2026-07-07T08:22:52-05:00 2025-08-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2024-09-01 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 2026-07-07 1 1 MATT R WILLIS P00419741 8067473806 2026-07-01 2024 2025-03-06 01:10:19Z RONNIE D HAWKINS JR BOX 11007C - ASU STATION SAN ANGELO TX 76909 8965652 0 X WWW.ANGELO.EDU/CARR_FOUNDATION X 1978 TX TO PROVIDE ACADEMIC SCHOLARSHIPS FOR NEEDY AND WORTHY STUDENTS ENROLLED AT ANGELO STATE UNIVERSITY. 10 10 0 10 0 0 0 0 0 0 2326730 4017536 5832557 4948116 8159287 8965652 11941767 11533819 0 0 165925 0 0 0 0 419926 315301 12527618 11849120 -4368331 -2883468 180954452 186581819 565507 0 180388945 186581819 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 11533819 11533819 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 2024-2025 TAX YEAR, THE FOUNDATION TRANSFERRED $11,533,819 TO THE UNIVERSITY TO BE USED FOR SCHOLARSHIPS. 11533819 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 0 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 0 0 0 X RONNIE D HAWKINS JR 3259422237 2601 WEST AVENUE N SAN ANGELO TX 76909 CANDICE UPTON BREWER DIRECTOR OF OPERATIONS 40.00 X 0 94612 15409 CODY CAMPBELL CHAIRMAN 1.00 X X 0 0 0 DUSTY WOMBLE VICE CHAIRMAN 1.00 X X 0 0 0 ELI HEATH STUDENT REGENT 1.00 X 0 0 0 MARK GRIFFIN 924-125 TRUSTEE 1.00 X 0 0 0 GINGER KERRICK DAVIS 924-125 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 DOUG MCREAKEN 125-825 TRUSTEE 1.00 X 0 0 0 DON SINCLAIR 125-825 TRUSTEE 1.00 X 0 0 0 0 94612 15409 0 0 0 0 0 X 2918829 2918829 4948116 4948116 1098707 0 1098707 1098707 1098707 8965652 0 0 8965652 11533819 11533819 140 140 7400 7400 307761 307761 11849120 11533819 315301 0 136564 101533 162798289 171686987 17918066 14894832 180954452 186581819 40325 103948 421234 0 565507 0 X 64093 64093 180324852 186517726 180388945 186581819 180954452 186581819 -2883468 8634965 441377 X X 0 1 X 1 0 X X 1 ANGELO STATE UNIVERSITY 756002403 2 1 11533819 0 1 11533819 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 162792098 20292529 11419066 316089 171349472 153141555 20904932 10941767 312622 162792098 151962996 11910615 10433943 298113 153141555 155554012 6417644 9730642 278018 151962996 125989583 39084064 9255201 264434 155554012 1.00000 0 0 0 3683440 F TEXAS TECH LONG-TERM INVESTMENT FUND 167666032 F RESTRICTED CASH 337515 C 171686987 OIL, GAS, AND OTHER MINERAL PROPERTIES 14844347 ACCRUED ROYALTIES RECEIVABLE 50485 14894832 X 17600617 8634965 8634965 8965652 0 8965652 11849120 0 11849120 0 11849120 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 2022. 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) 11533819 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 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 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. FORM 990, PART XI, LINE 9 EFFECTIVE 9/1/24 ANGELO STATE UNIVERSITY (THE UNIVERSITY) ASSUMED FULL RESPONSIBILITY FOR ALL PAYROLL, PERSONNEL, AND EMPLOYEE BENEFIT FUNCTIONS PREVIOUSLY RECORDED BY THE FOUNDATION. AS OF THAT DATE, ALL FOUNDATION EMPLOYEES BECAME EMPLOYEES OF THE UNIVERSITY, AND THE FOUNDATION CEASED RECOGNIZING SALARIES, BENEFITS, AND RELATED PAYROLL LIABILITIES, INCLUDING PENSION AND OTHER POSTEMPLOYMENT BENEFIT (OPEB) OBLIGATIONS. ACCORDINGLY, OPEB-RELATED ASSETS, LIABILITIES, AND RELATED DEFERRED INFLOWS AND OUTFLOWS OF RESOURCES PREVIOUSLY REPORTED IN THE FOUNDATION'S STATEMENT OF NET POSITION HAS BEEN RESTATED AS OF 9/1/24 FOR $441,377. 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 1 0 0 0 0 ANGELO STATE UNIVERSITY B 11533819 FMV ANGELO STATE UNIVERSITY O 110021 FMV