2026-05-11T14:01:22+00:00 2025-06-30 440160260 Forvis Mazars LLP 2700 Post Oak Blvd Ste 1500 Houston TX 77056 990 2024-07-01 741185725 Texas A&M University 12th Man Foundation TEXA 9798468892 PO Box 2800 College Station TX 778412800 Kathleen Curnutt SVP OF FINANCE 2026-05-11 true Amanda Maya P01067777 7134994600 2026-05-15 2024 2025-03-06 01:10:19Z Kathleen Curnutt PO Box 2800 College Station TX 778412800 149565495 false X 12THMANFOUNDATION.COM X 1950 TX THE 12TH MAN FOUNDATION'S MISSION IS TO FUND SCHOLARSHIPS, PROGRAMS AND FACILITIES IN SUPPORT OF CHAMPIONSHIP ATHLETICS AT TEXAS A&M. 15 15 278 26 6338 6338 85274050 101097812 3832238 2711807 6568849 6826427 69608 274766 95744745 110910812 93854727 72924072 0 7371124 7234454 0 17959570 14722600 21196059 115948451 101354585 -20203706 9556227 269975722 289405685 53874167 55693361 216101555 233712324 ENHANCE TEXAS A&M'S ATHLETIC SUCCESS BY FUNDING SCHOLARSHIPS, PROGRAMS AND FACILITIES IN SUPPORT OF CHAMPIONSHIP ATHLETICS; SERVE AS THE OFFICIAL TICKET PROVIDER FOR TEXAS A&M ATHLETICS; PROVIDE INDUSTRY LEADING SERVICE FOR EXISTING AND PROSPECTIVE DONORS false false 72924072 72924072 CONTRIBUTIONS MADE TO OR FOR THE BENEFIT OF TEXAS A&M UNIVERSITY TO PROVIDE SCHOLARSHIPS TO STUDENT ATHLETES AND ADDITIONAL SUPPORT FOR PROGRAMS AND FACILITIES. 4919329 2711807 THE 12TH MAN FOUNDATION SERVES AS THE OFFICIAL TICKET PROVIDER FOR TEXAS A&M ATHLETICS. IN ADDITION, THE FOUNDATION PROVIDES INDUSTRY-LEADING SERVICE FOR EXISTING AND PROSPECTIVE DONORS. ALL COSTS ASSOCIATED WITH TICKET OPERATIONS AND PREMIUM SERVICES ARE CONSIDERED PROGRAM SERVICE EXPENSES. 77843401 true true false false false false false false false true true true false false false false true false false false false false false false false false false true false true false false false false false false false false false false true false false false false false false false false false true 30 0 true 278 true true true false false false true true true true false false false false false false X 15 15 false false true false true true false true true false false false true true true true true true true true false false X KATHLEEN CURNUTT 9798468892 756 HOUSTON STREET COLLEGE STATION TX 778432800 GEORGE TREY HENDERSON CHAIR 1.0 X X 0 0 0 JOE WRIGHT IMMEDIATE PAST CHAIR 1.0 X X 0 0 0 KEVIN MCDONALD PAST CHAIR 1.0 X X 0 0 0 ADAM SINN TRUSTEE 1.0 X 0 0 0 BEAU MARTIN TRUSTEE 1.0 X 0 0 0 BILL SIMS TRUSTEE 1.0 X 0 0 0 BRIAN MILLER TRUSTEE 1.0 X 0 0 0 BRIAN PINTO TRUSTEE 1.0 X 0 0 0 DENNIS CLARK TRUSTEE 1.0 X 0 0 0 DON WHITAKER TRUSTEE 1.0 X 0 0 0 JAMIE DUKE TRUSTEE 1.0 X 0 0 0 JEFF MILLER TRUSTEE 1.0 X 0 0 0 JOSH DAVIS CHAIR ELECT 1.0 X 0 0 0 KENDALL MILLER TRUSTEE 1.0 X 0 0 0 LARRY HODGES TRUSTEE 1.0 X 0 0 0 MAYPHOUS COLLINS TRUSTEE 1.0 X 0 0 0 SID CAUTHORN TRUSTEE 1.0 X 0 0 0 WILLIE WOOD TRUSTEE 1.0 X 0 0 0 KATHLEEN CURNUTT SVP OF FINANCE 40.0 X 300559 0 48199 TRAVIS DABNEY PRESIDENT & CEO, EX-OFFICIO 40.0 X 548258 0 80906 JACOB GREEN JR VP OF PRINCIPAL GIFTS 40.0 X 220203 0 35913 KATELYN BUYS VP OF ADMINISTRATION 40.0 X 200552 0 