Civic Intelligence

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

990 • Fiscal year 2023 • EIN 75-1658292

Sep 01, 2022 to Aug 31, 2023 • Filed on Jun 24, 2024

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

6th percentile

0.00x

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

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

12th percentile

0.08x

Higher debt load relative to revenue than 12% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

6th percentile

-40%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

6th percentile

$103,936

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

11th percentile

-4.9%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-26%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$172,696,390

Down $8,808,825 (-4.9%) from 2022

Net Assets

Down

$172,015,787

Down $8,549,505 (-4.7%) from 2022

Liabilities

Down

$680,603

Down $259,320 (-28%) from 2022

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin6th percentile

Revenue

Down

$8,534,752

Down $3,042,590 (-26%) from 2022

Expenses

Up

$11,930,065

Up $400,572 (+3.5%) from 2022

Net Income

Down

-$3,395,313

Down $3,443,162 (-7196%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2023

Assets$172,696,390
Liabilities$680,603
Net Assets$172,015,787
Open 2023 Filing

Operations Trend

Revenue Growth12th 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

2023

Revenue$8,534,752
Expenses$11,930,065
Net Income-$3,395,313
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jun 24, 2024
Return Version
2022v5.0
Gross Receipts
$8,534,752
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 academtc scholarships for needy and worthy students enrolled at angelo state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$152,261,879$153,147,523▲ $885,644
Prepaid Expenses and Deferred Charges$282,671$152,867▼ $129,804
Savings and Temporary Cash Investments$96,362$128,553▲ $32,191
Total Assets$181,505,215$172,696,390▼ $8,808,825
Other Assets Total$28,864,303$19,267,447▼ $9,596,856
Liabilities
Other Liabilities$704,597$495,098▼ $209,499
Deferred Revenue$199,881$145,754▼ $54,127
Accounts Payable and Accrued Expenses$35,445$39,751▲ $4,306
Total Liabilities$939,923$680,603▼ $259,320
Net Assets / Fund Balance
Net Assets With Donor Restrictions$180,501,199$171,951,694▼ $8,549,505
Net Assets Without Donor Restrictions$64,093$64,093→ $0
Total Net Assets Fund Balance$180,565,292$172,015,787▼ $8,549,505
Total Liabilities and Net Assets / Fund Balance$181,505,215$172,696,390▼ $8,808,825

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$499,851--
Other Securities$5,968--
Financial Derivatives$2,907,009--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2018$135,605,378-▲ $3,891,662-$130,131,476
Compensation and Service Providers
Top Officer Pay6th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Candice Upton BrewerDirector of OperationsFT$89,088$14,848$103,936

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
Steely Smith-freemanStudent Regent
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,278,887
Other Revenue
$6,255,865
Change in Net Assets
$-3,395,313

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,534,752
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-5,154,192
Total Revenue per Audited Statements
$3,380,560
Total Revenue per Form 990
$8,534,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$11,433,943
Other Expenses$399,163
Salaries, Compensation, and Employee Benefits$96,959
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$11,433,943--$11,433,943
Fees for Service Investment Mgmnt Fees-$298,113-$298,113
Current Officers, Directors, Trustees, and Key Employees-$103,936-$103,936
Other Salaries and Wages-$87,160-$87,160
Fees for Services Accounting-$23,450-$23,450
Other Employee Benefits-$20,169-$20,169
Payroll Taxes-$12,781-$12,781
Fees for Services Legal-$11,010-$11,010
Information Technology-$10,664-$10,664
Travel-$1,151-$1,151
All Other Expenses-$433-$433
Other Expenses-$355-$355
Pension Plan Contributions-$-127,087-$-127,087
Total Functional Expenses$11,433,943$496,122$0$11,930,065

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,930,065
Total Expenses per Audited Statements$11,930,065
Total Expenses per Form 990$11,930,065
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$11,433,943
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$298,472
Net Pension Liability$196,626
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
2024-06-24
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
4
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, 2023 the foundation recognized an opeb (other post-employment benefits) decrease of $149,549. 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 2020. The foundation has no uncertain tax positions that qualify for either recognition or disclosure. There were no penalties or interest recognized.”

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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0152261879
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0153147523
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/NetAssetsOrFundBalancesBOYAmt0180565292
IRS990/NetAssetsOrFundBalancesEOYAmt0172015787
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01919170
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01919170
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5154192
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt064093
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt064093
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt028864303
IRS990/OtherAssetsTotalGrp/EOYAmt019267447
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020169
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020169
IRS990/OtherExpensesGrp/Desc0SUBSCRIPTIONS, DUES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt052803
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1745
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2439
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3355
IRS990/OtherExpensesGrp/TotalAmt052803
IRS990/OtherExpensesGrp/TotalAmt1745
IRS990/OtherExpensesGrp/TotalAmt2439
IRS990/OtherExpensesGrp/TotalAmt3355
IRS990/OtherLiabilitiesGrp/BOYAmt0704597
IRS990/OtherLiabilitiesGrp/EOYAmt0495098
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt087160
IRS990/OtherSalariesAndWagesGrp/TotalAmt087160
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012781
IRS990/PayrollTaxesGrp/TotalAmt012781
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-127087
IRS990/PensionPlanContributionsGrp/TotalAmt0-127087
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0282671
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0152867
IRS990/PrincipalOfficerNm0RONNIE D HAWKINS JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt010730642
IRS990/PYInvestmentIncomeAmt02130683
IRS990/PYOtherExpensesAmt0379762
IRS990/PYOtherRevenueAmt09446659
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt047849
IRS990/PYSalariesCompEmpBnftPaidAmt0419089
IRS990/PYTotalExpensesAmt011529493
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011577342
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3395313
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt06255865
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt06255865
IRS990/SavingsAndTempCashInvstGrp/BOYAmt096362
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0128553
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/SupportAmt011433943
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ANGELO STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt011433943
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0298113
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0151962996
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0153141555
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt010433943
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt011910615
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0278018
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0155554012
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0151962996
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt09730642
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06417644
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0264434
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0125989583
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0155554012
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt09255201
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt039084064
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0266950
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0130131476
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0125989583
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt09343259
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05468316
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0260155
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0135605378
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0130131476
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt09105409
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03891662
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011930065
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt02907009
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0F
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5154192
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt018767596
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1499851
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OIL, GAS, AND OTHER MINERAL PROPERTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED ROYALTIES RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0196626
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1298472
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET OPEB LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0150234546
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt15968
IRS990ScheduleD/OtherSecuritiesGrp/Desc0TEXAS TECH LONG-TERM INVESTMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1RESTRICTED CASH
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-5154192
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08534752
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 2020. 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/TotalBookValueOtherAssetsAmt019267447
IRS990ScheduleD/TotalBookValueSecuritiesAmt0153147523
IRS990ScheduleD/TotalExpensesPerForm990Amt011930065
IRS990ScheduleD/TotalLiabilityAmt0495098
IRS990ScheduleD/TotalRevenuePerForm990Amt08534752
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03380560
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011930065
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt011433943
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, 2023 THE FOUNDATION RECOGNIZED AN OPEB (OTHER POST-EMPLOYMENT BENEFITS) DECREASE OF $149,549. 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:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$172,696,390
Liabilities
$680,603
Net assets
$172,015,787
Revenue
$8,534,752
Expenses
$11,930,065
Net income
-$3,395,313
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
2023Detailed filing. Detailed filing data is available for this year.$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