2025-11-14T14:02:15-06:00 2025-05-31 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-06-01 237424724 UNIVERSITY OF THE SOUTHWEST FOUNDATION UNIV 5753926561 6610 NORTH LOVINGTON HWY 510 HOBBS NM 88240 DR RYAN TIPTON CEO 5753926561 2025-11-14 1 0 ASHLEY PEABODY P01385870 5055022746 2025-11-14 2024 2025-03-06 01:10:19Z DR RYAN TIPTON 6610 NORTH LOVINGTON HWY 510 HOBBS NM 88240 2163844 0 X WWW.USW.EDU X 1974 NM TO SUPPORT THE MISSION AND OPERATIONS OF UNIVERSITY OF THE SOUTHWEST. 9 8 0 8 0 0 1445425 319244 0 0 1003404 523555 617694 421879 3066523 1264678 532361 627262 0 0 0 0 0 0 0 0 5550 532361 632812 2534162 631866 20411212 22459892 0 0 20411212 22459892 TO SUPPORT THE MISSION AND OPERATIONS OF UNIVERSITY OF THE SOUTHWEST, A CHRIST-CENTERED EDUCATIONAL COMMUNITY DEDICATED TO DEVELOPING MEN AND WOMEN FOR A LIFETIME OF SERVANT LEADERSHIP BY EMPHASIZING FAITH, RESPONSIBILITY AND INITIATIVE. 0 0 627262 627262 SUPPORT THE MISSION AND OPERATION OF UNIVERSITY OF THE SOUTHWEST BY PROVIDING FUNDS FOR SCHOLARSHIPS AND OPERATIONS. 627262 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X DR PAULA SMITH 5753926561 6610 NORTH LOVINGTON HWY SUITE 510 HOBBS NM 88240 MICHAEL PEARSON CHAIR 1.00 X X 0 0 0 DR RYAN TIPTON CEO 1.00 40.00 X X 0 312715 18078 LARRY GANDY VICE-CHAIR 1.00 X X 0 0 0 SUMMER WRIGHT SECRETARY 1.00 X X 0 0 0 LISA HARDISON BOARD MEMBER 1.00 X 0 0 0 RANDY HOBBS BOARD MEMBER 1.00 X 0 0 0 LEE ROBERSON BOARD MEMBER 1.00 1.00 X 0 0 0 R FINN SMITH BOARD MEMBER 1.00 X 0 0 0 SAMUEL S SPENCER JR BOARD MEMBER 1.00 1.00 X 0 0 0 DR PAULA SMITH TREASURER 1.00 50.00 X 0 160152 7060 0 472867 25138 0 0 1 0 0 253215 66029 319244 369860 369860 421879 421879 1052861 899166 153695 153695 153695 1264678 0 0 945434 627262 627262 5550 5550 632812 627262 5550 0 105834 14607 90851 108959 17586451 19697188 2628076 2639138 20411212 22459892 0 0 X 15511642 16903896 4899570 5555996 20411212 22459892 20411212 22459892 X 631866 1405752 11062 X 0 1 X 1 0 X X 1 UNIVERSITY OF THE SOUTHWEST 850164940 2 1 253215 0 1 253215 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3 SHARED BOARD MEMBERS WITH THE SUPPORTED ORGANIZATION AND THE PRESIDENT OF THE SUPPORTED ORGANIZATION SERVES AS A VOTING MEMBER OF THE INVESTMENT COMMITTEE. PART IV, SECTION E, LINE 2A THE ORGANIZATION'S EXEMPT PROGRAM EXPENSES ARE PAID TO DIRECTLY SUPPORT THE MISSION AND OPERATION OF THE UNIVERSITY OF THE SOUTHWEST (USW), SUPPORTED ORGANIZATION LISTED ON SCHEDULE A, PART I AND SCHEDULE R, BY PROVIDING FUNDS FOR USW SCHOLARSHIPS AND USW OPERATIONS. USW EMPLOYS A SCHOLARSHIP COORDINATOR WHO ENSURES THE TERMS OF THE SCHOLARSHIP ENDOWMENTS HELD AT USW FOUNDATION ARE MAINTAINED AND THAT SCHOLARSHIP RECIPIENTS ARE SELECTED ACCORDING TO THOSE TERMS. THE USW PRESIDENT WORKS WITH THE USW SCHOLARSHIP COORDINATOR TO REVIEW AND APPROVE SUGGESTED SCHOLARSHIP RECIPIENTS. CERTAIN ENDOWMENTS REQUIRE USW FACULTY PARTICIPATION OR DEAN PARTICIPATION IN SELECTING SCHOLARSHIP RECIPIENTS. THE USW EXECUTIVE VICE PRESIDENT/CFO ("CFO") REVIEWS AND APPROVES DISBURSEMENTS FOR STUDENT SCHOLARSHIPS AND USW OPERATING GRANTS. THE CFO CALCULATES ANNUAL OPERATING GRANTS TO USW BASED ON HISTORICAL INVESTMENT INCOME, AND THE OPERATING GRANT DISTRIBUTIONS ARE PRESENTED TO THE USW FOUNDATION BOARD IN JANUARY EACH YEAR FOR APPROVAL. ADDITIONALLY, TWO MEMBERS OF THE USW BOARD, THE USW PRESIDENT, AND USW CFO SERVE AS MEMBERS OF THE FOUNDATION BOARD. THIS CREATES A CLOSE CONTINUOUS RELATIONSHIP BETWEEN THE ORGANIZATIONS AND HELPS ENSURE THAT THE FOUNDATION MAINTAINS RESPONSIVENESS TO USW. PART IV, SECTION E, LINE 2B IF THE FOUNDATION WAS NOT INVOLVED IN THE ACTIVITIES DESCRIBED IN THE NARRATIVE ABOVE FOR SCHEDULE A, PART IV, SECTION E, LINE 2A, THEN UNIVERSITY OF THE SOUTHWEST, A SUPPORTED ORGANIZATION, WOULD HAVE ENGAGED IN THOSE ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15322656 3201602 1929309 627262 5550 19820755 12969731 1445424 1430862 523361 15322656 10733993 75000 2528065 364714 2613 12969731 11571695 58552 -541064 350221 4969 10733993 8770392 801340 2319374 313573 5838 11571695 0.71970 0.28030 0 0 0 NONWORKING INTEREST IN OIL & GAS RIGHTS 2639138 F 2639138 2681492 1405752 11062 1416814 1264678 0 1264678 632812 0 632812 0 632812 PART V, LINE 4: THE EARNINGS FROM THE ENDOWMENTS OF THE UNIVERSITY OF THE SOUTHWEST FOUNDATION ARE DISTRIBUTED TO UNIVERSITY OF THE SOUTHWEST TO BE USED TO FUND SCHOLARSHIPS AND OPERATIONS IN ACCORDANCE WITH THE INTENT OF THE DONOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FMV OF OIL AND GAS ASSETS 11,062. 1 UNIVERSITY OF THE SOUTHWEST 6610 N LOVINGTON HWY SUITE 510 HOBBS NM 88240 850164940 501(C)(3) 627262 0 OPERATIONS SUPPORT AND UNIVERSITY SCHOLARSHIPS 1 0 PART I, LINE 2: THE FINANCIAL RECORDS OF BOTH USW AND USW FOUNDATION ARE MANAGED AT THE SAME LOCATION. 0 0 0 0 0 0 0 0 0 DR RYAN TIPTON CEO 0 301881 0 10834 0 0 0 6298 0 11780 0 330793 0 0 DR PAULA SMITH TREASURER 0 154231 0 5921 0 0 0 3203 0 3857 0 167212 0 0 FORM 990, PART VI, SECTION A, LINE 2 SAMUEL S. SPENCER, MICHAEL PEARSON, FINN SMITH, AND PAULA SMITH HAVE A BUSINESS RELATIONSHIP. FINN SMITH AND PAULA SMITH HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7B AS DESCRIBED IN ARTICLE IX OF THE ARTICLES OF INCORPORATION, IF USW FOUNDATION IS DISSOLVED, ALL PROPERTY REMAINING AFTER PAYMENT AND DISCHARGE OF ITS OBLIGATIONS SHALL BE TRANSFERRED TO ONE OR MORE OTHER ORGANIZATIONS THAT HAVE BEEN IDENTIFIED BY THE USW FOUNDATION AND USW BOARD OF DIRECTORS UPON CONSULTATION WITH AND APPROVAL BY THE J.F MADDOX FOUNDATION BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED IN DETAIL BY THE TREASURER. THE REVIEWED 990 IS THEN REVIEWED BY THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF DIRECTOR. A COPY OF THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONSISTENT WITH THE ORGANIZATION'S ESTABLISHED CONFLICT OF INTEREST POLICY, ALL BOARD MEMBERS AND OFFICERS SELF-DISCLOSE CONFLICTS ANNUALLY. THE SIGNED STATEMENTS ARE REVIEWED BY THE CEO'S ADMINISTRATOR. IN ADDITION, AS SPECIFIED IN THE POLICY, BOARD MEMBERS AND OFFICERS RECUSE THEMSELVES AND/OR ARE RECUSED FROM DECISIONS RELATING TO AREAS OF POSSIBLE OR PERCEIVED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. THEREFORE, THESE LINES WERE ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF OIL AND GAS RIGHTS 11,062. UNIVERSITY OF THE SOUTHWEST 6610 NORTH LOVINGTON HWY SUITE 510 HOBBS NM 88240 850164940 SCHOOL NM 501(C)(3) LINE 2 N/A 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1