Overview
What is Texas A&M Foundation?
The Texas A&M Foundation is a charitable organization based in College Station, Texas, with a workforce of 192 employees. Their primary mission is to raise funds and manage endowments in support of Texas A&M University's College, School, Institute, Center, and departmental needs and activities. By engaging generosity and vision, they build a brighter future for the university through various non-endowed funds and those generated from endowments. The foundation's role encompasses fundraising and asset management, contributing significantly to Texas A&M University's growth and development.
Official website here: www.txamfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
The Texas A&M Foundation has achieved a strong 92% score, reflecting its commitment to accountability and financial health. This high rating is derived entirely from its Accountability & Finance beacon, which showcases the organization’s transparency and governance practices. The foundation boasts a fully independent board and has received perfect scores in various categories, including conflict of interest policies and financial oversight, indicating robust internal controls.
The foundation's financial efficiency is highlighted by a low fundraising efficiency ratio of $0.17, meaning that it effectively translates donations into programmatic expenses, which stand at 66.48%. With a significant working capital ratio of 15.66 years, the organization demonstrates a healthy financial position and the ability to sustain its operations over the long term.
However, while the overall financial practices are strong, the program expense ratio may suggest room for improvement in allocating resources directly toward programs. The salaries of key personnel are publicly available, with the president earning $962,250, which may raise questions about compensation levels in relation to the foundation's mission. Overall, the Texas A&M Foundation is a well-managed organization with established financial practices and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Texas A&M Foundation legitimate?
Texas A&M Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas A&M Foundation 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: $2,678,459
Professional Fundraising Fees: $1,090
Other Salaries and Wages: $16,299,010
For more financial information, click here
Official website here: www.txamfoundation.com
What is the mission statement of Texas A&M Foundation?
The Texas A&M Foundation works to enhance the future of Texas A&M University by fostering relationships between generosity and vision. Through fundraising and asset management, the foundation raises support and manages endowed gifts for the university. The organization plays a crucial role in addressing the needs of various departments at the university, including colleges, schools, institutes, centers, and programmatic activities. Both non-endowed funds and funds generated from endowments are utilized to provide essential financial backing.
Official website here: www.txamfoundation.com
Who is the CEO of Texas A&M Foundation?
Tyson Voelkel is the Principal Officer of Texas A&M Foundation. The CEO's salary of Texas A&M Foundation is $661,480 and their total compensation is $730,548.
Official website here: www.txamfoundation.com
What is the revenue of Texas A&M Foundation?
Texas A&M Foundation's revenue in 2022 was $302,914,839.
Official website here: www.txamfoundation.com
Who are the executives of Texas A&M Foundation and what are their salaries?
The average compensation at Texas A&M Foundation during 2022 was $98,841. There are 192 employees and 38 volunteers at Texas A&M Foundation.
Here are 17 key members and their salaries (Texas A&M Foundation's CEO's salary is $661,480 and their total compensation is $730,548):
- Compensation: $661,480
- Related: $0
- Other: $69,068
- Compensation: $518,035
- Related: $0
- Other: $73,412
- Compensation: $422,720
- Related: $0
- Other: $67,483
- Compensation: $403,466
- Related: $0
- Other: $73,021
- Compensation: $310,592
- Related: $0
- Other: $63,757
- Compensation: $275,113
- Related: $0
- Other: $60,194
- Compensation: $266,521
- Related: $0
- Other: $48,365
- Compensation: $216,288
- Related: $0
- Other: $52,311
- Compensation: $203,349
- Related: $0
- Other: $56,199
- Compensation: $205,745
- Related: $0
- Other: $42,806
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.txamfoundation.com
Where can I find the form 990 for Texas A&M Foundation?
Texas A&M Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.txamfoundation.com
Learn more at the official website: www.txamfoundation.com
Mission Statement of Texas A&M Foundation
The Texas A&M Foundation plays a crucial role in supporting Texas A&M University at College Station by raising funds and managing endowments. In pursuance of this mission, the organization builds a brighter future for the university one relationship at a time, bringing together generosity and vision. By providing essential funds to the university's colleges, schools, institutes, centers, and programmatic departmental needs and activities, the Texas A&M Foundation makes a significant impact. This support comes through both non-endowed funds and those generated from endowments. Through its departmental funding initiatives, the foundation ensures that the university has the resources it needs to thrive and excel in its academic endeavors.
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Impact
October, 2024
The Texas A&M Foundation plays a crucial role in enhancing the educational experience and institutional strength of Texas A&M University at College Station. By focusing on fundraising and effective asset management, the Foundation generates vital financial resources that support various departments, colleges, schools, institutes, centers, and programmatic needs within the university.
Through the allocation of both non-endowed funds and those from endowments, the Foundation ensures that critical programs receive the necessary funding to thrive. Its mission of building a brighter future for Texas A&M is realized by fostering strong relationships with donors who are inspired to invest in the university’s mission and vision.
The impact of the Texas A&M Foundation is significant, as it enables continued academic excellence, innovative research, and enriched student experiences, ultimately contributing to the overall growth and sustainability of the university.
This information is meant to be a general summary of Texas A&M Foundation. 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 2022.
- Investment Income: $132,391,658
- Gross Receipts: $1,068,047,028
Assets and Liabilities:
- Total Assets: $3,086,244,286
- Total Liabilities: $393,595,703
- Net Assets: $2,692,648,583
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Organization Details
Founding Year
1953
Phone
(979) 845-8161Principal Officer
Tyson Voelkel
Main Address
401 George Bush Drive, College Station, TX, 778402811
Website
www.txamfoundation.comNTEE Category
Code: B43I - Education
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