Texas Foundation For Innovative Communities
- Assets
- $458.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-5267886
Organization Overview
Texas Foundation For Innovative Communities is located in Austin, TX. The organization was established in 2006. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2022, Texas Foundation For Innovative Communities employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Foundation For Innovative Communities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Texas Foundation For Innovative Communities generated $22.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $52.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND DEVELOP THE TEXAS CLEAN ENERGY PARK AS THE PREEMINENT COLLABORATIVE ENVIRONMENT FOR INNOVATIVE RESEARCH, DEVELOPMENT, COMMERCIALIZATION AND TRAINING IN THE AREAS OF RENEWABLE ENERGY, EFFICIENCY, SMART BUILDINGS AND INFRASTRUCTURE.
Describe the Organization's Program Activity:
Part 3
TEXAS CLEAN ENERGY PARK - THE TEXAS FOUNDATION FOR INNOVATIVE COMMUNITIES (TFIC), THROUGH RESEARCH, AND AN EXTENSIVE SERIES OF MEETINGS IWTHTHE REGION'S COMMUNITY, UTILITY, BUSINESS AND EDUCATION LEADERSHIP, CONCLUDED THAT THE FASTEST AND MOST EFFECTIVE WAY TO DEVELOP THE ORGANIZATION'S VISION OF A CLEAN ENERGY PARK WOULD BE THROUGH WINNING THE SUPPORT, COLLABORATION AND PRESENCE OF THE NATIONAL RENEWABLE ENERGY LABORATORY (NREL).
GREEN JOBS INITIATIVE - TFIC IS HELPING DIRECT A COLLABORATIVE EFFORT TO DEVELOP A REGIONAL APPROACH TO CLEAN ENERGY TRAINING, BY PROVIDING TECHNICAL AND INDUSTRY INFORMATION AND PERSPECTIVE, AND LEVERAGING THE KNOWLEDGE AND RESOURCES OF THE EXISTING WORKFORCE DEVELOPMENT AGENCIES AND TRAINING INSTITUTIONS.
TFIC BUSINESS COUNCIL - TFIC HAS DEVELOPED A REGIONAL BUSINESS COUNCIL TO PROVIDE HIGH-LEVEL INPUT AND GUADANCE TO TFIC'S WORKFORCE EFFORTS. THE ORGANIZATIONS'S COLLABORATING WORKFORCE PARTNERS HAVE AGREED THAT THIS ONE COUNCIL WILL BE SHARED TO HELP MEET THEIR TECHNICAL AND INDUSTRY INFORMATION NEEDS, RATEHR THEN CREATING DUPLICATIVE EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Smith Director | 0 | $0 | |
Tracy Laquey Parker Director | 0 | $0 | |
Jamie Rhodes Director | 0 | $0 | |
Harry Fair Director | 0 | $0 | |
Jose Beceiro Director | 0 | $0 | |
Mike Semmens Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,616 |
| 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 | $22,616 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,113 |
| Professional fees and other payments to independent contractors | $5,733 |
| Occupancy, rent, utilities, and maintenance | $2,692 |
| Printing, publications, postage, and shipping | $507 |
| Other expenses | $14,260 |
| Total expenses | $52,305 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $458 |
| Other assets | $0 |
| Total assets | $458 |
| Total liabilities | $0 |
| Net assets or fund balances | $458 |