Angelo State University Foundation Inc

Organization Overview

Angelo State University Foundation Inc is located in San Angelo, TX. The organization was established in 1978. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angelo State University Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2021, Angelo State University Foundation Inc generated $13.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $16.4m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

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


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Board, Officers & Key Employees

Name (title)Compensation
Bryan Vincent
Chairman
$0
Ferd Hoefs
Secretary/treasurer
$0
Susan Brooks
Vice Chairman
$0
Lloyd Norris
Director
$0
Will Welch
Director
$0
Mike Conaway
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$644,822
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,971,581
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,616,403
Total Program Service Revenue$0
Investment income $448,915
Tax Exempt Bond Proceeds $0
Royalties $75,618
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,874
Net Income from Fundraising Events -$119,144
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,132,707

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Angelo State University Foundation Inc has recieved totaling $1,806,417.

Awarding OrganizationAmount
Kickapoo Springs Foundation

Abilene, TX

PURPOSE: EDUCATIONAL/ HIRING OF TWO FACULTY MEMBERS TO ESTABLISH SATELLITE OFFICE

$491,872
Legett Foundation

Abilene, TX

PURPOSE: EDUCATION - TO ESTABLISH A CYBERSPACE AND AI CENTER OF EXCELLENCE

$375,000
Kickapoo Springs Foundation

Abilene, TX

PURPOSE: EDUCATIONAL/ TO ESTABLISH A CYBERSPACE AND ARTIFICIAL INTELLIGENCE CENTER OF EXCELLENCE

$375,000
Kickapoo Springs Foundation

Abilene, TX

PURPOSE: EDUCATIONAL/ MECHANICAL ENGINEERING PROGRAM

$151,200
Legett Foundation

Abilene, TX

PURPOSE: EDUCATION - TO ESTABLISH A CYBERSPACE AND AI CENTER OF EXCELLENCE

$125,000
Kickapoo Springs Foundation

Abilene, TX

PURPOSE: EDUCATIONAL/ TO ESTABLISH A CYBERSPACE AND ARTIFICIAL INTELLIGENCE CENTER OF EXCELLENCE

$125,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,222,410
Earnings$5,014,864
Net Contributions$7,249,126
Ending Balance$33,486,400

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