Civic Intelligence

2033 Fund

990 • Fiscal year 2019 • EIN 82-3699790

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 05, 2020

Organization ProfileN/A
2500 Bee Cave Road Bldg 2 Suite 1Austin, TX 78746

(512) 381-3001

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

30.22x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

99th percentile

661%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

419%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$10,990,114

Up $9,545,714 (+661%) from 2018

Net Assets

Up

$350,699

Up $282,870 (+417%) from 2018

Liabilities

Up

$10,639,415

Up $9,262,844 (+673%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin98th percentile

Revenue

Up

$352,019

Up $284,190 (+419%) from 2018

Expenses

Up

$24,170

Up $24,170 from 2018

Net Income

Up

$327,849

Up $260,020 (+383%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$300M$200M$100M$0Assets 2018: $1,444,400Liabilities 2018: $1,376,571Net Assets 2018: $67,8292018Assets 2019: $10,990,114Liabilities 2019: $10,639,415Net Assets 2019: $350,6992019Assets 2020: $49,312,511Liabilities 2020: $48,977,680Net Assets 2020: $334,8312020Assets 2021: $108,477,674Liabilities 2021: $108,109,703Net Assets 2021: $367,9712021Assets 2022: $210,331,908Liabilities 2022: $209,299,226Net Assets 2022: $1,032,6822022Assets 2023: $263,049,432Liabilities 2023: $261,114,659Net Assets 2023: $1,934,7732023Assets 2024: $189,987,401Liabilities 2024: $187,219,604Net Assets 2024: $2,767,7972024

Highlighted filing

2019

Assets$10,990,114
Liabilities$10,639,415
Net Assets$350,699
Open 2019 Filing

Operations Trend

Revenue Growth98th percentile

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

$10M$5.0M$0-$5.0MRevenue 2018: $67,829Expenses 2018: $0Net Income 2018: $67,8292018Revenue 2019: $352,019Expenses 2019: $24,170Net Income 2019: $327,8492019Revenue 2020: $0Expenses 2020: $15,867Net Income 2020: -$15,8672020Revenue 2021: $50,000Expenses 2021: $16,860Net Income 2021: $33,1402021Revenue 2022: $682,066Expenses 2022: $17,355Net Income 2022: $664,7112022Revenue 2023: $922,413Expenses 2023: $20,322Net Income 2023: $902,0912023Revenue 2024: $9,993,865Expenses 2024: $9,160,841Net Income 2024: $833,0242024

Highlighted filing

2019

Revenue$352,019
Expenses$24,170
Net Income$327,849
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 5, 2020
Return Version
2019v5.1
Gross Receipts
$352,019
Mission and Program Overview

Mission

To support ut austin by providing: strategic advice to the president, including but not limited to expertise in the acquisition, development, and dispositions of real property; real estate market data and trend information; relationships with financial institutions, developers, construction companies and other real estate professionals.

To support the university of texas at austin (ut)

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,399,421$10,599,481▲ $9,200,060
Cash and Non-Interest-Bearing Accounts$0$357,836▲ $357,836
Loans From Officers Directors$1,376,571$100,000▼ $1,276,571
Intangible Assets$44,979$0▼ $44,979
Total Assets$1,444,400$10,990,114▲ $9,545,714
Other Assets Total$0$32,797▲ $32,797
Liabilities
Deferred Revenue$0$8,459,715▲ $8,459,715
Accounts Payable and Accrued Expenses$0$1,828,046▲ $1,828,046
Unsecured Notes Loans Payable$0$251,654▲ $251,654
Total Liabilities$1,376,571$10,639,415▲ $9,262,844
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$67,829$350,699▲ $282,870
Total Net Assets Fund Balance$67,829$350,699▲ $282,870
Total Liabilities and Net Assets / Fund Balance$1,444,400$10,990,114▲ $9,545,714

