Tarleton State University Foundation Inc
- Assets
- $28.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Stephenville, TX
- Founding
- 06/1990
- Data as of
- 08/2022
- EIN
- 75-2331886
Organization Overview
Tarleton State University Foundation Inc is located in Stephenville, TX. The organization was established in 1990. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 08/2022, Tarleton State University Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tarleton State University 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 08/2022, Tarleton State University Foundation Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $1.6m during the year ending 08/2022. While expenses have increased by 14.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL SUPPORT FOR TARLETON STATE UNIVERSITY AND SCHOLARSHIPS FOR STUDENTS ATTENDING THE UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR STUDENTS ATTENDING TARLETON STATE UNIVERSITY
SUPPORT FOR VARIOUS DEPARTMENTS AND PROGRAMS OF TARLETON STATE UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rocky Hardin President | OfficerTrustee | 1 | $0 |
Hadley Woerner Secretary/tr | OfficerTrustee | 1 | $0 |
Bryan Bierschwale Director | Trustee | 0.25 | $0 |
Aliceanne Brown Director | Trustee | 0.25 | $0 |
Kris Brown Director | Trustee | 0.25 | $0 |
Jc Johnson Director | Trustee | 0.25 | $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 | $2,631,217 |
| Noncash contributions included in lines 1a–1f | $1,163,179 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,631,217 |
| Total Program Service Revenue | $0 |
| Investment income | $508,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,274,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,426,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,382,700 |
| 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 | $81,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $16,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,137 |
| Fees for services: Other | $483 |
| Advertising and promotion | $0 |
| Office expenses | $1,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,400 |
| 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 | $4,125 |
| All other expenses | $9,022 |
| Total functional expenses | $1,626,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,086 |
| Savings and temporary cash investments | $685,902 |
| Pledges and grants receivable | $312,825 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $896 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,122,306 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $361,487 |
| Total assets | $28,820,502 |
| Accounts payable and accrued expenses | $3,050 |
| 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 | $246,910 |
| Total liabilities | $249,960 |
| Net assets without donor restrictions | $3,664,833 |
| Net assets with donor restrictions | $24,905,709 |
| 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 | $28,820,502 |
Grants Awarded
Over the last fiscal year, Tarleton State University Foundation Inc has awarded $118,064 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TARLETON STATE UNIVERSITY PURPOSE: EXPENSES | $66,703 |
TARLETON STATE UNIVERSITY PURPOSE: DEPARTMENT SUPPORT | $28,344 |
TARLETON STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $23,017 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Tarleton State University Foundation Inc has recieved totaling $131,587.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $47,300 |
Pevehouse Family Foundation Inc Midland, TX PURPOSE: CAPITAL PROJECT | $40,000 |
Pevehouse Family Foundation Inc Midland, TX PURPOSE: SCHOLARSHIP FUND | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,750 |
Pevehouse Family Foundation Inc Midland, TX PURPOSE: SPONSORSHIP | $10,000 |
Diserens Family Scholarship Fund Pennington, NJ PURPOSE: SCHOLARSHIP | $5,000 |
Endowment Analysis
| Beg. Balance | $29,815,438 |
| Earnings | -$4,041,205 |
| Admin Expense | $289,112 |
| Net Contributions | $1,959,669 |
| Grants | $1,370,587 |
| Ending Balance | $26,074,203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hallmark University Inc San Antonio, TX | $50,738,491 | $19,939,747 |
University Of Central Oklahoma Fdn Edmond, OK | $57,594,022 | $22,644,873 |
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Southern University System Foundation Baton Rouge, LA | $59,341,239 | $13,209,342 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |
Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
Randall University Inc Moore, OK | $6,608,368 | $7,433,894 |
Stephen F Austin State University Foundation Inc Nacogdoches, TX | $115,560,450 | $21,375,091 |
Texas A&m University-Kingsville Foundation Inc Kingsville, TX | $109,298,613 | $9,889,505 |
Baptist University Of The Americas San Antonio, TX | $13,785,547 | $6,893,983 |