The Tejas Foundation

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EIN 74-6062730 Mutual-benefit / member-serving Austin, TX NTEE B83
Form 990 (PDF)

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Revenue & expenses by yearFY2023–FY2024
Revenue
$257K
FY2024▲ +50%
Expenses
$43K
FY2024▲ +43%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Supports alumni and leases property to the University of Texas Tejas Club. For fiscal year 2024 it reported $257K in revenue, $43K in expenses, and $1.2M in net assets.Pt I

Type
Mutual-benefit / member-serving · Education
Location
Austin, TX
Filings
2 on file (2023–2024)
Revenue
$257KFY2024
Expenses
$43K
Net assets
$1.2M
People
25
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Provided by the organization

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Size
$100K–1M
What they do
Supports alumni and leases property to the University of Texas Tejas Club.
Leadership
Brett Lester · Trustee
Money in and out
$257K revenue, $43K expenses
Bottom line
+83% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A social or recreational club.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

Yes — exemption reinstated (2010-08-15)

The IRS auto-revocation list shows this EIN's exemption reinstated. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

CRITICAL

31% to programs

31% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +50% vs prior year

Revenue band $100K–1M, +50% versus the prior filing year (up). See detail →

Reported financial activity · FY2024
Total revenue
$257K
Pt VIII · Ln 12
Total expenses
$43K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $213K
Where spending went · Part IX cols B–D
Program services $0.31 Management & general $0.68 Fundraising $0.00
Surplus margin
+83%
revenue over expenses, this year▲ +1% vs prior filing year
Program spending
31%
of expenses reach programs▲ +212% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.2M
FY2024▲ +22%
Total liabilities
$41K
FY2024+0.2%
Revenue less expensesPt I · Ln 19$213K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B31%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThe Tejas Foundation
EINHdr · item D74-6062730
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFEducation (B83)
Ruling yearIRS BMFJan 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Tejas Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $96K of program spending, described in the organization's own filed words · FY2024.
01

The Tejas Foundation is a nonprofit corporation created for the purposes of (1) acting as a social organization for the alumni of the University of Texas Tejas Club, (2) owning real and personal property, (3) and leasing such real and personal property to the University of Texas Tejas Club.

$96Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$124K · 48%
Program service revenue$114K · 45%
Investment income$58K · 23%
Contributions & grants48%$124K
Program service revenue45%$114K
Investment income23%$58K
Total revenueLn 12$257K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.31 Management & general $0.68 Fundraising $0.00
Program services31%$14K
Management & general68%$30K
Fundraising$150
Total functional expensesLn 25$43K

Balance Sheet

Part X · end of year
CashLn 1$329K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$41K
Total net assetsLn 32$1.2M
Months of cash on handcomputed91.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $329K · Operating expenses/yr $43K
91.4 months
Where the money goes
Program services
Program services $14K · Total expenses $43K
31%
Management & General
Management & general $30K · Total expenses $43K
68%
Fundraising
Fundraising $150 · Total expenses $43K
0.3%
Cost to raise $1
Fundraising expense (2-yr avg) $1K · Solicited contributions (2-yr avg) $122K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $124K · Total revenue $257K
48%
Government reliance
Government grants — · Total revenue $257K
—
Earned-income share
Program service revenue $114K · Total revenue $257K
45%
Investment reliance
Investment income $58K · Total revenue $257K
+23%
Program self-sufficiency
Program service revenue $114K · Total expenses $43K
264%
Growth & trend
Revenue growth (YoY)
This year $257K · Prior year $170K
+50%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $257K · Expenses $43K
+83%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Brett Lester · Reported title Trustee · Highest reported compensation $0 · Total expenses $43K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $43K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 31%——
Overhead ratio 68%——
Fundraising cost ratio 0.1%——
Revenue growth 50%——
Investment management fee ratio 0%——
Legal fee ratio 31%——
Accounting fee ratio 23%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$257K revenue · viewing · ⤓ 990 PDF
FY2023$170K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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