ICUT FOUNDATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- ICUT FOUNDATION (EIN 75-1540769)
- Tax period
- 2022-10-01 to 2023-09-30
- Filed
- 2024-08-13
- IRS object ID
- 202402269349302150
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-13T15:33:53-04:00 | ReturnTs |
| Tax Period End | 2023-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 742516372 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REYNOLDS & FRANKE PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6850 AUSTIN CENTER BLVD STE 100 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 787313184 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 751540769 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ICUT FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ICUT | BusinessNameControlTxt |
| Phone | 5124729522 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1303 SAN ANTONIO ST STE 820 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH PUTHOFF | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5124729522 | PhoneNum |
| Signature | 2024-08-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RONALD H REYNOLDS CPA | PreparerPersonNm |
| PTIN | P00964479 | PTIN |
| Phone | 5122063141 | PhoneNum |
| Preparation | 2024-08-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Special Condition | EXTENDED TO AUGUST 15 2024 | SpecialConditionDesc |
| Principal Officer | CHARLIE MCCORMICK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1303 SAN ANTONIO ST STE 820 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,922,173 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | ICUT.ORG/PAGE/FOUNDATIONOVERVIEW | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1976 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | THE FOUNDATION SUPPORTS TEXAS' INDEPENDENT NONPROFIT COLLEGES AND UNIVERSITIES BY STRENGTHENING MEMBER INSTITUTIONS THRU EDUCATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $1,087,953 | PYContributionsGrantsAmt |
| CY Contributions Grants | $213,980 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $1,474,408 | CYProgramServiceRevenueAmt |
| PY Investment Income | $681 | PYInvestmentIncomeAmt |
| CY Investment Income | $65,940 | CYInvestmentIncomeAmt |
| CY Other Revenue | $54,896 | CYOtherRevenueAmt |
| PY Total Revenue | $1,088,634 | PYTotalRevenueAmt |
| CY Total Revenue | $1,809,224 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $196,600 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $206,600 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $916,095 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $16,738 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,500 | PYOtherExpensesAmt |
| CY Other Expenses | $665,503 | CYOtherExpensesAmt |
| PY Total Expenses | $225,100 | PYTotalExpensesAmt |
| CY Total Expenses | $1,788,198 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $863,534 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $21,026 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,110,544 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,438,280 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $175,602 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $470,187 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $934,942 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $968,093 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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, CONDUCTING RESEARCH AND PRODUCING COLLATERAL RELEVANT TO THE MISSION OF ITS MEMBERS, SEEKING AND DISTRIBUTING SCHOLARSHIPS FOR STUDENTS AT ITS MEMBERS, AND PROVIDING SIGNIFICANT COST SAVINGS THROUGH COLLABORATIVE PURCHASING AGREEMENTS | MissionDesc |
| Significant New Program Srvc | Yes (true) | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $639,954 | ExpenseAmt |
| Revenue | $1,474,408 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $311,240 | ExpenseAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $206,600 | ExpenseAmt |
| Grant | $206,600 | GrantAmt |
| Desc | 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 2023, THE ICUT FOUNDATION AWARDED 78 SCHOLARSHIPS TOTALING 206,600. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $143,704 | ExpenseAmt |
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $143,704 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $1,301,498 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH PUTHOFF | PersonNm |
| Phone | 5124729522 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1303 SAN ANTONIO ST STE 820 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| STEVEN JOHNSON | ||||||||
| CEO (10-12/2 | 40.00 | 0.00 | Yes (X) | $250,360 | $0 | $41,642 | ||
| ELIZABETH PUTHOFF | ||||||||
| PRESIDENT | 40.00 | Yes (X) | $177,511 | $0 | $31,159 | |||
| LOIS HOLLIS | ||||||||
| SENIOR DIREC | 40.00 | $108,505 | $0 | $26,613 | Yes (X) | |||
| RICHARD LUDWICK | ||||||||
| CHAIR | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| CHARLIE MCCORMICK | ||||||||
| CHAIR-ELECT | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PHIL SCHUBERT | ||||||||
| PAST CHAIR | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| BLAIR BLACKBURN | ||||||||
