Nonprofit · EIN 75-6043842
TEXAS TECH FOUNDATION INC
Tax-exempt · LUBBOCK, TX 79409
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $226,572,047 | $108,030,866 | $118,541,181 | $1,127,859,899 | $8,041,276 | $1,119,818,623 |
| August 31, 2024 | 990 | $92,698,840 | $122,755,625 | -$30,056,785 | $938,095,082 | $5,106,534 | $932,988,548 |
| August 31, 2023 | 990 | $110,148,278 | $97,007,634 | $13,140,644 | $890,446,404 | $4,801,636 | $885,644,768 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $206,516,479
- Program service revenue
- $0
- Investment income
- $19,735,940
- Royalties
- $311,881
- Net rental income
- $96,979
- Net gain from sales of assets
- -$25,089,293
- Net income from fundraising events
- -$89,232
- Other revenue
- $319,628
Expenses
- Grants and similar amounts paid
- $104,980,026
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $59,778
- Occupancy
- $1,971
- Travel
- $92,150
- Depreciation
- $669,670
- Program services (functional)
- $104,980,026
- Management and general (functional)
- $2,858,771
- Fundraising (functional)
- $192,069
Balance sheet and other
- Total assets, start of year
- $938,095,082
- Total assets, end of year
- $1,127,859,899
- Total liabilities, end of year
- $8,041,276
- Net assets, end of year
- $1,119,818,623
- Land, buildings and equipment
- $8,658,572
- Publicly traded securities
- $869,430,677
- Net assets without donor restrictions
- $7,652,829
- Net assets with donor restrictions
- $1,112,165,794
- Gross receipts
- $252,116,980
- Employees
- 0
- Volunteers
- 57
- Year formed
- 1939
- 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 |
|---|---|---|---|---|---|
| JAMES MAULDIN | TREASURER Trustee or director, Officer | 1 | $0 | $456,810 | $38,633 |
| PATRICK KRAMER | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $378,043 | $38,130 |
| KIMBERLY C FORD | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 | $0 |
| TIM LANCASTER | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JUAN NEVAREZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| STEVE GRAY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JIM SKINNER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LESLIE WARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RANDY MORRIS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BRADLEY BOUMA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KYLE MCGRAW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BEN STRICKLING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT WISNIEWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHERRY WRIGHT | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| DAVID ALDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALT CATHEY | DIRECTOR Trustee or director | 1 | $0 |
| BARRY STREET | DIRECTOR Trustee or director | 1 | $0 |
| TIM WINN | DIRECTOR Trustee or director | 1 | $0 |
| BARNEY ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| JOE J PARKER JR | DIRECTOR Trustee or director | 3 | $0 |
| GERALD G DIXON | DIRECTOR Trustee or director | 10 | $0 |
| GORDON DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID COPELAND | DIRECTOR Trustee or director | 1 | $0 |
| DAVID KING | DIRECTOR Trustee or director | 1 | $0 |
| LANNY LAYMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN BROWLEE | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY CASH | DIRECTOR Trustee or director | 1 | $0 |
| TERRY CROFOOT | DIRECTOR Trustee or director | 1 | $0 |
| JAN ELLIOTT | DIRECTOR Trustee or director | 1 | $0 |
| STEVE GOREE | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN HEINRICH | DIRECTOR Trustee or director | 1 | $0 |
| GERALD NOBLES | DIRECTOR Trustee or director | 1 | $0 |
| JIM KEFFER | DIRECTOR Trustee or director | 1 | $0 |
| PAUL TARWATER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 35 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES MAULDIN | TREASURER Trustee or director, Officer | 1 | $0 | $426,273 | $40,107 |
| PATRICK KRAMER | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $367,867 | $37,110 |
| KIMBERLY C FORD | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 | $0 |
| TIM LANCASTER | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JUAN NEVAREZ | SECRETARY Trustee or director, Officer | 3 | $0 | $0 | $0 |
| STEVE GRAY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| J PAT HICKMAN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MICHAEL F OWEN MD | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| JACK RENTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM SKINNER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BEN STRIBLING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT TAYLOR JR | DIRECTOR Trustee or director | 8 | $0 | $0 | $0 |
| LESLIE WARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS KRUSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RANDY MORRIS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTI QUINN | DIRECTOR Trustee or director | 1.5 | $0 | $0 | $0 |
