Civic Intelligence

Icut Foundation

990 • Fiscal year 2020 • EIN 75-1540769

Oct 01, 2019 to Sep 30, 2020 • Filed on Jul 08, 2021

Organization ProfileN/A
1303 San Antonio StAustin, TX 78701

(512) 472-9522

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.70x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.64x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

47th percentile

3.3%

Higher net margin than 47% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$276,918

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 122.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

68th percentile

22%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

-8.3%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$205,406

Up $37,593 (+22%) from 2019

Net Assets

Up

$60,609

Up $5,648 (+10%) from 2019

Liabilities

Up

$144,797

Up $31,945 (+28%) from 2019

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin47th percentile

Revenue

Down

$226,536

Down $20,478 (-8.3%) from 2019

Expenses

Down

$219,058

Down $29,334 (-12%) from 2019

Net Income

Up

$7,478

Up $8,856 (+643%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $75,239Liabilities 2011: $02011Assets 2012: $114,446Liabilities 2012: $1,8422012Assets 2013: $105,184Liabilities 2013: $02013Assets 2014: $115,181Liabilities 2014: $02014Assets 2015: $132,785Liabilities 2015: $30,5002015Assets 2016: $142,795Liabilities 2016: $51,720Net Assets 2016: $91,0752016Assets 2017: $92,958Liabilities 2017: $47,080Net Assets 2017: $45,8782017Assets 2018: $238,716Liabilities 2018: $182,935Net Assets 2018: $55,7812018Assets 2019: $167,813Liabilities 2019: $112,852Net Assets 2019: $54,9612019Assets 2020: $205,406Liabilities 2020: $144,797Net Assets 2020: $60,6092020Assets 2021: $222,305Liabilities 2021: $150,897Net Assets 2021: $71,4082021Assets 2022: $1,110,544Liabilities 2022: $175,602Net Assets 2022: $934,9422022Assets 2023: $1,438,280Liabilities 2023: $470,187Net Assets 2023: $968,0932023Assets 2024: $1,711,790Liabilities 2024: $420,844Net Assets 2024: $1,290,9462024

Highlighted filing

2020

Assets$205,406
Liabilities$144,797
Net Assets$60,609
Open 2020 Filing

Operations Trend

Revenue Growth55th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $110,847Expenses 2011: $106,802Net Income 2011: $4,0452011Revenue 2012: $130,794Expenses 2012: $93,429Net Income 2012: $37,3652012Revenue 2013: $124,660Expenses 2013: $132,080Net Income 2013: -$7,4202013Revenue 2014: $147,186Expenses 2014: $137,189Net Income 2014: $9,9972014Revenue 2015: $77,919Expenses 2015: $90,815Net Income 2015: -$12,8962015Revenue 2016: $236,187Expenses 2016: $237,397Net Income 2016: -$1,2102016Revenue 2017: $186,277Expenses 2017: $231,474Net Income 2017: -$45,1972017Revenue 2018: $254,347Expenses 2018: $244,345Net Income 2018: $10,0022018Revenue 2019: $247,014Expenses 2019: $248,392Net Income 2019: -$1,3782019Revenue 2020: $226,536Expenses 2020: $219,058Net Income 2020: $7,4782020Revenue 2021: $234,612Expenses 2021: $223,813Net Income 2021: $10,7992021Revenue 2022: $1,088,634Expenses 2022: $225,100Net Income 2022: $863,5342022Revenue 2023: $1,809,224Expenses 2023: $1,788,198Net Income 2023: $21,0262023Revenue 2024: $1,895,848Expenses 2024: $1,627,041Net Income 2024: $268,8072024

Highlighted filing

2020

Revenue$226,536
Expenses$219,058
Net Income$7,478
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jul 8, 2021
Return Version
2019v5.1
Gross Receipts
$226,536
Mission and Program Overview

Mission

To collaborate with institutional members, businesses, and relevant stakeholders to raise funds to develop and implement innovative programs and administer privately funded scholarship opportunities.

