Texas Retired Teachers Association
- Assets
- $11.9m
- Revenue
- $5.9m
- Investments
- $3.2m
- Employees
- 16
- Location
- Austin, TX
- Founding
- 11/1999
- Data as of
- 06/2021
- EIN
- 51-0141585
Organization Overview
Texas Retired Teachers Association is located in Austin, TX. The organization was established in 1999. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Texas Retired Teachers Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Retired Teachers Association 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 06/2021, Texas Retired Teachers Association generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $4.7m during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 6 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
WELL-BEING OF RETIRED SCHOOL PERSONNEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE ECONOMIC, INTELLECTUAL, AND SOCIAL WELL-BEING OF RETIRED TEACHERS AND OTHER PUBLIC SCHOOLS EMPLOYEES
PROMOTE THE ECONOMIC, INTELLECTUAL, AND SOCIAL WELL-BEING OF RETIRED TEACHERS AND OTHER PUBLIC SCHOOLS EMPLOYEES THROUGH THE LOCAL AND DISTRICT UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Lee Executive Director | Officer | 30 | $348,675 |
Rosalind Johnson Deputy Director | Officer | 40 | $107,432 |
Leroy Dehaven President | OfficerTrustee | 18 | $0 |
Particia Macias Past President | OfficerTrustee | 18 | $0 |
Frana Patterson Sec/treas | OfficerTrustee | 18 | $0 |
Marcy Cann 1st Vp/membership | OfficerTrustee | 18 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Horizon Printing Printing Services | 6/29/21 | $208,160 |
Pitney Bowes Purchase Power Postage | 6/29/21 | $131,926 |
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 | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $5,343,321 |
| Investment income | $87,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $279,443 |
| Net Rental Income | $131,070 |
| 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 | $5,873,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,456 |
| 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. | $590,178 |
| Compensation of current officers, directors, key employees. | $71,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $651,921 |
| Pension plan accruals and contributions | $53,644 |
| Other employee benefits | $141,128 |
| Payroll taxes | $82,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130,102 |
| Fees for services: Accounting | $53,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,334 |
| Advertising and promotion | $32 |
| Office expenses | $83,906 |
| Information technology | $127,214 |
| Royalties | $0 |
| Occupancy | $349,891 |
| Travel | $46,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,351 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,095 |
| Insurance | $53,723 |
| All other expenses | $52,552 |
| Total functional expenses | $4,727,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,333 |
| Savings and temporary cash investments | $3,934,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,191 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $378,342 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $138,826 |
| Net Land, buildings, and equipment | $438,539 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,171,366 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,524,968 |
| Total assets | $11,866,847 |
| Accounts payable and accrued expenses | $176,083 |
| Grants payable | $0 |
| Deferred revenue | $1,102,465 |
| 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 | $91,728 |
| Total liabilities | $1,370,276 |
| Net assets without donor restrictions | $10,496,571 |
| 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 | $11,866,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Onestar Foundation Austin, TX | $2,630,311 | $19,496,828 |
Las Colinas Association Irving, TX | $32,652,078 | $16,281,459 |
Downtown Fort Worth Inc Fort Worth, TX | $1,699,002 | $9,582,702 |
Texas Retired Teachers Association Austin, TX | $11,866,847 | $5,873,069 |
Childrens Charity Houston, TX | $1,357,156 | $4,121,015 |
Pine-Belt Multi-Purpose Community Action Agency Incorporated Jonesboro, LA | $579,272 | $3,229,420 |
Georgetown Caring Place Georgetown, TX | $4,842,347 | $3,321,334 |
The Onestar Foundation Austin, TX | $2,465,909 | $3,375,276 |
Saheli Austin, TX | $538,210 | $2,600,715 |
Friendship Of Women Brownsville, TX | $941,053 | $2,402,279 |
Greater Waco Collective Impact Initiative Waco, TX | $1,049,789 | $1,541,441 |
Day Resource Center For The Homeless Fort Worth, TX | $352,912 | $2,190,663 |