Inter-Cooperative Council At University Of Texas Inc

Organization Overview

Inter-Cooperative Council At University Of Texas Inc is located in Austin, TX. The organization was established in 1971. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 05/2024, Inter-Cooperative Council At University Of Texas Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inter-Cooperative Council At University Of Texas Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 05/2024, Inter-Cooperative Council At University Of Texas Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.7m during the year ending 05/2024. While expenses have increased by 3.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

FOR EDUCATIONAL PURPOSES RELATING TO THE UNIVERSITY OF TEXAS, AT AUSTIN, TEXAS; THE PROMOTION OF EXCELLENCE IN STANDARDS OF EDUCATION AT SUCH INSTITUTIONS; THE PROVIDING TO ELIGIBLE AND QUALIFIED STUDENTS, PRIMARILY THOSE WHO OTHERWISE MIGHT BE UNABLE TO SECURE A HIGHER EDUCATION, NEEDED SCHOLARSHIPS, LOANS, AND ECONOMIC ASSISTANCE, INCLUDING LOW-COST NON-PROFIT HOUSING AND SERVICE, AND ENVIRONMENTAL INFLUENCES DESIGNED FOR THE PROMOTION OF THE HIGHEST QUALITY OF ACADEMIC PERFORMANCE AND RESPONSIBLE CITIZENSHIP ON THE PART OF THE STUDENTS HOLDING MEMBERSHIP IN THE CORPORATION, AND THOSE WITH WHOM THEY ASSOCIATE; AND IN ANY WAY WITHIN THE MEANS OF THIS CORPORATION TO FURTHER THE ACADEMIC INTERESTS OF THE UNIVERSITY OF TEXAS, THE STUDENTS AND FACULTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY OF TEXAS INTER-COOPERATIVE COUNCIL, INC. (ICC-AUSTIN), IS A NONPROFIT ORGANIZATION WITH A MISSION TO PROVIDE QUALITY, AFFORDABLE, AND HEALTHY COOPERATIVE HOUSING FOR STUDENTS WITH FINANCIAL NEED. STUDENT-MEMBERS LIVE TOGETHER IN GROUP-RESIDENTIAL FACILITIES WHERE THEY LEARN TO COOPERATIVELY MANAGE THEIR COMMUNITY. FROM COOKING MEALS, DEVELOPING A CLEANING SCHEDULE, NAVIGATING CONFLICT, AND RUNNING MEETINGS, ICC AUSTIN'S UNIQUE LIVING ENVIRONMENT PROVIDES STUDENTS A PERFECT COMPLEMENT TO THEIR FORMAL EDUCATION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,000
All other contributions, gifts, grants, and similar amounts not included above$2,773
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,773
Total Program Service Revenue$1,636,089
Investment income $506
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,643,443

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