Form 990 for tax year 2023
Filed by INTER-COOPERATIVE COUNCIL AT UNIVERSITY OF TEXAS INC.
Totals
- Total revenue
- $1,643,443
- Total expenses
- $1,679,312
- Contributions and grants received
- $5,773
- Grants paid
- $8,150
- Program service revenue
- $1,636,089
- Investment income
- $506
- Other revenue
- $1,075
- Total assets, end of year
- $5,976,321
- Total liabilities, end of year
- $3,256,514
- Net assets or fund balances, end of year
- $2,719,807
- Program services expenses (Part IX)
- $1,404,908
- Management and general expenses
- $255,363
- Fundraising expenses
- $19,041
- Program service expenses (Part III)
- $1,404,908
Program services were 83.7% 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.
-
1e · Government grants (contributions)
$3,000
-
1f · All other contributions, gifts and grants
$2,773
-
2a · Program service revenue: RENTAL INCOME
total $1,612,632 · related or exempt $1,612,632
-
2b · Program service revenue: MEMBERSHIP DUES
total $15,600 · related or exempt $15,600
-
2c · Program service revenue: PENALTY FEES
total $7,857 · related or exempt $7,857
-
3 · Investment income
total $506 · excluded $506
-
11d · All other revenue
total $1,075 · excluded $1,075
-
11e · Other revenue, total
$1,075
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,150 · program services $8,150
-
5 · Compensation of officers, directors and key employees
total $102,496 · program services $25,624 · management and general $61,649 · fundraising $15,223
-
7 · Other salaries and wages
total $259,304 · program services $129,905 · management and general $129,399
-
9 · Other employee benefits
total $9,600 · program services $4,800 · management and general $4,800
-
10 · Payroll taxes
total $27,962 · program services $13,981 · management and general $13,981
-
11b · Fees: legal
total $3,385 · management and general $3,385
-
11c · Fees: accounting
total $11,000 · management and general $11,000
-
12 · Advertising and promotion
total $1,068 · program services $454 · management and general $454 · fundraising $160
-
13 · Office expenses
total $8,116 · program services $3,449 · management and general $3,449 · fundraising $1,218
-
14 · Information technology
total $16,195 · program services $6,883 · management and general $6,883 · fundraising $2,429
-
16 · Occupancy
total $648,995 · program services $648,995
-
17 · Travel
total $73 · program services $31 · management and general $31 · fundraising $11
-
19 · Conferences, conventions and meetings
total $11,410 · program services $6,217 · management and general $5,193
-
22 · Depreciation, depletion and amortization
total $238,150 · program services $238,150
-
23 · Insurance
total $2,639 · management and general $2,639
-
24a · Other expenses: MEALS AND HOUSE
total $316,726 · program services $316,726
-
24b · Other expenses: BAD DEBT EXPENSE
total $12,298 · management and general $12,298
-
24c · Other expenses: COMMUNITY ENGAGEMENT
total $1,543 · program services $1,543
-
24e · All other expenses
total $202 · management and general $202
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $150,208 · end of year $127,932
-
2 · Savings and temporary cash investments
beginning of year $226,124 · end of year $244,414
-
4 · Accounts receivable
beginning of year $15,161 · end of year $26,747
-
9 · Prepaid expenses and deferred charges
beginning of year $146,907 · end of year $167,331
-
10a · Land, buildings and equipment: cost or other basis
$9,702,438
-
10b · Land, buildings and equipment: accumulated depreciation
$4,307,541
-
10c · Land, buildings and equipment, net
beginning of year $5,585,701 · end of year $5,394,897
-
13 · Investments: program-related
beginning of year $15,000 · end of year $15,000
-
17 · Accounts payable and accrued expenses
beginning of year $65,696 · end of year $69,933
-
19 · Deferred revenue
beginning of year $26,799 · end of year $17,744
-
20 · Tax-exempt bond liabilities
beginning of year $1,880,675 · end of year $1,759,398
-
25 · Other liabilities
beginning of year $1,407,349 · end of year $1,409,439
-
27 · Net assets without donor restrictions
beginning of year $2,758,582 · end of year $2,719,807
Mission and programs · 2023
Mission
OUR MISSION IS TO PROVIDE QUALITY, AFFORDABLE, AND HEALTHY COOPERATIVE HOUSING FOR STUDENTS WITH FINANCIAL NEED.
Activities or mission (Part I)
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.
-
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.
Expenses $1,404,908 · Grants $8,150 · Revenue $1,636,089
As filed on the 2023 return.
Listed in Part VII
-
Julian MaceJULIAN MACE
PRESIDENT (THRU AUG)
- Total calculated
- $0
- Hours/week
- 3
-
Pierre HenriPIERRE HENRI
TREASURER (THRU FEB)
- Total calculated
- $0
- Hours/week
- 3
-
Zhuoli XieZHUOLI XIE
SECRETARY (SINCE AUG)
- Total calculated
- $0
- Hours/week
- 3
-
Anna Jack MeinekeANNA JACK MEINEKE
DIRECTOR (SINCE FEB)
- Total calculated
- $0
- Hours/week
- 1
-
Kumi MelsonKUMI MELSON
DIRECTOR
- Total calculated
- $336
- From this org
- $336
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ania JamieANIA JAMIE
DIRECTOR (THRU JULY)
- Total calculated
- $0
- Hours/week
- 1
-
Larissa HackleyLARISSA HACKLEY
DIRECTOR (SINCE JAN)
- Total calculated
- $0
- Hours/week
- 1
-
Amara EgoAMARA EGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ocean EkmarkOCEAN EKMARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ab BrownAB BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Myles Lopez-CeperoMYLES LOPEZ-CEPERO
DIRECTOR (THRU DEC)
- Total calculated
- $0
- Hours/week
- 1
-
Libby ConnollyLIBBY CONNOLLY
DIRECTOR (THRU JULY)
- Total calculated
- $0
- Hours/week
- 1
-
Damaris PachecoDAMARIS PACHECO
DIRECTOR (THRU JULY)
- Total calculated
- $0
- Hours/week
- 1
-
Daniel ArriagadaDANIEL ARRIAGADA
DIRECTOR (THRU DEC)
- Total calculated
- $0
- Hours/week
- 1
-
Logan IruegasLOGAN IRUEGAS
DIRECTOR (THRU DEC)
- Total calculated
- $0
- Hours/week
- 1
-
Josh BernstenJOSH BERNSTEN
DIRECTOR (THRU JUNE)
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie LaneSTEPHANIE LANE
EXECUTIVE DIRECTOR
- Total calculated
- $78,620
- From this org
- $75,460
- From related orgs
- $0
- Other
- $3,160
- Hours/week
- 40
-
William ThogersenWILLIAM THOGERSEN
OPERATIONS MANAGER
- Total calculated
- $101,278
- From this org
- $100,070
- From related orgs
- $0
- Other
- $1,208
- 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
- 2023
- Filed
- 22 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423309349300132
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