Texas Christian University
- Assets
- $4.3b
- Revenue
- $1.2b
- Investments
- $1.8b
- Employees
- 6,093
- Location
- Fort Worth, TX
- Founding
- 03/1935
- Data as of
- 05/2022
- EIN
- 75-0827465
Organization Overview
Texas Christian University is located in Fort Worth, TX. The organization was established in 1935. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Texas Christian University employed 6,093 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Christian University 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, Texas Christian University generated $1.2b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $918.1m during the year ending 05/2022. While expenses have increased by 6.1% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES NINE MAJOR ACADEMIC UNITS. INSTRUCTION IS FOR 11,938 STUDENTS.
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Dining Services | 5/30/22 | $20,807,212 |
Turner Construction Company Construction Srvs | 5/30/22 | $9,834,923 |
Hunt Construction Group Construction Srvs | 5/30/22 | $2,894,667 |
Linbeck Group Llc Construction Srvs | 5/30/22 | $2,404,102 |
Blackmon-mooringbms Cat Llc Cleaning Srvs | 5/30/22 | $2,400,532 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,722 |
| Fundraising events | $320,947 |
| Related organizations | $0 |
| Government grants | $38,120,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,685,412 |
| Noncash contributions included in lines 1a–1f | $9,149,767 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,172,269 |
| Total Program Service Revenue | $734,782,582 |
| Investment income | $57,186,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,380,468 |
| Net Rental Income | $1,319,246 |
| Net Gain/Loss on Asset Sales | $216,037,580 |
| Net Income from Fundraising Events | $16,218 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $125,098 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,168,273,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $262,795,855 |
| Grants and other assistance to Foreign Orgs/Individuals | $81,973 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,074,438 |
| Compensation of current officers, directors, key employees. | $11,022,009 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,957,325 |
| Pension plan accruals and contributions | $17,795,981 |
| Other employee benefits | $41,974,834 |
| Payroll taxes | $16,343,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $957,215 |
| Fees for services: Accounting | $351,902 |
| Fees for services: Lobbying | $1,253 |
| Fees for services: Fundraising | $218,436 |
| Fees for services: Investment Management | $55,886,355 |
| Fees for services: Other | $33,435,336 |
| Advertising and promotion | $3,228,176 |
| Office expenses | $20,486,892 |
| Information technology | $4,941,446 |
| Royalties | $0 |
| Occupancy | $26,279,953 |
| Travel | $21,763,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,164,425 |
| Interest | $30,061,197 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,309,470 |
| Insurance | $5,012,742 |
| All other expenses | $11,327,157 |
| Total functional expenses | $918,144,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,181,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,636,107 |
| Accounts receivable, net | $36,206,903 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $872,080 |
| Prepaid expenses and deferred charges | $5,973,218 |
| Net Land, buildings, and equipment | $1,395,716,566 |
| Investments—publicly traded securities | $825,429,491 |
| Investments—other securities | $1,794,949,922 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,145,996 |
| Total assets | $4,250,111,470 |
| Accounts payable and accrued expenses | $86,604,593 |
| Grants payable | $0 |
| Deferred revenue | $40,141,095 |
| Tax-exempt bond liabilities | $165,609,720 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $711,983,656 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,673,320 |
| Total liabilities | $1,104,012,384 |
| Net assets without donor restrictions | $1,935,242,055 |
| Net assets with donor restrictions | $1,210,857,031 |
| 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 | $4,250,111,470 |
Grants Awarded
Over the last fiscal year, Texas Christian University has awarded $369,682 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Independence, OH PURPOSE: DONATION | $134,841 |
Independence, OH PURPOSE: DONATION | $134,841 |
FORT WORTH CHAMBER OF COMMERCE PURPOSE: ECONOMIC DEVELOPMENT GRANT | $50,000 |
FORT WORTH CHAMBER OF COMMERCE PURPOSE: ECONOMIC DEVELOPMENT GRANT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Texas Christian University has recieved totaling $124,482.
| Awarding Organization | Amount |
|---|---|
Reilly Family Foundation Aledo, TX PURPOSE: SCHOLARSHIPS | $60,000 |
Annexstad Family Foundation Mound, MN PURPOSE: SCHOLARSHIP | $25,000 |
Virginia Odonnell Charitable Tr Fort Worth, TX PURPOSE: TO AID AND ASSIST IN THE PRIMARY WORKS OF THE BENEFICIARY INSTITUTIONS. | $18,002 |
Ellis Family Foundation Del Mar, CA PURPOSE: FULFILL THE UNIVERSITY'S MISSION TO STRENGTHEN THE UNIVERSITY | $16,480 |
Florence Kerr Educational Tr Fort Worth, TX PURPOSE: EDUCATIONAL | $4,000 |
Familia Robinson Foundation Eden Prairie, MN PURPOSE: SUPPORT EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $2,001,835,819 |
| Earnings | $464,341,855 |
| Net Contributions | $52,191,533 |
| Other Expense | $58,570,556 |
| Grants | $19,080,345 |
| Ending Balance | $2,440,718,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Christian University Fort Worth, TX | $4,250,111,470 | $1,168,273,968 |
Southern Methodist University Dallas, TX | $4,000,720,929 | $1,151,429,320 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $2,152,998,026 | $314,487,625 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
Loyola University New Orleans, LA | $507,723,751 | $180,729,254 |
St Edwards University Austin, TX | $407,674,009 | $177,051,726 |
St Marys University Of San Antonio San Antonio, TX | $377,035,263 | $162,157,507 |
Texas A&m Foundation College Station, TX | $2,465,090,742 | $282,467,067 |
Dallas Baptist University Dallas, TX | $231,209,561 | $142,120,388 |
Oral Roberts University Tulsa, OK | $267,470,829 | $191,939,533 |
Xavier University Of Louisiana New Orleans, LA | $472,117,353 | $172,171,417 |