Civic Intelligence

Texas Higher Education Foundation

990 • Fiscal year 2023 • EIN 74-3017895

Sep 01, 2022 to Aug 31, 2023 • Filed on Feb 06, 2024

Organization ProfileWWW.TXHIGHEREDFOUNDATION.ORG
1801 Congress AvenueAustin, TX 78701

(512) 427-6233

Siviq Scores

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

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.23x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

5th percentile

-68%

Higher net margin than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$246,766

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 23.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

4th percentile

-33%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-57%

Faster revenue growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$2,243,874

Down $1,110,991 (-33%) from 2022

Net Assets

Down

$2,003,999

Down $703,526 (-26%) from 2022

Liabilities

Down

$239,875

Down $407,465 (-63%) from 2022

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin5th percentile

Revenue

Down

$1,032,734

Down $1,375,809 (-57%) from 2022

Expenses

Down

$1,736,260

Down $896,533 (-34%) from 2022

Net Income

Down

-$703,526

Down $479,276 (-214%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,061,059Liabilities 2010: $292,570Net Assets 2010: $3,768,4892010Assets 2011: $3,994,777Liabilities 2011: $499,037Net Assets 2011: $3,495,7402011Assets 2012: $5,289,550Liabilities 2012: $456,947Net Assets 2012: $4,832,6032012Assets 2013: $3,283,836Liabilities 2013: $41,249Net Assets 2013: $3,242,5872013Assets 2014: $1,840,067Liabilities 2014: $174,542Net Assets 2014: $1,665,5252014Assets 2015: $686,224Liabilities 2015: $6,732Net Assets 2015: $679,4922015Assets 2016: $1,713,616Liabilities 2016: $161,847Net Assets 2016: $1,551,7692016Assets 2017: $1,960,958Liabilities 2017: $17,415Net Assets 2017: $1,943,5432017Assets 2018: $967,007Liabilities 2018: $48,450Net Assets 2018: $918,5572018Assets 2019: $821,504Liabilities 2019: $4,235Net Assets 2019: $817,2692019Assets 2020: $2,081,929Liabilities 2020: $336,026Net Assets 2020: $1,745,9032020Assets 2021: $3,255,300Liabilities 2021: $323,525Net Assets 2021: $2,931,7752021Assets 2022: $3,354,865Liabilities 2022: $647,340Net Assets 2022: $2,707,5252022Assets 2023: $2,243,874Liabilities 2023: $239,875Net Assets 2023: $2,003,9992023Assets 2024: $4,646,188Liabilities 2024: $576,131Net Assets 2024: $4,070,0572024Assets 2025: $5,674,984Liabilities 2025: $381,526Net Assets 2025: $5,293,4582025

Highlighted filing

2023

Assets$2,243,874
Liabilities$239,875
Net Assets$2,003,999
Open 2023 Filing

Operations Trend

Revenue Growth5th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,945,9372010Expenses 2011: $1,409,1172011Expenses 2012: $2,352,6462012Expenses 2013: $2,090,7542013Revenue 2014: $649,247Expenses 2014: $2,226,309Net Income 2014: -$1,577,0622014Revenue 2015: $133,003Expenses 2015: $1,119,036Net Income 2015: -$986,0332015Revenue 2016: $1,566,402Expenses 2016: $694,125Net Income 2016: $872,2772016Revenue 2017: $1,601,449Expenses 2017: $1,209,675Net Income 2017: $391,7742017Revenue 2018: $489,405Expenses 2018: $1,514,391Net Income 2018: -$1,024,9862018Revenue 2019: $1,063,578Expenses 2019: $1,164,866Net Income 2019: -$101,2882019Revenue 2020: $2,420,760Expenses 2020: $1,492,126Net Income 2020: $928,6342020Revenue 2021: $5,310,528Expenses 2021: $4,124,656Net Income 2021: $1,185,8722021Revenue 2022: $2,408,543Expenses 2022: $2,632,793Net Income 2022: -$224,2502022Revenue 2023: $1,032,734Expenses 2023: $1,736,260Net Income 2023: -$703,5262023Revenue 2024: $5,241,528Expenses 2024: $3,175,470Net Income 2024: $2,066,0582024Revenue 2025: $3,862,207Expenses 2025: $2,638,806Net Income 2025: $1,223,4012025

Highlighted filing

2023

Revenue$1,032,734
Expenses$1,736,260
Net Income-$703,526
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Feb 6, 2024
Return Version
2022v5.0
Gross Receipts
$1,032,734
Mission and Program Overview

Mission

The mission of the texas higher education foundation is to increase participation and success in higher education for all texans. The foundation is a support organization for the texas higher education coordinating board. It exists to raise public awareness and private sector funding to support the state's higher education plan.

