2022-05-16T12:09:03-05:00 2021-06-30 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2020-07-01 750827409 AUSTIN COLLEGE AUST 9038132530 900 N GRAND AVE STE NO 6F SHERMAN TX 750904440 KAREN JOHNSON ASSOC VP OF BUSINESS AFFAIRS 9038132530 2022-05-16 1 KAREN JOHNSON XXX-XX-XXXX JOSEPHINE BEHREND P00715390 2108286281 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z HEIDI B ELLIS 921 N GRAND SHERMAN TX 75090 179585349 0 X WWW.AUSTINCOLLEGE.EDU X 1849 TX THE MISSION OF AUSTIN COLLEGE IS TO EDUCATE STUDENTS IN THE LIBERAL ARTS AND SCIENCES IN ORDER TO PREPARE THEM FOR REWARDING CAREERS AND FOR FULL, ENGAGED AND MEANINGFUL LIVES. 34 34 923 34 2258 0 13104663 13693068 65054616 64607595 1281887 12412992 -27458 724 79413708 90714379 35855526 35120887 0 0 23123380 23851433 59482 0 994437 21207597 18692268 80245985 77664588 -832277 13049791 297085241 325037828 56902588 48795592 240182653 276242236 X THE MISSION OF AUSTIN COLLEGE IS TO EDUCATE STUDENTS IN THE LIBERAL ARTS AND SCIENCES IN ORDER TO PREPARE THEM FOR REWARDING CAREERS AND FOR FULL, ENGAGED AND MEANINGFUL LIVES. 0 0 49184915 35120887 53964481 INSTRUCTIONAL: THE COLLEGE PROVIDED EDUCATION FOR 1,324 UNDERGRADUATE AND GRADUATE STUDENTS. THE COLLEGE CONFERRED DEGREES UPON 261 STUDENTS. 7537926 5860008 RESIDENTIAL LIVING: THE COLLEGE PROVIDED HOUSING FOR 916 STUDENTS WHO RESIDED ON CAMPUS. 2554927 4088097 FOOD SERVICE: 640 STUDENTS PURCHASED MEAL PLANS. IN ADDITION TO SERVING THESE STUDENTS THE COLLEGE ALSO PROVIDED FOOD SERVICE FOR SPECIAL EVENTS AND THE MANY FACULTY, STAFF AND OTHER STUDENTS SERVED ON A CASH BASIS. 6741372 695009 STUDENT SERVICES SUCH AS EXTRA-CURRICULAR PROGRAMMING, HEALTH SERVICES, LOAN CANCELLATIONS FOR STUDENTS, OPERATIONS AND MAINTENANCE OF FACILITIES FOR INSTRUCTIONAL PURPOSES AS WELL AS ACADEMIC SUPPORT FACILITIES. 6741372 695009 66019140 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1667 0 1 923 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X KAREN JOHNSON 9038132530 900 N GRAND AVE STE NO 6F SHERMAN TX 750904440 STEVEN O'DAY PRESIDENT 40.00 0.00 X 356432 0 125112 HEIDI B ELLIS VP BUSINESS AFFAIRS 40.00 0.00 X 181903 0 45231 TIMOTHY P MILLERICK VP STUDENT AFFAIRS 40.00 0.00 X 126367 0 82201 BETH GILL VP ACADEMIC AFFAIRS 40.00 0.00 X 173329 0 21505 GILLIAN LOCKE VP INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 132803 0 36445 DAVID GRIFFITH DEAN OF SOCIAL SCIENCES 40.00 0.00 X 135448 0 27385 BAYLEE KOWERT VP OF INSTITIONAL ENROLLMENT 40.00 0.00 X 86780 0 71778 GARRETT HUBBARD DIRECTOR OF INFORMATION TECHNOLOGY 40.00 0.00 X 104433 0 8267 SUZANNE CROUCH SR ASSOC VP INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 101694 0 8173 DAVID CORRIGAN BOARD CHAIR 2.00 0.00 X X 0 0 0 BECKY R SYKES BOARD VICE CHAIR 2.00 0.00 X X 0 0 0 BRIAN AINSWORTH TRUSTEE 1.00 0.00 X 0 0 0 GREG ALMOND TRUSTEE 1.00 0.00 X 0 0 0 JOY APPLE TRUSTEE 1.00 0.00 X 0 0 0 LAWRENCE SCOTT AUSTIN TRUSTEE 1.00 0.00 X 0 0 0 BRENT E CHRISTOPHER TRUSTEE 1.00 0.00 X 0 0 0 