Civic Intelligence

Texas A&M University - Kingsville Foundation Inc

990 • Fiscal year 2019 • EIN 23-7166534

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 08, 2020

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

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

8th percentile

0.03x

Higher debt load relative to revenue than 8% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

91st percentile

45%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

88th percentile

22%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

23%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$96,931,167

Up $17,653,388 (+22%) from 2018

Net Assets

Up

$96,607,014

Up $17,521,240 (+22%) from 2018

Liabilities

Up

$324,153

Up $132,148 (+69%) from 2018

Revenue

Up

$9,753,936

Up $1,810,399 (+23%) from 2018

Expenses

Up

$5,371,292

Up $651,588 (+14%) from 2018

Net Income

Up

$4,382,644

Up $1,158,811 (+36%) from 2018

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

2019

Assets$96,931,167
Liabilities$324,153
Net Assets$96,607,014

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

2019

Revenue$9,753,936
Expenses$5,371,292
Net Income$4,382,644
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 8, 2020
Return Version
2019v5.0
Gross Receipts
$35,859,175
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.

To build private support for the mission and vision of Texas A&M University-Kingsville.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$66,872,305$87,079,961▲ $20,207,656
Pledges and Grants Receivable$4,291,420$3,508,535▼ $782,885
Savings and Temporary Cash Investments$3,875,346$3,477,994▼ $397,352
Cash and Non-Interest-Bearing Accounts$68,901$316,470▲ $247,569
Accounts Receivable$16,305$141,906▲ $125,601
Land, Buildings, and Equipment, Net$125,849$125,489▼ $360
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$79,277,779$96,931,167▲ $17,653,388
Other Assets Total$4,027,653$2,280,812▼ $1,746,841
Liabilities
Other Liabilities$123,814$263,794▲ $139,980
Grants Payable$64,000$44,000▼ $20,000
Accounts Payable and Accrued Expenses$4,191$16,359▲ $12,168
Total Liabilities$192,005$324,153▲ $132,148
Net Assets / Fund Balance
Net Assets With Donor Restrictions$68,208,677$82,165,320▲ $13,956,643
Net Assets Without Donor Restrictions$10,877,097$14,441,694▲ $3,564,597
Total Net Assets Fund Balance$79,085,774$96,607,014▲ $17,521,240
Total Liabilities and Net Assets / Fund Balance$79,277,779$96,931,167▲ $17,653,388

Asset Categories

AssetBook ValueDepreciationBasis
Land$125,489-$125,489

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$73,847,869$5,845,858▲ $15,493,158-$91,298,976
2018$78,241,823$2,166,567▼ $3,284,359-$73,847,869
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
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
South Texas Money Management LtdInvestment Management700 N St Marys Street Suite 100, San Antonio, TX 78205$236,421
Revenue and Support

Revenue Composition

Contributions and Grants
$6,393,536
Program Service Revenue
$0
Investment Income
$3,351,445
Other Revenue
$8,955
All Other Contributions
$6,393,536
Change in Net Assets
$4,382,644

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$1,520,686Present Value
Securities Publicly Traded6$278,433Market Value
Other Non Cash Contri Table1$100,000Present Value
Other Non Cash Contri Table1$20,000Present Value
Other Non Cash Contri Table1$9,500Present Value
Total Noncash Contributions10$1,928,619-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,709,315
Revenue Not Reported on Financial Statements
$44,621
Other Revenue Adjustments
$44,621
Total Revenue per Audited Statements
$9,709,315
Total Revenue per Form 990
$9,753,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,939,491
Other Expenses$1,298,052
Total Fundraising Expense$222,369
Salaries, Compensation, and Employee Benefits$133,749
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,932,491--$3,932,491
Fees for Service Investment Mgmnt Fees-$563,363-$563,363
Fees for Services Management-$225,000$75,000$300,000
Other Salaries and Wages-$41,141$89,617$130,758
Fees for Services Other$105,478$2,160-$107,638
Conferences and Meetings$51,754$27,350$35$79,139
Fees for Services Accounting-$75,151-$75,151
Travel-$8,559$16,985$25,544
Insurance$16,379$3,459-$19,838
All Other Expenses$10,153$5,693$3,423$19,269
Office Expenses-$10,365$1$10,366
Grants to Domestic Individuals$7,000--$7,000
Information Technology$6,908--$6,908
Other Expenses$29,668$6,453$17,566$6,453
Payroll Taxes-$941$2,050$2,991
Fees for Services Legal-$1,960-$1,960
Advertising--$1,500$1,500
Interest$216--$216
Total Functional Expenses$4,160,047$988,876$222,369$5,371,292

