Form 990 for tax year 2024
Filed by INTER-COOPERATIVE COUNCIL AT UNIVERSITY OF TEXAS INC.
Totals
- Total revenue
- $1,566,951
- Total expenses
- $1,723,204
- Contributions and grants received
- $4,159
- Grants paid
- $0
- Program service revenue
- $1,559,042
- Investment income
- $446
- Other revenue
- $3,304
- Total assets, end of year
- $5,671,876
- Total liabilities, end of year
- $3,113,322
- Net assets or fund balances, end of year
- $2,558,554
- Program services expenses (Part IX)
- $1,399,505
- Management and general expenses
- $310,904
- Fundraising expenses
- $12,795
- Program service expenses (Part III)
- $1,399,505
Program services were 81.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$4,159
-
2a · Program service revenue: RENTAL INCOME
total $1,534,429 · related or exempt $1,534,429
-
2b · Program service revenue: MEMBERSHIP DUES
total $16,350 · related or exempt $16,350
-
2c · Program service revenue: PENALTY FEES
total $8,263 · related or exempt $8,263
-
3 · Investment income
total $446 · excluded $446
-
11d · All other revenue
total $3,304 · excluded $3,304
-
11e · Other revenue, total
$3,304
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $161,586 · program services $64,448 · management and general $87,331 · fundraising $9,807
-
7 · Other salaries and wages
total $204,340 · program services $102,170 · management and general $102,170
-
9 · Other employee benefits
total $11,022 · program services $5,511 · management and general $5,511
-
10 · Payroll taxes
total $29,554 · program services $14,777 · management and general $14,777
-
11b · Fees: legal
total $8,800 · management and general $8,800
-
11c · Fees: accounting
total $17,200 · management and general $17,200
-
11g · Fees: other
total $26,326 · management and general $26,326
-
12 · Advertising and promotion
total $621 · program services $264 · management and general $264 · fundraising $93
-
13 · Office expenses
total $2,383 · program services $1,012 · management and general $1,012 · fundraising $359
-
14 · Information technology
total $16,802 · program services $7,141 · management and general $7,141 · fundraising $2,520
-
16 · Occupancy
total $675,091 · program services $675,091
-
17 · Travel
total $104 · program services $44 · management and general $44 · fundraising $16
-
19 · Conferences, conventions and meetings
total $6,488 · program services $5,233 · management and general $1,255
-
22 · Depreciation, depletion and amortization
total $243,772 · program services $243,772
-
23 · Insurance
total $2,632 · management and general $2,632
-
24a · Other expenses: MEALS AND HOUSE
total $279,893 · program services $279,893
-
24b · Other expenses: BAD DEBT EXPENSE
total $36,429 · management and general $36,429
-
24c · Other expenses: COMMUNITY ENGAGEMENT
total $149 · program services $149
-
24e · All other expenses
total $12 · management and general $12
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $127,932 · end of year $202,802
-
2 · Savings and temporary cash investments
beginning of year $244,414 · end of year $37,042
-
4 · Accounts receivable
beginning of year $26,747 · end of year $4,074
-
9 · Prepaid expenses and deferred charges
beginning of year $167,331 · end of year $172,495
-
10a · Land, buildings and equipment: cost or other basis
$9,794,351
-
10b · Land, buildings and equipment: accumulated depreciation
$4,548,888
-
10c · Land, buildings and equipment, net
beginning of year $5,394,897 · end of year $5,245,463
-
13 · Investments: program-related
beginning of year $15,000 · end of year $10,000
-
17 · Accounts payable and accrued expenses
beginning of year $69,933 · end of year $48,246
-
19 · Deferred revenue
beginning of year $17,744 · end of year $27,555
-
20 · Tax-exempt bond liabilities
beginning of year $1,759,398 · end of year $1,633,132
-
25 · Other liabilities
beginning of year $1,409,439 · end of year $1,404,389
-
27 · Net assets without donor restrictions
beginning of year $2,719,807 · end of year $2,558,554
Mission and programs · 2024
Mission
OUR MISSION IS TO PROVIDE QUALITY, AFFORDABLE, AND HEALTHY COOPERATIVE HOUSING FOR STUDENTS WITH FINANCIAL NEED.
Activities or mission (Part I)
TO ADVANCE HIGHER EDUCATION IN AUSTIN, TEXAS, BY PROVIDING AFFORDABLE NON-PROFIT HOUSING, LEADERSHIP TRAINING, AND ECONOMIC ASSISTANCE TO STUDENTS AT ACCREDITED AREA UNIVERSITIES. THE ORGANIZATION MAINTAINS A COOPERATIVE RESIDENTIAL ENVIRONMENT DESIGNED TO REDUCE FINANCIAL BARRIERS TO EDUCATION, PROMOTE ACADEMIC EXCELLENCE, AND DEVELOP RESPONSIBLE CITIZENSHIP THROUGH MEMBER-LED PROGRAMS.
-
UNIVERSITY OF TEXAS INTER-COOPERATIVE COUNCIL, INC. (ICC-AUSTIN), PROVIDES A RESIDENTIAL LEARNING ENVIRONMENT WHERE 200 STUDENT-MEMBERS ENGAGE IN A CURRICULUM OF COOPERATIVE MANAGEMENT. MEMBERS RECEIVE HANDS-ON TRAINING IN CONFLICT RESOLUTION, COLLABORATIVE COMMUNICATION, AND DEMOCRATIC GOVERNANCE. BY PARTICIPATING IN THE ESSENTIAL OPERATIONS OF THE COMMUNITY, INCLUDING LARGE-SCALE NUTRITIONAL PLANNING, FACILITIES MAINTENANCE, AND FINANCIAL OVERSIGHT, STUDENTS DEVELOP PRACTICAL LEADERSHIP SKILLS THAT COMPLEMENT THEIR FORMAL ACADEMIC STUDIES AND PREPARE THEM FOR RESPONSIBLE CITIZENSHIP.
Expenses $1,399,505 · Revenue $1,559,042
As filed on the 2024 return.
Listed in Part VII
-
Ab BrownAB BROWN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Amara EgoAMARA EGO
PRESIDENT (THRU APRIL)
- Total calculated
- $0
- Hours/week
- 3
-
Isaac CampbellISAAC CAMPBELL
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Jesse NylundJESSE NYLUND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James GilliardJAMES GILLIARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Aaron WoodsAARON WOODS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Zhuoli XieZHUOLI XIE
DIRECTOR (THRU APRIL)
- Total calculated
- $0
- Hours/week
- 1
-
Anna Jack MeinekeANNA JACK MEINEKE
DIRECTOR (THRU 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Kumi MelsonKUMI MELSON
DIRECTOR (THRU MARCH)
- Total calculated
- $0
- Hours/week
- 1
-
Larissa HackleyLARISSA HACKLEY
DIRECTOR (THRU 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Ocean EkmarkOCEAN EKMARK
DIRECTOR (THRU 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Cypher AusirCYPHER AUSIR
DIRECTOR (THRU 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Ashley DecherdASHLEY DECHERD
DIRECTOR (THRU 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie LaneSTEPHANIE LANE
EXECUTIVE DIRECTOR (THRU JAN)
- Total calculated
- $101,462
- From this org
- $101,462
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nick HillNICK HILL
EXECUTIVE DIRECTOR (BEG APRIL)
- Total calculated
- $0
- Hours/week
- 40
-
Anthony RossANTHONY ROSS
INTERIM EXECUTIVE DIRECTOR (FEB-APRIL)
- Total calculated
- $65,187
- From this org
- $65,187
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
William ThogersenWILLIAM THOGERSEN
OPERATIONS MANAGER
- Total calculated
- $136,233
- From this org
- $136,233
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 2 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600629349300935
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