Texas State University System Foundation
Nonprofit profile at a glance
- EIN
- 741946138
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Austin, TX, USA
- Phone
- 5124634862
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $1,611,096
- Expenses
- $1,254,092
- Assets
- $7,687,605
- Liabilities
- $65,596
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- MIKE WINTEMUTE (EXECUTIVE DIRECTOR)
People named in this filing
- CHARLIE AMATO (CHAIRMAN)
- DAVID MONTAGNE (BOARD MEMBER)
- RON MITCHELL (BOARD MEMBER)
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
Public charitable uses and purposes for the benefit of the Texas state university system and its components by providing, directly or indirectly, assistance and benefits to the system and/ or the systems components.
What it reported doing in 2024
The institutional enhancement grant program provided funding for special initiatives of the system and/or component institutions, at the boards discretion.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 27
- Transparency & Controls: 85
- Accountability: 100
- Sustainability: 80
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 32.4%; rating input score 32
- Program expense ratio: 27.8%; rating input score 28
- Fundraising efficiency: $0.09 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 3rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 22.2%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 6.13; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 70; 70th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -20.7% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 12.9% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: -2.4% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 32.4% of revenue deployed · 27.8% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $349K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 22 of 24 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes grants
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
- High — Financial Efficiency: Program expense ratio scored 28/100.
- High — Financial Efficiency: Fundraising efficiency scored 2/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.