Texas Christian University
- Assets
- $3.5b
- Revenue
- $895.1m
- Investments
- $1.2b
- Employees
- 6,229
- Location
- Fort Worth, TX
- Founding
- 03/1935
- Data as of
- 05/2020
- EIN
- 75-0827465
Organization Overview
Texas Christian University is located in Fort Worth, TX. The organization was established in 1935. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2020, Texas Christian University employed 6,229 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 05/2020, Texas Christian University generated $895.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $807.1m during the year ending 05/2020. While expenses have increased by 5.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES TEN MAJOR ACADEMIC UNITS. INSTRUCTION IS FOR 11,024 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Linbeck Group Llc Construction Srvs | 5/30/20 | $26,691,409 |
Sodexo Inc & Affiliates Dining Services | 5/30/20 | $21,588,611 |
Turner Construction Company Construction Srvs | 5/30/20 | $64,620,229 |
Hc Beck Ltd Construction & Architecture Srvs | 5/30/20 | $23,981,929 |
Vaughn Construction Group Construction Srvs | 5/30/20 | $20,910,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,426 |
| Fundraising events | $733,738 |
| Related organizations | $0 |
| Government grants | $10,820,929 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,361,521 |
| Noncash contributions included in lines 1a–1f | $13,009,047 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,954,614 |
| Total Program Service Revenue | $638,539,276 |
| Investment income | $40,871,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,701,907 |
| Net Rental Income | $1,098,437 |
| Net Gain/Loss on Asset Sales | $125,834,458 |
| Net Income from Fundraising Events | $54,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $91,635 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $895,084,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,841 |
| Grants and other assistance to domestic individuals. | $199,600,455 |
| Grants and other assistance to Foreign Orgs/Individuals | $27,492 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,995,586 |
| Compensation of current officers, directors, key employees. | $9,154,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,375,103 |
| Pension plan accruals and contributions | $21,550,210 |
| Other employee benefits | $45,042,823 |
| Payroll taxes | $15,594,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,278,769 |
| Fees for services: Accounting | $551,134 |
| Fees for services: Lobbying | $1,187 |
| Fees for services: Fundraising | $157,930 |
| Fees for services: Investment Management | $42,737,957 |
| Fees for services: Other | $30,984,796 |
| Advertising and promotion | $3,683,042 |
| Office expenses | $22,765,254 |
| Information technology | $4,756,603 |
| Royalties | $0 |
| Occupancy | $23,722,195 |
| Travel | $23,825,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,381,584 |
| Interest | $18,313,122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,593,410 |
| Insurance | $3,193,061 |
| All other expenses | $9,686,416 |
| Total functional expenses | $807,122,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,278,058 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,998,974 |
| Accounts receivable, net | $28,025,885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $753,417 |
| Prepaid expenses and deferred charges | $4,663,620 |
| Net Land, buildings, and equipment | $1,491,140,366 |
| Investments—publicly traded securities | $586,401,781 |
| Investments—other securities | $1,232,384,390 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,353,815 |
| Total assets | $3,496,000,306 |
| Accounts payable and accrued expenses | $93,565,494 |
| Grants payable | $0 |
| Deferred revenue | $26,350,400 |
| Tax-exempt bond liabilities | $181,970,529 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $711,765,315 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $125,919,936 |
| Total liabilities | $1,139,571,674 |
| Net assets without donor restrictions | $1,528,774,426 |
| Net assets with donor restrictions | $827,654,206 |
| 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 | $3,496,000,306 |
Grants Awarded
Over the last fiscal year, Texas Christian University has awarded $184,841 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: DONATION | $134,841 |
FORT WORTH CHAMBER OF COMMERCE PURPOSE: ECONOMIC DEVELOPMENT GRANT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Texas Christian University has recieved totaling $631,716.
| Awarding Organization | Amount |
|---|---|
Lesley Family Foundation Dallas, TX PURPOSE: INSTITUTE OF CHILD | $150,000 |
Daniels Fund Denver, CO PURPOSE: SCHOLARSHIPS | $115,338 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $97,813 |
The Summerfield G Roberts Foundation Dallas, TX PURPOSE: NEELEY SCHOOL OF BUSINESS | $50,000 |
Gretchen Swanson Family Foundation Inc Omaha, NE PURPOSE: UNRESTRICTED -GENERAL OPERATING FUND | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $1,620,663,695 |
| Earnings | $14,685,921 |
| Net Contributions | $19,415,827 |
| Other Expense | $55,037,971 |
| Grants | $15,569,518 |
| Ending Balance | $1,584,157,954 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Marsh Rice University Houston, TX | $8,424,555,000 | $976,544,472 |
Southern Methodist University Dallas, TX | $3,480,437,552 | $940,657,128 |
Texas Christian University Fort Worth, TX | $3,496,000,306 | $895,084,917 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $1,696,019,714 | $216,246,276 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
St Edwards University Austin, TX | $377,920,423 | $208,782,526 |
Loyola University New Orleans, LA | $507,723,751 | $180,729,254 |
Harding University Searcy, AR | $398,070,168 | $176,306,238 |
Texas A&m Foundation College Station, TX | $2,465,090,742 | $282,467,067 |
St Marys University Of San Antonio San Antonio, TX | $341,447,478 | $152,177,233 |
Oral Roberts University Tulsa, OK | $217,101,952 | $154,062,702 |