| BRADLEY BOUMA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KYLE MCGRAW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOLLAND O'NEAL | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| BEN STRICKLING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT WISNIEWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHERRY WRIGHT | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| DAVID ALDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WALT CATHEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT L DUNCAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARRY STREET | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM WINN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARNEY ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE J PARKER JR | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| GERALD G DIXON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GORDON DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID COPELAND | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID KING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LANNY LAYMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 37 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PENNY HARKEY | TREASURER Trustee or director, Officer | 1 | $0 | $369,039 | $42,160 |
| PATRICK KRAMER | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $349,175 | $35,403 |
| TIM G CULP | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TIM LANCASTER | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 | $0 |
| KIMBERLY C FORD | SECRETARY Trustee or director, Officer | 3 | $0 | $0 | $0 |
| STEVE GRAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| J PAT HICKMAN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| JAMES KEFFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL F OWEN MD | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| JACK RENTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM SKINNER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BEN STRIBLING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT TAYLOR JR | DIRECTOR Trustee or director | 8 | $0 | $0 | $0 |
| LESLIE WARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CLAY CASH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS KRUSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RANDY MORRIS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTI QUINN | DIRECTOR Trustee or director | 1.5 | $0 | $0 | $0 |
| LEA WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRADLEY BOUMA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KYLE MCGRAW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOLLAND O'NEAL | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| BEN STRICKLING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT WISNIEWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHERRY WRIGHT | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| DAVID ALDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WALT CATHEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT L DUNCAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JUAN NEVAREZ | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BARRY STREET | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM WINN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARNEY ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHERINE GILBREATH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE J PARKER JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GERALD G DIXON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GORDON DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 45025, LUBBOCK, TX 79409-5025
- Principal officer (990 for 2024)
- PATRICK KRAMER, PO BOX 45025, LUBBOCK, TX 79409
- Signed the 990
- PATRICK KRAMER, CHIEF EXECUTIVE OFFICER
- Phone
- (806) 742-9000
- Website
- WWW.GIVE2TECH.COM/FOUNDATION
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- THE ORGANIZATION WAS FOUNDED TO FUNCTION AS A CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS GIVEN FOR THE ACTIVITIES AND PROGRAMS RELATED TO THE MISSION, ROLE, AND SCOPE OF THE TEXAS TECH UNIVERSITY SYSTEM. DURING 2024-2025 THE FOUNDATION TRANSFERRED $104,970,496 TO THE TEXAS TECH UNIVERSITY SYSTEM AND AFFILIATED FOUNDATIONS.Expenses $104,980,026 · grants $104,980,026
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
- 75-6043842
- 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
- 1950
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $1,127,859,899
- Income (IRS master file)
- $252,116,980
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $226,572,047 | $108,030,866 | $1,127,859,899 | XML |
| 990 | August 2024 | $92,698,840 | $122,755,625 | $938,095,082 | XML |
| 990 | August 2023 | $110,148,278 | $97,007,634 | $890,446,404 | XML |
| 990 | August 2022 | $125,336,972 | $96,813,130 | $849,587,948 | 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 75-6043842).
Questions about TEXAS TECH FOUNDATION INC
- What is the EIN of TEXAS TECH FOUNDATION INC?
- The employer identification number (EIN) of TEXAS TECH FOUNDATION INC is 75-6043842.
- Is TEXAS TECH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
- Are donations to TEXAS TECH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXAS TECH 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 TEXAS TECH 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 TEXAS TECH 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 is the principal officer of TEXAS TECH FOUNDATION INC?
- The 990 for the year ended August 31, 2025 names PATRICK KRAMER.
- Who are the officers and directors of TEXAS TECH FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 34 people; 0 received compensation from the organization.
- How much revenue does TEXAS TECH FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $226,572,047, expenses of $108,030,866 and total assets of $1,127,859,899 at year end.
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