Texas A&m Foundation FY2023 filing

Tax-deductible

College Sta, TX501(c)(3)Since 1953Colleges & UniversitiesEIN 74-2245072Revenue $293.3M in FY2023

On file with the IRStxamfoundation.com401 George Bush Dr, 77840-2811 · College Sta, TXTax-exempt since Jan 1983College/university support org — 170(b)(1)(A)(iv)

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The Texas a&m Foundation builds a brighter future for Texas a&m university, one relationship at a time, by uniting generosity and vision to raise support and manage endowed gifts.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$4.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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 $118.1M a year · 38% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.5M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $566K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$413.0M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$293.3M
-3% vs prior year
Spent
$223.6M
To programs
71%
Net assets
$2.8B
By yearFY2020–FY2025
Revenue
$293.3M
FY2023▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$282.5M
FY2021$201.3M
FY2022$302.9M
FY2023$293.3M
FY2024$338.7M
FY2025$433.9M
Expenses
$223.6M
FY2023▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$149.8M
FY2021$149.4M
FY2022$169.1M
FY2023$223.6M
FY2024$210.4M
FY2025$241.6M
Net assets
$2.8B
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1B
FY2021$2.7B
FY2022$2.7B
FY2023$2.8B
FY2024$3.0B
FY2025$3.3B

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jan 1983.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $159.1M Management & general 17% · $39.1M Fundraising 11% · $25.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $4.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$962,250Pt VII · Sec A
$904,219Pt VII · Sec A
SR VP for Development
$475,388Pt VII · Sec A
VP & CFO
$453,115Pt VII · Sec A
Investment Director
$386,264Pt VII · Sec A
VP & General Counsel
$311,760Pt VII · Sec A
VP for Info Svcs & Analytics
$274,425Pt VII · Sec A
VP for Engagement
$246,826Pt VII · Sec A

Tyson T Voelkel’s $1.3M as President & CEO is at the 83rd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tyson T Voelkel$1,308,356$1,009,689$962,250$661,480$602,504$658,952
Michael D Pia$1,240,963$1,179,960$904,219$518,035$250,114—
John Morris$609,260$178,674————
John a Huser$505,941$465,989$453,115$403,466$341,812$344,676
James J Palincsar——$475,388$422,720$360,083$362,706
Ross Willmann$456,400$428,384$386,264$266,521——
William L Fusselman$337,201$290,113$311,760$275,113$240,951$230,141
Chastity Carrigan$314,478$252,330$236,621———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Texas A&m Foundation 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 15aYes

Programs and updates

Raises and manages philanthropic funds to support faculty teaching, research, and student programs at Texas A&M University.

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Provided by the organization

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3 programs · $158.1M · in their own filed words · FY2022
01

Departmental Support

Provide needed funds to support the university's college, school, institute, center and programmatic departmental needs and activities through both non-endowed funds and funds generated from endowments.

$100.4Mprogram expense
02

Scholarships/Fellowships

Provide financial aid for both undergraduates and graduates with both non-endowed scholarships and funds generated from scholarship endowments.

$45.0Mprogram expense
03

Faculty Support

Provide funding for faculty teaching, research, recruitment and retention with both non-endowed funds and funds generated from endowments.

