Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1950.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
98 cents of each dollar spent went to programs.
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
37 people listed on the 990.
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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
Accepts, invests, and distributes private donations and scholarships to support the programs, activities, and growth of the Texas Tech University System.
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The organization was founded to function as a conduit for the acceptance, investment, and distribution of private gifts given for the activities and programs related to the mission, role, and scope of the texas tech university system.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.7M | $2.9M |
| InvestmentsLn 11–13 | $757.2M | $774.5M |
| Land, buildings, equipmentLn 10c | $853K | $428K |
| Total assetsLn 16 | $840.9M | $849.6M |
| LiabilitiesLn 26 | $5.3M | $4.2M |
| Net assetsLn 32 | $835.6M | $845.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $95.0M | $95.0M | ||
| Grants to domestic individualsLn 2 | $8K | $8K | ||
| Legal feesLn 11b | $183 | $183 | ||
| Accounting feesLn 11c | $82K | $82K | ||
| Lobbying feesLn 11d | $180K | $180K | ||
| Other fees for servicesLn 11g | $167K | $167K | ||
| Advertising and promotionLn 12 | $262K | $22K | $240K | |
| Office expensesLn 13 | $202K | $190K | $13K | |
| Information technologyLn 14 | $112K | $112K | ||
| TravelLn 17 | $51K | $49K | $2K | |
| Conferences, conventions and meetingsLn 19 | $7K | $7K | ||
| InsuranceLn 23 | $229K | $229K | ||
| Other expenses (24a–d)Ln 24 | $467K | $467K | ||
| All other expensesLn 24e | $8K | $8K | ||
| Total functional expensesLn 25 | $96.8M | $95.0M | $1.5M | $262K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $92.7M | $122.8M | −$30.1M | $933.0M | 990 PDF |
| FY2023 | $110.1M | $97.0M | $13.1M | $885.6M | 990 PDF |
| FY2022 Viewing | $125.3M | $96.8M | $28.5M | $845.4M | 990 PDF |
| FY2021 | $55.3M | $106.1M | −$50.8M | $835.6M | 990 PDF |
| FY2020 | $81.1M | $70.2M | $10.8M | $711.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $125,336,972 revenue, 12 lines filed
Part VI · Governance 35 of 35 board members independent, 1 to look at
Part VIII · Statement of revenue $125,336,972 across 10 lines filed
Part IX · Statement of functional expenses $96,813,130 across 14 lines filed
Part X · Balance sheet $849,587,948 assets, 16 lines filed
Part XI · Reconciliation of net assets $845,364,700 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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