Totals
- Total revenue
- $27,968,654
- Total expenses
- $7,133,020
- Contributions and grants received
- $27,450,284
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $501,723
- Other revenue
- $16,647
- Total assets, end of year
- $45,172,870
- Total liabilities, end of year
- $5,839,164
- Net assets or fund balances, end of year
- $39,333,706
- Program services expenses (Part IX)
- $3,489,177
- Management and general expenses
- $2,383,388
- Fundraising expenses
- $1,260,455
- Program service expenses (Part III)
- $3,489,177
Program services were 48.9% 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
$27,450,284
-
1g · Noncash contributions included above
$118,614
-
3 · Investment income
total $501,723 · excluded $501,723
-
11a · Other revenue: OTHER REVENUE
total $16,647 · excluded $16,647
-
11e · Other revenue, total
$16,647
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $579,135 · program services $144,784 · management and general $144,784 · fundraising $289,567
-
7 · Other salaries and wages
total $2,754,197 · program services $1,592,425 · management and general $688,038 · fundraising $473,734
-
8 · Pension plan contributions
total $103,872 · program services $60,220 · management and general $23,915 · fundraising $19,737
-
9 · Other employee benefits
total $215,855 · program services $115,466 · management and general $55,782 · fundraising $44,607
-
10 · Payroll taxes
total $223,973 · program services $119,549 · management and general $55,577 · fundraising $48,847
-
11b · Fees: legal
total $92,354 · management and general $92,354
-
11c · Fees: accounting
total $226,691 · management and general $226,691
-
11e · Fees: professional fundraising services
total $91,074 · fundraising $91,074
-
11g · Fees: other
total $1,159,914 · program services $756,658 · management and general $338,862 · fundraising $64,394
-
12 · Advertising and promotion
total $116,574 · program services $72,411 · management and general $32,577 · fundraising $11,586
-
13 · Office expenses
total $105,659 · program services $36,064 · management and general $64,781 · fundraising $4,814
-
14 · Information technology
total $172,522 · program services $71,887 · management and general $61,447 · fundraising $39,188
-
16 · Occupancy
total $323,503 · management and general $323,503
-
17 · Travel
total $549,396 · program services $223,291 · management and general $171,511 · fundraising $154,594
-
22 · Depreciation, depletion and amortization
total $1,607 · management and general $1,607
-
23 · Insurance
total $59,450 · management and general $59,450
-
24a · Other expenses: EVENT EXPENSE
total $319,129 · program services $279,312 · management and general $21,826 · fundraising $17,991
-
24b · Other expenses: EQUIPMENT RENTAL/LEASE
total $25,993 · program services $15,236 · management and general $10,378 · fundraising $379
-
24c · Other expenses: DUES ABND SUBSCRIPTIONS
total $6,812 · program services $1,345 · management and general $5,454 · fundraising $13
-
24d · Other expenses: TOOLS AND EQUIPMENT
total $3,198 · program services $529 · management and general $2,739 · fundraising -$70
-
24e · All other expenses
total $2,112 · management and general $2,112
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,532,612 · end of year $5,136,889
-
2 · Savings and temporary cash investments
beginning of year $100,009 · end of year $4,183,827
-
4 · Accounts receivable
beginning of year $6,596,820 · end of year $5,566,261
-
9 · Prepaid expenses and deferred charges
beginning of year $27,851 · end of year $143,994
-
10a · Land, buildings and equipment: cost or other basis
$140,866
-
10b · Land, buildings and equipment: accumulated depreciation
$1,607
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $139,259
-
11 · Investments: publicly traded securities
beginning of year $1,032,640 · end of year $24,902,874
-
14 · Intangible assets
end of year $89,570
-
15 · Other assets
beginning of year $0 · end of year $5,010,196
-
17 · Accounts payable and accrued expenses
beginning of year $89,996 · end of year $836,893
-
25 · Other liabilities
beginning of year $0 · end of year $5,002,271
-
27 · Net assets without donor restrictions
beginning of year $10,199,936 · end of year $39,333,706
Mission and programs · 2022
Mission
UATX IS A NONPROFIT DEDICATED TO BUILDING A LIBERAL ARTS UNIVERSITY COMMITTED TO FREEDOM OF INQUIRY, FREEDOM OF CONSCIENCE, AND CIVIL DISCOURSE. TO MAINTAIN THESE PRINCIPLES, THE UNIVERSITY WILL BE FIERCELY INDEPENDENT FINANCIALLY, INTELLECTUALLY, AND POLITICALLY.
Activities or mission (Part I)
PREPARE THOUGHTFUL AND ETHICAL BUILDERS, LEADERS, AND CITIZENS THROUGH CIVIL AND OPEN INQUIRY.
-
THE UNIVERSITY WILL OFFER A RIGOROUS PROGRAM OF UNDERGRADUATE AND GRADUATE COURSES WITH AN APPLIED CURRICULUM BUILT ON A CLASSICAL LIBERAL FOUNDATION TAUGHT BY WORLD-CLASS SCHOLARS AND KNOWLEDGE CREATORS THAT LEADS TO DEGREES THAT WILL BE RECOGNIZED AS AN INDICATOR OF DISTINCTIVE ACCOMPLISHMENT AND ABILITY.DURING THE YEAR ENDED JUNE 30, 2023, UATX BEGAN ITS INAUGURAL POLARIS FELLOWSHIP PROGRAM, SUBMITTED ITS APPLICATION FOR STATE AUTHORIZATION TO THE TEXAS HIGHER EDUCATION COORDINATING BOARD, HOSTED ITS SECOND "FIRST PRINCIPLES SUMMIT", OFFERED ITS SECOND "FORBIDDEN COURSES" PROGRAM AND LAUNCHED ITS FIRST-EVER HIGH SCHOOL PROGRAM.
Expenses $3,489,177
As filed on the 2022 return.
Listed in Part VII
-
PANO KANELOS
PRESIDENT
- Total calculated
- $565,826
- From this org
- $500,531
- From related orgs
- $0
- Other
- $65,295
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $500,531
- Bonus
- $0
- Other
- $0
- Deferred
- $30,450
- Nontaxable benefits
- $34,845
- Filer's total
- $565,826
-
JEFFREY SHAPIRO
CFO/COO/TREASURER
- Total calculated
- $185,576
- From this org
- $175,087
- From related orgs
- $0
- Other
- $10,489
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $175,087
- Bonus
- $0
- Other
- $0
- Deferred
- $10,489
- Nontaxable benefits
- $0
- Filer's total
- $185,576
-
LOREN ROTNER TREAS THRU 822
SEC (THRU 9/22) & ASSISTANT PROVOST
- Total calculated
- $148,250
- From this org
- $129,515
- From related orgs
- $0
- Other
- $18,735
- Hours/week
- 37.5
-
MICHAEL SHIRES CHIEF OF
STAFF/VICE PRESIDENT/SECRETARY
- Total calculated
- $90,818
- From this org
- $79,346
- From related orgs
- $0
- Other
- $11,472
- Hours/week
- 37.5
-
JOSEPH T LONSDALE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
TERI ANDRESEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRENT BELLM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NIALL FERGUSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HEATHER HEYING
DIRECTOR (THROUGH 12/22)
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT MALKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANDREW TROUSDALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BARI WEISS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349311454
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