To foster and further evidence-based initiatives that positively impact postsecondary outcomes in texas together with the texas higher education coordinating board.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,300,363$1,788,673▼ $511,690
Cash and Non-Interest-Bearing Accounts$796,528$230,748▼ $565,780
Pledges and Grants Receivable$250,000$205,063▼ $44,937
Accounts Receivable$236$13,640▲ $13,404
Prepaid Expenses and Deferred Charges$7,738$5,750▼ $1,988
Total Assets$3,354,865$2,243,874▼ $1,110,991
Liabilities
Accounts Payable and Accrued Expenses$530,673$179,875▼ $350,798
Deferred Revenue$116,667$60,000▼ $56,667
Total Liabilities$647,340$239,875▼ $407,465
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,079,370$1,409,041▼ $670,329
Net Assets Without Donor Restrictions$628,155$594,958▼ $33,197
Total Net Assets Fund Balance$2,707,525$2,003,999▼ $703,526
Total Liabilities and Net Assets / Fund Balance$3,354,865$2,243,874▼ $1,110,991
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Neal AdamsPresident and CEO
Fred HeldenfelsVice President
Melissa I HendersonExecutive Director
Darryl HeathTrustee
Donna WilliamsTrustee
Fred Farias IiiTrustee
John SteenTrustee
Kathleen GibsonTrustee
Lorraine PerrymanTrustee
Richard a BoxTrustee
Robert Bobby Jenkins JrTrustee
Stuart StedmanTrustee
Suzanne PlummerTrustee
Welcome Wilson JrTrustee
William Will Fraser IiiTrustee
Woody HuntTrustee
Elaine MendozaSecretary
Raymond F MesserTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Alvarez & MarsalData Infrastructure Design600 MADISON AVENUE 8TH FLOOR, New York, NY 10022$1,236,988
Vidlet INCCollege & Career Advising Research And C3031 TISCH WAY, San Jose, CA 95128$263,731
Wpa IntelligenceCommunity College Finance Research3317 E MEMORIAL ROAD SUITE 201, Edmond, OK 73013$101,100
Revenue and Support

Revenue Composition

Contributions and Grants
$859,938
Program Service Revenue
$124,667
Investment Income
$47,832
Other Revenue
$297
All Other Contributions
$611,750
Change in Net Assets
$-703,526

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,032,734
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$189,325
Total Revenue per Audited Statements
$1,222,059
Total Revenue per Form 990
$1,032,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,729,833
Salaries, Compensation, and Employee Benefits$6,427
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$200,832$20,621-$221,453
Fees for Services Accounting-$42,961-$42,961
Other Expenses$1,391,090$12,500-$12,500
Other Salaries and Wages-$5,970-$5,970
Insurance-$5,959-$5,959
Office Expenses-$3,145-$3,145
Payroll Taxes-$457-$457
Total Functional Expenses$1,591,922$144,338$0$1,736,260

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,925,585
Expenses per Audited Statements$1,736,260
Total Expenses per Form 990$1,736,260
Expenses Not Reported on Form 990$189,325
Expenses Not Reported on Financial Statements$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
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

“The form 990 is prepared by a public accounting firm and is reviewed before filing by the foundation's accountant, executive director, and treasurer.”

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

“Foundation staff maintains a file of conflict of interest statements signed by all trustees. In addition, thecb legal counsel attends foundation meetings to ensure that trustees are further advised of the requirement to disclose any direct or indirect interest or relationship with a vendor and to abstain from participation in any decision or discussion on a related matter. Any real or potential conflict of interest and trustee abstention is to be recorded in the minutes of the foundation board.”

