Civic Intelligence

Angelo State University Robert G Carr and Nona K Carr Scholarship Foundation

990 • Fiscal year 2018 • EIN 75-1658292

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 09, 2019

Organization ProfileWWW.ANGELO.EDU/CARR_FOUNDATION
Box 11007C - Asu StationSan Angelo, TX 76909

(325) 942-2237

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.03x

Higher debt load relative to revenue than 7% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

4th percentile

$89,627

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

77th percentile

10%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-38%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$153,810,595

Up $14,027,573 (+10%) from 2017

Net Assets

Up

$153,497,906

Up $13,765,993 (+9.9%) from 2017

Liabilities

Up

$312,689

Up $261,580 (+512%) from 2017

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin70th percentile

Revenue

Down

$10,596,687

Down $6,584,180 (-38%) from 2017

Expenses

Down

$9,312,040

Down $578,754 (-5.9%) from 2017

Net Income

Down

$1,284,647

Down $6,005,426 (-82%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$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

2018

Assets$153,810,595
Liabilities$312,689
Net Assets$153,497,906
Open 2018 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$10,596,687
Expenses$9,312,040
Net Income$1,284,647
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 9, 2019
Return Version
2017v2.3
Gross Receipts
$10,596,687
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$129,783,552$136,198,699▲ $6,415,147
Savings and Temporary Cash Investments$199,941$187,456▼ $12,485
Prepaid Expenses and Deferred Charges-$68,769-
Land, Buildings, and Equipment, Net$4,924$0▼ $4,924
Total Assets$139,783,022$153,810,595▲ $14,027,573
Other Assets Total$9,794,605$17,355,671▲ $7,561,066
Liabilities
Other Liabilities$0$231,524▲ $231,524
Deferred Revenue-$49,564-
Accounts Payable and Accrued Expenses$51,109$31,601▼ $19,508
Total Liabilities$51,109$312,689▲ $261,580
Net Assets / Fund Balance
Permanently Rstr Net Assets$139,578,190$153,022,097▲ $13,443,907
Unrestricted Net Assets$153,723$475,809▲ $322,086
Total Net Assets Fund Balance$139,731,913$153,497,906▲ $13,765,993
Total Liabilities and Net Assets / Fund Balance$139,783,022$153,810,595▲ $14,027,573

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$11,565$11,565
Other Assets Org$121,044--
Other Securities$411,229--
Financial Derivatives$645,004--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$129,712,531$5,482,727▲ $9,464,884-$135,605,378
2016$118,056,190$5,530,507▲ $15,000,224-$129,712,531
2015$122,979,591$3,017,998▲ $856,678-$118,056,190
2014$124,707,322$4,808,569▲ $1,369,040-$122,979,591
2013$106,680,745$8,287,876▲ $16,883,308-$124,707,322
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Candice Upton BrewerDirector of OperationsFT$72,701$16,926$89,627

Board Members and Trustees

NameTitle
J Michael LewisChairman
Tim LancasterVice Chairman
Christopher HuckabeeTrustee
John EsparzaTrustee
John SteinmetzTrustee
John WalkerTrustee
L Frederick FrancisTrustee
Mickey L LongTrustee
Ronnie HammondsTrustee
Jane GilmoreStudent Regent
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,978,506
Other Revenue
$5,618,181
Change in Net Assets
$1,284,647

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,596,687
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,757,700
Total Revenue per Audited Statements
$23,354,387
Total Revenue per Form 990
$10,596,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,803,243
Other Expenses$338,724
Salaries, Compensation, and Employee Benefits$170,073
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,803,243--$8,803,243
Fees for Service Investment Mgmnt Fees-$252,750-$252,750
Current Officers, Directors, Trustees, and Key Employees-$89,627-$89,627
Other Salaries and Wages-$80,446-$80,446
Information Technology-$25,401-$25,401
Fees for Services Accounting-$17,000-$17,000
Depreciation Depletion-$4,924-$4,924
Travel-$3,694-$3,694
Other Expenses-$844-$844
Fees for Services Legal-$631-$631
All Other Expenses-$424-$424
Total Functional Expenses$8,803,243$508,797$0$9,312,040

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,312,040
Total Expenses per Audited Statements$9,312,040
Total Expenses per Form 990$9,312,040
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, TX115Academic Scholarships$8,803,243
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 Pension Liability$123,842
Net Opeb Liability$107,682
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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

“Director of operations and 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.”

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
Dr Brian May
Title
President
Phone
3259422237
Signed
2019-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Brian May
Formed
1978
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
0
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 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.”

