Skip to content
ProPublica Donate
ProPublica Donate

University Of The Southwest Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$3.07M (2024)

Expenses
$523k (2024)

Total Assets
$20.4M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,066,523
Expenses
$523,361
Net Income
$2,543,162
Net Assets
$20,411,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,445,425
47.1%
Program Services $0
Investment Income $301,174
9.8%
Bond Proceeds $0
Royalties $617,694
20.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $702,230
22.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,411,212
Total Liabilities $0
Net Assets $20,411,212
Compensation
Key Employees and Officers Compensation Related Other
Dr Ryan Tipton (Ceo) $0 $247,900 $12,628
Larry Gandy (Vice Chair) $0 $0 $0
Michael Pearson (Chair) $0 $0 $0
Summer North Wright (Secretary) $0 $0 $0
Lee Roberson (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
R Finn Smith (Board Member) $0 $0 $0
Randy Hobbs (Board Member) $0 $0 $0
Samuel S Spencer Jr (Board Member) $0 $0 $0
Paula Smith (Treasurer) $0 $143,702 $14,478

Document Links

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,911,382
Expenses
$367,325
Net Income
$1,544,057
Net Assets
$15,871,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $583,807
30.5%
Program Services $0
Investment Income $239,243
12.5%
Bond Proceeds $0
Royalties $911,129
47.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $177,203
9.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,871,164
Total Liabilities $0
Net Assets $15,871,164
Compensation
Key Employees and Officers Compensation Related Other
Dr Quint Thurman (Part Year) (President) $0 $80,183 $1,753
Dr Ryan Tipton (Interim President) $0 $233,109 $12,558
Michael Pearson (Secretary) $0 $0 $0
Samuel S Spencer Jr (Chair) $0 $0 $0
Summer North Wright (Vice Chair) $0 $0 $0
Larry Gandy (Board Member) $0 $0 $0
Larry Scott (Part Year) (Board Member) $0 $0 $0
Lee Roberson (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
R Finn Smith (Board Member) $0 $0 $0
Paula Smith (Evp/Cfo) $0 $129,000 $7,647

Document Links

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,194,168
Expenses
$355,189
Net Income
$1,838,979
Net Assets
$13,945,988
Notable Sources of Revenue Percent of Total Revenue
Contributions $58,552
2.7%
Program Services $0
Investment Income $220,419
10.0%
Bond Proceeds $0
Royalties $931,656
42.5%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $983,541
44.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,945,988
Total Liabilities $0
Net Assets $13,945,988
Compensation
Key Employees and Officers Compensation Related Other
Dr Quint Thurman (President) $0 $213,672 $781
Samuel S Spencer Jr (Chair) $0 $0 $0
Michael Pearson (Secretary) $0 $0 $0
Summer North Wright (Vice Chair) $0 $0 $0
R Finn Smith (Vice Chair (Part Year)/Board Member) $0 $0 $0
Larry Gandy (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
Larry Scott (Board Member) $0 $0 $0
Brandon Arnold (Board Member (Part Year)) $0 $0 $0
Paula Smith (Treasurer) $0 $19,846 $0
Steve Rachel (Treasurer (Part Year)) $0 $97,314 $9,679

Document Links

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,233,387
Expenses
$309,971
Net Income
$923,416
Net Assets
$12,941,673
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,000
0.9%
Program Services $0
Investment Income $76,186
6.2%
Bond Proceeds $0
Royalties $523,051
42.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $623,150
50.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,941,673
Total Liabilities $0
Net Assets $12,941,673
Compensation
Key Employees and Officers Compensation Related Other
Dr Quint Thurman (President) $0 $332,131 $921
Samuel S Spencer Jr (Chair) $0 $0 $0
Michael Pearson (Secretary) $0 $0 $0
R Finn Smith (Vice Chair) $0 $0 $0
Larry Gandy (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
Summer North Wright (Board Member) $0 $0 $0
Larry Scott (Board Member) $0 $0 $0
Brandon Arnold (Board Member) $0 $0 $0
Steve Rachel (Treasurer) $0 $100,627 $19,004

Document Links

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$766,381
Expenses
$275,452
Net Income
$490,929
Net Assets
$9,029,785
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,528
1.2%
Program Services $0
Investment Income $203,555
26.6%
Bond Proceeds $0
Royalties $553,298
72.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,029,785
Total Liabilities $0
Net Assets $9,029,785
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Quint Thurman Ex Officio (President) $0 $226,003 $4,507
Steve Rachel (Cfo) $0 $91,197 $14,862
Larry Gandy (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
Samuel S Spencer Jr (Board Member) $0 $0 $0
Summer North (Board Member) $0 $0 $0
Michael Pearson (Board Member) $0 $0 $0
Larry Scott (Board Member) $0 $0 $0
R Finn Smith (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$564,147
Expenses
$265,842
Net Income
$298,305
Net Assets
$7,839,577
Notable Sources of Revenue Percent of Total Revenue
Contributions $750
0.1%
Program Services $0
Investment Income $158,110
28.0%
Bond Proceeds $0
Royalties $405,287
71.8%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,839,577
Total Liabilities $0
Net Assets $7,839,577
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry Gandy (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
Michael Pearson (Board Member) $0 $0 $0
Lee Roberson (Board Member) $0 $0 $0
Larry Scott (Board Member) $0 $0 $0
R Finn Smith (Board Member) $0 $0 $0
Samuel S Spencer Jr (Board Member) $0 $0 $0
Quint Thurman Ex Officio (President) $0 $212,280 $1,309
Steve Rachel (Cfo) $0 $61,607 $22,620

Document Links

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$689,709
Expenses
$243,864
Net Income
$445,845
Net Assets
$7,374,355
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,800
1.0%
Program Services $0
Investment Income $136,368
19.8%
Bond Proceeds $0
Royalties $264,519
38.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $282,022
40.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,374,355
Total Liabilities $0
Net Assets $7,374,355
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry Gandy (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
Deena Palmer (Board Member) $0 $0 $0
Michael Pearson (Board Member) $0 $0 $0
Lee Roberson (Board Member) $0 $0 $0
Larry Scott (Board Member) $0 $0 $0
R Finn Smith (Board Member) $0 $0 $0
Samuel S Spencer Jr (Board Member) $0 $0 $0
Quint Thurman Ex Officio (President) $0 $238,653 $769
Steve Rachel Ex Officio (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$521,601
Expenses
$210,460
Net Income
$311,141
Net Assets
$6,719,084
Notable Sources of Revenue Percent of Total Revenue
Contributions $58,500
11.2%
Program Services $0
Investment Income $134,105
25.7%
Bond Proceeds $0
Royalties $204,221
39.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $124,775
23.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,719,084
Total Liabilities $0
Net Assets $6,719,084
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Deena Palmer (Board Member) $0 $0 $0
Larry Gandy (Board Member) $0 $0 $0
Kristi Goodwin (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
Larry Scott (Board Member) $0 $0 $0
R Finn Smith (Board Member) $0 $0 $0
Samuel S Spencer Jr (Board Member) $0 $0 $0
Kenneth Wallace (Board Member) $0 $0 $0
Michael Pearson (Board Member) $0 $0 $0
Quint Thurman Ex Officio (President) $0 $214,358 $1,456
Ron Mcbee Ex Officio (Treasurer) $0 $87,716 $21,599

Document Links

Fiscal Year Ending May
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$738,793
Expenses
$204,530
Net Income
$534,263
Net Assets
$5,940,614
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,000
0.3%
Program Services $0
Investment Income $125,230
17.0%
Bond Proceeds $0
Royalties $104,553
14.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $507,010
68.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,940,614
Total Liabilities $0
Net Assets $5,940,614
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tate Branch (Board Member) $0 $0 $0
Larry Gandy (Board Member) $0 $0 $0
Kristi Goodwin (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
Larry Scott (Board Member) $0 $0 $0
R Finn Smith (Board Member) $0 $0 $0
Samuel S Spencer Jr (Board Member) $0 $0 $0
Kenneth Wallace (Board Member) $0 $0 $0
Todd Williford (Board Member) $0 $0 $0
Quint Thurman Ex Officio (President) $0 $183,865 $24,935
Ron Mcbee Ex Officio (Treasurer) $0 $85,256 $25,266

Document Links

Fiscal Year Ending May
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$359,683
Expenses
$174,020
Net Income
$185,663
Net Assets
$5,919,746
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,433
7.6%
Program Services $0
Investment Income $113,535
31.6%
Bond Proceeds $0
Royalties $106,027
29.5%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $112,688
31.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,919,746
Total Liabilities $0
Net Assets $5,919,746
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tate Branch (Board Member) $0 $0 $0
Larry Gandy (Board Member) $0 $0 $0
Kristi Goodwin (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
Larry Scott (Board Member) $0 $0 $0
R Finn Smith1 (Board Member) $0 $0 $0
Samuel S Spencer Jr (Board Member) $0 $0 $0
Kenneth Wallace (Board Member) $0 $0 $0
Todd Williford (Board Member) $0 $0 $0
Ron Mcbee Ex Officio (Treasurer) $0 $89,608 $13,286
Quint Thurman Ex Officio (President) $0 $62,000 $3,753

Document Links

Fiscal Year Ending May
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$560,196
Expenses
$147,822
Net Income
$412,374
Net Assets
$5,475,945
Notable Sources of Revenue Percent of Total Revenue
Contributions $106,850
19.1%
Program Services $0
Investment Income $95,995
17.1%
Bond Proceeds $0
Royalties $240,919
43.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $116,432
20.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,475,945
Total Liabilities $0
Net Assets $5,475,945
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Samuel Spencer Jr (Chairman) $0 $0 $0
R Finn Smith (Board Member) $0 $0 $0
Larry Scott (Board Member) $0 $0 $0
Paul Trone (Board Member) $0 $0 $0
Kenneth Wallace (Board Member) $0 $0 $0
Larry Gandy (Board Member) $0 $0 $0
Todd Williford (Board Member) $0 $0 $0
Lisa Hardison (Board Member) $0 $0 $0
Tate Branch (Board Member) $0 $0 $0
Gary Dill (Chief Executive Officer) $0 $159,232 $24,512
Dee Mooney (Treasurer) $0 $153,611 $23,227

Document Links

Fiscal Year Ending May
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,962
Expenses
$135,086
Net Income
$100,876
Net Assets
$4,608,888
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,925
3.4%
Program Services $0
Investment Income $96,431
40.9%
Bond Proceeds $0
Royalties $131,606
55.8%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,608,888
Total Liabilities $0
Net Assets $4,608,888

Document Links

Fiscal Year Ending May
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$239,757
Expenses
$136,179
Net Income
$103,578
Net Assets
$3,906,631
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,575
8.2%
Program Services $0
Investment Income $84,684
35.3%
Bond Proceeds $0
Royalties $69,211
28.9%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $66,287
27.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,906,631
Total Liabilities $0
Net Assets $3,906,631

Document Links

Fiscal Year Ending May
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »