Texas Navy Inc
- Assets
- $77.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 02/1973
- EIN
- 74-1736182
Organization Overview
Texas Navy Inc is located in Galveston, TX. The organization was established in 1973. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Navy Inc 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 undefined, Texas Navy Inc generated $28.7k 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 (23.7%) each year. All expenses for the organization totaled $29.9k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
PROJECTS AND EVENTS RELATED TO THE PRESEVATION AND PROMOTION OF HISTORY OF THE TEXAS NAVY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hatch President | 4 | $0 | |
Marisa Hegyesi Secretary | 4 | $0 | |
Chester Barnes Director | 1 | $0 | |
Richard Dempsey Vice Preside | 4 | $0 | |
Ronald Brown Director | 1 | $0 | |
Jeff Corbin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,950 |
| Total Program Service Revenue | $0 |
| Membership dues | $13,180 |
| Investment income | $58 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,713 |
| Statement of Expenses | |
|---|---|
| Total expenses | $29,873 |
| Balance Sheet | |
|---|---|
| Total assets | $77,503 |
| Total liabilities | $6,689 |
| Net assets or fund balances | $70,814 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Of Foreign Wars Of The United States Dept Of Texas Austin, TX | $10,604,149 | $6,677,704 |
Louisiana National Guard Foundation New Orleans, LA | $5,835,401 | $6,505,889 |
Military Wellness Initiative Dallas, TX | $2,428,709 | $3,600,000 |
American Legion Clovis, NM | $323,823 | $3,104,581 |
Combat Marine Outdoors Inc Houston, TX | $1,866,228 | $2,870,312 |
American Legion Clovis, NM | $235,874 | $1,801,640 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Copperas Cve, TX | $546,071 | $1,909,310 |
American Legion Austin, TX | $7,412,004 | $1,863,301 |
Wish For Our Heroes Inc San Antonio, TX | $1,716,093 | $1,811,976 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Georgetown, TX | $401,147 | $1,318,650 |
Nextop Inc Houston, TX | $488,854 | $1,385,969 |
Armed Forces Communications And Electronics Association Austin, TX | $1,822,734 | $1,458,339 |