Civic Intelligence

Lamar University Foundation Inc.

990 • Fiscal year 2023 • EIN 23-7298265

Sep 01, 2022 to Aug 31, 2023 • Filed on Mar 04, 2023

Organization Profilelamar.edu/advancement/foundation/index.html
P O Box 11500Beaumont, TX 77710

(409) 880-2117

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.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

23rd percentile

0.17x

Higher debt load relative to revenue than 23% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

90th percentile

39%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

12th percentile

$207,418

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

54th percentile

6.9%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

0.2%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$128,290,438

Up $8,253,724 (+6.9%) from 2022

Net Assets

Up

$126,741,958

Up $8,269,703 (+7.0%) from 2022

Liabilities

Down

$1,548,480

Down $15,979 (-1.0%) from 2022

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin90th percentile

Revenue

Up

$9,209,579

Up $20,230 (+0.2%) from 2022

Expenses

Up

$5,628,976

Up $136,633 (+2.5%) from 2022

Net Income

Down

$3,580,603

Down $116,403 (-3.1%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$200M$150M$100M$50M$0Assets 2014: $70,964,204Liabilities 2014: $0Net Assets 2014: $70,964,2042014Assets 2015: $72,399,537Liabilities 2015: $50Net Assets 2015: $72,399,4872015Assets 2016: $75,151,234Liabilities 2016: $15,500Net Assets 2016: $75,135,7342016Assets 2017: $83,034,572Liabilities 2017: $0Net Assets 2017: $83,034,5722017Assets 2018: $89,726,452Liabilities 2018: $8,180Net Assets 2018: $89,718,2722018Assets 2019: $95,686,394Liabilities 2019: $1,407,722Net Assets 2019: $94,278,6722019Assets 2020: $106,218,449Liabilities 2020: $795,074Net Assets 2020: $105,423,3752020Assets 2021: $128,618,821Liabilities 2021: $1,201,475Net Assets 2021: $127,417,3462021Assets 2022: $120,036,714Liabilities 2022: $1,564,459Net Assets 2022: $118,472,2552022Assets 2023: $128,290,438Liabilities 2023: $1,548,480Net Assets 2023: $126,741,9582023Assets 2024: $151,399,653Liabilities 2024: $4,365,137Net Assets 2024: $147,034,5162024

Highlighted filing

2023

Assets$128,290,438
Liabilities$1,548,480
Net Assets$126,741,958
Open 2023 Filing

Operations Trend

Revenue Growth40th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $16,201,441Expenses 2014: $2,863,236Net Income 2014: $13,338,2052014Revenue 2015: $7,489,614Expenses 2015: $3,042,236Net Income 2015: $4,447,3782015Revenue 2016: $4,496,441Expenses 2016: $4,576,933Net Income 2016: -$80,4922016Revenue 2017: $10,176,937Expenses 2017: $4,036,295Net Income 2017: $6,140,6422017Revenue 2018: $10,083,102Expenses 2018: $6,858,130Net Income 2018: $3,224,9722018Revenue 2019: $8,587,638Expenses 2019: $5,044,454Net Income 2019: $3,543,1842019Revenue 2020: $12,666,257Expenses 2020: $6,382,343Net Income 2020: $6,283,9142020Revenue 2021: $10,753,900Expenses 2021: $5,882,129Net Income 2021: $4,871,7712021Revenue 2022: $9,189,349Expenses 2022: $5,492,343Net Income 2022: $3,697,0062022Revenue 2023: $9,209,579Expenses 2023: $5,628,976Net Income 2023: $3,580,6032023Revenue 2024: $14,317,021Expenses 2024: $6,617,644Net Income 2024: $7,699,3772024

Highlighted filing

2023

Revenue$9,209,579
Expenses$5,628,976
Net Income$3,580,603
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Mar 4, 2023
Return Version
2022v5.0
Gross Receipts
$28,072,996
Mission and Program Overview

