Texas Foundation For Innovative Communities
- Assets
- $30.7k
- Revenue
- $257.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- 11/2006
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Texas Foundation For Innovative Communities generated $257.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $232.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 - Line 4a
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 |
|---|---|---|---|
Larry Peterson Key Employee | Officer | 40 | $154,000 |
David Smith Director | Trustee | 0 | $0 |
Tracy Laquey Parker Director | Trustee | 0 | $0 |
Harry Fair Director | Trustee | 0 | $0 |
Jamie Rhodes Director | Trustee | 0 | $0 |
Jose Beceiro Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $257,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,647 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,260 |
| Pension plan accruals and contributions | $26,000 |
| Other employee benefits | $14,043 |
| Payroll taxes | $12,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $432 |
| Advertising and promotion | $355 |
| Office expenses | $465 |
| Information technology | $228 |
| Royalties | $0 |
| Occupancy | $856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,057 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $982 |
| Insurance | $1,563 |
| All other expenses | $0 |
| Total functional expenses | $232,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,742 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $595 |
| Total liabilities | $595 |
| Net assets without donor restrictions | $30,147 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,742 |
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|---|---|---|
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