Civic Intelligence

Angelo State University Robert G Carr

EIN 75-1658292 • 501(c)3 • San Angelo, TX

Profile

The Angelo State University Robert G. Carr and Nona K. Carr Scholarship Foundation was established under the wills of Robert G. Carr and Nona K. Carr. The wills provide that all proceeds from oil, gas and other mineral properties be held and invested by the Trustees and that the net investment income realized from such investments (excluding realized gains and losses on sales of investment securities), after the payment of all costs and expenses of the Foundation, be paid into a designated scholarship fund of Angelo State University "ASU"(supported organization) for the purpose of providing academic scholarships for needy and worthy students enrolled at ASU.

Box 11007C - Asu StationSan Angelo, TX 76909

n/A

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.07x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

4th percentile

-54%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

11th percentile

$108,568

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

46th percentile

4.8%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-4.4%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$180,954,452

Up $8,258,062 (+4.8%) from 2023

Liabilities

Down

$565,507

Down $115,096 (-17%) from 2023

Net Assets

Up

$180,388,945

Up $8,373,158 (+4.9%) from 2023

Operations
Liabilities / Revenue13th percentileNet Margin4th percentile

Revenue

Down

$8,159,287

Down $375,465 (-4.4%) from 2023

Expenses

Up

$12,527,618

Up $597,553 (+5.0%) from 2023

Net Income

Down

-$4,368,331

Down $973,018 (-29%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

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

$200M$150M$100M$50M$0Assets 2010: $87,649,190Liabilities 2010: $92,179Net Assets 2010: $87,557,0112010Assets 2011: $96,885,538Liabilities 2011: $91,734Net Assets 2011: $96,793,8042011Assets 2012: $104,353,459Liabilities 2012: $86,167Net Assets 2012: $104,267,2922012Assets 2013: $115,439,265Liabilities 2013: $87,719Net Assets 2013: $115,351,5462013Assets 2014: $133,065,305Liabilities 2014: $145,780Net Assets 2014: $132,919,5252014Assets 2015: $130,412,661Liabilities 2015: $66,608Net Assets 2015: $130,346,0532015Assets 2016: $127,237,389Liabilities 2016: $75,656Net Assets 2016: $127,161,7332016Assets 2017: $139,783,022Liabilities 2017: $51,109Net Assets 2017: $139,731,9132017Assets 2018: $153,810,595Liabilities 2018: $312,689Net Assets 2018: $153,497,9062018Assets 2019: $146,241,543Liabilities 2019: $1,483,924Net Assets 2019: $144,757,6192019Assets 2020: $138,035,356Liabilities 2020: $898,556Net Assets 2020: $137,136,8002020Assets 2021: $175,014,798Liabilities 2021: $837,665Net Assets 2021: $174,177,1332021Assets 2022: $181,505,215Liabilities 2022: $939,923Net Assets 2022: $180,565,2922022Assets 2023: $172,696,390Liabilities 2023: $680,603Net Assets 2023: $172,015,7872023Assets 2024: $180,954,452Liabilities 2024: $565,507Net Assets 2024: $180,388,9452024

Highlighted filing

2024

Assets$180,954,452
Liabilities$565,507
Net Assets$180,388,945
Open 2024 Filing

Operations Trend

Revenue Growth22nd percentile

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

$30M$20M$10M$0-$10M-$20MExpenses 2010: $4,609,4172010Expenses 2011: $3,838,4702011Expenses 2012: $4,954,5762012Expenses 2013: $6,622,8182013Revenue 2014: $20,179,648Expenses 2014: $7,251,368Net Income 2014: $12,928,2802014Revenue 2015: $8,214,726Expenses 2015: $8,773,550Net Income 2015: -$558,8242015Revenue 2016: $9,974,730Expenses 2016: $9,341,303Net Income 2016: $633,4272016Revenue 2017: $17,180,867Expenses 2017: $9,890,794Net Income 2017: $7,290,0732017Revenue 2018: $10,596,687Expenses 2018: $9,312,040Net Income 2018: $1,284,6472018Revenue 2019: $64,941Expenses 2019: $10,097,279Net Income 2019: -$10,032,3382019Revenue 2020: $8,079,156Expenses 2020: $9,769,591Net Income 2020: -$1,690,4352020Revenue 2021: $4,176,344Expenses 2021: $10,762,740Net Income 2021: -$6,586,3962021Revenue 2022: $11,577,342Expenses 2022: $11,529,493Net Income 2022: $47,8492022Revenue 2023: $8,534,752Expenses 2023: $11,930,065Net Income 2023: -$3,395,3132023Revenue 2024: $8,159,287Expenses 2024: $12,527,618Net Income 2024: -$4,368,3312024

Highlighted filing

2024

Revenue$8,159,287
Expenses$12,527,618
Net Income-$4,368,331
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$180,954,452
Liabilities
$565,507
Net assets
$180,388,945
Revenue
$8,159,287
Expenses
$12,527,618
Net income
-$4,368,331
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$181$0.57$180$8.16$12.5$4.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$173$0.68$172$8.53$11.9$3.40
2022Detailed filing. Detailed filing data is available for this year.$182$0.94$181$11.6$11.5$0.05
2021Detailed filing. Detailed filing data is available for this year.$175$0.84$174$4.18$10.8$6.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$138$0.90$137$8.08$9.77$1.69
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$146$1.48$145$0.06$10.1$10.0
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$154$0.31$153$10.6$9.31$1.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$140$0.05$140$17.2$9.89$7.29
2016Detailed filing. Detailed filing data is available for this year.$127$0.08$127$9.97$9.34$0.63
2015Detailed filing. Detailed filing data is available for this year.$130$0.07$130$8.21$8.77$0.56
2014Detailed filing. Detailed filing data is available for this year.$133$0.15$133$20.2$7.25$12.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$0.09$115$6.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$104$0.09$104$4.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.9$0.09$96.8$3.84
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.6$0.09$87.6$4.61
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 3, 2025
Return Version
2023v6.0
Gross Receipts
$8,159,287
Mission and Program Overview

Mission

The angelo state university robert g. Carr and nona k. Carr scholarship foundation was established under the wills of robert g. Carr and nona k. Carr. The wills provide that all proceeds from oil, gas and other mineral properties be held and invested by the trustees and that the net investment income realized from such investments (excluding realized gains and losses on sales of investment securities), after the payment of all costs and expenses of the foundation, be paid into a designated scholarship fund of angelo state university " asu" (supported organization) for the purpose of providing academic scholarships for needy and worthy students enrolled at asu.

To provide academic scholarships for needy and worthy students enrolled at angelo state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$153,147,523$162,798,289▲ $9,650,766
Savings and Temporary Cash Investments$128,553$136,564▲ $8,011
Prepaid Expenses and Deferred Charges$152,867$101,533▼ $51,334
Total Assets$172,696,390$180,954,452▲ $8,258,062
Other Assets Total$19,267,447$17,918,066▼ $1,349,381
Liabilities
Other Liabilities$495,098$421,234▼ $73,864
Deferred Revenue$145,754$103,948▼ $41,806
Accounts Payable and Accrued Expenses$39,751$40,325▲ $574
Total Liabilities$680,603$565,507▼ $115,096
Net Assets / Fund Balance
Net Assets With Donor Restrictions$171,951,694$180,324,852▲ $8,373,158
Net Assets Without Donor Restrictions$64,093$64,093→ $0
Total Net Assets Fund Balance$172,015,787$180,388,945▲ $8,373,158
Total Liabilities and Net Assets / Fund Balance$172,696,390$180,954,452▲ $8,258,062