| SECRETARY | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| DEBBIE COTTRELL | ||||||||
| TREASURER | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| GERALD TURNER | ||||||||
| DIRECTOR | 4.00 | $0 | $0 | $0 | Yes (X) | |||
| HERMAN FELTON | ||||||||
| DIRECTOR | 4.00 | $0 | $0 | $0 | Yes (X) | |||
| STEVEN O'DAY | ||||||||
| DIRECTOR | 4.00 | $0 | $0 | $0 | Yes (X) | |||
| THOMAS EVANS | ||||||||
| DIRECTOR | 4.00 | $0 | $0 | $0 | Yes (X) | |||
| BOBBY HALL | ||||||||
| DIRECTOR | 4.00 | $0 | $0 | $0 | Yes (X) | |||
| LINDA LIVINGSTONE | ||||||||
| DIRECTOR | 4.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $536,376 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $99,414 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $213,980 | AllOtherContributionsAmt |
| Total Contributions | $213,980 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 900099 | $1,387,913 | $1,387,913 |
| MEETING FEES | 900099 | $54,870 | $54,870 |
| PROGRAM SPONSORSHIP | 900099 | $31,625 | $31,625 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,474,408 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $68,867 | TotalRevenueColumnAmt |
| Exclusion | $68,867 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $49,937 | TotalRevenueColumnAmt |
| Exclusion | $49,937 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $88,173 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $88,173 | RealAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,849 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $24,776 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$2,927 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,927 | TotalRevenueColumnAmt |
| Exclusion | -$2,927 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| REFUNDS | 900099 | $3,333 | $3,333 |
| REIMBURSEMENTS | 900099 | $1,626 | $1,626 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,959 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,809,224 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,479,367 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $115,877 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,600 | TotalAmt |
| Program Services | $206,600 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $592,012 | TotalAmt |
| Program Services | $412,340 | ProgramServicesAmt |
| Management And General | $174,176 | ManagementAndGeneralAmt |
| Fundraising | $5,496 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $231,056 | TotalAmt |
| Program Services | $158,960 | ProgramServicesAmt |
| Management And General | $69,977 | ManagementAndGeneralAmt |
| Fundraising | $2,119 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,771 | TotalAmt |
| Program Services | $24,578 | ProgramServicesAmt |
| Management And General | $7,865 | ManagementAndGeneralAmt |
| Fundraising | $328 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,710 | TotalAmt |
| Program Services | $9,533 | ProgramServicesAmt |
| Management And General | $3,050 | ManagementAndGeneralAmt |
| Fundraising | $127 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,546 | TotalAmt |
| Program Services | $35,660 | ProgramServicesAmt |
| Management And General | $11,411 | ManagementAndGeneralAmt |
| Fundraising | $475 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,633 | TotalAmt |
| Management And General | $10,633 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,385 | TotalAmt |
| Management And General | $25,385 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,400 | TotalAmt |
| Program Services | $22,400 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,443 | TotalAmt |
| Program Services | $24,500 | ProgramServicesAmt |
| Management And General | $56,424 | ManagementAndGeneralAmt |
| Fundraising | $519 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,382 | TotalAmt |
| Program Services | $81,354 | ProgramServicesAmt |
| Management And General | $25,947 | ManagementAndGeneralAmt |
| Fundraising | $1,081 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,919 | TotalAmt |
| Program Services | $13,439 | ProgramServicesAmt |
| Management And General | $4,301 | ManagementAndGeneralAmt |
| Fundraising | $179 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,300 | TotalAmt |
| Program Services | $62,191 | ProgramServicesAmt |
| Management And General | $48,105 | ManagementAndGeneralAmt |
| Fundraising | $2,004 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,130 | TotalAmt |
| Program Services | $36,130 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,546 | TotalAmt |
| Program Services | $99,568 | ProgramServicesAmt |
| Management And General | $21,717 | ManagementAndGeneralAmt |
| Fundraising | $4,261 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,263 | TotalAmt |
| Program Services | $947 | ProgramServicesAmt |
| Management And General | $316 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,636 | TotalAmt |
| Program Services | $3,477 | ProgramServicesAmt |
| Management And General | $1,159 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,326 | TotalAmt |
| Program Services | $5,495 | ProgramServicesAmt |
| Management And General | $1,758 | ManagementAndGeneralAmt |
| Fundraising | $73 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| LEGISLATIVE | $84,669 | $79,733 | $4,936 | |