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,599,481-$10,599,481
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Sanford L GottesmanPresident
Jeremy SmithealVice President
Nancy BrazzilSecretary/ Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Zapalacreed ConstructionConstruction13215 BEE CAVE PKWY BUILDINGS A SU, Bee Cave, TX 78738$8,803,575
M Arthur Gensler Jr & Associates INCArchitectural ServicesPO BOX 848279, Dallas, TX 75284$2,237,730
Garza EmcEngineer7708 RIALTO BLVD 125, Austin, TX 78735$620,460
Layton B Wilson CompanyConstruction Management1303 SAN ANTONIO STREET STE 710, Austin, TX 78701$333,333
Revenue and Support

Revenue Composition

Contributions and Grants
$352,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$19
All Other Contributions
$352,000
Change in Net Assets
$327,849

Audited Revenue Reconciliation

Revenue per Audited Statements
$352,019
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$67,829
Total Revenue per Audited Statements
$419,848
Total Revenue per Form 990
$352,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$14,000-$14,000
Office Expenses-$8,375-$8,375
Fees for Services Legal-$1,795-$1,795
Total Functional Expenses$0$24,170$0$24,170

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$69,149
Expenses Not Reported on Form 990$44,979
Expenses per Audited Statements$24,170
Total Expenses per Form 990$24,170
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,376,571$100,000▼ $1,276,571
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 A, Line 2

“Sanford gottesman and jerry smitheal are partners in an unrelated business venture.”

Form 990, Part VI, Section A, Line 7A

“One of the members of the board of directors will be appointed by the president of ut.”

Form 990, Part VI, Section B, Line 11B

“The board will review the form 990 before filing.”

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

“Each director, prinicipal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflict of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Section C, Line 19

“The organization makes certain documents available upon request.”

Filing and Contact Details

Filer

Filer Name
The 2033 Higher Education Development
EIN
82-3699790
Phone
5123813001
Address
2500 BEE CAVE ROAD BLDG 2 SUITE 1, AUSTIN, TX 78746

Signing Officer

Name
Sanford Gottesman
Title
President
Phone
5123813001
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sanford Gottesman
Formed
2017
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

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 IV, Line 12A

“The organization obtained separate, independent audited financial statements for the period of december 11, 2017 (inception) to december 31, 2019.”

FORM 990, PART XI, LINE 9:

“Organization costs not reported on form 990, part ix -44,979.”

FORM 990, PART XII, LINE 2C:

“The audited financials are for the period of december 11, 2017 (inception) to december 31, 2019.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Revenue reported on 2018 form 990”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Organization costs reported on 2018 form 990”

