Texas Industrial Vocational Association Inc
- Assets
- $535.1k
- Revenue
- $519.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- 12/1975
- Data as of
- 06/2019
- EIN
- 74-1839825
Organization Overview
Texas Industrial Vocational Association Inc is located in Austin, TX. The organization was established in 1975. 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 06/2019, Texas Industrial Vocational Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Industrial Vocational 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 06/2019, Texas Industrial Vocational Association Inc generated $519.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $518.6k during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE TRADE AND INDUSTRIAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LEADERSHIP IN THE PROMOTION, ACCEPTANCE AND DEVELOPMENT OF TRADE AND INDUSTRIAL EDUCATION, INCLUDING GUIDANCE SERVICES TO YOUTHS AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Ferguson Ed | OfficerTrustee | 40 | $66,343 |
Brenda Drawdy President | OfficerTrustee | $0 | |
Bart Taylor President-El | OfficerTrustee | 1 | $0 |
Brandon Grace Secretary/tr | OfficerTrustee | 1 | $0 |
Julian Acevado Past Preside | OfficerTrustee | 1 | $0 |
Israel Cortez Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $3,310 |
| 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 | $518,971 |
| Statement of Expenses | |
|---|---|
| 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. | $66,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,049 |
| Pension plan accruals and contributions | $6,626 |
| Other employee benefits | $7,416 |
| Payroll taxes | $9,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $27,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,362 |
| Advertising and promotion | $0 |
| Office expenses | $29,090 |
| Information technology | $1,975 |
| Royalties | $0 |
| Occupancy | $22,780 |
| Travel | $24,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $221,758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,351 |
| Insurance | $27,957 |
| All other expenses | $0 |
| Total functional expenses | $518,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,243 |
| Savings and temporary cash investments | $163,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,699 |
| 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 | $4,578 |
| Investments—publicly traded securities | $102,106 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,398 |
| Total assets | $535,072 |
| Accounts payable and accrued expenses | $9,650 |
| Grants payable | $0 |
| Deferred revenue | $235,951 |
| 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 | $11,605 |
| Total liabilities | $257,206 |
| Net assets without donor restrictions | $277,866 |
| 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 |
| Total liabilities and net assets/fund balances | $277,866 |
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