES CONNECTIONS BETWEEN ACADEMIC COURSES, OFFERS INTERCULTURAL AND DIVERSITY EXPERIENCES, ENCOURAGES CIVIC ENGAGEMENT, AND SUPPORTS COLLABORATIVE OR GUIDED RESEARCH AND CREATIVE WORKS. FOR THE YEAR, THE UNIVERSITY PROVIDED SERVICES TO APPROXIMATELY 1,500 STUDENTS IN ITS ACADEMIC INSTRUCTIONAL PROGRAMS. MOST OF THE UNIVERSITY'S ENROLLMENT IS TRADITIONAL COLLEGE-AGE STUDENTS, AND FOR THE FALL 2024 SEMESTER, 98.8% WERE ENROLLED FULL-TIME (12 OR MORE CREDIT HOURS FOR THE SEMESTER). THE STUDENT-TEACHER RATIO WAS APPROXIMATELY 11:1 IN THE CURRENT YEAR. APPROXIMATELY 98% OF STUDENTS RECEIVED INSTITUTIONAL FINANCIAL ASSISTANCE. APPROXIMATELY 56% OF UNIVERSITY STUDENTS RECEIVED NEED-BASED FINANCIAL ASSISTANCE.

    Expenses $77,888,045 · Grants $45,415,795 · Revenue $52,860,278

  • STUDENT SERVICES: THE UNIVERSITY SEEKS TO SUPPORT ITS PRIMARY ACADEMIC MISSION THROUGH ROBUST STUDENT SERVICES FOR ITS PRIMARILY RESIDENTIAL LIBERAL ARTS CAMPUS. STUDENT SERVICES INCLUDE THE POLICE DEPARTMENT, STUDENT ACTIVITIES, RESIDENTIAL LIFE ADMINISTRATION, CAREER COUNSELING SERVICES, STUDENT HEALTH AND COUNSELING SERVICES, NCAA III ATHLETICS, INTRAMURAL SPORTS, AND OTHER SERVICES VITAL TO SUPPORT A RESIDENTIAL ACADEMIC COMMUNITY OF THE HIGHEST CALIBER AND QUALITY.

    Expenses $13,704,804 · Revenue $22,726,275

  • AUXILIARY ENTERPRISES INCLUDE STUDENT RESIDENTIAL CENTER OPERATION AND FOOD SERVICE OPERATIONS. FOR THIS ACADEMIC YEAR, APPROXIMATELY 68.8% OF THE STUDENT BODY LIVED ON CAMPUS IN RESIDENTIAL CENTERS. RESIDENTIAL CENTERS INCLUDE LIVING/LEARNING CENTERS WHICH INTEGRATE CLASSROOM AND OTHER EXPERIENCES INTO THE RESIDENTIAL ENVIRONMENT. FOOD SERVICES IS PROVIDED PRIMARILY FOR RESIDENTIAL AND NON RESIDENTIAL STUDENT USAGE, FACULTY, STAFF, AND GUESTS OF THE UNIVERSITY. AUXILIARY ENTERPRISES EXPENSES INCLUDE DEPRECIATION, INTEREST, AND PHYSICAL PLANT EXPENSE ALLOCATIONS.

    Expenses $11,733,326 · Revenue $16,677,687

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LAURA SKANDERA TROMBLEY

    TRUSTEE & PRESIDENT

    Total calculated
    $900,373
    From this org
    $745,895
    From related orgs
    $0
    Other
    $154,478
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $678,620
    Bonus
    $15,000
    Other
    $52,275
    Deferred
    $24,150
    Nontaxable benefits
    $130,328
    Filer's total
    $900,373

  • CHRISTOPHER E CRAGG

    TRUSTEE & CHAIR

    Total calculated
    $0
    Hours/week
    4 + 0.1 related

  • SYLVIA J KERRIGAN

    TRUSTEE & VICE CHAIR

    Total calculated
    $0
    Hours/week
    3.5

  • R GRIFFIN LORD

    TRUSTEE & SEC/TREAS

    Total calculated
    $0
    Hours/week
    3 + 0.1 related

  • MELISSA T ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • H BRENT AUSTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JORGE C DIAZ CUERVO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • KATIE DORSEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.5

