Texas A & M University 12th Man Foundation
- Assets
- $205.3m
- Revenue
- $55.9m
- Investments
- $114.6m
- Employees
- 188
- Location
- College Station, TX
- Founding
- 09/1952
- Data as of
- 06/2020
- 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 06/2021, Texas A & M University 12th Man Foundation employed 188 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 06/2020, Texas A & M University 12th Man Foundation generated $55.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $89.5m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 years. 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
2020
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:
Part 3 - Line 4a
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 | $324,368 |
Randel Howard SVP - Finance | Officer | 40 | $199,119 |
Brian Bishop VP Of Major Gifts | Officer | 40 | $176,510 |
Walter Bullard SVP Of Major Giving Programs | Officer | 40 | $176,405 |
Jacob Green VP Of Principal Gifts | Officer | 40 | $164,207 |
Carole Dollins SVP Of Ticketing | 40 | $148,670 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paciolan Inc Software Services | 6/29/21 | $329,589 |
Bissinger Oshman Williams Strasb Legal Services | 6/29/21 | $104,588 |
Norton Rose Fulbright Legal Services | 6/29/21 | $616,763 |
Covenant Technology Services Consulting Services | 6/29/21 | $177,059 |
Consolidated Printing Inc Printing Services | 6/29/21 | $139,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,938,102 |
| Investment income | $272,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,409,374 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,896,745 |
| Statement of Expenses | |
|---|---|
| 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. | $1,371,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,967,870 |
| Pension plan accruals and contributions | $370,226 |
| Other employee benefits | $269,352 |
| Payroll taxes | $281,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $527,352 |
| Fees for services: Accounting | $107,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $557,282 |
| Fees for services: Other | $196,102 |
| Advertising and promotion | $936,321 |
| Office expenses | $156,489 |
| Information technology | $979,621 |
| Royalties | $0 |
| Occupancy | $82,020 |
| Travel | $129,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,992 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,745 |
| Insurance | $79,482 |
| All other expenses | $0 |
| Total functional expenses | $89,520,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,229,864 |
| Pledges and grants receivable | $37,261,612 |
| Accounts receivable, net | $784,974 |
| 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 | $142,266 |
| Investments—publicly traded securities | $34,870,571 |
| Investments—other securities | $114,626,427 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,000 |
| Total assets | $205,287,780 |
| Accounts payable and accrued expenses | $602,169 |
| Grants payable | $0 |
| Deferred revenue | $42,002,431 |
| 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 | $42,604,600 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $162,683,180 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Texas A & M University 12th Man Foundation has recieved totaling $3,869,900.
| Awarding Organization | Amount |
|---|---|
Artie And Dorothy Mcferrin Foundation Humble, TX PURPOSE: EDUCATIONAL | $2,511,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $740,250 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $213,451 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $122,663 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $122,663 |
Halliburton Foundation Inc Houston, TX PURPOSE: EDUCATION | $28,845 |
Endowment Analysis
| Beg. Balance | $93,292,202 |
| Earnings | $29,280,022 |
| Admin Expense | $528,860 |
| Net Contributions | $3,990,162 |
| Grants | $9,838,621 |
| Ending Balance | $116,194,905 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |