Civic Intelligence

Texas Tech Alumni Association Endowment Trust

990 • Fiscal year 2021 • EIN 23-7319286

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 11, 2022

PO Box 45001Lubbock, TX 79409

(806) 742-3641

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.39x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

2nd percentile

-135%

Higher net margin than 2% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

58th percentile

$194,153

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 78.7% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

68th percentile

18%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-66%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$14,002,966

Up $2,169,118 (+18%) from 2020

Net Assets

Up

$13,907,043

Up $2,217,899 (+19%) from 2020

Liabilities

Down

$95,923

Down $48,781 (-34%) from 2020

Revenue

Down

$246,773

Down $479,429 (-66%) from 2020

Expenses

Down

$579,903

Down $18,533 (-3.1%) from 2020

Net Income

Down

-$333,130

Down $460,896 (-361%) from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $5,659,993Liabilities 2010: $26,464Net Assets 2010: $5,633,5292010Assets 2011: $5,660,816Liabilities 2011: $20,411Net Assets 2011: $5,640,4052011Assets 2012: $6,264,658Liabilities 2012: $31,151Net Assets 2012: $6,233,5072012Assets 2013: $7,552,724Liabilities 2013: $32,847Net Assets 2013: $7,519,8772013Assets 2015: $8,938,070Liabilities 2015: $166,349Net Assets 2015: $8,771,7212015Assets 2016: $9,431,731Liabilities 2016: $197,410Net Assets 2016: $9,234,3212016Assets 2017: $10,941,007Liabilities 2017: $394,090Net Assets 2017: $10,546,9172017Assets 2018: $11,716,808Liabilities 2018: $178,841Net Assets 2018: $11,537,9672018Assets 2019: $11,852,837Liabilities 2019: $89,961Net Assets 2019: $11,762,8762019Assets 2020: $11,833,848Liabilities 2020: $144,704Net Assets 2020: $11,689,1442020Assets 2021: $14,002,966Liabilities 2021: $95,923Net Assets 2021: $13,907,0432021Assets 2022: $14,292,236Liabilities 2022: $76,068Net Assets 2022: $14,216,1682022Assets 2023: $14,864,543Liabilities 2023: $179,888Net Assets 2023: $14,684,6552023Assets 2024: $16,567,730Liabilities 2024: $174,732Net Assets 2024: $16,392,9982024

Highlighted filing

2021

Assets$14,002,966
Liabilities$95,923
Net Assets$13,907,043

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $302,8752010Expenses 2011: $229,5602011Expenses 2012: $260,4342012Revenue 2013: $1,541,479Expenses 2013: $313,465Net Income 2013: $1,228,0142013Revenue 2015: $827,344Expenses 2015: $368,751Net Income 2015: $458,5932015Revenue 2016: $1,105,466Expenses 2016: $438,302Net Income 2016: $667,1642016Revenue 2017: $1,413,114Expenses 2017: $425,420Net Income 2017: $987,6942017Revenue 2018: $863,511Expenses 2018: $386,237Net Income 2018: $477,2742018Revenue 2019: $732,138Expenses 2019: $527,669Net Income 2019: $204,4692019Revenue 2020: $726,202Expenses 2020: $598,436Net Income 2020: $127,7662020Revenue 2021: $246,773Expenses 2021: $579,903Net Income 2021: -$333,1302021Revenue 2022: $1,059,568Expenses 2022: $552,392Net Income 2022: $507,1762022Revenue 2023: $673,328Expenses 2023: $545,172Net Income 2023: $128,1562023Revenue 2024: $1,422,521Expenses 2024: $679,085Net Income 2024: $743,4362024

Highlighted filing

2021

Revenue$246,773
Expenses$579,903
Net Income-$333,130
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 11, 2022
Return Version
2020v4.2
Gross Receipts
$466,033
Mission and Program Overview

Mission

To assist in developing and increasing the facilities of texas tech university by and through activities of the texas tech alumni association. The goal is the advancement of higher education and broader educational opportunities including research and other literary and scientific undertakings. Provide scholarships and alumni faculty awards.

