South Texas College Of Law Houston Inc
- Assets
- $112.6m
- Revenue
- $46.4m
- Investments
- $865.3k
- Employees
- 442
- Location
- Houston, TX
- Founding
- 01/1967
- Data as of
- 05/2022
- EIN
- 74-1554976
Organization Overview
South Texas College Of Law Houston Inc is located in Houston, TX. The organization was established in 1967. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 05/2022, South Texas College Of Law Houston Inc employed 442 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Texas College Of Law Houston 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 05/2022, South Texas College Of Law Houston Inc generated $46.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $34.7m during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EXCEPTIONAL LEGAL EDUCATION TO A DIVERSE BODY OF STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL EDUCATION: PROVIDED LEGAL INSTRUCTION TO APPROXIMATELY 1,000 FULL AND PART TIME STUDENTS, CONFERRED NEARLY 300 DOCTOR OF JURISPRUDENCE DEGREES. PROVIDED ACCESS TO ALMOST 600,000 LIBRARY VOLUME EQUIVALENTS TO STUDENT AND THE PRACTICING COMMUNITY. HELD VARIOUS OTHER PROGRAMS OF INTEREST TO THE PUBLIC AND PRACTICING ATTORNEYS. LOCATED IN THE HEART OF THE NATION'S FOURTH LARGEST CITY, SOUTH TEXAS COLLEGE OF LAW HOUSTON IS A PRIVATE, INDEPENDENT INSTITUTION THAT HAS EARNED A REPUTATION FOR PROVIDING STUDENTS AN EXCEPTIONAL, RELEVANT, PRACTICAL LEGAL EDUCATION THAT FULLY PREPARES THEM FOR A CAREER IN THE PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael F Barry President & Dean | Officer | 37.5 | $356,361 |
Catherine Burnett VP Assoc. Dean & Prof. Of | Officer | 37.5 | $289,498 |
Jim Musselman Professor Of Law | 37.5 | $242,290 | |
Geoffrey Corn Professor Of Law | 37.5 | $232,895 | |
David East Prof Of Law And Director O | 37.5 | $228,121 | |
Robert Galloway Vp, Advocacy & Prof Of Law | Officer | 37.5 | $226,169 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barbri Inc Education Services | 5/30/22 | $435,200 |
Parrish Security Group Security Services | 5/30/22 | $351,334 |
Strata Information Group Advertising Service | 5/30/22 | $305,682 |
Synermark Properties Inc Facilities Services | 5/30/22 | $211,038 |
Jeffrey B Spear Consulting Services | 5/30/22 | $166,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $191,116 |
| Related organizations | $0 |
| Government grants | $2,530,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,339,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,060,950 |
| Total Program Service Revenue | $31,255,657 |
| Investment income | $1,143,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,576 |
| Net Gain/Loss on Asset Sales | $7,952,209 |
| Net Income from Fundraising Events | -$137,357 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,352,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,598,559 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,980,483 |
| Compensation of current officers, directors, key employees. | $585,651 |
| Compensation to disqualified persons | $1,152,589 |
| Other salaries and wages | $12,443,579 |
| Pension plan accruals and contributions | $802,155 |
| Other employee benefits | $1,209,776 |
| Payroll taxes | $1,021,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,489 |
| Fees for services: Accounting | $71,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $110 |
| Fees for services: Other | $2,626,412 |
| Advertising and promotion | $214,808 |
| Office expenses | $333,319 |
| Information technology | $1,166,402 |
| Royalties | $0 |
| Occupancy | $2,245,886 |
| Travel | $214,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,707 |
| Interest | $97,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,258,314 |
| Insurance | $460,292 |
| All other expenses | $143,303 |
| Total functional expenses | $34,710,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,939,908 |
| Savings and temporary cash investments | $12,475,944 |
| Pledges and grants receivable | $1,500,901 |
| Accounts receivable, net | $3,315,353 |
| 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 | $591,268 |
| Net Land, buildings, and equipment | $31,843,495 |
| Investments—publicly traded securities | $59,021,089 |
| Investments—other securities | $865,261 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,553,219 |
| Accounts payable and accrued expenses | $5,557,403 |
| Grants payable | $0 |
| Deferred revenue | $1,737,137 |
| Tax-exempt bond liabilities | $3,817,589 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,427,937 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,148 |
| Total liabilities | $12,599,214 |
| Net assets without donor restrictions | $74,870,029 |
| Net assets with donor restrictions | $25,083,976 |
| 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 | $112,553,219 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that South Texas College Of Law Houston Inc has recieved totaling $61,000.
| Awarding Organization | Amount |
|---|---|
Teresa L Herbert Memorial Foundation Rosharon, TX PURPOSE: SCHOLARSHIP FUND | $50,000 |
Willard And Anne Levin Foundation Hallettsville, TX PURPOSE: UNRESTRICTED OPERATING FUNDS | $6,000 |
Jack Webster Grigsby Foundation Shreveport, LA PURPOSE: THE RANDALL O. SORRELS LEGAL CLINICS | $5,000 |
Endowment Analysis
| Beg. Balance | $56,572,992 |
| Earnings | -$5,439,268 |
| Net Contributions | $4,041,496 |
| Grants | $1,374,630 |
| Ending Balance | $53,800,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parker University Dallas, TX | $134,020,772 | $70,650,236 |
Dallas Theological Seminary Dallas, TX | $131,702,199 | $46,931,578 |
South Texas College Of Law Houston Inc Houston, TX | $112,553,219 | $46,352,158 |
Baptist Community Ministries New Orleans, LA | $0 | $15,001,748 |
Brite Divinity School Fort Worth, TX | $131,791,900 | $16,856,485 |
Dallas Seminary Foundation Vision Fund Dallas, TX | $4,584,823 | $10,722,757 |
Grace School Of Theology The Woodlands, TX | $1,343,724 | $6,038,036 |
Rio Grande Bible Institute Inc Edinburg, TX | $14,715,494 | $6,700,846 |
Robert O Anderson School And Graduate School Of Management Foun Albuquerque, NM | $0 | $273,602 |
Academy For The Love Of Learning Inc Santa Fe, NM | $22,846,093 | $2,334,127 |
Ayurvedic Institute Albuquerque, NM | $4,339,366 | $2,514,881 |
Dallas International University Dallas, TX | $5,420,803 | $2,599,528 |