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Texas · Nonprofit

ANGELO STATE UNIVERSITY FOUNDATION INC

ANGELO STATE UNIVERSITY FOUNDATION INC (Texas) receives grants from 38 organizations whose IRS filings report $13,075,338 to it, the largest being KICKAPOO SPRINGS FOUNDATION ($6,604,693). 24 of them have funded it in more than one year.

Revenue FY2024
$13M
Funders on record
38
Grants received
$13M
Net assets
$49M
24/38 repeat funderspeak grant-dependency 22%
01What it does

What Angelo State University Foundation Inc does

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.

As stated on its FY2024 Form 990.

Program

  1. General development of administration, faculty and student body. This organization helped thousands of students this year, as well as many faculty and staff members.

    $8,702,586 spentof which $8,479,888 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $8,702,586.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($5.2M) Expenses 100 ($9.2M) Net assets 100 ($26M)2018 Revenue 162 ($8.4M) Expenses 81 ($7.5M) Net assets 106 ($28M)2019 Revenue 252 ($13M) Expenses 82 ($7.6M) Net assets 121 ($32M)2020 Revenue 169 ($8.8M) Expenses 63 ($5.9M) Net assets 128 ($34M)2021 Revenue 253 ($13M) Expenses 177 ($16M) Net assets 136 ($36M)2022 Revenue 301 ($16M) Expenses 108 ($10.0M) Net assets 150 ($39M)2023 Revenue 336 ($17M) Expenses 164 ($15M) Net assets 157 ($41M)2024 Revenue 256 ($13M) Expenses 93 ($8.6M) Net assets 185 ($49M)
'17'18'19'20'21'22'23'24
Revenue (256)Expenses (93)Net assets (185)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $41M to $49M (+18%).

$26M
$28M
$32M
$34M
$36M
$39M
$41M
$49M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

93% of ANGELO STATE UNIVERSITY FOUNDATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

−$4.1M
’17
$916k
’18
$5.4M
’19
$2.9M
’20
−$3.3M
’21
$5.6M
’22
$2.3M
’23
$4.6M
’24
2.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24
Listed1515151514151515
Joined·+0+0+2+2+2+6+1
No longer listed·0023161
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 5 funders to 18 funders, grant income rose $536k → $3.8M.

14 of 38 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $2.5M from one payer (the payer shares this organization's board, largest San Angelo Area Foundation). These are real filings, and they are not money ANGELO STATE UNIVERSITY FOUNDATION INC raised.

From the IRS filings of ANGELO STATE UNIVERSITY FOUNDATION INC’s funders (the co-funder graph). Top 30 of 38 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ANGELO STATE UNIVERSITY FOUNDATION INC leans on a few funders — its largest provides 51% of grant income and the top three 69%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

51%
largest funder
69%
top three
~4
effective funders

Largest funder’s share by year: 2017 84% · 2018 72% · 2019 78% · 2020 60% · 2021 33% · 2022 66% · 2023 56% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

62% of ANGELO STATE UNIVERSITY FOUNDATION INC's funders are still giving 3 years after their first grant; 63% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

96% of ANGELO STATE UNIVERSITY FOUNDATION INC's grant income comes from Texas funders.

NY
OH
NJ
MO
MD
DE
DC
OK
TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Texas out of state home

Funder states come from each funder’s own filing. $2.2M arriving through sponsors registered in 12 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

ANGELO STATE UNIVERSITY FOUNDATION INC runs a healthier operating margin than three-quarters of the 4,065 education nonprofits its size.

Operating margin35% · top quartile
Months of reserve2.0mo · below the median
Revenue growth (annualized)14% · top quartile

this organization peer median middle 50% of peers· 4,065 education nonprofits $10M–$100M, FY2024

Organizations like ANGELO STATE UNIVERSITY FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Texas

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

93% of spending goes to programs.

Program 93%Management 7%Fundraising 0%

Governance

15
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990✓Audited financials

Public support

74%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 1 related entity

  • Angelo State University · exempt

Screen this organization

A dated, signed PDF of the compliance screen for ANGELO STATE UNIVERSITY FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ANGELO STATE UNIVERSITY FOUNDATION INC?
ANGELO STATE UNIVERSITY FOUNDATION INC (Texas) receives grants from 38 organizations whose IRS filings report $13,075,338 to it, the largest being KICKAPOO SPRINGS FOUNDATION ($6,604,693). 24 of them have funded it in more than one year.
How many funders does ANGELO STATE UNIVERSITY FOUNDATION INC have?
IRS filings report 38 organizations giving $13,075,338 in grants to ANGELO STATE UNIVERSITY FOUNDATION INC, 24 of which have funded it in more than one year.
Who is the largest funder of ANGELO STATE UNIVERSITY FOUNDATION INC?
KICKAPOO SPRINGS FOUNDATION is the largest funder on record, with $6,604,693 in grants. The full list of funders is on this page.
How can an organization like ANGELO STATE UNIVERSITY FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 38 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing