Civic Intelligence

Texas A&M University - Kingsville Foundation Inc

990 • Fiscal year 2016 • EIN 23-7166534

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 17, 2017

P O Box 2202 Station 1Kingsville, TX 78363

(361) 593-2208

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

27th percentile

0.18x

Higher debt load relative to revenue than 27% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

90th percentile

38%

Higher net margin than 90% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

66th percentile

5.8%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-60%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Up

$76,098,037

Up $4,146,607 (+5.8%) from 2015

Net Assets

Up

$74,994,213

Up $4,082,061 (+5.8%) from 2015

Liabilities

Up

$1,103,824

Up $64,546 (+6.2%) from 2015

Revenue

Down

$6,186,340

Down $9,176,279 (-60%) from 2015

Expenses

Down

$3,857,617

Down $133,175 (-3.3%) from 2015

Net Income

Down

$2,328,723

Down $9,043,104 (-80%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $41,377,396Liabilities 2010: $90,165Net Assets 2010: $41,287,2312010Assets 2011: $38,760,197Liabilities 2011: $189,712Net Assets 2011: $38,570,4852011Assets 2012: $49,886,291Liabilities 2012: $687,170Net Assets 2012: $49,199,1212012Assets 2013: $60,679,742Liabilities 2013: $201,179Net Assets 2013: $60,478,5632013Assets 2014: $65,691,438Liabilities 2014: $1,082,411Net Assets 2014: $64,609,0272014Assets 2015: $71,951,430Liabilities 2015: $1,039,278Net Assets 2015: $70,912,1522015Assets 2016: $76,098,037Liabilities 2016: $1,103,824Net Assets 2016: $74,994,2132016Assets 2017: $85,257,851Liabilities 2017: $1,365,089Net Assets 2017: $83,892,7622017Assets 2018: $79,277,779Liabilities 2018: $192,005Net Assets 2018: $79,085,7742018Assets 2019: $96,931,167Liabilities 2019: $324,153Net Assets 2019: $96,607,0142019Assets 2020: $109,298,613Liabilities 2020: $440,300Net Assets 2020: $108,858,3132020Assets 2021: $124,964,662Liabilities 2021: $1,591,052Net Assets 2021: $123,373,6102021Assets 2022: $104,124,832Liabilities 2022: $905,426Net Assets 2022: $103,219,4062022Assets 2023: $158,008,104Liabilities 2023: $2,142,752Net Assets 2023: $155,865,3522023Assets 2024: $174,096,484Liabilities 2024: $2,932,122Net Assets 2024: $171,164,3622024

Highlighted filing

2016

Assets$76,098,037
Liabilities$1,103,824
Net Assets$74,994,213

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0Expenses 2010: $2,095,5802010Expenses 2011: $3,661,7732011Expenses 2012: $2,706,0672012Revenue 2013: $5,817,276Expenses 2013: $2,396,035Net Income 2013: $3,421,2412013Revenue 2014: $9,683,513Expenses 2014: $3,789,916Net Income 2014: $5,893,5972014Revenue 2015: $15,362,619Expenses 2015: $3,990,792Net Income 2015: $11,371,8272015Revenue 2016: $6,186,340Expenses 2016: $3,857,617Net Income 2016: $2,328,7232016Revenue 2017: $7,266,670Expenses 2017: $4,109,880Net Income 2017: $3,156,7902017Revenue 2018: $7,943,537Expenses 2018: $4,719,704Net Income 2018: $3,223,8332018Revenue 2019: $9,753,936Expenses 2019: $5,371,292Net Income 2019: $4,382,6442019Revenue 2020: $9,889,505Expenses 2020: $5,504,702Net Income 2020: $4,384,8032020Revenue 2021: $50,309,350Expenses 2021: $5,700,031Net Income 2021: $44,609,3192021Revenue 2022: $9,561,381Expenses 2022: $5,892,042Net Income 2022: $3,669,3392022Revenue 2023: $42,282,167Expenses 2023: $7,468,865Net Income 2023: $34,813,3022023Revenue 2024: $14,091,147Expenses 2024: $8,338,308Net Income 2024: $5,752,8392024