Raw XML Appendix400 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.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01828046
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT THE UNIVERSITY OF TEXAS AT AUSTIN (UT)
IRS990/AllOtherContributionsAmt0352000
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SANFORD GOTTESMAN
IRS990/BooksInCareOfDetail/PhoneNum05123813001
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02500 BEE CAVE ROAD BLDG 2 SUITE 150
IRS990/BooksInCareOfDetail/USAddress/CityNm0AUSTIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3TX
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd278735
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd378701
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ZAPALACREED CONSTRUCTION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1M ARTHUR GENSLER JR & ASSOCIATES INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2GARZA EMC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3LAYTON B WILSON COMPANY
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc1ARCHITECTURAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2ENGINEER
IRS990/ContractorCompensationGrp/ServicesDesc3CONSTRUCTION MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0352000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt024170
IRS990/CYOtherRevenueAmt019
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0327849
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IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt08459715
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SUPPORT UT AUSTIN THROUGH PARTICIPATING IN CERTAIN TRANSACTIONS, INCLUDING SECURING A LONG TERM GROUND LEASE AND DEVELOPMENT OF PROPERTY ADJACENT TO THE UT AUSTIN DELL MEDICAL SCHOOL TO ENABLE THE EXPANSION OF THE MEDICAL SCHOOL.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01795
IRS990/FeesForServicesLegalGrp/TotalAmt01795
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0SANFORD L GOTTESMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1JEREMY SMITHEAL
IRS990/Form990PartVIISectionAGrp/PersonNm2NANCY BRAZZIL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/ TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0352019
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd01
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SUPPORT UT AUSTIN BY PROVIDING: STRATEGIC ADVICE TO THE PRESIDENT, INCLUDING BUT NOT LIMITED TO EXPERTISE IN THE ACQUISITION, DEVELOPMENT, AND DISPOSITIONS OF REAL PROPERTY; REAL ESTATE MARKET DATA AND TREND INFORMATION; RELATIONSHIPS WITH FINANCIAL INSTITUTIONS, DEVELOPERS, CONSTRUCTION COMPANIES AND OTHER REAL ESTATE PROFESSIONALS.
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IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SECTION 6.10 OF THE BYLAWS PROVIDES THAT "IN THE EVENT THAT THE BOARD OF DIRECTORS MAKES ANY DECISION REGARDING ANY INVESTMENT POLICIES OF THE CORPORATION, GRANTS OR SCHOLARSHIPS, SUCH DECISION MUST BE APPROVED WITH PRIOR WRITTEN CONSENT OF THE PRESIDENT OF UT. FURTHERMORE, IN DIRECTING THE USE OF THE INCOME OR ASSETS OF THE CORPORATION, SUCH DECISION MUST BE MADE WITH THE UNANIMOUS CONSENT OF THE BOARD OF DIRECTORS."
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1PURSUANT TO ARTICLE V OF THE CERTIFICATE OF FORMATION, THE PURPOSE OF THE FOUNDATION IS TO "OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY OF TEXAS AT AUSTIN ("UT"), AND WILL BE OPERATED IN CONNECTION WITH UT WITHIN THE MEANING OF SECTION 509(A)(3) OF THE CODE AND SUBSTANTIALLY ALL OF THE ACTIVITIES OF THE FOUNDATION WILL DIRECTLY FURTHER THE EXEMPT PURPOSES OF UT AND/OR SUPPORT A GOVERNMENTAL SUPPORTED ORGANIZATION WITHIN THE MEANING OF TREASURY REGULATION SECTION 1.509(A)-4(I)(4)." ACCORDINGLY, THE FOUNDATION SUPPORTS UT AUSTIN.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE FOUNDATION DIRECTLY FURTHER THE EXEMPT PURPOSES OF UT AUSTIN TO WHICH THE FOUNDATION IS RESPONSIVE BY PERFORMING THE FUNCTIONS OF, OR CARRYING OUT THE PURPOSES OF, UT AUSTIN; AND, BUT FOR THE INVOLVEMENT OF THE FOUNDATION, WOULD NORMALLY BE ENGAGED IN BY UT AUSTIN. FURTHER, TREAS. REG. SECTION 1.509(A)-4(I)(4)(II) CLARIFIES WHAT IS MEANT BY "DIRECTLY FURTHER AND PROVIDES HOLDING TITLE TO AND MANAGING EXEMPT USE ASSETS ARE ACTIVITIES THAT DIRECTLY FURTHER THE EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION. IN THIS CASE, THE FOUNDATION WILL BE HOLDING TITLE TO AND IMPROVING PROPERTY THAT WILL BE USED BY UT AUSTIN TO FURTHER THEIR EXEMPT PURPOSE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3THE "BUT FOR TEST" OF TREAS. REG. 1.509(A)-4(II)(A)(2) IS MET, BECAUSE IF THE FOUNDATION DID NOT DEVELOP THE OFFICE BUILDING, UT AUSTIN WOULD HAVE TO BUILD AN OFFICE BUILDING TO HOUSE ADMINISTRATIVE PERSONNEL FOR ITS MEDICAL SCHOOL AND WOULD BE HOLDING TITLE TO THE BUILDING IF THE FOUNDATION WAS NOT. THEREFORE, THE "BUT FOR TEST" OF TREAS. REG. 1.509(A)-4(II)(A)(2) IS MET.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 1C
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3PART IV, SECTION E, LINE 2B
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd05
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE UNIVERSITY OF TEXAS AT AUSTIN
