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Nonprofiteer
← UNIVERSITY OF TEXAS FOUNDATION

Form 990 for tax year 2023

Filed by UNIVERSITY OF TEXAS FOUNDATION.

Totals

Total revenue
$53,709,870
Total expenses
$51,129,188
Contributions and grants received
$51,084,178
Grants paid
$48,085,595
Program service revenue
$0
Investment income
$2,202,971
Other revenue
$422,721
Total assets, end of year
$90,164,241
Total liabilities, end of year
$42,865,666
Net assets or fund balances, end of year
$47,298,575
Program services expenses (Part IX)
$50,383,452
Management and general expenses
$745,736
Fundraising expenses
$0
Program service expenses (Part III)
$50,383,452

Program services were 98.5% 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.

  • 1f · All other contributions, gifts and grants

    $51,084,178

  • 1g · Noncash contributions included above

    $283,522

  • 3 · Investment income

    total $1,065,003 · excluded $1,065,003

  • 7a · Gross sales of assets other than inventory

    securities $4,678,040

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

    securities $3,540,072

  • 7c · Gain or loss

    securities $1,137,968

  • 7d · Net gain or loss

    total $1,137,968 · excluded $1,137,968

  • 11a · Other revenue: OTHER INCOME

    total $422,721 · related or exempt $422,721

  • 11e · Other revenue, total

    $422,721

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,053,126 · program services $48,053,126

  • 2 · Grants to domestic individuals

    total $32,469 · program services $32,469

  • 5 · Compensation of officers, directors and key employees

    total $216,082 · management and general $216,082

  • 7 · Other salaries and wages

    total $246,910 · management and general $246,910

  • 8 · Pension plan contributions

    total $18,705 · management and general $18,705

  • 10 · Payroll taxes

    total $33,522 · management and general $33,522

  • 11c · Fees: accounting

    total $34,400 · management and general $34,400

  • 11f · Fees: investment management

    total $32,334 · management and general $32,334

  • 11g · Fees: other

    total $9,053 · management and general $9,053

  • 13 · Office expenses

    total $125,732 · management and general $125,732

  • 22 · Depreciation, depletion and amortization

    total $26,565 · management and general $26,565

  • 24a · Other expenses: ANNUITY PAYMENTS

    total $2,106,999 · program services $2,106,999

  • 24b · Other expenses: CHANCELLOR'S BUSINESS E

    total $190,858 · program services $190,858

  • 24c · Other expenses: STATE REGISTRATION EXPE

    total $2,433 · management and general $2,433

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,582,637 · end of year $7,056,804

  • 3 · Pledges and grants receivable

    beginning of year $9,266,983 · end of year $7,850,843

  • 4 · Accounts receivable

    beginning of year $103,165 · end of year $142,033

  • 9 · Prepaid expenses and deferred charges

    beginning of year $880 · end of year $715

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

    $677,673

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

    $139,747

  • 10c · Land, buildings and equipment, net

    beginning of year $556,481 · end of year $537,926

  • 11 · Investments: publicly traded securities

    beginning of year $50,485,393 · end of year $57,156,260

  • 15 · Other assets

    beginning of year $15,491,060 · end of year $17,419,660

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,929,046 · end of year $3,591,669

  • 18 · Grants payable

    beginning of year $9,266,983 · end of year $7,850,843

  • 25 · Other liabilities

    beginning of year $27,143,003 · end of year $31,423,154

  • 27 · Net assets without donor restrictions

    beginning of year $14,768,562 · end of year $16,207,681

  • 28 · Net assets with donor restrictions

    beginning of year $27,379,005 · end of year $31,090,894

Mission and programs · 2023

Mission

TO ADVANCE EDUCATION THROUGH FINANCIAL SUPPORT OF THE UNIVERSITY OF TEXAS SYSTEM, INCLUDING ALL OF ITS BRANCHES, DEPARTMENTS, SCHOOLS AND COLLEGES AT ITS THIRTEEN INSTITUTIONS, TO IMPROVE ITS RESEARCH, TEACHING, SCHOLARSHIP, FACULTIES AND FACILITIES.

Activities or mission (Part I)

TO PROVIDE SUPPORT TO THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS.

  • EDUCATIONAL PURPOSE - GIFTS TO VARIOUS DEPARTMENTS AT THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS FOR VARIOUS EDUCATIONAL AND RESEARCH PROJECTS

    Expenses $48,276,453 · Grants $48,085,595

  • PAYMENTS MADE TO MEET CONDITIONS OF GIFTS TO THE UNIVERSITY OF TEXAS SYSTEM INSTITUTIONS.

    Expenses $2,106,999

As filed on the 2023 return.

Listed in Part VII

  • ALFRED M MEYERSON

    VP AND SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BRIAN T MCLAUGHLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES W MATTHEWS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HECTOR DELEON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL L COOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE BROCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R GORDON APPLEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REX G BAKER III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SONIA PEREZ

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    1

  • THOMAS J PERICH

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TIM TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACY LAQUEY PARKER

    VP AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • WOFFORD DENIUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA ADKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • QUAN COSBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS GLASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL A HUEBNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID OLIVEIRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRUCE RIDEAUX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA SAENZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANNON H RATLIFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHERI DESPAIN

    EXECUTIVE DIRECTOR AND CFO

    Total calculated
    $216,082
    From this org
    $190,800
    From related orgs
    $0
    Other
    $25,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,800
    Bonus
    $0
    Other
    $0
    Deferred
    $7,630
    Nontaxable benefits
    $17,652
    Filer's total
    $216,082

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

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 10 largest by cash amount. The API serves every itemized grant.

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.

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.

  • UT FOUNDATION LLC

    TO SUPPORT THE UNIVERSITY OF TEXAS · MT · income $0 · assets $0

    Directly controlled by UNIVERSITY OF TEXAS FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
18 July 2024
IRS schema version
2023v5.1
Source object
202442129349301674

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