Texo Abc Agc Inc
- Assets
- $5.5m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Dallas, TX
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 32-0274111
Organization Overview
Texo Abc Agc Inc is located in Dallas, TX. The organization was established in 1964. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Texo Abc Agc Inc employed 17 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Texo Abc Agc Inc 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 12/2021, Texo Abc Agc Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE MEMBER VALUE AND LOYALTY BY LEADING THROUGH INNOVATIVE PROGRAMS, QUALITY SERVICES, AND STRATEGIC ALLIANCES WHILE PROTECTING A MERIT SHOP ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - TEXO OFFERS INNOVATIVE PROGRAMS AND INFORMATION, QUALITY SERVICES AND COLLABORATIVE OPPORTUNITIES FOR ITS MEMBERS. MEMBERS OF TEXO ARE ALSO MEMBERS OF THE NATIONAL AND STATE AGC AND ABC ORGANIZATIONS.
EDUCATION - TEXO PROMOTES EDUCATION OF THE INDUSTRY BY OFFERING TRAINING CLASSES, FORUMS, AND SUPPORTING FOUNDATIONS AND UNIVERSITIES THAT PROMOTE TEXO'S MISSION.
SAFETY - TEXO PROVIDES PRE-CONSTRUCTION SAFETY PLANNING SERVICES, ENVIRONMENTAL SERVICES, CUSTOMIZED SAFETY PROGRAMS, SAFETY EDUCATION AND OSHA CONSULTATION AND REPRESENTATION.
ADVOCACY FUND AND GOVERNMENTAL AFFAIRS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meloni Raney President/ceo | Officer | 32 | $185,220 |
Jack Baxley Vice President Of Governmental | Officer | 39 | $168,259 |
Erin Stewart VP Of Training & Development | 40 | $135,000 | |
Todd Holtz Vice President Of Operations | Officer | 40 | $129,768 |
Clay Harrison Chair | OfficerTrustee | 2 | $0 |
Jason Weeks Incoming Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $273,299 |
| 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 | $273,299 |
| Total Program Service Revenue | $4,051,986 |
| Investment income | $45,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $19,736 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,311 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,625 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,511,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,335 |
| 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. | $536,913 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $932,175 |
| Pension plan accruals and contributions | $51,479 |
| Other employee benefits | $54,707 |
| Payroll taxes | $101,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $120,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,599 |
| Advertising and promotion | $17,879 |
| Office expenses | $51,761 |
| Information technology | $158,148 |
| Royalties | $0 |
| Occupancy | $172,388 |
| Travel | $69,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,147 |
| Interest | $0 |
| Payments to affiliates | $913,978 |
| Depreciation, depletion, and amortization | $165,861 |
| Insurance | $80,942 |
| All other expenses | $14,947 |
| Total functional expenses | $4,527,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,136 |
| Savings and temporary cash investments | $2,380,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $268,221 |
| 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 | $191,547 |
| Net Land, buildings, and equipment | $2,000,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,307 |
| Total assets | $5,511,695 |
| Accounts payable and accrued expenses | $140,357 |
| Grants payable | $0 |
| Deferred revenue | $1,431,892 |
| 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 | $0 |
| Total liabilities | $1,572,249 |
| Net assets without donor restrictions | $3,597,133 |
| Net assets with donor restrictions | $342,313 |
| 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 | $5,511,695 |
Grants Awarded
Over the last fiscal year, Texo Abc Agc Inc has awarded $80,352 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: challenge cup sponsorship | $55,000 |
Dfw Airport, TX PURPOSE: TO SUPPORT EDUCATION | $25,352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |