Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
41 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990; $40K paid to officers and key staff.
Pano Kanelos’s $594K as President is at the 93rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Pano Kanelos | $594,298 | $568,860 | $500,531 | $40,064 |
| Keri Waters | $332,927 | — | — | — |
| Michael Shires | $331,758 | — | — | — |
| Ronald Thevenot | $310,388 | $253,989 | — | — |
| Jacob Howland | $293,970 | $211,409 | — | — |
| Charles Calomiris | — | $226,545 | — | — |
| Michael Shires Chief of | — | $211,516 | $79,346 | — |
| Curtis Guilbot | $196,040 | $49,741 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates thoughtful, ethical builders and leaders through open, civil discussion.
Questions for Uatx
Your first name shows with your question. Uatx answers here, for everyone.
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The university will offer a rigorous program of undergraduate and graduate courses with an applied curriculum 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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $0 | $2.6M |
| InvestmentsLn 11–13 | $0 | $1.0M |
| Total assetsLn 16 | $0 | $10.3M |
| LiabilitiesLn 26 | $0 | $90K |
| Net assetsLn 32 | $0 | $10.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $339K | $125K | $81K | $132K |
| Other salaries and wagesLn 7 | $649K | $132K | $43K | $475K |
| Pension plan contributionsLn 8 | $26K | $5K | $2K | $20K |
| Other employee benefitsLn 9 | $51K | $13K | $6K | $32K |
| Payroll taxesLn 10 | $70K | $18K | $9K | $43K |
| Legal feesLn 11b | $52K | $52K | ||
| Accounting feesLn 11c | $22K | $22K | ||
| Professional fundraising feesLn 11e | $29K | $29K | ||
| Other fees for servicesLn 11g | $354K | $187K | $112K | $55K |
| Advertising and promotionLn 12 | $22K | $22K | ||
| Office expensesLn 13 | $35K | $13K | $11K | $11K |
| Information technologyLn 14 | $52K | $24K | $21K | $7K |
| TravelLn 17 | $133K | $11K | $22K | $100K |
| Conferences, conventions and meetingsLn 19 | $356K | $356K | ||
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $477 | $477 | ||
| Total functional expensesLn 25 | $2.2M | $906K | $387K | $905K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $57.0M | $26.8M | $30.2M | $69.5M | 990 PDF |
| FY2024 | $35.9M | $17.9M | $18.0M | $57.4M | 990 PDF |
| FY2023 | $28.0M | $7.1M | $20.8M | $39.3M | 990 PDF |
| FY2022 Viewing | $11.4M | $2.2M | $9.2M | $10.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $11,371,662 revenue, 12 lines filed
Part VI · Governance 5 of 6 board members independent, no flags
Part VIII · Statement of revenue $11,371,662 across 5 lines filed
Part IX · Statement of functional expenses $2,197,987 across 16 lines filed
Part X · Balance sheet $10,289,932 assets, 11 lines filed
Part XI · Reconciliation of net assets $10,199,936 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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