Highlighted filing

2016

Revenue$6,186,340
Expenses$3,857,617
Net Income$2,328,723
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 17, 2017
Return Version
2016v3.0
Gross Receipts
$36,236,128
Mission and Program Overview

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

The Foundation is organized exclusively for the purpose of supporting Texas A&M University-Kingsville by assisting in fundraising activities, investing and stewarding gifts received on behalf of the University and distributing funds in accordance with donors' wishes to support the University and its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$51,037,938$59,370,918▲ $8,332,980
Pledges and Grants Receivable$9,656,123$7,813,545▼ $1,842,578
Savings and Temporary Cash Investments$6,136,780$6,397,974▲ $261,194
Accounts Receivable$343,025$150,638▼ $192,387
Land, Buildings, and Equipment, Net$126,424$126,177▼ $247
Prepaid Expenses and Deferred Charges$107,200$0▼ $107,200
Cash and Non-Interest-Bearing Accounts$44,418$43,483▼ $935
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$71,951,430$76,098,037▲ $4,146,607
Other Assets Total$4,499,522$2,195,302▼ $2,304,220
Liabilities
Grants Payable$881,890$1,060,020▲ $178,130
Other Liabilities$5,160$31,185▲ $26,025
Accounts Payable and Accrued Expenses$152,228$12,619▼ $139,609
Total Liabilities$1,039,278$1,103,824▲ $64,546
Net Assets / Fund Balance
Permanently Rstr Net Assets$50,329,564$53,243,466▲ $2,913,902
Temporarily Rstr Net Assets$10,496,170$10,882,485▲ $386,315
Unrestricted Net Assets$10,086,418$10,868,262▲ $781,844
Total Net Assets Fund Balance$70,912,152$74,994,213▲ $4,082,061
Total Liabilities and Net Assets / Fund Balance$71,951,430$76,098,037▲ $4,146,607

Asset Categories

AssetBook ValueDepreciationBasis
Land$125,849-$125,849
Other Land Buildings$328$18,474$18,802

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$64,194,571$2,917,298▲ $3,975,566$7,666$68,684,431
2015$62,111,565$8,520,455▼ $3,739,627$-30,769$64,194,571
2014$58,439,000$3,033,326▲ $3,002,807-$62,111,565
2013$47,911,313$2,859,831▲ $9,668,822-$58,439,000
2012$37,817,696$8,594,346▲ $3,436,708-$47,911,313
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
South Texas Money Management LtdInvestment Managemen700 N St Marys Street Suite 100, San Antonio, TX 78205$176,049
Revenue and Support

Revenue Composition

Contributions and Grants
$3,500,388
Program Service Revenue
$0
Investment Income
$2,676,626
Other Revenue
$9,326
All Other Contributions
$3,500,388
Change in Net Assets
$2,328,723

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$148,905Net Realizable Value
Other Non Cash Contri Table1$121,085Present Value
Other Non Cash Contri Table1$100,000Present Value
Securities Publicly Traded5$61,159Fair Market Value
Other Non Cash Contri Table1$60,000Present Value
Other Non Cash Contri Table1$50,000Present Value
Other Non Cash Contri Table1$20,000Present Value
Other Non Cash Contri Table1$20,000Present Value
Other Non Cash Contri Table1$6,833Present Value
Other Non Cash Contri Table1$6,833Present Value
Other Non Cash Contri Table1$4,166Present Value
Total Noncash Contributions15$598,981-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,162,182
Revenue Not Reported on Financial Statements
$24,158
Revenue Not Reported on Form 990
$1,753,337
Other Revenue Adjustments
$24,158
Total Revenue per Audited Statements
$7,915,519
Total Revenue per Form 990
$6,186,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,888,792
Other Expenses$968,825
Total Fundraising Expense$106,262
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,883,792--$2,883,792
Fees for Service Investment Mgmnt Fees-$402,210-$402,210
Fees for Services Other$317,083$15,883-$332,966
Fees for Services Management-$100,002$100,002$200,004
Fees for Services Accounting-$85,395-$85,395
Conferences and Meetings-$19,588-$19,588
Insurance$9,679$3,257-$12,936
Office Expenses$2,132$2,131$2,132$6,395
Grants to Domestic Individuals$5,000--$5,000
Travel$2,441-$2,441$4,882
Interest$4,859--$4,859
Other Expenses$3,493$6,558-$3,493
Depreciation Depletion-$247-$247
All Other Expenses$-143,940$6,246$1,687$-136,007
Total Functional Expenses$3,109,838$641,517$106,262$3,857,617

