Greater Texas Foundation in Bryan, Texas (TX)

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Greater Texas Foundation
Employer Identification Number (EIN)742158821
Name of OrganizationGreater Texas Foundation
Address6100 Foundation Place Dr, Bryan, TX 77807-1105
ActivitiesOther school related activities
SubsectionCharitable Organization
Ruling Date05/1980
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$334,502,431
Amount of Income$42,177,004
Form 990 Revenue Amount$19,094,227
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2013: $42,177,004
This organization: 

 $42,177,004
Other organizations performing similar types of work: 

 $41,648

Assets in 2013: $334,502,431
Greater Texas Foundation: 

 $334,502,431
Other organizations performing similar types of work: 

 $65,578

Expenses in 2013: $7,178,108
This organization: 

 $7,178,108
Other organizations performing similar types of work: 

 $24,455

Income to expenses ratio in 2013: 5.9
This organization: 

 5.9
Other organizations performing similar types of work: 

 0.5

Expenses allocated to program services in 2007: 92.0%
This organization: 

 92.0%
Other organizations performing similar types of work: 

 81.7%

Employees paid over $100,000 in 2013: 14.3%
Greater Texas Foundation: 

 14.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 6.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?NoNo
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?YesYes
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 1096231922
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return141214
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$519,921$521,399
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$34,139$34,824
Total number of individuals who received more than $100,000 of reportable compensation from the organization11
Total number of independent contractors who received more than $100,000 of compensation from the organization11
Statement of Revenue
2010201120122013
Total revenue$6,465,054$10,374,992$12,840,478$19,094,227
Contributions, Gifts, Grants and Other Similar Amounts$0$0$0$0
Program Service Revenue$4,330,303$4,186,583$3,721,313$3,075,376
523000$4,186,583$3,721,313$3,075,376
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$7,667,259$3,632,668$4,418,368$4,752,343
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$-5,532,508$2,555,741$4,700,797$11,266,508
Gross amount from sales of assets other than inventory (Securities / Other)$36,188,008 / $5,297,771$27,127,030 / $4,081,291$14,134,050 / $4,146,396$27,408,632 / $6,940,653
Less: cost or other basis and sales expenses (Securities / Other)$47,018,287 / $0$28,652,580 / $0$13,579,649 / $0$23,082,777 / $0
Gain or (loss) (Securities / Other)$-10,830,279 / $5,297,771$-1,525,550 / $4,081,291$554,401 / $4,146,396$4,325,855 / $6,940,653
Net income/loss from fundraising events$0$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$0$0
Statement of Functional Expenses
2010201120122013
Total functional expenses$8,124,702$8,858,176$4,833,659$7,178,108
Grants and other assistance to domestic organizations and domestic governments$5,076,297$1,070,685$3,538,192
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$536,633$520,310$554,060$555,826
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$379,352$424,496$428,139$442,184
Pension plan accruals and contributions$36,732$41,278$41,981
Other employee benefits$61,711$72,739$70,449
Payroll taxes$38,574$39,864$43,977$44,155
Fees for services (non-employees)
Management$0$0$0
Legal$0$34,434$26,000
Accounting$100,679$108,849$103,572
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$375,636$393,057$426,206
Other$862,587$718,930$672,394
Advertising and promotion$0$0$0
Office expenses$98,079$86,215$104,117
Information technology$7,100$9,800$17,450
Royalties$0$0$0
Occupancy$74,878$59,207$66,945
Travel$140,230$149,292$141,782
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$11,385$6,156$10,095
Interest$821,385$721,763$535,841
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$131,690$223,874$218,298
Insurance$31,442$37,059$37,265
Other expenses$21,458$55,462$98,252
Other expenses$10,200$8,700$20,000
Other expenses$6,777$5,623$5,299
Other expenses$5,240$4,360$1,805
Balance Sheet
2010201120122013
Total assets$365,865,880$341,729,238$326,252,758$334,502,431
Cash - non-interest-bearing$0$0$0
Savings and temporary cash investments$13,827,720$7,685,146$13,156,503
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$0$0$2,000,000
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$175,457$136,064$110,114
Land, buildings, and equipment: cost or other basis$8,630,228$8,447,311$8,279,966
Investments - publicly traded securities$110,166,407$124,949,185$131,915,470
Investments - other securities$66,842,421$71,173,405$81,414,219
Investments - program-related$142,087,005$113,861,646$97,626,158
Intangible assets$0$0$0
Other assets$0$1$1
Total liabilities$172,428,766$153,651,187$118,316,984$99,287,802
Accounts payable and accrued expenses$398,989$414,266$382,369
Grants payable$10,107,902$7,335,353$7,346,710
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$163,293,754$143,144,296$110,567,365$91,558,723
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$193,437,114$188,078,051$207,935,774$235,214,629
Unrestricted net assets$188,078,051$207,935,774$235,214,629
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$36,385,948
Subtotal$36,385,948
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$36,385,948
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$52,771,030
Public support$36,385,948
Subtotal$16,046,811
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$16,046,811
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$338,271
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$24,275,837$5,429,215$1,925,472$3,197,223$5,581,154$92,093,380$22,900,827$37,105,278
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$21,768,559$0$897,012$2,053,010$4,117,419$6,578,552$9,961,684$14,434,278
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$2,507,278$5,429,215$342,884$413,873$1,038,022$3,072,077$1,436,335$1,106,223
Dividends and interest from securities$0$0$0$0$0$0$3,184,612$3,736,633
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$687,137$491,852$86,712$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$-1,561$238,488$338,817$82,442,751$8,318,196$17,828,144
Gross amount from sales of assets other than inventory$0$0$0$1,024,866$2,106,414$164,038,446$17,058,298$43,201,480
Less: cost or other basis and sales expenses$0$0$1,561$786,378$1,767,597$81,595,695$8,740,102$25,373,336
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$184$0$0$0
Total expenses$21,055,047$326,392$2,454,707$2,496,172$4,853,106$8,547,102$14,698,480$22,709,057
Program services$18,809,298$200,000$2,116,188$2,118,956$4,308,121$7,639,669$13,538,167$20,888,748
Management and general$2,245,749$126,392$338,519$377,216$544,985$907,433$1,160,313$1,820,309
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$54,990,065$61,572,329$70,264,533$79,880,107$104,012,411$191,333,856$213,754,295$224,537,105
Excess or (deficit) for the year$3,220,790$5,102,823$-529,235$701,051$728,048$83,546,278$8,202,347$14,396,221
Net assets or fund balances at beginning of year$50,039,700$54,990,065$61,572,329$70,264,533$79,880,107$104,012,411$191,333,856$213,754,295
Other changes in net assets or fund balances$1,729,575$1,479,441$9,221,439$8,914,523$23,404,256$3,775,167$14,218,092$-3,613,411
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$22,709,057$20,888,748$1,820,309$0
Grants paid from donor advised funds$0
Other grants and allocations$4,279,934
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$621,923$7,825$614,098$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$139,024$0$139,024$0
Pension plan contributions not included above$10,037$0$10,037$0
Employee benefits not included above$11,156$0$11,156$0
Payroll taxes$16,545$0$16,545$0
Professional fundraising fees$0$0$0$0
Accounting fees$84,998$0$84,998$0
Legal fees$17,814$0$17,814$0
Supplies$65,914$0$65,914$0
Telephone$12,660$0$12,660$0
Postage and shipping$6,911$0$6,911$0
Occupancy$32,154$0$32,154$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$11,457$0$11,457$0
Travel$142,333$0$142,333$0
Conferences, conventions, and meetings$0$0$0$0
Interest$11,554,423$11,494,423$60,000$0
Depreciation, depletion, etc.$6,907$0$6,907$0
Other expenses not covered above$5,694,867$5,106,566$588,301$0
Balance Sheets
20002001200220032004200520062007
Total assets$54,990,065$61,667,382$109,667,424$118,491,630$224,299,234$302,413,738$412,813,403$429,256,232
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$12,990,314$13,260,775$10,068,416$9,241,780$18,912,964$81,453,434$20,983,458$8,528,495
Accounts receivable less allowance for doubtful accounts$13,526,253$493,049$971,013$614,878$1,290,276$90,817,006$184,893,850$194,383,223
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$12,975,288$45,402,949$41,836,368$109,383,490$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$83,333$240,213$20,000$288,953$4,836,707
