Civic Intelligence

Unthsc Foundation

EIN 47-1744274 • 501(c)3 • Fort Worth, TX

Profile

To advance education through financial support of the university of north texas health science center by the improvement of its research, teaching, scholarship, and facilities.

3500 Camp Bowie Blvd 800Fort Worth, TX 76107-2699

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.80x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

26.19x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2022

Net Margin

61st percentile

8.3%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

501(c)3 • $100M-$250M nonprofits • Source year 2022

Asset Growth

9th percentile

-7.1%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

42%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Assets

Up

$158,191,207

Up $21,501,325 (+16%) from 2023

Liabilities

Up

$122,985,292

Up $17,273,596 (+16%) from 2023

Net Assets

Up

$35,205,915

Up $4,227,729 (+14%) from 2023

Revenue

Down

$2,793,400

Down $1,450,140 (-34%) from 2023

Expenses

Down

$2,394,739

Down $968,398 (-29%) from 2023

Net Income

Down

$398,661

Down $481,742 (-55%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2013: $14,216,508Liabilities 2013: $394,461Net Assets 2013: $13,822,0472013Assets 2014: $17,741,204Liabilities 2014: $146,620Net Assets 2014: $17,594,5842014Assets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $13,077,979Liabilities 2016: $0Net Assets 2016: $13,077,9792016Assets 2017: $48,327,664Liabilities 2017: $30,559,385Net Assets 2017: $17,768,2792017Assets 2018: $61,160,598Liabilities 2018: $36,493,709Net Assets 2018: $24,666,8892018Assets 2019: $82,202,900Liabilities 2019: $54,458,743Net Assets 2019: $27,744,1572019Assets 2020: $87,936,505Liabilities 2020: $61,106,304Net Assets 2020: $26,830,2012020Assets 2021: $134,843,787Liabilities 2021: $106,027,779Net Assets 2021: $28,816,0082021Assets 2022: $125,259,729Liabilities 2022: $100,486,802Net Assets 2022: $24,772,9272022Assets 2023: $136,689,882Liabilities 2023: $105,711,696Net Assets 2023: $30,978,1862023Assets 2024: $158,191,207Liabilities 2024: $122,985,292Net Assets 2024: $35,205,9152024

Highlighted filing

2024

Assets$158,191,207
Liabilities$122,985,292
Net Assets$35,205,915

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2013: $4,352,291Expenses 2013: $2,266,191Net Income 2013: $2,086,1002013Revenue 2014: $4,863,511Expenses 2014: $2,106,521Net Income 2014: $2,756,9902014Revenue 2015: $3,679,604Expenses 2015: $2,982,018Net Income 2015: $697,5862015Revenue 2016: $5,197,569Expenses 2016: $9,759,486Net Income 2016: -$4,561,9172016Revenue 2017: $4,696,193Expenses 2017: $7,139,569Net Income 2017: -$2,443,3762017Revenue 2018: $13,155,445Expenses 2018: $5,598,172Net Income 2018: $7,557,2732018Revenue 2019: $8,040,930Expenses 2019: $5,062,102Net Income 2019: $2,978,8282019Revenue 2020: $3,680,004Expenses 2020: $6,465,731Net Income 2020: -$2,785,7272020Revenue 2021: $2,693,485Expenses 2021: $4,429,306Net Income 2021: -$1,735,8212021Revenue 2022: $3,836,787Expenses 2022: $3,518,944Net Income 2022: $317,8432022Revenue 2023: $4,243,540Expenses 2023: $3,363,137Net Income 2023: $880,4032023Revenue 2024: $2,793,400Expenses 2024: $2,394,739Net Income 2024: $398,6612024

Highlighted filing

2024

Revenue$2,793,400
Expenses$2,394,739
Net Income$398,661

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Mar 3, 2025
Return Version
2023v6.0
Gross Receipts
$3,835,657
Mission and Program Overview

Mission

To advance education through financial support of the university of north texas health science center by the improvement of its research, teaching, scholarship, and facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$133,319,651$156,488,311▲ $23,168,660
Savings and Temporary Cash Investments$2,548,498$1,086,629▼ $1,461,869
Pledges and Grants Receivable$656,577$275,248▼ $381,329
Prepaid Expenses and Deferred Charges$69,123$196,919▲ $127,796
Cash and Non-Interest-Bearing Accounts$14,052$5,376▼ $8,676
Total Assets$136,689,882$158,191,207▲ $21,501,325
Other Assets Total$81,981$138,724▲ $56,743
Liabilities
Other Liabilities$105,527,553$122,802,056▲ $17,274,503
Accounts Payable and Accrued Expenses$184,143$168,236▼ $15,907
Deferred Revenue-$15,000-
Total Liabilities$105,711,696$122,985,292▲ $17,273,596
Net Assets / Fund Balance
Net Assets With Donor Restrictions$28,128,792$32,829,097▲ $4,700,305
Net Assets Without Donor Restrictions$2,849,394$2,376,818▼ $472,576
Total Net Assets Fund Balance$30,978,186$35,205,915▲ $4,227,729
Total Liabilities and Net Assets / Fund Balance$136,689,882$158,191,207▲ $21,501,325

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$9,166,984--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$24,299,350$497,565▲ $6,405,200$899,993$30,302,122
2023$21,943,539$1,322,972▲ $1,954,845$922,006$24,299,350
2022$26,100,608$243,419▼ $3,483,079$917,409$21,943,539
2021$18,997,701$366,799▲ $3,563,564$827,456$22,100,608
2020$17,438,678$389,538▲ $1,752,039$582,554$18,997,701
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$1,400,194
Program Service Revenue
$0
Investment Income
$1,136,340
Other Revenue
$256,866
All Other Contributions
$1,299,614
Change in Net Assets
$398,661

