Texas Exes Scholarship Foundation
- Assets
- $70.8m
- Revenue
- $1.5m
- Investments
- $3.6m
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 06/2016
- EIN
- 26-4468379
Organization Overview
Texas Exes Scholarship Foundation is located in Austin, TX. Texas Exes Scholarship 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 06/2016, Texas Exes Scholarship Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (59.3%) each year. All expenses for the organization totaled $86.7k during the year ending 06/2016. As we would expect to see with falling revenues, expenses have declined by (83.5%) per year over the past 2 years. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE EDUCATIONAL OPPORTUNITIES FOR STUDENTS OF THE UNIVERSITY OF TEXAS AT AUSTIN AND TO ENCOURAGE A DIVERSE STUDENT BODY BY PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS ENTERING OR ENROLLED AT THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Matthews Vice President | OfficerTrustee | 1 | $0 |
Alfie Meyerson President | OfficerTrustee | 1 | $0 |
Bryan Jones Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Leslie Cedar Ex-Officio Director | Officer | 1 | $0 |
Martin Dies Director | Trustee | 1 | $0 |
John Beckworth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,163,959 |
| Investment income | $349,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$63,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,450,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $64,718 |
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,826 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $86,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,821,493 |
| Savings and temporary cash investments | $4,605,095 |
| Pledges and grants receivable | $1,369,855 |
| 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 |
| Investments—publicly traded securities | $45,327,193 |
| Investments—other securities | $3,581,796 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,076,139 |
| Total assets | $70,781,571 |
| Accounts payable and accrued expenses | $5,992 |
| 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 | $215,964 |
| Total liabilities | $221,956 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $70,559,615 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $70,559,615 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Exes Scholarship Foundation has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Impetus Foundation San Antonio, TX PURPOSE: GENERAL CHARITABLE PURPOSE | $120,000 |
Endowment Analysis
| Beg. Balance | $62,047,772 |
| Earnings | $2,266,731 |
| Admin Expense | $356,823 |
| Net Contributions | $6,358,294 |
| Other Expense | $235,652 |
| Grants | $2,612,869 |
| Ending Balance | $67,467,453 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkway Village Inc Little Rock, AR | $46,357,587 | $10,218,970 |
Douglass Community Services Inc Hannibal, MO | $3,361,431 | $10,312,306 |
Cox Health Systems Hmo Inc Springfield, MO | $37,618,692 | $12,571,299 |
New Orleans Jazz & Heritage Foundation Inc New Orleans, LA | $55,852,647 | $11,473,899 |
Independent Living Services Inc Conway, AR | $17,341,970 | $13,877,516 |
St Margarets New Orleans, LA | $35,749,079 | $9,811,309 |
Tcs Education - Texas Inc Richardson, TX | $4,390,066 | $6,478,064 |
Woodforest Owners Association Inc Houston, TX | $5,341,273 | $9,874,039 |
Agape Clinic Dallas, TX | $4,338,291 | $10,801,947 |
St Joseph Manor Bryan, TX | $14,734,053 | $6,915,192 |
Christian Relief Fund Amarillo, TX | $12,393,094 | $11,849,734 |
Westwood Country Club Of Austin Austin, TX | $19,117,488 | $10,380,550 |