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← UNIVERSITY OF TEXAS PHI ENDOWMENT FUND

Form 990 for tax year 2023

Filed by UNIVERSITY OF TEXAS PHI ENDOWMENT FUND.

Totals

Total revenue
$41,887
Total expenses
$26,168
Contributions and grants received
$0
Grants paid
$12,610
Program service revenue
$0
Investment income
$41,887
Other revenue
$0
Total assets, end of year
$1,285,988
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,285,988
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $45,110 · excluded $45,110

  • 7a · Gross sales of assets other than inventory

    securities $360,420

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

    securities $363,643

  • 7c · Gain or loss

    securities -$3,223

  • 7d · Net gain or loss

    total -$3,223 · excluded -$3,223

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,610

  • 11c · Fees: accounting

    total $1,500

  • 11f · Fees: investment management

    total $5,533

  • 16 · Occupancy

    total $6,525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,440 · end of year $17,805

  • 2 · Savings and temporary cash investments

    beginning of year $94,663 · end of year $95,745

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,131,866 · end of year $1,167,138

  • 15 · Other assets

    beginning of year $5,300 · end of year $5,300

  • 27 · Net assets without donor restrictions

    beginning of year $1,270,269 · end of year $1,285,988

Mission and programs · 2023

Mission

See Schedule O.The promotion of the threefold spiritual, mental and physical development of students of the University of Texas who are members or who are pledged to become members of the Texas Beta Chapter or Phi Delta Theta Fraternity. To specifically promote (a) the literary and educational advancement of deserving students and to assist them incompleting their work (b) to strengthen and develop the spirituality of young men by cultivating the principles of fraternal brotherhood (c) to improve educational facilities (d) to supplement the work of the University in the promotion of scholarship, character, and morality of the students (e) to promote literary, scientific and health education (f) to maintain, acquire or construct a house, lodge or assembly hall for the maintenance or students and for study and discussions (g) to encourage and provide opportunities for the physical development and well-being of the students.

Activities or mission (Part I)

To provide housing for the Texas Beta Chapter of Phi Delta Beta members.

  • To provide current temporary housing and the establishment of permanent housing for the benefit of members of the Texas Beta Chapter of Phi Delta Theta Fraternity.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William Gray

    President

    Total calculated
    $0
    Hours/week
    1

  • Charles Tate

    Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • Carl McCaslin

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Harper

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • David Embry

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kris Perryman

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Gifford Touchstone

    Director

    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

  • Phi Delta Theta Fraternity - Texas Beta Chapter

    $12,610

    Housing support

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202412969349301186

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