The purpose is to collaborate with institutional members, businesses, and relevant stakeholders to raise funds to develop and implement innovative programs and administer privately funded scholarship opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$86,537$112,958▲ $26,421
Cash and Non-Interest-Bearing Accounts$28,562$92,448▲ $63,886
Investments in Publicly Traded Securities$52,714--
Total Assets$167,813$205,406▲ $37,593
Liabilities
Grants Payable$112,852$142,797▲ $29,945
Other Liabilities-$2,000-
Total Liabilities$112,852$144,797▲ $31,945
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,511$60,159▲ $6,648
Net Assets With Donor Restrictions$1,450$450▼ $1,000
Total Net Assets Fund Balance$54,961$60,609▲ $5,648
Total Liabilities and Net Assets / Fund Balance$167,813$205,406▲ $37,593
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Ray MartinezPresident/CEO ending 2/2020-$276,918$276,918
Elizabeth PuthoffInterim President-$186,662$186,662
Kelly HytenDirector ICUT Fndn ending 11/2019FT$80,167$80,167
Nancy WardFinancial Consultant-$43,000$43,000

Board Members and Trustees

NameTitle
Frederick SlabachChair
Richard LudwickChair-Elect
Sandra HarperPast Chair
Steve JohnsonPresident/CEO beg. 7/2020
Linda LivingstoneDirector
Elizabeth Puthoff-
Ray Martinez-
Charlie McCormickMember
David LeebronMember
Debbie CottrellMember
Don ChristianMember
Steven O'DayMember
Tom MenglerMember
Blair BlackburnSecretary
Colette Pierce BurnetteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$226,000
Program Service Revenue
$0
Investment Income
$536
Other Revenue
$0
All Other Contributions
$189,000
Change in Net Assets
$7,478

Audited Revenue Reconciliation

Revenue per Audited Statements
$226,536
Revenue Not Reported on Form 990
$20,884
Total Revenue per Audited Statements
$247,420
Total Revenue per Form 990
$226,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$189,000
Other Expenses$30,058
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$189,000--$189,000
Other Expenses$23,750$0$0$23,750
Fees for Services Accounting$0$5,249$0$5,249
Office Expenses$1,000$0$0$1,000
All Other Expenses$0$59$0$59
Total Functional Expenses$213,750$5,308$0$219,058

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$241,772
Expenses per Audited Statements$219,058
Total Expenses per Form 990$219,058
Expenses Not Reported on Form 990$22,714
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
Due to affiliate$2,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
ICUT Foundation
EIN
75-1540769
Phone
5124729522
Address
1303 San Antonio St, Austin, TX 78701

Signing Officer

Name
Steven Johnson
Title
President
Phone
5124729522
Signed
2021-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Johnson President
Formed
1976
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Pamela L Hill CPA PLLC
Address
10300 Jollyville Rd Apt 724, Austin, TX 78759
Preparer
Pamela Hill CPA
Phone
5126260710
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“The members of the Foundation are the Presidents or Chancellors of the 38 independent institutions of higher education in Texas that are SACSCOC accredited,one private medical school that is accredited by the Liaison Committee on Medical Education and one non-voting affiliate member.”

Pt VI, Line 7A

“The voting members of the Foundation are the Presidents or Chancellors of the 38 independent institutions of higher education in Texas that are SACSCOC accredited and the one private medical school that is accredited by the Liaison Committee on Medical Education. At the annual meeting each year these voting members elect the new directors and officers of the Board of Directors.”

Pt VI, Line 7B

“Certain decisions of the Board of Directors must be approved by vote of all 39 voting members.”

Pt VI, Line 8B

“There are no committees with authority to act on behalf of the Board of Directors.”

Pt VI, Line 11B

“The Form 990 is reviewed by the Director of Finance, the President, and the entire Board of Directors prior to filing.”

