- Revenue 2024
- $2,019,752
- Expenses 2024
- $1,870,457
Program services were 75.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- Classification
- 1200
- Street
- 1303 SAN ANTONIO ST STE 820
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2024
Mission
THE FOUNDATION SUPPORTS TEXAS' INDEPENDENT NONPROFIT COLLEGES AND UNIVERSITIES BY STRENGTHENING MEMBER INSTITUTIONS BY EDUCATING UNIVERSITY STAFF THROUGH SEMINARS AND TRAINING OPPORTUNITIES, EDUCATING STAKEHOLDERS ABOUT STRATEGIC ISSUES IMPORTANT TO PRIVATE HIGHER EDUCATION IN TEXAS, (CONTINUED ON SCHEDULE O)
Activities or mission (Part I)
THE FOUNDATION SUPPORTS TEXAS' INDEPENDENT NONPROFIT COLLEGES AND UNIVERSITIES BY STRENGTHENING MEMBER INSTITUTIONS THROUGH EDUCATION.
-
EDUCATION OF MEMBERS - THE ICUT FOUNDATION MEMBERSHIP CONSISTS OF 40 ACCREDITED INDEPENDENT INSTITUTIONS OF HIGHER EDUCATION IN TEXAS. ICUT FOUNDATION SERVES THESE MEMBERS BY EDUCATING THEM ON ISSUES AFFECTING THEIR INSTITUTIONS OR THEIR STUDENTS. THIS INCLUDES INNOVATIVE EDUCATIONAL TOOLS, NEW LAWS, RULES, REGULATIONS AND OTHER TOPICS OF INTEREST. WE COMMUNICATE THIS INFORMATION VIA WEBINARS, IN-PERSON TRAININGS AND MEETINGS, NEWSLETTERS AND EMAILS. IN ADDITION, WE COLLECT AND ANALYZE DATA FROM VARIOUS SOURCES TO PROVIDE RELEVANT INFORMATION TO OUR MEMBERS.
Expenses $728,862 · Revenue $1,520,183
-
MEMBER SERVICES - THE MEMBERS OF ICUT FOUNDATION HAVE ACCESS TO DOZENS OF GROUP PURCHASING AGREEMENTS OFFERING THEM SIGNIFICANT SAVINGS ON PRODUCTS AND SERVICES RELATED TO THEIR EDUCATIONAL PURPOSE. WE HOLD MEETINGS FOR VARIOUS GROUPS ON CAMPUS THAT PROVIDE A FORUM TO SHARE IDEAS AND LEARN ABOUT NEW INITIATIVES IN THEIR RESPECTIVE FIELDS. IN ADDITION, MEMBERS ARE ELIGIBLE TO PARTICIPATE IN AN ICUT FOUNDATION SELF-FUNDED HEALTH PLAN.
Expenses $306,011
-
THE 40 INDEPENDENT COLLEGES AND UNIVERSITIES IN TEXAS, WHO ARE SERVED BY THE FOUNDATION, WERE GIVEN THE OPPORTUNITY TO PARTICIPATE IN SCHOLARSHIP PROGRAMS. IN FISCAL YEAR 2025, THE ICUT FOUNDATION AWARDED 78 SCHOLARSHIPS TOTALING $243,000.
Expenses $243,000 · Grants $243,000
-
LEGISLATIVE - THE MEMBERS OF ICUT FOUNDATION ARE REPRESENTED BY BOTH THE ICUT FOUNDATION PRESIDENT AND A CONTRACT LOBBYIST WHO MEET WITH STAKEHOLDERS TO EDUCATE THEM ON THE VALUE OF PRIVATE NON-PROFIT HIGHER EDUCATION IN TEXAS.
Expenses $140,241
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
CHARLIE MCCORMICK
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
DEBBIE COTTRELL
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 4
-
MELVA WALLACE
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
PHIL SCHUBERT
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
RICHARD LUDWICK
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
CORY HINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
GERALD TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
HERMAN FELTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
JONATHAN SANFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
MONTSERRAT FUENTES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
THOMAS EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
VANESSA BEASLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ELIZABETH PUTHOFF
PRESIDENT
- Total calculated
- $332,644
- From this org
- $286,306
- From related orgs
- $0
- Other
- $46,338
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $278,806
- Bonus
- $0
- Other
- $7,500
- Deferred
- $35,762
- Nontaxable benefits
- $10,576
- Filer's total
- $332,644
-
LOIS HOLLIS
SENIOR DIRECTOR
- Total calculated
- $125,060
- From this org
- $95,289
- From related orgs
- $0
- Other
- $29,771
- 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. 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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $2,019,752
- Expenses
- $1,870,457
- Contributions
- $270,000
- Grants paid
- $243,000
-
2023
- Revenue
- $1,895,848
- Expenses
- $1,627,041
- Contributions
- $264,895
- Grants paid
- $233,000
-
2022
- Revenue
- $1,809,224
- Expenses
- $1,788,198
- Contributions
- $213,980
- Grants paid
- $206,600
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $1,088,634
- Expenses
- $225,100
- Assets (EOY)
- $1,110,544
-
2020 · 990
- Revenue
- $234,612
- Expenses
- $223,813
- Assets (EOY)
- $222,305
-
2019 · 990
- Revenue
- $226,536
- Expenses
- $219,058
- Assets (EOY)
- $205,406
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Form 990-N e-Postcard, tax year 2009
- Tax period
- 1 October 2009 to 30 September 2010
- Principal officer
- Carol McDonald
- Mailing address
- PO Box 13105Austin TX 78711
As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
COUNCIL OF INDEPENDENT COLLEGES
$155,500
2024 GRANTS TO STATE COUNCILS
-
COUNCIL OF INDEPENDENT COLLEGES
$126,145
2022 GRANT TO STATE COUNCILS
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.