Texas Land Title Association Inc
- Assets
- $5.5m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Austin, TX
- Founding
- 07/1962
- Data as of
- 06/2022
- EIN
- 74-1361102
Organization Overview
Texas Land Title Association Inc is located in Austin, TX. The organization was established in 1962. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 06/2022, Texas Land Title Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Land Title Association 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 06/2022, Texas Land Title Association Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 5.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE REGULATORY AND LEGISLATIVE ADVOCACY TO THE TITLE INSURANCE INDUSTRY IN TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS LAND TITLE ASSOCIATION IS THE PREMIER CONTINUING EDUCATION PROVIDER FOR TEXAS TITLE INSURANCE PROFESSIONALS. IN KEEPING WITH OUR MISSION TO PROVIDE THE LATEST INDUSTRY EDUCATION, WE OFFER A VARIETY OF PROGRAMS INCLUDING: IN-PERSON SEMINARS, AN ANNUAL CONFERENCE, WEBINARS, TELECONFERENCES, ONLINE VIDEOS IN ADDITION TO ONLINE, SELF-PACED COURSES. TLTA EDUCATED OVER 9,000 INDIVIDUALS THROUGH THESE PROGRAMS.
IN KEEPING WITH OUR MISSION TO GATHER AND DISSEMINATE INFORMATION, TLTA KEEPS THE MEMBERSHIP INFORMED THROUGH A VARIETY OF ELECTRONIC PUBLICATIONS EMAILED TO OVER 15,000 MEMBERS REGULARLY. ADDITIONALLY, IT MAINTAINS A COMPREHENSIVE WEBSITE CONTAINING NEWS AND RESOURCES FOR TITLE PROFESSIONALS AND OTHER SETTLEMENT SERVICE PROVIDERS AS WELL AS INFORMATION AND RESOURCES FOR CONSUMERS. TLTA PUBLISHES A MEMBERSHIP DIRECTORY AS WELL AS THE TEXAS TITLE INSURANCE BASIC MANUAL WHICH CONTAINS ALL LAWS AND REGULATIONS GOVERNING THE PRACTICE OF TITLE INSURANCE IN TEXAS AND HAS CIRCULATION OF 12,500. BOTH PUBLICATIONS ARE AVAILABLE IN PRINTED AND ONLINE FORMATS. ADDITIONALLY, TLTA CARRIES OUT A NUMBER OF PUBLIC SERVICE AND PUBLIC RELATIONS EFFORTS INCLUDING A PARTNERSHIP GRANT WITH THE TEXAS HISTORICAL COMMISSION TO MAINTAIN RESTORED COURTHOUSES.
TLTA REPRESENTS ITS MEMBERS THROUGH A COMPREHENSIVE GOVERNMENT AFFAIRS PROGRAM AT BOTH THE STATE AND FEDERAL LEVELS. THIS PROGRAM INCLUDES SUPPORTING THE TITLE INDUSTRY IN REGULATORY MATTERS AT THE TEXAS DEPARTMENT OF INSURANCE AND OTHER STATE AGENCIES, LEGISLATIVE ISSUES AT THE TEXAS LEGISLATURE, REGULATORY AND LEGISLATIVE MATTERS AT THE FEDERAL LEVEL, AS WELL AS ANY DEVELOPMENTS WITHIN THE JUDICIAL BRANCH. ADDITIONALLY, TLTA SERVES AS A VOICE AND PROVIDES A FORUM FOR DISCUSSION AND COLLABORATION WITH RELATED INDUSTRY GROUPS, MEMBERS OF THE COMMUNITY AND OTHER APPROPRIATE PARTIES IN ORDER TO ADDRESS ANY ISSUES OF COMMON CONCERN.
TLTA LAUNCHED A PROFESSIONAL CERTIFICATION PROGRAM THAT PROVIDES A FORMAT FOR TEXAS TITLE INSURANCE PROFESSIONALS TO DEMONSTRATE THEIR KNOWLEDGE; ENHANCE PROFESSIONALISM OF THE INDUSTRY; AND ASSIST EMPLOYERS IN THEIR SEARCH FOR QUALIFIED JOB CANDIDATES. EACH OF THE THREE AVAILABLE DESIGNATIONS REPRESENT A MEASURE OF ACHIEVEMENT AND PROFICIENCY IN THE TEXAS TITLE INSURANCE INDUSTRY & PROVIDES A PATHWAY FOR CAREER DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Midgley Executive VP | Officer | 40 | $350,000 |
Aaron Daniel Day Dir. Of Gov't Affairs | Officer | 40 | $270,000 |
Linda Timmons Dir. Of Marketing & Comm | 40 | $132,500 | |
Lynne Daves Dir Of Education & Meetings | 40 | $112,983 | |
Michael DE La Rosa Dir Of Operations & Tech | 40 | $112,500 | |
John Updegraff Jr President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Focused Advocacy Government Relations | 6/29/21 | $121,450 |
1717 W 6th Street Tx Llc Rent | 6/29/21 | $212,652 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,788,649 |
| Investment income | $97,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $108,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,018,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,750 |
| Grants and other assistance to domestic individuals. | $800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $640,060 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $825,830 |
| Pension plan accruals and contributions | $89,028 |
| Other employee benefits | $111,826 |
| Payroll taxes | $92,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,785 |
| Fees for services: Accounting | $12,503 |
| Fees for services: Lobbying | $478,844 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,216 |
| Fees for services: Other | $6,299 |
| Advertising and promotion | $0 |
| Office expenses | $232,558 |
| Information technology | $95,739 |
| Royalties | $0 |
| Occupancy | $264,776 |
| Travel | $88,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,100,985 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,408 |
| Insurance | $12,489 |
| All other expenses | $0 |
| Total functional expenses | $4,143,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,717 |
| Savings and temporary cash investments | $28,351 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,377 |
| 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 | $6,759 |
| Net Land, buildings, and equipment | $42,786 |
| Investments—publicly traded securities | $5,231,601 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,518,591 |
| Accounts payable and accrued expenses | $469,444 |
| Grants payable | $0 |
| Deferred revenue | $834,608 |
| 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 | $1,304,052 |
| Net assets without donor restrictions | $4,214,539 |
| 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 | $5,518,591 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Assoc Of Professional Landmen Inc Fort Worth, TX | $45,737,646 | $6,130,751 |
New Mexico Association Of Soil And Water Conservation Districts Carlsbad, NM | $948,917 | $5,349,942 |
Texas Land Title Association Inc Austin, TX | $5,518,591 | $5,018,963 |
Association Of Water Board Directors Incorporated Houston, TX | $3,716,575 | $2,091,965 |
Texas Econmic Development Council Inc Austin, TX | $1,628,241 | $1,677,100 |
East Shore Community Association Katy, TX | $897,223 | $2,156,507 |
Oklahoma Association Of Conservation Districts Incorporate Oklahoma City, OK | $148,116 | $646,037 |
Texas Floodplain Managementassociation Leander, TX | $919,241 | $920,514 |
Big Bend Natural History Association Inc Big Bend National Park, TX | $1,018,341 | $626,230 |
Gulf Coast Cogeneration Association Inc Cedar Park, TX | $712,895 | $742,778 |
Texas Mining And Reclamation Association Cedar Park, TX | $322,089 | $414,185 |
North American Process Technology Alliance Napta Deer Park, TX | $445,016 | $355,825 |