Civic Intelligence

Texas State University System Foundation Inc.

990 • Fiscal year 2023 • EIN 74-1946138

Sep 01, 2022 to Aug 31, 2023 • Filed on May 14, 2024

601 Colorado StreetAustin, TX 78701

(512) 463-4862

Siviq Scores

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

Liabilities / Assets

27th percentile

0.03x

Higher debt load relative to assets than 27% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

44th percentile

0.14x

Higher debt load relative to revenue than 44% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

78th percentile

24%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

40th percentile

2.2%

Faster asset growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Up

$6,827,093

Up $145,168 (+2.2%) from 2022

Net Assets

Up

$6,648,612

Up $313,193 (+4.9%) from 2022

Liabilities

Down

$178,481

Down $168,025 (-48%) from 2022

Revenue

Up

$1,309,027

Up $1,309,027 from 2022

Expenses

Up

$995,834

Up $552,283 (+125%) from 2022

Net Income

Up

$313,193

Up $756,744 (+171%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $8,891,034Liabilities 2011: $903,918Net Assets 2011: $7,987,1162011Assets 2012: $9,018,218Liabilities 2012: $1,799,132Net Assets 2012: $7,219,0862012Assets 2013: $10,260,255Liabilities 2013: $1,753,190Net Assets 2013: $8,507,0652013Assets 2014: $10,101,918Liabilities 2014: $2,868,545Net Assets 2014: $7,233,3732014Assets 2015: $9,307,469Liabilities 2015: $3,478,853Net Assets 2015: $5,828,6162015Assets 2016: $8,472,948Liabilities 2016: $3,850,580Net Assets 2016: $4,622,3682016Assets 2017: $8,092,540Liabilities 2017: $3,280,625Net Assets 2017: $4,811,9152017Assets 2018: $7,743,518Liabilities 2018: $2,701,023Net Assets 2018: $5,042,4952018Assets 2019: $7,034,370Liabilities 2019: $1,902,524Net Assets 2019: $5,131,8462019Assets 2020: $7,441,206Liabilities 2020: $829,138Net Assets 2020: $6,612,0682020Assets 2021: $8,316,333Liabilities 2021: $544,090Net Assets 2021: $7,772,2432021Assets 2022: $6,681,925Liabilities 2022: $346,506Net Assets 2022: $6,335,4192022Assets 2023: $6,827,093Liabilities 2023: $178,481Net Assets 2023: $6,648,6122023Assets 2024: $7,429,089Liabilities 2024: $164,084Net Assets 2024: $7,265,0052024

Highlighted filing

2023

Assets$6,827,093
Liabilities$178,481
Net Assets$6,648,612

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $504,9262011Expenses 2012: $1,258,0842012Expenses 2013: $474,6362013Revenue 2014: $120,871Expenses 2014: $2,343,866Net Income 2014: -$2,222,9952014Revenue 2015: $310,662Expenses 2015: $1,395,674Net Income 2015: -$1,085,0122015Revenue 2016: $127,041Expenses 2016: $1,497,401Net Income 2016: -$1,370,3602016Revenue 2017: $286,874Expenses 2017: $409,521Net Income 2017: -$122,6472017Revenue 2018: $211,246Expenses 2018: $351,583Net Income 2018: -$140,3372018Revenue 2019: $409,480Expenses 2019: $363,009Net Income 2019: $46,4712019Revenue 2020: $1,433,808Expenses 2020: $282,153Net Income 2020: $1,151,6552020Revenue 2021: $1,510,217Expenses 2021: $350,043Net Income 2021: $1,160,1742021Revenue 2022: $0Expenses 2022: $443,551Net Income 2022: -$443,5512022Revenue 2023: $1,309,027Expenses 2023: $995,834Net Income 2023: $313,1932023Revenue 2024: $1,074,589Expenses 2024: $458,196Net Income 2024: $616,3932024

Highlighted filing

2023

Revenue$1,309,027
Expenses$995,834
Net Income$313,193
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$1,309,027
Mission and Program Overview

Mission

Public charitable uses and purposes for the benefit of the texas state university system and its components by providing, directly or indirectly, assistance and benefits to the system and/ or the systems components.

