Civic Intelligence

Texas Tech Law School Foundation

990 • Fiscal year 2022 • EIN 74-1590489

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 13, 2023

1802 Hartford StLubbock, TX 79409

(806) 742-3990

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

5th percentile

0.01x

Higher debt load relative to revenue than 5% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

392%

Faster revenue growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$29,839,705

Up $5,024,826 (+20%) from 2021

Net Assets

Up

$29,775,484

Up $5,025,639 (+20%) from 2021

Liabilities

Down

$64,221

Down $813 (-1.3%) from 2021

Revenue

Up

$11,819,012

Up $9,415,446 (+392%) from 2021

Expenses

Up

$1,500,309

Up $774,519 (+107%) from 2021

Net Income

Up

$10,318,703

Up $8,640,927 (+515%) from 2021

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $9,567,073Liabilities 2011: $12,781Net Assets 2011: $9,554,2922011Assets 2012: $10,163,835Liabilities 2012: $12,165Net Assets 2012: $10,151,6702012Assets 2013: $10,626,545Liabilities 2013: $24,081Net Assets 2013: $10,602,4642013Assets 2014: $11,008,223Liabilities 2014: $12,064Net Assets 2014: $10,996,1592014Assets 2015: $10,916,238Liabilities 2015: $17,345Net Assets 2015: $10,898,8932015Assets 2016: $11,231,424Liabilities 2016: $4,440Net Assets 2016: $11,226,9842016Assets 2017: $12,403,889Liabilities 2017: $9,941Net Assets 2017: $12,393,9482017Assets 2018: $13,571,497Liabilities 2018: $59,913Net Assets 2018: $13,511,5842018Assets 2019: $13,940,545Liabilities 2019: $23,641Net Assets 2019: $13,916,9042019Assets 2020: $19,120,019Liabilities 2020: $48,869Net Assets 2020: $19,071,1502020Assets 2021: $24,814,879Liabilities 2021: $65,034Net Assets 2021: $24,749,8452021Assets 2022: $29,839,705Liabilities 2022: $64,221Net Assets 2022: $29,775,4842022Assets 2023: $36,734,273Liabilities 2023: $91,327Net Assets 2023: $36,642,9462023Assets 2024: $48,454,255Liabilities 2024: $43,265Net Assets 2024: $48,410,9902024

Highlighted filing

2022

Assets$29,839,705
Liabilities$64,221
Net Assets$29,775,484

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,233,9022011Expenses 2012: $944,6212012Expenses 2013: $879,0252013Revenue 2014: $1,443,106Expenses 2014: $1,060,988Net Income 2014: $382,1182014Revenue 2015: $1,614,403Expenses 2015: $1,115,619Net Income 2015: $498,7842015Revenue 2016: $1,138,915Expenses 2016: $1,350,452Net Income 2016: -$211,5372016Revenue 2017: $1,970,300Expenses 2017: $1,218,335Net Income 2017: $751,9652017Revenue 2018: $1,962,886Expenses 2018: $1,208,123Net Income 2018: $754,7632018Revenue 2019: $1,635,990Expenses 2019: $1,155,862Net Income 2019: $480,1282019Revenue 2020: $3,912,404Expenses 2020: $1,161,324Net Income 2020: $2,751,0802020Revenue 2021: $2,403,566Expenses 2021: $725,790Net Income 2021: $1,677,7762021Revenue 2022: $11,819,012Expenses 2022: $1,500,309Net Income 2022: $10,318,7032022Revenue 2023: $5,037,315Expenses 2023: $1,644,680Net Income 2023: $3,392,6352023Revenue 2024: $7,826,040Expenses 2024: $2,079,597Net Income 2024: $5,746,4432024

Highlighted filing

2022

Revenue$11,819,012
Expenses$1,500,309
Net Income$10,318,703
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 13, 2023
Return Version
2021v4.0
Gross Receipts
$11,819,012
Mission and Program Overview

Mission

Texas tech law school foundation functions as a legal conduit for the acceptance, investment and distribution of private gifts given for the funding of activities and programs related directly to the mission, role and scope of the texas tech university school of law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$23,316,090$27,382,624▲ $4,066,534
Pledges and Grants Receivable$751,352$1,126,586▲ $375,234
Cash and Non-Interest-Bearing Accounts$498,096$1,030,355▲ $532,259
Accounts Receivable$165,051$210,659▲ $45,608
Prepaid Expenses and Deferred Charges$84,290$89,480▲ $5,190
Total Assets$24,814,879$29,839,705▲ $5,024,826
Other Assets Total-$1-
Liabilities
Accounts Payable and Accrued Expenses$65,034$64,221▼ $813
Total Liabilities$65,034$64,221▼ $813
Net Assets / Fund Balance
Net Assets With Donor Restrictions$24,172,627$29,290,870▲ $5,118,243
Net Assets Without Donor Restrictions$577,218$484,614▼ $92,604
Total Net Assets Fund Balance$24,749,845$29,775,484▲ $5,025,639
Total Liabilities and Net Assets / Fund Balance$24,814,879$29,839,705▲ $5,024,826