36037 MICHAEL SOLOMON SVP OF ANNUAL FUND & DONOR SER 40.0 X 244605 0 43883 WALTER BULLARD SVP OF MAJOR GIVING PROGRAMS 40.0 X 299058 0 49254 BRIAN BISHOP VP OF MAJOR GIFTS 40.0 X 244645 0 38728 James Ross Director of Human Resources 40.0 X 134989 0 27356 LACEY WILLIAMS VP OF TICKETING 40.0 X 157451 0 28911 MEGAN DEMSHAR AVP OF FINANCE 40.0 X 193573 0 35119 Michael Smith Assistant Vice President of Major Gifts 40.0 X 135377 0 24288 2679270 0 448594 17 false true false Maroon & White LP 308 George Bush Drive College Station TX 77840 External Marketing Services 6282212 Learfield Communications LLC PO Box 843038 Kansas City MO 64184 External Marketing Services 1858750 Paciolan Inc PO Box 824841 Philadelphia PA 19182 Software Services 972353 Norton Rose Fulbright US LLP PO Box 122613 Dallas TX 75312 Legal Services 298572 Consolidated Printing PO Box 626 Van Buren AR 72957 Printing Services 253571 11 101097812 9846887 101097812 Ticket Handling Revenue 900099 2711807 2711807 0 0 0 0 2711807 3420202 3420202 174350 174350 0 0 42060908 38586076 68607 3474832 -68607 3406225 3406225 Miscellaneous Revenue 900999 94078 94078 Fundraising Services 561499 6338 6338 0 0 0 0 100416 110910812 2711807 6338 7094855 72924072 72924072 2139160 1259894 879266 4117346 1460144 900306 1756896 281377 109242 39264 132871 309176 109212 60669 139295 387395 109176 114949 163270 619542 619542 131898 131898 812352 812352 165135 9605 9591 145939 12130750 500826 48591 11581333 196413 15560 103293 77560 786964 56325 665771 64868 45188 14103 31085 154248 42098 29118 83032 6906 3533 1728 1645 339652 38720 234169 66763 235084 235084 Credit Card Fees/Ticket Processing Fees 2011684 1201279 810405 Donor Expenses 1271707 971553 58411 241743 Catering 1051673 270265 52642 728766 Bad Debts 717794 717794 519069 7688 143257 368124 101354585 77843401 5551614 17959570 0 15081968 18644769 71505004 70458781 334522 408181 0 0 0 0 0 0 0 0 786390 9083770 6514888 3862755 2883838 2652133 56831126 63789895 122520874 124336156 0 0 0 32000 32000 269975722 289405685 1143834 2777331 0 0 52730333 52916030 0 0 0 0 0 0 0 0 0 0 0 0 53874167 55693361 X -17115037 -15190568 233216592 248902892 0 0 0 0 0 0 216101555 233712324 269975722 289405685 9556227 8054542 0 X false true true false X 36263125 135186825 113144785 85274050 101097812 470966597 0 0 36263125 135186825 113144785 85274050 101097812 470966597 39458930 431507667 1016692 175365 1688172 3163618 3594552 9638399 6338 6338 659626 147067 69419 69608 94078 1039798 481651132 11459380 0.89589 0.88514 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - 659626.0, COLUMN B - 147067.0, COLUMN C - 1556.0, COLUMN D - 38311.0, COLUMN E - 94078.0, COLUMN F - 940638.0; DESCRIPTION - FUNDRAISING EVENT INCOME, COLUMN A - , COLUMN B - , COLUMN C - 67863.0, COLUMN D - 31297.0, COLUMN E - , COLUMN F - 99160.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119069372 1172000 10378916 5386072 812352 124421864 115740472 2718521 8202023 6762417 829227 119069372 112173296 1842781 5722632 3120415 877822 115740472 116194905 1393513 -1522834 3101177 791111 112173296 93292202 3990162 29280022 9838621 528860 116194905 0.0 0.5192 0.4808 false false 3668008 2147941 1520067 2457312 1502928 954384 389568 211886 177682 2652133 Closely-held equity interests Financial derivatives Deposits with Texas A&M Foundation 124336156 F 124336156 115441195 8054542 0 8054542 107386653 812352 2711807 3524159 110910812 97830426 -2711807 -2711807 100542233 812352 0 812352 101354585 Schedule D, Part X, Line 2 INCOME TAX LIABILITIES THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds INTENDED USE OF ENDOWMENT FUNDS ALL ARE TO SUPPORT THE TEXAS A&M UNIVERSITY ATHLETIC DEPARTMENT AND THE 12TH MAN FOUNDATION AND ARE PRIMARILY FOR SCHOLARSHIPS AND OTHER ACADEMIC AND PROGRAM SUPPORT. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements TICKET HANDLING REVENUE OFFSETTING AUDIT EXPENSE - 2711807 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 TICKET HANDLING REVENUE OFFSETTING AUDIT EXPENSE - -2711807 true TEXAS A&M UNIVERSITY PO Box 30017 College Station TX 77842 746000531 GOVT 72924072 SCHOLARSHIP AND ATHL 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds MONITORING USE OF GRANT FUNDS IN THE UNITED STATES THE FOUNDATION IS ORGANIZED FOR THE BENEFIT OF TEXAS A&M UNIVERSITY ATHLETICS DEPARTMENT AND AS SUCH TRANSFERS FUNDS IN DIRECT SUPPORT OF THE ATHLETICS DEPARTMENT INCLUDING ITS PROGRAMS, STUDENT ATHLETES, AND FACILITIES. X X X true true X X X X false true false false false false false false false TRAVIS DABNEY PRESIDENT & CEO, EX-OFFICIO 397590 0 125000 0 25668 0 71094 0 9812 0 629164 0 0 0 KATHLEEN CURNUTT SVP OF FINANCE 226723 0 66000 0 7836 0 39525 0 8674 0 348758 0 0 0 KATELYN BUYS VP OF ADMINISTRATION 163427 0 34650 0 2475 0 28611 0 7426 0 236589 0 0 0 WALTER BULLARD SVP OF MAJOR GIVING PROGRAMS 224915 0 57500 0 16643 0 39687 0 9567 0 348312 0 0 0 JACOB GREEN JR VP OF PRINCIPAL GIFTS 167929 0 33000 0 19274 0 28475 0 7438 0 256116 0 0 0 MICHAEL SOLOMON SVP OF ANNUAL FUND & DONOR SER 191700 0 42000 0 10905 0 34510 0 9373 0 288488 0 0 0 BRIAN BISHOP VP OF MAJOR GIFTS 181378 0 45000 0 18267 0 31059 0 7669 0 283373 0 0 0 LACEY WILLIAMS VP OF TICKETING 121051 0 31250 0 5150 0 21675 0 7236 0 186362 0 0 0 MEGAN DEMSHAR AVP OF FINANCE 162013 0 28800 0 2760 0 27608 0 7511 0 228692 0 0 0 Michael Smith Assistant Vice President of Major Gifts 101717 0 20000 0 13660 0 17255 0 7033 0 159665 0 0 0 James Ross Director of Human Resources 108746 0 20394 0 5849 0 19550 0 7806 0 162345 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel 1ST CLASS TRAVEL IS LIMITED TO THE PRESIDENT/CEO AND THE VP OF PRINCIPAL GIFTS BASED UPON APPROVAL. Schedule J, Part I, Line 1a Travel for companions TRAVEL FOR COMPANIONS IS LIMITED TO THE PRESIDENT/CEO AND THE VP OF PRINCIPAL GIFTS AND IS ONLY FOR SPECIAL EVENTS WHERE THEIR SPOUSE IS EXPECTED TO BE THERE TO HELP HOST EVENTS. ON OCCASSION, COMPANIONS OF OTHER EXECUTIVE STAFF MEMBERS MAY BE APPROVED BY THE PRESIDENT/CEO FOR SPECIAL EVENTS WHERE THEIR SPOUSE IS EXPECTED TO BE THERE. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE ORGANIZATION PAYS CLUB DUES FOR TRAVIS DABNEY, WALTER BULLARD, AND JACOB GREEN IN THE AMOUNT OF $748 PER MONTH PER EMPLOYEE. THE ORGANIZATION PAYS CLUB DUES FOR KATHLEEN CURNUTT IN THE AMOUNT OF $594 PER MONTH. ALL DUES ARE PAID PROPERLY AND ARE INCLUDED IN FORM W-2 WAGES AS A FRINGE BENEFIT. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan DURING THE TAX YEAR ENDING 6/30/2025, THE ORGANIZATION ESTABLISHED A 457(F) RETIREMENT PLAN EFFECTIVE AND GRANT DATE OF 07/01/2024 WITH ONE PARTICIPANT, TRAVIS DABNEY, PRESIDENT & CEO. NO AMOUNTS WERE DEPOSITED DURING CALENDAR YEAR 2024 AND THEREFORE NO AMOUNTS ARE INCLUDED IN COMPENSATION IN FORM 990, PART VII AND SCHEDULE J, PART II. DEPOSITS ARE TO BE MADE ANNUALLY WITH THE FIRST DEPOSIT ON 06/30/2025 AND VESTING AT YEARS 3, 5, 7, 9, AND 10 FROM THE GRANT DATE. 96 9846887 Market value 1 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE FOUNDATION ALLOWS DONORS TO CONTRIBUTE STOCKS THROUGH OUTSIDE BROKERAGE AGENCIES INTO A FOUNDATION ACCOUNT. THESE STOCKS ARE THEN SOLD BY THE BROKERAGE AGENCIES AND THE FUNDS ARE TRANSFERRED TO FOUNDATION'S CASH ACCOUNTS. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE FOUNDATION RECEIVED 96 NONCASH CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES Form 990, Part VI, Line 4 Significant changes to organizational documents The organization Updated Certificate of Formation and Bylaws in April 2025. Form 990, Part VI, Line 6 Classes of members or stockholders ANY FORMER STUDENT OF TEXAS A&M UNIVERSITY OR FRIEND OF THE UNIVERSITY MAKING A FINANCIAL CONTRIBUTION DURING THE RELEVANT MEMBERSHIP YEAR SHALL BE ELIGIBLE TO BECOME A MEMBER OF THE FOUNDATION. THOSE ELIGIBLE FOR ANNUAL MEMBERSHIP STATUS SHALL BE APPROVED AND ACCEPTED BY THE FOUNDATION STAFF IN ACCORDANCE WITH CURRENT FOUNDATION POLICIES. THE BOARD OF TRUSTEES, IN ITS SOLE DISCRETION, MAY ESTABLISH a minimum annual financial contribution requirement for members to maintain their Annual Member status, excluding Lifetime Members. The members' sole voting rights are limited to those defined in Sec. 22.164 of the TBOC as a fundamental action, such as an amendment to the Certificate of Formation, merger, acquisition, or a winding up of affairs, and to elect or appoint one or more members to the governing body, the Board of Trustees. Each member shall be entitled to cast only one vote or submit only one proxy in any election conducted by the Foundation. All other voting rights associated with the Foundation's affairs are reserved to the Foundation's governing body, the Board of Trustees. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Annual Meeting of the membership shall be held in the fall of each year, or at such time as designated by the Chair of the Board of Trustees. It may be held in person, by mail, proxy, electronically or in any other manner authorized by the Board of Trustees. If not held in person, the proxy votes for nominated members of the Board of Trustees and Chair-Elect of the Board ("Chair-Elect") can be transmitted by members either by mail or electronic means, including via the Foundation website. Notice of the deadline for voting on nominations shall be made to the last recorded electronic mail or physical mailing address of each member as reflected in the records of the Foundation at least 30 days, but not more than 60 days prior to the deadline date. The written notice shall include, but not be limited to, the notice of election of the Trustees and Chair-Elect. Form 990, Part VI, Line 11b Review of form 990 by governing body THE ORGANIZATION ENGAGES AN OUTSIDE ACCOUNTING FIRM TO PREPARE FORM 990. ONCE PREPARED, THE FORM 990 IS REVIEWED BY BOTH THE PRESIDENT AND SENIOR VICE-PRESIDENT OF FINANCE FOR THE 12TH MAN FOUNDATION WHO REPORT TO THE BOARD OF TRUSTEES. Form 990, Part VI, Line 12c Conflict of interest policy UPON OR BEFORE ELECTION, HIRING OR APPOINTMENT, TRUSTEES AND KEY EMPLOYEES WILL MAKE A FULL, WRITTEN DISCLOSURE OF INTERESTS, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST. THIS WRITTEN DISCLOSURE WILL BE MADE AVAILABLE TO THE BOARD OF TRUSTEES AND WILL BE KEPT ON FILE. TRUSTEES AND KEY EMPLOYEES AGREE TO UPDATE THE WRITTEN DISCLOSURE AS APPROPRIATE. IN THE COURSE OF MEETINGS OR ACTIVITIES, TRUSTEES AND KEY EMPLOYEES WILL DISCLOSE TO ALL PRESENT ANY INTERESTS IN A TRANSACTION OR DECISION WHERE THEY (INCLUDING THEIR BUSINESS OR OTHER NONPROFIT AFFILIATIONS), FAMILY AND/OR SPOUSE, EMPLOYER, OR CLOSE ASSOCIATES COULD RECEIVE A BENEFIT OR GAIN. AFTER DISCLOSURE, THE TRUSTEE OR KEY EMPLOYEE WILL NOT PARTICIPATE IN THE DISCUSSION OF THE QUESTION NOR VOTE ON THE QUESTION. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE DETERMINATION OF COMPENSATION FOR EXECUTIVES AND KEY EMPLOYEES IS DETERMINED BASED ON COMPARISON WITH SEVERAL PARAMETERS: A) INDUSTRY STANDARDS FOR NON-PROFIT ORGANIZATIONS AND ASSOCIATIONS AS REPRESENTED IN INDEPENDENT PUBLICATIONS REVIEWING ORGANIZATIONS OF THIS INDUSTRY; B) PEER REVIEW OF OTHER NON-PROFIT FUNDRAISING ORGANIZATIONS OF SIMILAR STRUCTURE AND DONATION SIZE AT OTHER UNIVERSITIES; C) OTHER NON-PROFIT FUNDRAISING GROUPS AT TEXAS A&M UNIVERSITY AND D) A COMPENSATION MATRIX BASED ON PERFORMANCE VERSUS ESTABLISHED GOALS. THE LAST REVIEW WAS CONDUCTED BY ALVAREZ & MARSAL IN MAY OF 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE DETERMINATION OF COMPENSATION FOR EXECUTIVES AND KEY EMPLOYEES IS DETERMINED BASED ON COMPARISON WITH SEVERAL PARAMETERS: A) INDUSTRY STANDARDS FOR NON-PROFIT ORGANIZATIONS AND ASSOCIATIONS AS REPRESENTED IN INDEPENDENT PUBLICATIONS REVIEWING ORGANIZATIONS OF THIS INDUSTRY; B) PEER REVIEW OF OTHER NON-PROFIT FUNDRAISING ORGANIZATIONS OF SIMILAR STRUCTURE AND DONATION SIZE AT OTHER UNIVERSITIES; C) OTHER NON-PROFIT FUNDRAISING GROUPS AT TEXAS A&M UNIVERSITY AND D) A COMPENSATION MATRIX BASED ON PERFORMANCE VERSUS ESTABLISHED GOALS. THE LAST REVIEW WAS CONDUCTED BY ALVAREZ & MARSAL IN MAY OF 2024. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES FINANCIAL STATEMENTS AND ITS BYLAWS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. THE ORGANIZATION DOES NOT MAKE CONFLICT OF INTEREST DOCUMENTS AVAILABLE TO THE PUBLIC.