The University of TexasTexas A&M Investment Management Company
The University of TexasTexas A&M Investment Management Company reported $83.0 million in revenue and $76.4 million in expenses for the fiscal year ending August 31, 2025. Of every $100 it spent, $88.63 went to program services, $11.37 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.7% of the total. The highest compensation it reported for one person was $5,162,911 (PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER). 113 people received more than $100,000 in reportable compensation. Revenue rose 65% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending August 31, 2025 · Form 990, Part IX, line 25 · total expenses $76MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending August 31, 2025 · Form 990, Part VIII · total revenue $83MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 96.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $5,162,911 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 6.75% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 113 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER Officer, 40.0 hrs/week | $2,633,534 | $0 | $2,529,377 | $5,162,911 |
| SENIOR MANAGING DIRECTOR - INVESTMENTS Officer, 40.0 hrs/week | $1,391,718 | $0 | $1,441,860 | $2,833,578 |
| SENIOR MANAGING DIRECTOR - INVESTMENTS Officer, 40.0 hrs/week | $1,106,295 | $0 | $1,397,721 | $2,504,016 |
| SENIOR MANAGING DIRECTOR - INVESTMENTS Officer, 40.0 hrs/week | $1,026,261 | $0 | $1,177,633 | $2,203,894 |
| SENIOR MANAGING DIRECTOR - INVESTMENTS Officer, 40.0 hrs/week | $1,019,815 | $0 | $1,141,037 | $2,160,852 |
| MANAGING DIRECTOR - INVESTMENTS Officer, 40.0 hrs/week | $930,226 | $0 | $1,008,782 | $1,939,008 |
| MANAGING DIRECTOR - INVESTMENTS Officer, 40.0 hrs/week | $844,131 | $0 | $1,009,392 | $1,853,523 |
| MANAGING DIRECTOR - INVESTMENTS Officer, 40.0 hrs/week | $739,486 | $0 | $975,620 | $1,715,106 |
113 people received more than $100,000 in reportable compensation from The University of TexasTexas A&M Investment Management Company (Part VII, line 2). Compensation of current officers, directors and key employees totaled $21M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5151
Correct a figure or respond
Every number above is copied from The University of TexasTexas A&M Investment Management Company's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The University of TexasTexas A&M Investment Management Company, you can publish a response that is linked from this page.
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Of every $100 The University of TexasTexas A&M Investment Management Company spent in FY2025, $88.63 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of The University of TexasTexas A&M Investment Management Company's spending goes to programs?
In the fiscal year ending August 31, 2025, The University of TexasTexas A&M Investment Management Company reported that 88.6% of its $76.4 million in expenses went to program services, 11.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The University of TexasTexas A&M Investment Management Company pay its top executive?
The largest total compensation The University of TexasTexas A&M Investment Management Company reported for one person in the fiscal year ending August 31, 2025 was $5,162,911, for the role of PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The University of TexasTexas A&M Investment Management Company get its money?
Of $83.0 million in revenue in the fiscal year ending August 31, 2025, 0.0% came from contributions and grants and 96.7% from program service revenue (Form 990, Part VIII).
Is The University of TexasTexas A&M Investment Management Company a registered charity?
The IRS lists EIN 74-2765082 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending August 31, 2025, object 202641829349300024 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending August 31, 2024, object 202541899349300034 · read the filing
- FY2023: Form 990 for the fiscal year ending August 31, 2023, object 202421919349300237 · read the filing
- FY2022: Form 990 for the fiscal year ending August 31, 2022, object 202331879349300948 · read the filing
- FY2021: Form 990 for the fiscal year ending August 31, 2021, object 202201949349300425 · read the filing
- FY2020: Form 990 for the fiscal year ending August 31, 2020, object 202111949349300326 · read the filing
All filings for EIN 74-2765082: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.