Public charitable uses and purposes for the benefit of the texas state university system

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,608,891$5,890,079▲ $281,188
Cash and Non-Interest-Bearing Accounts$1,032,034$937,014▼ $95,020
Pledges and Grants Receivable$25,000--
Prepaid Expenses and Deferred Charges$16,000--
Total Assets$6,681,925$6,827,093▲ $145,168
Liabilities
Other Liabilities$280,200$90,100▼ $190,100
Accounts Payable and Accrued Expenses$66,306$88,381▲ $22,075
Total Liabilities$346,506$178,481▼ $168,025
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,273,969$6,604,562▲ $330,593
Net Assets With Donor Restrictions$61,450$44,050▼ $17,400
Total Net Assets Fund Balance$6,335,419$6,648,612▲ $313,193
Total Liabilities and Net Assets / Fund Balance$6,681,925$6,827,093▲ $145,168

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,810,278$719,553▲ $567,874-$3,877,044
2021$4,084,879$2,550▼ $1,005,325-$2,810,278
2020$2,771,600$19,700▲ $1,468,846-$4,084,879
2019$1,524,876$767,367▲ $615,308-$2,771,600
2018$964,073$561,073▲ $435,840-$1,524,876
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charlie AmatoChairman
Alan TinsleyBoard Member
David MontagneBoard Member
Donna WilliamsBoard Member
Dr Brian MccallBoard Member
Ron MitchellBoard Member
Rossanna SalazarBoard Member
William F ScottBoard Member
Mike WintemuteExecutive Director
Daniel HarperTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$741,153
Program Service Revenue
$0
Investment Income
$567,874
Other Revenue
$0
All Other Contributions
$741,153
Change in Net Assets
$313,193

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,309,027
Total Revenue per Audited Statements
$1,309,027
Total Revenue per Form 990
$1,309,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$937,834
Total Fundraising Expense$598,261
Grants and Similar Amounts Paid$58,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$110,256$25,000$375,584$510,840
Fees for Services Management-$67,980-$67,980
Grants to Domestic Individuals$58,000--$58,000
Fees for Services Accounting-$32,985-$32,985
Payments to Affiliates--$21,463$21,463
Travel-$18,158-$18,158
Information Technology-$12,109-$12,109
Office Expenses-$6,430-$6,430
Other Expenses$4,485-$72,044$4,485
Total Functional Expenses$234,911$162,662$598,261$995,834

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$995,834
Total Expenses per Audited Statements$995,834
Total Expenses per Form 990$995,834
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas State University SystemAustin, TX-General Admin Support$67,980
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$90,100
Texas State University- Endowment-
Sam Houston State University - Endowment-
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
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 12C

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

Form 990, Part VI, Section B, Line 15A

The executive directors compensation is approved by the foundations board.

Form 990, Part VI, Section C, Line 19

Each board member receives and reviews a copy of the form 990 before the board meeting and all board members review and discuss the form 990 together at the annual meeting before filing. The directors review the policy and certify compliance annually. The executive directors compensation is approved by the foundations board. The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Texas State University System Foundation
EIN
74-1946138
Phone
5124634862
Address
601 COLORADO STREET, AUSTIN, TX 78701

Signing Officer

Name
Michael Wintemute
Title
Executive Director
Phone
5124634862
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Wintemute
Formed
1978
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Monday Rufus & Co Pc
Address
1508 Dessau Ridge Ln Ste 405, Austin, TX 78754
Preparer
Monday N Rufus CPA
Phone
5123800799
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Description of organization mission its components by providing assistance and benefits to the system and/ or the system components.

Form 990, Part IV, Section B, Line 11

Each board member receives and reviews a copy of the form 990 before the board meeting and all board members review and discuss the form 990 together at the annual meeting before filing.

Form 990, Part XII, Line 2C

The process of selecting and overseeing the independent accountant has not changed since prior year.

