2024-05-10T14:18:24+00:00 2023-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2022-07-01 750827409 Austin College AUST 9038132530 900 N Grand Avenue Suite 6F Sherman TX 750904440 J Pernell Jones VP of Business Affairs 9038113253 2024-05-10 true J Pernell Jones 999009999 true Daren Daiga P01074795 5055022746 2022 2023-04-26 12:10:37Z Steven O'Day 900 N Grand Avenue Suite 6F Sherman TX 750904440 136261891 false X https://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. 33 33 891 33 30583 29583 9270975 26552026 63246210 63282702 10993880 3502975 -4169 3744265 83506896 97081968 33413287 35328159 0 0 24539248 24826248 203132 144685 1769967 27275297 22165594 85430964 82464686 -1924068 14617282 294151852 321999413 47690604 45708069 246461248 276291344 X The mission of Austin College (AC) 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. false false 51900250 35328159 51660939 Instructional: The college provided education for 1,208 undergraduate and graduate students. The college conferred degrees upon 300 students. 13362700 0 784526 Other program services: Student services such as extra-curricular programming, health services, loan cancellation for students, operations and maintenance of facilities for instructional purposes as well as academic support facilities. 2459045 0 4625451 Food Service: 716 Students purchased meal plans, in addition to service these students the college also provided food service for special events and the many faculty, staff and other students served on a cash basis. 1524761 0 6211786 Residential Living: The college provided housing for 947 students who resided on campus. 1524761 6211786 69246756 true true false false false false true false true true true false false true true true false true false true false false true true false false false true true false false false false false false true false true false false false false true true true false false true 1717 0 true 891 true true true false false false false true true false false false false false false false X 33 33 false false false false false false false true true false false true true true true true true true true false CA MS NJ NY PA SC X Karen Johnson 9038132530 900 North Grand Avenue Suite 6F Sherman TX 75090 Gail Utter Board Vice Chair 2.0 0.0 X X 0 0 0 Lawrence Scott Austin Board Chair 2.0 0.0 X X 0 0 0 Amos J Disasa Trustee 1.0 0.0 X 0 0 0 Bill Douglass Trustee 1.0 0.0 X 0 0 0 Brent E Christopher Trustee 1.0 0.0 X 0 0 0 Brian Ainsworth Trustee 1.0 0.0 X 0 0 0 Caryn Schenewerk Trustee 1.0 0.0 X 0 0 0 Catherine McLean Trustee 1.0 0.0 X 0 0 0 Craig B Florence Trustee 1.0 0.0 X 0 0 0 David Corrigan Trustee 1.0 0.0 X 0 0 0 Dr Donald M Gibson Trustee 1.0 0.0 X 0 0 0 Greg Almond Trustee 1.0 0.0 X 0 0 0 Holly Massingill Trustee 1.0 0.0 X 0 0 0 James T Jarratt Trustee 1.0 0.0 X 0 0 0 Jeanine Hatt Trustee 1.0 0.0 X 0 0 0 Jenny King Trustee 1.0 0.0 X 0 0 0 Joe T Sanders II Trustee 1.0 0.0 X 0 0 0 Joy Apple Trustee 1.0 0.0 X 0 0 0 Larry W Lundy Trustee 1.0 0.0 X 0 0 0 Manuel Guerra Trustee 1.0 0.0 X 0 0 0 Melissa Thompson Trustee 1.0 0.0 X 0 0 0 Michael N Foster Jr Trustee 1.0 0.0 X 0 0 0 Peter K Munson Trustee 1.0 0.0 X 0 0 0 Rebecca Simmons Trustee 1.0 0.0 X 0 0 0 Reggie Coon Trustee 1.0 0.0 X 0 0 0 Ronald Kirk Trustee 1.0 0.0 X 0 0 0 Ronald T Seal Trustee 1.0 0.0 X 0 0 0 Sally Robinson Nation Trustee 1.0 0.0 X 0 0 0 Sarah Gunderson Trustee 1.0 0.0 X 0 0 0 Steven S Schiff Trustee 1.0 0.0 X 0 0 0 Thomas Ortiz Trustee 1.0 0.0 X 0 0 0 Tom G Hall Trustee 1.0 0.0 X 0 0 0 William M Crook Trustee 1.0 0.0 X 0 0 0 J Pernell Jones VP of Business Affairs/Secretary/Treasurer 40.0 0.0 X 88071 0 13223 Steven O'Day President 40.0 0.0 X 396655 0 129068 Beth Gill VP Academic Affairs 40.0 0.0 X 182011 0 22777 Carllos Lassiter VP Student Affairs 40.0 0.0 X 138135 0 15279 David Griffith Dean of Social Sciences 40.0 0.0 X 133272 0 29037 Diana Noller Director of PA Program 40.0 0.0 X 174164 0 30974 Gillian Locke VP Institutional Advancement 40.0 0.0 X 144779 0 39924 1257087 0 280282 11 false true false Undaunted Agency 5830 Granite Pkwy 100-307 Plano TX 75204 Marketing Resources 572589 RuffaloCody Holdings LLC PO Box 718 Des Moines IA 50303 Student search & fundraising 507728 Newton's Big Hat Limousines LLC 8889 FM 2071 Valley View TX 76272 Athletic Transportation 321658 Ellucian Company LP 4 Country View Rd Malvern PA 19355 Software Subscription 285629 903 Texas Construction LLC 8277 FM 697 Whitewright TX 75492 Construction Projects 225690 6 15035 2917644 23619347 1149958 26552026 Tuition and Fees 611310 51660960 51660960 Auxiliary Fees 611710 11330086 11330086 Other Program Revenue 900099 291656 291656 0 0 0 0 63282702 7322546 30583 7291963 0 0 35320404 11500 35339258 3812217 -18854 -3800717 -3819571 -3819571 22713 15035 28448 -5735 -5735 Insurance Proceeds 900099 3750000 3750000 0 0 0 0 3750000 97081968 63282702 30583 7216657 35328159 35328159 932167 181851 635287 115029 13400 13400 18269331 14243708 3152466 873157 1111835 824754 216226 70855 3218274 1995375 1035174 187725 1281241 971854 238506 70881 1440 1440 155537 155537 144685 144685 428707 428707 5616337 5054356 431376 130605 591159 47723 539859 3577 1491227 1298786 120195 72246 834248 273757 560035 456 4143962 3573727 563531 6704 2450637 2150638 230277 69722 43094 42562 432 100 160830 127825 28275 4730 3270827 361935 2890466 18426 2899402 2694444 203889 1069 61902 61902 Unrelated Business Income Taxes 16285 16285 0 0 0 0 82464686 69246756 11447963 1769967 977988 846240 23944926 7048241 6142361 20040402 896132 5595449 0 0 3058574 64790 143462 1140783 1028815 171614780 70449808 104569468 101164972 144448596 95714030 30270 84764650 5700908 2435220 3177056 3217932 294151852 321999413 8661349 7368037 565490 1215468 0 36763276 35319428 1700489 1805136 47690604 45708069 X 74398021 74405426 172063227 201885918 246461248 276291344 294151852 321999413 X 14617282 13193540 2019274 X X false true X true true true X 16568808 13104663 13693068 9270975 26552026 79189540 0 0 16568808 13104663 13693068 9270975 26552026 79189540 17132024 62057516 4554521 4791046 6712577 6905898 7291963 30256005 18007 0 724 32759 23848 75338 0 0 0 0 3750000 3750000 113270883 321146799 0.5479 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. Schedule A, Part II, Line 10 Other Income DESCRIPTION - INSURANCE PROCEEDS, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 3750000.0, COLUMN F - 3750000.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 158761377 821368 21922140 6253072 3182655 428707 171640451 184772456 681383 -16404387 6037095 3754479 496501 158761377 158242859 1020250 34278669 5345264 3000606 423452 184772456 153771024 6242453 5576900 4631350 2278714 437454 158242859 146674724 6286744 6254128 4397497 542716 504359 153771024 0.0088 0.9912 0.0 true false 8615647 8615647 148890031 59200125 89689906 13127815 11249683 1878132 981287 981287 101164972 Corporate Bonds 27947070 US Treasury Securities 18636366 Mineral Interest 10080414 Alternative Investments 969895 Real Estate 819298 Interest in pooled funds held by the Texas Presbyterian Foundation 671806 Other Investments 31337 Beneficial Interest in Trusts 25608464 84764650 Student Deposits 301040 Operating Lease Liabilities 1097352 Finance Lease Liabilities 406744 1805136 76607834 13193540 57755 2047722 15299017 61308817 428707 35344444 35773151 97081968 46777738 57755 28448 86203 46691535 428707 35344444 35773151 82464686 Schedule D, Part V The prior year column b was adjusted on Line 1c to agree to a change in the audited financial statements. Schedule D, Part III, Line 4 Collections of art - description of collections 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. Schedule D, Part V, Line 4 Intended uses of endowment funds AUSTIN COLLEGE'S ENDOWMENT CONSISTS OF 653 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Fundraising Event Expenses - 28448 Change in Split-Interest Agreements - 2019274 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Student Aid - 35328159 UBI Taxes Paid - 16285 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising Event Expenses - 28448 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Student Aid - 35328159 UBI Taxes Paid - 16285 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. 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) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Austin College students receive federal aid through the Department of Education under the following Programs: Federal Direct Student Loan Program, Federal Pell Grants, Federal Supplement Educational Opportunity Grant Program, Federal Work-Study Program, Federal Perkins Loan Program (phased out), and TEACH Grants. Other sources include the National Science Foundation, Texas Higher Education Coordinating Board, US Department of Health and Human Services, and other State sources. It is possible some recipients are related to persons having an interest in the college, such recipients are selected on an equal, objectively determinable basis with other recipients. All scholarship, grant, and fellowship awards are based on the College's objective assessment of the recipient's academic merit, financial need, and other standards generally used at similar institutions of higher education. Central America and the Caribbean 0 0 Investments 356065 0 0 0 0 0 0 356065 0 356065 true false true true false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual X X X X X X X true RuffaloCody Holdings LLC PO Box 3018 Cedar IA 524063018 Consulting false 0 144685 -144685 0 144685 -144685 CA MS NJ NY PA SC Legends Golf Tournament 37748 15035 22713 8943 10096 7708 1701 0 0 37748 15035 22713 8943 10096 7708 1701 28448 -5735 true Scholarships 1159 33229512 Grants 512 2098647 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The College follows rules and regulations in terms of procedures provided by the U.S. Department of Education and all granting agencies for awarding federal aid to students. Private grants and scholarships are awarded by Office of Financial Aid (in concert with Advancement as applicable). All required reports are submitted to the Texas Higher Education Coordinating Board and other appropriate agencies. No cash changes hands and funds are directly tied to student accounts. X X X true true X X X X false false false false false false false true false Steven O'Day President 346655 0 50000 0 0 0 28000 0 101068 0 525723 0 0 0 Diana Noller Director of PA Program 174164 0 0 0 0 0 0 0 30974 0 205138 0 0 0 Beth Gill VP Academic Affairs 182011 0 0 0 0 0 14700 0 8077 0 204788 0 0 0 Gillian Locke VP Institutional Advancement 144779 0 0 0 0 0 12012 0 27912 0 184703 0 0 0 David Griffith Dean of Social Sciences 133272 0 0 0 0 0 9424 0 19613 0 162309 0 0 0 Carllos Lassiter VP Student Affairs 138135 0 0 0 0 0 4725 0 10554 0 153414 0 0 0 Schedule J, Part I, Line 1a Travel for companions The President's spouse occasionally travels with him for College related business. Her travel is for a bona fide business purpose and is therefore treated as nontaxable. Schedule J, Part I, Line 1a Housing allowance or residence for personal use The President resides in college-owned housing as a condition of his employment with the College, to enable him to fulfill his responsibilities as President. The housing benefit is provided as nontaxable benefit to the President. Schedule J, Part I, Line 1a Personal services The President receives intermittent housekeeping, lawn maintenance and college event culinary services. The provider for housekeeping and food service is Aramark (food and cleaning contractor) and the landscape services are performed by college staff (grounds crew). Personal services are provided in preparation or response to college activities conducted on the premises. The personal services are provided as a nontaxable benefit to the President. Schedule J, Part I, Line 7 Non-fixed payments Steven O'Day has a one-time discretionary recognition bonus as established by his employment contract. Cece O'Day President's Wife 13400 Part Time Employee false X 9 1132087 Market value X Miscellaneous 6 17871 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number of contributions represent the number of contributions received, not the number of items donated. Other - Miscellaneous The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,524,761 including grants of $ 0)(Revenue $ 6,211,786) Residential Living: The college provided housing for 947 students who resided on campus. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee of the Board of Trustees has "power to transact the business of the Board between stated meetings of the Board or whenever it is impractical to call a meeting of the Board. It shall transact any special business committed to it and shall be an advisory council for the President of the College." The Executive Committee is comprised of the Chair and Vice-Chair of the Board, as well as the chairpersons for all active Board committees. All committee members are members of the governing body, and the College's executive officers serve as liaisons to the Executive Committee. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management and the Audit Committee of the Board of Trustees. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Annually, prior to the Nov Board meeting, Conflict of Interest statements are sent to all board members via the Office of the President. Conflict of Interest statements are sent to applicable employees by the Office of the VP for Business Affair. It is an online questionnaire through AC's intranet. All Officers and Trustees are covered by this policy. Completed questionnaires are maintained by Office of the Vice President of Business Affairs, and the Human Resources Office. If a potential conflict is noted, it is reviewed by the President and the Board Chair and the interested party is not involved in the decision-making process related to the conflict. Form 990, Part VI, Line 15a Process to establish compensation of 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. The compensation determination and approval process is documented in the board minutes. Form 990, Part VI, Line 15b Process to establish compensation of other 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. The compensation determination and approval process is documented in the board minutes. Form 990, Part VI, Line 19 Required documents available to the public Governing documents are not available to the public. The 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 Other changes in net assets or fund balances Change in Value of Split-Interest Agreements - 2019274; Form 990, Part XII, Line 2c Change of oversight process or selection process The College employed a new CFO in July 2022 who is more actively engaged, and hands on, in oversight of the College's independent auditors Schedule F, Part IV The organization has analyzed its ownership in the foreign corporation & passive foreign investment company and has determined that it does not meet the reporting thresholds for Form 926, Form 5471 and 8621. Pouch Corporation 900 N Grant Sherman TX 75090 751627120 Campus Snack Bar TX 501(c)(7) Austin College true false false false false false false false false false false false false false false false false false true true