William C Conner Foundation FY2023 filing

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The Foundation is an investment fund for which investment decisions are recommended by students of TCU. In this way the students expand their knowledge of financial analysis. Each year the Foundation donates 2.5% of its investment holdings to texas christian university (50%) and 2.5% to the baylor university school of medicine (50%). Totaling 5% of securities held as of prior year-end.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-6036724) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $48K a year · 31% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
24.9 mo
of spending, in cash
Plus $1.7M in investments, Pt X · Ln 11–13
24.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18
<0.01% of total assets
Liabilities are 0.01% of assets.
Pt X · Ln 26
Independent board members
4
of 6 voting members
4 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$119K
-10% vs prior year
Spent
$100K
To programs
81%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$119K
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$95K
FY2021$198K
FY2022$132K
FY2023$119K
FY2024$234K
Expenses
$100K
FY2023▼ -25%
Tap a bar for its year
Expenses by fiscal year
FY2020$90K
FY2021$103K
FY2022$133K
FY2023$100K
FY2024$114K
Net assets
$1.9M
FY2023▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.2M
FY2022$1.6M
FY2023$1.9M
FY2024$2.1M

From the FY2023 Form 990 · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1964.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $81K Management & general 19% · $18K

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

7 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
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See William C Conner Foundation executive salaries →

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

Invests funds based on student recommendations, donating profits to universities.

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1 program · $81K · in their own filed words · FY2023
01

Annual distributions to texas christian university (50%) and to baylor university school of medicine (50%), totaling 5% of securities held as of prior year-end.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-6036724) · Dispute this line
$81Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $458K · 2020–2024
Baylor College of MedicineTX · FY2024$47,057
Texas Christian UniversityTX · FY2024$47,056
Baylor College of MedicineTX · FY2023$40,679
Texas Christian UniversityTX · FY2023$40,679
Texas Christian UniversityTX · FY2022$54,452
Baylor College of MedicineTX · FY2022$54,451
Texas Christian UniversityTX · FY2021$45,956
Baylor College of MedicineTX · FY2021$45,955
Baylor College of MedicineTX · FY2020$40,669
Texas Christian UniversityTX · FY2020$40,669

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$119K
Ln 12
Other incomeLn 4–11$85K
Investment incomeLn 3$33K
Money outPt IX
$100K
Ln 25
Programscol B$81K
Managementcol C$18K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$207K
Total assetsLn 16$1.9M
LiabilitiesLn 26$18
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$33K
Other incomeLn 4–11$85K
Gains on assetsLn 7$82K
Total revenueLn 12$119K
Assets in detailPt X, end of year
SavingsLn 2$207K
Cash and savings togetherLn 1–2$207K
InvestmentsLn 11–13$1.7M
Total assetsLn 16$1.9M
LiabilitiesLn 26$18
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$152K$207K
InvestmentsLn 11–13$1.5M$1.7M
Total assetsLn 16$1.6M$1.9M
LiabilitiesLn 26$25$18
Net assetsLn 32$1.6M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$81K$81K
Accounting feesLn 11c$13K$13K
Office expensesLn 13$6K$6K
Total functional expensesLn 25$100K$81K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 18, 2025 $234K$114K$120K$2.1M 990 PDF
FY2023 ViewingFiled with the IRS Nov 13, 2024 $119K$100K$19K$1.9M 990 PDF
FY2022Filed with the IRS Nov 12, 2023 $132K$133K−$2K$1.6M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $198K$103K$96K$2.2M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $95K$90K$5K$1.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $118,736 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $131,748$114,990
I-11 Other revenuePrior year $0$3,746
I-12 Total revenuePrior year $131,748$118,736
I-13 Grants and similar amounts paidPrior year $108,903$81,358
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $24,371$18,500
I-18 Total expensesPrior year $133,274$99,858
I-19 Revenue less expensesPrior year −$1,526$18,878
Part VI · Governance 4 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $118,736 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $33,345$33,345
VIII-7 Net gain or loss on sales of assetsExcluded from tax $81,645$81,645
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,746$3,746
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $118,736$118,736
Part IX · Statement of functional expenses $99,858 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $81,358$81,358
IX-11c Accounting feesManagement $12,936$12,936
IX-13 Office expensesManagement $5,564$5,564
IX-25 Total functional expensesPrograms $81,358 · Management $18,500 · Fundraising $0$99,858
Part X · Balance sheet $1,882,264 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $151,799$207,064
X-12 Other securitiesStart of year $1,475,370$1,675,200
X-16 Total assetsStart of year $1,627,169$1,882,264
X-17 Accounts payable and accrued expensesStart of year $25$18
X-26 Total liabilitiesStart of year $25$18
X-27 Net assets without donor restrictionsStart of year $1,545,786$1,788,133
X-28 Net assets with donor restrictionsStart of year $81,358$94,113
X-32 Total net assets or fund balancesStart of year $1,627,144$1,882,246
X-33 Total liabilities and net assetsStart of year $1,627,169$1,882,264
Part XI · Reconciliation of net assets $1,882,246 net assets at year end
XI-1 Total revenue$118,736
XI-2 Total expenses$99,858
XI-3 Revenue less expenses$18,878
XI-4 Net assets at start of year$1,627,144
XI-5 Net unrealized gains (losses) on investments$236,224
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,882,246

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

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