2025-04-11T12:06:54+00:00 2024-05-31 920460586 PWC US TAX LLP 655 New York Avenue NW Suite 110 Washington DC 20001 990 2023-06-01 750827465 TEXAS CHRISTIAN UNIVERSITY TEXA 8172576122 TCU BOX 297011 FORT WORTH TX 761290001 WILLIAM J NUNEZ VC FINANCE AND ADMINISTRATION 8172575115 2025-04-11 true TRAVIS L PATTON P00369623 2024141000 2025-04-09 2023 2025-03-06 01:10:19Z VICTOR J BOSCHINI TCU BOX 297011 FORT WORTH TX 761290001 4003782721 false X WWW.TCU.EDU X 1900 TX TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES NINE MAJOR ACADEMIC UNITS. INSTRUCTION IS FOR 12,785 STUDENTS. 50 48 6557 10500 4871429 0 127579299 104681963 803700839 870013589 145997092 202560857 26079390 21006275 1103356620 1198262684 284470894 317091998 0 0 344502211 375733271 243163 3502522 19554587 331725621 336653753 960941889 1032981544 142414731 165281140 4541299077 4667610108 1289572669 1223040417 3251726408 3444569691 X TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES NINE MAJOR ACADEMIC UNITS: LIBERAL ARTS, SCIENCE AND ENGINEERING, BUSINESS, EDUCATION, FINE ARTS, COMMUNICATION, HONORS, NURSING AND HEALTH SCIENCES, AND THE ANNE BURNETT MARION SCHOOL OF MEDICINE. TCU'S MISSION STATEMENT IS "TO EDUCATE INDIVIDUALS TO THINK AND ACT AS ETHICAL LEADERS AND RESPONSIBLE CITIZENS IN THE GLOBAL COMMUNITY." OUR VISION IS TO CREATE A WORLD-CLASS, VALUES-CENTERED UNIVERSITY EXPERIENCE FOR OUR STUDENTS. OUR CORE VALUES ARE ACADEMIC ACHIEVEMENT, PERSONAL FREEDOM AND INTEGRITY, THE DIGNITY AND RESPECT OF THE INDIVIDUAL, AND A HERITAGE OF INCLUSIVENESS, TOLERANCE, AND SERVICE. false false 554339624 317091998 706960035 SEE SCHEDULE O 176169087 61078168 SEE SCHEDULE O 87068268 88662784 SEE SCHEDULE O 80687301 12671342 SEE SCHEDULE O 80687301 12671342 898264280 true true false true false false true false true true true false false true true true false true false true true false true true false false true true true true false false false false false false true false true true true false false false true true true true false false true 18199 0 true 6557 true true true false false false false true true false false false false true false X 50 48 true false true false false false false true true false false true true true true true false true true false X CHERYL KENNON 8172575115 3101 BELLAIRE DR N FORT WORTH TX 76109 Victor J Boschini Jr Chancellor 40.0 X X 2727984 0 471445 Adelaide D Royer Trustee 2.0 X 0 0 0 Alan D Friedman Trustee 2.0 X 0 0 0 Allie Beth McMurtry Allman Trustee 2.0 X 0 0 0 Amy Roach Bailey Trustee 2.0 X 0 0 0 Anita L Cox Trustee 2.0 X 0 0 0 Barry E Davis Trustee 2.0 X 0 0 0 Bradford L Cunningham Trustee 2.0 X 0 0 0 Brenda Almes Cline Trustee 2.0 X 0 0 0 Charles L Geren Trustee 2.0 X 0 0 0 Charlotte Scharbauer French Trustee 2.0 X 0 0 0 David P Purcell Trustee 2.0 X 0 0 0 Dee J Kelly Jr Trustee 2.0 X 0 0 0 Dr Frank H Moore III Trustee 2.0 X 0 0 0 Duer Wagner III Trustee 2.0 X 0 0 0 Edward A Clark Vice Chair 5.0 X 0 0 0 Elliott J Hill Trustee 2.0 X 0 0 0 F Howard Walsh III Trustee 2.0 X 0 0 0 G Hunter Enis Trustee 2.0 X 0 0 0 Glenton E Richards Trustee 2.0 X 0 0 0 Greg A Arnold Trustee 2.0 X 0 0 0 J Bryan King Trustee 4.0 X 0 0 0 James Rusty R Reid Trustee 2.0 X 0 0 0 Jan Tucker Scully Trustee 2.0 X 0 0 0 Joe D Briggs Trustee 2.0 X 0 0 0 John H Pinkerton Trustee 2.0 X 0 0 0 Joseph M Gutierrez Jr Trustee 2.0 X 0 0 0 Katherine G Boehly Trustee 2.0 X 0 0 0 Kathryn Thompson Farmer Trustee 2.0 X 0 0 0 Kenneth D Thompson II Trustee 2.0 X 0 0 0 Kit Tennison Moncrief Chair 6.0 X 0 0 0 LaDainian T Tomlinson Trustee 2.0 X 0 0 0 Leanne S Acuff Trustee 2.0 X 0 0 0 Marilyn E Davies Trustee 2.0 X 0 0 0 Mary Ralph Lowe Trustee 2.0 X 0 0 0 Michael G Wright Trustee 2.0 X 0 0 0 Michael K Berry Trustee 2.0 X 0 0 0 Michael S Richards Trustee 2.0 X 0 0 0 Nick A Giachino Trustee 2.0 X 0 0 0 Rafael G Garza Trustee 2.0 X 0 0 0 Richard Lee Stuart II Trustee 2.0 X 0 0 0 Rick L Wittenbraker Trustee 2.0 X 0 0 0 Roger Williams Trustee 2.0 X 0 0 0 Ronald C Parker Trustee 4.0 X 0 0 0 Ross B Matthews Trustee 2.0 X 0 0 0 Sascha C Bass Trustee 2.0 X 0 0 0 Sheryl L Adkins-Green Trustee 2.0 X 0 0 0 Steven J Mafrige Trustee 2.0 X 0 0 0 Thomas F Meagher Jr Trustee 2.0 X 0 0 0 V Neils Agather II Trustee 2.0 X 0 0 0 Daniel W Pullin President 40.0 X 884625 0 80865 Donald J Whelan Jr VC University Advancement 40.0 X 879799 0 160635 Floyd L Wormley Jr Interim Provost and VC for Academic Affairs 40.0 X 283321 0 57259 Jean M Pickett Board Secretary 40.0 X 262787 0 44649 Jonathan Benjamin-Alvarado Chief Inclusion Officer 40.0 X 267118 0 48772 Kathryn M Cavins Tull VC Student Affairs 40.0 X 387384 0 71054 Teresa Abi-Nader Dahlberg Provost VC Academic Affairs 40.0 X 699341 0 80555 Tracy D Syler-Jones VC Marketing & Communication 40.0 X 455380 0 75821 Willian J Nunez VC Finance & Administration 40.0 X 627351 0 75403 Yohna J Chambers-Hastings VC Human Resources 40.0 X 367936 0 105338 Bryan C Lucas Chief Technology Officer 40.0 X 390891 0 156136 Cheryl L Kennon Assoc. VC & Controller 40.0 X 261446 0 49865 Jason R Safran Chief Investment Officer 40.0 X 944440 0 601662 Jeremiah Donati Athletic Director 40.0 X 1774869 0 224531 Todd S Waldvogel Assoc. VC Facilities & Campus Planning 40.0 X 255511 0 23524 James P Dixon Mens Basketball Coach 40.0 X 4223295 0 142026 Kendal R Briles Offensive Coordinator 40.0 X 1469825 0 83503 Kirk C Saarloos Head Baseball Coach 40.0 X 1222619 0 57831 Muadianvita M Kazadi Ast AD FB Human Performance 40.0 X 954328 0 82935 Sonny Dykes Head Football Coach 40.0 X 6952792 0 83221 Kimberly K Adams Former Assoc. VC & Controller 40.0 X 207172 0 220062 Raymond Nowell Donovan Former Provost VC Academic Affairs 40.0 X 280362 0 68108 26780576 0 3065200 792 true true false LINBECK GROUP LLC 1263 W ROSEDALE SUITE 202 FORT WORTH TX 76104 CONSTRUCTION SERVICES 41840027 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 DINING SERVICES 30584821 HCBeck Ltd 1601 Elm Street Ste 2800 Dallas TX 75201 CONSTRUCTION SERVICES 22824249 Infinity Contractors Internat'l Ltd PO Box 40627 FORT WORTH TX 76140 CONSTRUCTION SERVICES 5437070 Jeff Eubank Roofing Company Inc 1900 Northpark Drive FORT WORTH TX 76102 CONSTRUCTION SERVICES 3513811 144 63840 407290 17290297 86920536 11894717 104681963 Tuition and Fees 611310 706960035 706960035 Residential Administration 611710 51762551 51762551 Dining Services 611710 31857741 31857741 Athletics and Campus Rec 611710 61813770 61193835 619935 University Bookstore 611710 1679627 1679627 15939865 15918540 21325 0 870013589 59032883 11284 59021599 0 0 13474441 13474441 615520 381772 615520 381772 997293 997293 2948441466 272616 2804424062 762046 144017404 -489430 143527974 4218885 139309089 246071 407290 214072 31999 31999 169830 119857 49973 49973 Emergency Planning and Ops 611710 2428130 2428130 Brite Administration and Maintenance Fee 611710 1231993 1231993 Annuity Income 611710 936605 936605 1855841 0 0 1855841 6452569 1198262684 869372329 4871429 219336963 106183 106183 316920815 316920815 65000 65000 0 0 15727589 2371317 12278437 1077835 0 0 0 0 271261842 240112542 22860579 8288721 17943574 15077451 2213833 652290 55183556 47820148 5444101 1919307 15616710 12749880 2294904 571926 0 0 0 0 1306792 486751 785420 34621 255064 0 255064 0 1528 0 1528 0 3502522 3502522 43026434 0 43026434 0 40550740 38329898 1470161 750681 3506746 2147064 1355767 3915 16464975 14974079 958629 532267 5403507 4355168 985313 63026 0 0 0 0 24288148 22426618 1828249 33281 36732774 34675837 907088 1149849 0 0 0 0 1857152 1492689 326787 37676 29972905 24382381 5588358 2166 0 0 0 0 81623960 74728199 6131744 764017 7041912 6670212 363258 8442 Food Services 19044762 18839363 182680 22719 Dues & Subscriptions 10207403 9260428 840245 106730 Indirect Costs 2098560 2098560 0 0 Instruction Research & Lab 3124883 3056578 61368 6937 10145508 5117119 5002730 25659 1032981544 898264280 115162677 19554587 8264068 30844182 32766882 27589408 33762410 33801050 0 0 0 0 812271 651664 6443688 10943107 2437237148 867821396 1470592896 1569415752 983586729 1077446241 1842542345 1809876543 0 162527788 107042161 4541299077 4667610108 105062384 94904297 41511105 49173950 157010316 150779912 0 0 832092827 832201998 153896037 95980260 1289572669 1223040417 X 1998058716 2043264383 1253667692 1401305308 3251726408 3444569691 4541299077 4667610108 X 165281140 25935348 1626795 X false true X true true true X 64133685 54519628 102052081 110896544 87391666 418993604 0 0 0 0 0 0 0 0 0 0 0 0 64133685 54519628 102052081 110896544 87391666 418993604 39108620 379884984 51672268 57028937 73879345 84577127 73504617 340662294 0 0 4582007 3116483 3959101 11657591 534867 355465 511649 738254 415901 2556136 773869625 4053202159 0.4909 0.4978 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUND RAISING & SALES, COLUMN A - 534867.0, COLUMN B - 355465.0, COLUMN C - 511649.0, COLUMN D - 738254.0, COLUMN E - 415901.0, COLUMN F - 2556136.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1528 1528 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THIS ORGANIZATION PAID MEMBERSHIP DUES TO INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS (ICUT) OF $ 138,575 AND THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) IN THE AMOUNT OF $19,100. DURING THE FISCAL YEAR. OF THE AMOUNT PAID TO NAICU, 8% OF THESE DUES WERE ATTRIBUTABLE TO LOBBYING EFFORTS, OR $ 1,528. OF THE AMOUNT THAT WAS PAID TO ICUT, NO DUES WERE SPECIFICALLY ALLOCATED TO LOBBYING COSTS. 0 4084770 X X false 2503568505 31808888 175982855 22077836 73736247 0 2615546165 2440718306 55789555 92981496 19984448 65936404 0 2503568505 2001835819 52191533 464341855 19080345 58570556 0 2440718306 1584157954 16060699 474999867 17462819 55919882 0 2001835819 1620663695 19415827 14685921 15569518 55037971 0 1584157954 0.5074 0.248 0.2446 true false 4615962 110880672 115496634 1805370250 624419281 1180950969 0 0 0 0 224713671 162785946 61927725 291656593 80616169 211040424 1569415752 361250 F FUNDS HELD IN TRUST BY OTHERS LIMITED PARTNERSHIPS HEDGE FUNDS Hedge Funds 144337313 F Venture Capital Funds 1565834931 F Funds Held in Trust by Others 99343049 F 1809876543 FUNDS HELD IN TRUST 16362795 GOVERNMENT LOANS 6155098 POST RETIREMENT BENEFITS 49987061 INTEREST RATE SWAP LIABILITY 7513131 RIGHT OF USE LIABILITY 15962175 95980260 X 882586257 25935348 17974347 -316893617 -272983922 1155570179 42692505 42692505 1198262684 689740976 17974347 333929 18308276 671432700 361548844 361548844 1032981544 Schedule D, Part III, Line 4 Collections of art - description of collections THE SPEAKER JIM WRIGHT COLLECTION, WHICH WAS DONATED TO THE UNIVERSITY IN 1989 AND CONSISTS OF 1,074 LINEAR FEET OF PAPERS, PHOTOGRAPHS, AUDIOVISUAL MATERIAL, BOOKS, AND MEMORABILIA, DOCUMENTS THE POLITICAL CAREER OF THE FORMER SPEAKER OF THE HOUSE. THE COLLECTION ALLOWS RESEARCH IN THE AREAS OF HISTORY AND POLITICAL SCIENCE BY STUDENTS, FACULTY, AND OTHER SCHOLARS. TCU ALSO HOLDS A COLLECTION OF ANDY WARHOL PHOTOGRAPHY, WHICH WAS DONATED TO THE UNIVERSITY IN MAY OF 2008 BY THE WARHOL FOUNDATION IN NEW YORK, NY. 152 ANDY WARHOL PRINTS WERE PROVIDED TO TCU BY THE ANDY WARHOL PHOTOGRAPHIC LEGACY PROGRAM, AND THIS COLLECTION IS HELD IN THE SCHOOL OF ART AND ART HISTORY. THE OSCAR E. MONNIG METEORITE COLLECTION WAS CATALOGED BY THE AMERICAN METEORITE LABORATORY, DENVER, COLORADO, AND WAS DONATED TO TEXAS CHRISTIAN UNIVERSITY FROM 1978 TO 1986 AND WAS OPENED FOR THE PUBLIC ON FEBRUARY 1, 2003. THE COLLECTION CONTAINS OVER 2,300 DIFFERENT METEORITES. THIS COLLECTION PROVIDES EDUCATION TO STUDENTS BY PROVIDING OPPORTUNITIES TO EXPLORE THE MYSTERIES OF METEORITES. STUDENTS CAN LEARN HOW TO IDENTIFY A METEORITE, EXPERIENCE A HANDS-ON ENCOUNTER WITH DIFFERENT TYPES OF METEORITES, AND CREATE THEIR OWN TERRESTRIAL IMPACT CRATER. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. ENDOWMENT FUNDS PRIMARILY SUPPORT THE UNIVERSITY'S UNRESTRICTED SUPPORT, RESEARCH AND EDUCATION PROGRAMS, SCHOLARSHIPS, ENDOWED CHAIRS, PROPERTY AND EQUIPMENT, AND OTHER PROGRAMS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote TCU'S FINANCIAL STATEMENT FOOTNOTES STATE THE FOLLOWING WITH REGARD TO THE LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740: THE UNIVERSITY IS A TAX-EXEMPT INSTITUTION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986 (IRC), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC. THE UNIVERSITY HAS CONCLUDED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS RESULTING FROM CURRENT OR PRIOR PERIOD TAX POSITIONS. ACCORDINGLY, NO ADDITIONAL DISCLOSURES HAVE BEEN MADE ON THE FINANCIAL STATEMENTS REGARDING UNCERTAIN TAX PROVISIONS. AS OF MAY 31, 2024, THE UNIVERSITY'S TAX YEARS ENDED MAY 31, 2021 THROUGH 2024, GENERALLY, REMAIN SUBJECT TO EXAMINATION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 STUDENT FINANCIAL AID - -XXX-XX-XXXX POST RETIREMENT BENEFIT ACTUARIAL CHANGES - 1628761 Officer Compensation of CIO as reduction to Investment Income - -1601563 - Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements TCU Press COGS - -119857 Investment Fees, Gross up - 43026434 Special Events Expenses - -214072 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 TCU Press CGS - 119857 Special Events Expenses - 214072 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT FINANCIAL AID - XXX-XX-XXXX Addl. Difference in Inst Support, A6444 - 24 ROUNDING - 8 Officer Compensation of CIO as reduction to Investment Income - 1601563 Investment Fees, Gross up - 43026434 true true false true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY TCU prohibits discrimination and harassment on the basis of age, race, color, religion, sex (including sexual harassment and sexual violence), sexual orientation, gender, gender identity, gender expression, national origin, ethnic origin, disability, genetic information, covered veteran status and any other basis protected by law, in the University's programs and activities. TCU publishes its nondiscriminatory policy on websites, in brochures, catalogues, and other written communications available to the public that address employment, student admission policies, programming activities, and scholarship selection. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT TEXAS CHRISTIAN UNIVERSITY FUNCTIONS AS AN ADMINISTRATOR FOR FEDERAL GRANT-SUPPORTED PROJECTS AND VARIOUS FORMS OF FEDERAL FINANCIAL AID GRANTED OR AWARDED TO STUDENTS ATTENDING THE UNIVERSITY. true Central America and the Caribbean 0 0 Program Services conferences, education, filming, research, study abroad, recruitment 31930 East Asia and the Pacific 0 0 Program Services conferences, research, remote instruction, athletic competition, translation services, study abroad, other 78523 Europe (Including Iceland and Greenland) 0 0 Program Services conferences, research, study abroad, recruiting, athletic competitions, instruction, other, translation services, musical performance, orientation, professional services 1718292 North America (Canada & Mexico only) 0 0 Program Services conferences, research, athletic competition, instruction, recruiting, research, other 122043 South America 0 0 Program Services study abroad, conferences, recruiting, instruction, research, translation services, other 38332 South Asia 0 0 Program Services study abroad, research, recruiting 39288 Russia and Neighboring States 0 0 Program Services translation services 451 Sub-Saharan Africa 0 0 Program Services conferences, study abroad, instruction, conservation, other 76732 Central America and the Caribbean 0 0 Investments 522315565 Europe (Including Iceland and Greenland) 0 0 Investments 33644426 North America (Canada & Mexico only) 0 0 Investments 13690604 Sub-Saharan Africa 0 0 Grantmaking 65000 0 0 0 0 0 0 571821186 0 571821186 Sub-Saharan Africa Wildlife Conservation Programs 65000 Wire Transfer 0 N/A N/A 1 0 true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF ITS GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES: ALL SUBAWARD PAYMENTS OF GRANTS FOREIGN OR DOMESTIC MUST BE ACCOMPANIED BY A SUBAWARD AGREEMENT. EACH SUBRECIPIENT IS REVIEWED TO ENSURE THE COMMITMENT TO PARTICIPATE IN THE PROJECT AND ABIDE BY ALL OF THE ASSOCIATED TERMS AND CONDITIONS. A SIGNED SUBAWARD AGREEMENT MUST BE RECEIVED BEFORE ANY DISTRIBUTIONS TO A SUBRECIPIENT ARE MADE. THE SUBAWARD AGREEMENT CONTAINS 1) GENERAL TERMS AND CONDITIONS 2) PRIMARY CONTACT INFORMATION BY RESPONSIBILITY 3) REPORTING REQUIREMENTS 4) SCOPE OF WORK AND BUDGET ALL GRANT SPONSORED DISBURSEMENTS ARE REVIEWED BY THE PRINCIPAL INVESTIGATOR OF THE GRANT TO ENSURE THE INVOICES ARE IN ACCORDANCE WITH THE REQUIREMENTS OF THE GRANT/SUBAWARD. THE PRINCIPAL INVESTIGATOR IS REQUIRED TO APPROVE EACH INVOICE TO ACKNOWLEDGE THEIR REVIEW OF ANY REQUIRED TECHNICAL PROGRESS REPORTS AND/OR SATISFACTORY PERFORMANCE BY THE SUBRECIPIENT. ALL GRANT SPONSORED INVOICES ARE REVIEWED AND APPROVED BY RESEARCH GRANT ACCOUNTING BEFORE BEING SUBMITTED TO THE ACCOUNTS PAYABLE DEPARTMENT FOR PROCESSING. AFTER THE ACCOUNTS PAYABLE DEPARTMENT REVIEWS THE INVOICE TO ENSURE VENDOR IS PAID IN ACCORDANCE WITH VARIOUS GUIDELINES, RULES AND PROCEDURES, THE ACCOUNTS PAYABLE DEPARTMENT WILL ENTER THE INVOICE INFORMATION INTO THE AP SYSTEM AND WILL REVIEW THE INVOICE TO ENSURE THAT APPROPRIATE APPROVAL SIGNATURES ARE INCLUDED ON THE INVOICE. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements SUB-SAHARAN AFRICA-Accrual X X X X X X X true MELICHAR CONSULTING 233 POTEET PLACE FRANKLIN TN 37064 ADVANCEMENT CONSULTING false 0 97301 -97301 DIFFSTRAT COMPANY 3950 River Ridge Drive NE Suite A CEDAR RAPIDS IA 52402 ADVANCEMENT CONSULTING false 0 5450 -5450 EAB 1920 EAST PARNHAM ROAD RICHMOND VA 23228 ADVANCEMENT CONSULTING false 0 46719 -46719 GENEROUS CHANGE LLC 2559 ALABAMA STREET LAWRENCE KS 66046 ADVANCEMENT CONSULTING false 0 63400 -63400 WASHBURN AND MCGOLDRICK LLC 24 N BRYN MAWR 252 BRYN MAWR PA 19010 ADVANCEMENT CONSULTING false 0 73761 -73761 Invnt LLC 101 Greenwich Street 26th floor New York NY 10006 ADVANCEMENT CONSULTING false 0 3128041 -3128041 The Stelter Company 10435 New York Avenue Des Moines IA 50322 Advancement Consulting false 0 57850 -57850 Kathy Howrigan Consulting LLC 422 Red Oak Drive Colchester VT 05446 Advancement Consulting false 0 30000 -30000 0 3502522 -3502522 CA CO CT DC FL GA AL HI IL KS KY LA ME AK MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA AR WA WV WI LF for KF Event 271887 217587 54300 0 0 0 34215 6981 10537 B.E. Gala Event 170003 98183 71820 0 0 0 29387 0 41995 4 259051 139100 119951 0 0 0 17753 16429 56775 700941 454870 246071 0 0 0 81355 23410 109307 214072 31999 true FORT WORTH CHAMBER OF COMMERCE 777 TAYLOR STREET SUITE 900 FORT WORTH TX 76102 720275060 501(c)(6) 100000 0 N/A NONE ECONOMIC DEVELOPMENT GRANT Fort Worth Colonial Charities Inc 3735 Country Club Circle FORT WORTH TX 76109 463211083 501C3 6183 0 N/A N/A Financial Support 1 1 FINANCIAL AID EXPENSE 5843 264377079 0 N/A NONE GRADUATE FINANCIAL AID 1640 32714610 0 N/A NONE GRANTS IN AID 511 8466361 0 N/A NONE STIPENDS 813 7336370 0 N/A NONE TUITION EQUALIZATION GRANTS 907 4026395 0 N/A NONE Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. By institutional policy, TCU's office of scholarship and financial aid acts as the final approval authority for all financial aid eligibility determination. Each student's award package is reviewed to ensure compliance with applicable regulatory requirements, and in the case of restricted institutional funds, with the donor's intent and wishes. Academic scholarship eligibility is based on a scoring matrix that evaluates an individual student's success using national test scores (if submitted), grade point average, and rigor of curriculum. Those who have excelled academically are generally given the largest share of university funded dollars. Institutionally funded need-based financial aid programs are based on eligibility established by use of an Institutional Methodology, with family financial information submitted to the CSS Profile. The financial aid office also works closely with the donor relations division of university advancement to ensure that our donors' wishes are met when matching funds to students. All donors of endowed awards are provided with a "scholarship agreement" outlining the university's understanding of the donor's intent. These agreements must be approved by both the director of financial aid, and the vice-chancellor for advancement, to ensure that the university has the capability to identify appropriate recipients. In addition to institutionally funded grants and scholarships, TCU manages and accepts fiduciary responsibility for a variety of federal and state funded financial aid programs. Eligibility for all federal and state funded financial aid is based solely on the results of the FAFSA, using required Federal Methodology. Prior to disbursement, each recipient must pass a variety of edit checks, or "disbursement rules" to ensure that the student is enrolled in classes and has submitted all required documentation needed to satisfy program eligibility. After disbursement, student aid recipients are reviewed at the end of the 12th class day for a final enrollment status determination. Students who received aid based on projected full-time enrollment, but who have dropped below 12 credit hours, are subject to an adjustment of their aid package. At the end of the 25%, and final refund period, students are again reviewed and subject to aid adjustment based on final costs for the term. Aid recipients are monitored on a regular basis throughout the academic year. Files are reviewed weekly to identify updated FAFSA and Profile applications, and adjustments are made when required. Reports are submitted to the Texas Higher Education Coordinating Board periodically for review of state aid recipients, and the university is subject to periodic audits and reviews from both entities. Academic success is the ultimate goal of all aid programs, and satisfactory academic progress is reviewed at the end of each term. At a minimum, full-time students are required to complete at least 75% of attempted hours and obtain a 2.00 GPA to meet renewal requirements. Most TCU funded awards require a minimum GPA of 2.50. Academic scholarships require a 3.25 GPA. Once posted to student accounts, the office of student financial services also monitors award amounts in relation to specific charges. Award amounts that appear to be out of norm are referred back to the financial aid office for review. X X X X X false true X X X X X X false true false false false false false true true true Victor J Boschini Jr Chancellor 1403370 0 500000 0 824614 0 274150 0 197295 0 3199429 0 210000 0 Raymond Nowell Donovan Former Provost VC Academic Affairs 246412 0 0 0 33950 0 40659 0 27449 0 348470 0 0 0 Donald J Whelan Jr VC University Advancement 635185 0 200000 0 44614 0 126511 0 34124 0 1040434 0 0 0 Daniel W Pullin President 790799 0 50000 0 43826 0 48900 0 31965 0 965490 0 0 0 Teresa Abi-Nader Dahlberg Provost VC Academic Affairs 683893 0 0 0 15448 0 48898 0 31657 0 779896 0 0 0 Willian J Nunez VC Finance & Administration 612373 0 0 0 14978 0 48900 0 26503 0 702754 0 0 0 Tracy D Syler-Jones VC Marketing & Communication 368639 0 65897 0 20844 0 48900 0 26921 0 531201 0 0 0 Yohna J Chambers-Hastings VC Human Resources 329345 0 0 0 38591 0 26400 0 78938 0 473274 0 0 0 Kathryn M Cavins Tull VC Student Affairs 361959 0 0 0 25425 0 45400 0 25654 0 458438 0 0 0 Floyd L Wormley Jr Interim Provost and VC for Academic Affairs 282336 0 0 0 985 0 23346 0 33913 0 340580 0 0 0 Jonathan Benjamin-Alvarado Chief Inclusion Officer 248273 0 0 0 18845 0 20583 0 28189 0 315890 0 0 0 Jean M Pickett Board Secretary 261088 0 0 0 1699 0 31667 0 12982 0 307436 0 0 0 Kimberly K Adams Former Assoc. VC & Controller 206668 0 0 0 504 0 17374 0 202688 0 427234 0 0 0 Jeremiah Donati Athletic Director 1005794 0 544676 0 224399 0 190233 0 34298 0 1999400 0 118750 0 Jason R Safran Chief Investment Officer 555851 0 233750 0 154839 0 564204 0 37458 0 1546102 0 344541 0 Bryan C Lucas Chief Technology Officer 384748 0 0 0 6143 0 59733 0 96403 0 547027 0 0 0 Cheryl L Kennon Assoc. VC & Controller 258086 0 0 0 3360 0 21407 0 28458 0 311311 0 0 0 Todd S Waldvogel Assoc. VC Facilities & Campus Planning 254586 0 0 0 925 0 20474 0 3050 0 279035 0 0 0 Sonny Dykes Head Football Coach 6240517 0 675000 0 37275 0 48900 0 34321 0 7036013 0 0 0 James P Dixon Mens Basketball Coach 3839090 0 50000 0 334205 0 48900 0 93126 0 4365321 0 0 0 Kendal R Briles Offensive Coordinator 1273187 0 100000 0 96638 0 48900 0 34603 0 1553328 0 0 0 Kirk C Saarloos Head Baseball Coach 1002595 0 80000 0 140024 0 26400 0 31431 0 1280450 0 0 0 Muadianvita M Kazadi Ast AD FB Human Performance 765509 0 149500 0 39319 0 48900 0 34035 0 1037263 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel CHARTER TRAVEL WAS PROVIDED TO CHANCELLOR VICTOR BOSCHINI, VICE CHANCELLORS, ATHLETIC DIRECTOR, AND COACHES FOR PURPOSES OF TRAVEL TO CERTAIN ATHLETIC EVENTS AS APPROVED. CHARTER TRAVEL WAS PROVIDED TO CHANCELLOR BOSCHINI AND VICE CHANCELLORS FOR DONOR VISITS, VISITS TO OTHER UNIVERSITIES, AND FUNERAL SERVICES FOR UNIVERSITY CONSTITUENTS, AS APPROVED. SOCIAL CLUB DUES AND INITIATION FEES WERE PROVIDED IN ACCORDANCE WITH EMPLOYMENT CONTRACTS OR APPROVAL BY THE CHANCELLOR IN ACCORDANCE WITH THE PERSON'S POSITION. THE VICE CHANCELLOR FOR FINANCE AND ADMINISTRATION AND THE INTERIM ASSOCIATE VICE CHANCELLOR AND CONTROLLER REVIEW THE CHANCELLOR'S EXPENSES. OTHER BENEFITS LISTED IN LINE 1A WERE PROVIDED FOLLOWING WRITTEN POLICIES AND EMPLOYMENT CONTRACTS. Schedule J, Part I, Line 1a Travel for companions TRAVEL FOR COMPANIONS WAS PROVIDED TO JAMES P. DIXON II AND JEREMIAH DONATI, AND WAS TAXED TO THEM AS A PERSONAL FRINGE BENEFIT. Schedule J, Part I, Line 1a Housing allowance or residence for personal use TCU PROVIDES THE CHANCELLOR WITH A HOUSE AND REQUIRES HIM TO USE IT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THEREFORE, NO COMPENSATION HAS BEEN INCLUDED FOR SUCH USE. AN INDEPENDENT THIRD PARTY WAS ENGAGED TO VALUE THE HOUSING BENEFIT OF THE RESIDENCE; THE ESTIMATED THE VALUE OF THE BENEFIT IS $170,000. DANIEL W. PULLIN ALSO RECEIVED A HOUSING ALLOWANCE OF $22,000 DURING 2023. Schedule J, Part I, Line 1a Health or social club dues or initiation fees SOCIAL CLUB DUES WERE PROVIDED FOR VICTOR BOSCHINI, KENDAL BRILES, KATHRYN CAVINS TULL, TERESA ABI-NADER DAHLBERG, JAMES P. DIXON, JEREMIAH DONATI, SONNY DYKES, DANIEL WAYNE PULLIN, KIRK SAARLOOS, AND DONALD WHELAN. THE PERSONAL VALUE OF THE CLUB DUES WAS TAXED AS A PERSONAL FRINGE BENEFIT. SOCIAL CLUB DUES FOR BUSINESS PURPOSES WERE PROVIDED FOR WILLIAM J. NUNEZ, AND JASON R. SAFRAN. Schedule J, Part I, Line 1a Personal services THE CHANCELLOR RECEIVES LIMITED PERSONAL HOUSEKEEPING SERVICES AND WAS TAXED AS A PERSONAL FRINGE BENEFIT FOR THE VALUE OF THE PERSONAL SERVICES. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses CHARTER TRAVEL AND SOCIAL CLUB DUES ARE APPROVED IN ACCORDANCE WITH THE PERSON'S POSITION. THE VICE CHANCELLOR FOR FINANCE AND ADMINISTRATION AND THE ASSOCIATE VICE CHANCELLOR AND CONTROLLER REVIEW THE CHANCELLOR'S EXPENSES. OTHER BENEFITS LISTED IN LINE 1A WERE PROVIDED FOLLOWING WRITTEN POLICIES AND EMPLOYMENT CONTRACTS. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan IN TOTAL, VICTOR BOSCHINI ACCRUED $225,250 IN DEFERRED COMPENSATION DURING 2023. OF THIS AMOUNT, $76,500 WILL BE PAID OUT AS OF 05/31/24, AND $148,750 WILL BE PAID OUT AS OF 05/31/25, IF HE IS STILL EMPLOYED AS CHANCELLOR $698,717 IN PREVIOUSLY EARNED DEFERRED COMPENSATION WAS PAID TO VICTOR BOSCHINI DURING 2023. PAYMENT OF THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN 2023. THE ACCRUAL OF $210,000 OF THIS AMOUNT WAS REPORTED IN FORM 990 IN PRIOR YEARS. JEREMIAH DONATI ACCRUED $145,833 IN DEFERRED COMPENSATION DURING 2023. THE ACCRUED AMOUNT WOULD HAVE BEEN VESTED AS OF 5/31/2026 IF STILL EMPLOYED AS DIRECTOR OF ATHLETICS. ALSO, $137,528 IN PREVIOUSLY EARNED DEFERRED COMPENSATION WAS PAID TO JEREMIAH DONATI DURING 2023; PAYMENT OF THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION. OF THIS AMOUNT, $118,750 WAS REPORTED ON FORM 990 IN PRIOR YEARS. BRYAN LUCAS ACCRUED $33,333 IN DEFERRED COMPENSATION DURING 2023; THIS AMOUNT WILL BE PAID TO HIM AS OF 05/31/24 IF STILL EMPLOYED AS CHIEF TECHNOLOGY OFFICER. JASON R. SAFRAN ACCRUED $515,471 IN DEFERRED COMPENSATION DURING 2023. OF THIS TOTAL AMOUNT, $457,034 WAS PAID TO HIM ON 10/31/24; THE BALANCE OF $58,437 WILL BE PAID TO HIM AS OF 5/31/2025, IF STILL EMPLOYED AS CHIEF INVESTMENT OFFICER. ALSO, $120,139 IN PREVIOUSLY EARNED DEFERRED COMPENSATION WAS PAID TO JASON R. SAFRAN DURING 2023; PAYMENT OF THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION. ADDITIONALLY, $233,750 OF DEFERRED COMPENSATION WAS AWARDED TO JASON SAFRAN DURING 2023; THIS AMOUNT WAS INCLUDED AS BONUS & INCENTIVE COMPENSATION. OF THE TOTAL PAID OUT OF $353,889, $344,541 WAS REPORTED ON FORM 990 IN PRIOR YEARS. DONALD WHELAN ACCRUED $77,778 IN DEFERRED COMPENSATION DURING 2023; THIS AMOUNT WILL BE PAID TO HIM AS OF 05/31/26 IF STILL EMPLOYED AS VICE CHANCELLOR FOR ADVANCEMENT. Schedule J, Part I, Line 7 Non-fixed payments NON-FIXED PAYMENTS WERE MADE AS FOLLOWS: VICTOR BOSCHINI RECIEVED A $500,000 PERFORMANCE BONUS. KENDAL BRILES RECEIVED A $100,000 PERFORMANCE BONUS. JAMES P. DIXON RECEIVED A $50,000 PERFORMANCE BONUS. JEREMIAH DONATI RECEIVED A $544,676 PERFORMANCE BONUS. SONNY DYKES RECEIVED A $675,000 PERFORMANCE BONUS. MUADIANVITA KAZADI RECEIVED A $149,500 PERFORMANCE BONUS. DANIEL W. PULLIN RECEIVED A $50,000 PERFORMANCE BONUS. KIRK C. SAARLOOS RECEIVED A $80,000 PERFORMANCE BONUS. JASON R. SAFRAN RECEIVED A $233,750 PERFORMANCE BONUS. TRACY SYLER-JONES RECEIVED A $65,897 PERFORMANCE BONUS. DONALD WHELAN RECEIVED A $200,000 PERFORMANCE BONUS. Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception KIRK C. SAARLOOS WAS PROMOTED TO MEN'S HEAD BASEBALL COACH IN 2021 AND ENTERED INTO A CONTRACT WITH TCU IN 2021, WHICH WAS THE FIRST CONTRACT THAT HE SIGNED WITH TCU. HE WAS STILL UNDER THAT CONTRACT IN 2023. SONNY DYKES WAS HIRED AS MEN'S HEAD FOOTBALL COACH IN 2021 AND ENTERED INTO A CONTRACT WITH TCU IN 2021, WHICH WAS THE FIRST CONTRACT THAT HE SIGNED WITH TCU. HE WAS STILL UNDER THAT CONTRACT IN 2023. Schedule J, Part II, Column (B)(iii) SCHEDULE J PART II, COLUMN B(III) OTHER REPORTABLE COMPENSATION FOR VICTOR BOSCHINI, KATHRYN CAVINS TULL, JAMES DIXON, JEREMIAH DONATI, BRYAN LUCAS, KIRK C. SAARLOOS, TRACY SYLER JONES, AND DONALD WHELAN INCLUDES PENSION RESTORATION STIPEND PAYMENTS FOR AMOUNTS IN EXCESS OF 403(B) MAXIMUM LIMITS. OTHER REPORTABLE COMPENSATION FOR KATHRYN CAVINS TULL INCLUDES A CELL PHONE STIPEND. OTHER REPORTABLE COMPENSATION FOR KENDAL R. BRILES, TERESA ABI-NADER DAHLBERG, MUADIANVITA KAZADI, WILLIAM J. NUNEZ, DANIEL W. PULLIN, JASON R. SAFRAN AND TRACY SYLER-JONES INCLUDES AN AUTO STIPEND. OTHER REPORTABLE COMPENSATION FOR KENDAL R. BRILES INCLUDES TAXABLE RELOCATION EXPENSES. A RED RIVER EDUCATION FINANCE CORPORATION S2006 752791247 756872DU8 2006-02-15 80000000 TO FINANCE CAMPUS CONSTRUCTION false false false B RED RIVER EDUCATION FINANCE CORPORATION S2016A 752791247 756872KS5 2016-01-28 37602546 TO REFUND SERIES 2007 BONDS false false false C RED RIVER EDUCATION FINANCE CORPORATION S2016 752791247 000000000 2016-01-29 35250000 TO REFUND SERIES 2006A BONDS false false false D RED RIVER EDUCATION FINANCE CORPORATION S2017 752791247 000000000 2017-12-20 31628000 TO REFUND S2010 BONDS false false false A 0 0 83903941 0 3227336 0 348933 0 0 80327672 0 0 2008 false false true true B 9884177 0 37602546 0 0 0 455737 0 0 0 37146809 0 false true true true C 20050000 0 35250000 0 0 0 274973 0 0 0 34975027 0 true false true true D 1819000 0 31628000 0 0 0 171237 0 0 0 31456763 0 false true true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false false false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false false true true true true Merrill Lynch Capital Services 30.0 false false true Bayerische Landesbank 1.6 true false true B false false false true false false false false true C false false false true false false false false true D false false false true false false false false true A true B true C true D true Schedule K, Part II, Line 3 PROCEEDS OF ISSUE - SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUES DIFFERS FROM ISSUE PRICE AS A RESULT OF UNSPENT BOND PROCEEDS GENERATING INVESTMENT INCOME. INVESTMENT INCOME WAS ADDED TO THE ISSUE PRICE TO ARRIVE AT TOTAL PROCEEDS. Schedule K, Part III PRIVATE BUSINESS USE - SCHEDULE K, PART III: TCU HAS ELECTED TO USE PRIVATE FUNDING OR ITS OWN FUNDING FOR ANY PORTION OF THE FACILITIES WHERE PRIVATE BUSINESS USE MAY OCCUR, LEAVING THE BOND PROCEEDS TO BE USED EXCLUSIVELY FOR THE CONSTRUCTION OF THE REMAINING NON-PRIVATE-USE AREAS. Schedule K, Part IV, Line 2c COLUMN A Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2006 The calculation for computing no rebate due was performed on 02/27/2008 Schedule K, Part IV, Line 2c COLUMN B Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2016A The calculation for computing no rebate due was performed on 01/28/2021 Schedule K, Part IV, Line 2c COLUMN C Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2016 The calculation for computing no rebate due was performed on 05/31/2016 Schedule K, Part IV, Line 2c COLUMN D Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2017 The calculation for computing no rebate due was performed on 05/31/2020 NONE NONE 63000 FINANCIAL AID MERIT SCHOLARSHIPS BUSINESS JET ACCESS TRUSTEE AS OWNER 171906 CHARTER AIR TRAVEL false Professional Turf Products Trustee as owner 325150 Landscaping Equipment false Trent Ashley Tull Spouse of Officer 143588 Compensation false X 69 10609717 Market value X HORSES 11 1285000 Market value 8 false true false Schedule M, Part I EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS OTHER, HORSES - NUMBER OF ITEMS CONTRIBUTED SECURITIES, PUBLICLY TRADED - IN PART I, COLUMN B, TCU IS REPORTING THE RECEIPT OF THESE NONCASH CONTRIBUTIONS BASED ON THE NUMBER OF CONTRIBUTIONS, WHICH AT TIMES ALSO EQUALS THE NUMBER OF ITEMS RECEIVED. Schedule M, Part I Explanations of reporting method for number of contributions Other - HORSES NUMBER OF ITEMS CONTRIBUTED Securities - Publicly traded - IN PART I, COLUMN B, TCU IS REPORTING THE RECEIPT OF THESE NONCASH CONTRIBUTIONS BASED ON THE NUMBER OF CONTRIBUTIONS, WHICH AT TIMES ALSO EQUALS THE NUMBER OF ITEMS RECEIVED. Form 990, Part III, Line 4a "INSTRUCTION AND FINANCIAL AID:" The TCU Neeley School of Business is committed to fostering an inclusive, scholarly community composed of individuals who, through their diverse and sometimes competing perspectives, contribute to a free and intellectually challenging culture where students, faculty, staff and alumni have equitable opportunities and can forge paths toward personal and professional growth. The Neeley faculty and staff support students by preparing them to be leaders and innovators through high-quality academic curriculum and experiential learning. The same culture of support is extended by our alumni and corporate partners, both of whom are engaged and generous with their time. We build upon the momentum generated by living the Neeley Promise: The Neeley School of Business unleashes human potential with leadership at the core and innovation in our spirit. TCU Neeley continues to earn national recognition with rankings of distinction for both the undergraduate and graduate school. TCU Neeley is ranked the No. 1 Best Undergraduate Business School in Texas and among the Top 25 in the U.S. by Poets&Quants (2024) and No. 8 for Undergraduate Academic Experience. The full-time MBA program is ranked among the top 50 by U.S. News & World Report (2024). The TCU Neeley School's graduate supply chain program is ranked in the top 20 in the U.S. by Gartner (2024). The entrepreneurship program is ranked in the top 25 by U.S. News & World Report (2024) and the Institute for Entrepreneurship and Innovation was awarded the 2024 NASDAQ Center for Entrepreneurial Excellence, the highest recognition that a university entrepreneurship center or institute can receive. TCU Neeley has more than 3,400 students across eight undergraduate degree majors and seven graduate degree programs. Following graduation, 98% of undergraduates are employed or enrolled in graduate school, and full-time MBA graduates have a 96% job placement rate. THE BOB SCHIEFFER COLLEGE OF COMMUNICATION OFFERS PROGRAMS IN COMMUNICATION STUDIES, FILM-TELEVISION-DIGITAL MEDIA, JOURNALISM AND STRATEGIC COMMUNICATION. THE COLLEGE'S AWARD-WINNING STUDENT ACTIVITIES INCLUDE: ADVERTISING AND PUBLIC RELATIONS CAMPAIGN TEAMS, KTCU CAMPUS RADIO STATION, NEWS GROUPS AND PUBLICATIONS, SPEECH AND DEBATE TEAM, AND TWO STRATEGIC COMMUNICATION AGENCIES THAT SERVE EXTERNAL (ROXO) AND INTERNAL (SCHIEFFER ASSOCIATES) CLIENTS. THE COLLEGE OF EDUCATION PREPARES EDUCATORS AND LEADERS FOR DIVERSE, GLOBAL EDUCATIONAL SETTINGS THROUGH MEANINGFUL SCHOLARSHIP, PEDAGOGY, AND PRACTICE. DEPARTMENTS HOUSED WITHIN THE COLLEGE INCLUDE THE DEPARTMENT OF TEACHING AND LEARNING SCIENCES, THE DEPARTMENT OF EDUCATIONAL LEADERSHIP & HIGHER EDUCATION, AND THE DEPARTMENT OF COUNSELING, SOCIETAL CHANGE, AND INQUIRY. THE TEACHER PREPARATION PROGRAM HAS BEEN RECOGNIZED FOR EXEMPLARY, CULTURALLY RESPONSIVE TEACHER PREPARATION. STUDENTS IN THIS PROGRAM CHOOSE FROM EARLY CHILDHOOD TO SIXTH GRADE EDUCATION, MIDDLE SCHOOL EDUCATION, OR SECONDARY EDUCATION WITH A VARIETY OF CONCENTRATIONS AND CERTIFICATION AREAS. THE COLLEGE BOASTS A NEARLY 100 PERCENT TEACHER PLACEMENT RATE AND NEAR 100 PERCENT PASS RATE ON STATE CERTIFICATION EXAMS. AMONG NON-TEACHER CERTIFICATION UNDERGRADUATE PROGRAMS, STUDENTS CHOOSE FROM YOUTH ADVOCACY OR INTERDISCIPLINARY STUDIES. ADVANCED DEGREES ARE OFFERED IN CURRICULUM AND INSTRUCTION, COUNSELING, SPECIAL EDUCATION, EDUCATIONAL LEADERSHIP, HIGHER EDUCATION, AND SCIENCE EDUCATION. TCU IS THE ONLY UNIVERSITY IN THE NATION WITH TWO ON-CAMPUS SPECIAL EDUCATION LABORATORY SCHOOLS, STARPOINT AND KINDERFROGS SCHOOL. The College of Fine Arts at TCU is guided by our mission to prepare the next generation of creative leaders in the arts and champion the value of the arts as essential for learning and living in a global society. We combine artistic excellence with a strong liberal arts education to inspire creativity and collaboration at the intersection of tradition and innovation. Our students, faculty, and alumni are deeply invested in the Fort Worth community supporting collaborations with local school districts and professional arts organizations that