Investments - publicly-traded securities$169,553,699$168,496,234
Investments - other securities$0$29,952,939$48,239,715$61,729,940$89,486,960$129,953,259$37,093,443$52,962,982
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$48,591
Other assets, including program-related investments$28,473,498$4,985,331$4,985,331$4,985,331$4,985,331$170,039$0$0
Total liabilities$0$95,053$39,402,891$38,611,523$120,286,823$111,079,882$199,059,108$204,719,127
Accounts payable and accrued expenses$0$95,053$240,177$190,033$604,630$2,123,127$2,147,747$2,218,237
Grants payable$0$0$1,408,380$1,564,238$1,180,756$983,709$1,921,017$3,646,039
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$37,754,334$36,857,252$118,501,437$107,973,046$194,990,344$198,854,851
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$54,990,065$61,667,382$109,667,424$118,491,630$224,299,234$302,413,738$412,813,403$429,256,232
Total net assets or fund balances$54,990,065$61,572,329$70,264,533$79,880,107$104,012,411$191,333,856$213,754,295$224,537,105
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$5,429,215$1,925,472$3,197,223$5,581,154$92,093,380$22,900,827$37,105,278
Total revenue, gains, and other support per audited financial statements$0$6,419,791$1,866,548$5,375,220$6,210,967$11,907,825$37,118,919$32,656,347
Other expenses$0$990,576$-58,924$2,377,831$629,813$851,779$14,218,092$-3,613,411
Net unrealized gains on investments$0$0$-16,173$2,477,280$1,214,019$851,779$14,218,092$-3,613,411
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$990,576$-42,751$-99,449$-584,206$0$0$0
Other revenue$0$0$0$199,834$0$81,037,334$0$835,520
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$199,834$0$81,037,334$0$835,520
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$326,392$2,454,707$2,496,172$4,853,106$8,547,102$14,698,480$22,709,057
Total expenses and losses per audited financial statements$0$409,456$2,411,955$2,396,723$4,268,900$7,710,960$14,698,480$21,873,537
Other revenue$0$83,064$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$83,064$0$0$0$0$0$0
Other expenses$0$0$42,752$99,449$584,206$836,142$0$835,520
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$42,752$99,449$584,206$836,142$0$835,520
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
5$31,667$0$0
15$28,000$0$0
5$28,000$0$0
12$24,000$0$0
4$24,000$0$0
10$28,000$0$0
10$28,000$0$0
9$28,000$0$0
6$28,000$0$0
3$24,000$0$0
40$170,343$21,709$0
39$150,379$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings10
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$22,809,308$14,295,970
Program service revenue
Program service revenue 1000000$000$0$10,511,195
Program service revenue 2000000$000$0$2,586,056
Program service revenue 3000000$000$0$1,198,719
Program service revenue 4000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$138,308$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,106,223$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$3,736,633$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$17,828,144$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$50,000$10,737$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000200120022003200420052006
Total$45,393,889$25,616,591$443,884$1,576,145$3,171,458$5,242,337$9,650,629$13,359,602
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$39,775,308$23,109,313$0$998,179$2,265,733$4,117,419$6,578,552$8,964,720
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$5,618,581$2,507,278$443,884$577,966$905,725$1,124,734$3,072,077$4,394,882
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$184$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-519,022$0$-519,022
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-519,022$0$-519,022
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-519,022
Unrelated business taxable income before net operating loss deduction$-519,022
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-519,022
Specific deduction$0
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2Trinity Higher Education Authority Inc2600 Washington Avenue, Waco, TX 76710TX2015-03$138,316,451
3Greater Texas Foundation6100 Foundation Place Dr, Bryan, TX 77807-1105TX1980-05$42,177,004
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Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,084
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,482

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