  • CYNTHIA F HARVEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • LAURA K HINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • BRIAN T JACKSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.5

  • JEAN T JANSSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • GLOVER OL JOHNSON III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • ED JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • DALE T KNOBEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • FRANK P KRASOVEC

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.5

  • KEVIN J LILLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • AMANDA M MCMILLIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • CASSANDRA M MCZEAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.5

  • ELIZABETH G MEDINA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • LAURA A MERRILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • BELEN C MICKLAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • THOMAS J PACE III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • CLAIRE PEEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • REX L PREIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • RICKY A RAVEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • STEPHEN RESSLING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • H BLAKE STANFORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.5

  • KRISTIN STARODUB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • AJAY THOMAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • VERONICA V STIDVENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JAVIER URIBE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • LORRI J WHITE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • K ELIZABETH YEAGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • M KATE YORK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • MIGUEL J ZORRILLA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.5

  • LENORA CHAPMAN

    VP FOR FINANCE & ADMINISTRATION

    Total calculated
    $333,224
    From this org
    $299,876
    From related orgs
    $0
    Other
    $33,348
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $299,876
    Bonus
    $0
    Other
    $0
    Deferred
    $21,004
    Nontaxable benefits
    $12,344
    Filer's total
    $333,224

  • MARIE MUHVIC

    VP FOR UNIVERSITY RELATIONS

    Total calculated
    $292,304
    From this org
    $267,303
    From related orgs
    $0
    Other
    $25,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,303
    Bonus
    $0
    Other
    $0
    Deferred
    $15,750
    Nontaxable benefits
    $9,251
    Filer's total
    $292,304

  • THOMAS DELAHUNT

    VP FOR STRATEGIC RECRUITMENT & ENROLLMENT

    Total calculated
    $298,852
    From this org
    $261,047
    From related orgs
    $0
    Other
    $37,805
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,047
    Bonus
    $0
    Other
    $0
    Deferred
    $18,248
    Nontaxable benefits
    $19,557
    Filer's total
    $298,852

  • ALISA MCALISTER GAUNDER

    DEAN OF THE FACULTY

    Total calculated
    $280,013
    From this org
    $245,708
    From related orgs
    $0
    Other
    $34,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,708
    Bonus
    $0
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $16,805
    Filer's total
    $280,013

  • KENT HUNTSMAN

    INTERIM VP FOR UNI. RELATIONS & AVP FOR DEV.

    Total calculated
    $206,062
    From this org
    $172,792
    From related orgs
    $0
    Other
    $33,270
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $172,792
    Bonus
    $0
    Other
    $0
    Deferred
    $11,957
    Nontaxable benefits
    $21,313
    Filer's total
    $206,062

  • DINAH RITCHIE

    VP FOR COMMUNICATIONS

    Total calculated
    $191,819
    From this org
    $163,988
    From related orgs
    $0
    Other
    $27,831
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,988
    Bonus
    $0
    Other
    $0
    Deferred
    $11,345
    Nontaxable benefits
    $16,486
    Filer's total
    $191,819

  • KEN RALPH

    DIRECTOR OF INTRECOLLEGIATE ATHLETICS

    Total calculated
    $186,775
    From this org
    $158,942
    From related orgs
    $0
    Other
    $27,833
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,942
    Bonus
    $0
    Other
    $0
    Deferred
    $11,421
    Nontaxable benefits
    $16,412
    Filer's total
    $186,775

  • DAVID SANCHEZ

    AVP FOR INFO TECH AND CIO

    Total calculated
    $200,951
    From this org
    $178,459
    From related orgs
    $0
    Other
    $22,492
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,459
    Bonus
    $0
    Other
    $0
    Deferred
    $12,579
    Nontaxable benefits
    $9,913
    Filer's total
    $200,951

