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SMU Corp FY2022 filing

Tax-deductible

Dallas, TX501(c)(3)Arts & CultureEIN 26-4739435

On file with the IRS3140 Dyer St Msc 261, 75205-1977 · Dallas, TXTax-exempt since Feb 2010Supporting organization — 509(a)(3)

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Supporting organization for southern methodist university and the george w. Bush foundation.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $12K a year · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
8
named funders · $23K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$76.9M
238% of total assets
Concern: liabilities are 238% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
−$5K
To programs
100%
Net assets
−$44.6M
By yearFY2020–FY2025
Revenue
$0
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Expenses
−$5K
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020−$4K
FY2021−$4K
FY2022−$5K
FY2023−$5K
FY2024−$41K
FY2025−$15K
Net assets
−$44.6M
FY2022+0.01%
Tap a bar for its year
Net assets by fiscal year
FY2020−$44.6M
FY2021−$44.6M
FY2022−$44.6M
FY2023−$44.6M
FY2024−$44.6M
FY2025−$44.6M

From the FY2022 Form 990 (year ending May 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Brad Cheves
Vice Preside
$0Pt VII · Sec A
Christine Regis
VP and Treas
$0Pt VII · Sec A
Paul Ward
VP and Secre
$0Pt VII · Sec A
Jesse L Adkins
Assistant Se
$0Pt VII · Sec A
See SMU Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Southern Methodist University and the George W. Bush Foundation.

Questions for SMU Corp

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Provided by the organization

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1 program · −$5K · in their own filed words · FY2021
01

Smu corp. Supported the george w bush presidential library and museum by entering into a ground lease agreement with the george w bush foundation.

−$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Jess L and Miriam B Stevens FoundationFY2024$10K
The Hal and Diane Brierley FoundationFY2024$5K
J Mack Robinson FoundationFY2024$2K
The Kleinschmidt Family FoundationFY2024$2K
Kline Family FoundationFY2024$2K
Searing Brown FoundationFY2024$1K
The Sue & Eugene Mercy JR FoundationFY2024$500
Dexter a and M Patricia McCormick Family Foundation INCFY2024$250
Total grants receivedfrom 8 funders$23K
See all 8 funders →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
−$5K
Ln 25
Owns and owesPt X
−$44.6M
net assets · Ln 32
Total assetsLn 16$32.3M
LiabilitiesLn 26$76.9M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$32.3M
Total assetsLn 16$32.3M
LiabilitiesLn 26$76.9M
Net assetsLn 32−$44.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Land, buildings, equipmentLn 10c$32.3M$32.3M
Total assetsLn 16$32.3M$32.3M
LiabilitiesLn 26$76.9M$76.9M
Net assetsLn 32−$44.6M−$44.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24−$5K−$5K
Total functional expensesLn 25−$5K−$5K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0−$15K$15K−$44.6M 990 PDF
FY2024 $0−$41K$41K−$44.6M 990 PDF
FY2023 $0−$5K$5K−$44.6M 990 PDF
FY2022 Viewing $0−$5K$5K−$44.6M 990 PDF
FY2021 $0−$4K$4K−$44.6M 990 PDF
FY2020 $0−$4K$4K−$44.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$0
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year −$4,358−$4,677
I-18 Total expensesPrior year −$4,358−$4,677
I-19 Revenue less expensesPrior year $4,358$4,677
Part VI · Governance 0 of 1 board members independent, 2 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses −$4,677 across 1 line filed
IX-24 Other expenses (24a–d)Programs −$4,677−$4,677
IX-25 Total functional expensesPrograms −$4,677 · Management $0 · Fundraising $0−$4,677
Part X · Balance sheet $32,260,956 assets, 6 lines filed
X-10c Land, buildings and equipment, netStart of year $32,260,956$32,260,956
X-16 Total assetsStart of year $32,260,956$32,260,956
X-17 Accounts payable and accrued expensesStart of year $76,899,541$76,894,864
X-26 Total liabilitiesStart of year $76,899,541$76,894,864
X-32 Total net assets or fund balancesStart of year −$44,638,585−$44,633,908
X-33 Total liabilities and net assetsStart of year $32,260,956$32,260,956
Part XI · Reconciliation of net assets −$44,633,908 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses−$4,677
XI-3 Revenue less expenses$4,677
XI-4 Net assets at start of year−$44,638,585
XI-10 Net assets at end of year−$44,633,908

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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