| MEMBERSHIP | $19,951 | $18,953 | $998 | |
| MISCELLANEOUS | $4,450 | $3,338 | $1,067 | $45 |
| STAFF TRAINING | $3,070 | $2,302 | $737 | $31 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,788,198 | TotalAmt |
| Program Services | $1,301,498 | ProgramServicesAmt |
| Management And General | $469,962 | ManagementAndGeneralAmt |
| Fundraising | $16,738 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,695 | BOYAmt |
| EOY | $361,877 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $486,382 | BOYAmt |
| EOY | $260,105 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $3,303 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,763 | BOYAmt |
| EOY | $8,042 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $49,527 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $35,810 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,353 | BOYAmt |
| EOY | $13,717 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $464,607 | BOYAmt |
| EOY | $507,333 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,744 | BOYAmt |
| EOY | $283,903 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,110,544 | BOYAmt |
| EOY | $1,438,280 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,940 | BOYAmt |
| EOY | $70,852 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,722 | BOYAmt |
| EOY | $120,187 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,050 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,890 | BOYAmt |
| EOY | $279,148 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,602 | BOYAmt |
| EOY | $470,187 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $934,942 | BOYAmt |
| EOY | $968,093 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $934,942 | BOYAmt |
| EOY | $968,093 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,110,544 | BOYAmt |
| EOY | $1,438,280 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $21,026 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $12,125 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $244,450 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $226,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $234,600 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $234,975 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $213,980 | CurrentTaxYearAmt |
| Total | $1,154,005 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $244,450 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $226,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $234,600 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $234,975 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $213,980 | CurrentTaxYearAmt |
| Total | $1,154,005 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $357,605 | SubstantialContributorsTotAmt |
| Public Support Total170 | $796,400 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,564 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $536 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $681 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $206,977 | CurrentTaxYearAmt |
| Total | $210,770 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $4,959 | CurrentTaxYearAmt |
| Total | $4,959 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,369,734 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,562,581 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.58140 | PublicSupportCY170Pct |
| Public Support PY170 | 0.70290 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | 4,959 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | Yes (true) | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $43,222 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $43,222 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART II-B, LINE 1 | FormAndLineReferenceDesc |
| Explanation | 1A - VOLUNTEERS ARE THE PRESIDENTS AND STUDENTS OF OUR MEMBER INSTITUTIONS WHO OCCASIONALLY VISIT THEIR REPRESENTATIVES AT THE CAPITOL AND THANK THEM FOR THEIR SUPPORT OF HIGHER EDUCATION IN TEXAS IN GENERAL. 1B - THE PRESIDENT OF ICUT FOUNDATION IS A REGISTERED LOBBYIST AND VISITS LEGISLATORS AT THE CAPITOL DURING SESSION TO ENCOURAGE THEM TO SUPPORT FINANCIAL AID BILLS AND OTHER BILLS THAT IMPACT OUR INSTITUTIONS AND THEIR STUDENTS. 1G - THIS DOLLAR AMOUNT REPRESENTS FUNDS PAID TO A LOBBYIST WHOM WE CONTRACT WITH WHO LOBBIES ON OUR BEHALF ON CERTAIN BILLS (22,400) AND THE PRESIDENT OF THE ICUT FOUNDATION WHO MEETS WITH LEGISLATORS OR THEIR STAFF ABOUT BILLS THAT AFFECT OUR MEMBERS OR STUDENTS (20,822). | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,076 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,617 | DepreciationAmt |
| Book Value | $2,459 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,889 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,427 | DepreciationAmt |
| Book Value | $9,462 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,562 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,766 | DepreciationAmt |
| Book Value | $1,796 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,717 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| OPERATING RIGHT-OF-USE ASSETS | $275,258 |
| SECURITY DEPOSITS | $8,645 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $283,903 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OPERATING LEASE LIABILITY | $275,258 |
| SECURITY DEPOSIT | $3,890 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $279,148 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,909,522 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $12,125 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $88,173 | OtherRevenueAmt |
| Revenue Not Reported | $100,298 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,809,224 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,809,224 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,876,371 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $88,173 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $88,173 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,788,198 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,788,198 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE MOST SIGNIFICANT TAX POSITIONS OF THE FOUNDATION ARE ITS ASSERTIONS THAT IT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATIONS OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO ACTIVITY SUBJECT TO UBIT DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. |
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | RECLASSED RENT EXPENSE 88,173 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | RECLASSED RENT EXPENSE 88,173 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| PACCAR SCHOLARSHIP | 42 | $85,000 |
| UPS SCHOLARSHIP | 36 | $121,600 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | REQUIRE EACH UNIVERSITY TO SUBMIT AN APPLICATION ON BEHALF OF THE SCHOLARSHIP RECIPIENT. THE VETTING REGARDING THE NEED OF THE STUDENT IS DONE BY THE UNIVERSITY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | false | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| STEVEN JOHNSON | |||||
| CEO (10-12/22) | $245,360 | $5,000 | $30,043 | $11,599 | $292,002 |
| ELIZABETH PUTHOFF | |||||
| PRESIDENT | $170,011 | $7,500 | $21,301 | $9,858 | $208,670 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION PAYS SOCIAL CLUB DUES FOR THE PRESIDENT, WHICH ARE DEEMED NECESSARY TO PERFORM JOB. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S 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, CONDUCTING RESEARCH AND PRODUCING COLLATERAL RELEVANT TO THE MISSION OF ITS MEMBERS, SEEKING AND DISTRIBUTING SCHOLARSHIPS FOR STUDENTS AT ITS MEMBERS, AND PROVIDING SIGNIFICANT COST SAVINGS THROUGH COLLABORATIVE PURCHASING AGREEMENTS |
| FORM 990, PAGE 2, PART III, LINE 2 | 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. 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. 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. |
| FORM 990, PAGE 2, PART III, LINE 4D | 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. |
| FORM 990, PART V | PART V LINE 2A AND 2B - THE ORGANZATION CONTRACTS WITH A PROFESSIONAL EMPLOYER ORGANIZATION FOR THE PROCESSING OF PAYROLL. THEREFORE, NO W-2S WERE FILED BY THE ORGANIZATION. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS ARE LIMITED TO THE NON-PROFIT, TAX-EXEMPT, MULTIPURPOSE INDEPENDENT COLLEGES AND UNIVERSITIES WHOSE MAIN CAMPUSES ARE LOCATED IN THE STATE OF TEXAS. MEMBERS MUST BE ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS, THE LIAISON COMMITTEE ON MEDICAL EDUCATION OR THE AMERICAN BAR ASSOCIATION OR BE A FEDERALLY DESIGNATED WORK COLLEGE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | A COLLEGE OR UNIVERSITY MAY BE NOMINATED FOR MEMBERSHIP BY THE CHIEF EXECUTIVE OFFICER OF A MEMBER IN GOOD STANDING OR MAY PETITION THE PRESIDENT OF THE FOUNDATION TO BE CONSIDERED FOR MEMBERSHIP. A COLLEGE OR UNIVERSITY THAT IS NOMINATED OR PETITIONS FOR MEMBERSHIP MUST PROVIDE THE PRESIDENT OF THE FOUNDATION EVIDENCE OF ACCREDITATION, PROOF OF NON-PROFIT STATUS AND NOTICE OF TAX-EXEMPTION FROM THE STATE OF TEXAS. ELECTION TO MEMBERSHIP REQUIRES A MAJORITY VOTE OF THE MEMBERS IN GOOD STANDING PRESENT AT THE ANNUAL MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 7B | CERTAIN DECISIONS OF THE GOVERNING BOARD MUST BE APPROVED BY A MAJORITY VOTE OF A QUORUM OF THE VOTING MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 8B | THERE ARE NO COMMITTESS WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A DRAFT OF THE RETURN WAS SENT TO THE GOVERNING BOARD FOR THEIR REVIEW. THEN THE PREPARING CPA REVIEWS THE RETURN WITH THE GOVERNING BOARD AND ANSWERS QUESTIONS. THEN A FINAL COPY IS PRESENTED TO THE GOVERNING BOARD BEFORE FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE GOVERNING BOARD MEMBERS MUST REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY EACH YEAR. A LIST OF CURRENT VENDORS IS PROVIDED TO THEM WITH THE FORM. |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR THE PRESIDENT WAS DETERMINED USING SALARY SURVEYS OF SIMILAR SIZE PEER ORGANIZATIONS. A LETTER STATING THE PROCESS AND DETERMINED SALARY WAS PROVIDED TO THE PRESIDENT AND WAS KEPT IN THE EMPLOYEE FILE. NO OTHER DIRECTORS WERE COMPENSATED. THE PRESIDENT DETERMINED SALARIES FOR OTHER EMPLOYEES BASED ON COMPARABLE DATA. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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