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Nonprofit · EIN 23-7166534

TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC

Tax-exempt · KINGSVILLE, TX 78363

Financials

$42.3M$7.5M2023$14.1M$8.3M2024
Revenue Expenses · by fiscal year end
Financials of TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$14,091,147$8,338,308$5,752,839$174,096,484$2,932,122$171,164,362
December 31, 2023990$42,282,167$7,468,865$34,813,302$158,008,104$2,142,752$155,865,352
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,016,535
Program service revenue
$0
Investment income
$9,415,821
Royalties
$349,713
Net gain from sales of assets
$6,782,680
Net income from fundraising events
-$15,481
Other revenue
$658,791

Expenses

Grants and similar amounts paid
$5,791,940
Compensation of officers, directors and key employees
$0
Other salaries and wages
$411,595
Salaries, compensation and benefits (total)
$416,365
Professional fundraising fees
$0
Accounting fees
$45,612
Travel
$66,613
Depreciation
$188,297
Program services (functional)
$6,684,061
Management and general (functional)
$1,285,546
Fundraising (functional)
$368,701

Balance sheet and other

Total assets, start of year
$158,008,104
Total assets, end of year
$174,096,484
Total liabilities, end of year
$2,932,122
Net assets, end of year
$171,164,362
Land, buildings and equipment
$26,344,280
Publicly traded securities
$136,834,425
Net assets without donor restrictions
$17,211,435
Net assets with donor restrictions
$153,952,927
Gross unrelated business income
$112,367
Gross receipts
$31,245,506
Employees
11
Year formed
1972
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Claudia CastilloDirector
Trustee or director
1$0
Dr Jeff KoDirector
Trustee or director
1$0
S David DeandaDirector
Trustee or director
1$0
Sharon Selzer SpurlinDirector
Trustee or director
1$0
John Michael HowardDirector
Trustee or director
1$0
Romeo PerezDirector
Trustee or director
1$0
Iris J Berthelot IIDirector
Trustee or director
1$0
Tom Shockley IIIDirector
Trustee or director
1$0
Lisa Carrington FirminDirector
Trustee or director
1$0
Jackie CollinsDirector
Trustee or director
1$0
Dr Roger CamposDirector
Trustee or director
1$0
Roxanne RamirezDirector
Trustee or director
1$0
Aaron DemersonDirector
Trustee or director
1$0
Balous MillerDirector
Trustee or director
1$0
LTG Ret Ricardo S SanchezChairman
Trustee or director, Officer
5$0
7 more people on this return
NameTitleHours / weekCompensation
Eugene Dawson Jr1st Vice-Chair
Trustee or director, Officer
2$0
Roberto Montoya2nd Vice-Chair
Trustee or director, Officer
2$0
Kevin BeasleySecretary
Trustee or director, Officer
2$0
Alan JohnsonTreasurer
Trustee or director, Officer
2$0
Dr Robert H Vela JrEx Officio Mbr
Institutional trustee
0$0
Bradley Walker - Thru 093024Executive Dir.
Officer
40$0
Jason Geiken - Start 121024Chf Fdn Officer
Officer
40$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensation
Balous MillerDirector
Trustee or director
1$0
Claudia CastilloDirector
Trustee or director
1$0
Dr Jeff KoDirector
Trustee or director
1$0
S David DeandaDirector
Trustee or director
1$0
Sharon Selzer SpurlinDirector
Trustee or director
1$0
John Michael HowardDirector
Trustee or director
1$0
Romeo PerezDirector
Trustee or director
1$0
Iris J Berthelot IIDirector
Trustee or director
1$0
Tom Shockley IIIDirector
Trustee or director
1$0
Lisa Carrington FirminDirector
Trustee or director
1$0
Jackie CollinsDirector
Trustee or director
1$0
Aaron DemersonDirector
Trustee or director
1$0
LTG Ret Ricardo S SanchezChairman
Trustee or director, Officer
5$0
Eugene Dawson Jr1st Vice-Chair
Trustee or director, Officer
2$0
Roberto Montoya2nd Vice-Chair
Trustee or director, Officer
2$0
Kevin BeasleySecretary
Trustee or director, Officer
2$0
Alan JohnsonTreasurer
Trustee or director, Officer
2$0
Dr Robert H Vela JrEx Officio Mbr
Institutional trustee
0$0
Bradley WalkerExecutive Dir.
Officer
40$0

Address and contacts

Address (IRS master file)
PO BOX 2202, KINGSVILLE, TX 78363-8301
Principal officer (990 for 2024)
LTG Ret Ricardo S Sanchez, P O Box 2202 Station 1, Kingsville, TX 783638301
Signed the 990
LTG Ret Ricardo S Sanchez, Chairman
Phone
(361) 593-2208
Return prepared by
Hahn & Oldham PC

Mission

The Foundation was formed to be a vital partner with Texas A&M University-Kingsville by developing donor relationships and linking resources in the pursuit of the University's goals of excellence.Values: Service to the University and the donors; Stewardship of the resources through careful and responsible management, consistent with donor intent;Integrity: by acting in a trustworthy, honest and moral fashion in all that is done;Impact: by supporting the Universitys goal, mission and vision;Duty: by maintaining a commitment to excellence in all that is done.

990 for the year ended December 31, 2024

Program accomplishments

  • The Foundation was formed to provide support to the University. It fulfills that mission by assisting in the solicitation of donations from businesses, other foundations and individuals; the proceeds are intended to support students, faculty and programs at the University. The Foundation receives, invests and administers donations and makes funds available to the University for scholarships, research, faculty and department support.
    Expenses $6,684,061 · grants $5,791,940

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7166534
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B43)
Assets (IRS master file)
$174,096,484
Income (IRS master file)
$31,245,506

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$14,091,147$8,338,308$174,096,484IRS
990-TDecember 2024–––IRS
990December 2023$42,282,167$7,468,865$158,008,104XML
990-TDecember 2023–––IRS
990December 2022$9,561,381$5,892,042$104,124,832IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7166534).

Questions about TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC

What is the EIN of TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC?
The employer identification number (EIN) of TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC is 23-7166534.
Is TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
Are donations to TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names LTG Ret Ricardo S Sanchez.
Who are the officers and directors of TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 22 people; 0 received compensation from the organization.
How much revenue does TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $14,091,147, expenses of $8,338,308 and total assets of $174,096,484 at year end.

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