Texas Diversity Council
- Assets
- $926.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Houston, TX
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 38-3695039
Organization Overview
Texas Diversity Council is located in Houston, TX. The organization was established in 2005. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Texas Diversity Council employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Diversity Council 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 Diversity Council generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $984.3k during the year ending 12/2021. While expenses have increased by 2.8% 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
EVENTS, NETWORKING AND SCHOLARSHIPS TO ENHANCE APPRECIATION FOR AND UNDERSTANDING OF THE VALUES OF DIVERSITY AND INCLUSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMITS FOR ENHANCEMENT AND DIVERSITY TRAINING AND OPEN DISCUSSION.
DIVERSITY LUNCHEONS - EDUCATE AND HELP COMPANIES INSTITUTE DIVERSITY INITIATIVES WITHIN THEIR OWN COMPANIES, INCLUDING SUMMITS AND WEBINARS
EVENTS AND SYMPOSIUMS - EDUCATE AND GROW INTERACTIONS WITH WOMEN IN LEADERSHIP POSITIONS TO ENHANCE AND INITIATE DIVERSITY WITHIN THEIR BUSINESSES AND PROFESSIONS IN ADDITION TO YWLS, WEBINARS AND EVENTS TO ASSIST IN INITIATIVES FOR DIVERSITY
PAYROLL AND PAYROLL COST ALLOCATED TO PROGRAM SERVICES, LUNCHEONS AND SYMPOSIUMS FOR INITIATIVES ON DIVERSITY IN THE MARKET PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randolph D Kennedy Founder, Chairman And President | OfficerTrustee | 40 | $351,113 |
Angeles Valenciano CEO | Trustee | 1 | $0 |
Peter Degroot Vice President Finance And Administration | Officer | 40 | $123,152 |
Karen Kauffman Sphr Chief Human Resources Officer | Trustee | 1 | $0 |
Tiffanie Rice Msod Cdp Vice President, Sr. Diversity Consultant | Trustee | 1 | $0 |
Juan Suarez III Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $742,840 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,791 |
| Total Program Service Revenue | $202,417 |
| Investment income | $419 |
| 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 | $1,345,227 |
| 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. | $607,614 |
| Compensation of current officers, directors, key employees. | $41,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,571 |
| Payroll taxes | $52,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $854 |
| Office expenses | $2,960 |
| Information technology | $4,156 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $954 |
| All other expenses | $41,498 |
| Total functional expenses | $984,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,080 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $156,002 |
| 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 | $926,199 |
| Accounts payable and accrued expenses | $23,074 |
| Grants payable | $0 |
| Deferred revenue | $73,000 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $248,855 |
| Total liabilities | $494,929 |
| Net assets without donor restrictions | $431,270 |
| 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 | $926,199 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Diversity Council has recieved totaling $13,594.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,594 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xiii Austin, TX | $57,202,932 | $81,882,395 |
Life School Of Dallas Red Oak, TX | $119,776,308 | $72,202,880 |
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |