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The 2033 Higher Education Development FY2023 filing

Tax-deductible

Austin, TX501(c)(3)Since 2017EducationEIN 82-3699790Revenue $922K in FY2023

On file with the IRS1300 Red River St Unit 510, 78701-1984 · Austin, TXTax-exempt since Jun 2025Supporting org, Type I — 509(a)(3)

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To Support The University of Texas at Austin

501(c)(3) charity; gifts are tax-deductible.
2¢ 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
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 5
filings with a surplus
Average surplus $483K a year · 21% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
2%
of spending
Concern: 2% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
260 mo
of spending, in cash
Looks good: 260.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.3M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$261.1M
99% of total assets
Concern: liabilities are 99% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$922K
+35% vs prior year
Spent
$20K
To programs
2%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$922K
FY2023▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$50K
FY2022$682K
FY2023$922K
FY2024$10.0M
Expenses
$20K
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$16K
FY2021$17K
FY2022$17K
FY2023$20K
FY2024$9.2M
Net assets
$1.9M
FY2023▲ +87%
Tap a bar for its year
Net assets by fiscal year
FY2020$335K
FY2021$368K
FY2022$1.0M
FY2023$1.9M
FY2024$2.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
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 Jun 2025.

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

Where the money goes

2 cents of each dollar spent went to programs.

Program services 2% · $340 Management & general 98% · $20K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Jeremy Smitheal
Vice President
$0Pt VII · Sec A
Nancy Oakley
Secretary/Treasurer
$0Pt VII · Sec A
James Davis
Director (as of Sept. 2023)
$0Pt VII · Sec A
David Slesnick
Director (as of Sept. 2023)
$0Pt VII · Sec A

Ross Wilson’s $183K as Executive Director is at the 78th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See The 2033 Higher Education Development 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 the University of Texas at Austin.

Questions for The 2033 Higher Education Development

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Provided by the organization

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1 program · $340 · in their own filed words · FY2023
01

Support ut austin through participating in certain transactions, including securing a long term ground lease and development of property adjacent to the ut austin dell medical school to enable the expansion of the medical school.

$340program expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$1.3M
Total grants receivedfrom 1 funder$1.3M

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$922K
Ln 12
Other incomeLn 4–11$919K
Investment incomeLn 3$3K
Money outPt IX
$20K
Ln 25
Programscol B$340
Managementcol C$20K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$440K
Total assetsLn 16$263.0M
LiabilitiesLn 26$261.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$3K
Other incomeLn 4–11$919K
Gains on assetsLn 7$3K
Total revenueLn 12$922K
Assets in detailPt X, end of year
CashLn 1$440K
Cash and savings togetherLn 1–2$440K
Land, buildings, equipmentLn 10c$188.1M
Other assetsLn 15$68.3M
Total assetsLn 16$263.0M
LiabilitiesLn 26$261.1M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$881K$440K
Land, buildings, equipmentLn 10c$136.0M$188.1M
Total assetsLn 16$210.3M$263.0M
LiabilitiesLn 26$209.3M$261.1M
Net assetsLn 32$1.0M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$340$340
Total functional expensesLn 25$20K$340$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $10.0M$9.2M$833K$2.8M 990 PDF
FY2023 Viewing $922K$20K$902K$1.9M 990 PDF
FY2022 $682K$17K$665K$1.0M 990 PDF
FY2021 $50K$17K$33K$368K 990 PDF
FY2020 $0$16K−$16K$335K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $922,413 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,595$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$3,131
I-11 Other revenuePrior year $581,471$919,282
I-12 Total revenuePrior year $682,066$922,413
I-13 Grants and similar amounts paidPrior year $0$0
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 $17,355$20,322
I-18 Total expensesPrior year $17,355$20,322
I-19 Revenue less expensesPrior year $664,711$902,091
Part VI · Governance 2 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $922,413 across 4 lines filed
VIII-6 Net rental income or lossRelated to mission $759,282$759,282
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,131$3,131
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $160,000$160,000
VIII-12 Total revenueRelated to mission $919,282 · Unrelated business $0 · Excluded from tax $3,131$922,413
Part IX · Statement of functional expenses $20,322 across 2 lines filed
IX-23 InsuranceManagement $19,982$19,982
IX-24 Other expenses (24a–d)Programs $340$340
IX-25 Total functional expensesPrograms $340 · Management $19,982 · Fundraising $0$20,322
Part X · Balance sheet $263,049,432 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $880,668$440,413
X-4 Accounts receivableStart of year $29,111$29,111
X-9 Prepaid expenses and deferred chargesStart of year $3,115,396$6,198,821
X-10c Land, buildings and equipment, netStart of year $136,049,157$188,072,549
X-15 Other assetsStart of year $70,257,576$68,308,538
X-16 Total assetsStart of year $210,331,908$263,049,432
X-17 Accounts payable and accrued expensesStart of year $1,341,842$5,433,520
X-19 Deferred revenueStart of year $111,778,771$108,447,290
X-24 Unsecured notes and loans payableStart of year $378,386$117,000
X-25 Other liabilitiesStart of year $73,412,898$74,587,302
X-26 Total liabilitiesStart of year $209,299,226$261,114,659
X-27 Net assets without donor restrictionsStart of year $1,032,682$1,934,773
X-32 Total net assets or fund balancesStart of year $1,032,682$1,934,773
X-33 Total liabilities and net assetsStart of year $210,331,908$263,049,432
Part XI · Reconciliation of net assets $1,934,773 net assets at year end
XI-1 Total revenue$922,413
XI-2 Total expenses$20,322
XI-3 Revenue less expenses$902,091
XI-4 Net assets at start of year$1,032,682
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,934,773

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

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