2024-05-15T14:01:50-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2022-07-01 871925354 UATX UATX 5123487252 522 CONGRESS AVE SUITE 300 AUSTIN TX 78701 SHEHRYAR SHAFIQ CFO/TREASURER 5123487252 2024-05-14 1 SHEHRYAR SHAFIQ XXX-XX-XXXX 1 KURT BENNION CPA P01469618 4252506100 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X SHEHRYAR SHAFIQ 522 CONGRESS AVE SUITE 300 AUSTIN TX 78701 27968654 0 X WWW.UAUSTIN.ORG X 2021 TX PREPARE THOUGHTFUL AND ETHICAL BUILDERS, LEADERS, AND CITIZENS THROUGH CIVIL AND OPEN INQUIRY. 8 7 19 7 0 0 11371653 27450284 0 0 9 501723 0 16647 11371662 27968654 0 0 0 0 1135063 3877032 29019 91074 1260455 1033905 3164914 2197987 7133020 9173675 20835634 10289932 45172870 89996 5839164 10199936 39333706 UATX IS A NONPROFIT DEDICATED TO BUILDING A LIBERAL ARTS UNIVERSITY COMMITTED TO FREEDOM OF INQUIRY, FREEDOM OF CONSCIENCE, AND CIVIL DISCOURSE. TO MAINTAIN THESE PRINCIPLES, THE UNIVERSITY WILL BE FIERCELY INDEPENDENT FINANCIALLY, INTELLECTUALLY, AND POLITICALLY. 0 0 3489177 0 0 THE UNIVERSITY WILL OFFER A RIGOROUS PROGRAM OF UNDERGRADUATE AND GRADUATE COURSES WITH AN APPLIED CURRICULUM BUILT ON A CLASSICAL LIBERAL FOUNDATION TAUGHT BY WORLD-CLASS SCHOLARS AND KNOWLEDGE CREATORS THAT LEADS TO DEGREES THAT WILL BE RECOGNIZED AS AN INDICATOR OF DISTINCTIVE ACCOMPLISHMENT AND ABILITY.DURING THE YEAR ENDED JUNE 30, 2023, UATX BEGAN ITS INAUGURAL POLARIS FELLOWSHIP PROGRAM, SUBMITTED ITS APPLICATION FOR STATE AUTHORIZATION TO THE TEXAS HIGHER EDUCATION COORDINATING BOARD, HOSTED ITS SECOND "FIRST PRINCIPLES SUMMIT", OFFERED ITS SECOND "FORBIDDEN COURSES" PROGRAM AND LAUNCHED ITS FIRST-EVER HIGH SCHOOL PROGRAM. 3489177 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 29 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL SHIRES 7373590551 522 CONGRESS AVENUE SUITE 300 AUSTIN TX 78701 PANO KANELOS PRESIDENT 37.50 X X 500531 0 65295 JEFFREY SHAPIRO CFO/COO/TREASURER 37.50 X 175087 0 10489 LOREN ROTNER TREAS THRU 822 SEC (THRU 9/22) & ASSISTANT PROVOST 37.50 X X 129515 0 18735 MICHAEL SHIRES CHIEF OF STAFF/VICE PRESIDENT/SECRETARY 37.50 X 79346 0 11472 JOSEPH T LONSDALE CHAIRMAN 1.00 X X 0 0 0 TERI ANDRESEN DIRECTOR 1.00 X 0 0 0 BRENT BELLM DIRECTOR 1.00 X 0 0 0 NIALL FERGUSON DIRECTOR 1.00 X 0 0 0 HEATHER HEYING DIRECTOR (THROUGH 12/22) 1.00 X 0 0 0 SCOTT MALKIN DIRECTOR 1.00 X 0 0 0 ANDREW TROUSDALE DIRECTOR 1.00 X 0 0 0 BARI WEISS DIRECTOR 1.00 X 0 0 0 884479 0 105991 3 0 1 0 0 27450284 118614 27450284 501723 501723 OTHER REVENUE 900099 16647 16647 16647 27968654 0 0 518370 X 579135 144784 144784 289567 2754197 1592425 688038 473734 103872 60220 23915 19737 215855 115466 55782 44607 223973 119549 55577 48847 92354 92354 226691 226691 91074 91074 1159914 756658 338862 64394 116574 72411 32577 11586 105659 36064 64781 4814 172522 71887 61447 39188 323503 323503 549396 223291 171511 154594 1607 1607 59450 59450 EVENT EXPENSE 319129 279312 21826 17991 EQUIPMENT RENTAL/LEASE 25993 15236 10378 379 DUES ABND SUBSCRIPTIONS 6812 1345 5454 13 TOOLS AND EQUIPMENT 3198 529 2739 -70 2112 2112 7133020 3489177 2383388 1260455 2532612 5136889 100009 4183827 6596820 5566261 27851 143994 140866 1607 0 139259 1032640 24902874 89570 0 5010196 10289932 45172870 89996 836893 0 5002271 89996 5839164 X 10199936 39333706 10199936 39333706 10289932 45172870 X 20835634 88200 7809931 400005 X 0 0 0 X 11371653 27450284 38821937 11371653 27450284 38821937 3426388 35395549 9 501723 501732 16647 16647 39340316 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2022 AMOUNT: $ 16,647. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000000 4310 5004310 0.00000 1.00000 0.00000 0 0 77139 1607 75532 63727 63727 139259 RIGHT OF USE - LEASE ASSET 4999058 HEALTH INSURANCE 11138 5010196 RIGHT OF USE - OPERATING LEASE LIABILITY 5002271 5002271 PART V, LINE 4: THE ENDOWMENT WAS PROVIDED TO FUND A CHAIR ON POLITICS AND CENSORSHIP WHEREIN THE OCCUPANT OF THE CHAIR WOULD BE A LEADING VOICE IN THE NATIONAL AND INTERNATIONAL DEBATES AROUND CENSORSHIP IN THE PUBLIC SQUARE. 