  • JULIE A COWLEY

    AVP FOR ACADEMIC AFFAIRS

    Total calculated
    $186,520
    From this org
    $159,266
    From related orgs
    $0
    Other
    $27,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,266
    Bonus
    $0
    Other
    $0
    Deferred
    $11,480
    Nontaxable benefits
    $15,774
    Filer's total
    $186,520

  • ROBERT LEONARD

    AVP FOR FINANCE AND ACCOUNTING

    Total calculated
    $206,376
    From this org
    $192,858
    From related orgs
    $0
    Other
    $13,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,858
    Bonus
    $0
    Other
    $0
    Deferred
    $13,138
    Nontaxable benefits
    $380
    Filer's total
    $206,376

  • SERGIO COSTOLA

    DEAN OF THE FACULTY

    Total calculated
    $160,184
    From this org
    $133,361
    From related orgs
    $0
    Other
    $26,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,361
    Bonus
    $0
    Other
    $0
    Deferred
    $9,100
    Nontaxable benefits
    $17,723
    Filer's total
    $160,184

  • JOHN COOPER

    PROFESSOR OF MUSIC

    Total calculated
    $147,905
    From this org
    $128,484
    From related orgs
    $0
    Other
    $19,421
    Hours/week
    40

  • LAURA HOBGOOD

    PROFESSOR OF RELIGION

    Total calculated
    $157,220
    From this org
    $135,612
    From related orgs
    $0
    Other
    $21,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,612
    Bonus
    $0
    Other
    $0
    Deferred
    $9,145
    Nontaxable benefits
    $12,463
    Filer's total
    $157,220

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
HOUSING ALLOWANCE AND RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES: THE UNIVERSITY REQUIRES THE PRESIDENT TO RESIDE IN THE TURNER FLEMING HOUSE, LOCATED ON CAMPUS, FOR THE CONVENIENCE OF THE UNIVERSITY, AS PART OF HER EMPLOYMENT CONTRACT WITH THE UNIVERSITY. THE TURNER FLEMING HOUSE IS USED BY THE PRESIDENT FOR PERSONAL RESIDENCE, HOSTING VARIOUS MEETINGS AND BUSINESS-RELATED SOCIAL EVENTS AND OTHER UNIVERSITY FUNCTIONS. THE UNIVERSITY PROVIDES HOUSEKEEPING, GROUNDS KEEPING, AND MAINTENANCE SERVICE CONSISTENT WITH OTHER UNIVERSITY BUILDINGS. THE VALUATION FOR PERSONAL USAGE OF THE TURNER FLEMING HOUSE, AS REPORTED IN HOUSING ALLOWANCE ON SCHEDULE J, PART II, COLUMN (D), NONTAXABLE BENEFITS, INCLUDES THE ESTIMATED FAIR MARKET RENTAL VALUE, UTILITIES, HOUSEKEEPING, AND GROUNDS KEEPING SERVICES. SOCIAL CLUB DUES OR INITIATION FEES AND TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE UNIVERSITY PROVIDED ONE SOCIAL CLUB MEMBERSHIP FOR THE PRESIDENT OF THE UNIVERSITY. THE MEMBERSHIP IS USED PRIMARILY FOR HOSTING GUESTS DURING FUNDRAISING MEETINGS AND OTHER BUSINESS RELATED MEETINGS. THE UNIVERSITY PAYS PAYROLL TAX OBLIGATIONS RELATED TO THE SOCIAL DUES MEMBERSHIP. THE GROSS-UP PAYMENT AND THE UNIVERSITY-PROVIDED MEMBERSHIPS ARE TREATED AS TAXABLE COMPENSATION AND ARE REPORTED ON HER W-2.

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.

  • SOUTHWESTERN FOUNDATION

    501(C)(3) · HOLD AND MANAGE REAL PROPERTY FOR UNIVERSITY · TX · controlled entity

    Directly controlled by SOUTHWESTERN UNIVERSITY

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.

  • SU 560 LAND HOLDINGS I LLC

    LAND DEVELOPMENT · TX · income $0 · assets $2,890,798

    Directly controlled by SOUTHWESTERN UNIVERSITY

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202611299349300616

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