Red Raiders Facilities Foundation Inc
99% goes to programs $0 to raise $100 Thin reserves Declining revenue
Red Raiders Facilities Foundation Inc is a 501(c)(3) organization based in Fort Worth, Texas, registered in 2022, with -$38,017,445 in FY2024 revenue. CharityIndex grades it C, and it directs about 99% of spending to programs.
801 Cherry St Ste 500, Fort Worth, TX, 76102 EIN 87-3740602 Since 2022
Revenue (FY2024)
-$38.0M
▼ 376.9% vs prior year
Education median: $200K
Expenses (FY2024)
$62.7M
Net assets
$1.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Red Raiders Facilities Foundation Inc: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -265% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Red Raiders Facilities Foundation Inc: 0 mo reserves · -265% margin earns a F on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Red Raiders Facilities Foundation Inc: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Red Raiders Facilities Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To support and promote, and otherwise hold, invest and administer property and make expenditures for the benefit of athletics at texas tech university.
Contact & location
- Address
- 801 Cherry St Ste 500, Fort Worth, TX, 76102
- City
- Fort Worth
- State
- Texas
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $73.1M (FY2021) to -$38.0M (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9MNet assets $1.6M
Operating margin
-264.9%
Spent more than it raised in the latest fiscal year.
Total assets
$3.6M
Total liabilities
$1.9M
Net assets
$1.6M
Salaries & benefits
$0
0% of expenses
Board members
3
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$38,017,445▼377% | $62,674,082▲1175% | $1,618,894▼98.4% | $3,566,593▼98.7% | 990 |
| 2023 | $13,728,269▼40.8% | $4,916,545▲91.2% | $102,310,421▲9.4% | $282,360,704▲97.3% | 990 |
| 2022 | $23,202,647▼68.3% | $2,571,080▲924% | $93,498,697▲28.3% | $143,095,740▲95.5% | 990 |
| 2021 | $73,118,231 | $251,101 | $72,867,130 | $73,179,375 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher Huckabee | Chairman | 15 | — |
| Kendra Burris | Secretary | 0.5 | — |
| Tray Payne | Treasurer | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Manhattan Lee Lewis | Construction | $39,066,717 |
| Daktronics | Construction | $871,481 |
| Stoett Industries | Construction | $368,483 |
| Clair Global Integration LLC | Construction | $239,575 |
| Timshel Global Services | Consulting | $207,818 |
Grants received · $18.0M total
21 grants to Red Raiders Facilities Foundation Inc totaling $18.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Horizons | Education | 2024 | $6,500,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $500,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $150,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $50,000 |
| Greater Houston Community Foundation | Educational | 2024 | $25,000 |
| American Online Giving Foundation Inc | General support | 2024 | $25,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,030,000 |
| National Philanthropic Tr | Education | 2023 | $350,000 |
| Donor Advised Charitable Giving | Education | 2023 | $285,000 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $150,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2023 | $50,000 |
| Greater Houston Community Foundation | Human services | 2023 | $25,000 |
| American Online Giving Foundation Inc | General support | 2023 | $25,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2023 | $10,000 |
Grants made · $46.4M in FY2024
1 grant totaling $46.4M in FY2024. All grants made by Red Raiders Facilities Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Tech Foundation Inc | To give all remaining pledges to the texas tech foundation to use for the benefit of the ttu system. | $46,375,082 |
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Frequently asked questions
- Is Red Raiders Facilities Foundation Inc a legitimate nonprofit?
- Yes. Red Raiders Facilities Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 87-3740602, based in Fort Worth, Texas. Donations are tax-deductible.
- What is Red Raiders Facilities Foundation Inc's EIN?
- Red Raiders Facilities Foundation Inc's Employer Identification Number (EIN) is 87-3740602.
- How much revenue does Red Raiders Facilities Foundation Inc report?
- Red Raiders Facilities Foundation Inc reported -$38,017,445 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Red Raiders Facilities Foundation Inc's spending goes to programs?
- Red Raiders Facilities Foundation Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Red Raiders Facilities Foundation Inc have?
- CharityIndex grades Red Raiders Facilities Foundation Inc C, based on program efficiency and fundraising cost.
- How much does Red Raiders Facilities Foundation Inc's highest-paid employee make?
- The highest reported compensation on Red Raiders Facilities Foundation Inc's latest Form 990 is $0, paid to Christopher Huckabee (Chairman).
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Data for Red Raiders Facilities Foundation Inc (EIN 87-3740602) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.