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← UNIVERSITY OF TEXAS FOUNDATION NO 2 INC

Form 990 for tax year 2024

Filed by UNIVERSITY OF TEXAS FOUNDATION NO 2 INC.

Totals

Total revenue
$425,928
Total expenses
$133,104
Contributions and grants received
$0
Grants paid
$123,862
Program service revenue
$0
Investment income
$3,545
Other revenue
$422,383
Total assets, end of year
$866,945
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$866,945
Program services expenses (Part IX)
$123,862
Management and general expenses
$9,242
Fundraising expenses
$0
Program service expenses (Part III)
$123,862

Program services were 93.1% 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.

  • 3 · Investment income

    total $3,545 · excluded $3,545

  • 5 · Royalties

    total $397,252 · excluded $397,252

  • 6a · Gross rents

    real property $25,131

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $25,131

  • 6d · Net rental income or loss

    total $25,131 · excluded $25,131

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $123,862 · program services $123,862

  • 11c · Fees: accounting

    total $1,975 · management and general $1,975

  • 11f · Fees: investment management

    total $568 · management and general $568

  • 13 · Office expenses

    total $180 · management and general $180

  • 24a · Other expenses: SUB TRANSFERS

    total $6,519 · management and general $6,519

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $33,861 · end of year $325,852

  • 15 · Other assets

    beginning of year $130,140 · end of year $541,093

  • 27 · Net assets without donor restrictions

    beginning of year $60,494 · end of year $60,494

  • 28 · Net assets with donor restrictions

    beginning of year $103,507 · end of year $806,451

Mission and programs · 2024

Mission

TO SUPPORT THE UNIVERSITY OF TEXAS SYSTEM

Activities or mission (Part I)

TO SUPPORT THE UNIVERSITY OF TEXAS SYSTEM.

  • DISTRIBUTION FOR THE ULTIMATE BENEFIT OF THE UNIVERSITY OF TEXS SYSTEM ENDOWMENT

    Expenses $123,862 · Grants $123,862

As filed on the 2024 return.

Listed in Part VII

  • Hector De Leon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shannon Ratliff

    VP AND SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Cook

    VP AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bruce Rideaux

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sheri Despain

    EXECUTIVE DIRECTOR AND CFO

    Total calculated
    $234,198
    From this org
    $0
    From related orgs
    $205,541
    Other
    $28,657
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,541 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,169 related
    Nontaxable benefits
    $0 + $21,488 related
    Filer's total
    $0 + $234,198 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

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 SYSTEM

    $123,862

    SUPPORT TO THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS

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
2024
Filed
1 July 2025
IRS schema version
2024v5.2
Source object
202531859349300003

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