Tarleton State University Foundation INC

Tax-deductible

Stephenville, TX501(c)(3)Since 1978Colleges & UniversitiesEIN 75-2331886

Financial support for tarleton state university and scholarships for students attending the university

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 24 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
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
4 of 4
filings with a surplus
Average surplus $6.4M a year · 67% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.7M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.6M
+60% vs prior year
Spent
$5.3M
To programs
80%
Net assets
$74.0M
By yearFY2021–FY2024
Revenue
$22.6M
FY2024▲ +60%
Revenue by fiscal year
FY2021$4.9M
FY2022$4.4M
FY2023$15.0M
FY2024$14.1M
FY2024$22.6M
Expenses
$5.3M
FY2024▼ -17%
Expenses by fiscal year
FY2021$1.2M
FY2022$1.6M
FY2023$3.7M
FY2024$6.4M
FY2024$5.3M
Net assets
$74.0M
FY2024▲ +36%
Net assets by fiscal year
FY2021$31.7M
FY2022$28.6M
FY2023$41.6M
FY2024$54.5M
FY2024$74.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1990.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $4.2M Management & general 20% · $1.1M

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

Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tarleton State University Foundation INC 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

Provides financial support and scholarships for students attending Tarleton State University.

Provided by the organization

This section is blank until Tarleton State University Foundation INC claims this page.

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2 program services account for $4.2M of program spending, described in the organization's own filed words · FY2024.
01

Support for various departments and programs of tarleton state university

$2.6Mprogram expense
02

Scholarships for students attending tarleton state university

$1.7Mprogram expense

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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
Total grants receivedfrom 1 funder$22K
Grants paid · 5 grants · $8.5M · 2020–2024
Tarleton State UniversityFY2024$2,558,540
Tarleton State UniversityFY2023$4,060,808
Tarleton State UniversityFY2022$989,545
Tarleton State UniversityFY2021$518,687
Tarleton State UniversityFY2020$335,530

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$22.6M
Ln 12
Gifts and grantsLn 1h$18.5M
Investment incomeLn 3$4.0M
Other incomeLn 4–11$204K
Money outPt IX
$5.3M
Ln 25
Programscol B$4.2M
Managementcol C$1.1M
Owns and owesPt X
$74.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$80.6M
LiabilitiesLn 26$6.7M
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.5M
Noncash giftsLn 1g$66K
Investment incomeLn 3$4.0M
Other incomeLn 4–11$204K
Gains on assetsLn 7$2.3M
Total revenueLn 12$22.6M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$67.3M
Other assetsLn 15$593K
Total assetsLn 16$80.6M
LiabilitiesLn 26$6.7M
Net assetsLn 32$74.0M
OperationsPt I, VI
EmployeesI 51
VolunteersI 624
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 FY24End FY24
Cash and savingsLn 1–2$1.4M$2.5M
InvestmentsLn 11–13$57.7M$67.3M
Total assetsLn 16$60.6M$80.6M
LiabilitiesLn 26$6.2M$6.7M
Net assetsLn 32$54.5M$74.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.2M$4.2M
Other salaries and wagesLn 7$66K$66K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$17K$17K
Investment management feesLn 11f$172K$172K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$4K$4K
OccupancyLn 16$7K$7K
Conferences, conventions and meetingsLn 19$50$50
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$749K$749K
All other expensesLn 24e$32K$32K
Total functional expensesLn 25$5.3M$4.2M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $14.1M$6.4M$7.8M$54.5M 990 PDF
FY2023 $15.0M$3.7M$11.3M$41.6M 990 PDF
FY2022 $4.4M$1.6M$2.8M$28.6M 990 PDF
FY2021 $4.9M$1.2M$3.7M$31.7M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $22,632,274 across 7 lines filed
VIII-1f All other contributions, gifts and grants$18,473,637
VIII-1g Noncash contributions (included above)$65,976
VIII-1h Total contributions, gifts and grants$18,473,637
VIII-3 Investment incomeExcluded from tax $1,620,067$1,620,067
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,334,605$2,334,605
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $203,965$203,965
VIII-12 Total revenueRelated to mission $2,334,605 · Excluded from tax $1,824,032$22,632,274
Part IX · Statement of functional expenses $5,290,366 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $4,229,587$4,229,587
IX-7 Other salaries and wagesManagement $66,164$66,164
IX-10 Payroll taxesManagement $4,980$4,980
IX-11c Accounting feesManagement $16,550$16,550
IX-11f Investment management feesManagement $171,939$171,939
IX-11g Other fees for servicesManagement $6,233$6,233
IX-13 Office expensesManagement $3,705$3,705
IX-16 OccupancyManagement $7,400$7,400
IX-19 Conferences, conventions and meetingsManagement $50$50
IX-23 InsuranceManagement $2,809$2,809
IX-24 Other expenses (24a–d)Management $749,219$749,219
IX-24e All other expensesManagement $31,730$31,730
IX-25 Total functional expensesPrograms $4,229,587 · Management $1,060,779 · Fundraising $0$5,290,366
Part X · Balance sheet $80,625,347 assets, 14 lines filed
Asset lines not itemized here account for $5,383; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $698,103$1,183,784
X-2 Savings and temporary cash investmentsStart of year $688,322$1,352,019
X-3 Pledges and grants receivableStart of year $922,927$10,187,543
X-9 Prepaid expenses and deferred chargesStart of year $19,288$24,166
X-11 Publicly traded securitiesStart of year $57,747,175$67,279,757
X-15 Other assetsStart of year $536,718$592,695
X-16 Total assetsStart of year $60,617,916$80,625,347
X-17 Accounts payable and accrued expensesStart of year $706,131$1,212,036
X-25 Other liabilitiesStart of year $5,456,259$5,460,524
X-26 Total liabilitiesStart of year $6,162,390$6,672,560
X-27 Net assets without donor restrictionsStart of year $4,954,003$5,431,180
X-28 Net assets with donor restrictionsStart of year $49,501,523$68,521,607
X-32 Total net assets or fund balancesStart of year $54,455,526$73,952,787
X-33 Total liabilities and net assetsStart of year $60,617,916$80,625,347
Part XI · Reconciliation of net assets $73,952,787 net assets at year end
XI-1 Total revenue$22,632,274
XI-2 Total expenses$5,290,366
XI-3 Revenue less expenses$17,341,908
XI-4 Net assets at start of year$54,455,526
XI-5 Net unrealized gains (losses) on investments$2,155,353
XI-10 Net assets at end of year$73,952,787

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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