2024-07-01T13:41:32-05:00 2023-08-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2022-09-01 751658292 ANGELO STATE UNIVERSITY ROBERT G CARR A FOUNDATION ANGE 3259422237 BOX 11007C - ASU STATION SAN ANGELO TX 76909 RONNIE D HAWKINS JR PRESIDENT 3259422237 2024-06-24 1 RONNIE HAWKINS JR 999009999 1 MATT R WILLIS P00419741 8067473806 2024-06-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RONNIE D HAWKINS JR BOX 11007C - ASU STATION SAN ANGELO TX 76909 8534752 0 X WWW.ANGELO.EDU/CARR_FOUNDATION X 1978 TX TO PROVIDE ACADEMTC SCHOLARSHIPS FOR NEEDY AND WORTHY STUDENTS ENROLLED AT ANGELO STATE UNIVERSITY. 10 10 4 10 0 0 0 0 0 0 2130683 2278887 9446659 6255865 11577342 8534752 10730642 11433943 0 0 419089 96959 0 0 0 379762 399163 11529493 11930065 47849 -3395313 181505215 172696390 939923 680603 180565292 172015787 X THE ANGELO STATE UNIVERSITY ROBERT G. CARR AND NONA K. CARR SCHOLARSHIP FOUNDATION WAS ESTABLISHED UNDER THE WILLS OF ROBERT G. CARR AND NONA K. CARR. THE WILLS PROVIDE THAT ALL PROCEEDS FROM OIL, GAS AND OTHER MINERAL PROPERTIES BE HELD AND INVESTED BY THE TRUSTEES AND THAT THE NET INVESTMENT INCOME REALIZED FROM SUCH INVESTMENTS (EXCLUDING REALIZED GAINS AND LOSSES ON SALES OF INVESTMENT SECURITIES), AFTER THE PAYMENT OF ALL COSTS AND EXPENSES OF THE FOUNDATION, BE PAID INTO A DESIGNATED SCHOLARSHIP FUND OF ANGELO STATE UNIVERSITY " ASU" (SUPPORTED ORGANIZATION) FOR THE PURPOSE OF PROVIDING ACADEMIC SCHOLARSHIPS FOR NEEDY AND WORTHY STUDENTS ENROLLED AT ASU. 0 0 11433943 11433943 SCHOLARSHIP-PAYMENTS WERE MADE INTO A DESIGNATED FUND OF ANGELO STATE UNIVERSITY FROM WHICH ACADEMIC SCHOLARSHIPS ARE AWARDED TO NEEDY AND WORTHY STUDENTS ENROLLED AT ANGELO STATE UNIVERSITY. DURING THE 2022-2023 TAX YEAR, THE FOUNDATION TRANSFERRED $11,433,943 TO THE UNIVERSITY TO BE USED FOR SCHOLARSHIPS. 11433943 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 X RONNIE D HAWKINS JR 3259422237 2601 WEST AVENUE N SAN ANGELO TX 76909 MARK GRIFFIN CHAIRMAN 1.00 X X 0 0 0 GINGER KERRICK DAVIS VICE CHAIRMAN 1.00 X X 0 0 0 STEELY SMITH-FREEMAN STUDENT REGENT 1.00 X X 0 0 0 DUSTY WOMBLE TRUSTEE 1.00 X 0 0 0 CODY CAMPBELL TRUSTEE 1.00 X 0 0 0 ARCILIA ACOSTA TRUSTEE 1.00 X 0 0 0 PAT GORDON TRUSTEE 1.00 X 0 0 0 CLAY CASH TRUSTEE 1.00 X 0 0 0 TIM CULP TRUSTEE 1.00 X 0 0 0 DR SHELLEY SWEATT TRUSTEE 1.00 X 0 0 0 CANDICE UPTON BREWER DIRECTOR OF OPERATIONS 40.00 X 89088 0 14848 89088 0 14848 0 0 0 0 0 X 359717 359717 6255865 6255865 1919170 0 1919170 1919170 1919170 8534752 0 0 8534752 X 11433943 11433943 103936 103936 87160 87160 -127087 -127087 20169 20169 12781 12781 11010 11010 23450 23450 298113 298113 10664 10664 1151 1151 SUBSCRIPTIONS, DUES 52803 52803 SUPPLIES 745 745 POSTAGE 439 439 PRINTING 355 355 433 433 11930065 11433943 496122 0 96362 128553 282671 152867 152261879 153147523 28864303 19267447 181505215 172696390 35445 39751 199881 145754 704597 495098 939923 680603 X 64093 64093 180501199 171951694 180565292 172015787 181505215 172696390 -3395313 -5154192 0 X X 0 1 X 1 0 X X 1 ANGELO STATE UNIVERSITY 756002403 2 1 11433943 0 1 11433943 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 151962996 11910615 10433943 298113 153141555 155554012 6417644 9730642 278018 151962996 125989583 39084064 9255201 264434 155554012 130131476 5468316 9343259 266950 125989583 135605378 3891662 9105409 260155 130131476 1.00000 0 0 0 2907009 F TEXAS TECH LONG-TERM INVESTMENT FUND 150234546 F RESTRICTED CASH 5968 C 153147523 OIL, GAS, AND OTHER MINERAL PROPERTIES 18767596 ACCRUED ROYALTIES RECEIVABLE 499851 19267447 NET PENSION LIABILITY 196626 NET OPEB LIABILITY 298472 495098 X 3380560 -5154192 -5154192 8534752 0 8534752 11930065 0 11930065 0 11930065 PART V, LINE 4: INCOME FROM THE ENDOWMENT IS USED TO FUND SCHOLARSHIPS FOR STUDENTS ATTENDING ANGELO STATE UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT FURTHER FALLS UNDER THE CLASSIFICATION OF A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) AND IS THEREFORE NOT A PRIVATE FOUNDATION. THE FOUNDATION IS REQUIRED TO FILE FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2020. THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED. 1 ANGELO STATE UNIVERSITY 2601 WEST AVENUE N SAN ANGELO TX 76909 756002403 501(C)(3) 11433943 0 ACADEMIC SCHOLARSHIPS 1 FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF OPERATIONS AND THE ANGELO STATE UNIVERSITY PRESIDENT (SUPPORTED ORGANIZATION) REVIEW THE FORM 990 BEFORE IT IS FILED FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE COMPLETED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 ANGELO STATE UNIVERSITY STAFF PAY PLAN, THE OFFICE OF HUMAN RESOURCES AT ANGELO STATE UNIVERSITY, REVIEWS THE PAY PLAN EVERY TWO YEARS TO ENSURE PAY LEVELS REFLECT FAIR LABOR MARKET CONDITIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 7 THE INVESTMENTS OF THE FOUNDATION ARE COMINGLED WITH THE INVESTEMENTS OF THE UNIVERSITY TO REALIZE THE BENEFITS OF HIGHER LONG-TERM INVESTMENT RETURNS, GREATER PORTFOLIO DIVERSITY AND LOWER INVESTMENT MANAGEMENT COSTS. DUE TO THIS INVESTMENT STRUCTURE THERE IS NOT ENOUGH INFORMATION TO REPORT THE GROSS PROCEEDS AND COST RELATED TO THE SALE OF INVESTMENTS. ONLY THE NET GAIN OR LOSS FROM THE INVESTMENT FUND ARE REPORTED TO THE FOUNDATION. AS SUCH THE FOUNDATION IS REPORTING THE NET GAIN ON LINE 7A. FORM 990, PART IX, LINE 8 FOR THE YEAR ENDED AUGUST 31, 2023 THE FOUNDATION RECOGNIZED AN OPEB (OTHER POST-EMPLOYMENT BENEFITS) DECREASE OF $149,549. THIS NEGATIVE EXPENSES WAS INCLUDED ON PART IX LINE 8 AND IS WHY THE LINE SHOWS A NEGATIVE EXPENSE. FORM 990, PART XII, LINE 2C: THE FOUNDATION BOARD ASSIGNS MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE. THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND FOR THE SELECTION OF THE INDEPENDENT CPA WHO WILL PERFORM THE AUDIT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS. ANGELO STATE UNIVERSITY 2601 WEST AVENUE N SAN ANGELO TX 76909 756002403 STATE UNIVERSITY TX 501(C)(3) LINE 6 N/A 0 TEXAS TECH UNIVERSITY SYSTEM POBOX 41092 LUBBOCK TX 79409 756002622 STATE UNIVERSITY TX 501(C)(3) LINE 6 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ANGELO STATE UNIVERSITY B 11433943 FMV