THE UNIVERSITY OF TEXAS TEXAS A M INVESTMENT MANAGEMENT COMPANY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- THE UNIVERSITY OF TEXAS TEXAS A M INVESTMENT MANAGEMENT COMPANY (EIN 74-2765082)
- Tax period
- 2022-09-01 to 2023-08-31
- Filed
- 2024-07-09
- IRS object ID
- 202421919349300237
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-07-09T13:02:20+00:00 | ReturnTs |
| Tax Period End | 2023-08-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742765082 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The University of TexasTexas A&M Investment Management Company | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 5122251600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 W 7TH STREET 1700 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD L HALL | PersonNm |
| Person Title | PRESIDENT, CEO AND CIO | PersonTitleTxt |
| Phone | 5122251600 | PhoneNum |
| Signature | 2024-07-09 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOAN | PersonFirstNm |
| Person Last | MOELLER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD L HALL | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 W 7TH STREET 1700 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $70,085,321 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.UTIMCO.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | To provide professional investment management and related services for the funds under management and control of the Board of Regents of The University of Texas System. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 158 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $60,648,574 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $67,943,364 | CYProgramServiceRevenueAmt |
| PY Investment Income | $202,060 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,141,957 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $60,850,634 | PYTotalRevenueAmt |
| CY Total Revenue | $70,085,321 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $39,125,558 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $54,517,399 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,627,515 | PYOtherExpensesAmt |
| CY Other Expenses | $14,473,373 | CYOtherExpensesAmt |
| PY Total Expenses | $52,753,073 | PYTotalExpensesAmt |
| CY Total Expenses | $68,990,772 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,097,561 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,094,549 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $65,881,389 | TotalAssetsBOYAmt |
| Total Assets EOY | $70,057,072 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $38,915,140 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $41,996,274 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $26,966,249 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $28,060,798 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To generate superior long-term investment returns to support The University of Texas and Texas A&M University systems as they provide world-class teaching, push the boundaries of discovery, and achieve excellence in patient healthcare for the people of Texas and beyond. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $60,805,242 | ExpenseAmt |
| Revenue | $67,943,364 | RevenueAmt |
| Desc | Investment of funds under the control and management of the Board of Regents of The University of Texas System. | Desc |
| Total Program Service Expenses | $60,805,242 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (true) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 23 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 158 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UTIMCO - KIM BAUER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5122251600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 W 7TH STREET SUITE 1700 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| JAMES B MILLIKEN | |||||||||
| DIRECTOR/VICE CHAIRMAN FOR POLICY | 1.0 | 39.0 | Yes (X) | Yes (X) | $0 | $952,919 | $49,640 | ||
| JAMES CONRAD WEAVER | |||||||||
