Mccombs School Of Business Foundation
- Assets
- $44.6m
- Revenue
- $23.7m
- Investments
- $19.8m
- Employees
- 72
- Location
- Austin, TX
- Founding
- 05/1978
- Data as of
- 08/2023
- EIN
- 75-1589151
Organization Overview
Mccombs School Of Business Foundation is located in Austin, 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. As of 08/2023, Mccombs School Of Business Foundation employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccombs School Of Business 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 08/2023, Mccombs School Of Business Foundation generated $23.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $21.5m during the year ending 08/2023. While expenses have increased by 16.8% 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, Mccombs School Of Business Foundation has awarded 18 individual grants totaling $19,549,709. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO THE UNIVERSITY OF TEXAS MCCOMBS SCHOOL OF BUSINESS.
Describe the Organization's Program Activity:
THE FOUNDATION IS CONTRACTED BY VARIOUS ORGANIZATIONS TO DESIGN, DEVELOP AND IMPLEMENT CUSTOMIZED TRAINING PROGRAMS. MCCOMBS SCHOOL OF BUSINESS FACULTY MEMBERS ARE ACTIVELY INVOLVED IN TEXAS EXECUTIVE EDUCATION; MANY OF THE MOST EXPERIENCED TEACH IN THE FOUNDATION'S CUSTOM PROGRAMS. IN ADDITION, AS APPROPRIATE, THE FOUNDATION CALLS UPON PROFESSORS IN OTHER SCHOOLS AND COLLEGES OF THE UNIVERSITY OF TEXAS (THE UNIVERSITY) TO HELP CONSTRUCT AND PARTICIPATE IN CUSTOM PROGRAMS, INCLUDING COMMUNICATIONS, ENGINEERING, LAW, INFORMATION, AND PUBLIC ADMINISTRATION.
FACULTY, STUDENT, AND ADMINISTRATIVE SUPPORT TO THE UNIVERSITY OF TEXAS MCCOMBS SCHOOL OF BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Hirst Professor | 1 | $17,280 | |
Luis Martins Professor | 1 | $47,255 | |
Clemens Sialm Professor | 1 | $37,189 | |
Ethan Burris Professor | 1 | $1,580 | |
David Harrison Professor | 1 | $16,425 | |
Caitlin Mullaney Managing Dir | Officer | 7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The University Of Texas Operational Support | 8/30/23 | $2,249,816 |
Edx Boot Camps Llc Program Management | 8/30/23 | $8,555,021 |
Km Consulting Program Management | 8/30/23 | $4,504,487 |
Everspring Inc Marketing | 8/30/23 | $414,737 |
J29 Ventures Llc Marketing | 8/30/23 | $172,650 |
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 | $134,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,512 |
| Total Program Service Revenue | $22,852,840 |
| Investment income | $801,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$88,170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,706,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,121,800 |
| 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 | $1,380,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $104,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,444 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $39,568 |
| All other expenses | $371,095 |
| Total functional expenses | $21,529,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,156,562 |
| Savings and temporary cash investments | $5,232,964 |
| Pledges and grants receivable | $99,216 |
| Accounts receivable, net | $4,452,415 |
| 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 | $18,520 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,700,132 |
| Investments—other securities | $19,844,478 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,987 |
| Total assets | $44,565,274 |
| Accounts payable and accrued expenses | $2,479,781 |
| Grants payable | $0 |
| Deferred revenue | $553,970 |
| 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 | $1,039,496 |
| Total liabilities | $4,073,247 |
| Net assets without donor restrictions | $25,433,085 |
| Net assets with donor restrictions | $15,058,942 |
| 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 | $44,565,274 |
Grants Awarded
Over the last fiscal year, Mccombs School Of Business Foundation has awarded $1,121,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EX-STUDENTS ASSOC OF UT PURPOSE: Scholarships | $820,000 |
THE UNIVERSITY OF TEXAS PURPOSE: AIM Center & Other Purposes | $301,800 |