Sul Ross State University Foundation
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Alpine, TX
- Founding
- 09/2004
- Data as of
- 08/2021
- EIN
- 75-3138496
Organization Overview
Sul Ross State University Foundation is located in Alpine, TX. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Sul Ross State University 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 08/2021, Sul Ross State University Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $11.0m during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SULL ROSS STATE UNIVERSITY FOUNDATION WAS FORMED IN 2003 EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC PURPOSES, AND SCHOLARSHIP DISTRIBUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PROVIDING SUPPORT FOR PROJECTS, PROGRAMS, AND ENDOWED FACULTY OF SUL ROSS STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Stephens Chair | Officer | 0 | $0 |
Carla Mcfarland Treasurer | Officer | 0 | $0 |
Robert Wagnon Member | Trustee | 0 | $0 |
Dorinna Tanksley Member | Trustee | 0 | $0 |
Jaime Velasco Member | Trustee | 0 | $0 |
Beto Hinojosa Member | Trustee | 0 | $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 | $1,121,409 |
| Noncash contributions included in lines 1a–1f | $30,698 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,121,409 |
| Total Program Service Revenue | $0 |
| Investment income | $109,020 |
| 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 | $1,230,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,918,777 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,707 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,028,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,628,118 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,687,998 |
| Accounts payable and accrued expenses | $0 |
| 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 | $82,500 |
| Other liabilities | $0 |
| Total liabilities | $82,500 |
| Net assets without donor restrictions | $25,813 |
| Net assets with donor restrictions | $1,579,685 |
| 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 | $1,687,998 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Sul Ross State University Foundation has recieved totaling $466,300.
| Awarding Organization | Amount |
|---|---|
Cynthia & Geo Mitchell Foundation The Woodlands, TX PURPOSE: CONSERVATION OF THE GREATER BIG BEND REGION | $280,000 |
Miriam And Emmett Mccoy Foundation San Marcos, TX PURPOSE: DESERT MURAL RESTORATION | $60,000 |
Wayne And Jo Ann Moore Charitablefoundation Midland, TX PURPOSE: OPERATING EXPENSES | $25,000 |
Brown Foundation Inc Houston, TX PURPOSE: THEATRE PROGRAM | $25,000 |
Union Pacific Foundation Omaha, NE PURPOSE: HISTORY, HERITAGE AND UNIQUE LOCAL CHARACTER | $25,000 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX PURPOSE: TO HOST A LAND CONSERVATION AND ENERGY CONFERENCE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |
The Center For Collaborative Research Inc Houston, TX | $142,938,649 | $16,860,442 |
Mccombs School Of Business Foundation Austin, TX | $43,764,563 | $20,383,837 |
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |