Texas High Speed Rail And Transportation Corporation
- Assets
- $825.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2002
- Data as of
- 09/2021
- EIN
- 06-1654925
Organization Overview
Texas High Speed Rail And Transportation Corporation, operating under the name Thsrtc, is located in Dallas, TX. The organization was established in 2002. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thsrtc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Thsrtc generated $100.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $100.0k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MET WITH SEVERAL CITIES AND MUNICIPALITIES TO PROMOTE HIGH SPEED RAIL OPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edith Omberg Vice-Chairman | 2 | $0 | |
Tim Welch Secretary | 2 | $0 | |
Gary Fickes Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $100,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $100,000 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $825 |
| Other assets | $0 |
| Total assets | $825 |
| Total liabilities | $0 |
| Net assets or fund balances | $825 |
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|---|---|---|
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La 1 Coalition Inc Thibodaux, LA | $3,446,102 | $354,650 |
Tta-Texas Transit Association Inc Austin, TX | $410,146 | $222,026 |
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