University Of Texas Foundation No 2 Inc
- Assets
- $164.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/1972
- Data as of
- 12/2023
- EIN
- 74-6173027
Organization Overview
University Of Texas Foundation No 2 Inc is located in Austin, TX. The organization was established in 1972. 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. University Of Texas Foundation No 2 Inc 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 12/2023, University Of Texas Foundation No 2 Inc generated $15.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $22.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (20.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DISTRIBUTION FOR THE ULTIMATE BENEFIT OF THE UNIVERSITY OF TEXS SYSTEM ENDOWMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hector DE Leon President | 1 | $0 | |
Shannon Ratliff VP And Secretary | 1 | $0 | |
Mike Cook VP And Treasurer | 1 | $0 | |
Sheri Despain Executive Director And CFO | 1 | $0 | |
Bruce Rideaux Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,299 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,697 |
| Total Revenue | $14,996 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,605 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,080 |
| Total expenses | $22,685 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,861 |
| Other assets | $0 |
| Total assets | $164,001 |
| Total liabilities | $0 |
| Net assets or fund balances | $164,001 |