Form 990 for tax year 2022
Filed by TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC.
Totals
- Total revenue
- $9,561,381
- Total expenses
- $5,892,042
- Contributions and grants received
- $6,743,357
- Grants paid
- $4,227,378
- Program service revenue
- $0
- Investment income
- $2,724,525
- Other revenue
- $93,499
- Total assets, end of year
- $104,124,832
- Total liabilities, end of year
- $905,426
- Net assets or fund balances, end of year
- $103,219,406
- Program services expenses (Part IX)
- $4,585,823
- Management and general expenses
- $951,363
- Fundraising expenses
- $354,856
- Program service expenses (Part III)
- $4,585,823
Program services were 77.8% 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
$6,743,357
-
1g · Noncash contributions included above
$2,031,650
-
3 · Investment income
total $1,662,356 · unrelated business -$32,577 · excluded $1,694,933
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $14,610 · excluded $14,610
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $10,149,773
-
7b · Less cost or other basis and sales expenses
securities $9,087,604
-
7c · Gain or loss
securities $1,062,169
-
7d · Net gain or loss
total $1,062,169 · related or exempt $1,062,169
-
8a · Fundraising events: gross income
$219,986
-
8b · Fundraising events: direct expenses
$144,097
-
8c · Net income from fundraising events
total $75,889
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $3,000 · related or exempt $3,000
-
11e · Other revenue, total
$3,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,227,378 · program services $4,227,378
-
2 · Grants to domestic individuals
total $0
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $213,020 · management and general $158,965 · fundraising $54,055
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $9,908 · management and general $7,394 · fundraising $2,514
-
11a · Fees: management
total $375,000 · management and general $281,250 · fundraising $93,750
-
11b · Fees: legal
total $32,383 · management and general $32,383
-
11c · Fees: accounting
total $43,403 · management and general $43,403
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $267,228 · management and general $267,228
-
11g · Fees: other
total $89,742 · program services $76,672 · management and general $13,070
-
12 · Advertising and promotion
total $2,000 · fundraising $2,000
-
13 · Office expenses
total $31,879 · program services $3,297 · management and general $25,784 · fundraising $2,798
-
14 · Information technology
total $70,535 · program services $70,535
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $92,033 · program services $5,645 · management and general $25,518 · fundraising $60,870
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $33,981 · management and general $33,956 · fundraising $25
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $25,265 · program services $21,691 · management and general $3,574
-
24a · Other expenses: Printing and Publications
total $91,355 · program services $35,138 · management and general $11,432 · fundraising $44,785
-
24b · Other expenses: #5110.99 - Sponsorships
total $72,500 · program services $72,500
-
24c · Other expenses: #5283 - Dues & Subscriptions
total $61,706 · program services $1,796 · management and general $29,391 · fundraising $30,519
-
24d · Other expenses: Foreign Tax W/H on Dividends
total $57,848 · program services $57,848
-
24e · All other expenses
total $94,878 · program services $13,323 · management and general $18,015 · fundraising $63,540
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $162,796 · end of year $154,678
-
2 · Savings and temporary cash investments
beginning of year $4,007,985 · end of year $3,621,488
-
3 · Pledges and grants receivable
beginning of year $1,195,627 · end of year $2,178,307
-
4 · Accounts receivable
beginning of year $11,000 · 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
end of year $54,200
-
9 · Prepaid expenses and deferred charges
beginning of year $100,000 · end of year $15,000
-
10a · Land, buildings and equipment: cost or other basis
$892,524
-
10c · Land, buildings and equipment, net
beginning of year $885,966 · end of year $892,524
-
11 · Investments: publicly traded securities
beginning of year $117,950,951 · end of year $96,090,449
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $650,337 · end of year $1,118,186
-
17 · Accounts payable and accrued expenses
beginning of year $20,067 · end of year $94,825
-
18 · Grants payable
beginning of year $1,321,886 · end of year $218,927
-
25 · Other liabilities
beginning of year $249,099 · end of year $591,674
-
27 · Net assets without donor restrictions
beginning of year $17,377,016 · end of year $13,766,270
-
28 · Net assets with donor restrictions
beginning of year $105,996,594 · end of year $89,453,136
Mission and programs · 2022
Mission
The Foundation was formed to be a vital partner with Texas A&M University-Kingsville by developing donor relationships and linking resources in the pursuit of the University's goals of excellence.Values: Service to the University and the donors; Stewardship of the resources through careful and responsible management, consistent with donor intent;Integrity: by acting in a trustworthy, honest and moral fashion in all that is done;Impact: by supporting the Universitys goal, mission and vision;Duty: by maintaining a commitment to excellence in all that is done.
Activities or mission (Part I)
To build private support for the mission and vision of Texas A&M University-Kingsville.
-
The Foundation was formed to provide support to the University. It fulfills that mission by assisting in the solicitation of donations from businesses, other foundations and individuals; the proceeds are intended to support students, faculty and programs at the University. The Foundation receives, invests and administers donations and makes funds available to the University for scholarships, research, faculty and department support.
Expenses $4,585,823 · Grants $4,227,378
As filed on the 2022 return.
Listed in Part VII
-
Balous Miller
Director
- Total calculated
- $0
- Hours/week
- 1
-
S David Deanda
Director
- Total calculated
- $0
- Hours/week
- 1
-
James McAllen Jr-Resigned Feb
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Michael Howard
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eugene Dawson Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Iris J Berthelot II
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom Shockley III
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Carrington Firmin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jackie Collins
Director
- Total calculated
- $0
- Hours/week
- 1
-
Roberto Montoya
Director
- Total calculated
- $0
- Hours/week
- 1
-
Aaron Demerson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Romeo Perez
Director
- Total calculated
- $0
- Hours/week
- 1
-
LTG Ret Ricardo S Sanchez
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Bill Colston Jr
1st Vice-Chair
- Total calculated
- $0
- Hours/week
- 2
-
Sandra Brown
2nd Vice-Chair
- Total calculated
- $0
- Hours/week
- 2
-
Kevin Beasley
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Alan Johnson
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Dr Robert H Vela Jr
Ex Officio Mbr
- Total calculated
- $0
- Hours/week
- 0
-
Bradley Walker
Executive Dir.
- 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.
Grants on this return
-
Texas A&M University Kingsville
$4,222,378
Scholarships/ Program Support, etc.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343179349310244
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