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$420,396--
Other Securities$6,191--
Financial Derivatives$3,625,190--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$153,141,555-▲ $20,904,932-$162,792,098
2022$151,962,996-▲ $11,910,615-$153,141,555
2021$155,554,012-▲ $6,417,644-$151,962,996
2020$125,989,583-▲ $39,084,064-$155,554,012
2019$130,131,476-▲ $5,468,316-$125,989,583
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Candice Upton BrewerDirector of OperationsFT$91,761$16,807$108,568

Board Members and Trustees

NameTitle
Mark GriffinChairman
Ginger Kerrick DavisVice Chairman
Arcilia AcostaTrustee
Clay CashTrustee
Cody CampbellTrustee
Dr Shelley SweattTrustee
Dusty WombleTrustee
Pat GordonTrustee
Tim CulpTrustee
Jad ZeitouniStudent Regent
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,326,730
Other Revenue
$5,832,557
Change in Net Assets
$-4,368,331

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,159,287
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,741,489
Total Revenue per Audited Statements
$20,900,776
Total Revenue per Form 990
$8,159,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$11,941,767
Other Expenses$419,926
Salaries, Compensation, and Employee Benefits$165,925
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$11,941,767--$11,941,767
Fees for Service Investment Mgmnt Fees-$312,622-$312,622
Current Officers, Directors, Trustees, and Key Employees-$108,568-$108,568
Other Salaries and Wages-$84,822-$84,822
Other Employee Benefits-$16,303-$16,303
Fees for Services Accounting-$15,833-$15,833
Payroll Taxes-$13,414-$13,414
Information Technology-$3,700-$3,700
Travel-$2,387-$2,387
Other Expenses-$494-$494
All Other Expenses-$440-$440
Pension Plan Contributions-$-57,182-$-57,182
Total Functional Expenses$11,941,767$585,851$0$12,527,618

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,527,618
Total Expenses per Audited Statements$12,527,618
Total Expenses per Form 990$12,527,618
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Angelo State UniversitySan Angelo, TX501(c)(3)Academic Scholarships$11,941,767
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
Net Opeb Liability$233,441
Net Pension Liability$187,793
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
No
Management duties delegated
No

Governance Explanations

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

“The director of operations and the angelo state university president (supported organization) review the form 990 before it is filed”

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

“Conflict of interest forms are completed on an annual basis.”

Form 990, Part VI, Section B, Line 15

“Angelo state university staff pay plan, the office of human resources at angelo state university, reviews the pay plan every two years to ensure pay levels reflect fair labor market conditions.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Form 990, Part VIII, Line 7

“The investments of the foundation are comingled with the investements of the university to realize the benefits of higher long-term investment returns, greater portfolio diversity and lower investment management costs. Due to this investment structure there is not enough information to report the gross proceeds and cost related to the sale of investments. Only the net gain or loss from the investment fund are reported to the foundation. As such the foundation is reporting the net gain on line 7a.”

Filing and Contact Details

Filer

Filer Name
Angelo State University Robert G Carr
EIN
75-1658292
Phone
3259422237
Address
BOX 11007C - ASU STATION, SAN ANGELO, TX 76909

Signing Officer

Name
Ronnie D Hawkins Jr
Title
President
Phone
3259422237
Signed
2025-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronnie D Hawkins Jr
Formed
1978
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
10

Preparer

Firm
Bolinger Segars Gilbert and Moss Llp
Address
8215 NASHVILLE AVENUE, LUBBOCK, TX 79423
Preparer
Matt R Willis
Phone
8067473806
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 8

“For the year ended august 31, 2024 the foundation recognized an opeb (other post-employment benefits) decrease of $50,099. This negative expenses was included on part ix line 8 and is why the line shows a negative expense.”

FORM 990, PART XII, LINE 2C:

“The foundation board assigns members of the board to an audit committee. The audit committee is responsible for overseeing the financial statement audit and for the selection of the independent cpa who will perform the audit. The process has not changed from the prior years.”

