Tarleton State University Foundation Inc
- Assets
- $60.6m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Stephenville, TX
- Founding
- 06/1990
- Data as of
- 08/2024
- 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. 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 08/2024, Tarleton State University Foundation Inc generated $14.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $6.4m during the year ending 08/2024. While expenses have increased by 29.0% per year over the past 9 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
2024
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 |
|---|---|---|---|
Bryan Bierschwale Treasurer | OfficerTrustee | 2 | $0 |
Aliceanne Brown Member | Trustee | 1 | $0 |
Lorilei Butler Member | Trustee | 1 | $0 |
Dr Stan Carpenter Secretary | OfficerTrustee | 2 | $0 |
Rocky Hardin Member | Trustee | 1 | $0 |
Justin Haschke Member | 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 | $11,607,506 |
| Noncash contributions included in lines 1a–1f | $28,252 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,607,506 |
| Total Program Service Revenue | $0 |
| Investment income | $1,322,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,079,221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,122,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,156,810 |
| 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 | $55,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $140,219 |
| Fees for services: Other | $265 |
| Advertising and promotion | $0 |
| Office expenses | $3,128 |
| 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 | $2,930 |
| All other expenses | $17,279 |
| Total functional expenses | $6,353,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,103 |
| Savings and temporary cash investments | $688,322 |
| Pledges and grants receivable | $922,927 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,383 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,288 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $57,747,175 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $536,718 |
| Total assets | $60,617,916 |
| Accounts payable and accrued expenses | $706,131 |
| 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 | $5,456,259 |
| Total liabilities | $6,162,390 |
| Net assets without donor restrictions | $4,954,003 |
| Net assets with donor restrictions | $49,501,523 |
| 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 | $60,617,916 |
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: DEPARTMENT SUPPORT | $28,344 |
TARLETON STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $23,017 |
TARLETON STATE UNIVERSITY PURPOSE: EXPENSES | $66,703 |