2025-11-09T18:30:37-06:00 2025-06-30 134255527 CALVETTI FERGUSON 250 W NOTTINGHAM DR SUITE 100 SAN ANTONIO TX 78209 990 2024-07-01 871925354 UATX UATX 5123487252 522 CONGRESS AVE 300 AUSTIN TX 78701 SHEHRYAR SHAFIQ CFO/TREASURER 5123487252 2025-11-07 1 1 KIMIKO BACA P01268795 2105363200 2024 2025-03-06 01:10:19Z SHEHRYAR SHAFIQ 522 CONGRESS AVE 300 AUSTIN TX 78701 56951593 0 X WWW.UAUSTIN.ORG X 2021 TX PREPARE THOUGHTFUL AND ETHICAL BUILDERS, LEADERS, AND CITIZENS THROUGH CIVIL AND OPEN INQUIRY. 8 8 80 10 0 0 34331676 49547970 0 4245252 1570383 3117853 7165 40518 35909224 56951593 0 3589548 0 0 6542213 11560594 202700 0 0 11126412 11621889 17871325 26772031 18037899 30179562 62842511 76647086 5463768 7142230 57378743 69504856 UATX IS A NONPROFIT DEDICATED TO BUILDING A LIBERAL ARTS UNIVERSITY COMMITTED TO FREEDOM OF INQUIRY, FREEDOM OF CONSCIENCE, AND CIVIL DISCOURSE. TO MAINTAIN THESE PRINCIPLES, THE UNIVERSITY WILL BE FIERCELY INDEPENDENT FINANCIALLY, INTELLECTUALLY, AND POLITICALLY. 0 0 17817904 3589548 4259271 THE UNIVERSITY LAUNCHED IT'S FIRST UNDERGRADUATE DEGREE PROGRAM IN SEPTEMBER 2024. THE CURRICULUM IS BUILT ON A CLASSICAL LIBERAL FOUNDATION TAUGHT BY WORLD CLASS SCHOLARS AND KNOWLEDGE CREATORS THAT LEADS TO DEGREES THAT WILL BE RECOGNIZED AS AN INDICATOR OF DISTINCTIVE ACCOMPLISHMENT AND ABILITY. 17817904 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 105 0 1 80 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X SHEHRYAR SHAFIQ 5123487252 522 CONGRESS AVE 300 AUSTIN TX 78701 TERI ANDERSEN TRUSTEE 1.00 X 0 0 0 BRENT BELLUM TRUSTEE 1.00 X 0 0 0 NIALL FERGUSON TRUSTEE 1.00 X 0 0 0 SCOTT MALKIN TRUSTEE 1.00 X 0 0 0 ANDREW TROUSDALE TRUSTEE 1.00 X 0 0 0 BARI WEISS TRUSTEE 1.00 X 0 0 0 ALEX MAGARO TRUSTEE 1.00 X 0 0 0 JOSEPH LONSDALE CHAIRMAN 1.00 X X 0 0 0 PANO KANELOS PRESIDENT 40.00 X 594298 0 54603 SHEZ SHAFIQ CFO 40.00 X 164383 0 16559 CARLOS CARVALHO PRESIDENT 6/11/25 40.00 X 0 0 0 MICHAEL SHIRES CHIEF OF STAFF/VP/SECRETARY 40.00 X 331758 0 34790 RONALD THEVENOT SENIOR VICE PRESIDENT OF ADVANCEMENT 40.00 X 310388 0 49229 KERI WATERS VP POLARIS CENTER - THRU 12/24) 40.00 X 332927 0 13131 JACOB HOWLAND SR. VP OF ACADEMIC AFFAIRS OF ADVANCEMENT 40.00 X 293970 0 26119 CURTIS GUILBOT COO 40.00 X 196040 0 37467 CAROLYN KIL CFO - FORMER 40.00 X 116497 0 23861 2340261 0 255759 8 1 1 0 CLIFTON LASRON ALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 CONSULTING/ACCOUNTING SERVICES 282832 ARGOS ADVISORS LLC 46 CHESTNUT HILL RD WILTON CT 06897 CONSULTING/ADVANCEMENT SERVICES 198000 AMERICAN PHILATHROPIC 651 VALLEY ROAD BOX 1480 HOCKESSIN DE 19707 CONSULTING 164612 TOUCHDOWN STRATEGIES LLC 822 POLO PLACE GREAT FALLS VA 22066 CONSULTING/ADVANCEMENT SERVICES 126000 ELISHEVA AVISHAI 21076 WEST BYRON ROAD SHAKER HEIGHTS OH 44122 CONSULTING/EDUCATION SERVICES 118360 8 49547970 5965406 49547970 TUITION, HOUSING, AND FEES 611310 4182338 4182338 EVENT AND CONFERENCE REVENUE 900099 62914 62914 4245252 3117853 3117853 14019 0 14019 14019 OTHER 900099 26499 26499 26499 56951593 4259271 0 3144352 X 3589548 3589548 974363 562914 411449 8567252 4896404 3670848 430628 278281 152347 952393 615457 336936 635958 408842 227116 4387753 2472059 1915694 154843 99931 54912 359344 76689 282655 3482089 2701758 780331 753318 369387 383931 3429 3429 411381 263797 147584 117891 7480 110411 EVENT EXPENSES 1498814 1242481 256333 REPAIRS AND MAINTENANCE 156344 80048 76296 DUES AND SUBSCRIPTIONS 106197 34792 71405 STUDENT ACTIVITIES 26468 26468 164018 91568 72450 26772031 17817904 8954127 0 5603274 1758283 319047 3083113 17353353 4450 353661 577125 2099938 556863 1663091 1543075 33032141 62942013 0 428939 330790 333055 4187154 5977033 62842511 76647086 830880 713974 159000 160400 4473888 6267856 5463768 7142230 X 17275120 43985251 40103623 25519605 57378743 69504856 62842511 76647086 30179562 -700386 -17353063 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 95000 95000 X 0 5278384 3365280 303632 8670 8938626 5004310 274074 5278384 5000000 4310 5004310 0.00000 0.94730 0.05270 0 0 1491924 451866 1040058 513014 104997 408017 95000 95000 1543075 OPERATING LEASE RIGHT-OF-USE ASSETS 5951526 FINANCE LEASE RIGHT-OF-USE ASSET 25507 5977033 OPERATING LEASE PAYABLE 6220203 FINANCE LEASE PAYABLE 47653 6267856 52661659 -700386 -3589548 -4289934 56951593 0 56951593 23182483 0 23182483 3589548 3589548 26772031 PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION, SCHOLARSHIPS AND DISCOUNTS PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION, SCHOLARSHIPS AND DISCOUNTS PART III, LINE 4: WORKS OF ART INCLUDES A STATUE THAT IS CONSIDERED INEXHAUSTIBLE AND HELD FOR PUBLIC EXHIBITION ON THE UNIVERSITY'S CAMPUS, WHICH FURTHERS THE ORGANIZATION'S EXEMPT PRUPOSE OF BUILDINGS A LIBERAL ARTS UNIVERSITY. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS PUBLICIZED DURING THE START OF OUR REGISTRATION PERIOD. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION DOES NOT COLLECT OR MAINTAIN RECORDS OF THE RACIAL COMPOSITION OF ITS STUDENTS, FACULTY, OR STAFF, BECAUSE RACE AND ETHNICITY ARE NOT FACTORS IN ADMISSIONS, HIRING, OR ANY ASPECT OF THE SCHOOL'S OPERATIONS. THE SCHOOL MAINTAINS AND PUBLICIZES A WRITTEN POLICY OF NONDISCRIMINATION. 1 FINANCIAL AID 92 3561548 PART I, LINE 2: THE CONTROLLER ADDS THE BILLING TO THE STUDENT ACCOUNTS AND THE FINANCIAL AID DEPARTMENT REVIEWS THE SCHOLARSHIP APPLICATIONS AND AWARDS THE SCHOLARSHIPS BASED ON THE ALLOTTED FUNDS THEY ARE GIVEN TO ADMINISTER. THE SCHOLARSHIPS ARE AWARDED AND APPLIED TO THEIR STUDENT BILLING ACCOUNT. X X X X 0 0 0 0 0 0 0 0 0 PANO KANELOS PRESIDENT 594298 0 0 0 0 0 19800 0 34803 0 648901 0 0 0 MICHAEL SHIRES CHIEF OF STAFF/VP/SECRETARY 261758 0 70000 0 0 0 17763 0 17027 0 366548 0 0 0 RONALD THEVENOT SENIOR VICE PRESIDENT OF ADVANCEMENT 310388 0 0 0 0 0 19177 0 30052 0 359617 0 0 0 KERI WATERS VP POLARIS CENTER - THRU 12/24) 332927 0 0 0 0 0 11854 0 1277 0 346058 0 0 0 JACOB HOWLAND SR. VP OF ACADEMIC AFFAIRS OF ADVANC 253970 0 40000 0 0 0 15363 0 10756 0 320089 0 0 0 CURTIS GUILBOT COO 196040 0 0 0 0 0 12150 0 25317 0 233507 0 0 0 SHEZ SHAFIQ CFO 164383 0 0 0 0 0 6371 0 10188 0 180942 0 0 0 CAROLYN KIL CFO - FORMER 116497 0 0 0 0 0 7261 0 16600 0 140358 0 0 0 X 1 95000 FMV X 15 5683646 FMV X CRYPTOCURRENCY 1 186760 FMV 0 1 0 PART I, COLUMN (B): THE SCHOOL USES THE NUMBER OF CONTRIBUTORS FOR PART I, COLUMN (B). FORM 990, PART IV, LINE 27: UATX OFFERS FULL SCHOLARSHIPS TO ALL STUDENTS WHO ARE AWARDED ADMISSION. DURING THE 2024-25 ACADEMIC YEAR, TWO STUDENTS, EACH THE FAMILY MEMBER OF A DIFFERENT EMPLOYEE, ATTENDED THE UNIVERSITY AND RECEIVED FULL SCHOLARSHIPS CONSISTENT WITH THE INSTITITION'S STANDARD SCHOLARSHIP POLICY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED UNDER THE SUPERVISION OF THE CFO AND CONTROLLER. THE COMPLETED FORM WAS THEN SHARED WITH THE OFFICERS, SENIOR MANAGEMENT AND KEY EMPLOYEES OF THE ORGANIZATION FOR REVIEW FOR ACCURACY. IT WAS THEN SUBSEQUENTLY SHARED WITH THE BOARD OF DIRECTORS FOR REVIEW AND CONCURRENCE. AFTER THESE REVIEWS, THE FORM WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C UATX MAINTAINS A COMPREHENSIVE CONFLICT OF INTEREST AND COMMITMENT POLICY THAT APPLIES TO ALL EMPLOYEES, OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS WITH FINANCIAL DECISION-MAKING AUTHORITY. THE POLICY REQUIRES THAT ALL INDIVIDUALS ACT IN THE BEST INTERESTS OF THE UNIVERSITY AND AVOID ANY SITUATION THAT COMPROMISES - OR APPEARS TO COMPROMISE - THAT DUTY. ALL EMPLOYEES AND OFFICERS MUST PROMPTLY DISCLOSE ANY RELATIONSHIP, ARRANGEMENT, OR OUTSIDE INTEREST THAT MAY CREATE A REAL OR PERCEIVED CONFLICT OF INTEREST OR COMMITMENT, INCLUDING OUTSIDE EMPLOYMENT, CONSULTING, FINANCIAL INVESTMENTS, OR LEADERSHIP ROLES IN OTHER ORGANIZATIONS. OUTSIDE EMPLOYMENT OR CONSULTING MUST RECEIVE WRITTEN APPROVAL TO ENSURE IT DOES NOT INTERFERE WITH INSTITUTIONAL DUTIES. DISCLOSURES ARE SUBMITTED TO THE GENERAL COUNSEL AND CHIEF FINANCIAL OFFICER. BOARD MEMBERS, PRINCIPAL OFFICERS, AND COMMITTEE MEMBERS WITH GOVERNING RESPONSIBILITIES ARE REQUIRED TO ANNUALLY SIGN A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED, READ, AND UNDERSTAND THE CONFLICT OF INTEREST AND COMMITMENT POLICY AND AGREE TO COMPLY WITH IT. AT THE TIME OF SIGNING - AND AS CONFLICTS ARISE - INDIVIDUALS MUST DISCLOSE ANY POTENTIAL CONFLICTS. WHEN A POTENTIAL CONFLICT IS IDENTIFIED, THE INTERESTED INDIVIDUAL RECUSES THEMSELVES FROM ANY RELATED DISCUSSION OR VOTE. THE REMAINING DISINTERESTED BOARD OR COMMITTEE MEMBERS REVIEW THE FACTS AND DETERMINE WHETHER A CONFLICT EXISTS. ALL DISCLOSURES, DETERMINATIONS, RECUSALS, AND VOTES ARE DOCUMENTED IN THE OFFICIAL MEETING MINUTES. FOR FACULTY AND STAFF ENGAGED IN SPONSORED RESEARCH, UATX FOLLOWS STANDARDS CONSISTENT WITH R1 INSTITUTIONS IN TEXAS, REQUIRING DISCLOSURE OF ALL SIGNIFICANT FINANCIAL INTERESTS RELATED TO INSTITUTIONAL RESPONSIBILITIES AND IMPLEMENTING MITIGATION PLANS AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY PRESIDENT'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS AFTER COMPLETION OF A SALARY SURVEY AND REVIEW FOR PRESIDENTS AT SIMILARLY SITUATED AND SIZED INSTITUTIONS. THE SALARY IS CALIBRATED TO REFLECT THE EXPECTED SIZE AND TYPE OF UNIVERSITY THIS NONPROFIT ORGANIZATION IS LAUNCHING. THIS PROCESS AND ITS RESULTS ARE RECORDED AS PART OF THE MINUTES OF THE ORGANIZATION AND THE RESULTING SALARY BECOMES PART OF THE PUBLIC RECORD WHEN THE ORGANIZATION'S 990 IS FILED. COMPENSATION FOR OFFICERS AND KEY EMPLOYEES ARE PERIODICALLY REVIEWED BUT THE BOARD FINANCE COMMITTEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 2,472,059. MANAGEMENT AND GENERAL EXPENSES 1,915,694. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,387,753. FORM 990, PART XII, LINE 2C: THE PROCESS AND OVERSIGHT FOR SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PRIOR YEAR. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION UATX 522 CONGRESS AVENUE, SUITE 300 AUSTIN, TX 78701 EMPLOYER IDENTIFICATION NUMBER: 87-1925354 FOR THE YEAR ENDING JUNE 30, 2025 UATX IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).