Angelo State University Foundation Inc is located in San Angelo, TX. The organization was established in 1978. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angelo State University Foundation 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 08/2023, Angelo State University Foundation Inc generated $17.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $15.2m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ANGELO STATE UNIVERSITY FOUNDATION IS AN ADVOCATE FOR SUCCESSFUL PERFORMANCE BY POSITIONING ASU AS AN INSTITUTION OF DISTINCTION; RAISING GIFTS AND ENDOWMENT FUNDS ON BEHALF OF THE UNIVERSITY; STEWARDSHIP OF FUNDS, CARING FOR DONORS, AND REPORTING ON GIFTS AND ENDOWMENTS; WORKING CLOSELY WITH THE BOARD OF REGENTS AND THE UNIVERSITY ADMINISTRATION AND REPORTING ON GIFTS AND ENDOWMENT; AND SUPPORTING AND PROMOTING ALL COLLEGES, SCHOOLS, AND PROGRAMS OF ASU.
Describe the Organization's Program Activity:
GENERAL DEVELOPMENT OF ADMINISTRATION, FACULTY AND STUDENT BODY. THIS ORGANIZATION HELPED THOUSANDS OF STUDENTS THIS YEAR, AS WELL AS MANY FACULTY AND STAFF MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Brooks Chairman | OfficerTrustee | 1 | $0 |
Ferd Hoefs Vice Chairman | OfficerTrustee | 1 | $0 |
Will Welch Secretary/treasurer | OfficerTrustee | 1 | $0 |
Oscar Casillas Director | Trustee | 1 | $0 |
Mike Conaway Director | Trustee | 1 | $0 |
Sharanda El-Masri Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $658,233 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $16,289,788 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $16,948,021 |
Total Program Service Revenue | $0 |
Investment income | $283,445 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $180,641 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$14,486 |
Net Income from Fundraising Events | -$113,511 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $17,432,484 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $14,170,277 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $42,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $203,082 |
Fees for services: Other | $0 |
Advertising and promotion | $4,426 |
Office expenses | $43,006 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $229,338 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $934 |
All other expenses | $5,220 |
Total functional expenses | $15,156,179 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,402,428 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $80,750 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $40,015,711 |
Total assets | $41,498,889 |
Accounts payable and accrued expenses | $7,470 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $7,470 |
Net assets without donor restrictions | $4,081,823 |
Net assets with donor restrictions | $37,409,596 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $41,498,889 |