Nonprofit · EIN 23-7232618
UNIVERSITY OF NORTH TEXAS FOUNDATION INC
Tax-exempt · DENTON, TX 76203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $20,497,479 | $14,148,870 | $6,348,609 | $415,501,653 | $115,222,365 | $300,279,288 |
| August 31, 2024 | 990 | $24,290,731 | $12,355,070 | $11,935,661 | $370,133,706 | $94,289,206 | $275,844,500 |
| August 31, 2023 | 990 | $20,752,064 | $12,775,921 | $7,976,143 | $324,598,736 | $84,915,773 | $239,682,963 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $8,547,913
- Program service revenue
- $1,808,473
- Investment income
- $8,786,347
- Net gain from sales of assets
- $3,834,601
- Other revenue
- $1,354,746
Expenses
- Grants and similar amounts paid
- $12,371,865
- Compensation of officers, directors and key employees
- $1,014,324
- Other salaries and wages
- $209,086
- Salaries, compensation and benefits (total)
- $1,548,561
- Professional fundraising fees
- $0
- Legal fees
- $7,401
- Accounting fees
- $35,150
- Program services (functional)
- $12,371,865
- Management and general (functional)
- $1,777,005
Balance sheet and other
- Total assets, start of year
- $370,133,706
- Total assets, end of year
- $415,501,653
- Total liabilities, end of year
- $115,222,365
- Net assets, end of year
- $300,279,288
- Land, buildings and equipment
- $12,860
- Net assets without donor restrictions
- $12,166,522
- Net assets with donor restrictions
- $288,112,766
- Gross unrelated business income
- $17,682
- Gross receipts
- $75,940,719
- Employees
- 8
- Volunteers
- 250
- Year formed
- 1972
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNETTE GILLIS | President & CEO Officer | 40 | $396,600 | $23,000 |
| ZED E STEPHENS | Vice President Officer | 40 | $244,976 | $30,500 |
| MOLLY H MORGAN | Vice President Officer | 40 | $132,349 | $15,997 |
| KAREN RAITZ | CFO Officer | 40 | $121,966 | $15,545 |
| WESLEY DAVIS | CONTROLLER (PAST) | 40 | $118,433 | $7,876 |
| JIM MCNATT | Director Trustee or director | 2 | $0 | $0 |
| TREY CRAWFORD | Director Trustee or director | 2 | $0 | $0 |
| SONJA RODGERS | Director Trustee or director | 2 | $0 | $0 |
| THOMAS E MUIR | Director Trustee or director, Officer | 2 | $0 | $0 |
| HARRY JOE | Director Trustee or director, Officer | 2 | $0 | $0 |
| BOB SHERMAN | Director Trustee or director | 2 | $0 | $0 |
| BRAD BOURLAND | Director Trustee or director | 2 | $0 | $0 |
| CHARLIE SMITH | Director Trustee or director | 2 | $0 | $0 |
| SAM GOLDEN | Director Trustee or director, Officer | 2 | $0 | $0 |
| BEN JOYNER | Director Trustee or director, Officer | 2 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BURGESS | Director Trustee or director | 2 | $0 |
| RYAN FARHA | Director Trustee or director | 2 | $0 |
| DREW SPRINGER SR | Director Trustee or director | 2 | $0 |
| JAIME GRASSI | Director Trustee or director | 2 | $0 |
| DIANN HUBER | Director Trustee or director | 2 | $0 |
| C DAN SMITH | Director Trustee or director | 2 | $0 |
| GAYLE STRANGE | Director Trustee or director | 2 | $0 |
| JONATHON FITE | Director Trustee or director | 2 | $0 |
| RANDY ROBASON | Director Trustee or director | 2 | $0 |
| CHRIS WATTS | Director Trustee or director | 2 | $0 |
| DELI COLE LEONCE | Director Trustee or director | 2 | $0 |
| GILBERT GERST | Director Trustee or director | 2 | $0 |
| MARY MATRANGA | Director Trustee or director | 2 | $0 |
990 for the year ended August 31, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MIKE MLINAC | PRESIDENT & CEO (PAST) | 40 | $328,402 | $30,000 |
| ZED E STEPHENS | Vice President Officer | 40 | $189,975 | $22,500 |
| LYNETTE GILLIS | President & CEO Officer | 40 | $137,028 | $8,823 |
| KEN WILSON PAST | Controller Officer | 40 | $132,646 | $7,594 |
| WESLEY DAVIS | Controller Officer | 40 | $125,944 | $8,972 |
| MOLLY H MORGAN | Vice President Officer | 40 | $99,062 | $11,140 |
| ALFRED J LOCKWOOD | V P - INV ADM (PAST) | 40 | $73,333 | $0 |
| JIM MCNATT | Director Trustee or director | 2 | $0 | $0 |
| TREY CRAWFORD | Director Trustee or director | 2 | $0 | $0 |
| SONJA RODGERS | Director Trustee or director | 2 | $0 | $0 |
| THOMAS E MUIR | Director Trustee or director, Officer | 2 | $0 | $0 |
| HARRY JOE | Director Trustee or director, Officer | 2 | $0 | $0 |
| BOB SHERMAN | Director Trustee or director | 2 | $0 | $0 |
| BRAD BOURLAND | Director Trustee or director | 2 | $0 | $0 |
| CHARLIE SMITH | Director Trustee or director | 2 | $0 | $0 |
| SAM GOLDEN | Director Trustee or director, Officer | 2 | $0 | $0 |
| BEN JOYNER | Director Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL BURGESS | Director Trustee or director | 2 | $0 | $0 |
| RYAN FARHA | Director Trustee or director | 2 | $0 | $0 |
| DREW SPRINGER SR | Director Trustee or director | 2 | $0 | $0 |
| JAIME GRASSI | Director Trustee or director | 2 | $0 | $0 |
| DIANN HUBER | Director Trustee or director | 2 | $0 | $0 |
| C DAN SMITH | Director Trustee or director | 2 | $0 | $0 |
| GAYLE STRANGE | Director Trustee or director | 2 | $0 | $0 |
| TIMOTHY L DWIGHT | Director Trustee or director | 2 | $0 | $0 |
| JONATHON FITE | Director Trustee or director | 2 | $0 | $0 |
| RANDY ROBASON | Director Trustee or director | 2 | $0 | $0 |
| CHRIS WATTS | Director Trustee or director | 2 | $0 | $0 |
| DELI COLE | Director Trustee or director | 2 | $0 | $0 |
| GILBERT GERST | Director Trustee or director | 2 | $0 | $0 |
| AARON JUNK | Director Trustee or director | 2 | $0 | $0 |
| SONJA ROGERS | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended August 31, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MIKE MLINAC PAST | President & CEO Officer | 40 | $389,150 | $27,000 |
| ALFRED J LOCKWOOD PAST - V P | INVESTMENT ADM. Officer | 40 | $273,626 | $15,727 |
| ZED E STEPHENS - VP | INVESTMENT ADM. Officer | 40 | $130,422 | $19,488 |
| AMBER BOTHWELL | CONTROLLER (PAST) | 40 | $98,368 | $9,819 |
| MOLLY H MORGAN | V. P.-ADMIN. Officer | 40 | $96,450 | $10,850 |
| WESLEY DAVIS | Controller Officer | 40 | $35,006 | $2,494 |
| JIM MCNATT | Director Trustee or director | 2 | $0 | $0 |
| TREY CRAWFORD | Director Trustee or director | 2 | $0 | $0 |
| SONJA RODGERS | Director Trustee or director | 2 | $0 | $0 |
| THOMAS E MUIR | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| HARRY JOE | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| BOB SHERMAN | Director Trustee or director | 2 | $0 | $0 |
| BRAD BOURLAND | Director Trustee or director | 2 | $0 | $0 |
| CHARLIE SMITH | Director Trustee or director | 2 | $0 | $0 |
| SAM GOLDEN | Director Trustee or director | 2 | $0 | $0 |
| BEN JOYNER | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| CATHY BRYCE | Chair Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL BURGESS | Director Trustee or director | 2 | $0 | $0 |
| RYAN FARHA | Director Trustee or director | 2 | $0 | $0 |
| DREW SPRINGER SR | Director Trustee or director | 2 | $0 | $0 |
| JAIME GRASSI | Director Trustee or director | 2 | $0 | $0 |
