Nonprofit · EIN 75-1585285
ANGELO STATE UNIVERSITY FOUNDATION INC
Tax-exempt · SAN ANGELO, TX 76909
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $18,189,414 | $9,234,452 | $8,954,962 | $60,065,737 | $18,148 | $60,047,589 |
| August 31, 2024 | 990 | $13,273,689 | $8,633,826 | $4,639,863 | $48,763,723 | $2,754 | $48,760,969 |
| August 31, 2023 | 990 | $17,432,484 | $15,156,179 | $2,276,305 | $41,498,889 | $7,470 | $41,491,419 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $17,242,472
- Program service revenue
- $0
- Investment income
- $312,670
- Royalties
- $326,524
- Net income from fundraising events
- -$145,757
- Other revenue
- $634,272
Expenses
- Grants and similar amounts paid
- $8,479,888
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $15,850
- Travel
- $139,294
- Program services (functional)
- $8,702,586
- Management and general (functional)
- $347,214
- Fundraising (functional)
- $184,652
Balance sheet and other
- Total assets, start of year
- $48,763,723
- Total assets, end of year
- $60,065,737
- Total liabilities, end of year
- $18,148
- Net assets, end of year
- $60,047,589
- Net assets without donor restrictions
- $9,742,660
- Net assets with donor restrictions
- $50,304,929
- Gross receipts
- $18,335,171
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1977
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILL WELCH | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| TROYCE WILCOX | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| PHIL GANDY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| JIMMY BARTON | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN BROOKS | DIRECTOR Trustee or director | 1 | $0 |
| OSCAR CASILLAS | DIRECTOR Trustee or director | 1 | $0 |
| MIKE CONAWAY | DIRECTOR Trustee or director | 1 | $0 |
| SHARANDA EL-MASRI | DIRECTOR Trustee or director | 1 | $0 |
| MARY ELLEN HARTJE | DIRECTOR Trustee or director | 1 | $0 |
| BOB LEGRAND | DIRECTOR Trustee or director | 1 | $0 |
| HECTOR LEOS | DIRECTOR Trustee or director | 1 | $0 |
| MICKEY LONG | DIRECTOR Trustee or director | 1 | $0 |
| ALBERT REYES | DIRECTOR Trustee or director | 1 | $0 |
| JILL VOSBURG | DIRECTOR Trustee or director | 1 | $0 |
| JEROD WHITE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN BROOKS | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| WILL WELCH | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| TROYCE WILCOX | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| JIMMY BARTON | DIRECTOR Trustee or director | 1 | $0 |
| OSCAR CASILLAS | DIRECTOR Trustee or director | 1 | $0 |
| MIKE CONAWAY | DIRECTOR Trustee or director | 1 | $0 |
| SHARANDA EL-MASRI | DIRECTOR Trustee or director | 1 | $0 |
| PHIL GANDY | DIRECTOR Trustee or director | 1 | $0 |
| MARY ELLEN HARTJE | DIRECTOR Trustee or director | 1 | $0 |
| BOB LEGRAND | DIRECTOR Trustee or director | 1 | $0 |
| HECTOR LEOS | DIRECTOR Trustee or director | 1 | $0 |
| LLOYD NORRIS | DIRECTOR Trustee or director | 1 | $0 |
| ALBERT REYES | DIRECTOR Trustee or director | 1 | $0 |
| JILL VOSBURG | DIRECTOR Trustee or director | 1 | $0 |
| JEROD WHITE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended August 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN BROOKS | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| FERD HOEFS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| WILL WELCH | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| OSCAR CASILLAS | DIRECTOR Trustee or director | 1 | $0 |
| MIKE CONAWAY | DIRECTOR Trustee or director | 1 | $0 |
| SHARANDA EL-MASRI | DIRECTOR Trustee or director | 1 | $0 |
| PHIL GANDY | DIRECTOR Trustee or director | 1 | $0 |
| MARY ELLEN HARTJE | DIRECTOR Trustee or director | 1 | $0 |
| BOB LEGRAND | DIRECTOR Trustee or director | 1 | $0 |
| HECTOR LEOS | DIRECTOR Trustee or director | 1 | $0 |
| LLOYD NORRIS | DIRECTOR Trustee or director | 1 | $0 |
| ALBERT REYES | DIRECTOR Trustee or director | 1 | $0 |
| JILL VOSBURG | DIRECTOR Trustee or director | 1 | $0 |
| JEROD WHITE | DIRECTOR Trustee or director | 1 | $0 |
| TROYCE WILCOX | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- ASU STATION 11009, SAN ANGELO, TX 76909-1009
- Signed the 990
- ANGIE WRIGHT, VICE PRESIDENT
- Phone
- (325) 942-2017
- Return prepared by
- ARMSTRONG BACKUS & CO LLP
Mission
PROVIDES FINANCIAL ASSISTANCE TO ANGELO STATE UNIVERSITY (ASU) TO ADDRESS THE INSTITUTION'S BROAD-BASED NEEDS. OVERSEES MANAGEMENT, INVESTMENT, AND DISTRIBUTION OF ALL FOUNDATION FUNDS FOR THE FURTHERANCE OF EDUCATIONAL PURPOSES AT ASU AND IN ACCORDANCE WITH DONORS' WISHES.
Program accomplishments
- GENERAL DEVELOPMENT OF ADMINISTRATION, FACULTY AND STUDENT BODY. THIS ORGANIZATION HELPED THOUSANDS OF STUDENTS THIS YEAR, AS WELL AS MANY FACULTY AND STAFF MEMBERS.Expenses $8,702,586 · grants $8,479,888
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 75-1585285
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B84Z)
- Assets (IRS master file)
- $60,065,737
- Income (IRS master file)
- $18,335,171
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $18,189,414 | $9,234,452 | $60,065,737 | XML |
| 990-T | August 2025 | – | – | – | IRS |
| 990 | August 2024 | $13,273,689 | $8,633,826 | $48,763,723 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $17,432,484 | $15,156,179 | $41,498,889 | XML |
| 990-T | August 2023 | – | – | – | IRS |
| 990 | August 2022 | $15,586,420 | $9,986,795 | $39,498,493 | IRS |
| 990-T | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-T | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-1585285).
Questions about ANGELO STATE UNIVERSITY FOUNDATION INC
- What is the EIN of ANGELO STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of ANGELO STATE UNIVERSITY FOUNDATION INC is 75-1585285.
- Is ANGELO STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to ANGELO STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ANGELO STATE UNIVERSITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ANGELO STATE UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ANGELO STATE UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who are the officers and directors of ANGELO STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does ANGELO STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $18,189,414, expenses of $9,234,452 and total assets of $60,065,737 at year end.
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