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$24,172,627$11,064,598▼ $5,946,355-$29,290,870
2020$18,659,299$2,040,160▲ $3,473,168-$24,172,627
2019$10,599,951$3,151,241▲ $4,908,107-$18,659,299
2018$10,376,143$583,967▼ $360,159-$10,599,951
2017$9,314,509$926,809▲ $134,825-$10,376,143
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom HallPresident
Amber CashDirector
Ann ManningDirector
Anna GryskaDirector
Arlene MatthewsDirector
Art HallDirector
Barbara RungeDirector
Beto CardenasDirector
Bill MatejaDirector
Brad HancockDirector
Chris PeirsonDirector
Christopher AntcliffDirector
D Link GrimesDirector
Darryl VereenDirector
David CopelandDirector
David HartDirector
David JoeckelDirector
David SegrestDirector
David WeinsteinDirector
Denis DennisDirector
Diana ValdezDirector
Doug AtnippDirector
Emma CanoDirector
Erwin DavenportDirector
Glenn WestDirector
Gregory GowanDirector
HOLLY O'NEILDirector
Jay HarveyDirector
Jerry DixonDirector
Jo Ben WhittenburgDirector
Joe ConiglioDirector
Karolyne GarnerDirector
Kem FrostDirector
Kristina KastlDirector
Lance EvansDirector
Laura GordonDirector
Mark LanierDirector
Mimi CoffeyDirector
Mitch ToupsDirector
Mollee WestfallDirector
Paul StaffordDirector
Rankin GasawayDirector
Richard RoperDirector
Robert DuncanDirector
Roger KeyDirector
Scott SummyDirector
Wade SheltonDirector
Jack Wade NowlinSecretary/tr
Mc CarringtonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$11,316,291
Program Service Revenue
$15,650
Investment Income
$-41,646
Other Revenue
$528,717
All Other Contributions
$11,316,291
Change in Net Assets
$10,318,703

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 Traded3$69,011Fair Market Value (FMV)
Total Noncash Contributions3$69,011-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,819,012
Total Revenue per Audited Statements
$11,819,012
Total Revenue per Form 990
$11,819,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,500,309
Total Fundraising Expense$249,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$260,721$206,750$249,125$206,750
All Other Expenses$148,847--$148,847
Fees for Service Investment Mgmnt Fees-$95,866-$95,866
Fees for Services Accounting-$11,950-$11,950
Total Functional Expenses$936,618$314,566$249,125$1,500,309

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,500,309
Total Expenses per Audited Statements$1,500,309
Total Expenses per Form 990$1,500,309
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
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization reviews the audited financial statements that support this tax return.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Texas Tech Law School Foundation
EIN
74-1590489
Phone
8067423990
Address
1802 HARTFORD ST, LUBBOCK, TX 79409

Signing Officer

Name
Lisa Green
Title
COO
Phone
8067423990
Signed
2023-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Hall
Formed
1967
Legal Domicile
TX
Voting Board Members
49
Independent Board Members
49
Employees
0
Volunteers
1,500

Preparer

Firm
Robinson Burdette Martin & Seright Llp
Address
9816 SLIDE RD STE 301, LUBBOCK, TX 79424-7672
Preparer
John Seright
Phone
8067443333
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Texas tech law school foundation functions as a legal conduit for the acceptance, investment and distribution of private gifts given for the funding of activities and programs related directly to the mission, role and scope of the texas tech university school of law.

Financial Statement Notes

Schedule D, Page 3, Part X

Gaap requires management to evaluate tax positions taken by the foundation and recognize a tax liability (or asset) if the foundation has taken an uncertain tax position that more likely than not would not be sustained upon examination by the applicable authorities. Examples of tax positions include the tax-exempt status of an organization and various positions related to the potential sources of unrelated business income tax (ubit). No unrecognized tax liabilities or benefits have been recorded for purposes of the accompanying financial statements. There are currently no audits for any tax periods in progress. Generally, the foundations tax returns are subject to examination for three years after they are filed.