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,857,617
Expenses per Audited Statements$3,833,458
Total Expenses per Audited Statements$3,833,458
Expenses Not Reported on Financial Statements$24,159
Other Expense Adjustments$24,159
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas A&M University KingsvilleKingsville, TX-Scholarships/ Program Support, etc.$2,883,792
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Acct #2010.1 - TAMUK Assessment$16,668
Acct #2016$14,517
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Stephen J. Kleberg, board member and vice-chairman, is the father of Christopher Kleberg, board member and director. Stephen J. Kleberg's term on the board expired 11-16-2016.

Form 990, Part VI, Line 11B: Form 990 Review Process

The treasurer and the audit committee were provided copies of the 2016 Form 990 and Form 990-T for review prior to filing. Additionally, Form 990 and Form 990-T were made available to the full board prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

At the beginning of each fiscal year, members of the board are required by the chairman or his representative to complete and submit disclosure statements for any perceived or actual conflicts of interest, in accordance with the Foundation Conflict of Interest Policy. The disclosure statements are kept on file.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

When considering compensation, the Foundation uses comparative salary surveys which are provided each year by the Association of Fundraising Professionals, the Association of Small Foundations, and the Council for Advancement and Support of Education. These surveys permit salary comparisons based on region, staff size, operating budget, asset size and experience levels. In 2015, the board negotiated the affiliation agreement with Texas A&M University Kingsville (TAMUK)- the supported organization. Under this agreement, TAMUK provides services of employees to perform management functions and staff duties to the organization. The board of directors, in addition to being involved with the managment of the organization assesses the performance of the Executive Director and staff provided by TAMUK under the affiliation agreement.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Foundation maintains copies of governing documents including Bylaws, Conflict of Interest policies and audited financials that are made available upon request.

Filing and Contact Details

Filer

Filer Name
Texas A&M University - Kingsville
EIN
23-7166534
Phone
3615932208
Address
P O Box 2202 Station 1, Kingsville, TX 78363

Signing Officer

Name
Leonard A Bedell
Title
Treasurer
Signed
2017-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
Employees
3

Preparer

Firm
Hahn & Oldham PC
Address
100 E Kleberg Ave Suite 200, Kingsville, TX 78363
Preparer
Mary Ann Oldham
Phone
3615954211
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

rounding Adjustment = $3

Financial Statement Notes

Part X : FIN48 Footnote

The Foundation adopted provisions of FASB ASC 740-10-25, Income Taxes - Overall - Recognition, which requires recognition and disclosure of uncertain tax positions in the financial statements and footnotes. Management of the Foundation has analyzed the Foundation's tax positions taken with respect to all appplicable income tax issues for all open tax years (2013 through 2016), and has concluded that it has appropriate support for any tax positions taken or expected to be taken and, as such, does not have any uncertain tax positions that are material to the financial statements.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Rounding $2

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Add Back Foreign Tax on Dividend $19079 Add Back Foreign Tax on Partnership Invs $149 Add Back Royalty Tax Netted Against Inc $1436 Add Back Misc Investment Fee $3494 Rounding $0

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Add Back Foreign Tax on Dividend $19079 Add Back Foreign Tax on Partnership Invs $149 Add Back Royalty Tax Netted Against Inc $1436 Add Back Misc Investment Fee $3494 Rounding $1

