Nonprofit · EIN 74-6173027
UNIVERSITY OF TEXAS FOUNDATION NO 2 INC
Tax-exempt · AUSTIN, TX 78759
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $425,928 | $133,104 | $292,824 | $866,945 | $0 | $866,945 |
| December 31, 2023 | 990-EZ | $14,996 | $22,685 | -$7,689 | $164,001 | $0 | $164,001 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $3,545
- Royalties
- $397,252
- Net rental income
- $25,131
- Other revenue
- $422,383
Expenses
- Grants and similar amounts paid
- $123,862
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,975
- Program services (functional)
- $123,862
- Management and general (functional)
- $9,242
Balance sheet and other
- Total assets, start of year
- $164,001
- Total assets, end of year
- $866,945
- Total liabilities, end of year
- $0
- Net assets, end of year
- $866,945
- Net assets without donor restrictions
- $60,494
- Net assets with donor restrictions
- $806,451
- Gross receipts
- $425,928
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHERI DESPAIN | EXECUTIVE DIRECTOR AND CFO Officer | 1 | $0 | $205,541 | $28,657 |
| HECTOR DE LEON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHANNON RATLIFF | VP AND SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIKE COOK | VP AND TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRUCE RIDEAUX | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HECTOR DE LEON | PRESIDENT | 1 | $0 |
| SHANNON RATLIFF | VP AND SECRETARY | 1 | $0 |
| MIKE COOK | VP AND TREASURER | 1 | $0 |
| SHERI DESPAIN | EXECUTIVE DIRECTOR AND CFO | 1 | $0 |
| BRUCE RIDEAUX | TRUSTEE | 1 | $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
Program accomplishments
- DISTRIBUTION FOR THE ULTIMATE BENEFIT OF THE UNIVERSITY OF TEXS SYSTEM ENDOWMENTExpenses $123,862 · grants $123,862
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 74-6173027
- 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
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $866,945
- Income (IRS master file)
- $425,928
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $425,928 | $133,104 | $866,945 | XML |
| 990-EZ | December 2023 | $14,996 | $22,685 | $164,001 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 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 74-6173027).
Questions about UNIVERSITY OF TEXAS FOUNDATION NO 2 INC
- What is the EIN of UNIVERSITY OF TEXAS FOUNDATION NO 2 INC?
- The employer identification number (EIN) of UNIVERSITY OF TEXAS FOUNDATION NO 2 INC is 74-6173027.
- Is UNIVERSITY OF TEXAS FOUNDATION NO 2 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to UNIVERSITY OF TEXAS FOUNDATION NO 2 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 2 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 2 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 2 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 2 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 2 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 2 INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $425,928, expenses of $133,104 and total assets of $866,945 at year end.
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