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← INTER-COOPERATIVE COUNCIL AT UNIVERSITY OF TEXAS INC

Form 990 for tax year 2022

Filed by INTER-COOPERATIVE COUNCIL AT UNIVERSITY OF TEXAS INC.

Totals

Total revenue
$1,602,387
Total expenses
$1,688,852
Contributions and grants received
$5,876
Grants paid
$14,300
Program service revenue
$1,595,741
Investment income
$710
Other revenue
$60
Total assets, end of year
$6,139,101
Total liabilities, end of year
$3,380,519
Net assets or fund balances, end of year
$2,758,582
Program services expenses (Part IX)
$1,419,375
Management and general expenses
$269,477
Fundraising expenses
$0
Program service expenses (Part III)
$1,419,375

Program services were 84.0% 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

    $5,876

  • 2a · Program service revenue: RENTAL INCOME

    total $1,564,791 · related or exempt $1,564,791

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $22,800 · related or exempt $22,800

  • 2c · Program service revenue: PENALTY FEES

    total $8,150 · related or exempt $8,150

  • 3 · Investment income

    total $710 · excluded $710

  • 11d · All other revenue

    total $60 · excluded $60

  • 11e · Other revenue, total

    $60

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $14,300 · program services $14,300

  • 5 · Compensation of officers, directors and key employees

    total $88,692 · program services $44,296 · management and general $44,396

  • 7 · Other salaries and wages

    total $247,743 · program services $123,871 · management and general $123,872

  • 9 · Other employee benefits

    total $32,626 · program services $16,313 · management and general $16,313

  • 10 · Payroll taxes

    total $30,598 · program services $15,299 · management and general $15,299

  • 11b · Fees: legal

    total $11,060 · management and general $11,060

  • 11c · Fees: accounting

    total $10,100 · management and general $10,100

  • 13 · Office expenses

    total $8,409 · program services $4,204 · management and general $4,205

  • 14 · Information technology

    total $13,654 · program services $6,827 · management and general $6,827

  • 16 · Occupancy

    total $616,124 · program services $616,124

  • 19 · Conferences, conventions and meetings

    total $14,772 · program services $10,956 · management and general $3,816

  • 22 · Depreciation, depletion and amortization

    total $246,759 · program services $246,759

  • 23 · Insurance

    total $2,623 · management and general $2,623

  • 24a · Other expenses: MEALS AND HOUSE

    total $318,994 · program services $318,994

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $30,607 · management and general $30,607

  • 24c · Other expenses: COMMUNITY ENGAGEMENT

    total $1,432 · program services $1,432

  • 24e · All other expenses

    total $359 · management and general $359

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,107 · end of year $150,208

  • 2 · Savings and temporary cash investments

    beginning of year $274,408 · end of year $226,124

  • 4 · Accounts receivable

    beginning of year $32,712 · end of year $15,161

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,698 · end of year $146,907

  • 10a · Land, buildings and equipment: cost or other basis

    $9,666,592

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,080,891

  • 10c · Land, buildings and equipment, net

    beginning of year $5,688,674 · end of year $5,585,701

  • 13 · Investments: program-related

    beginning of year $15,000 · end of year $15,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,112 · end of year $65,696

  • 19 · Deferred revenue

    beginning of year $20,302 · end of year $26,799

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,996,824 · end of year $1,880,675

  • 25 · Other liabilities

    beginning of year $1,395,314 · end of year $1,407,349

  • 27 · Net assets without donor restrictions

    beginning of year $2,845,047 · end of year $2,758,582

Mission and programs · 2022

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 $1,419,375 · Grants $14,300 · Revenue $1,595,741

As filed on the 2022 return.

Listed in Part VII

  • Abhinav Paturi

    TREASURER

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Damaris Pacheco

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Aaron Woods

    SECRETARY

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Julian Mace

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Pierre Henri

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Zhuoli Xie

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Thor Preimesberger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Gillard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kensey Medina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Libby Connolly

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gabby Gannt

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ania Jamie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kumi Melson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Bernsten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashleigh Lassiter

    EXECUTIVE DIRECTOR (THRU OCTOBER)

    Total calculated
    $85,711
    From this org
    $80,102
    From related orgs
    $0
    Other
    $5,609
    Hours/week
    40

  • Gretchen Flatau

    EXECUTIVE DIRECTOR (OCT THRU MARCH)

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Stephanie Lane

    EXECUTIVE DIRECTOR (SINCE MARCH)

    Total calculated
    $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
2022
Filed
19 March 2024
IRS schema version
2022v5.0
Source object
202400799349301860

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