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
Securities Publicly Traded1$25,089Nyse Hi-lo Average
Drugs and Medical Supplies2$10,300Fair Market Value (FMV)
Food Inventory1$1,655Fair Market Value (FMV)
Other Non Cash Contri Table1$205Fair Market Value (FMV)
Total Noncash Contributions5$37,249-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,729,022
Revenue Not Reported on Financial Statements
$64,378
Revenue Not Reported on Form 990
$3,833,944
Other Revenue Adjustments
$-17,152
Total Revenue per Audited Statements
$6,562,966
Total Revenue per Form 990
$2,793,400
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,614,331
Other Expenses$780,408
Total Fundraising Expense$93,449
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,614,331--$1,614,331
Fees for Services Accounting-$278,869-$278,869
Fees for Services Other-$132,026-$132,026
Information Technology-$109,570-$109,570
Fees for Service Investment Mgmnt Fees-$81,530-$81,530
All Other Expenses-$17,129-$17,129
Other Expenses-$10,720$93,449$10,720
Insurance-$8,848-$8,848
Office Expenses-$5,788-$5,788
Conferences and Meetings-$4,185-$4,185
Advertising-$1,132-$1,132
Travel-$200-$200
Occupancy-$171-$171
Total Functional Expenses$1,614,331$686,959$93,449$2,394,739

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,394,739
Total Expenses per Audited Statements$2,335,237
Expenses per Audited Statements$2,313,209
Expenses Not Reported on Financial Statements$81,530
Expenses Not Reported on Form 990$22,028
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of North Texas Health Science CenterFort Worth, TX501(c)(3)Medical Research and Education$1,609,296
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,152
Fundraising Gross Income$12,400
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Horsman Mcfadden Golf Tournament$102,980$12,400$4,292$8,108
Legends Gala$10,000---
Total Events$112,980$12,400$17,152$-4,752
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$122,802,056
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
No
Other officer compensation reviewed
No
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

A draft copy of form 990 is presented to the executive committee of the board before it is filed. The executive committee presents the final return to the board of directors at its next regular meeting.

Form 990, Part VI, Section B, Line 12C

Officers, directors, and key employees are required to annually review the foundation's conflict of interest policy and acknowledge compliance with that policy.

Form 990, Part VI, Section C, Line 19

This information is made available to requesters upon request.

Filing and Contact Details

Filer

Filer Name
Unthsc Foundation
EIN
47-1744274
Phone
8177352445
Address
3500 CAMP BOWIE BLVD 800, FORT WORTH, TX 76107-2699

Signing Officer

Name
Dr Kimberly Russell
Title
Executive Director
Phone
8177352445
Signed
2025-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Kimberly Russell
Formed
2014
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
35

Preparer

Firm
Weaver and Tidwell Llp
Address
2300 N FIELD ST STE 1000, DALLAS, TX 75201
Preparer
Sara Burkhart
Phone
9724901970
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The audit process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation recognizes in its financial statements the financial effect of a tax position, if that position is more likely than not to be sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the position. Tax positions taken related to the foundation's tax exempt status for federal tax purposes and state filing requirements have been reviewed, and management is of the opinion that material positions taken by the foundation would more likely than not be sustained upon examination. Accordingly, the foundation has not recorded an income tax liability for uncertain tax benefits.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Special event expenses -17,152.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 17,152.

Raw XML AppendixShowing 400 of 581 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
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IRS990/MissionDesc0TO ADVANCE EDUCATION THROUGH FINANCIAL SUPPORT OF THE UNIVERSITY OF NORTH TEXAS HEALTH SCIENCE CENTER BY THE IMPROVEMENT OF ITS RESEARCH, TEACHING, SCHOLARSHIP, AND FACILITIES.
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IRS990/PrincipalOfficerNm0DR KIMBERLY RUSSELL
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IRS990/ProgSrvcAccomActy2Grp/Desc0OSTEOPATHIC HERITAGE FOUNDATION ENDOWED CHAIR OF CLINICAL RESEARCHTHE RICHARDS-COHEN DISTINGUISHED CHAIR IN CLINICAL RESEARCH ENDOWMENT WAS CREATED TO SUPPORT CLINICAL RESEARCH AND EDUCATION IN THE TEXAS COLLEGE OF OSTEOPATHIC MEDICINE AT THE UNIVERSITY OF NORTH TEXAS HEALTH SCIENCE CENTER. CURRENT EFFORTS FOCUS ON ESTABLISHING A REPLICABLE CLINICAL RESEARCH TEAM MODEL THAT ENCOURAGES OSTEOPATHIC PHYSICIANS TO ENGAGE IN PATIENT-BASED CLINICAL RESEARCH.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE LEVINE PRESIDENT'S AWARDS PROVIDE ACADEMIC SCHOLARSHIPS TO STUDENTS IN EACH OF THE HSC'S SCHOOLS/COLLEGES BASED ON AWARDING DECISIONS MADE BY THE HSC SCHOLARSHIP COMMITTEE. AT THE INSTRUCTION OF THE PRESIDENT, THESE AWARDS ARE TO BE DIVIDED EQUALLY TO SUPPORT STUDENTS IN THE TEXAS COLLEGE OF OSTEOPATHIC MEDICINE, GRADUATE SCHOOL OF BIOMEDICAL SCIENCES, SCHOOL OF PUBLIC HEALTH, SCHOOL OF HEALTH PROFESSIONS (PHYSICIAN ASSISTANTS AND PHYSICIAN THERAPISTS), AND COLLEGE OF PHARMACY. THE ENDOWMENT SUPPORTING THESE AWARDS WAS RECEIVED THROUGH AN INSURANCE POLICY WITH INSTRUCTIONS TO BE USED AT THE DISCRETION OF THE HSC PRESIDENT.
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