Texas Press Association
- Assets
- $5.0m
- Revenue
- $406.6k
- Investments
- $1.0k
- Employees
- 6
- Location
- Austin, TX
- Founding
- 11/1957
- Data as of
- 05/2024
- EIN
- 74-1084462
Organization Overview
Texas Press Association is located in Austin, TX. The organization was established in 1957. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2024, Texas Press Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Press Association 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 05/2024, Texas Press Association generated $406.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $759.2k during the year ending 05/2024. 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
PROMOTING AND PRESERVING THE FUTURE OF TEXAS NEWSPAPERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION, REGIONAL CONVENTIONS, THE BETTER NEWSPAPER CONTEST AND OTHER MEETING OF MEMBERS TO PROVIDE EDUCATIONAL SEMINARS TO MEMBERS.
GOVERNMENT AFFAIRS AND LEGISLATIVE SUPPORT TO MEMBERS TO PROMOTE AND PROTECT THE INTERESTS OF THE NEWSPAPERS IN THE STATE OF TEXAS.
PUBLICATIONS INCLUDING THE TPA E-BULLETIN AND THE WINNERS CIRCLE WHICH PROVIDE KEY INFORMATION TO OUR MEMBERS.
EDUCATIONAL EFFORTS INCLUDE A COMPUTER LAB & ONLINE TRAINING, REGIONAL WORKSHOPS AND SALES TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Cooke President | OfficerTrustee | 1 | $0 |
Bill Patterson 1st Vice President | OfficerTrustee | 1 | $0 |
Lisa Chappel 2nd Vice President | OfficerTrustee | 1 | $0 |
Leonard Woolsey Chairman | OfficerTrustee | 1 | $0 |
Yvonne Mintz Treasurer | OfficerTrustee | 1 | $0 |
Micheal Hodges Executive Director | OfficerTrustee | 40 | $39,525 |
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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $211,192 |
| Investment income | $155,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,233 |
| 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 | $10,917 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,638 |
| 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. | $204,614 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,968 |
| Pension plan accruals and contributions | $15,768 |
| Other employee benefits | $17,191 |
| Payroll taxes | $24,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,475 |
| Fees for services: Lobbying | $78,618 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,767 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,039 |
| Information technology | $15,615 |
| Royalties | $0 |
| Occupancy | $31,281 |
| Travel | $909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $173,264 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,968 |
| Insurance | $3,768 |
| All other expenses | $2,821 |
| Total functional expenses | $759,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,573 |
| Savings and temporary cash investments | $302,865 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,035 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,238 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $873,023 |
| Investments—publicly traded securities | $3,613,502 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,956,236 |
| Accounts payable and accrued expenses | $331,928 |
| Grants payable | $0 |
| Deferred revenue | $83,712 |
| 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 | $6,106 |
| Total liabilities | $421,746 |
| Net assets without donor restrictions | $4,534,490 |
| 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 | $4,956,236 |