| DIANN HUBER | Director Trustee or director | 2 | $0 | $0 |
| C DAN SMITH | Secretary Trustee or director | 2 | $0 | $0 |
| MARY MATRANGA | Director Trustee or director | 2 | $0 | $0 |
| GAYLE STRANGE | Director Trustee or director | 2 | $0 | $0 |
| TIMOTHY L DWIGHT | Director Trustee or director | 2 | $0 | $0 |
| JONATHON FITE | Director Trustee or director | 2 | $0 | $0 |
| RANDY ROBASON | Director Trustee or director | 2 | $0 | $0 |
| CHRIS WATTS | Director Trustee or director | 2 | $0 | $0 |
| KEN WILSON PAST | Controller Officer | 40 | $0 | $0 |
| LYNETTE GILLIS | President & CEO Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1155 UNION CIRCLE 311250, DENTON, TX 76203-5017
- Signed the 990
- KAREN K RAITZ, CFO
- Phone
- (940) 565-4555
- Website
- endow.unt.edu
- Return prepared by
- Hankins Eastup Deaton Tonn Seay & Scarbo
Mission
THE UNIVERSITY OF NORTH TEXAS FOUNDATION, INC. SERVES AS UNT'S STRATEGIC PARTNER IN MANAGING AND GROWING PRIVATE ASSETS FOR SUPPORT OF THE UNIVERSITY'S MISSION. UNTF'S CONTINUITY, FLEXIBILITY, AND CREATIVE SOLUTIONS CONTRIBUTE TO FULLY REALIZING UNT'S POTENTIAL.
Program accomplishments
- DISTRIBUTIONS, PASS-THROUGH GRANTS, AND BOARD-DESIGNATED GRANTS TO BENEFIT THE UNIVERSITY OF NORTH TEXAS.Expenses $7,077,043 · grants $7,077,043
- CONTRIBUTIONS AND RESOURCES WERE USED TO SUPPORT THE UNIVERSITY OF NORTH TEXAS AND ITS STUDENTS BY PROMOTING THE GROWTH AND EXPANSION OF ACADEMIC AND OTHER PROGRAMS AND STUDENT SCHOLARSHIPS. SCHOLARSHIPS, AWARDS, AND REIMBURSEMENTS TO INDIVIDUALS AT UNT.Expenses $4,004,693 · grants $4,004,693
- SERVICES FOR PROGRAMS IN SUPPORT OF THE UNIVERSITY OF NORTH TEXAS.Expenses $1,281,129 · grants $1,281,129
- SCHOLARSHIP AWARDS TO OTHER INSTITUTIONS.Expenses $9,000 · grants $9,000
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 23-7232618
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30I)
- Assets (IRS master file)
- $415,501,653
- Income (IRS master file)
- $75,940,719
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $20,497,479 | $14,148,870 | $415,501,653 | IRS |
| 990 | August 2024 | $24,290,731 | $12,355,070 | $370,133,706 | XML |
| 990 | August 2023 | $20,752,064 | $12,775,921 | $324,598,736 | XML |
| 990 | August 2022 | $18,135,985 | $12,300,361 | $307,856,436 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | 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 23-7232618).
Questions about UNIVERSITY OF NORTH TEXAS FOUNDATION INC
- What is the EIN of UNIVERSITY OF NORTH TEXAS FOUNDATION INC?
- The employer identification number (EIN) of UNIVERSITY OF NORTH TEXAS FOUNDATION INC is 23-7232618.
- Is UNIVERSITY OF NORTH TEXAS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to UNIVERSITY OF NORTH TEXAS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF NORTH TEXAS FOUNDATION 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 NORTH TEXAS FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF NORTH TEXAS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who are the officers and directors of UNIVERSITY OF NORTH TEXAS FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 28 people; 5 received compensation from the organization, the highest $396,600 (LYNETTE GILLIS, President & CEO).
- How much revenue does UNIVERSITY OF NORTH TEXAS FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $20,497,479, expenses of $14,148,870 and total assets of $415,501,653 at year end.
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