Form 990, Part VI, Section C, Line 18

“Copies of the 990 are also available on www.guidestar.org, which has provided the foundation with a silver rating.”

Form 990, Part VI, Section C, Line 19

“All organizing documents, policies and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Texas Higher Education Foundation
EIN
74-3017895
Phone
5124276233
Address
1801 CONGRESS AVENUE, AUSTIN, TX 78701

Signing Officer

Name
Melissa Henderson
Title
Executive Director
Phone
5124276233
Signed
2024-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Henderson
Formed
2001
Legal Domicile
TX
Voting Board Members
17
Independent Board Members
17
Employees
1
Volunteers
0

Preparer

Firm
Maxwell Locke & Ritter Llp
Address
401 CONGRESS AVENUE SUITE 1100, AUSTIN, TX 78701-9682
Preparer
Sean Holcomb
Phone
5123703200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The audit selection and oversight process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 542 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/TitleTxt0PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01032734
IRS990/GroupReturnForAffiliatesInd00
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IRS990/InsuranceGrp/TotalAmt05959
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt047832
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IRS990/LocalChaptersInd00
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE TEXAS HIGHER EDUCATION FOUNDATION IS TO INCREASE PARTICIPATION AND SUCCESS IN HIGHER EDUCATION FOR ALL TEXANS. THE FOUNDATION IS A SUPPORT ORGANIZATION FOR THE TEXAS HIGHER EDUCATION COORDINATING BOARD. IT EXISTS TO RAISE PUBLIC AWARENESS AND PRIVATE SECTOR FUNDING TO SUPPORT THE STATE'S HIGHER EDUCATION PLAN.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0594958
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt052725
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112500
IRS990/OtherExpensesGrp/ProgramServicesAmt01391090
IRS990/OtherExpensesGrp/TotalAmt01443815
IRS990/OtherExpensesGrp/TotalAmt112500
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0297
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0297
IRS990/OtherRevenueTotalAmt0297
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05970
IRS990/OtherSalariesAndWagesGrp/TotalAmt05970
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0457
IRS990/PayrollTaxesGrp/TotalAmt0457
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0250000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0205063
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07738
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05750
IRS990/PrincipalOfficerNm0MELISSA HENDERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0SUBSCRIPTION REVENUE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0124667
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYOtherExpensesAmt02626200
IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0-224250
IRS990/PYSalariesCompEmpBnftPaidAmt06593
IRS990/PYTotalExpensesAmt02632793
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02408543
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-703526
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt02300363
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01788673
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TEXAS HIGHER EDUCATION COORDINATING BOARD
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IRS990ScheduleD/ExpensesSubtotalAmt01736260
IRS990ScheduleD/RevenueNotReportedAmt0189325
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,243,874
Liabilities
$239,875
Net assets
$2,003,999
Revenue
$1,032,734
Expenses
$1,736,260
Net income
-$703,526
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.67$0.38$5.29$3.86$2.64$1.22
2024Detailed filing. Detailed filing data is available for this year.$4.65$0.58$4.07$5.24$3.18$2.07
2023Detailed filing. Detailed filing data is available for this year.$2.24$0.24$2.00$1.03$1.74$0.70
2022Detailed filing. Detailed filing data is available for this year.$3.35$0.65$2.71$2.41$2.63$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$0.32$2.93$5.31$4.12$1.19
2020Detailed filing. Detailed filing data is available for this year.$2.08$0.34$1.75$2.42$1.49$0.93
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$1.06$1.16$0.10
2018Summary only. Only limited summary data is available for this year.$0.97$0.05$0.92$0.49$1.51$1.02
2017Detailed filing. Detailed filing data is available for this year.$1.96$0.02$1.94$1.60$1.21$0.39
2016Summary only. Only limited summary data is available for this year.$1.71$0.16$1.55$1.57$0.69$0.87
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.01$0.68$0.13$1.12$0.99
2014Detailed filing. Detailed filing data is available for this year.$1.84$0.17$1.67$0.65$2.23$1.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.04$3.24$2.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$0.46$4.83$2.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$0.50$3.50$1.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$0.29$3.77$2.95