The University Of Texas Texas A M Investment Management Company
- Assets
- $70.1m
- Revenue
- $70.1m
- Investments
- $0.0
- Employees
- 158
- Location
- Austin, TX
- Founding
- 04/1996
- Data as of
- 08/2023
- EIN
- 74-2765082
Organization Overview
The University Of Texas Texas A M Investment Management Company is located in Austin, TX. The organization was established in 1996. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 08/2023, University Of Texas Texas A M Investment Management Company employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Texas Texas A M Investment Management Company 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, University Of Texas Texas A M Investment Management Company generated $70.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $69.0m during the year ending 08/2023. While expenses have increased by 9.9% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROFESSIONAL INVESTMENT MANAGEMENT AND RELATED SERVICES FOR THE FUNDS UNDER MANAGEMENT AND CONTROL OF THE BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENT OF FUNDS UNDER THE CONTROL AND MANAGEMENT OF THE BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/vice Chairman For Policy | OfficerTrustee | 1 | $0 |
Name Not Listed Director/chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director/vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bloomberg Lp Financial Services | 8/30/23 | $1,159,747 |
Prestige Staffing Hiring Consultants | 8/30/23 | $223,750 |
David Barrett Partners Llc Hiring Consultants | 8/30/23 | $150,000 |
Deloitte & Touche Llp Auditing Services | 8/30/23 | $132,387 |
The Burgiss Group Llc Online Data/subscription Services | 8/30/23 | $110,250 |
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 | $67,943,364 |
| Investment income | $2,141,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,085,321 |
| 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. | $22,255,345 |
| Compensation of current officers, directors, key employees. | $5,563,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,042,145 |
| Pension plan accruals and contributions | $1,659,557 |
| Other employee benefits | $2,006,672 |
| Payroll taxes | $2,553,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $193,841 |
| Fees for services: Accounting | $106,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $484,563 |
| Advertising and promotion | $0 |
| Office expenses | $124,629 |
| Information technology | $2,278,440 |
| Royalties | $0 |
| Occupancy | $749,997 |
| Travel | $1,055,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,906 |
| Interest | $188,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,917,524 |
| Insurance | $64,524 |
| All other expenses | $772,023 |
| Total functional expenses | $68,990,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,458 |
| Savings and temporary cash investments | $41,615,068 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,294 |
| 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 | $1,772,405 |
| Net Land, buildings, and equipment | $22,475,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,999,540 |
| Total assets | $70,057,072 |
| Accounts payable and accrued expenses | $19,810,791 |
| 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 | $22,185,483 |
| Total liabilities | $41,996,274 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $28,060,798 |
| Total liabilities and net assets/fund balances | $70,057,072 |