Overview
What is Angelo State University Robert G Carr A Foundation?
Angelo State University Robert G Carr A Foundation is a nonprofit organization, primarily established through the wills of Robert G. Carr and Nona K. Carr. This foundation, based in San Angelo, Texas, has a mission to provide academic scholarships for deserving and financially challenged students enrolled at Angelo State University. In the 2021-2022 tax year, the foundation transferred a substantial amount of $10,730,642 to Angelo State University to be utilized for awarding these scholarships. The foundation is overseen by four employees, ensuring the successful implementation of its objectives.
Official website here: www.angelo.edu/carr_foundation
Is Angelo State University Robert G Carr A Foundation legitimate?
Angelo State University Robert G Carr A Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Angelo State University Robert G Carr A Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $97,427
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,512
For more financial information, click here
Official website here: www.angelo.edu/carr_foundation
What is the mission statement of Angelo State University Robert G Carr A Foundation?
The Angelo State University Robert G Carr A Foundation's mission is to provide academic scholarships for deserving students enrolled at Angelo State University (ASU). This is made possible through the investment of proceeds from oil, gas, and other mineral properties, as stipulated in the wills of Robert G. Carr and Nona K. Carr. The foundation's trustees manage and invest these funds, with the net investment income after expenses being utilized to fund scholarships for needy and worthy students at ASU. The foundation's primary objective is to support the education of these students, thereby contributing to their academic success.
Official website here: www.angelo.edu/carr_foundation
Who is the CEO of Angelo State University Robert G Carr A Foundation?
Ronnie D Hawkins Jr is the Chairman of Angelo State University Robert G Carr A Foundation.
Official website here: www.angelo.edu/carr_foundation
What is the revenue of Angelo State University Robert G Carr A Foundation?
Angelo State University Robert G Carr A Foundation's revenue in 2022 was $11,577,342.
Official website here: www.angelo.edu/carr_foundation
Who are the executives of Angelo State University Robert G Carr A Foundation and what are their salaries?
The average compensation at Angelo State University Robert G Carr A Foundation during 2022 was $85,985. There are 4 employees and 10 volunteers at Angelo State University Robert G Carr A Foundation.
Here are 11 key members and their salaries:
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- Compensation: $83,331
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- Other: $14,096
Official website here: www.angelo.edu/carr_foundation
Where can I find the form 990 for Angelo State University Robert G Carr A Foundation?
Angelo State University Robert G Carr A Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.angelo.edu/carr_foundation
Learn more at the official website: www.angelo.edu/carr_foundation
Mission Statement of Angelo State University Robert G Carr A Foundation
The Angelo State University Robert G Carr A Foundation, established through the wills of Robert G. Carr and Nona K. Carr, is dedicated to providing academic scholarships for deserving students enrolled at Angelo State University (ASU). According to the foundation's mission, the proceeds from oil, gas, and other mineral properties are held and invested by the trustees. The net investment income realized from these investments, after covering all costs and expenses of the foundation, is then channeled into a designated scholarship fund at ASU. This scholarship fund is intended for the purpose of offering financial assistance to needy and worthy students, thereby enabling them to pursue their academic endeavors at the university.
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Impact
October, 2024
Angelo State University Robert G Carr A Foundation significantly impacts the educational landscape by providing crucial academic scholarships to needy and deserving students enrolled at Angelo State University (ASU). By transferring $10,730,642 during the 2021-2022 tax year alone, the foundation directly contributes to enhancing access to higher education for students who may otherwise face financial barriers.
The foundation is rooted in the legacy of Robert G. Carr and Nona K. Carr, with its funds generated from oil, gas, and mineral properties. The strategy of investing these proceeds ensures a sustainable source of funding for scholarships, allowing ASU to support students in their academic pursuits effectively. This financial assistance not only alleviates the burden of tuition and fees for many students but also promotes educational equity and fosters a diverse learning environment at ASU. Through its efforts, the foundation plays a vital role in shaping the future of countless students, empowering them to achieve their academic and career goals.
This information is meant to be a general summary of Angelo State University Robert G Carr A Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,130,683
- Gross Receipts: $11,577,342
Assets and Liabilities:
- Total Assets: $181,505,215
- Total Liabilities: $939,923
- Net Assets: $180,565,292
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Organization Details
Founding Year
1978
Phone
(325) 942-2237Principal Officer
Ronnie D Hawkins Jr
Main Address
BOX 11007C - ASU STATION, SAN ANGELO, TX, 76909
NTEE Category
Code: B820 - Education
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