| DIRECTOR/CHAIRMAN | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| RAY ROTHROCK | |||||||||
| DIRECTOR/VICE CHAIRMAN | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| CLIFTON L THOMAS JR | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| HOWARD BERK | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| JANET HANDLEY | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| JANIECE LONGORIA | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| JAY GRAHAM | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| JODIE LEE JILES | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| RAY NIXON | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT GAUNTT | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| AMANDA HOPPER | |||||||||
| MANAGING DIRECTOR | 40.0 | Yes (X) | $482,470 | $0 | $430,749 | ||||
| ANTHONY CARUSO | |||||||||
| MANAGING DIRECTOR | 40.0 | Yes (X) | $419,530 | $0 | $580,737 | ||||
| CAROLINA DE ONIS | |||||||||
| GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER | 40.0 | Yes (X) | $386,408 | $0 | $303,501 | ||||
| COURTNEY POWERS | |||||||||
| MANAGING DIRECTOR | 40.0 | Yes (X) | $477,155 | $0 | $603,149 | ||||
| EDWARD LEWIS | |||||||||
| SENIOR MANAGING DIRECTOR | 40.0 | Yes (X) | $719,742 | $0 | $690,852 | ||||
| GARY HILL | |||||||||
| MANAGING DIRECTOR | 40.0 | Yes (X) | $442,859 | $0 | $213,005 | ||||
| GUS DEERING | |||||||||
| MANAGING DIRECTOR AND CHIEF TECHNOLOGY OFFICER | 40.0 | Yes (X) | $173,492 | $0 | $201,823 | ||||
| JAMES R KAMPFE | |||||||||
| MANAGING DIRECTOR | 40.0 | Yes (X) | $838,689 | $0 | $468,653 | ||||
| JOAN MOELLER | |||||||||
| COO, CORP. SECRETARY & TREASURER | 40.0 | Yes (X) | $728,487 | $0 | $341,497 | ||||
| KENNETH REEVES SR | |||||||||
| MANAGING DIRECTOR | 40.0 | Yes (X) | $363,388 | $0 | $44,105 | ||||
| MICHAEL SJOLANDER | |||||||||
| CHIEF TECHNOLOGY OFFICER | 40.0 | Yes (X) | $524,709 | $0 | $37,800 | ||||
| MUKUND JOSHI | |||||||||
| MANAGING DIRECTOR | 40.0 | Yes (X) | $437,797 | $0 | $451,289 | ||||
| PATRICK PACE | |||||||||
| MANAGING DIRECTOR | 40.0 | Yes (X) | $641,864 | $0 | $692,757 | ||||
| RICHARD L HALL | |||||||||
| PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER | 40.0 | Yes (X) | $1,619,768 | $0 | $1,759,831 | ||||
| RODNEY R RUEBSAHM | |||||||||
| SENIOR MANAGING DIRECTOR | 40.0 | Yes (X) | $749,002 | $0 | $918,050 | ||||
| SUSAN CHEN | |||||||||
| SENIOR MANAGING DIRECTOR | 40.0 | Yes (X) | $769,134 | $0 | $642,574 | ||||
| THOMAS BRITTON HARRIS IV | |||||||||
| PRESIDENT AND CHIEF EXECUTIVE OFFICER | 40.0 | Yes (X) | $3,982,438 | $0 | $2,217,124 | ||||
| UZIEL YOELI | |||||||||
| MANAGING DIRECTOR | 40.0 | Yes (X) | $943,584 | $0 | $460,826 | ||||
| ANSON CHUAH | |||||||||
| ASSOCIATE DIRECTOR-INVESTMENTS | 40.0 | $348,267 | $0 | $205,518 | Yes (X) | ||||
| EDWARD MORRIS | |||||||||
| SENIOR DIRECTOR-INVESTMENTS | 40.0 | $341,657 | $0 | $289,193 | Yes (X) | ||||
| HARLAND DOAK | |||||||||
| SENIOR DIRECTOR | 40.0 | $761,278 | $0 | $424,553 | Yes (X) | ||||
| KENNETH STANDLEY | |||||||||
| SENIOR DIRECTOR | 40.0 | $346,203 | $0 | $373,973 | Yes (X) | ||||
| TIMOTHY JONES | |||||||||
| SENIOR DIRECTOR-RISK MANAGMENT | 40.0 | $347,437 | $0 | $331,982 | Yes (X) | ||||
| MICHAEL DEAN | |||||||||
| MANAGING DIRECTOR | 40.0 | $384,632 | $0 | $22,231 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $17,229,990 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $952,919 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $12,755,412 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 93 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| BLOOMBERG LP | ||||||
| PO Box 416604 | Boston | MA | 022416604 | FINANCIAL SERVICES | $1,159,747 | |
| PRESTIGE STAFFING | ||||||
| 8010 ROSWELL ROAD | ATLANTA | GA | 30350 | HIRING CONSULTANTS | $223,750 | SUITE 330 |
| DAVID BARRETT PARTNERS LLC | ||||||
| 230 PARK AVENUE | NEW YORK | NY | 10169 | HIRING CONSULTANTS | $150,000 | SUITE 450 |
| DELOITTE & TOUCHE LLP | ||||||
