Texas A & M University-Corpus Christi Foundation Inc
- Assets
- $46.4m
- Revenue
- $2.3m
- Investments
- $1.0m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 07/2002
- Data as of
- 03/2023
- EIN
- 74-2491445
Organization Overview
Texas A & M University-Corpus Christi Foundation Inc is located in Corpus Christi, TX. The organization was established in 2002. 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 University-Corpus Christi Foundation 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 03/2023, Texas A & M University-Corpus Christi Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $2.3m during the year ending 03/2023. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Texas A & M University-Corpus Christi Foundation Inc has awarded 35 individual grants totaling $14,961,317. 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
FOR THE BENEFIT OF TEXAS A&M UNIVERSITY - CORPUS CHRISTI
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ALLOCATIONS MADE FOR THE PURPOSE OF SUPPORTING THE ACTIVITIES OF TEXAS A&M UNIVERISTY - CORPUS CHRISTI UPON THE REQUEST OF THE UNIVERSITY'S PRESIDENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Eshleman President | OfficerTrustee | 2 | $0 |
Dr Scott Elliff Vice President | OfficerTrustee | 1 | $0 |
Suzelle Tinnell Treasurer | OfficerTrustee | 1 | $0 |
Ed Cantu Secretary | OfficerTrustee | 1 | $0 |
Tim Stephens Past President | OfficerTrustee | 1 | $0 |
Jordan Anderson Trustee | Trustee | 1 | $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 | $993,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $993,148 |
| Total Program Service Revenue | $0 |
| Investment income | $1,040,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,200 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$78,802 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,287,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,973,889 |
| 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 | $34,160 |
| Fees for services: Accounting | $80,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,040 |
| Fees for services: Other | $78,750 |
| Advertising and promotion | $0 |
| Office expenses | $785 |
| 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 | $6,052 |
| All other expenses | $0 |
| Total functional expenses | $2,262,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,161,546 |
| Pledges and grants receivable | $219,447 |
| Accounts receivable, net | $54,403 |
| 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 | $11,713 |
| Net Land, buildings, and equipment | $1,833 |
| Investments—publicly traded securities | $42,596,622 |
| Investments—other securities | $1,024,020 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $342,368 |
| Total assets | $46,411,952 |
| Accounts payable and accrued expenses | $66,297 |
| 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 | $66,297 |
| Net assets without donor restrictions | $7,387,805 |
| Net assets with donor restrictions | $38,957,850 |
| 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 | $46,411,952 |
Grants Awarded
Over the last fiscal year, Texas A & M University-Corpus Christi Foundation Inc has awarded $1,969,889 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY - CORPUS CHRISTI PURPOSE: SCHOLARSHIPS | $1,077,750 |
TEXAS A&M UNIVERSITY - CORPUS CHRISTI PURPOSE: ACADEMIC PROGRAMS | $782,000 |
TEXAS A&M UNIVERSITY - CORPUS CHRISTI PURPOSE: UNIVERSITY ENHANCEMENTS | $110,139 |