Texas A&m University-Kingsville Foundation Inc
- Assets
- $109.3m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Kingsville, TX
- Founding
- 09/1972
- Data as of
- 12/2020
- EIN
- 23-7166534
Organization Overview
Texas A&m University-Kingsville Foundation Inc is located in Kingsville, TX. The organization was established in 1972. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2021, Texas A&m University-Kingsville Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas A&m University-Kingsville Foundation Inc 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 12/2020, Texas A&m University-Kingsville Foundation Inc generated $9.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD PRIVATE SUPPORT FOR THE MISSION AND VISION OF TEXAS A&M UNIVERSITY-KINGSVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS FORMED TO PROVIDE SUPPORT TO THE UNIVERSITY. IT FULFILLS THAT MISSION BY ASSISTING IN THE SOLICITATION OF DONATIONS FROM BUSINESSES, OTHER FOUNDATIONS AND INDIVIDUALS; THE PROCEEDS ARE INTENDED TO SUPPORT STUDENTS, FACULTY AND PROGRAMS AT THE UNIVERSITY. THE FOUNDATION RECEIVES, INVESTS AND ADMINISTERS DONATIONS AND MAKES FUNDS AVAILABLE TO THE UNIVERSITY FOR SCHOLARSHIPS, RESEARCH, FACULTY AND DEPARTMENT SUPPORT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ltg Ret Ricardo S Sanchez Chairman | OfficerTrustee | 5 | $0 |
Eugene Dawson Jr 2nd Vice-Chair | OfficerTrustee | 2 | $0 |
Bill Colston Jr 1st Vice-Chair | OfficerTrustee | 2 | $0 |
Alvaro Hinojosa Treasurer | OfficerTrustee | 2 | $0 |
Kevin Beasley Secretary | OfficerTrustee | 2 | $0 |
Bradley Walker Executive Dir. | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,719,022 |
| Noncash contributions included in lines 1a–1f | $2,000,291 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,781,022 |
| Total Program Service Revenue | $0 |
| Investment income | $1,664,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,268 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,460,211 |
| Net Income from Fundraising Events | -$23,227 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,889,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,007,346 |
| Grants and other assistance to domestic individuals. | $4,500 |
| 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 | $194,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,921 |
| Fees for services: Management | $300,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $591,420 |
| Fees for services: Other | $188,790 |
| Advertising and promotion | $0 |
| Office expenses | $13,881 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,415 |
| All other expenses | $10,409 |
| Total functional expenses | $5,504,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,611 |
| Savings and temporary cash investments | $3,476,618 |
| Pledges and grants receivable | $1,644,892 |
| Accounts receivable, net | $42,907 |
| 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 | $70,000 |
| Net Land, buildings, and equipment | $1,462,799 |
| Investments—publicly traded securities | $101,157,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $925,806 |
| Total assets | $109,298,613 |
| Accounts payable and accrued expenses | $65,493 |
| Grants payable | $79,902 |
| 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 | $294,905 |
| Total liabilities | $440,300 |
| Net assets without donor restrictions | $15,791,202 |
| Net assets with donor restrictions | $93,067,111 |
| 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 | $109,298,613 |
Grants Awarded
Over the last fiscal year, Texas A&m University-Kingsville Foundation Inc has awarded $3,031,538 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY KINGSVILLE PURPOSE: Scholarships/ Program Support, etc. | $2,931,538 |
SUL ROSS STATE UNIVERSITY PURPOSE: West Texas Natives Seeds Project | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Texas A&m University-Kingsville Foundation Inc has recieved totaling $1,629,342.
| Awarding Organization | Amount |
|---|---|
Dan L Duncan Family Foundation Houston, TX PURPOSE: EDUCATIONAL SERVICES | $800,000 |
Greater Texas Foundation Bryan, TX PURPOSE: TO SUPPORT STUDENT ENGAGEMENT AND RETENTION OF UNDERGRADUATES. | $182,315 |
Elizabeth Huth Maddux Charitable Foundation San Antonio, TX PURPOSE: UNRESTRICTED | $125,000 |
Greater Texas Foundation Bryan, TX PURPOSE: TO SUPPORT STUDENT ENGAGEMENT AND RETENTION OF UNDERGRADUATES. | $107,427 |
Coastal Bend Community Foundation Corpus Christi, TX PURPOSE: PROGRAM SUPPORT | $100,000 |
Killam Family Foundation Tr Laredo, TX PURPOSE: CHARITABLE | $50,000 |
Endowment Analysis
| Beg. Balance | $103,519,485 |
| Earnings | $14,998,343 |
| Admin Expense | $1,102,087 |
| Net Contributions | $3,493,395 |
| Grants | $3,513,151 |
| Ending Balance | $117,395,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hallmark University Inc San Antonio, TX | $50,738,491 | $19,939,747 |
University Of Central Oklahoma Fdn Edmond, OK | $57,594,022 | $22,644,873 |
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Southern University System Foundation Baton Rouge, LA | $59,341,239 | $13,209,342 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |
Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
Randall University Inc Moore, OK | $6,608,368 | $7,433,894 |
Stephen F Austin State University Foundation Inc Nacogdoches, TX | $115,560,450 | $21,375,091 |
Texas A&m University-Kingsville Foundation Inc Kingsville, TX | $109,298,613 | $9,889,505 |
Baptist University Of The Americas San Antonio, TX | $13,785,547 | $6,893,983 |