REGGIE COON TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM M CROOK TRUSTEE 1.00 0.00 X 0 0 0 JOAN K DARDEN TRUSTEE 1.00 0.00 X 0 0 0 BILL DOUGLASS TRUSTEE 1.00 0.00 X 0 0 0 CRAIG B FLORENCE TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL N FOSTER JR TRUSTEE 1.00 0.00 X 0 0 0 DR DONALD M GIBSON TRUSTEE 1.00 0.00 X 0 0 0 SARAH GUNDERSON TRUSTEE 1.00 0.00 X 0 0 0 TOM G HALL TRUSTEE 1.00 0.00 X 0 0 0 JEANNINE HATT TRUSTEE 1.00 0.00 X 0 0 0 JAMES T JARRATT TRUSTEE 1.00 0.00 X 0 0 0 RON KIRK TRUSTEE 1.00 0.00 X 0 0 0 DR PATRICIA MANNING-COURTNEY TRUSTEE 1.00 0.00 X 0 0 0 HOLLY MASSINGILL TRUSTEE 1.00 0.00 X 0 0 0 PETER K MUNSON TRUSTEE 1.00 0.00 X 0 0 0 SALLY ROBINSON NATION TRUSTEE 1.00 0.00 X 0 0 0 KIRK L RIMER TRUSTEE 1.00 0.00 X 0 0 0 JOE T SANDERS II TRUSTEE 1.00 0.00 X 0 0 0 STEVEN S SCHIFF TRUSTEE 1.00 0.00 X 0 0 0 RON T SEAL TRUSTEE 1.00 0.00 X 0 0 0 REBECCA SIMMONS TRUSTEE 1.00 0.00 X 0 0 0 KARL TRAVIS TRUSTEE 1.00 0.00 X 0 0 0 GAIL UTTER TRUSTEE 1.00 0.00 X 0 0 0 RUTH WHITESIDE TRUSTEE 1.00 0.00 X 0 0 0 TODD LILES TRUSTEE 1.00 0.00 X 0 0 0 TOM WELFELT TRUSTEE 1.00 0.00 X 0 0 0 JIM HARTNETT TRUSTEE 1.00 0.00 X 0 0 0 1399189 0 426097 9 0 1 0 KWA CONSTRUCTION LP 16800 WESTGROVE DR SUITE 300 ADDISON TX 75001 CONSTRUCTION WORK 4999177 COLLEGIATE ASSOCIATION RESOURCE 3824 CEDAR SPRINGS RD DALLAS TX 75219 BENEFITS ADMINISTRATION 4133653 PIAZZA CONSTRUCTION LLC 2811 S WOODLAWN DENISON TX 75020 CONSTRUCTION WORK 2128110 RUFFALOCODY HOLDINGS LLC DBA RUFFALO NOE PO BOX 718 DES MOINES IA 50303 CONSULTING WORK 877619 LLOYD PLYLER CONSTRUCTION LLP PO BOX 2406 SHERMAN TX 75091 CONSTRUCTION WORK 374913 11 9700 9141404 4541964 780326 13693068 TUITION AND FEES 611310 53964481 53964481 AUXILIARY ENTERPRISES 611710 10150528 10150528 OTHER PROGRAM REVENUE 900099 492586 492586 64607595 6714835 2258 6712577 94568051 88869894 5698157 5698157 5698157 1800 9700 1076 724 724 90714379 64607595 2258 12411458 35120887 35120887 1115054 250234 721220 143600 16355048 12948912 3072749 333387 1805369 882237 875299 47833 3372600 2914458 310075 148067 1203362 912472 239480 51410 32172 32172 91485 91485 584651 584651 464042 360427 82990 20625 488532 79548 404799 4185 862213 208029 597440 56744 533024 403576 128324 1124 3708755 3690772 17983 459622 434238 23773 1611 40378 25453 14269 656 1893903 1893903 2720542 2705821 11044 3677 495484 495484 FOOD SERVICE 2677054 2644003 30758 2293 OTHER EXPENSES 1444283 1092786 182999 168498 PROGRAMMING 1055391 186014 869377 EQUIPMENT MAINTENANCE & 807540 351948 453013 2579 333197 311841 13208 8148 77664588 66019140 10651011 994437 863482 1249823 33033128 27103224 18002491 13035432 1214001 1355194 3457230 2993046 72524 68421 1051197 799420 172846306 68405644 103658562 104440662 128803055 166744096 28675 29667 4208989 4486214 2691907 2732629 297085241 325037828 11210785 9678644 912379 633058 44429569 38154815 349855 329075 56902588 48795592 X 66214345 73656794 173968308 202585442 240182653 276242236 297085241 325037828 