The Texas A & M University Commerce Foundation
- Assets
- $35.1m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Commerce, TX
- Founding
- 08/1970
- Data as of
- 08/2023
- EIN
- 23-7076930
Organization Overview
The Texas A & M University Commerce Foundation is located in Commerce, TX. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas A & M University Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Texas A & M University Commerce Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.5m during the year ending 08/2023. While expenses have increased by 13.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STUDENT SCHOLARSHIP AWARDS AND UNIVERSITY SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIP AWARDS - TEXAS A&M UNIVERSITY-COMMERCE SCHOLARSHIP AWARDS OF VARYING AMOUNTS TO OVER 1,580 UNIVERSITY STUDENTS CHOSEN BY UNIVERSITY COMMITTEES FOR ACADEMIC ACHIEVEMENTS.
TEXAS A&M UNIVERSITY-COMMERCE OPERATIONAL SUPPORT - FACULTY AND ACADEMIC DEPARTMENT PROGRAM SUPPORT, ALUMNI SUPPORT, ATHLETIC SUPPORT, PRESIDENT'S OPERATING FUNDS, PROJECT SUPPORT, ETC. (12 MONTHS OF THE YEAR).
TEXAS A&M UNIVERSITY-COMMERCE INSTITUTIONAL SUPPORT (12 MONTH OF THE YEAR)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorthea Allen Director | Trustee | 0.5 | $0 |
Earl Bourland Director | Trustee | 0.5 | $0 |
Jay Champion Director | Trustee | 0.5 | $0 |
Jimmy F Chester Director | Trustee | 0.5 | $0 |
Hillery N Clark Director | Trustee | 0.5 | $0 |
Zenetta Drew Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,903,259 |
| Noncash contributions included in lines 1a–1f | $31,745 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,903,259 |
| Total Program Service Revenue | $0 |
| Investment income | $465,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,759 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,201,348 |
| Net Income from Fundraising Events | $14,169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,807,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,219,208 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,155 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,122 |
| All other expenses | $0 |
| Total functional expenses | $3,454,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $267,961 |
| Pledges and grants receivable | $1,081,201 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,770,940 |
| Total assets | $35,120,102 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $35,120,102 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,120,102 |