Mission

The Foundation supports the development and promotion of Lamar University, its students, faculty and staff. The Lamar University Foundation supports and enhances Lamar University by encouraging the commitment of personal and financial resources to further the education of Lamar University students. The Foundation promotes the stewardship of donors to enhance the quality of services provided by the University to student, faculty, alumni and friends. The Lamar University Foundation manages the investments, serves as trustee of the endowment funds and other private assets contributed for the benefit of Lamar University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$94,799,777$99,297,712▲ $4,497,935
Investments Other Securities$21,585,330$25,360,534▲ $3,775,204
Land, Buildings, and Equipment, Net$1,231,412$1,447,513▲ $216,101
Cash and Non-Interest-Bearing Accounts$1,383,485$758,546▼ $624,939
Other Notes and Loans Receivable, Net-$400,000-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$120,036,714$128,290,438▲ $8,253,724
Other Assets Total$1,036,710$1,026,133▼ $10,577
Liabilities
Other Liabilities$1,564,459$1,548,480▼ $15,979
Total Liabilities$1,564,459$1,548,480▼ $15,979
Net Assets / Fund Balance
Net Assets With Donor Restrictions$114,759,353$122,832,305▲ $8,072,952
Net Assets Without Donor Restrictions$3,712,902$3,909,653▲ $196,751
Total Net Assets Fund Balance$118,472,255$126,741,958▲ $8,269,703
Total Liabilities and Net Assets / Fund Balance$120,036,714$128,290,438▲ $8,253,724

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,545$32,306$37,851
Land$1,441,968--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$116,385,107$6,484,413▲ $8,737,625-$125,058,246
2021$126,251,670$5,825,732▼ $9,245,820-$116,385,107
2020$103,745,803$6,693,787▲ $22,516,562-$126,251,670
2019$93,784,514$5,037,588▲ $12,822,322-$103,745,802
2018$88,012,715$7,223,479▲ $3,900,142-$93,784,514
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Karen NicholsCOOPT$77,269$77,269

Board Members and Trustees

NameTitle
Don ShaverChairman
Larry NorwoodTrste/COM Chair
Rena ClarkTrste/COM Chair
Sandra F ClarkTrste/COM Chair
Terry GarthTrste/COM Chair
Becky MasonVice Chairman
Ann Die HasselmoTrustee
Carmen JordanTrustee
Catherine LongTrustee
Clayton LauTrustee
Elaine HenryTrustee
Ellen RienstraTrustee
Herman Wilson JrTrustee
J Mark SmithTrustee
J Pat ParsonsTrustee
Jerry DearingTrustee
Lori RyerkerkTrustee
Michael L BurrowTrustee
Michael Roebuck SrTrustee
Mike JenkinsTrustee
Mike TurnerTrustee
Phillip E FullerTrustee
Vernon DurdenTrustee
Juan J ZabalaCEO
Gisela HousemanSecretary
Joe VernonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,598,080
Program Service Revenue
$0
Investment Income
$3,921,735
Other Revenue
$689,764
All Other Contributions
$4,598,080
Change in Net Assets
$3,580,603

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$263,508Market quotes
Other Non Cash Contri Table1$100Bank value
Total Noncash Contributions10$263,608-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,013,158
Revenue Not Reported on Financial Statements
$196,421
Revenue Not Reported on Form 990
$4,689,100
Total Revenue per Audited Statements
$13,702,258
Total Revenue per Form 990
$9,209,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,209,374
Grants and Similar Amounts Paid$2,419,602
Total Fundraising Expense$376,011
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,419,602--$2,419,602
All Other Expenses$208,051$19,475$30,722$258,248
Conferences and Meetings$178,944$20,127$41,378$240,449
Fees for Service Investment Mgmnt Fees-$196,421-$196,421
Travel$112,821$27,183$16,987$156,991
Fees for Services Other$145,438--$145,438
Other Expenses$91,772$35,486$1,548$128,806
Fees for Services Accounting-$16,800-$16,800
Insurance-$13,804-$13,804
Office Expenses-$10,026$235$10,261
Fees for Services Legal-$5,327-$5,327
Depreciation Depletion-$4,012-$4,012
Total Functional Expenses$4,647,338$605,627$376,011$5,628,976

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,628,976
Expenses per Audited Statements$5,432,555
Total Expenses per Audited Statements$5,432,555
Expenses Not Reported on Financial Statements$196,421
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lamar UniversityBeaumont, TX-Faculty support$869,261
Lamar UniversityBeaumont, TX-Other$619,683
Lamar UniversityBeaumont, TX-Students & Student organizations$480,679
Lamar UniversityBeaumont, TX-Facility & equipment$40,216
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
Funds held under agency agreement$1,548,480
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, Section B, Line 11B

“The Foundation's Form 990 is reviewed and approved by the Audit Committee for filing then submitted to the Executive Committee and Board of Trustees for review and ratification.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Lamar University Foundation Inc
EIN
23-7298265
Phone
4098802117
Address
P O Box 11500, Beaumont, TX 77710

