Texas A & M Research Foundation
- Assets
- $17.2m
- Revenue
- $81.1m
- Investments
- $7.3m
- Employees
- 0
- Location
- College Station, TX
- Founding
- 11/1946
- Data as of
- 08/2023
- EIN
- 74-1238434
Organization Overview
Texas A & M Research Foundation is located in College Station, TX. The organization was established in 1946. 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 Research 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 Research Foundation generated $81.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $81.1m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE RESEARCH AND DEVELOPMENT WITHIN THE TEXAS A&M UNIVERSITY SYSTEM AND SELECTED OTHER ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE RESEARCH AND DEVELOPMENT WITHIN THE TEXAS A&M UNIVERSITY SYSTEM AND SELECTED OTHER ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Elabd Chairman Of Bod | Trustee | 0.1 | $0 |
Jack G Baldauf President & CEO | OfficerTrustee | 0.58 | $0 |
Kristi M Billinger Vice Pres & COO | OfficerTrustee | 1 | $0 |
Warren Deluca Vice Pres & Sec | OfficerTrustee | 4 | $0 |
Evan Bryant Vice Pres & CFO | Officer | 13 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $80,229,876 |
| Investment income | $208,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $111,305 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,073,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $9,052,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $374 |
| Fees for services: Accounting | $59,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,209,259 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $844,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $906,454 |
| Insurance | $0 |
| All other expenses | $451,280 |
| Total functional expenses | $81,069,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,840,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,145,726 |
| 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 | $53,517 |
| Net Land, buildings, and equipment | $2,692,350 |
| Investments—publicly traded securities | $171,271 |
| Investments—other securities | $7,289,130 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,192,053 |
| Accounts payable and accrued expenses | $7,105,051 |
| Grants payable | $0 |
| Deferred revenue | $840,128 |
| 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 | $7,945,179 |
| Net assets without donor restrictions | $9,007,412 |
| Net assets with donor restrictions | $239,462 |
| 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 | $17,192,053 |