| PO BOX 844708 | DALLAS | TX | 752844708 | AUDITING SERVICES | $132,387 | |
| THE BURGISS GROUP LLC | ||||||
| 111 RIVER STREET | HOBOKEN | NJ | 07030 | ONLINE DATA/SUBSCRIPTION SERVICES | $110,250 | 10TH FLOOR |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $0 | GovernmentGrantsAmt |
| All Other Contributions | $0 | AllOtherContributionsAmt |
| Noncash Contributions | $0 | NoncashContributionsAmt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| MANAGEMENT FEES | 523920 | $67,943,364 | $67,943,364 | $0 | $0 |
| $0 | $0 | $0 | $0 | ||
| $0 | $0 | $0 | $0 | ||
| $0 | $0 | $0 | $0 | ||
| $0 | $0 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $67,943,364 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,141,957 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,141,957 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|
| $0 | $0 | $0 | $0 |
| $0 | $0 | $0 | $0 |
| $0 | $0 | $0 | $0 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $70,085,321 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $67,943,364 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,141,957 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,255,345 | TotalAmt |
| Program Services | $16,691,509 | ProgramServicesAmt |
| Management And General | $5,563,836 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,042,145 | TotalAmt |
| Program Services | $26,042,145 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,659,557 | TotalAmt |
| Program Services | $1,416,964 | ProgramServicesAmt |
| Management And General | $242,593 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,006,672 | TotalAmt |
| Program Services | $1,713,338 | ProgramServicesAmt |
| Management And General | $293,334 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,553,680 | TotalAmt |
| Program Services | $2,180,385 | ProgramServicesAmt |
| Management And General | $373,295 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $193,841 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $193,841 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,782 | TotalAmt |
| Program Services | $91,173 | ProgramServicesAmt |
| Management And General | $15,609 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $484,563 | TotalAmt |
| Program Services | $413,730 | ProgramServicesAmt |
| Management And General | $70,833 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,629 | TotalAmt |
| Program Services | $106,411 | ProgramServicesAmt |
| Management And General | $18,218 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,278,440 | TotalAmt |
| Program Services | $2,278,440 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $749,997 | TotalAmt |
| Program Services | $640,363 | ProgramServicesAmt |
| Management And General | $109,634 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,055,559 | TotalAmt |
| Program Services | $1,055,559 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,906 | TotalAmt |
| Program Services | $100,671 | ProgramServicesAmt |
| Management And General | $17,235 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $188,285 | TotalAmt |
| Program Services | $160,762 | ProgramServicesAmt |
| Management And General | $27,523 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,917,524 | TotalAmt |
| Program Services | $4,198,684 | ProgramServicesAmt |
| Management And General | $718,840 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,524 | TotalAmt |
| Program Services | $55,092 | ProgramServicesAmt |
| Management And General | $9,432 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SUBSCRIPTIONS | $1,652,511 | $1,652,511 | $0 | $0 |
| CONTRACT SERVICES | $1,099,148 | $938,475 | $160,673 | $0 |
| REPAIRS & MAINTENANCE | $264,111 | $225,504 | $38,607 | $0 |
| EMPLOYEE DEVELOPMENT | $403,530 | $344,542 | $58,988 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $772,023 | TotalAmt |
| Program Services | $498,984 | ProgramServicesAmt |
| Management And General | $273,039 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,990,772 | TotalAmt |