Pt VI, Line 12C

“The Board of Directors must review and sign the conflict of interest policy each year. A list of current vendors is provided to them with the form.”

Pt VI, Line 19

“Governing documents and financial statements are available upon request.”

Raw XML AppendixShowing 400 of 514 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The purpose is to collaborate with institutional members, businesses, and relevant stakeholders to raise funds to develop and implement innovative programs and administer privately funded scholarship opportunities.
IRS990/AllOtherContributionsAmt0189000
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt059
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
IRS990/AllOtherExpensesGrp/TotalAmt059
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Steven Johnson
IRS990/BooksInCareOfDetail/PhoneNum05126159315
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01303 San Antonio 820
IRS990/BooksInCareOfDetail/USAddress/CityNm0Austin
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd078701
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt028562
IRS990/CashNonInterestBearingGrp/EOYAmt092448
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0226000
IRS990/CYGrantsAndSimilarPaidAmt0189000
IRS990/CYInvestmentIncomeAmt0536
IRS990/CYOtherExpensesAmt030058
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt07478
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0219058
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0226536
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0The 40 independent colleges and universities in Texas, who are served by the Foundation, were given the opportunity to participate in scholarship programs.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01450
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0450
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0213750
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05249
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt05249
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt237.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt160.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt033385
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt126433
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt216742
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0Ray Martinez
IRS990/Form990PartVIISectionAGrp/PersonNm1Elizabeth Puthoff
IRS990/Form990PartVIISectionAGrp/PersonNm2Kelly Hyten
IRS990/Form990PartVIISectionAGrp/PersonNm3Nancy Ward
IRS990/Form990PartVIISectionAGrp/PersonNm4Tom Mengler
IRS990/Form990PartVIISectionAGrp/PersonNm5Don Christian
IRS990/Form990PartVIISectionAGrp/PersonNm6Steven O'Day
IRS990/Form990PartVIISectionAGrp/PersonNm7David Leebron
IRS990/Form990PartVIISectionAGrp/PersonNm8Charlie McCormick
IRS990/Form990PartVIISectionAGrp/PersonNm9Debbie Cottrell
IRS990/Form990PartVIISectionAGrp/PersonNm10Linda Livingstone
IRS990/Form990PartVIISectionAGrp/PersonNm11Steve Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm12Frederick Slabach
IRS990/Form990PartVIISectionAGrp/PersonNm13Richard Ludwick
IRS990/Form990PartVIISectionAGrp/PersonNm14Colette Pierce Burnette
IRS990/Form990PartVIISectionAGrp/PersonNm15Blair Blackburn
IRS990/Form990PartVIISectionAGrp/PersonNm16Sandra Harper
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0243533
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1160229
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt263425
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt343000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/CEO ending 2/2020
IRS990/Form990PartVIISectionAGrp/TitleTxt1Interim President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director ICUT Fndn ending 11/2019
IRS990/Form990PartVIISectionAGrp/TitleTxt3Financial Consultant
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11President/CEO beg. 7/2020
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt13Chair-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16Past Chair
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0189000
IRS990/GrantsPayableGrp/BOYAmt0112852
IRS990/GrantsPayableGrp/EOYAmt0142797
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0189000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0189000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0226536
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0536
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0536
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt052714
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt037000
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The purpose is to collaborate with institutional members, businesses, and relevant stakeholders to raise funds to develop and implement innovative programs and administer privately funded scholarship opportunities.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt054961
IRS990/NetAssetsOrFundBalancesEOYAmt060609
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1830
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt053511
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt060159
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt01000
IRS990/OfficeExpensesGrp/TotalAmt01000
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Memberships
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt023750
IRS990/OtherExpensesGrp/TotalAmt023750
IRS990/OtherLiabilitiesGrp/EOYAmt02000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Steven Johnson President
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0244450
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0204000
IRS990/PYInvestmentIncomeAmt02564
IRS990/PYOtherExpensesAmt044392
IRS990/PYRevenuesLessExpensesAmt0-1378
IRS990/PYTotalExpensesAmt0248392
IRS990/PYTotalRevenueAmt0247014
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt07478
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt086537
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0112958
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0226000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0244450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0253151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0186250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0236165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01146016
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0536
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01196
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04345
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73370
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.76160
IRS990ScheduleA/PublicSupportTotal170Amt0844023
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0301993
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0226000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0244450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0253151
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0186250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0236165
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01146016
IRS990ScheduleA/TotalSupportAmt01150361
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt022714
IRS990ScheduleD/DonatedServicesUseFcltsAmt022714
IRS990ScheduleD/ExpensesNotReportedAmt022714
IRS990ScheduleD/ExpensesSubtotalAmt0219058
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1830
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to affiliate
IRS990ScheduleD/RevenueNotReportedAmt020884
IRS990ScheduleD/RevenueSubtotalAmt0226536
IRS990ScheduleD/TotalExpensesPerForm990Amt0219058
IRS990ScheduleD/TotalLiabilityAmt02000
IRS990ScheduleD/TotalRevenuePerForm990Amt0226536
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0247420
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0241772
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0114000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt175000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt038
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt139
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0In the case of assistance to domestic individuals, we require each university to submit an application on behalf on the scholarship recipient. The vetting regarding the need of the student is done by the university.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0233533
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1160229
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt031767
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt119803
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt01618
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt16630
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Ray Martinez
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Elizabeth Puthoff
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0276918
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1186662
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The President/CEO's time is donated to the Foundation from ICUT. ICUT establishes compensation for The President/CEO by using a compensation committee and study, written contract and by approval of the board.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The members of the Foundation are the Presidents or Chancellors of the 38 independent institutions of higher education in Texas that are SACSCOC accredited,one private medical school that is accredited by the Liaison Committee on Medical Education and one non-voting affiliate member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The voting members of the Foundation are the Presidents or Chancellors of the 38 independent institutions of higher education in Texas that are SACSCOC accredited and the one private medical school that is accredited by the Liaison Committee on Medical Education. At the annual meeting each year these voting members elect the new directors and officers of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Certain decisions of the Board of Directors must be approved by vote of all 39 voting members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no committees with authority to act on behalf of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Form 990 is reviewed by the Director of Finance, the President, and the entire Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors must review and sign the conflict of interest policy each year. A list of current vendors is provided to them with the form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Governing documents and financial statements are available upon request.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$205,406
Liabilities
$144,797
Net assets
$60,609
Revenue
$226,536
Expenses
$219,058
Net income
$7,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.71$0.42$1.29$1.90$1.63$0.27
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.47$0.97$1.81$1.79$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.18$0.93$1.09$0.23$0.86
2021Detailed filing. Detailed filing data is available for this year.$0.22$0.15$0.07$0.23$0.22$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.14$0.06$0.23$0.22$0.01
2019Summary only. Only limited summary data is available for this year.$0.17$0.11$0.05$0.25$0.25$0.00
2018Summary only. Only limited summary data is available for this year.$0.24$0.18$0.06$0.25$0.24$0.01
2017Summary only. Only limited summary data is available for this year.$0.09$0.05$0.05$0.19$0.23$0.05
2016Summary only. Only limited summary data is available for this year.$0.14$0.05$0.09$0.24$0.24$0.00
2015Summary only. Only limited summary data is available for this year.$0.13$0.03$0.08$0.09$0.01
2014Summary only. Only limited summary data is available for this year.$0.12$0.00$0.15$0.14$0.01
2013Summary only. Only limited summary data is available for this year.$0.11$0.00$0.12$0.13$0.01
2012Summary only. Only limited summary data is available for this year.$0.11$0.00$0.13$0.09$0.04
2011Summary only. Only limited summary data is available for this year.$0.08$0.00$0.11$0.11$0.00