Nonprofit · EIN 23-7424724
UNIVERSITY OF THE SOUTHWEST FOUNDATION
Tax-exempt · HOBBS, NM 88240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,264,678 | $632,812 | $631,866 | $22,459,892 | $0 | $22,459,892 |
| May 31, 2024 | 990 | $3,066,523 | $523,361 | $2,543,162 | $20,411,212 | $0 | $20,411,212 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $319,244
- Program service revenue
- $0
- Investment income
- $523,555
- Royalties
- $421,879
- Net gain from sales of assets
- $153,695
- Other revenue
- $421,879
Expenses
- Grants and similar amounts paid
- $627,262
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,550
- Program services (functional)
- $627,262
- Management and general (functional)
- $5,550
Balance sheet and other
- Total assets, start of year
- $20,411,212
- Total assets, end of year
- $22,459,892
- Total liabilities, end of year
- $0
- Net assets, end of year
- $22,459,892
- Publicly traded securities
- $19,697,188
- Net assets without donor restrictions
- $16,903,896
- Net assets with donor restrictions
- $5,555,996
- Gross receipts
- $2,163,844
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1974
- State of legal domicile
- NM
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR RYAN TIPTON | CEO Trustee or director, Officer | 1 | $0 | $312,715 | $18,078 |
| DR PAULA SMITH | TREASURER Officer | 1 | $0 | $160,152 | $7,060 |
| MICHAEL PEARSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LARRY GANDY | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SUMMER WRIGHT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LISA HARDISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANDY HOBBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LEE ROBERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| R FINN SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SAMUEL S SPENCER JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended May 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dr Ryan Tipton | CEO Trustee or director, Officer | 1 | $0 | $247,900 | $12,628 |
| Paula Smith | Treasurer Officer | 1 | $0 | $143,702 | $14,478 |
| Larry Gandy | Vice-Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Michael Pearson | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Summer North Wright | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Lee Roberson | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Hardison | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| R Finn Smith | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Randy Hobbs | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Samuel S Spencer Jr | Board member Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6610 N LOVINGTON HWY STE 510, HOBBS, NM 88240-9114
- In care of
- % DEE MOONEY TREASURER
- Principal officer (990 for 2024)
- DR RYAN TIPTON, 6610 NORTH LOVINGTON HWY 510, HOBBS, NM 88240
- Signed the 990
- DR RYAN TIPTON, CEO
- Phone
- (575) 392-6561
- Website
- WWW.USW.EDU
- Return prepared by
- CRI CAPIN CROUSE ADVISORS LLC
Mission
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.
Program accomplishments
- SUPPORT THE MISSION AND OPERATION OF UNIVERSITY OF THE SOUTHWEST BY PROVIDING FUNDS FOR SCHOLARSHIPS AND OPERATIONS.Expenses $627,262 · grants $627,262
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7424724
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1975
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $22,459,892
- Income (IRS master file)
- $2,163,844
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $1,264,678 | $632,812 | $22,459,892 | XML |
| 990 | May 2024 | $3,066,523 | $523,361 | $20,411,212 | XML |
| 990 | May 2023 | $1,911,382 | $367,325 | $15,871,164 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 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 23-7424724).
Questions about UNIVERSITY OF THE SOUTHWEST FOUNDATION
- What is the EIN of UNIVERSITY OF THE SOUTHWEST FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF THE SOUTHWEST FOUNDATION is 23-7424724.
- Is UNIVERSITY OF THE SOUTHWEST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to UNIVERSITY OF THE SOUTHWEST FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY OF THE SOUTHWEST FOUNDATION 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 UNIVERSITY OF THE SOUTHWEST FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF THE SOUTHWEST FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of UNIVERSITY OF THE SOUTHWEST FOUNDATION?
- The 990 for the year ended May 31, 2025 names DR RYAN TIPTON.
- Who are the officers and directors of UNIVERSITY OF THE SOUTHWEST FOUNDATION?
- The 990 for the year ended May 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF THE SOUTHWEST FOUNDATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,264,678, expenses of $632,812 and total assets of $22,459,892 at year end.
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