The University Of Texas Rio Grande Valley Foundation
- Assets
- $45.6m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Edinburg, TX
- Founding
- 12/1982
- Data as of
- 08/2021
- EIN
- 74-2246970
Organization Overview
The University Of Texas Rio Grande Valley Foundation is located in Edinburg, TX. The organization was established in 1982. 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. University Of Texas Rio Grande Valley 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 08/2021, University Of Texas Rio Grande Valley Foundation generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $2.4m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, University Of Texas Rio Grande Valley Foundation has awarded 19 individual grants totaling $8,338,149. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO INCREASE THE UNIVERSITY ENDOWMENT BY CONNECTING ALL SEGMENTS OF THE UNIVERSITY TO THE COMMUNITY AND CORPORATE WORLD THROUGH VALUE ENHANCING RELATIONSHIPS AND AWARD SCHOLARSHIPS AND/OR PROVIDE SUPPORT TO THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED AND SUPPORT GIVEN TO THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY AND OTHER COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Arismendi Vice Chairman | OfficerTrustee | 0.5 | $0 |
Jason Leal Chairman | OfficerTrustee | 0.5 | $0 |
Roland Gonzalez Treasurer | OfficerTrustee | 0.5 | $0 |
Ed Rivera Secretary | OfficerTrustee | 0.5 | $0 |
R David Guerra Trustee | Trustee | 0.5 | $0 |
Theresa Barrera-Shaw Trustee | Trustee | 0.5 | $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 | $516,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,625 |
| Total Program Service Revenue | $0 |
| Investment income | $798,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,442,133 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,758,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,789,107 |
| Grants and other assistance to domestic individuals. | $65,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $336,109 |
| 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 | $11,053 |
| Fees for services: Other | $34,561 |
| Advertising and promotion | $0 |
| Office expenses | $4,437 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $610 |
| 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 | $15,160 |
| All other expenses | $3,038 |
| Total functional expenses | $2,388,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,718,981 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103 |
| 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 | $1,687 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $42,679,634 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,230,337 |
| Total assets | $45,630,742 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,882,554 |
| Net assets with donor restrictions | $41,748,188 |
| 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 | $45,630,742 |
Grants Awarded
Over the last fiscal year, The University Of Texas Rio Grande Valley Foundation has awarded $1,751,417 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY PURPOSE: SCHOLARSHIPS AND PROGRAM SUPPORT | $1,735,917 |
Mcallen, TX PURPOSE: SPONSORSHIPS AND PROGRAM SUPPORT | $10,000 |
Mcallen, TX PURPOSE: SPONSORSHIPS AND PROGRAM SUPPORT | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that The University Of Texas Rio Grande Valley Foundation has recieved totaling $1,286,139.
| Awarding Organization | Amount |
|---|---|
The Onestar Foundation Austin, TX PURPOSE: AMERICORPS SUB-GRANT | $714,139 |
Greater Texas Foundation Bryan, TX PURPOSE: A SCHOLARSHIP AND RETENTION PROGRAM FOR EARLY COLLEGE HIGH SCHOOL GRADUATES. | $252,670 |
Knapp Community Care Foundation Inc Weslaco, TX PURPOSE: THE GOAL OF THE PROJECT IS TO IMPROVE THE HEALTH OF MID-VALLEY RESIDENTS THROUGH TARGETED OUTREACH UTILIZING THE UNIMVIL MOBILE CLINIC THAT CAN REACH ALL MID-VALLEY AREAS. | $95,000 |
With Foundation San Mateo, CA PURPOSE: COVID-19 RESPONSE | $50,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $29,694 |
John G & Marie Stella Kenedy Memorial Foundation Corpus Christi, TX PURPOSE: Student Food Pantry | $25,000 |
Endowment Analysis
| Beg. Balance | $37,303,681 |
| Earnings | $7,938,143 |
| Net Contributions | $536,484 |
| Other Expense | $120,780 |
| Grants | $2,308,016 |
| Ending Balance | $43,349,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |