Texas State University Development Foundation
- Assets
- $116.5m
- Revenue
- $5.3m
- Investments
- $43.5m
- Employees
- 0
- Location
- San Marcos, TX
- Founding
- 10/1978
- Data as of
- 06/2023
- EIN
- 74-1982979
Organization Overview
Texas State University Development Foundation is located in San Marcos, TX. The organization was established in 1978. 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 State University Development 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 06/2023, Texas State University Development Foundation generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $6.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Texas State University Development Foundation has awarded 18 individual grants totaling $38,686,857. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACCEPTING AND INVESTING GIFTS ESTABLISHED AS ENDOWMENTS BENEFITING THE MISSION OF TEXAS STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION INVESTS AND ADMINISTERS FUNDS, CONDUCTS DEVELOPMENT EFFORTS AND WORKS WITH GROUPS WHICH EXPRESS AN INTEREST IN FUND-RAISING EFFORTS, ALL FOR THE BENEFIT OF TEXAS STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnye J Cowell Board Chair | OfficerTrustee | 0.3 | $0 |
Christopher L Mitchell Board Vice Chair | OfficerTrustee | 0.3 | $0 |
Lee Doughtie III Board Treasurer | OfficerTrustee | 0.3 | $0 |
Vilma Luna Secretary | OfficerTrustee | 0.3 | $0 |
Scott L Irvine Audit/finance Chair | OfficerTrustee | 0.3 | $0 |
Christian Rundberg Board Development Chair | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc Investment Advising | 6/29/17 | $150,000 |
Myers Concrete Construction Road Installation | 6/29/17 | $108,094 |
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 | $2,906,534 |
| Noncash contributions included in lines 1a–1f | $399,770 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,906,534 |
| Total Program Service Revenue | $0 |
| Investment income | $1,538,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $198,461 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $635,217 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,278,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,635,152 |
| 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 | $24,472 |
| Fees for services: Accounting | $16,263 |
| 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 | $4,866 |
| Information technology | $9,500 |
| 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 | $10,653 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,311 |
| Total functional expenses | $5,956,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,701,331 |
| Pledges and grants receivable | $1,652,302 |
| 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 | $67,611,675 |
| Investments—other securities | $43,523,539 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,488,847 |
| Accounts payable and accrued expenses | $2,584,696 |
| 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 | $283,972 |
| Total liabilities | $2,868,668 |
| Net assets without donor restrictions | $1,285,662 |
| Net assets with donor restrictions | $112,334,517 |
| 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 | $116,488,847 |
Grants Awarded
Over the last fiscal year, Texas State University Development Foundation has awarded $4,635,152 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR STUDENTS | $2,675,466 |
TEXAS STATE UNIVERSITY PURPOSE: UNIVERSITY ADVANCEMENT | $1,959,686 |