The University Of Texas Foundation No 1

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237109244 ✦ Austin, TX ✦ Designated as a 501(c)(3)

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Overview

What is The University Of Texas Foundation No 1?

The University of Texas Foundation No 1 is a nonprofit organization, specifically established to support the University of Texas System. While the information provided is limited, it is evident that their primary mission is to contribute to the university's growth and development. However, the exact nature of their activities or the specific ways in which they support the university remains unclear from the given data. It would be beneficial to have more detailed information to provide a comprehensive summary.


Official website here: www.utxf.org

Is The University Of Texas Foundation No 1 legitimate?

The University Of Texas Foundation No 1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Texas Foundation No 1 submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.utxf.org

What is the mission statement of The University Of Texas Foundation No 1?

The University of Texas Foundation No 1 is committed to supporting the University of Texas System. Its primary mission is to bolster the educational and research initiatives of the system, contributing to its overall growth and success. The foundation's activities are geared towards providing financial assistance and resources, thereby playing a crucial role in the university's development and advancement. While specific details about the methods or extent of this support are not provided, it can be inferred that the foundation aims to contribute positively to the University of Texas System's mission and vision.


Official website here: www.utxf.org

What is the revenue of The University Of Texas Foundation No 1?

The University Of Texas Foundation No 1's revenue in 2023 was $2,264,148.


Official website here: www.utxf.org

Who are the executives of The University Of Texas Foundation No 1 and what are their salaries?

Here are 5 key members and their salaries:


Hector De Leon (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Ratliff (Vp And Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Cook (Vp And Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Rideaux (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheri Despain (Executive Director And Cfo)
  • Compensation: $0
  • Related: $190,800
  • Other: $25,282


Official website here: www.utxf.org

Where can I find the form 990 for The University Of Texas Foundation No 1?

The University Of Texas Foundation No 1's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.utxf.org

Learn more at the official website: www.utxf.org

Mission Statement of The University Of Texas Foundation No 1

The University of Texas Foundation No 1's mission is centered around supporting the University of Texas System. In essence, this foundation serves as a vital ally, working tirelessly to uphold and strengthen the academic institution. By doing so, it contributes to the overall success and growth of the University of Texas System, ultimately benefiting the wider community. The specifics of the support provided by The University of Texas Foundation No 1 are not provided in the given information, but it can be inferred that this may involve financial aid, resource acquisition, or other forms of assistance. Regardless of the specifics, the foundation's dedication to supporting the University of Texas System is clear, and its role is pivotal in ensuring the continuation of quality education and research at the University.

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Impact




October, 2024

The University of Texas Foundation No 1 significantly impacts education by supporting initiatives and programs that enhance student learning and academic excellence. Located in Austin, Texas, it plays a vital role in funding scholarships, research projects, faculty positions, and campus improvements. By providing resources and financial support, it helps to create an enriching environment for students and educators alike, fostering innovation and promoting access to high-quality education. Through these efforts, the foundation contributes to the overall growth and development of the University of Texas community and, ultimately, the broader society.




This information is meant to be a general summary of The University Of Texas Foundation No 1. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,264,148 (2023)
Expenses
$853,516 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,148
  • Gross Receipts: $3,114,148

Assets and Liabilities:

  • Total Assets: $857,112
  • Total Liabilities: $850,000
  • Net Assets: $7,112

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Organization Details

Founding Year

1971

Principal Officer

Hector Deleon

NTEE Category

Code: B80 - Education

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