Civic Intelligence

Texas A&M University - Kingsville Foundation Inc

990 • Fiscal year 2017 • EIN 23-7166534

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 25, 2018

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

11th percentile

0.02x

Higher debt load relative to assets than 11% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.19x

Higher debt load relative to revenue than 30% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$85,257,851

Up $9,159,814 (+12%) from 2016

Net Assets

Up

$83,892,762

Up $8,898,549 (+12%) from 2016

Liabilities

Up

$1,365,089

Up $261,265 (+24%) from 2016

Revenue

Up

$7,266,670

Up $1,080,330 (+17%) from 2016

Expenses

Up

$4,109,880

Up $252,263 (+6.5%) from 2016

Net Income

Up

$3,156,790

Up $828,067 (+36%) from 2016

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

2017

Assets$85,257,851
Liabilities$1,365,089
Net Assets$83,892,762

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

2017

Revenue$7,266,670
Expenses$4,109,880
Net Income$3,156,790
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 25, 2018
Return Version
2017v2.2
Gross Receipts
$29,696,272
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$59,370,918$70,838,155▲ $11,467,237
Pledges and Grants Receivable$7,813,545$6,415,949▼ $1,397,596
Savings and Temporary Cash Investments$6,397,974$4,565,782▼ $1,832,192
Cash and Non-Interest-Bearing Accounts$43,483$214,170▲ $170,687
Land, Buildings, and Equipment, Net$126,177$125,849▼ $328
Accounts Receivable$150,638$16,305▼ $134,333
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$76,098,037$85,257,851▲ $9,159,814
Other Assets Total$2,195,302$3,081,641▲ $886,339
Liabilities
Grants Payable$1,060,020$1,316,397▲ $256,377
Other Liabilities$31,185$30,799▼ $386
Accounts Payable and Accrued Expenses$12,619$17,893▲ $5,274
Total Liabilities$1,103,824$1,365,089▲ $261,265
Net Assets / Fund Balance
Permanently Rstr Net Assets$53,243,466$56,530,134▲ $3,286,668
Temporarily Rstr Net Assets$10,882,485$15,403,764▲ $4,521,279
Unrestricted Net Assets$10,868,262$11,958,864▲ $1,090,602
Total Net Assets Fund Balance$74,994,213$83,892,762▲ $8,898,549
Total Liabilities and Net Assets / Fund Balance$76,098,037$85,257,851▲ $9,159,814

Asset Categories

AssetBook ValueDepreciationBasis
Land$125,849-$125,849

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$68,684,431$2,930,749▲ $9,377,705-$78,241,823
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
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
South Texas Money Management LtdInvestment Mgt700 N St Marys Street Suite 100, San Antonio, TX 78205$197,901
Revenue and Support

Revenue Composition

Contributions and Grants
$3,145,366
Program Service Revenue
$0
Investment Income
$4,109,250
Other Revenue
$12,054
All Other Contributions
$3,145,366
Change in Net Assets
$3,156,790

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
Other Non Cash Contri Table1$764,512Present Value
Securities Publicly Traded3$64,374Fair Market Value
Other Non Cash Contri Table1$25,000Present Value
Other Non Cash Contri Table1$15,000Present Value
Other Non Cash Contri Table1$8,000Present Value
Total Noncash Contributions7$876,886-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,251,270
Revenue Not Reported on Financial Statements
$15,400
Other Revenue Adjustments
$15,400
Total Revenue per Audited Statements
$7,251,270
Total Revenue per Form 990
$7,266,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,038,638
Other Expenses$972,968
Total Fundraising Expense$188,893
Salaries, Compensation, and Employee Benefits$98,274
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,031,538--$3,031,538
Fees for Service Investment Mgmnt Fees-$419,294-$419,294
Fees for Services Management-$100,001$100,001$200,002
Fees for Services Other$131,809$700-$132,509
Other Salaries and Wages-$45,645$45,645$91,290
Fees for Services Accounting-$89,600-$89,600
Conferences and Meetings$25,400$10,426-$35,826
Travel$9,037-$9,037$18,074
Insurance$9,679$4,087-$13,766
Office Expenses$2,960$2,960$2,960$8,880
Grants to Domestic Individuals$7,100--$7,100
Other Expenses$2$6,984$3,389$6,984
Payroll Taxes-$3,492$3,492$6,984
Interest$4,857--$4,857
Advertising--$955$955
Depreciation Depletion-$328-$328
All Other Expenses$-5,203$1,184$914$-3,105
Total Functional Expenses$3,227,366$693,621$188,893$4,109,880

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,109,880
Expenses per Audited Statements$4,094,476
Total Expenses per Audited Statements$4,094,476
Expenses Not Reported on Financial Statements$15,404
Other Expense Adjustments$15,404
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas A&M University KingsvilleKingsville, TX-Scholarships/ Program Support, etc.$2,931,538
Sul Ross State UniversityAlpine, TX-West Texas Natives Seeds Project$100,000
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$16,671
Acct #2016$10,584
Payroll Liabilities$3,544
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 11B: Form 990 Review Process

The treasurer and the audit committee were provided copies of the 2017 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 for their review, 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. The board has an 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
2018-08-25
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
Employees
2

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 Decreases

Rounding Difference = -$7

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 (2014 through 2017), 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 4B: Other revenue amounts included on 990 but not included in F/S

Add Back Foreign Tax on Dividend $10187 Add Back Foreign Tax on Partnership Invs $553 Add Back Royalty Tax Netted Against Inc $1118 Add Back Misc Investment Fee $3014 Publishing Royalties Not Included $528 Rounding Differences $0

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

Add Back Foreign Tax on Dividend $10187 Add Back Foreign Tax on Partnership Invs $553 Add Back Royalty Tax Netted Against Inc $1118 Add Back Misc Investment Fee $3014 Increase in Miscellaneous Distributions $528 Rounding $4

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IRS990/Form990PartVIISectionAGrp/PersonNm0Balous Miller
IRS990/Form990PartVIISectionAGrp/PersonNm1Joe Henkel
IRS990/Form990PartVIISectionAGrp/PersonNm2Tom Best
IRS990/Form990PartVIISectionAGrp/PersonNm3Mr J Philip McCormick
IRS990/Form990PartVIISectionAGrp/PersonNm4Gloria Buff Start 217
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 UnderbrinkResigned
IRS990/Form990PartVIISectionAGrp/PersonNm12Kevin Beasley
IRS990/Form990PartVIISectionAGrp/PersonNm13Romeo Perez
IRS990/Form990PartVIISectionAGrp/PersonNm14Roberto Montoya Start 217
IRS990/Form990PartVIISectionAGrp/PersonNm15LTG Ret Ricardo S Sanchez
IRS990/Form990PartVIISectionAGrp/PersonNm16Bill Colston Jr
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/TitleTxt2Director
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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/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt161st Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt172nd Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt18Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt19Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt20Ex Officio Mbr
IRS990/Form990PartVIISectionAGrp/TitleTxt21Executive Dir.
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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/OtherExpensesGrp/Desc0#5283 - Dues & Subscriptions
IRS990/OtherExpensesGrp/Desc1Foreign Tax W/H on Dividends
IRS990/OtherExpensesGrp/Desc2#5270 - Miscellaneous
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IRS990/OtherExpensesGrp/FundraisingAmt13389
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15573
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IRS990/OtherExpensesGrp/TotalAmt110187
IRS990/OtherExpensesGrp/TotalAmt28964
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IRS990/OtherLiabilitiesGrp/BOYAmt031185
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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