include the Amon Carter Museum, The Cliburn, Fort Worth Symphony Orchestra, Fort Worth Opera, Kimbell Museum, Modern Art Museum of Fort Worth, and the Texas Ballet Theater. These partnerships cultivate important relationships and experiences that reinforce our mission to equip future creative leaders for success. The John V. Roach Honors College is a learning community of approximately 1200 students who are highly motivated and seek to embody the University's core mission: to educate individuals to "think and act as ethical leaders and responsible citizens in the global community." Honors students enjoy small classes that promote high levels of inquiry, engagement, and feedback along with unparalleled opportunities for faculty-mentored research. An Honors-enriched TCU education is truly transformative: enriching students' knowledge within and beyond their majors; strengthening their commitments to intellectual honesty, courage, and dialogue; and empowering them to serve as leaders in the community. Form 990, Part III, Line 4c "AUXILIARY ACTIVITIES:" TEXAS CHRISTIAN UNIVERSITY OPERATES AUXILIARY ACTIVITIES THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, AND STAFF, AND THAT CHARGE A FEE DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE GOODS OR SERVICES. AUXILIARY ACTIVITIES AT TEXAS CHRISTIAN UNIVERSITY CONSIST PRIMARILY OF RESIDENCE HALLS, DINING SERVICES, CONFERENCE SERVICES, THE UNIVERSITY BOOKSTORE, TCU PRESS, EXECUTIVE EDUCATIONAL PROGRAMS, AND MUSIC PREPARATORY PROGRAMS. TEXAS CHRISTIAN UNIVERSITY IS PRIMARILY A RESIDENTIAL CAMPUS, WITH ALMOST ONE HALF OF THE UNDERGRADUATE POPULATION LIVING ON CAMPUS. Form 990, Part III, Line 4b "STUDENT SERVICES:" TEXAS CHRISTIAN UNIVERSITY OFFERS STUDENT SERVICES, AND THE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND TO HIS OR HER INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. STUDENT SERVICES CONSISTS PRIMARILY OF INTERCOLLEGIATE ATHLETICS, THE HEALTH AND COUNSELING CENTER, OFFICE OF ADMISSIONS, REGISTRAR, STUDENT DEVELOPMENT SERVICES, CAREER CENTER, CAMPUS LIFE, CAMPUS RECREATION, CAMPUS MINISTRY, STUDENT GOVERNMENT, STUDENT ACTIVITIES, COMMUNITY INVOLVEMENT, INTERCULTURAL AND OUTREACH SERVICES, I.D. CARD OFFICE, AND ORIENTATION. Form 990, Part III, Line 4d FORM 990, PART III, LINE 4D: ALL OTHER PROGRAM SERVICES INCLUDES RESEARCH AND ACADEMIC SUPPORT. RESEARCH CONSISTS OF EXPENDITURES FOR RESEARCH AND DEVELOPMENT ACTIVITIES THAT ARE FUNDED BY GRANTS OR CONTRACTS FROM FEDERAL, STATE OR LOCAL GOVERNMENTS, FOUNDATIONS OR OTHER OUTSIDE PARTIES. ACADEMIC SUPPORT CONSISTS OF THE OPERATION OF THE UNIVERSITY'S CENTRAL LIBRARY SYSTEM, WRITING CENTER, INSTRUCTIONAL AND ACADEMIC SERVICES, THE LABORATORY SCHOOL FOR LEARNING DISABLED STUDENTS, EARLY CHILDHOOD EDUCATION PROGRAMS, ACADEMIC AFFAIRS, AND THE OPERATION OF TECHNOLOGY RESOURCES FOR THE CAMPUS COMMUNITY. THE CENTRAL LIBRARY SYSTEM OFFERS STUDENTS AND FACULTY ACCESS TO OVER 2 MILLION BOOKS AND AUDIO-VISUAL MATERIALS, AND A NUMBER OF COLLECTIONS. Form 990, Part III, Line 4a 'INSTRUCTION AND FINANCIAL AID" THE MISSION OF THE ADDRAN COLLEGE OF LIBERAL ARTS IS TO ADVANCE LIFE-LONG LEARNING AND DISCOVERY IN THE HUMANITIES, LANGUAGES, AND SOCIAL SCIENCES TO ENHANCE OUR SOCIETY, ELEVATE THE HUMAN CONDITION, AND DEVELOP ETHICAL LEADERS. PROFESSIONAL AND PRE-PROFESSIONAL CURRICULA ARE DELIVERED THROUGH 13 ACADEMIC DEPARTMENTS, 2 ROTC PROGRAMS, AND INTERDISCIPLINARY INITIATIVES, INCLUDING, THE CENTER FOR DIGITAL EXPRESSION, THE CENTER FOR TEXAS STUDIES, THE INSTITUTE FOR URBAN INNOVATION, AND THE CENTER FOR LANGUAGE AND INTERCULTURAL GLOBAL CONNECTION.. TCU STARTED A NEW ALLOPATHIC MEDICAL SCHOOL WHICH WAS ACCREDITED IN 2018; THE ANNE BURNETT MARION SCHOOL OF MEDICINE IS REDEFINING MEDICAL EDUCATION BY ABANDONING AN OUTDATED LECTURE MODEL AND EXPANDING THE CLINICAL EXPERIENCE. OUR MISSION IS TO TRANSFORM HEALTH CARE BY INSPIRING EMPATHETIC SCHOLARS. THIS IS ACCOMPLISHED THROUGH SEVERAL NOVEL MODALITIES. COMMUNICATION TRAINING IS EMBEDDED THROUGHOUT THE CURRICULUM TO CREATE EXCEPTIONALLY COMPASSIONATE COMMUNICATORS AND ACTIVE LISTENERS. THE CURRICULUM IS WHOLLY CENTERED ON THE PATIENT, ALLOWING STUDENTS TO RETAIN THE EMPATHY WITH WHICH THEY START MEDICAL SCHOOL. STUDENTS BEGIN SEEING PATIENTS FROM THEIR FIRST WEEK IN MEDICAL SCHOOL AND HAVE ONE-ON-ONE MENTORING RELATIONSHIPS WITH CLINICAL FACULTY FOR ALL FOUR YEARS. PHYSICIAN DEVELOPMENT COACHES FOSTER A PERSONAL RELATIONSHIP THAT CONTRIBUTES TO STUDENT PROFESSIONAL IDENTITY FORMATION WHILE PROVIDING AN ADDITIONAL LAYER OF SUPPORT TOWARD OUR STUDENTS' ACADEMIC SUCCESS AND WELLNESS. STUDENTS LEARN IN AN ADULT-LEARNER MODEL USING FLIPPED CLASSROOMS AND NO LECTURES. WE ALSO UTILIZE AUGMENTED AND VIRTUAL REALITY AND ADVANTAGE ARTIFICIAL INTELLIGENCE TO ADVANCE HOW STUDENTS LEARN AS WE PREPARE THEM FOR THE FUTURE. Students in the Harris College of Nursing & Health Sciences study varied health disciplines, including nursing, communication sciences and disorders, kinesiology, social work, occupational therapy, physician associate and nurse anesthesia. All are "helping professions" dedicated to improving people's lives and transforming global health care. Harris graduates consistently score higher than the national average on their licensing and certification exams. Each academic unit has external accreditation requirements and consistently performs well in these external measures. Faculty members are involved in significant research areas such as pharmacogenetics, obesity prevention, voice disorders, homelessness and patient safety. U.S. News & World Report also ranked TCU # 7 in the 2021 Best Doctor of Nursing Practice programs. THE COLLEGE OF SCIENCE & ENGINEERING OFFERS UNDERGRADUATE MAJORS IN ASTRONOMY & PHYSICS, BIOCHEMISTRY, BIOLOGY, BIOPHYSICS, CHEMISTRY, CHILD DEVELOPMENT, COMPUTER SCIENCE, GEOLOGY, ENGINEERING, ENVIRONMENTAL SCIENCES, MATHEMATICS, NEUROSCIENCE, NUTRITIONAL SCIENCES, PSYCHOLOGY, AND RANCH MANAGEMENT. THE COLLEGE ALSO OFFERS GRADUATE DEGREES, INCLUDING AT THE DOCTORAL LEVEL IN BIOLOGY, CHEMISTRY & BIOCHEMISTRY, MATHEMATICS, PHYSICS & ASTRONOMY, AND PSYCHOLOGY. THE INSTITUTE OF ENVIRONMENTAL STUDIES LEADS INTERDISCIPLINARY EFFORTS IN THE FIELD OF SUSTAINABILITY. THE PREHEALTH PROFESSIONS INSTITUTE HAS BEEN LONG KNOWN FOR AN ACCEPTANCE RATE AT PROFESSIONAL SCHOOLS OF ABOUT TWICE THE NATIONAL AVERAGE. THE COLLEGE'S KAREN PURVIS INSTITUTE OF CHILD DEVELOPMENT HAS MADE AN IMPORTANT IMPACT IN THE LIVES OF AT-RISK CHILDREN THROUGH RESEARCH, INTERVENTION, AND THERAPY. THE RANCH MANAGEMENT PROGRAM AND INSTITUTE ARE WORLD RECOGNIZED. THE INSTITUTE FOR BEHAVIORAL RESEARCH CONDUCTS FEDERALLY FUNDED RESEARCH FOR EVALUATING AND IMPROVING TREATMENT STRATEGIES THAT TARGET REDUCTIONS IN DRUG ABUSE. RESEARCH OPPORTUNITIES ABOUND FOR UNDERGRADUATES THROUGHOUT THE COLLEGE. TCU ALSO OFFERS A BROAD ARRAY OF EXTENDED EDUCATION OPPORTUNITIES. TCU PROVIDES INTERNAL GRANT RESOURCES WHICH ARE AVAILABLE TO THE COLLEGES AND SCHOOLS FOR THE PURPOSE OF SPONSORING NEW AND INNOVATIVE IDEAS FOR INSTRUCTION. THESE RESOURCES ARE AWARDED ON THE BASIS OF MERIT THROUGH A COMPETITIVE PROPOSAL REVIEW PROCESS. TCU IS COMMITTED TO FOSTERING INNOVATION THROUGH THIS APPROACH AS A MEANS TO SUPPORT CONTINUOUS IMPROVEMENT IN ACADEMIC PROGRAMMING. TCU IS COMMITTED TO ENROLLING TALENTED, MOTIVATED STUDENTS FROM DIVERSE BACKGROUNDS. TO THAT END, TCU OFFERS A FULL RANGE OF SCHOLARSHIPS, FINANCIAL AID, AND FINANCING OPTIONS TO FAMILIES OF ALL INCOME LEVELS. APPROXIMATELY 85 PERCENT OF TCU STUDENTS RECEIVE SOME TYPE OF ASSISTANCE FROM THE OFFICE OF SCHOLARSHIPS AND FINANCIAL AID. Form 990, Part III, Line 4d Description of other program services (Expenses $ 80,687,301 including grants of $)(Revenue $ 12,671,342) SEE SCHEDULE O Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY TCU'S WHISTLEBLOWER POLICY IS INCLUDED IN ITS WRITTEN CODE OF CONDUCT POLICY. THAT POLICY ADDRESSES HOW TO REPORT SUSPECTED VIOLATIONS OR CONCERNS, INCLUDING IDENTIFICATION OF STAFF MEMBERS AND OUTSIDE PARTIES TO WHOM SUCH INFORMATION CAN BE REPORTED, AS WELL AS DISCIPLINARY ACTION FOR ACTS OF RETALIATION. THE CODE OF CONDUCT POLICY HAS BEEN ADOPTED BY THE GOVERNING BOARD OF THE UNIVERSITY AS THE UNIVERSITY'S WHISTLEBLOWER POLICY. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons MARK JOHNSON AND BRYAN KING - Business relationship, KIT TENNISON MONCRIEF AND ADELAIDE MONCRIEF ROYER - Family relationship Form 990, Part VI, Line 4 Significant changes to organizational documents Summary of changes include: *Clarifying categories of Board members *Adding language to define Executive Sessions *Adding language to clarify guests at meetings *Adding language to clarify that the Committee on Governance shall present a slate of nominees for officers to the Board *Adding language to clarify the duties of the Treasurer and elevated Treasurer to officer *Adding language to make clear that the Board may authorize the appointment of a President to be selected by the Chancellor, but the By-laws do not require the appointment *Adding language to clarify the role of the President Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS REVIEWED INTERNALLY BY TCU'S FINANCIAL MANAGEMENT, INCLUDING THE UNIVERSITY'S CHIEF FINANCIAL OFFICER, BEFORE BEING PRESENTED TO THE UNIVERSITY'S AUDIT, RISK, AND COMPLIANCE COMMITTEE FOR REVIEW. TCU MANAGEMENT PROVIDES SPECIFIC DISCLOSURES RELATING TO INDIVIDUAL TRUSTEES, OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES TO THE AFFECTED INDIVIDUALS FOR THEIR REVIEW. THE UNIVERSITY'S AUDIT, RISK, AND COMPLIANCE COMMITTEE AND CHANCELLOR REVIEW FORM 990 BEFORE IT IS DISTRIBUTED TO ALL OTHER TRUSTEES. AFTER REVIEW AT ITS SPRING MEETING, THE AUDIT, RISK, AND COMPLIANCE COMMITTEE AUTHORIZES THE ONLINE DISTRIBUTION OF FORM 990 TO ALL TRUSTEES PRIOR TO FILING WITH THE IRS. THE FORM 990 REVIEW PROCESS BY THE AUDIT, RISK, AND COMPLIANCE COMMITTEE AND DISTRIBUTION TO ALL TRUSTEES HAS BEEN FORMALLY INCORPORATED INTO TCU'S AUDIT, RISK, AND COMPLIANCE COMMITTEE CHARTER. Form 990, Part VI, Line 12c Conflict of interest policy TCU HAS WRITTEN CONFLICT OF INTEREST POLICIES FOR ALL EMPLOYEES AS WELL AS FOR TRUSTEES. OFFICERS, TRUSTEES, AND KEY EMPLOYEES RECEIVE A WRITTEN COPY OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, ALONG WITH A LIST OF THE NAMES OF OTHER OFFICERS, TRUSTEES, AND KEY EMPLOYEES. THEY ALSO RECEIVE A CONFLICT OF INTEREST STATEMENT THAT MUST BE COMPLETED AND SIGNED, AND RETURNED TO THE CHANCELLOR. THE STATEMENT REQUIRES EACH INDIVIDUAL TO DISCLOSE WHETHER THEY HAVE ANY CONFLICTS OF INTEREST AND TO DESCRIBE THE NATURE OF ANY SUCH CONFLICTS. THE STATEMENT ALSO REQUIRES THE INDIVIDUAL TO DISCLOSE FAMILY RELATIONSHIPS AND BUSINESS RELATIONSHIPS WITH TCU AS WELL AS WITH OTHER OFFICERS, TRUSTEES, OR KEY EMPLOYEES. THE CHANCELLOR'S OFFICE FOLLOWS UP TO ENSURE THAT A SIGNED CONFLICT OF INTEREST STATEMENT IS RECEIVED FROM EACH AFFECTED INDIVIDUAL. THE CHANCELLOR AND THE CHAIR OF THE BOARD OF TRUSTEES REVIEW EACH STATEMENT. ANY POTENTIAL CONFLICTS ARE ALSO REVIEWED WITH TCU'S LEGAL COUNSEL AND FOLLOW UP UNDERTAKEN AS NEEDED TO ADDRESS ANY IDENTIFIED CONCERNS. THE STATEMENTS ARE ALSO PROVIDED TO THE FINANCE DEPARTMENT FOR REVIEW AND FOR FORM 990 DISCLOSURE PURPOSES. WITH RESPECT TO SPECIFIC TRANSACTIONS INVOLVING AN EXISTING OR POTENTIAL CONFLICT OF INTEREST, THE POLICY REQUIRES DISCLOSURE TO BE MADE AT THE EARLIEST POSSIBLE TIME AND ANNUALLY AFTER THAT. IN ACCORDANCE WITH THE POLICY, TRUSTEES OR OFFICERS CANNOT VOTE ON, NOR PARTICIPATE IN DISCUSSING, ANY MATTER IN WHICH THEY HAVE A CONFLICT OF INTEREST, EXCEPT TO PROVIDE INFORMATION. THE CONFLICT OF INTEREST POLICY FOR TCU EMPLOYEES IS AVAILABLE ON TCU'S HUMAN RESOURCES WEBSITE, IN ADDITION TO THE RELATED CONFLICT OF INTEREST DISCLOSURE FORM. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, EMPLOYEES MUST DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS SOON AS POSSIBLE AFTER THEY REALIZE THAT A CONFLICT OR POTENTIAL CONFLICT MAY HAVE ARISEN. THE DISCLOSURE MUST DETAIL THE POTENTIAL OR REAL CONFLICT OF INTEREST AND EXPLAIN HOW THE CONFLICT WILL BE MANAGED, REDUCED, OR ELIMINATED. CONFLICT OF INTEREST DISCLOSURE FORMS FOR EMPLOYEES ARE SUBMITTED TO THE OFFICE OF THE CHIEF FINANCIAL OFFICER AND ARE REVIEWED BY TCU'S FINANCIAL MANAGEMENT. IF A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS REPORTED AND ALLOWED TO EXIST UNDER THE REVIEW OF THE FINANCE OFFICE, IT IS REQUIRED THAT THE CONFLICT OR POTENTIAL CONFLICT BE RECONSIDERED ANNUALLY UNTIL IT IS RESOLVED. Form 990, Part VI, Line 15a Process to establish compensation of top management official TCU HAS ESTABLISHED THE FOLLOWING PROCEDURE FOR DETERMINING EXECUTIVE COMPENSATION FOR THE CHANCELLOR AND TO ASSURE THAT THE COMPENSATION MEETS THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD. TCU'S HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS COMPOSITE DATA FROM SEVERAL SALARY SURVEYS AND SOURCES. AND PROVIDES ANNUAL SALARY SURVEY COMPENSATION AND BENEFITS DATA TO THE EXECUTIVE COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE FOR USE IN DETERMINING THE CHANCELLOR'S SALARY. IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE CHARTER OF THE BOARD OF TRUSTEES, THE CHAIR OF THE BOARD APPOINTS A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY TO EVALUATE PERFORMANCE AND TO ASSURE THAT COMPENSATION FOR THE CHANCELLOR IS REASONABLE AND THAT ADEQUATE DOCUMENTATION IS MAINTAINED FOR SUPPORTING THE REASONABLENESS OF COMPENSATION PAID. THE CHAIR OF THE BOARD OF TRUSTEES SERVES AS THE CHAIR OF THE SUBCOMMITTEE. THE SUBCOMMITTEE'S CHARGE INCLUDES REVIEWING THE CHANCELLOR'S SELF-EVALUATION, REVIEWING ANY OTHER MATERIALS SUBMITTED BY THE CHANCELLOR AS PART OF THE EVALUATION, AND REVIEWING THE COMPENSATION PARAMETERS CURRENTLY APPLIED TO THE CHANCELLOR. THE SUBCOMMITTEE MEETS WITH THE CHANCELLOR TO DISCUSS PERFORMANCE AND THE CHAIR OF THE SUBCOMMITTEE/BOARD SUBSEQUENTLY ADVISES THE SECRETARY OF THE BOARD OF THE SUBCOMMITTEE'S COMPENSATION AND BENEFITS RECOMMENDATION FOR THE CHANCELLOR FOR THE COMING ACADEMIC YEAR. THE RECOMMENDATION OF COMPENSATION INCLUDES CONSIDERATION OF PERFORMANCE AS WELL AS CURRENT MARKET COMPENSATION DATA TO ENSURE THE REASONABLENESS OF THE RECOMMENDED COMPENSATION. AN INDEPENDENT COMPENSATION CONSULTING FIRM WAS USED BY THE SUBCOMMITTEE TO ASSIST IN EVALUATING AND ESTABLISHING THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2024. THE INDEPENDENT COMPENSATION CONSULTING FIRM REVIEWED FORM 990 DATA FOR COMPENSATION AND BENEFITS PROVIDED TO THE CHANCELLOR ROLE AT A PEER GROUP OF COMPARABLE PRIVATE UNIVERSITIES, AND ALSO REVIEWED THE SALARY SURVEY DATA PROVIDED BY TCU. THE INDEPENDENT COMPENSATION CONSULTING FIRM PREPARED A REASONABLENESS OPINION LETTER BASED UPON ITS REVIEW OF THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2024 AND THE REVIEW OF COMPARABLE MARKET DATA. THE LETTER SERVES TO DOCUMENT THE FIRM'S EVALUATION OF THE APPROVED COMPENSATION AND OUTLINE THE METHODOLOGY, FINDINGS AND THE BASIS FOR ITS OPINION OF ITS REASONABLENESS. IN ADDITION, AN INDEPENDENT LAW FIRM WAS USED BY THE SUBCOMMITTEE TO PREPARE AN EXCESS BENEFIT TRANSACTION LETTER, IN WHICH THE LAW FIRM OPINED THAT THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2024 DID NOT RESULT IN AN EXCESS BENEFIT TRANSACTION. THE CHAIR OF THE BOARD PRESENTS THE SUBCOMMITTEE'S FINAL EVALUATION OF THE CHANCELLOR'S PERFORMANCE AND COMPENSATION RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD IN AN EXECUTIVE SESSION AT THE NEXT SCHEDULED MEETING. THE CHAIR OF THE BOARD ADVISES THE FULL BOARD AT THE NEXT SCHEDULED MEETING THAT THE EVALUATION PROCESS WAS CONDUCTED AND COMPLETED AS SET FORTH IN THE EXECUTIVE COMMITTEE CHARTER. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CHANCELLOR'S COMPENSATION IN 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees TCU HAS ESTABLISHED THE FOLLOWING PROCEDURES FOR DETERMINING EXECUTIVE COMPENSATION FOR OTHER OFFICERS AND EXECUTIVE LEVEL EMPLOYEES. IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE CHARTER OF THE BOARD OF TRUSTEES, THE CHANCELLOR IS RESPONSIBLE FOR PERFORMING ANNUAL EVALUATIONS AND SETTING SALARIES AND OTHER COMPENSATION COMPONENTS FOR SENIOR ADMINISTRATIVE OFFICERS, SUBJECT TO LIMITATIONS SET IN THE BUDGET APPROVED BY THE FULL BOARD. THE CHANCELLOR PROVIDES A SUMMARY OF THE ANNUAL EVALUATIONS AND COMPENSATION DETERMINATIONS TO THE EXECUTIVE COMMITTEE DURING A SCHEDULED MEETING AND CITES RELIABLE AND INDEPENDENT COMPARABILITY DATA UPON WHICH COMPENSATION DETERMINATIONS ARE BASED. THE CHANCELLOR MAINTAINS RELEVANT DOCUMENTATION USED FOR COMPENSATION DETERMINATIONS. TO FACILITATE THE CHANCELLOR'S RESPONSIBILITIES, TCU'S HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS TWO SOURCES OF SALARY SURVEY DATA FOR SALARY COMPARISON PURPOSES WITH TCU'S EXECUTIVE LEVEL POSITIONS. EACH SPRING WHEN THE NEW SURVEY DATA IS RELEASED, TCU'S HUMAN RESOURCES DEPARTMENT REVIEWS THE DATA AND SUMMARIZES THE RESULTS INTO A REPORT IDENTIFYING SALARY INFORMATION FOR THE FOLLOWING POSITIONS: CHANCELLOR, VICE CHANCELLORS, DEANS, AND UNIT HEADS WHOSE JOBS CAN BE MATCHED TO SURVEY DATA. EACH YEAR THE SUPERVISING ADMINISTRATOR MEETS WITH SUBORDINATES AND EVALUATES THEIR PERFORMANCE. THIS EVALUATION BECOMES THE BASIS FOR DETERMINING THE AMOUNT OF THE MERIT INCREASE TO BE AWARDED USING THE SALARY SURVEY SUMMARY OF DATA AS A GUIDELINE FOR MAKING THIS DECISION. THIS PROCESS WAS LAST UNDERTAKEN FOR OFFICERS AND OTHER SENIOR EMPLOYEES IN 2024. AN INDEPENDENT COMPENSATION CONSULTING FIRM WAS USED BY THE SUBCOMMITTEE AND THE CHANCELLOR TO ASSIST IN EVALUATING AND ESTABLISHING THE COMPENSATION FOR DISQUALIFIED PERSONS FOR FISCAL YEAR 2024. THE INDEPENDENT COMPENSATION CONSULTING FIRM PERFORMED AN EXECUTIVE TOTAL REMUNERATION EVALUATION THAT CONFIRMED THE APPROPRIATE PEER GROUP FOR BENCHMARKING PURPOSES; GATHERED COMPENSATION AND BENEFITS DATA FOR EACH OF THE PEERS FROM FORM 990 FILINGS, ADJUSTING DATA AS NEEDED, AND MATCHING EACH EXECUTIVE TO THE APPROPRIATE ROLE; GATHERED ADDITIONAL DATA FROM SALARY SURVEYS PROVIDED BY TCU; DETERMINED THE MARKET POSITIONING OF EACH EXECUTIVE'S TOTAL REMUNERATION (COMPENSATION PLUS BENEFITS) RELATIVE TO THE COMPARATOR GROUPS; PREPARED A REPORT SUMMARIZING FINDINGS AND DISCUSSED FINDINGS WITH TCU; AND PREPARED A REASONABLENESS OPINION LETTER DOCUMENTING TCU'S FINAL PAY DECISIONS REGARDING THE EXECUTIVES. THIS PROCESS WAS LAST UNDERTAKEN FOR DISQUALIFIED PERSONS IN 2024. THE VICE CHANCELLOR OF FINANCE IS RESPONSIBLE FOR PERFORMING THE ANNUAL EVALUATION AND SETTING THE COMPENSATION FOR THE CHIEF INVESTMENT OFFICER, SUBJECT TO LIMITATIONS SET IN THE BUDGET APPROVED BY THE FULL BOARD. THE VICE CHANCELLOR PROVIDES A SUMMARY OF THE ANNUAL EVALUATION AND COMPENSATION DETERMINATION TO THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES DURING A SCHEDULED MEETING AND CITES RELIABLE AND INDEPENDENT COMPARABILITY DATA UPON WHICH COMPENSATION DETERMINATIONS ARE BASED. THE VICE CHANCELLOR MAINTAINS RELEVANT DOCUMENTATION USED FOR COMPENSATION DETERMINATIONS. TO FACILITATE THE VICE CHANCELLOR'S RESPONSIBILITIES, THE HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS TWO SOURCES OF COMPENSATION DATA FOR COMPENSATION COMPARISON PURPOSES WITH TCU'S EXECUTIVE LEVEL INVESTMENT STAFF. THE HUMAN RESOURCES DEPARTMENT ALSO ANNUALLY USES A CALCULATION THAT INCLUDES A QUANTITATIVE AND QUALITATIVE ANALYSIS BASED ON THE PERFORMANCE OF THE ENDOWMENT. THE HUMAN RESOURCES DEPARTMENT REVIEWS THE DATA AND SUMMARIZES THE RESULTS INTO A REPORT IDENTIFYING COMPENSATION INFORMATION FOR THE CHIEF INVESTMENT OFFICER. THIS REPORT BECOMES THE BASIS FOR DETERMINING THE AMOUNT OF MERIT INCREASE TO BE AWARDED. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CHIEF INVESTMENT OFFICER IN 2024. Form 990, Part VI, Line 19 Required documents available to the public TCU DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. TCU MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. TCU'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC VIA TCU'S HUMAN RESOURCES WEBSITE. Form 990, Part VIII, Line 2f Other Program Service Revenue All other program service revenue - Total Revenue: 15939865, Related or Exempt Function Revenue: 15918540, Unrelated Business Revenue: 21325, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Alumni Events - Total Revenue: 1855841, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 1855841; Form 990, Part X, Line 20 TAXABLE AND TAX-EXEMPT BOND LIABILITIES THE AMOUNT REPORTED ON LINE 20 INCLUDES TAX-EXEMPT BOND DEBT; REMAINING BOND LIABILITIES ARE REPORTED ON LINE 23. Form 990, Part XI, Line 9 Other changes in net assets or fund balances OTHER MISC. CHANGES - -1975; Post Retirement Benefit Actuarial Change - 1628761; Rounding - 9; BELLAIRE ACQUISITIONS LLC 777 MAIN STREET SUITE 2700 FORT WORTH TX 76102 814806107 REAL ESTATE TX 0 2820173 TCU DASHROSE LLC 3900 Verano Drive AUSTIN TX 78735 823189162 REAL ESTATE TX 238802 18949940 TCU NEBRASKA REALTY PARTNERS IV LLC 211 E 7th STREET SUITE 620 AUSTIN TX 78701 823291409 REAL ESTATE TX 0 7221532 TCU WEXLER MCCOY LLC 505 W 15th Street AUSTIN TX 78701 830826180 REAL ESTATE TX 0 2733482 TCU BERRY STREET PO LLC 211 E 7th Street Suite 620 Austin TX 78701 REAL ESTATE TX 0 2810345 TCU FDP TEXAS HOLDINGS A LLC 211 E 7th Street Suite 620 Austin TX 78701 333587707 REAL ESTATE TX 0 754213 TCU 812 WOOD STREET HOLDCO LLC 211 E 7th Street Suite 620 Austin TX 78701 333615681 REAL ESTATE TX 0 754218 TCU William C Conner Foundation TCU Box 298530 Neeley School of Business Fort Worth TX 761290001 756036724 Investments TX 501(c)(3) Type III-FI TCU true Texas Christian University Employer VEBA Trust 8625 Andrew Carnegie Blvd Charlotte NC 28262 823782225 WELFARE BENEFIT PLAN TX 501(c)(9) TCU true GCM GROSVENOR - TCU INVESTMENT FUND LP 767 FIFTH AVE 14TH FLOOR NEW YORK NY 10153 263345349 INVESTMENTS DE NONE Excluded 337810 2046110 false 37510 false 0.9283 TRITIUM I-A LP 1101 S CONGRESS AVE SUITE 350 AUSTIN TX 78704 470990592 INVESTMENTS DE NONE Excluded 142130 8554214 false 0 false 0.5183 BREAKWATER CREDIT OPPORTUNITIES FUND III LP 2121 AVENUE OF THE STARS SUITE 800 Century City CA 90067 862709775 INVESTMENTS DE NONE Excluded 1032014 13389540 false 0 false 0.7380 Virtual Holding Investors LLC 14 MADISON ROAD UNIT G FAIRFIELD NJ 07004 854332665 INVESTMENTS DE NONE Excluded 0 5688498 false 0 false 0.6165 Permian Nautilus Fund Ltd 94 Solaris Avenue Camana Bay PO Box 1348 Grand Cayman CJ KY11108 981167915 INVESTMENTS CJ NA C Corporation 18677749 104458262 0.4911 true Charitable Remainder Trusts (12) Support TX NA Trust false true false false false false false false false false false false false false false false false false true GCM GrosvenorTCU Investment Fund LP (CS TCU Inv Fund) B 125000 2023 K-1 GCM GrosvenorTCU Investment Fund LP (CS TCU Inv Fund) S 792273 2023 K-1 Tritium I-A LP B 1446520 2023 K-1 Tritium I-A LP S 170449 2023 K-1 Breakwater Credit Opportunities Fund III LP B 9373913 2023 K-1 Breakwater Credit Opportunities Fund III LP S 476865 2023 K-1 Virtual Holding Investors LLC B 91743 2023 K-1 Texas Christian University Employer VEBA Trust B 761066 Wire transfers