Financial Statement Notes

X 2

The foundation is exempt from federal income taxes under the internal revenue code irc as an organization described in section 501 c 3, except on any unrelated business income. As such, no provision for income taxes has been included in these financial statements. The foundation, classified as an entity that is not a private foundation, has adopted the recognition requirements for uncertain income tax positions as required by gaap, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax position that will more likely than not be sustained upon examination by taxing authorities. The foundation has analyzed the tax positions taken in its filing with the internal revenue service and state jurisdictions where it operated and believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the foundations financial position, changes in net assets or cash flows. Accordingly, the foundation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at august 31, 2022. The foundation is subject to income tax audits for the previous three years which are open. There are currently no audits for any tax periods in progress.

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0REGENTS PROFESSOR AWARDS
IRS990/OtherExpensesGrp/Desc1EVENT PRODUCTION COSTS
IRS990/OtherExpensesGrp/Desc2EVENT SUPPORT
IRS990/OtherExpensesGrp/Desc3REGENTS SUPPORT
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IRS990/OtherExpensesGrp/FundraisingAmt172044
IRS990/OtherExpensesGrp/ProgramServicesAmt062170
IRS990/OtherExpensesGrp/ProgramServicesAmt14485
IRS990/OtherExpensesGrp/TotalAmt062170
IRS990/OtherExpensesGrp/TotalAmt1129170
IRS990/OtherExpensesGrp/TotalAmt272044
IRS990/OtherExpensesGrp/TotalAmt34485
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0280200
IRS990/OtherLiabilitiesGrp/EOYAmt090100
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt021463
IRS990/PaymentsToAffiliatesGrp/TotalAmt021463
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016000
IRS990/PrincipalOfficerNm0MICHAEL WINTEMUTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE DIVERSITY ENHANCEMENT GRANT PROGRAM PROVIDED FUNDING TO INCREASE FACULTY DIVERSITY AND PROVIDE MENTORING MODELS FOR STUDENTS AT TSUS COMPONENT INSTITUTIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt058000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt014400
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0190225
IRS990/PYInvestmentIncomeAmt0-1005325
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0253326
IRS990/PYOtherRevenueAmt01044
IRS990/PYRevenuesLessExpensesAmt0-1433432
IRS990/PYTotalExpensesAmt0443551
IRS990/PYTotalRevenueAmt0-989881
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0313193
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0741153
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt014400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt040800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0817367
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0794706
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02408426
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0165161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0143355
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt098998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0114979
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0135533
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0658026
IRS990ScheduleA/PublicSupportCY170Pct00.78540
IRS990ScheduleA/PublicSupportPY170Pct00.73970
IRS990ScheduleA/PublicSupportTotal170Amt02408426
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0741153
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt014400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt040800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0817367
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0794706
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02408426
IRS990ScheduleA/TotalSupportAmt03066452
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/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0162661
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02810278
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0719553
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03877044
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt058000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0567874
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt081601
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04084879
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02550
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02810278
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0190225
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1005325
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt064592
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02771600
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt019700
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04084879
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0110675
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01468846
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt073684
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01524876
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0767367
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02771600
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt062267
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0615308
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0416090
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0964073
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0561073
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01524876
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt020020
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0435840
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0995834
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TEXAS STATE UNIVERSITY- ENDOWMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SAM HOUSTON STATE UNIVERSITY - ENDOWMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01309027
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE IRC AS AN ORGANIZATION DESCRIBED IN SECTION 501 C 3, EXCEPT ON ANY UNRELATED BUSINESS INCOME. AS SUCH, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. THE FOUNDATION, CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION, HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GAAP, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITION THAT WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATED AND BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATIONS FINANCIAL POSITION, CHANGES IN NET ASSETS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT AUGUST 31, 2022. THE FOUNDATION IS SUBJECT TO INCOME TAX AUDITS FOR THE PREVIOUS THREE YEARS WHICH ARE OPEN. THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalExpensesPerForm990Amt0995834
IRS990ScheduleD/TotalLiabilityAmt090100
IRS990ScheduleD/TotalRevenuePerForm990Amt01309027
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01309027
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0995834
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt058000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/RecipientTable/CashGrantAmt067980
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL ADMIN SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TEXAS STATE UNIVERSITY SYSTEM
IRS990ScheduleI/RecipientTable/RecipientEIN0746000079
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0601 COLORADO STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0AUSTIN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd078701
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Book
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0VICE-PRESIDENTS OF THE GRANTEES UNIVERSITY VERIFY ACADEMIC STANDING ANNUALLY AND SUBMIT REIMBURSEMENT REQUESTS WHICH ARE VERIFIED IN FOUNDATION OFFICE PRIOR TO PAYMENT.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION SIGNED THE TEXAS STATE UNIVERSITY ENDOWMENT AGREEMENT AND WILL MAKE ANNUAL CONTRIBUTIONS IN THE AMOUNT OF 100,000 FOR EACH OF THE NEXT TEN YEARS STARTING ON OR BEFORE MARCH 1, 2014.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2POTENTIAL RECEIPENTS OF THE SCHOLARSHIPS AWARDED FROM THE DIVERSITY ENHANCEMENT GRANT PROGRAM MUST MEET THE SPECIFIC CRITERIA FOUND IN THE PROGRAMS GUIDELINES. SUCH CRITERIA INCLUDED NOMINATION OF THE CANDIDATE BY THE UNIVERSITY SYSTEM FACULTY MEMBER, BE A MEMBER OF A POPULATION UNDERREPRESENTED ON THE FACULTY OF THE HOS INSTITUION SATISFACTORILY COMPLETED A BACCALAURETE AND PREFERABLY, A MASTERS DEGREE, AND PROVIDE DOCUMENTATION OF ADMISSION INTO ACCREDITED DOCTORAL PROGRAM OR ALREADY BE ENROLLED IN A DOCTORAL PROGRAM OFFERED BY SPONSORING TEXAS STATE UNIVERSITY SYSTEM INSTITUTION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II Line 1A
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2Part III Line B
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION OF ORGANIZATION MISSION ITS COMPONENTS BY PROVIDING ASSISTANCE AND BENEFITS TO THE SYSTEM AND/ OR THE SYSTEM COMPONENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER RECEIVES AND REVIEWS A COPY OF THE FORM 990 BEFORE THE BOARD MEETING AND ALL BOARD MEMBERS REVIEW AND DISCUSS THE FORM 990 TOGETHER AT THE ANNUAL MEETING BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTORS COMPENSATION IS APPROVED BY THE FOUNDATIONS BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER RECEIVES AND REVIEWS A COPY OF THE FORM 990 BEFORE THE BOARD MEETING AND ALL BOARD MEMBERS REVIEW AND DISCUSS THE FORM 990 TOGETHER AT THE ANNUAL MEETING BEFORE FILING. THE DIRECTORS REVIEW THE POLICY AND CERTIFY COMPLIANCE ANNUALLY. THE EXECUTIVE DIRECTORS COMPENSATION IS APPROVED BY THE FOUNDATIONS BOARD. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS OF SELECTING AND OVERSEEING THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IV, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2C
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.43$0.16$7.27$1.07$0.46$0.62
2023Detailed filing. Detailed filing data is available for this year.$6.83$0.18$6.65$1.31$1.00$0.31
2022Detailed filing. Detailed filing data is available for this year.$6.68$0.35$6.34$0.00$0.44$0.44
2021Detailed filing. Detailed filing data is available for this year.$8.32$0.54$7.77$1.51$0.35$1.16
2020Detailed filing. Detailed filing data is available for this year.$7.44$0.83$6.61$1.43$0.28$1.15
2019Detailed filing. Detailed filing data is available for this year.$7.03$1.90$5.13$0.41$0.36$0.05
2018Detailed filing. Detailed filing data is available for this year.$7.74$2.70$5.04$0.21$0.35$0.14
2017Detailed filing. Detailed filing data is available for this year.$8.09$3.28$4.81$0.29$0.41$0.12
2016Detailed filing. Detailed filing data is available for this year.$8.47$3.85$4.62$0.13$1.50$1.37
2015Detailed filing. Detailed filing data is available for this year.$9.31$3.48$5.83$0.31$1.40$1.09
2014Detailed filing. Detailed filing data is available for this year.$10.1$2.87$7.23$0.12$2.34$2.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$1.75$8.51$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.02$1.80$7.22$1.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.89$0.90$7.99$0.50
Peer Organizations

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