Overview
What is The University Of Texas Foundation Inc?
The University of Texas Foundation Inc, with a location at 9011 Mountain Ridge Drive 150, Austin, Texas, is a nonprofit organization dedicated to supporting the University of Texas System institutions. With a team of five employees, their mission is to advance education by financially boosting the University of Texas System, including all branches, departments, schools, and colleges across its thirteen institutions. The foundation aims to enhance research, teaching, scholarship, faculties, and facilities through monetary contributions.
Official website here: www.utxf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The University Of Texas Foundation Inc has received a Four-Star rating from Charity Navigator, indicating an exceptional level of accountability and financial health. With a score of 96%, the foundation demonstrates strong governance practices, including a fully independent board and comprehensive oversight measures. The foundation excels in maintaining clear financial statements and policies that promote transparency, such as having a conflict of interest policy and a whistleblower policy in place.
Financially, the organization showcases impressive metrics, with a program expense ratio of 98.62%, indicating that nearly all funds are directed toward its programs. The fundraising efficiency is remarkably high, costing only $0.002 to raise a dollar, which reflects effective fundraising strategies. However, the liabilities to assets ratio stands at 49.51%, suggesting that the organization may want to keep an eye on its debt levels relative to its assets.
Overall, the University Of Texas Foundation Inc is notable for its strong financial practices and commitment to accountability. While its financial ratios are mostly positive, the organization should continue monitoring its liabilities to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Texas Foundation Inc legitimate?
The University Of Texas Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Texas Foundation Inc 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: $216,082
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,910
For more financial information, click here
Official website here: www.utxf.org
What is the mission statement of The University Of Texas Foundation Inc?
The University of Texas Foundation Inc is committed to advancing education by financially supporting the University of Texas System. This includes all branches, departments, schools, and colleges across its thirteen institutions. The primary goal is to enhance research, teaching, scholarship, faculties, and facilities within the University of Texas System. The Foundation receives and distributes gifts to various educational and research projects within the University.
Official website here: www.utxf.org
What is the revenue of The University Of Texas Foundation Inc?
The University Of Texas Foundation Inc's revenue in 2023 was $53,709,870.
Official website here: www.utxf.org
Who are the executives of The University Of Texas Foundation Inc and what are their salaries?
The average compensation at The University Of Texas Foundation Inc during 2023 was $92,598. There are 5 employees at The University Of Texas Foundation Inc.
Here are 22 key members and their salaries:
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- Compensation: $190,800
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- Other: $25,282
Official website here: www.utxf.org
Where can I find the form 990 for The University Of Texas Foundation Inc?
The University Of Texas Foundation Inc'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 Inc
The University of Texas Foundation Inc is a nonprofit organization whose mission is to advance education by providing financial support to the University of Texas System. This support extends to all branches, departments, schools, and colleges within the thirteen institutions under the University of Texas System. The Foundation aims to improve the quality of education, research, and teaching at these institutions.
Through its charitable efforts, The University of Texas Foundation Inc invests in various educational and research projects across the University of Texas System. By contributing funds, it enables institutions to enhance their faculty, facilities, and programs. The Foundation plays a crucial role in promoting academic excellence and fostering innovation within the educational community.
The University of Texas Foundation Inc has a strong commitment to education and the pursuit of knowledge. By providing financial assistance, it empowers the University of Texas System institutions to make a positive impact in the lives of students and contribute to the advancement of knowledge and research in their respective fields. The organization's dedication to education and its partnership with the University of Texas System institutions make it an essential contributor to the development and success of Texas' higher education system.
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Impact
October, 2024
The University Of Texas Foundation Inc significantly enhances the educational landscape by providing vital financial support to the University of Texas System and its thirteen institutions. By facilitating gifts to various departments for educational and research projects, it fosters advancements in education, research, teaching, scholarship, and facilities. This impact not only enriches the learning environment but also promotes innovation and academic excellence across all branches, schools, and colleges within the system, ultimately benefiting students, faculty, and the broader community.
This information is meant to be a general summary of The University Of Texas Foundation Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,065,003
- Gross Receipts: $57,249,942
Assets and Liabilities:
- Total Assets: $83,486,599
- Total Liabilities: $41,339,032
- Net Assets: $42,147,567
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Organization Details
Founding Year
1967
Principal Officer
Rex G Baker Iii
Website
www.utxf.orgNTEE Category
Code: B84 - Education
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