X 13049791 22260680 749112 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 0 0 158242859 1020250 34278669 5345264 3000606 423452 184772456 153771024 6242453 5576900 4631350 2278714 437454 158242859 146674724 6286744 6254128 4397497 542716 504359 153771024 133633595 14545632 5894663 4626817 2378006 394343 146674724 126151216 3108252 11590150 2751976 4076351 387696 133633595 0.00810 0.75430 0.23760 0 0 8579438 8579438 867549 141204079 53408436 88663192 7854637 4085025 3769612 12912887 10553225 2359662 1427716 358958 1068758 104440662 DEPOSITS 329075 329075 X 113169774 22260680 779366 23040046 90129728 584651 584651 90714379 77110189 1079 1079 77109110 584651 -29173 555478 77664588 PART III, LINE 4: THE COLLEGE ACCEPTS ARTWORK, ARTIFACTS OR SIMILAR ITEMS FROM DONORS IF SUCH ITEMS PROVIDE A DECORATIVE OR ACADEMIC PURPOSE. AS SUCH, THESE ITEMS MAY BE UTILIZED AS DECORATIONS OR INFORMATIVE EXHIBITS WITHIN THE COLLEGE LIBRARY AND ACADEMIC BUILDINGS. WHILE THE COLLEGE ACCOUNTS FOR SUCH ITEMS IN TERMS OF INSURING THE CONTENTS OF COLLEGE BUILDINGS, THESE COLLECTIONS ARE NOT VALUED AS ASSETS ON THE FINANCIAL STATEMENTS. PART V, LINE 4: AUSTIN COLLEGE'S ENDOWMENT CONSISTS OF 640 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AUSTIN COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE ONGOING FINANCIAL SUPPORT FOR OPERATIONS AND TO REMAIN STABLE (OR GROW) IN REAL OR INFLATION-ADJUSTED TERMS, AS ADJUSTED FOR NEW ADDITIONS TO THE AUSTIN COLLEGE ENDOWMENT. PART X, LINE 2: THE COLLEGE RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE ICA HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF JUNE 30, 2021 AND 2020. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY THE U.S., FEDERAL OR STATE TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2018. THE COLLEGE WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST 597,892. OTHER CHANGES IN NET ASSETS 180,398. FUNDRAISING EXPENSES 1,076. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 1,079. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER RECONCILING ITEMS -29,173. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE ANNUAL BULLETIN AS WELL AS IN THE INITIAL SOLICITATION TO ALL PROSPECTIVE STUDENTS; ALSO PUBLISHED AT THE BEGINNING OF THE FALL TERM IN THE LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 A LIST OF RECIPIENTS OF SCHOLARSHIPS, GRANTS AND FELLOWSHIPS IS ON FILE AT THE COLLEGE AND IS AVAILABLE UPON REQUEST. ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE COLLEGE, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS, GRANTS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE COLLEGE'S ASSESSMENT ON THE BASIS OF ACADEMIC, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X X X X X X X 1 RUFFALOCODY HOLDINGS LLC PO BOX 3018 CEDAR RAPIDS IA 524063018 CONSULTING 0 0 147342 -147342 MCALLISTER & QUINN 1030 15TH ST NW SUITE 590 WEST WASHINGTON DC 20005 CONSULTING 0 0 48600 -48600 195942 -195942 LEGENDS GOLF TOURNAMENT 11500 9700 1800 1076 11500 9700 1800 1076 1076 724 1 SCHOLARSHIPS 1287 34762697 CASH GRANTS 274 358190 CASH PART I, LINE 2: THE ORGANIZATION FOLLOWS THE RULES AND REGULATIONS IN TERMS OF PROCEDURES PROVIDED BY THE U.S. DEPARTMENT OF EDUCATION AND ALL GRANTING AGENCIES. PRIVATE GRANTS ARE HANDLED BY DEVELOPMENT AND FINANCIAL SERVICES AND ALL REQUIRED REPORTS ARE SUBMITTED TO THE TEXAS HIGHER EDUCATION COORDINATING BOARD AND APPROPRIATE AGENCIES. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 STEVEN O'DAY PRESIDENT 306432 0 50000 0 0 0 24800 0 100312 0 481544 0 0 0 HEIDI B ELLIS VP BUSINESS AFFAIRS 181023 0 0 0 880 0 34327 0 10904 0 227134 0 0 0 TIMOTHY P MILLERICK VP STUDENT AFFAIRS 126144 0 0 0 223 0 10811 0 71390 0 208568 0 0 0 BETH GILL VP ACADEMIC AFFAIRS 173329 0 0 0 0 0 14000 0 7505 0 194834 0 0 0 GILLIAN LOCKE VP INSTITUTIONAL ADVANCEMENT 132203 0 0 0 600 0 10920 0 25525 0 169248 0 0 0 DAVID GRIFFITH DEAN OF SOCIAL SCIENCES 135240 0 0 0 208 0 10921 0 16464 0 162833 0 0 0 BAYLEE KOWERT VP OF INSTITIONAL ENROLLMENT 83648 0 0 0 3132 0 7600 0 64178 0 158558 0 0 0 PART I, LINE 1A THERE IS A HOUSING ALLOWANCE FOR 4 OFFICERS. X 12 771826 FMV X GIFT IN KIND 1 8500 FMV 0 0 1 0 PART I, COLUMN (B): NON-CASH CONTRIBUTIONS ARE BEING REPORTED BY NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 (EXCEPT SCHEDULE B) IS RECEIVED AND REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES BEFORE FILING. SCHEDULE B IS AVAILABLE FOR REVIEW BY ANY BOARD MEMBER IN THE OFFICE OF THE VICE PRESIDENT FOR BUSINESS AFFAIRS. FORM 990, PART VI, SECTION B, LINE 12C ALL INDIVIDUALS COVERED BY THIS POLICY ARE TO COMPLETE AND FILE A CONFLICT OF INTEREST DISCLOSURE STATEMENT (DISTRIBUTED AT THE JUNE BOARD OF TRUSTEES MEETING) WITH THE SECRETARY OF THE BOARD OF TRUSTEES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP MANAGEMENT OFFICIAL COMPENSATION FOR THE PRESIDENT IS REVIEWED AND COMPARABLE DATA IS OBTAINED. ULTIMATELY, THE BOARD OF TRUSTEES REVIEWS AND APPROVES ANY CHANGES IN COMPENSATION FOR THE CEO. COMPENSATION PROCESS FOR OTHER OFFICERS OR KEY EMPLOYEES COMPENSATION FOR OTHER TOP MANAGEMENT IS REVIEWED AND COMPARABLE DATA IS USED. ULTIMATELY, THE PRESIDENT MAKES A RECOMMENDATION TO THE BOARD OF TRUSTEES AND THEY IN TURN REVIEW AND APPROVE ANY CHANGES IN COMPENSATION FOR OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST DOCUMENTS ARE POSTED ON THE INSTITUTIONAL INTRANET AVAILABLE TO THE AUSTIN COLLEGE COMMUNITY. THE FINANCIAL STATEMENTS ARE FURNISHED UPON REQUEST TO PERSONS OR INSTITUTIONS OUTSIDE THE AUSTIN COLLEGE COMMUNITY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST 597,892. OTHER CHANGES 180,398. NON-OPERATING EXPENSE OTHER RECONCILING ITEM -29,178. FORM 990, PART IV, LINE 12, AUDITED FINANCIAL STATEMENTS: THE FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION DOES HAVE A COMMITTEE THAT IS RESPONSIBLE UNDER ITS GOVERNING DOCUMENTS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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