Signing Officer

Name
Juan J Zabala
Title
CEO
Signed
2023-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Juan J Zabala
Formed
1972
Legal Domicile
TX
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
25

Preparer

Firm
Wathen DeShong & Juncker LLP
Address
4140 Gladys Avenue Suite 101, Beaumont, TX 77706
Preparer
Pat O'Neill
Phone
4098381605
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“OTHER PROGRAM SERVICES 4: Other support provided to Lamar University programs as specified by donor restrictions”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Earnings from the endowment funds support scholarships, faculty, and programs at Lamar University as specified by donor restrictions.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0Juan J Zabala
IRS990/Form990PartVIISectionAGrp/PersonNm1Karen Nichols
IRS990/Form990PartVIISectionAGrp/PersonNm2J Mark Smith
IRS990/Form990PartVIISectionAGrp/PersonNm3Elaine Henry
IRS990/Form990PartVIISectionAGrp/PersonNm4J Pat Parsons
IRS990/Form990PartVIISectionAGrp/PersonNm5Sandra F Clark
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael L Burrow
IRS990/Form990PartVIISectionAGrp/PersonNm7Rena Clark
IRS990/Form990PartVIISectionAGrp/PersonNm8Jerry Dearing
IRS990/Form990PartVIISectionAGrp/PersonNm9Vernon Durden
IRS990/Form990PartVIISectionAGrp/PersonNm10Phillip E Fuller
IRS990/Form990PartVIISectionAGrp/PersonNm11Terry Garth
IRS990/Form990PartVIISectionAGrp/PersonNm12Ann Die Hasselmo
IRS990/Form990PartVIISectionAGrp/PersonNm13Gisela Houseman
IRS990/Form990PartVIISectionAGrp/PersonNm14Mike Jenkins
IRS990/Form990PartVIISectionAGrp/PersonNm15Carmen Jordan
IRS990/Form990PartVIISectionAGrp/PersonNm16Clayton Lau
IRS990/Form990PartVIISectionAGrp/PersonNm17Catherine Long
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IRS990/Form990PartVIISectionAGrp/PersonNm19Larry Norwood
IRS990/Form990PartVIISectionAGrp/PersonNm20Ellen Rienstra
IRS990/Form990PartVIISectionAGrp/PersonNm21Michael Roebuck Sr
IRS990/Form990PartVIISectionAGrp/PersonNm22Lori Ryerkerk
IRS990/Form990PartVIISectionAGrp/PersonNm23Don Shaver
IRS990/Form990PartVIISectionAGrp/PersonNm24Mike Turner
IRS990/Form990PartVIISectionAGrp/PersonNm25Joe Vernon
IRS990/Form990PartVIISectionAGrp/PersonNm26Herman Wilson Jr
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IRS990/MissionDesc0The Foundation supports the development and promotion of Lamar University, its students, faculty and staff. The Lamar University Foundation supports and enhances Lamar University by encouraging the commitment of personal and financial resources to further the education of Lamar University students. The Foundation promotes the stewardship of donors to enhance the quality of services provided by the University to student, faculty, alumni and friends. The Lamar University Foundation manages the investments, serves as trustee of the endowment funds and other private assets contributed for the benefit of Lamar University.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$128,290,438
Liabilities
$1,548,480
Net assets
$126,741,958
Revenue
$9,209,579
Expenses
$5,628,976
Net income
$3,580,603
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$151$4.37$147$14.3$6.62$7.70
2023Detailed filing. Detailed filing data is available for this year.$128$1.55$127$9.21$5.63$3.58
2022Detailed filing. Detailed filing data is available for this year.$120$1.56$118$9.19$5.49$3.70
2021Detailed filing. Detailed filing data is available for this year.$129$1.20$127$10.8$5.88$4.87
2020Detailed filing. Detailed filing data is available for this year.$106$0.80$105$12.7$6.38$6.28
2019Detailed filing. Detailed filing data is available for this year.$95.7$1.41$94.3$8.59$5.04$3.54
2018Detailed filing. Detailed filing data is available for this year.$89.7$0.01$89.7$10.1$6.86$3.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.0$0.00$83.0$10.2$4.04$6.14
2016Detailed filing. Detailed filing data is available for this year.$75.2$0.02$75.1$4.50$4.58$0.08
2015Detailed filing. Detailed filing data is available for this year.$72.4$0.00$72.4$7.49$3.04$4.45
2014Detailed filing. Detailed filing data is available for this year.$71.0$0.00$71.0$16.2$2.86$13.3