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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IRS990/Form990PartVIISectionAGrp/PersonNm0Balous Miller
IRS990/Form990PartVIISectionAGrp/PersonNm1Maria Crowley Thru 11-18-16
IRS990/Form990PartVIISectionAGrp/PersonNm2Tom Best
IRS990/Form990PartVIISectionAGrp/PersonNm3Mr J Philip McCormick
IRS990/Form990PartVIISectionAGrp/PersonNm4A C Jones Resigned 8-31
IRS990/Form990PartVIISectionAGrp/PersonNm5Eugene Dawson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm6James Pettus III
IRS990/Form990PartVIISectionAGrp/PersonNm7Mr Richard P Ritchie
IRS990/Form990PartVIISectionAGrp/PersonNm8Christopher Kleberg
IRS990/Form990PartVIISectionAGrp/PersonNm9Renato Ramirez
IRS990/Form990PartVIISectionAGrp/PersonNm10Alvaro Hinojosa
IRS990/Form990PartVIISectionAGrp/PersonNm11Robert J Underbrink
IRS990/Form990PartVIISectionAGrp/PersonNm12Kevin Beasley
IRS990/Form990PartVIISectionAGrp/PersonNm13Romeo Perez
IRS990/Form990PartVIISectionAGrp/PersonNm14LTG Ret Ricardo S Sanchez
IRS990/Form990PartVIISectionAGrp/PersonNm15Bill Colston Jr
IRS990/Form990PartVIISectionAGrp/PersonNm16Stephen J Kleberg -Thru 11-18
IRS990/Form990PartVIISectionAGrp/PersonNm17Mrs Jean Claire Turcotte
IRS990/Form990PartVIISectionAGrp/PersonNm18Mr Hugh Morrison
IRS990/Form990PartVIISectionAGrp/PersonNm19Leonard A Bedell
IRS990/Form990PartVIISectionAGrp/PersonNm20Dr Steven H Tallant PhD
IRS990/Form990PartVIISectionAGrp/PersonNm21Bradley Walker
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt151st Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt161st Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt172nd Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt18Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt19Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt20Ex Officio Mbr
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IRS990/InsuranceGrp/ProgramServicesAmt09679
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IRS990/MissionDesc0The Foundation is organized exclusively for the purpose of supporting Texas A&M University-Kingsville by assisting in fundraising activities, investing and stewarding gifts received on behalf of the University and distributing funds in accordance with donors' wishes to support the University and its students.
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IRS990/OtherChangesInNetAssetsAmt03
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IRS990/OtherExpensesGrp/Desc0Foreign Tax W/H on Dividends
IRS990/OtherExpensesGrp/Desc1#5231 - Bank Charges
IRS990/OtherExpensesGrp/Desc2#5315 - Property Management
IRS990/OtherExpensesGrp/Desc3#5257 - Misc Invest Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06558
IRS990/OtherExpensesGrp/ProgramServicesAmt019079
IRS990/OtherExpensesGrp/ProgramServicesAmt16220
IRS990/OtherExpensesGrp/ProgramServicesAmt23493
IRS990/OtherExpensesGrp/TotalAmt019079
IRS990/OtherExpensesGrp/TotalAmt16558
IRS990/OtherExpensesGrp/TotalAmt26220
IRS990/OtherExpensesGrp/TotalAmt33493
IRS990/OtherLiabilitiesGrp/BOYAmt05160
IRS990/OtherLiabilitiesGrp/EOYAmt031185
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IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$174$2.93$171$14.1$8.34$5.75
2023Detailed filing. Detailed filing data is available for this year.$158$2.14$156$42.3$7.47$34.8
2022Detailed filing. Detailed filing data is available for this year.$104$0.91$103$9.56$5.89$3.67
2021Detailed filing. Detailed filing data is available for this year.$125$1.59$123$50.3$5.70$44.6
2020Detailed filing. Detailed filing data is available for this year.$109$0.44$109$9.89$5.50$4.38
2019Detailed filing. Detailed filing data is available for this year.$96.9$0.32$96.6$9.75$5.37$4.38
2018Detailed filing. Detailed filing data is available for this year.$79.3$0.19$79.1$7.94$4.72$3.22
2017Detailed filing. Detailed filing data is available for this year.$85.3$1.37$83.9$7.27$4.11$3.16
2016Detailed filing. Detailed filing data is available for this year.$76.1$1.10$75.0$6.19$3.86$2.33
2015Detailed filing. Detailed filing data is available for this year.$72.0$1.04$70.9$15.4$3.99$11.4
2014Detailed filing. Detailed filing data is available for this year.$65.7$1.08$64.6$9.68$3.79$5.89
2013Detailed filing. Detailed filing data is available for this year.$60.7$0.20$60.5$5.82$2.40$3.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.9$0.69$49.2$2.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.8$0.19$38.6$3.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.4$0.09$41.3$2.10