Transmit Receive Labs Inc
- Assets
- $1.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Houston, TX
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 46-5563614
Organization Overview
Transmit Receive Labs Inc, operating under the name TXRX Labs, is located in Houston, TX. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2023, TXRX Labs employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. TXRX Labs 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, TXRX Labs generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 14.3% per year over the past 5 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
PROVIDING A PLACE FOR EDUCATION, COLLABORATION AND INNOVATION BY OFFERING ACCESS TO TOOLS AND MACHINES FOR PROJECT PROTOTYPING AND BUILDING AND ACCESS TO A CATALOG OF OVER 100 COURSES IN ART, ENGINEERING, CRAFT, DESIGN AND FABRICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING CLASSES FOR THE COMMUNITY IN DIVERSE AREAS OF TECHNOLOGY AND ART. OVER 100 COURSES IN 2D/3D DESIGN, FABRICATION, WELDING, 3D PRINTING, LASER CUTTING, ARTS AND CRAFTS INCLUDING JEWELRY MAKING, WOODWORKING AND MORE. EDUCATION PROGRAM: TXRX LABS STAYED ACTIVE AND ENGAGED WITH LOCAL STUDENTS, ESPECIALLY STUDENTS AND TEACHERS FROM THE HOUSTON INDEPENDENT SCHOOL DISTRICT (HISD). TXRX LABS CONTINUED TO HOST ON-SITE WORKSHOPS FOR HISD AND NON-HISD STUDENTS. TXRX LABS CONTINUED THE PARTNERSHIP WITH HARRIS COUNTY JUVENILE PROBATION (HCJPD), OFFERING ON-SITE TRAINING FOR HCJPD YOUTH ON PROBATION AND ABLE TO TRAVEL TO TXRX LABS. WE ALSO OFFER TRAINING AT THE HCJPD YOUTH VILLAGE FACILITY IN A BREADTH OF SKILLS - CARPENTRY, CAD, 3D PRINTING, CNC LASER CUTTING, AND ELECTRONICS. JOB TRAINING PROGRAM: TXRX LABS FOCUSED ON RUNNING THE MODERN MANUFACTURING PROGRAM WHICH IS AN ENTRY-LEVEL TRAINING PROGRAM DESIGNED TO INTRODUCE SKILLED STUDENTS TO THE VARIOUS MODALITIES OF TECHNOLOGY-DRIVEN MANUFACTURING. ALONG THE WAY, WE HOPE TO HELP OUR TRAINEES DISCOVER THEIR HIDDEN TALENTS AND PASSIONS. THE TRAINEES WILL EXPLORE ADDITIVE MANUFACTURING AND 3D PRINTING, COMPUTER-AIDED DRAFTING (CAD) AND CNC MACHINING, METROLOGY AND QUALITY INSPECTION, ELECTRONICS ASSEMBLY AND TESTING, AND METAL SHOP WELDING SKILLS.
MEMBERSHIP: FACILITY USAGE FOR MEMBERS INCLUDES TOOLS AND EQUIPMENT FOR THE CREATION OF PERSONAL PROJECTS AND PROTOTYPES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roland Von Kurnatowski Director | Trustee | 40 | $22,000 |
Michael Holthouse Chariman Of The Board | OfficerTrustee | 2 | $0 |
Harvin Moore Treasurer | OfficerTrustee | 2 | $0 |
Summer Reeves Secretary | OfficerTrustee | 2 | $0 |
Celest Conflitti Director | Trustee | 2 | $0 |
Steve Songer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $189,478 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $541,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $889,868 |
| Total Program Service Revenue | $2,393,696 |
| 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 | $3,283,564 |
| 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 | $1,245,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,246 |
| Payroll taxes | $91,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,415 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $334,087 |
| Advertising and promotion | $594 |
| Office expenses | $29,368 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $497,329 |
| Travel | $12,988 |
| 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 | $93,689 |
| Insurance | $26,474 |
| All other expenses | $0 |
| Total functional expenses | $3,192,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,478 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $486,063 |
| 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 | $319 |
| Net Land, buildings, and equipment | $602,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,299,306 |
| Accounts payable and accrued expenses | $458,040 |
| 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 | $0 |
| Total liabilities | $458,040 |
| Net assets without donor restrictions | $128,020 |
| Net assets with donor restrictions | $713,246 |
| 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 | $1,299,306 |