Form 990 for tax year 2022
Filed by UNIVERSITY OF NORTH TEXAS FOUNDATION INC.
Totals
- Total revenue
- $20,752,064
- Total expenses
- $12,775,921
- Contributions and grants received
- $9,888,884
- Grants paid
- $10,986,861
- Program service revenue
- $948,975
- Investment income
- $9,003,162
- Other revenue
- $911,043
- Total assets, end of year
- $324,598,736
- Total liabilities, end of year
- $84,915,773
- Net assets or fund balances, end of year
- $239,682,963
- Program services expenses (Part IX)
- $10,986,861
- Management and general expenses
- $1,789,060
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,986,861
Program services were 86.0% 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
$9,888,884
-
1g · Noncash contributions included above
$419,178
-
2a · Program service revenue: GRANT REVENUE
total $948,975 · related or exempt $948,975
-
3 · Investment income
total $5,483,831 · excluded $5,483,831
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $21,252,804
-
7b · Less cost or other basis and sales expenses
securities $17,733,473
-
7c · Gain or loss
securities $3,519,331
-
7d · Net gain or loss
total $3,519,331 · excluded $3,519,331
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ACTUARIAL GAIN-ANNUITIES
total $126,492 · related or exempt $126,492
-
11b · Other revenue: INCREASE IN LIFE INS CV
total $25,026 · related or exempt $25,026
-
11c · Other revenue: MANAGEMENT FEES
total $757,862 · excluded $757,862
-
11d · All other revenue
total $1,663 · excluded $1,663
-
11e · Other revenue, total
$911,043
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,952,861 · program services $10,952,861
-
2 · Grants to domestic individuals
total $34,000 · program services $34,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $958,490 · management and general $958,490
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $378,473 · management and general $378,473
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $76,883 · management and general $76,883
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $32,500 · management and general $32,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,010 · management and general $1,010
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $22,020 · management and general $22,020
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $28,957 · management and general $28,957
-
24a · Other expenses: ADMINISTRATIVE
total $127,552 · management and general $127,552
-
24b · Other expenses: CONSULTING FEES
total $53,319 · management and general $53,319
-
24c · Other expenses: CHARITABLE TRUST EXPENSE
total $47,960 · management and general $47,960
-
24d · Other expenses: PROFESSSIONAL DEVELOPMENT
total $40,314 · management and general $40,314
-
24e · All other expenses
total $21,582 · management and general $21,582
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $14,630,991 · end of year $19,266,374
-
3 · Pledges and grants receivable
beginning of year $4,237,766 · end of year $6,371,339
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $2,904 · end of year $2,904
-
9 · Prepaid expenses and deferred charges
end of year $7,175
-
10a · Land, buildings and equipment: cost or other basis
$12,860
-
10c · Land, buildings and equipment, net
beginning of year $12,860 · end of year $12,860
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $283,077,221 · end of year $293,154,959
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $5,894,694 · end of year $5,783,125
-
17 · Accounts payable and accrued expenses
beginning of year $856,622 · end of year $232,477
-
19 · Deferred revenue
beginning of year $160,162 · end of year $83,660
-
25 · Other liabilities
beginning of year $80,660,795 · end of year $84,599,636
-
27 · Net assets without donor restrictions
beginning of year $7,351,480 · end of year $8,410,444
-
28 · Net assets with donor restrictions
beginning of year $218,827,377 · end of year $231,272,519
Mission and programs · 2022
Mission
THE UNIVERSITY OF NORTH TEXAS FOUNDATION, INC. SERVES AS UNT'S STRATEGIC PARTNER IN MANAGING AND GROWING PRIVATE ASSETS FOR SUPPORT OF THE UNIVERSITY'S MISSION. UNTF'S CONTINUITY, FLEXIBILITY, AND CREATIVE SOLUTIONS CONTRIBUTE TO FULLY REALIZING UNT'S POTENTIAL.
-
DISTRIBUTIONS, PASS-THROUGH GRANTS, AND BOARD-DESIGNATED GRANTS TO BENEFIT THE UNIVERSITY OF NORTH TEXAS.
Expenses $5,011,022 · Grants $5,011,022
-
CONTRIBUTIONS AND RESOURCES WERE USED TO SUPPORT THE UNIVERSITY OF NORTH TEXAS AND ITS STUDENTS BY PROMOTING THE GROWTH AND EXPANSION OF ACADEMIC AND OTHER PROGRAMS AND STUDENT SCHOLARSHIPS. SCHOLARSHIPS, AWARDS, AND REIMBURSEMENTS TO INDIVIDUALS AT UNT.
Expenses $3,431,059 · Grants $3,431,059
-
SERVICES FOR PROGRAMS IN SUPPORT OF THE UNIVERSITY OF NORTH TEXAS.
Expenses $2,510,780 · Grants $2,510,780
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MIKE MLINAC PAST
President & CEO
- Total calculated
- $416,150
- From this org
- $389,150
- From related orgs
- $0
- Other
- $27,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $389,150
- Bonus
- not reported
- Other
- not reported
- Deferred
- $27,000
- Nontaxable benefits
- not reported
- Filer's total
- $416,150
-
ALFRED J LOCKWOOD PAST - V P
INVESTMENT ADM.
- Total calculated
- $289,353
- From this org
- $273,626
- From related orgs
- $0
- Other
- $15,727
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $273,626
- Bonus
- not reported
- Other
- not reported
- Deferred
- $15,727
- Nontaxable benefits
- not reported
- Filer's total
- $289,353
-
ZED E STEPHENS - VP
INVESTMENT ADM.
- Total calculated
- $149,910
- From this org
- $130,422
- From related orgs
- $0
- Other
- $19,488
- Hours/week
- 40
-
AMBER BOTHWELL
CONTROLLER (PAST)
- Total calculated
- $108,187
- From this org
- $98,368
- From related orgs
- $0
- Other
- $9,819
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $98,368
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,819
- Nontaxable benefits
- not reported
- Filer's total
- $108,187
-
MOLLY H MORGAN
V. P.-ADMIN.
- Total calculated
- $107,300
- From this org
- $96,450
- From related orgs
- $0
- Other
- $10,850
- Hours/week
- 40
-
WESLEY DAVIS
Controller
- Total calculated
- $37,500
- From this org
- $35,006
- From related orgs
- $0
- Other
- $2,494
- Hours/week
- 40
-
JIM MCNATT
Director
- Total calculated
- $0
- Hours/week
- 2
-
TREY CRAWFORD
Director
- Total calculated
- $0
- Hours/week
- 2
-
SONJA RODGERS
Director
- Total calculated
- $0
- Hours/week
- 2
-
THOMAS E MUIR
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
HARRY JOE
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
BOB SHERMAN
Director
- Total calculated
- $0
- Hours/week
- 2
-
BRAD BOURLAND
Director
- Total calculated
- $0
- Hours/week
- 2
-
CHARLIE SMITH
Director
- Total calculated
- $0
- Hours/week
- 2
-
SAM GOLDEN
Director
- Total calculated
- $0
- Hours/week
- 2
-
BEN JOYNER
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
CATHY BRYCE
Chair
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL BURGESS
Director
- Total calculated
- $0
- Hours/week
- 2
-
RYAN FARHA
Director
- Total calculated
- $0
- Hours/week
- 2
-
DREW SPRINGER SR
Director
- Total calculated
- $0
- Hours/week
- 2
-
JAIME GRASSI
Director
- Total calculated
- $0
- Hours/week
- 2
-
DIANN HUBER
Director
- Total calculated
- $0
- Hours/week
- 2
-
C DAN SMITH
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
MARY MATRANGA
Director
- Total calculated
- $0
- Hours/week
- 2
-
GAYLE STRANGE
Director
- Total calculated
- $0
- Hours/week
- 2
-
TIMOTHY L DWIGHT
Director
- Total calculated
- $0
- Hours/week
- 2
-
JONATHON FITE
Director
- Total calculated
- $0
- Hours/week
- 2
-
RANDY ROBASON
Director
- Total calculated
- $0
- Hours/week
- 2
-
CHRIS WATTS
Director
- Total calculated
- $0
- Hours/week
- 2
-
KEN WILSON PAST
Controller
- Total calculated
- $0
- Hours/week
- 40
-
LYNETTE GILLIS
President & CEO
- Total calculated
- $0
- Hours/week
- 40
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
- 2 · Substantiation required before reimbursing expenses
- 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
-
$10,952,861
SUPPORT OF UNT PROGRAMS/SERVICES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440599349301304
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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