ICUT FOUNDATION

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2024 · Form 990 · revenue $2.0M · expenses $1.9M · assets $1.8M

EIN

75-1540769

Address

1303 SAN ANTONIO ST STE 820, AUSTIN, TX 78701-1698

Website

ICUT.ORG/PAGE/FOUNDATIONOVERVIEW

NTEE code

B12 Fund Raising and/or Fund Distribution (Education) inferred (by a small language model from the name and 990 text, confidence 0.60; not an IRS classification)

Exempt type

501(c)(3): charitable, religious, educational, scientific or literary (corporation)

Ruling date

December 1981 (when the IRS recognized its exemption)

IRS status

Exempt (unconditional) (IRS Business Master File) IRS data ↗

Tax-deductible donations

Yes: listed in IRS Publication 78 (public charity) Pub 78 ↗

Foundation status

Public charity supported by the public (170(b)(1)(a)(vi))

Principal officer

Carol McDonald (its 2009 Form 990-N)

Form 990-N e-postcards

1 filed, 2009 (organizations with gross receipts normally $50,000 or less file this instead of a full Form 990) IRS data ↗

Cross-check

ProPublica Nonprofit Explorer

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)

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

6 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.

Officers and directors, no compensation reported

23 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.

People by year

Highest-paid independent contractors

No independent contractors reported.

Who gave

Contributor names are not public for this form type.

Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

Connected to

Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.

• INDEPENDENT COLLEGES & UNIVERSITIES Austin, TX · 6 people in common (Charlie McCormick, Debbie Cottrell, Elizabeth Puthoff)
• SOUTHERN COLLEGIATE ATHLETIC CONFERENCE INC Suwanee, GA · 5 people in common (Charlie McCormick, Debbie Cottrell, Jonathan Sanford)
• THE COALITION FOR COLLEGE COST SAVINGS Versailles, KY · 3 people in common (Elizabeth Puthoff, Lois Hollis, Richard Ludwick)
• UNIVERSITY OF DALLAS Irving, TX · 1 person in common (Jonathan Sanford)
• SCHREINER UNIVERSITY Kerrville, TX · 1 person in common (Charlie McCormick)
• HOWARD PAYNE UNIVERSITY Brownwood, TX · 1 person in common (Cory Hines)
• INDEPENDENT COLLEGES OF INDIANA INC Indianapolis, IN · 1 person in common (Richard Ludwick)
• MIDWESTERN HIGHER EDUCATION COMMISSION Minneapolis, MN · 1 person in common (Richard Ludwick)
• NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES Washington, DC · 1 person in common (Charlie McCormick)
• ASSOCIATED COLLEGES OF THE SOUTH INC Atlanta, GA · 1 person in common (Vanessa Beasley)
• CONSORTIUM FOR GLOBAL EDUCATION INC Anderson, SC · 1 person in common (Cory Hines)
• AMERICAN SOUTHWEST CONFERENCE New Braunfels, TX · 1 person in common (Cory Hines)
• Texas United Methodist College Association Abilene, TX · 1 person in common (Melva Wallace)

Funders of this organization

2 grantors reported grants to this organization, $1,491,320 in all, tax years 2011 to 2024. Exact: the grantor wrote this organization's EIN. Fuzzy: the grantor wrote only a name (foundations' 990-PF has no EIN field), matched to the same or a near-identical name in the same state; the name as filed is shown. From the latest return for each grantor and year, so amended returns aren't counted twice. CSV

Nearby + Similar BETA

Who funds organizations like this

Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).

The full list · all similar organizations

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

State business registration

• ICUT FOUNDATION TX, CN, Active franchise taxpayer (SOS status A), formed 1976-12-13

The same business name in the same state, from the state’s official registry data.