| Program Services | $60,805,242 | ProgramServicesAmt |
| Management And General | $8,185,530 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Joint Costs TotalJointCostsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,594 | BOYAmt |
| EOY | $183,458 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,992,247 | BOYAmt |
| EOY | $41,615,068 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98 | BOYAmt |
| EOY | $11,294 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,326,630 | BOYAmt |
| EOY | $1,772,405 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $40,614,345 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,139,038 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,008,867 | BOYAmt |
| EOY | $22,475,307 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,378,953 | BOYAmt |
| EOY | $3,999,540 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,881,389 | BOYAmt |
| EOY | $70,057,072 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,143,841 | BOYAmt |
| EOY | $19,810,791 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,771,299 | BOYAmt |
| EOY | $22,185,483 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,915,140 | BOYAmt |
| EOY | $41,996,274 | EOYAmt |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,966,249 | BOYAmt |
| EOY | $28,060,798 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,966,249 | BOYAmt |
| EOY | $28,060,798 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,881,389 | BOYAmt |
| EOY | $70,057,072 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,094,549 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $0 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE UNIVERSITY OF TEXAS SYSTEM | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300710145 | EIN |
| Organization Type | 6 | OrganizationTypeCd |
| Governing Document Listed | Yes (true) | GoverningDocumentListedInd |
| Support | $0 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (true) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | false | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | false | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | false | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (true) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | false | OperateBenefitNonSuprtOrgInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Book Value | $0 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $11,371,721 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,540,958 | DepreciationAmt |
| Book Value | $5,830,763 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $2,530,576 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,918,147 | DepreciationAmt |
| Book Value | $612,429 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $26,712,048 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,679,933 | DepreciationAmt |
| Book Value | $16,032,115 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,475,307 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ARTWORK TOTAL | $5,767 |
| DEFERRED COMPENSATION PLAN ASSETS (457B) | $3,993,773 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,999,540 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED COMPENSATION PLAN OBLIGATIONS (457B) | $3,993,773 |
| CURRENT PORTION-LEASE LIABILITY | $2,406,811 |
| LONG-TERM PORTION-LEASE LIABILITY | $15,332,991 |
| CURRENT PORTION-SBITA LIABILITY | $233,858 |
| LONG-TERM PORTION-SBITA LIABILITY | $218,050 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $22,185,483 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $70,085,321 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $0 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $70,085,321 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $0 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $70,085,321 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $68,990,772 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $68,990,772 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $0 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $68,990,772 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (25 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAMES B MILLIKEN | ||||||||||||||