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,371,292
Expenses per Audited Statements$5,326,671
Total Expenses per Audited Statements$5,326,671
Expenses Not Reported on Financial Statements$44,621
Other Expense Adjustments$44,621
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas A&M University KingsvilleKingsville, TX-Scholarships/ Program Support, etc.$3,932,291
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 #2016 - Payables 60 Days$236,531
Acct #2010.1 - TAMUK Assessment$25,000
Payroll Liabilities$2,263
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 35% controlled entity
No
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 are provided copies of Forms 990 and Form 990-T for review prior to filing. Additionally, Form 990 and Form 990-T are 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
LTG Ret Ricardo S Sanchez
Title
Chairman
Signed
2020-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
LTG Ret Ricardo S Sanchez
Formed
1972
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
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 = $12

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

The Foundation's collection consists of 200 original prints which were donated in order to become a part of the permanent collection of art at Texas A&M University - Kingsville. It is to remain intact in order to enrich the University campus and the Kingsville community in perpetuity. The Foundation has entered into a Memorandum of Understanding with the University for the care and preservation of this collection. A value for the contributed collection items is not reflected within Form 990.

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 (2016 through 2019), 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 $29668 Add Back Foreign Tax on Partnership Invs $7771 Add Back Royalty Tax Netted Against Inc $604 Add Back Misc Investment Fee $6453 Add Royalty Revenue Not Included $125

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

Add Back Foreign Tax on Dividend $29668 Add Back Foreign Tax on Partnership Invs $7771 Add Back Royalty Tax Netted Against Inc $604 Add Back Misc Investment Fee $6453 Distribution Not Included $125

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IRS990/Form990PartVIISectionAGrp/PersonNm0Balous Miller
IRS990/Form990PartVIISectionAGrp/PersonNm1Joe Henkel
IRS990/Form990PartVIISectionAGrp/PersonNm2Tom Best
IRS990/Form990PartVIISectionAGrp/PersonNm3Mr J Philip McCormick
IRS990/Form990PartVIISectionAGrp/PersonNm4James McAllen Jr
IRS990/Form990PartVIISectionAGrp/PersonNm5John Michael Howard
IRS990/Form990PartVIISectionAGrp/PersonNm6Sandra Brown
IRS990/Form990PartVIISectionAGrp/PersonNm7Iris J Berthelot II
IRS990/Form990PartVIISectionAGrp/PersonNm8Tom Shockley III
IRS990/Form990PartVIISectionAGrp/PersonNm9Christopher Kleberg
IRS990/Form990PartVIISectionAGrp/PersonNm10Jackie Collins
IRS990/Form990PartVIISectionAGrp/PersonNm11Alvaro Hinojosa
IRS990/Form990PartVIISectionAGrp/PersonNm12Romeo Perez
IRS990/Form990PartVIISectionAGrp/PersonNm13Roberto Montoya
IRS990/Form990PartVIISectionAGrp/PersonNm14LTG Ret Ricardo S Sanchez
IRS990/Form990PartVIISectionAGrp/PersonNm15Bill Colston Jr
IRS990/Form990PartVIISectionAGrp/PersonNm16Eugene Dawson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm17Kevin Beasley
IRS990/Form990PartVIISectionAGrp/PersonNm18Leonard A Bedell
IRS990/Form990PartVIISectionAGrp/PersonNm19Dr Mark A Hussey
IRS990/Form990PartVIISectionAGrp/PersonNm20Bradley Walker
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt17Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt18Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt19Ex Officio Mbr
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IRS990/MissionDesc0The 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
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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