Financial Statement Notes

PART V, LINE 4:

“Income from the endowment is used to fund scholarships for students attending angelo state university.”

PART X, LINE 2:

“The foundation is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. It further falls under the classification of a type i supporting organization under section 509(a)(3) and is therefore not a private foundation. The foundation is required to file form 990, return of organization exempt from income tax. The foundation is no longer subject to examinations by federal taxing authorities for years before 2021. The foundation has no uncertain tax positions that qualify for either recognition or disclosure. There were no penalties or interest recognized.”

Raw XML AppendixShowing 400 of 526 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/AccountantCompileOrReviewInd00
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IRS990/ActivityOrMissionDesc0TO PROVIDE ACADEMIC SCHOLARSHIPS FOR NEEDY AND WORTHY STUDENTS ENROLLED AT ANGELO STATE UNIVERSITY.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0440
IRS990/AllOtherExpensesGrp/TotalAmt0440
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum03259422237
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02601 WEST AVENUE N
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAN ANGELO
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2STUDENT REGENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF OPERATIONS
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01981730
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt011941767
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt011941767
IRS990/GrantsToDomesticOrgsGrp/TotalAmt011941767
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01981730
IRS990/GrossReceiptsAmt08159287
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03700
IRS990/InformationTechnologyGrp/TotalAmt03700
IRS990/InvestmentIncomeGrp/ExclusionAmt0345000
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0345000
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0153147523
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0162798289
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ANGELO STATE UNIVERSITY ROBERT G. CARR AND NONA K. CARR SCHOLARSHIP FOUNDATION WAS ESTABLISHED UNDER THE WILLS OF ROBERT G. CARR AND NONA K. CARR. THE WILLS PROVIDE THAT ALL PROCEEDS FROM OIL, GAS AND OTHER MINERAL PROPERTIES BE HELD AND INVESTED BY THE TRUSTEES AND THAT THE NET INVESTMENT INCOME REALIZED FROM SUCH INVESTMENTS (EXCLUDING REALIZED GAINS AND LOSSES ON SALES OF INVESTMENT SECURITIES), AFTER THE PAYMENT OF ALL COSTS AND EXPENSES OF THE FOUNDATION, BE PAID INTO A DESIGNATED SCHOLARSHIP FUND OF ANGELO STATE UNIVERSITY " ASU" (SUPPORTED ORGANIZATION) FOR THE PURPOSE OF PROVIDING ACADEMIC SCHOLARSHIPS FOR NEEDY AND WORTHY STUDENTS ENROLLED AT ASU.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0172015787
IRS990/NetAssetsOrFundBalancesEOYAmt0180388945
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01981730
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01981730
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt012741489
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt064093
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt064093
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019267447
IRS990/OtherAssetsTotalGrp/EOYAmt017918066
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016303
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016303
IRS990/OtherExpensesGrp/Desc0SUBSCRIPTIONS, DUES
IRS990/OtherExpensesGrp/Desc1PRINTING
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt077865
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14422
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22163
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3494
IRS990/OtherExpensesGrp/TotalAmt077865
IRS990/OtherExpensesGrp/TotalAmt14422
IRS990/OtherExpensesGrp/TotalAmt22163
IRS990/OtherExpensesGrp/TotalAmt3494
IRS990/OtherLiabilitiesGrp/BOYAmt0495098
IRS990/OtherLiabilitiesGrp/EOYAmt0421234
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt084822
IRS990/OtherSalariesAndWagesGrp/TotalAmt084822
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013414
IRS990/PayrollTaxesGrp/TotalAmt013414
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-57182
IRS990/PensionPlanContributionsGrp/TotalAmt0-57182
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0152867
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0101533
IRS990/PrincipalOfficerNm0RONNIE D HAWKINS JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt011433943
IRS990/PYInvestmentIncomeAmt02278887
IRS990/PYOtherExpensesAmt0399163
IRS990/PYOtherRevenueAmt06255865
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-3395313
IRS990/PYSalariesCompEmpBnftPaidAmt096959
IRS990/PYTotalExpensesAmt011930065
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08534752
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4368331
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt05832557
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt05832557
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0128553
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0136564
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0756002403
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt011941767
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ANGELO STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt011941767
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0312622
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0153141555