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 UATX IS AWAITING AUTHORIZATION FROM THE STATE OF TEXAS. THE ORGANIZATION IS CURRENTLY NOT PERMITTED TO OPERATE AS AN EDUCATIONAL INSTITUTION DUE TO PENDING AUTHORIZATION, AND THEREFORE IS NOT YET ABLE TO PUBLISH ANY DOCUMENTS OR RECRUIT STUDENTS. ONCE AUTHORIZATION IS RECEIVED, THE WEBSITE HOMEPAGE INCLUDE THE NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 4 UATX IS CURRENTLY NOT PERMITTED TO OPERATE AS AN EDUCATIONAL INSTITUTION DUE TO PENDING AUTHORIZATION, AND HAS NOT YET IMPLEMENTED THE INDICATED ITEMS. ONCE AUTHORIZATION IS RECEIVED AND OPERATIONS BEGIN, ALL REQUIRED RECORDS WILL BE MAINTAINED. X X X X X 1 ERNIE ISEMINGER 27955 BEECHGATE DRIVE RANCHO PALOS VERDES CA 90275 MAJOR GIFT FUNDRAISING CONSULTING 0 20000 61974 -41974 AMERICAN PHILANTHROPIC LLC 119 N HIGH STREET WEST CHESTER PA 19380 DIRECT MAIL AND PLANNED GIVING FUNDRAISING 0 0 29100 -29100 20000 91074 -71074 TX AL AK CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MO MS MN NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI AR X X X X X 0 0 0 0 0 0 0 0 0 PANO KANELOS PRESIDENT 500531 0 0 0 0 0 30450 0 34845 0 565826 0 0 0 JEFFREY SHAPIRO CFO/COO/TREASURER 175087 0 0 0 0 0 10489 0 0 0 185576 0 0 0 X 4 118614 FMV 0 0 0 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS WAS USED FOR PART I. PART I, LINE 32B: DONATED SECURITIES ARE RECEIVED BY AN INVESTMENT MANAGER. FORM 990, PART VI, SECTION A, LINE 4 THE UNIVERSITY ADOPTED ITS NEW CONSTITUTION ON JUNE 7, 2023. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED UNDER THE SUPERVISION OF THE CHIEF FINANCIAL OFFICER AND THE CHIEF OF STAFF BY THE ORGANIZATION'S ACCOUNTING FIRM. THE COMPLETED FORM WAS THEN SHARED WITH THE OFFICERS, SENIOR MANAGEMENT AND KEY EMPLOYEES OF THE ORGANIZATION FOR REVIEW FOR ACCURACY. IT WAS THEN SUBSEQUENTLY SHARED WITH THE BOARD OF DIRECTORS FOR REVIEW AND CONCURRENCE. AFTER THESE REVIEWS, THE FORM WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES THAT ALL DIRECTORS, PRINCIPAL OFFICERS, OR MEMBERS OF COMMITTEES WHO HAVE THE POWER TO INFLUENCE FINANCIAL DECISIONS OF THE ORGANIZATION DISCLOSE THE EXISTANCE, OR POTENTIAL EXISTENCE OF ANY CONFLICTS OF INTEREST ANNUALLY AND AS THEY ARISE. ANNUALLY, THE BOARD SECRETARY IS RESPONSIBLE FOR ENSURING ALL POTENTIAL INTERESTED PARTIES SIGN A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED AND UNDERSTAND THE POLICY AND WILL COMPLY. AT THE TIME OF SIGNING, THE PARTIES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT ARISES, IT IS THE RESPONSIBILITY OF THE REMAINING BOARD OR COMMITTEE MEMBERS TO DETERMINE WHETHER OR NOT A CONFLICT TRULY EXISTS AFTER THE INTERESTED PERSON HAS EXCUSED THEMSELVES FROM THE MEETING. IF A CONFLICT IS FOUND TO EXIST, THE INTERESTED PARTY IS EXCUSED FROM THE MEETING DURING ANY DISCUSSION OR VOTING ON THE MATTERS RELATED TO THEIR CONFLICT AND ABSTAINS FROM THE DISCUSSION AND VOTE. CONFLICTS OF INTEREST ARE REPORTED IN THE MINUTES OF THE MEETING WHERE THEY ARE DISCLOSED AND VOTED ON. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY PRESIDENT'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS AFTER COMPLETION OF A SALARY SURVEY AND REVIEW FOR PRESIDENTS AT SIMILARLY SITUATED AND SIZED INSTITUTIONS. THE SALARY IS CALIBRATED TO REFLECT THE EXPECTED SIZE AND TYPE OF UNIVERSITY THIS NONPROFIT ORGANIZATION IS LAUNCHING. THIS PROCESS AND ITS RESULTS ARE RECORDED AS PART OF THE MINUTES OF THE ORGANIZATION AND THE RESULTING SALARY BECOMES PART OF THE PUBLIC RECORD WHEN THE ORGANIZATION'S 990 IS FILED. COMPENSATION FOR OFFICERS AND KEY EMPLOYEES ARE PERIODICALLY REVIEWED BUT THE BOARD FINANCE COMMITTEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS & SERVICES FEES: PROGRAM SERVICE EXPENSES 756,658. MANAGEMENT AND GENERAL EXPENSES 338,862. FUNDRAISING EXPENSES 64,394. TOTAL EXPENSES 1,159,914. FORM 990, PART XI, LINE 9: PLEDGE ALLOWANCE ADJUSTMENT 400,005.