| DIRECTOR/VICE CHAIRMAN FOR POLICY | $0 | $925,639 | $0 | $0 | $0 | $27,280 | $0 | $25,925 | $0 | $23,715 | $0 | $1,002,559 | $0 | $0 |
| THOMAS BRITTON HARRIS IV | ||||||||||||||
| PRESIDENT AND CHIEF EXECUTIVE OFFICER | $874,373 | $0 | $3,105,226 | $0 | $2,839 | $0 | $2,193,284 | $0 | $23,840 | $0 | $6,199,562 | $0 | $3,105,226 | $0 |
| RICHARD L HALL | ||||||||||||||
| PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER | $678,565 | $0 | $938,264 | $0 | $2,939 | $0 | $1,749,960 | $0 | $9,871 | $0 | $3,379,599 | $0 | $930,891 | $0 |
| RODNEY R RUEBSAHM | ||||||||||||||
| SENIOR MANAGING DIRECTOR | $449,386 | $0 | $296,977 | $0 | $2,639 | $0 | $889,137 | $0 | $28,913 | $0 | $1,667,052 | $0 | $291,794 | $0 |
| SUSAN CHEN | ||||||||||||||
| SENIOR MANAGING DIRECTOR | $451,877 | $0 | $314,098 | $0 | $3,159 | $0 | $621,321 | $0 | $21,253 | $0 | $1,411,708 | $0 | $307,181 | $0 |
| EDWARD LEWIS | ||||||||||||||
| SENIOR MANAGING DIRECTOR | $417,488 | $0 | $299,615 | $0 | $2,639 | $0 | $662,421 | $0 | $28,431 | $0 | $1,410,594 | $0 | $293,129 | $0 |
| UZIEL YOELI | ||||||||||||||
| MANAGING DIRECTOR | $367,575 | $0 | $573,370 | $0 | $2,639 | $0 | $442,216 | $0 | $18,610 | $0 | $1,404,410 | $0 | $573,370 | $0 |
| PATRICK PACE | ||||||||||||||
| MANAGING DIRECTOR | $397,720 | $0 | $240,956 | $0 | $3,188 | $0 | $663,844 | $0 | $28,913 | $0 | $1,334,621 | $0 | $237,805 | $0 |
| JAMES R KAMPFE | ||||||||||||||
| MANAGING DIRECTOR | $321,203 | $0 | $516,647 | $0 | $839 | $0 | $440,054 | $0 | $28,599 | $0 | $1,307,342 | $0 | $516,647 | $0 |
| COURTNEY POWERS | ||||||||||||||
| MANAGING DIRECTOR | $334,430 | $0 | $140,046 | $0 | $2,679 | $0 | $573,113 | $0 | $30,036 | $0 | $1,080,304 | $0 | $136,994 | $0 |
| JOAN MOELLER | ||||||||||||||
| COO, CORP. SECRETARY & TREASURER | $412,567 | $0 | $313,281 | $0 | $2,639 | $0 | $329,186 | $0 | $12,311 | $0 | $1,069,984 | $0 | $313,281 | $0 |
| ANTHONY CARUSO | ||||||||||||||
| MANAGING DIRECTOR | $298,516 | $0 | $118,476 | $0 | $2,538 | $0 | $552,033 | $0 | $28,704 | $0 | $1,000,267 | $0 | $0 | $0 |
| AMANDA HOPPER | ||||||||||||||
| MANAGING DIRECTOR | $334,559 | $0 | $144,903 | $0 | $3,008 | $0 | $400,842 | $0 | $29,907 | $0 | $913,219 | $0 | $141,336 | $0 |
| MUKUND JOSHI | ||||||||||||||
| MANAGING DIRECTOR | $301,720 | $0 | $133,538 | $0 | $2,539 | $0 | $422,376 | $0 | $28,913 | $0 | $889,086 | $0 | $130,424 | $0 |
| CAROLINA DE ONIS | ||||||||||||||
| GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER | $383,470 | $0 | $0 | $0 | $2,938 | $0 | $271,796 | $0 | $31,705 | $0 | $689,909 | $0 | $0 | $0 |
| GARY HILL | ||||||||||||||
| MANAGING DIRECTOR | $269,930 | $0 | $170,290 | $0 | $2,639 | $0 | $181,969 | $0 | $31,036 | $0 | $655,864 | $0 | $170,290 | $0 |
| MICHAEL SJOLANDER | ||||||||||||||
| CHIEF TECHNOLOGY OFFICER | $321,345 | $0 | $200,796 | $0 | $2,568 | $0 | $25,925 | $0 | $11,875 | $0 | $562,509 | $0 | $203,427 | $0 |
| KENNETH REEVES SR | ||||||||||||||
| MANAGING DIRECTOR | $239,816 | $0 | $71,073 | $0 | $52,499 | $0 | $20,923 | $0 | $23,182 | $0 | $407,493 | $0 | $0 | $0 |
| GUS DEERING | ||||||||||||||
| MANAGING DIRECTOR AND CHIEF TECHNOLOGY OFFICER | $122,312 | $0 | $50,000 | $0 | $1,180 | $0 | $191,312 | $0 | $10,511 | $0 | $375,315 | $0 | $0 | $0 |
| HARLAND DOAK | ||||||||||||||
| SENIOR DIRECTOR | $302,310 | $0 | $456,930 | $0 | $2,038 | $0 | $398,391 | $0 | $26,162 | $0 | $1,185,831 | $0 | $456,930 | $0 |
| KENNETH STANDLEY | ||||||||||||||
| SENIOR DIRECTOR | $233,827 | $0 | $110,337 | $0 | $2,039 | $0 | $343,937 | $0 | $30,036 | $0 | $720,176 | $0 | $109,175 | $0 |
| TIMOTHY JONES | ||||||||||||||
| SENIOR DIRECTOR-RISK MANAGMENT | $256,135 | $0 | $88,781 | $0 | $2,521 | $0 | $303,151 | $0 | $28,831 | $0 | $679,419 | $0 | $0 | $0 |
| EDWARD MORRIS | ||||||||||||||
