Relief Enterprise Of Texas Inc is located in Austin, TX. The organization was established in 2004. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Relief Enterprise Of Texas Inc employed 474 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Relief Enterprise Of Texas Inc 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 12/2023, Relief Enterprise Of Texas Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $6.4m during the year ending 12/2023. While expenses have increased by 19.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REHABILITATION OF DISABLED INDIVIDUALS BY PROVIDING TRAINING AND EMPLOYMENT OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVE THE HIGHEST LEVEL OF SOCIAL INTEGRATION ANDPERSONAL GROWTH FOR THE DISABLED AND DISADVANTAGEDTHROUGH EVALUATION, SKILLS TRAINING AND EMPLOYMENT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Curtis Mccormick Board Member | Officer | 5 | $0 |
Tom Hanna Board Member | Officer | 5 | $0 |
Joe Bryant Board Member | Officer | 5 | $0 |
John Griffin Board Member | Officer | 5 | $0 |
Calvin Williams Board Member | Officer | 20 | $0 |
Clarence Williams Board Member | Officer | 20 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $5,471,642 |
Investment income | $6,420 |
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 | $5,478,062 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,136,746 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $131,766 |
Payroll taxes | $315,305 |
Fees for services: Management | $0 |
Fees for services: Legal | $72,000 |
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 | $11,471 |
Advertising and promotion | $980 |
Office expenses | $42,248 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $266,797 |
Travel | $39,079 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,991 |
Interest | $17,179 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $34,058 |
Insurance | $2,622 |
All other expenses | $1,351,255 |
Total functional expenses | $6,426,497 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $283,507 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $503,804 |
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 | $173,084 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $181,009 |
Total assets | $1,141,404 |
Accounts payable and accrued expenses | $267,022 |
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 | $412,335 |
Other liabilities | $108,542 |
Total liabilities | $787,899 |
Net assets without donor restrictions | $353,505 |
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 | $1,141,404 |