Texas Christian University
- Assets
- $4.5b
- Revenue
- $1.1b
- Investments
- $1.8b
- Employees
- 6,409
- Location
- Fort Worth, TX
- Founding
- 03/1935
- Data as of
- 05/2023
- 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 05/2023, Texas Christian University employed 6,409 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Christian University 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 05/2023, Texas Christian University generated $1.1b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $960.9m during the year ending 05/2023. While expenses have increased by 5.9% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES NINE MAJOR ACADEMIC UNITS. INSTRUCTION IS FOR 12,273 STUDENTS.
Describe the Organization's Program Activity:
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 Chancellor | OfficerTrustee | 40 | $2,333,097 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Linbeck Group Llc Construction Srvs | 5/30/23 | $16,414,308 |
Hoefer Welker Llc Architectural Services | 5/30/23 | $5,385,747 |
Sodexo Inc & Affiliates Dining Services | 5/30/23 | $22,879,725 |
Hahnfeld Hoffer Stanford Architectural Services | 5/30/23 | $4,281,748 |
Hcbeck Ltd Construction Services | 5/30/23 | $1,611,611 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $69,243 |
| Fundraising events | $493,877 |
| Related organizations | $0 |
| Government grants | $16,682,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,333,424 |
| Noncash contributions included in lines 1a–1f | $15,997,897 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,579,299 |
| Total Program Service Revenue | $803,700,839 |
| Investment income | $64,329,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,978,373 |
| Net Rental Income | $1,280,932 |
| Net Gain/Loss on Asset Sales | $81,667,760 |
| Net Income from Fundraising Events | $37,364 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $123,668 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,103,356,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $284,342,894 |
| Grants and other assistance to Foreign Orgs/Individuals | $28,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,238,231 |
| Compensation of current officers, directors, key employees. | $10,181,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,290,582 |
| Pension plan accruals and contributions | $16,444,802 |
| Other employee benefits | $45,771,538 |
| Payroll taxes | $14,757,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,464,340 |
| Fees for services: Accounting | $314,240 |
| Fees for services: Lobbying | $1,460 |
| Fees for services: Fundraising | $243,163 |
| Fees for services: Investment Management | $33,664,160 |
| Fees for services: Other | $37,282,060 |
| Advertising and promotion | $3,647,295 |
| Office expenses | $22,366,717 |
| Information technology | $4,176,895 |
| Royalties | $0 |
| Occupancy | $27,420,556 |
| Travel | $37,693,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,578,584 |
| Interest | $31,555,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,849,904 |
| Insurance | $4,920,635 |
| All other expenses | $11,180,464 |
| Total functional expenses | $960,941,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,264,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $32,766,882 |
| Accounts receivable, net | $33,762,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $812,271 |
| Prepaid expenses and deferred charges | $6,443,688 |
| Net Land, buildings, and equipment | $1,470,592,896 |
| Investments—publicly traded securities | $983,586,729 |
| Investments—other securities | $1,842,542,345 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,527,788 |
| Total assets | $4,541,299,077 |
| Accounts payable and accrued expenses | $105,062,384 |
| Grants payable | $0 |
| Deferred revenue | $41,511,105 |
| Tax-exempt bond liabilities | $157,010,316 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $832,092,827 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153,896,037 |
| Total liabilities | $1,289,572,669 |
| Net assets without donor restrictions | $1,998,058,716 |
| Net assets with donor restrictions | $1,253,667,692 |
| 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 | $4,541,299,077 |
Grants Awarded
Over the last fiscal year, Texas Christian University has awarded $184,841 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FORT WORTH CHAMBER OF COMMERCE PURPOSE: ECONOMIC DEVELOPMENT GRANT | $50,000 |
TOMLINSON'S TOUCHING LIVES FOUNDATION PURPOSE: DONATION | $134,841 |