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IRS990/Form990PartVIISectionAGrp/PersonNm4AMBER CASH
IRS990/Form990PartVIISectionAGrp/PersonNm5MIMI COFFEY
IRS990/Form990PartVIISectionAGrp/PersonNm6JOE CONIGLIO
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID COPELAND
IRS990/Form990PartVIISectionAGrp/PersonNm8ERWIN DAVENPORT
IRS990/Form990PartVIISectionAGrp/PersonNm9DENIS DENNIS
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IRS990/Form990PartVIISectionAGrp/PersonNm12LANCE EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm13KEM FROST
IRS990/Form990PartVIISectionAGrp/PersonNm14KAROLYNE GARNER
IRS990/Form990PartVIISectionAGrp/PersonNm15RANKIN GASAWAY
IRS990/Form990PartVIISectionAGrp/PersonNm16LAURA GORDON
IRS990/Form990PartVIISectionAGrp/PersonNm17GREGORY GOWAN
IRS990/Form990PartVIISectionAGrp/PersonNm18D LINK GRIMES
IRS990/Form990PartVIISectionAGrp/PersonNm19ANNA GRYSKA
IRS990/Form990PartVIISectionAGrp/PersonNm20ART HALL
IRS990/Form990PartVIISectionAGrp/PersonNm21BRAD HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm22DAVID HART
IRS990/Form990PartVIISectionAGrp/PersonNm23JAY HARVEY
IRS990/Form990PartVIISectionAGrp/PersonNm24DAVID JOECKEL
IRS990/Form990PartVIISectionAGrp/PersonNm25KRISTINA KASTL
IRS990/Form990PartVIISectionAGrp/PersonNm26ROGER KEY
IRS990/Form990PartVIISectionAGrp/PersonNm27MARK LANIER
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IRS990/Form990PartVIISectionAGrp/PersonNm29BILL MATEJA
IRS990/Form990PartVIISectionAGrp/PersonNm30ARLENE MATTHEWS
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IRS990/Form990PartVIISectionAGrp/PersonNm32CHRIS PEIRSON
IRS990/Form990PartVIISectionAGrp/PersonNm33RICHARD ROPER
IRS990/Form990PartVIISectionAGrp/PersonNm34BARBARA RUNGE
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IRS990/Form990PartVIISectionAGrp/PersonNm36WADE SHELTON
IRS990/Form990PartVIISectionAGrp/PersonNm37PAUL STAFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm38SCOTT SUMMY
IRS990/Form990PartVIISectionAGrp/PersonNm39MITCH TOUPS
IRS990/Form990PartVIISectionAGrp/PersonNm40DIANA VALDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm41DARRYL VEREEN
IRS990/Form990PartVIISectionAGrp/PersonNm42DAVID WEINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm43GLENN WEST
IRS990/Form990PartVIISectionAGrp/PersonNm44MOLLEE WESTFALL
IRS990/Form990PartVIISectionAGrp/PersonNm45JO BEN WHITTENBURG
IRS990/Form990PartVIISectionAGrp/PersonNm46MC CARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm47TOM HALL
IRS990/Form990PartVIISectionAGrp/PersonNm48JACK WADE NOWLIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt460
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt480
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt450
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt470
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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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.$48.5$0.04$48.4$7.83$2.08$5.75
2023Detailed filing. Detailed filing data is available for this year.$36.7$0.09$36.6$5.04$1.64$3.39
2022Detailed filing. Detailed filing data is available for this year.$29.8$0.06$29.8$11.8$1.50$10.3
2021Detailed filing. Detailed filing data is available for this year.$24.8$0.07$24.7$2.40$0.73$1.68
2020Detailed filing. Detailed filing data is available for this year.$19.1$0.05$19.1$3.91$1.16$2.75
2019Detailed filing. Detailed filing data is available for this year.$13.9$0.02$13.9$1.64$1.16$0.48
2018Detailed filing. Detailed filing data is available for this year.$13.6$0.06$13.5$1.96$1.21$0.75
2017Detailed filing. Detailed filing data is available for this year.$12.4$0.01$12.4$1.97$1.22$0.75
2016Detailed filing. Detailed filing data is available for this year.$11.2$0.00$11.2$1.14$1.35$0.21
2015Detailed filing. Detailed filing data is available for this year.$10.9$0.02$10.9$1.61$1.12$0.50
2014Detailed filing. Detailed filing data is available for this year.$11.0$0.01$11.0$1.44$1.06$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$0.02$10.6$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.01$10.2$0.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.57$0.01$9.55$1.23