Civic Intelligence

University of Texas Inter-Cooperative Council Inc

EIN 23-7062502 • 501(c)3 • Austin, TX

Profile

Icc is a non-profit organization that owns and operates low-cost housing for college students in austin, texas.

2305 Nueces StAustin, TX 78705-5207

www.iccaustin.coop

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.55x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

91st percentile

1.99x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

20th percentile

-10.0%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

53rd percentile

$136,233

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

20th percentile

-5.1%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

28th percentile

-4.7%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$5,671,876

Down $304,445 (-5.1%) from 2024

Liabilities

Down

$3,113,322

Down $143,192 (-4.4%) from 2024

Net Assets

Down

$2,558,554

Down $161,253 (-5.9%) from 2024

Revenue

Down

$1,566,951

Down $76,492 (-4.7%) from 2024

Expenses

Up

$1,723,204

Up $43,892 (+2.6%) from 2024

Net Income

Down

-$156,253

Down $120,384 (-336%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $3,677,560Liabilities 2013: $1,407,986Net Assets 2013: $2,269,5742013Assets 2014: $3,838,591Liabilities 2014: $1,505,009Net Assets 2014: $2,333,5822014Assets 2015: $3,706,072Liabilities 2015: $1,283,882Net Assets 2015: $2,422,1902015Assets 2017: $3,720,533Liabilities 2017: $1,016,614Net Assets 2017: $2,703,9192017Assets 2018: $3,695,381Liabilities 2018: $790,955Net Assets 2018: $2,904,4262018Assets 2019: $5,236,758Liabilities 2019: $2,172,653Net Assets 2019: $3,064,1052019Assets 2020: $6,808,878Liabilities 2020: $3,664,861Net Assets 2020: $3,144,0172020Assets 2021: $6,551,499Liabilities 2021: $3,614,654Net Assets 2021: $2,936,8452021Assets 2022: $6,304,599Liabilities 2022: $3,459,552Net Assets 2022: $2,845,0472022Assets 2023: $6,139,101Liabilities 2023: $3,380,519Net Assets 2023: $2,758,5822023Assets 2024: $5,976,321Liabilities 2024: $3,256,514Net Assets 2024: $2,719,8072024Assets 2025: $5,671,876Liabilities 2025: $3,113,322Net Assets 2025: $2,558,5542025

Highlighted filing

2025

Assets$5,671,876
Liabilities$3,113,322
Net Assets$2,558,554

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2013: $1,225,3742013Revenue 2014: $1,309,481Expenses 2014: $1,245,473Net Income 2014: $64,0082014Revenue 2015: $1,375,292Expenses 2015: $1,286,684Net Income 2015: $88,6082015Revenue 2017: $1,448,297Expenses 2017: $1,271,425Net Income 2017: $176,8722017Revenue 2018: $1,497,804Expenses 2018: $1,296,200Net Income 2018: $201,6042018Revenue 2019: $1,454,824Expenses 2019: $1,295,145Net Income 2019: $159,6792019Revenue 2020: $1,261,437Expenses 2020: $1,181,525Net Income 2020: $79,9122020Revenue 2021: $1,081,335Expenses 2021: $1,288,507Net Income 2021: -$207,1722021Revenue 2022: $1,430,552Expenses 2022: $1,522,350Net Income 2022: -$91,7982022Revenue 2023: $1,602,387Expenses 2023: $1,688,852Net Income 2023: -$86,4652023Revenue 2024: $1,643,443Expenses 2024: $1,679,312Net Income 2024: -$35,8692024Revenue 2025: $1,566,951Expenses 2025: $1,723,204Net Income 2025: -$156,2532025

Highlighted filing

2025

Revenue$1,566,951
Expenses$1,723,204
Net Income-$156,253

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Mar 2, 2026
Return Version
2024v5.5
Gross Receipts
$1,566,951
Mission and Program Overview

Mission

Our mission is to provide quality, affordable, and healthy cooperative housing for students with financial need.

To advance higher education in austin, texas, by providing affordable non-profit housing, leadership training, and economic assistance to students at accredited area universities. The organization maintains a cooperative residential environment designed to reduce financial barriers to education, promote academic excellence, and develop responsible citizenship through member-led programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,394,897$5,245,463▼ $149,434
Cash and Non-Interest-Bearing Accounts$127,932$202,802▲ $74,870
Prepaid Expenses and Deferred Charges$167,331$172,495▲ $5,164
Savings and Temporary Cash Investments$244,414$37,042▼ $207,372
Investments Program Related$15,000$10,000▼ $5,000
Accounts Receivable$26,747$4,074▼ $22,673
Total Assets$5,976,321$5,671,876▼ $304,445
Liabilities
Tax Exempt Bond Liabilities$1,759,398$1,633,132▼ $126,266
Other Liabilities$1,409,439$1,404,389▼ $5,050
Accounts Payable and Accrued Expenses$69,933$48,246▼ $21,687
Deferred Revenue$17,744$27,555▲ $9,811
Total Liabilities$3,256,514$3,113,322▼ $143,192
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,719,807$2,558,554▼ $161,253
Total Net Assets Fund Balance$2,719,807$2,558,554▼ $161,253
Total Liabilities and Net Assets / Fund Balance$5,976,321$5,671,876▼ $304,445

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,233,319$4,398,494$8,631,813
Land$925,287-$925,287
Equipment$86,857$150,394$237,251
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
William ThogersenOperations ManagerFT$136,233$136,233
Stephanie LaneExecutive Director (thru Jan)FT$101,462$101,462
Anthony RossInterim Executive Director (feb-april)FT$65,187$65,187

Board Members and Trustees

NameTitle
Ab BrownPresident
Amara EgoPresident (thru April)
Jesse NylundDirector
Anna Jack MeinekeDirector (thru 2024)
Ashley DecherdDirector (thru 2024)
Cypher AusirDirector (thru 2024)
Larissa HackleyDirector (thru 2024)
Ocean EkmarkDirector (thru 2024)
Zhuoli XieDirector (thru April)
Kumi MelsonDirector (thru March)
Nick HillExecutive Director (beg April)
Aaron WoodsTrustee
James GilliardTrustee
Isaac CampbellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,159
Program Service Revenue
$1,559,042
Investment Income
$446
Other Revenue
$3,304
All Other Contributions
$4,159
Change in Net Assets
$-156,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,566,951
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,566,951
Total Revenue per Form 990
$1,566,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,316,702
Salaries, Compensation, and Employee Benefits$406,502
Total Fundraising Expense$12,795
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$675,091--$675,091
Depreciation Depletion$243,772--$243,772
Other Salaries and Wages$102,170$102,170-$204,340
Current Officers, Directors, Trustees, and Key Employees$64,448$87,331$9,807$161,586
Payroll Taxes$14,777$14,777-$29,554
Fees for Services Other-$26,326-$26,326
Fees for Services Accounting-$17,200-$17,200
Information Technology$7,141$7,141$2,520$16,802
Other Employee Benefits$5,511$5,511-$11,022
Fees for Services Legal-$8,800-$8,800
Conferences and Meetings$5,233$1,255-$6,488
Insurance-$2,632-$2,632
Office Expenses$1,012$1,012$359$2,383
Advertising$264$264$93$621
Other Expenses$149$36,429-$149
Travel$44$44$16$104
All Other Expenses-$12-$12
Total Functional Expenses$1,399,505$310,904$12,795$1,723,204

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,728,204
Expenses per Audited Statements$1,723,204
Total Expenses per Form 990$1,723,204
Expenses Not Reported on Form 990$5,000
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Forgivable Loan$1,328,089
Member Deposits$76,300

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACapital Area Cultural Education Facilities Finance Corporation2018-07-27$2,475,000Construct affordable student housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,475,000-$681,627$90,765

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

This corporation has two classes of membership: current and alumni. Current members are qualified students with valid member resident agreements. They may vote on any issue open to the consent of the general membership. Alumni members are all former members of icc austin in good standing or any honorary members selected by the board of directors. Alumni members have no voting rights.

Form 990, Part VI, Section A, Line 7A

The board consists of the following members: nine current members (directors) and six community trustees. Directors shall be elected in a manner prescribed by each house-community. Community trustees shall be elected by ballot of all current members.

Form 990, Part VI, Section A, Line 7B

Amendments to the bylaws must be approved by the board, then by a majority of those voting in a referendum. Proposals shall be posted in all houses for a period of ten days before the membership vote.

Form 990, Part VI, Section B, Line 11B

The prepared form 990 is reviewed and approved by management before the return is filed with the irs. A copy of the form 990 is also provided to the members of the governing body.

Form 990, Part VI, Section B, Line 12C

Training for the members of the governing body includes an explanation of icc-austin's conflict of interest policy. Members are regularly reminded to provide information regarding their interests and those of their family members that could give rise to conflicts.

Form 990, Part VI, Section B, Line 15

The starting compensation for any position is determined based comparable local market compensation for nonprofit positions and must be approved by the members of the governing body. Rules regarding cost of living adjustments, bonuses, merit raises, and benefits are outlined in icc-austin's standing rules. The rules specify that all compensation increases must be approved by the members of the governing body.

Form 990, Part VI, Section C, Line 19

Icc-austin's bylaws, standing rules, and conflict of interest policies are available on its website. Icc-austin also makes its articles of incorporation and financial statements available to the public upon request. Any other governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
University of Texas Inter-cooperative
EIN
23-7062502
Phone
5124761957
Address
2305 NUECES ST, AUSTIN, TX 78705-5207

Signing Officer

Name
Nick Hill
Title
Executive Director
Phone
5124761957
Signed
2026-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Hill
Formed
1970
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
203

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Bruce Mayer CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Loss on investments in other cooperatives -5,000.

Raw XML AppendixShowing 400 of 546 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0UNIVERSITY OF TEXAS INTER-COOPERATIVE COUNCIL, INC. (ICC-AUSTIN), PROVIDES A RESIDENTIAL LEARNING ENVIRONMENT WHERE 200 STUDENT-MEMBERS ENGAGE IN A CURRICULUM OF COOPERATIVE MANAGEMENT. MEMBERS RECEIVE HANDS-ON TRAINING IN CONFLICT RESOLUTION, COLLABORATIVE COMMUNICATION, AND DEMOCRATIC GOVERNANCE. BY PARTICIPATING IN THE ESSENTIAL OPERATIONS OF THE COMMUNITY, INCLUDING LARGE-SCALE NUTRITIONAL PLANNING, FACILITIES MAINTENANCE, AND FINANCIAL OVERSIGHT, STUDENTS DEVELOP PRACTICAL LEADERSHIP SKILLS THAT COMPLEMENT THEIR FORMAL ACADEMIC STUDIES AND PREPARE THEM FOR RESPONSIBLE CITIZENSHIP.
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