To assist in developing and increasing the facilities of texas tech university by and through activities of the texas tech alumni association. The goal is the advancement of higher education and broader educational opportunities including research and other literary and scientific undertakings. Provides scholarships and alumni faculty awards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,742,528$10,665,770▲ $1,923,242
Savings and Temporary Cash Investments$2,409,834$2,810,679▲ $400,845
Prepaid Expenses and Deferred Charges$423,046$430,488▲ $7,442
Cash and Non-Interest-Bearing Accounts$132,690$95,529▼ $37,161
Total Assets$11,833,848$14,002,966▲ $2,169,118
Other Assets Total$125,750$500▼ $125,250
Liabilities
Grants Payable$111,000$84,548▼ $26,452
Accounts Payable and Accrued Expenses$22,950$11,000▼ $11,950
Other Liabilities$10,754$0▼ $10,754
Deferred Revenue-$375-
Total Liabilities$144,704$95,923▼ $48,781
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,689,144$13,907,043▲ $2,217,899
Total Net Assets Fund Balance$11,689,144$13,907,043▲ $2,217,899
Total Liabilities and Net Assets / Fund Balance$11,833,848$14,002,966▲ $2,169,118

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$11,689,144$413,733▲ $2,384,069$6,031$13,907,043
2019$11,762,876$374,611▲ $150,093-$11,689,144
2018$11,537,967$824,286▼ $71,708$5,526$11,762,876
2017$10,546,917$692,452▲ $684,835$8,299$11,537,967
2016$9,234,691$804,072▲ $933,944$52$10,546,917
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike GaylerChairman
Bill BrownBoard Member
Curt LangfordBoard Member
David MillerBoard Member
David Waggoner 920 - 1220Board Member
Kevin NelsonBoard Member
Mark JonesBoard Member
Nathan NashBoard Member
Randy GoldenBoard Member
Rebecca RamirezBoard Member
Rex Isom 920 - 1220Board Member
Rick Overton 920 - 1220Board Member
Russ WebbBoard Member
Staci HernandezBoard Member
Tyler YoungBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$413,733
Program Service Revenue
$0
Investment Income
$-166,960
Other Revenue
$0
All Other Contributions
$413,733
Change in Net Assets
$-333,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$246,773
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,551,029
Total Revenue per Audited Statements
$2,797,802
Total Revenue per Form 990
$246,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$558,197
Other Expenses$21,706
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$558,197--$558,197
Fees for Services Accounting-$15,675-$15,675
Other Expenses$6,031--$6,031
Total Functional Expenses$564,228$15,675$0$579,903

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$579,903
Total Expenses per Audited Statements$579,903
Total Expenses per Form 990$579,903
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Form 990 is reviewed by the endowment officers and is then made available to the other board members for their review.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and audited financial statements are available for viewing by the public at the organization's office located in lubbock, tx.

Form 990, Part VIII, Line 7

The investments of the endowment are comingled with the investements of the university to realize the benefits of higher long-term investment returns, greater portfolio diversity and lower investment management costs. Due to this investment structure there is not enough information to report the gross proceeds and cost related to the sale of investments. Only the net gain or loss from the investment fund are reported to the endowment. As such the endowment is reporting the net loss on line 7b.

Filing and Contact Details

Filer

Filer Name
Texas Tech Alumni Association
EIN
23-7319286
Phone
8067423641
Address
PO BOX 45001, LUBBOCK, TX 79409

Signing Officer

Name
Curt Langford
Title
Director
Phone
8067423641
Signed
2022-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Nelson
Formed
1973
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Bolinger Segars Gilbert and Moss Llp
Address
8215 NASHVILLE AVENUE, LUBBOCK, TX 79423
Preparer
Matt R Willis
Phone
8067473806
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of directors have assigned members of the board to an audit committee. The committee is in charge of selecting the independent cpa to perform the audit, and to oversee the audit. This procedure has not changed from prior years.

Financial Statement Notes

PART V, LINE 4:

To assist in developing and increasing the facilities of texas tech university by and through activities of the texas tech alumni association. The goal is the advancement of higher education and broader educational opportunities including research and other literary and scientific undertakings. Provides scholarships and alumni faculty awards.

PART X, LINE 2:

The endowment trust has adopted the "uncertain tax positions" provisions of accounting principles generally accepted in the united states of america. The primary tax position of the endowment trust is its filing status as a tax exempt entity. The endowment trust determined that it is more likely than not that its tax positions will be sustained upon examination by the internal revenue service (irs), or other state taxing authorities. The endowment trust is no longer subject to examinations by federal taxing authorities for years before 2018. There were no penalties or interest recognized during the year ended august 31, 2021.

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IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt052300
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt052300
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08742528
IRS990/InvestmentsPubTradedSecGrp/EOYAmt010665770
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0219260
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF TEXAS TECH UNIVERSITY BY AND THROUGH ACTIVITIES OF THE TEXAS TECH ALUMNI ASSOCIATION. THE GOAL IS THE ADVANCEMENT OF HIGHER EDUCATION AND BROADER EDUCATIONAL OPPORTUNITIES INCLUDING RESEARCH AND OTHER LITERARY AND SCIENTIFIC UNDERTAKINGS. PROVIDES SCHOLARSHIPS AND ALUMNI FACULTY AWARDS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011689144
IRS990/NetAssetsOrFundBalancesEOYAmt013907043
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-219260
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02551029
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0125750
IRS990/OtherAssetsTotalGrp/EOYAmt0500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt06031
IRS990/OtherExpensesGrp/TotalAmt06031
IRS990/OtherLiabilitiesGrp/BOYAmt010754
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0423046
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0430488
IRS990/PrincipalOfficerNm0KEVIN NELSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0374611
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0579440
IRS990/PYInvestmentIncomeAmt0351591
IRS990/PYOtherExpensesAmt018996
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0127766
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0598436
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0726202
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-333130
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02409834
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02810679
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0413733
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0374611
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0824286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0692452
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0804072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03109154
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt052300
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0138420
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0328667
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0285331
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0361292
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01166010
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72730
IRS990ScheduleA/PublicSupportPY170Pct00.72320
IRS990ScheduleA/PublicSupportTotal170Amt03109154
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0413733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0374611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0824286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0692452
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0804072
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03109154
IRS990ScheduleA/TotalSupportAmt04275164
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt015675
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt011689144
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0413733
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt013907043
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0558197
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02384069
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt06031
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt018996
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt011762876
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0374611
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt011689144
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0579440
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0150093
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt019513
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt011537967
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0824286
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt011762876
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0502630
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-71708
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt05526
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt019493
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt010546917
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0692452
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt011537967
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0358445
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0684835
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt08299
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt020371
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt09234691
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0804072
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt010546917
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0405367
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0933944
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt052
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0579903
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02551029
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt02551029
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0246773
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF TEXAS TECH UNIVERSITY BY AND THROUGH ACTIVITIES OF THE TEXAS TECH ALUMNI ASSOCIATION. THE GOAL IS THE ADVANCEMENT OF HIGHER EDUCATION AND BROADER EDUCATIONAL OPPORTUNITIES INCLUDING RESEARCH AND OTHER LITERARY AND SCIENTIFIC UNDERTAKINGS. PROVIDES SCHOLARSHIPS AND ALUMNI FACULTY AWARDS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ENDOWMENT TRUST HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ENDOWMENT TRUST IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE ENDOWMENT TRUST DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITIES. THE ENDOWMENT TRUST IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2018. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED DURING THE YEAR ENDED AUGUST 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0579903
IRS990ScheduleD/TotalRevenuePerForm990Amt0246773
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02797802
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0579903
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0558197
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0480
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS FOR SCHOLARSHIPS ARE MADE DIRECTLY TO TEXAS TECH UNIVERSITY. THE UNIVERSITY CONFIRMS THE STUDENTS ARE IN SCHOOL AND ELIGIBLE FOR THE SCHOLARSHIPS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0194153
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.6$0.17$16.4$1.42$0.68$0.74
2023Detailed filing. Detailed filing data is available for this year.$14.9$0.18$14.7$0.67$0.55$0.13
2022Detailed filing. Detailed filing data is available for this year.$14.3$0.08$14.2$1.06$0.55$0.51
2021Detailed filing. Detailed filing data is available for this year.$14.0$0.10$13.9$0.25$0.58$0.33
2020Detailed filing. Detailed filing data is available for this year.$11.8$0.14$11.7$0.73$0.60$0.13
2019Detailed filing. Detailed filing data is available for this year.$11.9$0.09$11.8$0.73$0.53$0.20
2018Detailed filing. Detailed filing data is available for this year.$11.7$0.18$11.5$0.86$0.39$0.48
2017Detailed filing. Detailed filing data is available for this year.$10.9$0.39$10.5$1.41$0.43$0.99
2016Detailed filing. Detailed filing data is available for this year.$9.43$0.20$9.23$1.11$0.44$0.67
2015Detailed filing. Detailed filing data is available for this year.$8.94$0.17$8.77$0.83$0.37$0.46
2013Detailed filing. Detailed filing data is available for this year.$7.55$0.03$7.52$1.54$0.31$1.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.26$0.03$6.23$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$0.02$5.64$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$0.03$5.63$0.30