Texas A & M University 12th Man Foundation
- Assets
- $288.0m
- Revenue
- $142.1m
- Investments
- $136.9m
- Employees
- 262
- Location
- College Station, TX
- Founding
- 09/1952
- Data as of
- 06/2022
- EIN
- 74-1185725
Organization Overview
Texas A & M University 12th Man Foundation is located in College Station, TX. The organization was established in 1952. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Texas A & M University 12th Man Foundation employed 262 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas A & M University 12th Man 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 06/2022, Texas A & M University 12th Man Foundation generated $142.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $62.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE 12TH MAN FOUNDATION'S MISSION IS TO FUND SCHOLARSHIPS, PROGRAMS AND FACILITIES IN SUPPORT OF CHAMPIONSHIP ATHLETICS AT TEXAS A&M.
Describe the Organization's Program Activity:
CONTRIBUTIONS MADE TO OR FOR THE BENEFIT OF TEXAS A&M UNIVERSITY TO PROVIDE SCHOLARSHIPS TO STUDENT ATHLETES AND ADDITIONAL SUPPORT FOR PROGRAMS AND FACILITIES.
THE 12TH MAN FOUNDATION SERVES AS THE OFFICIAL TICKET PROVIDER FOR TEXAS A&M ATHLETICS. IN ADDITION, THE FOUNDATION PROVIDES INDUSTRY-LEADING SERVICE FOR EXISTING AND PROSPECTIVE DONORS. ALL COSTS ASSOCIATED WITH TICKET OPERATIONS AND PREMIUM SERVICES ARE CONSIDERED PROGRAM SERVICE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Dabney President, Ceo, Ex-Officio | Officer | 40 | $365,579 |
Walter Bullard SVP Of Major Giving Programs | Officer | 40 | $200,862 |
Brian Bishop VP Of Major Gifts | 40 | $189,202 | |
Jacob Green VP Of Principal Gifts | Officer | 40 | $176,250 |
Kathleen Curnutt SVP Of Finance | Officer | 40 | $162,503 |
Michael Solomon SVP Of Annual Fund & Donor Ser | Officer | 40 | $167,380 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paciolan Inc Software Services | 6/29/22 | $358,530 |
Consolidated Printing Printing Services | 6/29/22 | $230,782 |
Covenant Technology Services Consulting Services | 6/29/22 | $183,913 |
Learfield Communications Llc Advertising | 6/29/22 | $153,000 |
Ssb Consulting Group Llc Software Services | 6/29/22 | $118,000 |
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 | $135,186,825 |
| Noncash contributions included in lines 1a–1f | $7,747,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,186,825 |
| Total Program Service Revenue | $2,554,500 |
| Investment income | $175,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,007,618 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,071,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,750,522 |
| 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. | $1,651,110 |
| Compensation of current officers, directors, key employees. | $822,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,080,608 |
| Pension plan accruals and contributions | $310,252 |
| Other employee benefits | $269,440 |
| Payroll taxes | $315,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,952 |
| Fees for services: Accounting | $70,306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $791,112 |
| Fees for services: Other | $245,267 |
| Advertising and promotion | $774,066 |
| Office expenses | $318,818 |
| Information technology | $815,608 |
| Royalties | $0 |
| Occupancy | $36,681 |
| Travel | $261,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $362,762 |
| Insurance | $239,355 |
| All other expenses | $1,304,860 |
| Total functional expenses | $62,028,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,708,367 |
| Pledges and grants receivable | $74,255,453 |
| Accounts receivable, net | $795,989 |
| 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 | $373,503 |
| Net Land, buildings, and equipment | $2,988,380 |
| Investments—publicly traded securities | $13,932,806 |
| Investments—other securities | $136,887,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,000 |
| Total assets | $287,973,994 |
| Accounts payable and accrued expenses | $706,548 |
| Grants payable | $0 |
| Deferred revenue | $47,774,831 |
| 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 | $48,481,379 |
| Net assets without donor restrictions | -$8,007,250 |
| Net assets with donor restrictions | $247,499,865 |
| 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 | $287,973,994 |