The Texas A & M University Commerce Foundation
- Assets
- $38.2m
- Revenue
- $4.3m
- Investments
- $1.0
- Employees
- 0
- Location
- Commerce, TX
- Founding
- 08/1970
- Data as of
- 08/2021
- EIN
- 23-7076930
Organization Overview
The Texas A & M University Commerce Foundation is located in Commerce, TX. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas A & M University Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Texas A & M University Commerce Foundation generated $4.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $8.6m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STUDENT SCHOLARSHIP AWARDS AND UNIVERSITY SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIP AWARDS - TEXAS A&M UNIVERSITY-COMMERCE SCHOLARSHIP AWARDS OF VARYING AMOUNTS TO APPROXIMATELY 1,834 UNIVERSITY STUDENTS CHOSEN BY UNIVERSITY COMMITTEES FOR ACADEMIC ACHIEVEMENTS.
TEXAS A&M UNIVERSITY-COMMERCE OPERATIONAL SUPPORT - FACULTY AND ACADEMIC DEPARTMENT PROGRAM SUPPORT, ALUMNI SUPPORT, ATHLETIC SUPPORT, PRESIDENT'S OPERATING FUNDS, PROJECT SUPPORT, ETC. (12 MONTHS OF THE YEAR).
TEXAS A&M UNIVERSITY-COMMERCE INSTITUTIONAL SUPPORT (12 MONTH OF THE YEAR)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherman K Burns Vice-Chair-Scholarships | Officer | 0.5 | $0 |
Leonard E Merrell Immediate Past Chair | Officer | 0.5 | $0 |
Steven Dawson Vice-Chair - Memberships And Nominating | Officer | 0.5 | $0 |
Mike Cross Vice-Chair - Finance & Audit | Officer | 0.5 | $0 |
Brian J Weast Vice-Chair - Advancement & Fund Raising | Officer | 0.5 | $0 |
Margaret A Oconnor Vice-Chair - Governance | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,550,890 |
| Noncash contributions included in lines 1a–1f | $35,065 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,550,890 |
| Total Program Service Revenue | $0 |
| Investment income | $323,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,633 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,069,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,326,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,157,738 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,119 |
| All other expenses | $0 |
| Total functional expenses | $8,553,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,771 |
| Pledges and grants receivable | $1,035,431 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,999,925 |
| Total assets | $38,245,128 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $38,245,128 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,245,128 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that The Texas A & M University Commerce Foundation has recieved totaling $1,207,454.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $575,000 |
Greater Texas Foundation Bryan, TX PURPOSE: TO SUPPORT INCREASED BACHELORS DEGREE COMPLETION BY IMPLEMENTING COMPETENCY-BASED EDUCATION. | $468,120 |
The Salopek Foundation Las Cruces, NM PURPOSE: RESEARCH PROGRAMS IN THE COLLEGE OF AGRICULTURE & LIFE SCIENCES | $50,000 |
Naderkhani Family Foundation Reston, VA PURPOSE: SUPPORT FOR UNIVERSITY PROGRAMS AND SCHOLARSHIPS | $37,000 |
Kate Sidran Family Foundation Oakland, CA PURPOSE: SOCIAL WORK EXCELLENCE FUND | $22,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,250 |
Endowment Analysis
| Beg. Balance | $28,110,149 |
| Earnings | $1,629,503 |
| Net Contributions | $7,227,830 |
| Ending Balance | $36,967,482 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |