Gulf Coast Trades Center
- Assets
- $3.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 115
- Location
- New Waverly, TX
- Founding
- 03/1973
- Data as of
- 08/2022
- EIN
- 74-1694949
Organization Overview
Gulf Coast Trades Center is located in New Waverly, TX. The organization was established in 1973. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 08/2022, Gulf Coast Trades Center employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast Trades Center 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 08/2022, Gulf Coast Trades Center generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $4.8m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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 RESIDENTIAL AND VOCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARTERED PURPOSE IS TO PROMOTE AND CONDUCT EDUCATIONAL SERVICES, PARTICULARLY VOCATIONAL SKILL TRAINING COUPLED WITH OTHER SERVICES INCLUDING COUNSELING IN RESIDENTIAL SETTINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Munoz Program Dire | Officer | 40 | $78,129 |
Dr Dale Underwood Executive Di | Officer | 40 | $67,682 |
Marilu Ballow Chairperson | Trustee | 1 | $0 |
Scott Buzbee Member | Trustee | 1 | $0 |
Ken Tarpey Vice Chairpe | Trustee | 1 | $0 |
Celestine Harris Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,780,969 |
| All other contributions, gifts, grants, and similar amounts not included above | $879,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,660,159 |
| Total Program Service Revenue | $0 |
| Investment income | $1,061 |
| 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 | $4,661,220 |
| 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. | $145,811 |
| Compensation of current officers, directors, key employees. | $145,811 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,441,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $242,632 |
| Payroll taxes | $209,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $487,138 |
| Advertising and promotion | $0 |
| Office expenses | $2,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,268 |
| Travel | $28,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $187,040 |
| Insurance | $189,589 |
| All other expenses | $112,567 |
| Total functional expenses | $4,798,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,582 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $203,476 |
| Accounts receivable, net | $691,923 |
| 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 | $4,770 |
| Net Land, buildings, and equipment | $2,302,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,594,934 |
| Accounts payable and accrued expenses | $1,255,552 |
| 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 | $129,518 |
| Other liabilities | $0 |
| Total liabilities | $1,385,070 |
| Net assets without donor restrictions | $2,209,864 |
| 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 | $3,594,934 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gulf Coast Trades Center has recieved totaling $72,555.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Houston Houston, TX PURPOSE: General Support | $72,493 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American University Stafford, TX | $17,187,030 | $12,287,470 |
Genesys Works Houston, TX | $3,513,316 | $7,886,001 |
Agape Development Ministries Houston, TX | $5,335,198 | $3,787,112 |
Gulf Coast Trades Center New Waverly, TX | $3,594,934 | $4,661,220 |
Rgr Industries Inc Weslaco, TX | $113,711 | $4,345,199 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
The Texas International Institute Of Health Professions Houston, TX | $1,051,100 | $3,423,750 |
Gulf Coast Safety Council St Rose, LA | $8,585,164 | $3,314,134 |
Leaders In Education Houston, TX | $4,759,065 | $5,189,161 |
New Orleans Career Center New Orleans, LA | $1,143,787 | $3,091,199 |
Valley Grande Institute For Academic Studies Weslaco, TX | $6,074,695 | $3,497,097 |
New Mexico Pipe Trades Joint Apprenticeship Fund Albuquerque, NM | $5,396,358 | $2,206,148 |