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Nonprofit · EIN 23-7109244

UNIVERSITY OF TEXAS FOUNDATION NO 1 INC

Tax-exempt · AUSTIN, TX 78759

Financials

$2.3M$854K2023$389K$389K2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF TEXAS FOUNDATION NO 1 INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$389,452$389,015$437$2,268,343$2,260,162$8,181
December 31, 2023990$2,264,148$853,516$1,410,632$2,267,744$2,260,000$7,744
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$389,000
Program service revenue
$0
Investment income
$452
Other revenue
$0

Expenses

Grants and similar amounts paid
$389,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$389,000
Management and general (functional)
$15

Balance sheet and other

Total assets, start of year
$2,267,744
Total assets, end of year
$2,268,343
Total liabilities, end of year
$2,260,162
Net assets, end of year
$8,181
Land, buildings and equipment
$2,260,000
Net assets without donor restrictions
$6,999
Net assets with donor restrictions
$1,182
Gross receipts
$738,452
Employees
0
Volunteers
0
Year formed
1971
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
SHERI DESPAINEXECUTIVE DIRECTOR AND CFO
Officer
1$0$205,541$28,657
HECTOR DE LEONPRESIDENT
Trustee or director, Officer
1$0$0$0
SHANNON RATLIFFVP AND SECRETARY
Trustee or director, Officer
1$0$0$0
MIKE COOKVP AND TREASURER
Trustee or director, Officer
1$0$0$0
BRUCE RIDEAUXTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SHERI DESPAINEXECUTIVE DIRECTOR AND CFO
Officer
1$0$190,800$25,282
HECTOR DE LEONPRESIDENT
Trustee or director, Officer
1$0$0$0
SHANNON RATLIFFVP AND SECRETARY
Trustee or director, Officer
1$0$0$0
MIKE COOKVP AND TREASURER
Trustee or director, Officer
1$0$0$0
BRUCE RIDEAUXTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
9011 MOUNTAIN RIDGE DR STE 150, AUSTIN, TX 78759-7396
Principal officer (990 for 2024)
HECTOR DELEON, 9011 MOUNTAIN RIDGE DRIVE 150, AUSTIN, TX 78759
Signed the 990
SHERI DESPAIN, EXECUTIVE DIRECTOR & CFO
Phone
(512) 473-8985
Website
UTXF.ORG
Return prepared by
MAXWELL LOCKE & RITTER LLP

Mission

TO SUPPORT THE UNIVERSITY OF TEXAS SYSTEM

990 for the year ended December 31, 2024

Program accomplishments

  • TO SUPPORT THE UNIVERSITY OF TEXAS SYSTEM
    Expenses $389,000 · grants $389,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7109244
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,268,343
Income (IRS master file)
$738,452

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$389,452$389,015$2,268,343XML
990December 2023$2,264,148$853,516$2,267,744XML
990December 2022$850,112$13$857,112IRS
990-EZDecember 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7109244).

Questions about UNIVERSITY OF TEXAS FOUNDATION NO 1 INC

What is the EIN of UNIVERSITY OF TEXAS FOUNDATION NO 1 INC?
The employer identification number (EIN) of UNIVERSITY OF TEXAS FOUNDATION NO 1 INC is 23-7109244.
Is UNIVERSITY OF TEXAS FOUNDATION NO 1 INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to UNIVERSITY OF TEXAS FOUNDATION NO 1 INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does UNIVERSITY OF TEXAS FOUNDATION NO 1 INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UNIVERSITY OF TEXAS FOUNDATION NO 1 INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNIVERSITY OF TEXAS FOUNDATION NO 1 INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of UNIVERSITY OF TEXAS FOUNDATION NO 1 INC?
The 990 for the year ended December 31, 2024 names HECTOR DELEON.
Who are the officers and directors of UNIVERSITY OF TEXAS FOUNDATION NO 1 INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does UNIVERSITY OF TEXAS FOUNDATION NO 1 INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $389,452, expenses of $389,015 and total assets of $2,268,343 at year end.

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