Heart Of Texas Builders Association
- Assets
- $208.4k
- Revenue
- $663.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Waco, TX
- Founding
- 12/1979
- Data as of
- 12/2022
- EIN
- 74-1554747
Organization Overview
Heart Of Texas Builders Association is located in Waco, TX. The organization was established in 1979. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Heart Of Texas Builders Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of Texas Builders 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 12/2022, Heart Of Texas Builders Association generated $663.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $652.7k during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 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
ENHANCE COMMUNITY IMPROVEMENT AND AWARENESS THROUGH CIVIC PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETING EDUCATIONAL, SOCIAL, AND TECHNICAL NEEDS OF BUILDERS IN THE CENTRAL TEXAS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Vinzant Executive Of | Officer | 40 | $85,634 |
John Alexander Board Member | Trustee | $0 | |
Brad Alford Hotba Life D | Trustee | $0 | |
Paula Barron Boardmember | Trustee | $0 | |
Jonathan Barrow President | Trustee | $0 | |
Jordan Barry Treasurer | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,833 |
| 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 | $68,833 |
| Total Program Service Revenue | $593,939 |
| Investment income | $333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500 |
| 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 | $663,605 |
| 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. | $85,634 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,538 |
| Pension plan accruals and contributions | $7,582 |
| Other employee benefits | $0 |
| Payroll taxes | $9,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,499 |
| Office expenses | $10,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,458 |
| Travel | $2,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,842 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,799 |
| Insurance | $12,002 |
| All other expenses | $36,073 |
| Total functional expenses | $652,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,424 |
| Savings and temporary cash investments | $75,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,173 |
| Net Land, buildings, and equipment | $62,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,413 |
| Accounts payable and accrued expenses | $4,016 |
| Grants payable | $0 |
| Deferred revenue | $40,525 |
| 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 | $20,262 |
| Total liabilities | $64,803 |
| Net assets without donor restrictions | $0 |
| 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 | $62,250 |
| Retained earnings, endowment, accumulated income, or other funds | $81,360 |
| Total liabilities and net assets/fund balances | $208,413 |