True Texas Project Inc
- Assets
- $162.8k
- Revenue
- $506.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Grapevine, TX
- Founding
- 12/2014
- Data as of
- 06/2024
- EIN
- 27-2998683
Organization Overview
True Texas Project Inc is located in Grapevine, TX. The organization was established in 2014. According to its NTEE Classification (R01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2024, True Texas Project Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. True Texas Project Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, True Texas Project Inc generated $506.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $424.5k during the year ending 06/2024. While expenses have increased by 42.8% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULARLY SCHEDULED MEETINGS WERE HELD AND TALKS WERE GIVEN BY DIFFERENT INDIVIDUALS ON TOPICS RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE (SEE SCHEDULE O).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Mccarty CEO | OfficerTrustee | 25 | $37,500 |
Fran Rhodes President | OfficerTrustee | 25 | $37,500 |
Charlie Levitt Vice President | OfficerTrustee | 0 | $0 |
Fred Mccarty Treasurer | Trustee | 0 | $0 |
Ryan Mccubbin Director | Trustee | 0 | $0 |
Robin Mccubbin Secretary | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $412,633 |
| 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 | $506,308 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $35,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $158 |
| 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 | $11,096 |
| Advertising and promotion | $77,202 |
| Office expenses | $94,495 |
| Information technology | $29,502 |
| Royalties | $0 |
| Occupancy | $33,533 |
| Travel | $15,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,574 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $424,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,843 |
| 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 | $646 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,300 |
| 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 | $162,789 |
| Accounts payable and accrued expenses | $7,032 |
| 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 | $10,120 |
| Total liabilities | $17,152 |
| Net assets without donor restrictions | $145,637 |
| 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 | $162,789 |