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0162792098
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt010941767
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt020904932
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0298113
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0151962996
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0153141555
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt010433943
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011910615
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0278018
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0155554012
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0151962996
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt09730642
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06417644
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0264434
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0125989583
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0155554012
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt09255201
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt039084064
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0266950
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0130131476
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0125989583
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt09343259
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05468316
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012527618
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt03625190
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0F
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt012741489
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017497670
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1420396
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OIL, GAS, AND OTHER MINERAL PROPERTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED ROYALTIES RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0187793
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1233441
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET OPEB LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0159166908
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt16191
IRS990ScheduleD/OtherSecuritiesGrp/Desc0TEXAS TECH LONG-TERM INVESTMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1RESTRICTED CASH
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt012741489
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08159287
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME FROM THE ENDOWMENT IS USED TO FUND SCHOLARSHIPS FOR STUDENTS ATTENDING ANGELO STATE UNIVERSITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT FURTHER FALLS UNDER THE CLASSIFICATION OF A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) AND IS THEREFORE NOT A PRIVATE FOUNDATION. THE FOUNDATION IS REQUIRED TO FILE FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2021. THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt017918066
IRS990ScheduleD/TotalBookValueSecuritiesAmt0162798289
IRS990ScheduleD/TotalExpensesPerForm990Amt012527618
IRS990ScheduleD/TotalLiabilityAmt0421234
IRS990ScheduleD/TotalRevenuePerForm990Amt08159287
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020900776
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012527618
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt011941767
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ACADEMIC SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ANGELO STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0756002403
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02601 WEST AVENUE N
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN ANGELO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076909
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTOR OF OPERATIONS AND THE ANGELO STATE UNIVERSITY PRESIDENT (SUPPORTED ORGANIZATION) REVIEW THE FORM 990 BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST FORMS ARE COMPLETED ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANGELO STATE UNIVERSITY STAFF PAY PLAN, THE OFFICE OF HUMAN RESOURCES AT ANGELO STATE UNIVERSITY, REVIEWS THE PAY PLAN EVERY TWO YEARS TO ENSURE PAY LEVELS REFLECT FAIR LABOR MARKET CONDITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE INVESTMENTS OF THE FOUNDATION ARE COMINGLED WITH THE INVESTEMENTS OF THE UNIVERSITY TO REALIZE THE BENEFITS OF HIGHER LONG-TERM INVESTMENT RETURNS, GREATER PORTFOLIO DIVERSITY AND LOWER INVESTMENT MANAGEMENT COSTS. DUE TO THIS INVESTMENT STRUCTURE THERE IS NOT ENOUGH INFORMATION TO REPORT THE GROSS PROCEEDS AND COST RELATED TO THE SALE OF INVESTMENTS. ONLY THE NET GAIN OR LOSS FROM THE INVESTMENT FUND ARE REPORTED TO THE FOUNDATION. AS SUCH THE FOUNDATION IS REPORTING THE NET GAIN ON LINE 7A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOR THE YEAR ENDED AUGUST 31, 2024 THE FOUNDATION RECOGNIZED AN OPEB (OTHER POST-EMPLOYMENT BENEFITS) DECREASE OF $50,099. THIS NEGATIVE EXPENSES WAS INCLUDED ON PART IX LINE 8 AND IS WHY THE LINE SHOWS A NEGATIVE EXPENSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION BOARD ASSIGNS MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE. THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND FOR THE SELECTION OF THE INDEPENDENT CPA WHO WILL PERFORM THE AUDIT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VIII, LINE 7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00

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