| SENIOR DIRECTOR-INVESTMENTS | $245,886 | $0 | $93,732 | $0 | $2,039 | $0 | $260,280 | $0 | $28,913 | $0 | $630,850 | $0 | $0 | $0 |
| ANSON CHUAH | ||||||||||||||
| ASSOCIATE DIRECTOR-INVESTMENTS | $156,517 | $0 | $189,649 | $0 | $2,101 | $0 | $194,207 | $0 | $11,311 | $0 | $553,785 | $0 | $0 | $0 |
| MICHAEL DEAN | ||||||||||||||
| MANAGING DIRECTOR | $152,039 | $0 | $231,274 | $0 | $1,319 | $0 | $13,074 | $0 | $9,157 | $0 | $406,863 | $0 | $211,963 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 4a Severance or change-of-control payment | The Managing Director, Kenneth Reeves Sr., was paid $50,000 in severance pay per his separation agreement. |
| Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | FOLLOWING ARE THE NAMES OF THE LISTED PERSONS PAID AMOUNTS FOR THE 2022 CALENDAR YEAR UNDER AN ARRANGEMENT DESCRIBED IN 4B: THOMAS BRITTON HARRIS IV $3,105,226 RICHARD HALL $938,264 RODNEY R. RUEBSAHM $296,977 SUSAN CHEN $314,098 EDWARD LEWIS $299,615 UZIEL YOELI $573,370 PATRICK PACE $240,956 JAMES R. KAMPFE $516,647 HARLAND DOAK $456,930 COURTNEY POWERS $140,046 JOAN MOELLER $313,281 ANTHONY CARUSO $118,476 AMANDA HOPPER $144,903 MUKUND JOSHI $133,538 KENNETH STANDLEY $110,337 TIMOTHY JONES $88,781 GARY HILL $170,290 EDWARD MORRIS $93,732 MICHAEL SJOLANDER $200,796 ANSON CHUAH $189,649 MICHAEL DEAN $231,274 |
| Schedule J, Part I, Line 7 Non-fixed payments | AS DISCUSSED IN SCHEDULE O, PART VI, SECTION B, LINE 15A AND B, BASE SALARIES AND PERFORMANCE AWARDS OF KEY INVESTMENT AND OPERATIONS EMPLOYEES ARE DETERMINED PURSUANT TO THE PROVISIONS OF THE UTIMCO COMPENSATION PROGRAM (THE PLAN). THE PERFORMANCE AWARD PROVISIONS OF THE PLAN ARE CONSIDERED A NONQUALIFIED RETIREMENT PLAN UNDER 457(F). THE PLAN IS AN UNFUNDED, UNSECURED LIABILITY OF THE ORGANIZATION TO MAKE PAYMENTS IN ACCORDANCE WITH THE PROVISIONS OF THE PLAN. THE PLAN DESCRIBES AND LISTS THE ELIGIBLE POSITIONS. THE UTIMCO EMPLOYEES WHO HOLD AN ELIGIBLE POSITION WILL BE A PARTICIPANT IN THE PLAN. FOR THE PLAN YEARS 2020, 2021, 2022, AND 2023, THE PERFORMANCE PERIODS WERE JULY 1, 2019, TO JUNE 30, 2020, JULY 1, 2020, TO JUNE 30, 2021, JULY 1, 2021, TO JUNE 30, 2022, AND JULY 1, 2022, TO JUNE 30, 2023, RESPECTIVELY. THE PARTICIPANTS MAY BE MEASURED AGAINST TWO CATEGORIES OF PERFORMANCE STANDARDS: (1) QUANTITATIVE PERFORMANCE AND (2) QUALITATIVE PERFORMANCE. THE QUALITATIVE PERFORMANCE STANDARDS ARE ESTABLISHED JOINTLY BY THE PARTICIPANT AND HIS OR HER SUPERVISOR AND ARE APPROVED BY THE CEO. THE CEO'S PERFORMANCE STANDARDS ARE DETERMINED AND APPROVED BY THE UTIMCO BOARD. UPON COMPLETION OF THE PERFORMANCE PERIOD, THE COMPENSATION COMMITTEE AND UTIMCO BOARD DETERMINE A PARTICIPANT'S LEVEL OF ACHIEVEMENT AGAINST THE PARTICIPANT'S PERFORMANCE STANDARDS. BASED ON THE DETERMINATION OF LEVEL OF ACHIEVEMENT, A PERFORMANCE AWARD IS AWARDED. FIFTY PERCENT TO ONE HUNDRED PERCENT OF THE PERFORMANCE AWARD IS PAID TO THE PARTICIPANT WITHIN 170 DAYS OF THE COMPLETION OF THE PERFORMANCE PERIOD BUT NO LATER THAN THE END OF THE CALENDAR YEAR IN WHICH PERFORMANCE PERIOD ENDS. ZERO TO FIFTY PERCENT OF THE PERFORMANCE AWARD IS TREATED AS A NONVESTED DEFERRED AWARD, SUBJECT TO THE TERMS OF THE PLAN. THE PERCENTAGE TREATED AS A NONVESTED DEFERRED AWARD IS DETERMINED BY THE PLAN, BASED ON EACH ELIBILE POSITION. FOR THE PLAN YEARS 2020, 2021, 2022, AND 2023, ONE HALF OF THE NONVESTED DEFERRED AWARDS VEST IN EACH OF THE FOLLOWING TWO YEARS ON THE ANNIVERSARY DATE OF THE PERFORMANCE PLAN FOR PLAN YEAR. IN CERTAIN CIRCUMSTANCES, AWARDS MAY BE SUBJECT TO HAIRCUT OR CLAWBACK PROVISIONS OR EXTRAORDINARY MANDATORY DEFERRALS. IN PLAN YEAR 2022, THE EXTRAORDINARY MANDATORY DEFERRAL PROVISION OF THE PLAN WAS TRIGGERED FOR CERTAIN PARTICPANTS AND THE DEFERRED AWARDS VESTED ON THE ONE YEAR ANNIVERSARY OF THE PERFORMANCE PLAN YEAR OF JUNE 30, 2023. WHEN A PARTICIPANT MEETS THE RETIREMENT PROVISIONS OF THE PLAN, THE PARTICIPANT'S NONVESTED DEFERRED AWARDS WILL AUTOMATICALLY VEST AND ANY FUTURE AWARDS WILL VEST UPON BEING AWARDED BY THE