$12.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
See all 12 funders →
Grants paid · 24 grants · $718.1M · 2019–2024
Texas A&m UniversityFY2024$103,359,632
Texas A&m UniversityFY2024$42,943,045
Texas A&m UniversityFY2024$16,372,296
Texas A&m UniversityFY2024$372,540
Texas A&m UniversityFY2023$79,084,020
Texas A&m UniversityFY2023$37,601,945
Texas A&m UniversityFY2023$11,108,530
Texas A&m UniversityFY2023$448,519
Texas A&m UniversityFY2022$82,739,198
Texas A&m UniversityFY2022$44,467,031
Texas A&m UniversityFY2022$12,626,964
Texas A&m UniversityFY2022$926,643
Texas A&m UniversityFY2021$54,170,268
Texas A&m UniversityFY2021$37,138,680
Texas A&m UniversityFY2021$12,529,339
Texas A&m UniversityFY2021$393,520
Texas A&m UniversityFY2020$48,834,317
Texas A&m UniversityFY2020$34,259,122
See all 24 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$293.3M
Ln 12
Gifts and grantsLn 1h$146.5M
Investment incomeLn 3$142.9M
Other incomeLn 4–11$3.9M
Money outPt IX
$223.6M
Ln 25
Programscol B$159.1M
Managementcol C$39.1M
Fundraisingcol D$25.4M
Owns and owesPt X
$2.8B
net assets · Ln 32
Cash and savingsLn 1–2$69.9M
Total assetsLn 16$3.2B
LiabilitiesLn 26$413.0M
PeoplePt VI, VII
17
listed · VII A
PaidVII A10
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$146.5M
Noncash giftsLn 1g$31.0M
Investment incomeLn 3$142.9M
Other incomeLn 4–11$3.9M
Gains on assetsLn 7$99.3M
Total revenueLn 12$293.3M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$69.9M
Cash and savings togetherLn 1–2$69.9M
InvestmentsLn 11–13$2.93B
Land, buildings, equipmentLn 10c$18.4M
Other assetsLn 15$58.0M
Total assetsLn 16$3.2B
LiabilitiesLn 26$413.0M
Net assetsLn 32$2.8B
OperationsPt I, VI
EmployeesI 5201
VolunteersI 657
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$85.6M$69.9M
InvestmentsLn 11–13$2.78B$2.93B
Land, buildings, equipmentLn 10c$20.2M$18.4M
Total assetsLn 16$3.09B$3.20B
LiabilitiesLn 26$393.6M$413.0M
Net assetsLn 32$2.69B$2.79B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$158.2M$158.2M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$806K$806K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$3.1M$2.2M$863K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$18.7M$5.0M$13.7M
Pension plan contributionsLn 8$2.3M$592K$1.7M
Other employee benefitsLn 9$2.0M$556K$1.4M
Payroll taxesLn 10$1.4M$397K$1.0M
Management feesLn 11a$0
Legal feesLn 11b$59K$22K$37K
Accounting feesLn 11c$240K$240K
Lobbying feesLn 11d$52K$52K
Professional fundraising feesLn 11e$30K$30K
Investment management feesLn 11f$28.1M$28.1M
Other fees for servicesLn 11g$454K$208K$245K
Advertising and promotionLn 12$2.0M$115K$1.9M
Office expensesLn 13$1.2M$212K$959K
Information technologyLn 14$856K$256K$600K
RoyaltiesLn 15$0
OccupancyLn 16$786K$260K$527K
TravelLn 17$876K$259K$617K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$170K$66K$103K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$648K$214K$434K
InsuranceLn 23$190K$85K$106K
Other expenses (24a–d)Ln 24$1.4M$295K$1.1M
Total functional expensesLn 25$223.6M$159.1M$39.1M$25.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $433.9M$241.6M$192.4M$3.3B 990 PDF
FY2024 $338.7M$210.4M$128.3M$3.0B 990 PDF
FY2023 Viewing $293.3M$223.6M$69.7M$2.8B 990 PDF
FY2022 $302.9M$169.1M$133.8M$2.7B 990 PDF
FY2021 $201.3M$149.4M$51.9M$2.7B 990 PDF
FY2020 $282.5M$149.8M$132.7M$2.1B 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 FY2023 990 (6 parts)
Part I · Summary $293,348,517 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $168,069,823$146,530,872
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $132,391,658$142,918,579
I-11 Other revenuePrior year $2,453,358$3,899,066
I-12 Total revenuePrior year $302,914,839$293,348,517
I-13 Grants and similar amounts paidPrior year $105,227,028$159,033,323
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $24,062,112$27,491,280
I-16a Professional fundraising feesPrior year $1,090$30,000
I-17 Other expensesPrior year $39,802,798$37,058,278
I-18 Total expensesPrior year $169,093,028$223,612,881
I-19 Revenue less expensesPrior year $133,821,811$69,735,636
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $293,348,517 across 10 lines filed
VIII-1f All other contributions, gifts and grants$146,530,872
VIII-1g Noncash contributions (included above)$30,958,558
VIII-1h Total contributions, gifts and grants$146,530,872
VIII-3 Investment incomeUnrelated business −$449,896 · Excluded from tax $44,114,384$43,664,488
VIII-5 RoyaltiesExcluded from tax $3,572,427$3,572,427
VIII-6 Net rental income or lossExcluded from tax $6,880$6,880
VIII-7 Net gain or loss on sales of assetsUnrelated business $4,575,580 · Excluded from tax $94,678,511$99,254,091
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $319,759$319,759
VIII-12 Total revenueUnrelated business $4,125,684 · Excluded from tax $142,691,961$293,348,517
Part IX · Statement of functional expenses $223,612,881 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $158,227,435$158,227,435
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $805,888$805,888
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $2,234,999 · Fundraising $862,592$3,097,591
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $5,006,000 · Fundraising $13,730,807$18,736,807
IX-8 Pension plan contributionsManagement $592,393 · Fundraising $1,697,598$2,289,991
IX-9 Other employee benefitsManagement $556,494 · Fundraising $1,398,641$1,955,135
IX-10 Payroll taxesManagement $396,975 · Fundraising $1,014,781$1,411,756
IX-11a Management fees$0
IX-11b Legal feesManagement $21,764 · Fundraising $37,016$58,780
IX-11c Accounting feesManagement $240,269$240,269
IX-11d Lobbying feesPrograms $51,863$51,863
IX-11e Professional fundraising feesFundraising $30,000$30,000
IX-11f Investment management feesManagement $28,091,579$28,091,579
IX-11g Other fees for servicesManagement $208,282 · Fundraising $245,227$453,509
IX-12 Advertising and promotionManagement $115,229 · Fundraising $1,926,726$2,041,955
IX-13 Office expensesManagement $211,786 · Fundraising $959,023$1,170,809
IX-14 Information technologyManagement $255,843 · Fundraising $599,872$855,715
IX-15 Royalties$0
IX-16 OccupancyManagement $259,772 · Fundraising $526,564$786,336
IX-17 TravelManagement $258,988 · Fundraising $617,088$876,076
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $66,496 · Fundraising $103,185$169,681
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $213,979 · Fundraising $434,442$648,421
IX-23 InsuranceManagement $84,608 · Fundraising $105,735$190,343
IX-24 Other expenses (24a–d)Management $295,464 · Fundraising $1,127,478$1,422,942
IX-25 Total functional expensesPrograms $159,085,186 · Management $39,110,920 · Fundraising $25,416,775$223,612,881
Part X · Balance sheet $3,200,806,059 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $85,599,053$69,885,762
X-3 Pledges and grants receivableStart of year $147,781,876$118,787,328
X-4 Accounts receivableStart of year $3,814,204$4,388,086
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $20,213,926$18,354,155
X-11 Publicly traded securitiesStart of year $1,522,928,524$1,322,719,319
X-12 Other securitiesStart of year $1,254,330,383$1,608,714,233
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $51,576,320$57,957,176
X-16 Total assetsStart of year $3,086,244,286$3,200,806,059
X-17 Accounts payable and accrued expensesStart of year $3,077,032$6,015,944
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $390,518,671$406,939,615
X-26 Total liabilitiesStart of year $393,595,703$412,955,559
X-27 Net assets without donor restrictionsStart of year $92,222,150$98,712,175
X-28 Net assets with donor restrictionsStart of year $2,600,426,433$2,689,138,325
X-32 Total net assets or fund balancesStart of year $2,692,648,583$2,787,850,500
X-33 Total liabilities and net assetsStart of year $3,086,244,286$3,200,806,059
Part XI · Reconciliation of net assets $2,787,850,500 net assets at year end
XI-1 Total revenue$293,348,517
XI-2 Total expenses$223,612,881
XI-3 Revenue less expenses$69,735,636
XI-4 Net assets at start of year$2,692,648,583
XI-5 Net unrealized gains (losses) on investments$34,096,452
XI-9 Other changes in net assets−$8,630,171
XI-10 Net assets at end of year$2,787,850,500

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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