The Tejas Foundation FY2023 filing

Not tax-deductible

Austin, TX501(c)(7)EducationEIN 74-6062730Revenue $170K in FY2023

On file with the IRSPo Box 627, 78767-0627 · Austin, TXTax-exempt since Jan 2024

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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.

10¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $177K a year · 83% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
10%
of spending
Concern: 10% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 26.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$41K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$170K
Spent
$30K
To programs
10%
Net assets
$942K
By yearFY2023–FY2024
Revenue
$170K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$170K
FY2024$257K
Expenses
$30K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$30K
FY2024$43K
Net assets
$942K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$942K
FY2024$1.2M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2010-08-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jan 2024.

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

Where the money goes

10 cents of each dollar spent went to programs.

Program services 10% · $3K Management & general 82% · $25K Fundraising 8% · $2K

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

25 people listed on the 990.

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
Past President
$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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports alumni and leases property to the University of Texas Tejas Club.

Questions for The Tejas Foundation

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Provided by the organization

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1 program · in their own filed words · FY2023
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.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$170K
Ln 12
Gifts and grantsLn 1h$121K
Investment incomeLn 3$89K
Fees for servicesLn 2g$2K
Money outPt IX
$30K
Ln 25
Programscol B$3K
Managementcol C$25K
Fundraisingcol D$2K
Owns and owesPt X
$942K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$983K
LiabilitiesLn 26$41K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$121K
Fees for servicesLn 2g$2K
Investment incomeLn 3$89K
Gains on assetsLn 7$0
Total revenueLn 12$170K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$0
Cash and savings togetherLn 1–2$68K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$162K
Other assetsLn 15$753K
Total assetsLn 16$983K
LiabilitiesLn 26$41K
Net assetsLn 32$942K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$115K$68K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$36K$162K
Total assetsLn 16$798K$983K
LiabilitiesLn 26$50K$41K
Net assetsLn 32$748K$942K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$14K$14K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$15K$3K$9K$2K
All other expensesLn 24e$366$366
Total functional expensesLn 25$30K$3K$25K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $257K$43K$213K$1.2M 990 PDF
FY2023 Viewing $170K$30K$140K$942K 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 $170,454 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $108,620$120,659
I-9 Program service revenuePrior year $36,650$2,090
I-10 Investment incomePrior year −$50,724$89,430
I-11 Other revenuePrior year −$89,963−$41,725
I-12 Total revenuePrior year $4,583$170,454
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 $66,726$30,229
I-18 Total expensesPrior year $66,726$30,229
I-19 Revenue less expensesPrior year −$62,143$140,225
Part VI · Governance 25 of 25 board members independent, 5 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $170,454 across 10 lines filed
VIII-1b Membership dues$45,979
VIII-1f All other contributions, gifts and grants$74,680
VIII-1h Total contributions, gifts and grants$120,659
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,090$2,090
VIII-3 Investment incomeExcluded from tax $89,430$89,430
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax −$41,725−$41,725
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,090 · Excluded from tax $47,705$170,454
Part IX · Statement of functional expenses $30,229 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $13,750$13,750
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,475$1,475
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $3,028 · Management $9,160 · Fundraising $2,450$14,638
IX-24e All other expensesManagement $366$366
IX-25 Total functional expensesPrograms $3,028 · Management $24,751 · Fundraising $2,450$30,229
Part X · Balance sheet $982,845 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $114,717$67,505
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $35,718$162,112
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $647,671$753,228
X-16 Total assetsStart of year $798,106$982,845
X-17 Accounts payable and accrued expensesStart of year $28,331$19,391
X-26 Total liabilitiesStart of year $49,741$40,801
X-27 Net assets without donor restrictionsStart of year $100,403$204,908
X-28 Net assets with donor restrictionsStart of year $647,962$737,136
X-32 Total net assets or fund balancesStart of year $748,365$942,044
X-33 Total liabilities and net assetsStart of year $798,106$982,845
Part XI · Reconciliation of net assets $942,044 net assets at year end
XI-1 Total revenue$170,454
XI-2 Total expenses$30,229
XI-3 Revenue less expenses$140,225
XI-4 Net assets at start of year$748,365
XI-8 Prior period adjustments$53,454
XI-10 Net assets at end of year$942,044

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

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