UTIMCO BOARD. EXCEPT IN LIMITED CIRCUMSTANCES, SUCH AS THE DEATH OR DISABILITY OF A PARTICIPANT, OR INVOLUNTARY TERMINATION FOR REASONS OTHER THAN CAUSE, A PARTICIPANT WHO IS NO LONGER EMPLOYED WITH UTIMCO ON AN ANNIVERSARY DATE WILL FORFEIT ANY NONVESTED DEFERRED AWARDS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | UTIMCO is governed by a nine-member board of directors as required by Texas Education Code, Section 66.08. UTIMCO's Board of Directors consists of seven members appointed by the UT System Board of Regents and two members appointed by the Texas A&M University System Board of Regents. The seven members appointed by the UT System Board of Regents shall include at least three members of the UT System Board, one qualified individual as determined by the UT System Board which may include the Chancellor of the UT System and three with substantial background and expertise in investments. Of the two members appointed by the Texas A&M University System Board, one must have substantial background and expertise in investments. All directors have equal voting rights. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | AS STATED IN 7A ABOVE, THE BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM APPOINTS SEVEN OF THE UTIMCO DIRECTORS AND THE BOARD OF REGENTS OF TEXAS A&M UNIVERSITY SYSTEM APPOINTS TWO. PURSUANT TO AN INVESTMENT MANAGEMENT SERVICES AGREEMENT, UTIMCO IS GRANTED AUTHORITY TO ACT FOR THE UT BOARD OF REGENTS IN THE INVESTMENT OF THE FUNDS UNDER THE MANAGEMENT AND CONTROL OF THE UT BOARD OF REGENTS. HOWEVER, THE UT BOARD OF REGENTS HAS RETAINED FINAL APPROVAL FOR THE INVESTMENT POLICY STATEMENTS COVERING THE FUNDS UNDER INVESTMENT, THE SELECTION OF THE EXTERNAL AUDITOR FOR THE FUNDS, AND THE SELECTION OF THE CUSTODIAN. IN ADDITION, THE UT BOARD OF REGENTS APPROVES THE PROPOSED ANNUAL UTIMCO OPERATING AND CAPITAL BUDGETS, AUDIT AND ETHICS COMMITTEE MEMBERS, AND KEY GOVERNANCE DOCUMENTS, INCLUDING THE ARTICLES OF INCORPORATION, BYLAWS, CODE OF ETHICS, AND UTIMCO COMPENSATION PROGRAM. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE FORM 990 IS COMPLETED BY UTIMCO EMPLOYEES. THE SENIOR MANAGING DIRECTOR AND CHIEF OPERATING OFFICER, WHO IS ALSO A CPA AND SERVES AS THE CORPORATION'S SECRETARY AND TREASURER, PERFORMED A DETAILED, LINE BY LINE REVIEW OF THE INFORMATION REPORTED BY UTIMCO EMPLOYEES. THE 990 WAS PROVIDED TO THE PRESIDENT, CEO, AND CIO AND TO THE BOARD OF DIRECTORS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | ALL UTIMCO DIRECTORS AND EMPLOYEES ARE REQUIRED TO FILE, UPON COMMENCEMENT OF ASSOCIATION WITH UTIMCO, AND ANNUALLY THEREAFTER, A FINANCIAL DISCLOSURE STATEMENT DISCLOSING PERSONAL INVESTMENTS AND RELATIONSHIPS THAT HAVE THE POTENTIAL TO CREATE CONFLICTS OF INTEREST WITH THE CORPORATION. CONFLICTS CHECKS ARE ALSO PERFORMED BEFORE ANY INVESTMENT IS MADE. ADDITIONALLY, THE UTIMCO CHIEF COMPLIANCE OFFICER REVIEWS THE STATEMENTS FILED BY DIRECTORS AND KEY EMPLOYEES AND PERIODICALLY REVIEWS PUBLICLY AVAILABLE RESOURCES TO INDEPENDENTLY VERIFY THE INFORMATION CONTAINED IN THE FINANCIAL DISCLOSURE STATEMENTS. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | THE UTIMCO BOARD CREATED A COMPENSATION COMMITTEE IN 1996. THIS COMMITTEE IS TASKED WITH DETERMINING THE BASE SALARIES AND PERFORMANCE AWARDS OF KEY INVESTMENT AND OPERATIONS EMPLOYEES (OTHER THAN THE CEO), PURSUANT TO THE PROVISIONS OF THE UTIMCO COMPENSATION PROGRAM (THE PLAN). THE COMPENSATION COMMITTEE IS ALSO TASKED WITH RECOMMENDING TO THE UTIMCO BOARD OF DIRECTORS, THE BASE SALARY AND PERFORMANCE INCENTIVE AWARD OF THE CEO. PURSUANT TO THE PLAN, THE COMMITTEE MUST HIRE AN INDEPENDENT CONSULTANT AT LEAST ONCE EVERY THREE YEARS TO PERFORM A COMPENSATION BENCHMARKING STUDY. THE INDEPENDENT CONSULTANT ALSO WORKS CLOSELY WITH THE COMMITTEE ON PLAN DESIGN. IN YEARS IN WHICH A FORMAL STUDY IS NOT PERFORMED, BASE SALARIES MAY BE ADJUSTED BASED ON APPROPRIATE PUBLISHED COMPENSATION SURVEYS. THE LAST COMPENSATION BENCHMARKING STUDY WAS COMPLETED IN MAY 2023. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | THE SPECIFIC POSITIONS INCLUDED IN THE SALARY BENCHMARKING STUDY PERFORMED BY THE OUTSIDE CONSULTANT COMPLETED IN MAY, 2023 WERE AS FOLLOWS: INVESTMENT PROFESSIONALS: CEO & CHIEF INVESTMENT OFFICER DEPUTY CHIEF INVESTMENT OFFICER SENIOR MANAGING DIRECTOR-INVESTMENTS MANAGING DIRECTOR-INVESTMENTS MANAGING DIRECTOR-FIXED INCOME MANAGING DIRECTOR-TAA MANAGING DIRECTOR-RISK MANAGEMENT SENIOR DIRECTOR-INVESTMENTS SENIOR DIRECTOR-FIXED INCOME SENIOR DIRECTOR-TAA DIRECTOR-INVESTMENTS DIRECTOR-TAA DIRECTOR-RISK MANAGEMENT DIRECTOR-CHIEF OF STAFF ASSOCIATE DIRECTOR-INVESTMENTS ASSOCIATE DIRECTOR-TAA ASSOCIATE DIRECTOR-RISK MANAGEMENT ASSOCIATE-INVESTMENTS ASSOCIATE-TAA ASSOCIATE-RISK MANAGEMENT SENIOR ANALYST-INVESTMENTS SENIOR ANALYST-TAA SENIOR ANALYST-RISK MANAGEMENT ANALYST-INVESTMENTS ANALYST-TAA ANALYST-RISK MANAGEMENT OPERATIONS/SUPPORT PROFESSIONALS: CHIEF OPERATING OFFICER CHIEF TECHNOLOGY OFFICER GENERAL COUNSEL AND CHEIF COMPLIANCE OFFICER CORPORATE COUNSEL AND CHIEF COMPLIANCE OFFICER MANAGING DIRECTOR SENIOR INVESTMENT COUNSEL SENIOR DIRECTOR SENIOR DIRECTOR-COMPLIANCE DIRECTOR DIRECTOR-SECURITY; INFORMATION TECHNOLOGY MINUTES ARE MAINTAINED OF ALL OPEN SESSIONS OF THE UTIMCO BOARD AND COMPENSATION COMMITTEE AS REQUIRED BY THE TEXAS OPEN MEETINGS ACT, TEXAS GOVERNMENT CODE, CHAPTER 551. |
| Form 990, Part VI, Line 19 Required documents available to the public | UTIMCO HAS MADE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE ON ITS WEBSITE AT WWW.UTIMCO.ORG. THE YEAR-END AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE BOARD MATERIALS WHICH ARE ALSO AVAILABLE AT THE UTIMCO WEBSITE. UTIMCO IS SUBJECT TO THE TEXAS PUBLIC INFORMATION ACT, TEXAS GOVERNMENT CODE, CHAPTER 552, AND UPON REQUEST, WOULD PROVIDE COPIES FOR INSPECTION OR COPYING TO THE REQUESTOR. |
| Form 990, PART I, PRIOR YEAR, LINES 17-22; Part X, LINES 10a, 10b, 16, 26, 31, 32, 33 | UTIMCO ADOPTED GASB NO. 96, SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS, IN FY 2023. CHANGES ADOPTED TO CONFORM TO THE PROVISIONS OF GASB 96 WERE APPLIED RETROACTIVELY BY RESTATING THE FINANCIAL STATEMENTS FOR THE EARLIEST PERIOD PRESENTED, AUGUST 31, 2022. THEREFORE, SOME OF THE PRIOR YEAR END AMOUNTS HAVE BEEN ADJUSTED ON THIS RETURN. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE UNIVERSITY OF TEXAS SYSTEM | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 W 7TH STREET | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300710145 | EIN |
| Primary Activities | EDUCATION | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(1) | ExemptCodeSectionTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| THE UNIVERSITY OF TEXAS SYSTEM | ||
| K | $3,464,338 | SEE PART VII., SUPPLEMENTAL INFORMATION |
| THE UNIVERSITY OF TEXAS SYSTEM | ||
| L | $67,930,864 | SEE PART VII., SUPPLEMENTAL INFORMATION |
| THE UNIVERSITY OF TEXAS SYSTEM | ||
| P | $144,659 | SEE PART VII., SUPPLEMENTAL INFORMATION |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule R, Part V, Line 1l 67,930,864 | UTIMCO RECEIVED MANAGEMENT FEES FOR ITS INVESTMENT MANAGEMENT AND RELATED SERVICES IN THE AMOUNT OF $67,930,864 FOR THE TAX YEAR. THE AMOUNT OF THE MANAGEMENT FEES WAS BASED ON THE BUDGET APPROVED BY THE UTIMCO BOARD AND UT SYSTEM BOARD OF REGENTS. |
| Schedule R, Part V, Line 1k 3,464,338 | UTIMCO ENTERED INTO A 124-MONTH LEASE AGREEMENT WITH THE UNIVERSITY OF TEXAS SYSTEM EFFECTIVE FEBRUARY 1, 2018 AND SUBSEQUENT AMENDMENT EFFECTIVE MAY 1, 2020, THAT EXTENDS THE LEASE THROUGH MAY 21, 2030. BASE RENT AND OPERATING RENT PAID DURING THE TAX YEAR TOTALED $3,169,363. PARKING EXPENSE IS ALSO PAID TO THE UNIVERSITY OF TEXAS SYSTEM PER THE TERMS OF THE LEASE AND TOTALED $294,975 DURING THE TAX YEAR. |
| Schedule R, Part V, Line 1p 144,659 | UTIMCO CONTRACTS FOR INTERNET, MAINFRAME CONNECTION, TECHNOLOGY SERVICES AND VARIOUS OTHER EXPENSES WITH THE UNIVERSITY OF TEXAS SYSTEM. THE TOTAL FOR THESE SERVICES FOR THE TAX YEAR WAS $144,659. |