Nonprofit · EIN 75-1589151
MCCOMBS SCHOOL OF BUSINESS FOUNDATION
Tax-exempt · AUSTIN, TX 78712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $24,584,780 | $24,879,853 | -$295,073 | $57,387,498 | $8,735,335 | $48,652,163 |
| August 31, 2024 | 990 | $25,547,590 | $21,927,595 | $3,619,995 | $50,541,315 | $3,622,910 | $46,918,405 |
| August 31, 2023 | 990 | $23,706,118 | $21,529,369 | $2,176,749 | $44,565,274 | $4,073,247 | $40,492,027 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $225,791
- Program service revenue
- $22,368,808
- Investment income
- $1,972,052
- Net gain from sales of assets
- $781,773
- Other revenue
- $18,129
Expenses
- Grants and similar amounts paid
- $6,268,558
- Compensation of officers, directors and key employees
- $10,000
- Other salaries and wages
- $1,667,712
- Salaries, compensation and benefits (total)
- $1,799,329
- Professional fundraising fees
- $0
- Legal fees
- $2,318
- Accounting fees
- $26,300
- Program services (functional)
- $21,234,428
- Management and general (functional)
- $3,509,763
- Fundraising (functional)
- $135,662
Balance sheet and other
- Total assets, start of year
- $50,541,315
- Total assets, end of year
- $57,387,498
- Total liabilities, end of year
- $8,735,335
- Net assets, end of year
- $48,652,163
- Publicly traded securities
- $15,633,101
- Net assets without donor restrictions
- $32,416,795
- Net assets with donor restrictions
- $16,235,368
- Gross unrelated business income
- $60,914
- Gross receipts
- $28,291,870
- Employees
- 91
- Volunteers
- 7
- Year formed
- 1977
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Luis Martins | Professor | 2 | $73,500 | $618,519 | $47,651 |
| David Harrison | Professor | 1 | $28,150 | $662,159 | $17,812 |
| Laura Starks | Professor | 1 | $8,511 | $665,670 | $19,345 |
| James Bickel | Professor | 4 | $136,206 | $472,502 | $55,687 |
| Robert Chesney | Professor | 1 | $12,000 | $582,983 | $55,895 |
| Caitlin Mullaney | Managing Dir Officer | 7 | $10,000 | $292,231 | $36,091 |
| John Bass | Chairman Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Charles Holley Jr | Sec/Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Sue Gove | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Bill Helms | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Chris Manning | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Heather McClure | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Gabriella Parcella | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Clemens Sialm | Professor | 1 | $44,900 | $567,027 | $56,837 |
| David Harrison | Professor | 1 | $36,325 | $546,526 | $16,798 |
| Luis Martins | Professor | 1 | $23,100 | $517,831 | $53,827 |
| Robert Freund | Professor | 14 | $359,879 | $140,910 | $19,599 |
| Eric Hirst | Professor | 1 | $49,140 | $451,932 | $19,226 |
| Caitlin Mullaney | Managing Dir Officer | 7 | $10,000 | $216,072 | $35,814 |
| John Bass | Chairman Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Charles Holley Jr | Sec/Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Sue Gove | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Bill Helms | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Chris Manning | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Heather McClure | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Gabriella Parcella | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Eric Hirst | Professor | 1 | $17,280 | $656,556 | $98,559 |
| Luis Martins | Professor | 1 | $47,255 | $582,544 | $98,499 |
| Clemens Sialm | Professor | 1 | $37,189 | $547,640 | $70,653 |
| Ethan Burris | Professor | 1 | $1,580 | $570,583 | $63,425 |
| David Harrison | Professor | 1 | $16,425 | $531,552 | $60,424 |
| Caitlin Mullaney | Managing Dir Officer | 7 | $0 | $263,138 | $75,230 |
| Kent Ferguson | Chairman Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Charles Holley Jr | Sec/Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| John Bass | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Bill Helms | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jim McBride | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Heather McClure | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Gabriella Parcella | Trustee Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- UNIVERSITY OF AUSTIN TX GSB-2104 G, AUSTIN, TX 78712-0000
- Principal officer (990 for 2024)
- Caitlin Mullaney, 2100 Speedway Stop B6000, Austin, TX 78712
- Signed the 990
- Charles Holley Jr, Secretary/Treasurer
- Phone
- (512) 471-3029
- Website
- www.themsbfoundation.org
- Return prepared by
- Dunagan Jack LLP
Mission
To provide support to The University of Texas McCombs School of Business.
Program accomplishments
- The Foundation is contracted by various organizations to design, develop and implement customized training programs. McCombs School of Business faculty members are actively involved in Texas Executive Education; many of the most experienced teach in the Foundation's custom programs. In addition, as appropriate, the Foundation calls upon professors in other schools and colleges of The University of Texas (The University) to help construct and participate in custom programs, including Communications, Engineering, Law, Information, and Public Administration.Expenses $14,448,440 · revenue $21,835,901
- Faculty, student, and administrative support to The University of Texas McCombs School of Business.Expenses $6,785,988 · grants $6,268,558 · revenue $532,907
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
- 75-1589151
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1978
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $57,387,498
- Income (IRS master file)
- $28,291,870
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $24,584,780 | $24,879,853 | $57,387,498 | XML |
| 990-T | August 2025 | – | – | – | IRS |
| 990 | August 2024 | $25,547,590 | $21,927,595 | $50,541,315 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $23,706,118 | $21,529,369 | $44,565,274 | XML |
| 990-T | August 2023 | – | – | – | IRS |
| 990 | August 2022 | $22,104,971 | $21,611,298 | $42,368,120 | 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 75-1589151).
Questions about MCCOMBS SCHOOL OF BUSINESS FOUNDATION
- What is the EIN of MCCOMBS SCHOOL OF BUSINESS FOUNDATION?
- The employer identification number (EIN) of MCCOMBS SCHOOL OF BUSINESS FOUNDATION is 75-1589151.
- Is MCCOMBS SCHOOL OF BUSINESS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to MCCOMBS SCHOOL OF BUSINESS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MCCOMBS SCHOOL OF BUSINESS FOUNDATION 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 MCCOMBS SCHOOL OF BUSINESS FOUNDATION 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 MCCOMBS SCHOOL OF BUSINESS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of MCCOMBS SCHOOL OF BUSINESS FOUNDATION?
- The 990 for the year ended August 31, 2025 names Caitlin Mullaney.
- Who are the officers and directors of MCCOMBS SCHOOL OF BUSINESS FOUNDATION?
- The 990 for the year ended August 31, 2025 lists 13 people; 6 received compensation from the organization, the highest $73,500 (Luis Martins, Professor).
- How much revenue does MCCOMBS SCHOOL OF BUSINESS FOUNDATION have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $24,584,780, expenses of $24,879,853 and total assets of $57,387,498 at year end.
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