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
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
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IRS990ScheduleD/ExpensesNotReportedAmt044979
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt024170
IRS990ScheduleD/OtherExpensesIncludedAmt044979
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010599481
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010599481
IRS990ScheduleD/OtherRevenueAmt067829
IRS990ScheduleD/RevenueNotReportedAmt067829
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0352019
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REVENUE REPORTED ON 2018 FORM 990
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION COSTS REPORTED ON 2018 FORM 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010599481
IRS990ScheduleD/TotalExpensesPerForm990Amt024170
IRS990ScheduleD/TotalRevenuePerForm990Amt0352019
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0419848
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt069149
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0SANFORD L GOTTESMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PAYMENT OF THIRD PARTY INVOICES ON THE ORGANIZATION'S BEHALF.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01376571
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt0100000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OBTAINED SEPARATE, INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR THE PERIOD OF DECEMBER 11, 2017 (INCEPTION) TO DECEMBER 31, 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SANFORD GOTTESMAN AND JERRY SMITHEAL ARE PARTNERS IN AN UNRELATED BUSINESS VENTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ONE OF THE MEMBERS OF THE BOARD OF DIRECTORS WILL BE APPOINTED BY THE PRESIDENT OF UT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD WILL REVIEW THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH DIRECTOR, PRINICIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES CERTAIN DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ORGANIZATION COSTS NOT REPORTED ON FORM 990, PART IX -44,979.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE AUDITED FINANCIALS ARE FOR THE PERIOD OF DECEMBER 11, 2017 (INCEPTION) TO DECEMBER 31, 2019.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 12A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01444400
IRS990/TotalAssetsEOYAmt010990114
IRS990/TotalAssetsGrp/BOYAmt01444400
IRS990/TotalAssetsGrp/EOYAmt010990114
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0352000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024170
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt024170
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01376571
IRS990/TotalLiabilitiesEOYAmt010639415
IRS990/TotalLiabilitiesGrp/BOYAmt01376571
IRS990/TotalLiabilitiesGrp/EOYAmt010639415
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt067829
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0350699
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0352019
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01444400
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010990114
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0251654
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02500 BEE CAVE ROAD BLDG 2 SUITE 150
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078746
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SANFORD GOTTESMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05123813001
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE 2033 HIGHER EDUCATION DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt02033
ReturnHeader/Filer/EIN0823699790
ReturnHeader/Filer/PhoneNum05123813001
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0168.215.174.114
ReturnHeader/FilingSecurityInformation/IPDt02020-11-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:47:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742900215
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAXWELL LOCKE & RITTER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 CONGRESS AVENUE SUITE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0787019682
ReturnHeader/PreparerPersonGrp/PhoneNum05123703200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SEAN HOLCOMB
ReturnHeader/ReturnTs02020-11-12T09:52:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,990,114
Liabilities
$10,639,415
Net assets
$350,699
Revenue
$352,019
Expenses
$24,170
Net income
$327,849
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$190$187$2.77$9.99$9.16$0.83
2023Detailed filing. Detailed filing data is available for this year.$263$261$1.93$0.92$0.02$0.90
2022Detailed filing. Detailed filing data is available for this year.$210$209$1.03$0.68$0.02$0.66
2021Detailed filing. Detailed filing data is available for this year.$108$108$0.37$0.05$0.02$0.03
2020Detailed filing. Detailed filing data is available for this year.$49.3$49.0$0.33$0.00$0.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$11.0$10.6$0.35$0.35$0.02$0.33
2018Detailed filing. Detailed filing data is available for this year.$1.44$1.38$0.07$0.07$0.00$0.07