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Nonprofiteer
← ANGELO STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by ANGELO STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$18,189,414
Total expenses
$9,234,452
Contributions and grants received
$17,242,472
Grants paid
$8,479,888
Program service revenue
$0
Investment income
$312,670
Other revenue
$634,272
Total assets, end of year
$60,065,737
Total liabilities, end of year
$18,148
Net assets or fund balances, end of year
$60,047,589
Program services expenses (Part IX)
$8,702,586
Management and general expenses
$347,214
Fundraising expenses
$184,652
Program service expenses (Part III)
$8,702,586

Program services were 94.2% 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.

  • 1c · Fundraising events

    $812,937

  • 1f · All other contributions, gifts and grants

    $16,429,535

  • 3 · Investment income

    total $312,670 · excluded $312,670

  • 5 · Royalties

    total $326,524 · excluded $326,524

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $812,937

  • 8b · Fundraising events: direct expenses

    $145,757

  • 8c · Net income from fundraising events

    total -$145,757 · excluded -$145,757

  • 11a · Other revenue: MISCELLEANEOUS REVENUE

    total $453,505 · excluded $453,505

  • 11e · Other revenue, total

    $453,505

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,479,888 · program services $8,479,888

  • 11c · Fees: accounting

    total $15,850 · management and general $7,925 · fundraising $7,925

  • 11f · Fees: investment management

    total $162,562 · management and general $162,562

  • 12 · Advertising and promotion

    total $7,465 · program services $7,465

  • 13 · Office expenses

    total $70,314 · management and general $35,157 · fundraising $35,157

  • 17 · Travel

    total $139,294 · management and general $69,647 · fundraising $69,647

  • 23 · Insurance

    total $10,570 · management and general $5,285 · fundraising $5,285

  • 24a · Other expenses: PERSONAL PROPERTY, FURN

    total $160,248 · program services $160,248

  • 24b · Other expenses: FEES

    total $82,720 · management and general $41,360 · fundraising $41,360

  • 24c · Other expenses: RENTAL

    total $31,424 · management and general $15,712 · fundraising $15,712

  • 24d · Other expenses: CONSUMABLES

    total $31,088 · program services $31,088

  • 24e · All other expenses

    total $43,029 · program services $23,897 · management and general $9,566 · fundraising $9,566

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,472,537 · end of year $2,231,785

  • 9 · Prepaid expenses and deferred charges

    beginning of year $117,188 · end of year $17,699

  • 15 · Other assets

    beginning of year $47,173,998 · end of year $57,816,253

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,754 · end of year $18,148

  • 27 · Net assets without donor restrictions

    beginning of year $6,634,445 · end of year $9,742,660

  • 28 · Net assets with donor restrictions

    beginning of year $42,126,524 · end of year $50,304,929

Mission and programs · 2024

Mission

PROVIDES FINANCIAL ASSISTANCE TO ANGELO STATE UNIVERSITY (ASU) TO ADDRESS THE INSTITUTION'S BROAD-BASED NEEDS. OVERSEES MANAGEMENT, INVESTMENT, AND DISTRIBUTION OF ALL FOUNDATION FUNDS FOR THE FURTHERANCE OF EDUCATIONAL PURPOSES AT ASU AND IN ACCORDANCE WITH DONORS' WISHES.

Activities or mission (Part I)

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.

  • GENERAL DEVELOPMENT OF ADMINISTRATION, FACULTY AND STUDENT BODY. THIS ORGANIZATION HELPED THOUSANDS OF STUDENTS THIS YEAR, AS WELL AS MANY FACULTY AND STAFF MEMBERS.

    Expenses $8,702,586 · Grants $8,479,888

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Will Welch

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Troyce Wilcox

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Phil Gandy

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Barton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oscar Casillas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Conaway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharanda El-Masri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Ellen Hartje

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Legrand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hector Leos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mickey Long

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Albert Reyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jill Vosburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerod White

    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.

Grants on this return

  • ANGELO STATE UNIVERSITY

    $0

    GIFTS AND SCHOLARSHIPS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ANGELO STATE UNIVERSITY

    501(C)(3) · UNIVERSITY · TX

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2026
IRS schema version
2024v5.5
Source object
202601959349301215

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