Texas A&M Research Foundation
Nonprofit profile at a glance
- EIN
- 741238434
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- College Station, TX, US
- Phone
- (979) 862-6777
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $24,586,697
- Expenses
- $23,683,690
- Assets
- $14,215,804
- Liabilities
- $5,329,655
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- DR COSTAS N GEORGHIADES (President & CEO)
People named in this filing
- JOE ELABD (CHAIRMAN OF BOD)
- DR COSTAS N GEORGHIADES (President & CEO)
- KRISTI M BILLINGER (VICE PRES & COO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Texas A&M Research Foundation is an independent non-profit service organization. Our focus is to facilitate research and development within The Texas A&M University System by providing highly valued administrative services and resource support at the most reasonable cost. We are dedicated to providing a cooperative environment that is challenging, teamwork-oriented, and fosters creativity and initiative for all employees. Professionalism, integrity, and the highest ethical standards is paramount to achieve excellence and to ensure trust and confidence among our customers, employees, and owners.
What it reported doing in 2024
To facilitate research and development within the Texas a&m university system and selected other entities.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - A large share of available resources goes toward mission work. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 50
- Accountability: 36
- Sustainability: 45
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.9%; rating input score 94
- Program expense ratio: 98.9%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.7%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings
Growth
- Program expense growth: -6.7% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -10.8% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -10.8% per year; rating input score 0; 1st percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 93.9% of revenue deployed · 98.9% of spending went to programs
- Governance: 0 of 3 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $23.4M in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes foreign activity
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.