Form 990, Part XI, Line 8 Prior Period Adjustments

“During the year the foundation adopted new accounting guidance, gasb no. 75, accounting and financial reporting for postemployment benefits other than pensions. The effect of adopting this standard reduced beginning net position by $125,697. The foundation recorded amounts associated with gasb no. 68, accounting and financial reporting for pensions that had previously been unrecorded to the financial statements for the year ended august 31, 2017 since the audit was performed in accordance with financial accounting standards board (fasb) guidance. The effect of adopting this standard reduced beginning net position by $150,657.”

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 2015. 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 537 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/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/NetAssetsOrFundBalancesBOYAmt0139731913
IRS990/NetAssetsOrFundBalancesEOYAmt0153497906
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt03593830
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03593830
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt012757700
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09794605
IRS990/OtherAssetsTotalGrp/EOYAmt017355671
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUBSCRIPTIONS & DUES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026950
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13986
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22120
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3844
IRS990/OtherExpensesGrp/TotalAmt026950
IRS990/OtherExpensesGrp/TotalAmt13986
IRS990/OtherExpensesGrp/TotalAmt22120
IRS990/OtherExpensesGrp/TotalAmt3844
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0231524
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080446
IRS990/OtherSalariesAndWagesGrp/TotalAmt080446
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0139578190
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0153022097
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt068769
IRS990/PrincipalOfficerNm0DR BRIAN MAY
IRS990/PriorPeriodAdjustmentsAmt0-276354
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt08265879
IRS990/PYInvestmentIncomeAmt011556180
IRS990/PYOtherExpensesAmt01355080
IRS990/PYOtherRevenueAmt05624687
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt07290073
IRS990/PYSalariesCompEmpBnftPaidAmt0269835
IRS990/PYTotalExpensesAmt09890794
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017180867
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01284647
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt05618181
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt05618181
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0199941
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0187456
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/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt08803243
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ANGELO STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt08803243
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0251521
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0129712531
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt05482727
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0135605378
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt08803243
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt09464884
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0246511
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0118056190
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt05530507
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0129712531
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt08627879
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015000224
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0248696
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0122979591
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03017998
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0118056190
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt08549381
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0856678
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0235980
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0124707322
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt04808569
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0122979591
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt07669360
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01369040
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0213272
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0106680745
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt08287876
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0124707322
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt06931335
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016883308
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011565
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011565
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09312040
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt0645004
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0F
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt012757700
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017234627
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1121044
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OIL,GAS,AND OTHER MINERAL PROPERTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED ROYALTIES RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0123842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1107682
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET OPEB LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0135142466
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1411229
IRS990ScheduleD/OtherSecuritiesGrp/Desc0TEXAS TECH LONG-TERM INVESTMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1RESTRICTED CASH
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt012757700
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010596687
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 2015. 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/TotalBookValueOtherAssetsAmt017355671
IRS990ScheduleD/TotalBookValueSecuritiesAmt0136198699
IRS990ScheduleD/TotalExpensesPerForm990Amt09312040
IRS990ScheduleD/TotalLiabilityAmt0231524
IRS990ScheduleD/TotalRevenuePerForm990Amt010596687
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023354387
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09312040
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt08803243
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
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/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PURPOSE IS TO PROVIDE FUNDS TO ANGELO STATE UNIVERSITY FOR SCHOLARSHIPS TO NEEDY AND WORTHY STUDENTS. THE UNIVERSITY AWARDS THE SCHOLARSHIPS TO THE STUDENTS AND THEN MONITORS THE SCHOLARSHIP.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTOR OF OPERATIONS AND 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 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/ExplanationTxt5DURING THE YEAR THE FOUNDATION ADOPTED NEW ACCOUNTING GUIDANCE, GASB NO. 75, ACCOUNTING AND FINANCIAL REPORTING FOR POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS. THE EFFECT OF ADOPTING THIS STANDARD REDUCED BEGINNING NET POSITION BY $125,697. THE FOUNDATION RECORDED AMOUNTS ASSOCIATED WITH GASB NO. 68, ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS THAT HAD PREVIOUSLY BEEN UNRECORDED TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31, 2017 SINCE THE AUDIT WAS PERFORMED IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) GUIDANCE. THE EFFECT OF ADOPTING THIS STANDARD REDUCED BEGINNING NET POSITION BY $150,657.
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 XII, LINE 2C:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$153,810,595
Liabilities
$312,689
Net assets
$153,497,906
Revenue
$10,596,687
Expenses
$9,312,040
Net income
$1,284,647
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
2018Detailed filing. Detailed filing data is available for this year.$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