Houston Gulf Coast Area Business Roundtable
- Assets
- $707.2k
- Revenue
- $253.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Pasadena, TX
- Founding
- 07/1973
- Data as of
- 12/2023
- EIN
- 74-1919461
Organization Overview
Houston Gulf Coast Area Business Roundtable, operating under the name Houston Business Roundtable, is located in Pasadena, TX. The organization was established in 1973. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Houston Business Roundtable employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Business Roundtable 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 12/2023, Houston Business Roundtable generated $253.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $376.1k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, SHARE AND PROMOTE BEST PRACTICES THAT IMPROVE INDUSTRY PERFORMANCE IN AREAS OF SAFETY, HEALTH, ENVIRONMENT, WORKFORCE SKILLS, WORK QUALITY, PRODUCTIVITY AND COSTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSTON SAFETY EXCELLENCE AWARDS ARE ANNUALLY PRESENTED TO A CONTRACTOR OR SUBCONTRACTOR IN THE TEXAS GULF COAST AREA WHO HAS ACHIEVED AN OUTSTANDING RECORD OF ON-THE-JOB SAFETY PROMOTION AND PERFORMANCE AT A SITE OR AS A BUSINESS DURING THE YEAR COMPLETED. THE TRUE PURPOSE OF THE AWARD PROCESS IS FOR THE PARTICIPANTS TO LEARN THROUGH OBSERVING AND SHARING OF BEST PRACTICES.
HBR CONDUCTS A PROCESS MANAGEMENT SYSTEM AUDIT PROGRAM TO COMPLY WITH OSHA REGULATIONS AND STANDARDS. CONTRACT MEMBER COMPANIES UTILIZE A THIRD PARTY CONTRACTOR TO CONDUCT NON-SITE SPECIFIC AUDITS OF THEIR SAFETY PROGRAMS, THEREFORE REDUCING REDUNDANCY AND COST. THE AUDITOR PROVIDES CORRECTIVE ACTION FEEDBACK TO FACILITATE RAISING THE LEVEL OF SAFETY FOR ALL CONTRACTORS.
HBR SPONSORS MONTHLY FORUMS, SEMINARS, WORKSHOPS, AND COMMITTEE MEETINGS. THE PURPOSE OF THESE EVENTS IS TO: SHARE BEST PRACTICES AND INDUSTRY DEVELOPMENTS, DEVELOP PROGRAMS THAT DIRECTLY BENEFIT THE INDUSTRY, SHARE IDEAS TO REDUCE CONSTRUCTION AND MAINTENANCE COSTS, AND TO NETWORK AND COLLABORATE WITH PEERS ON KEY ISSUES THAT IMPACT OUR INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Wells Executive Di | 40 | $162,704 | |
Richard Bass Chairperson | Officer | $0 | |
Mike Fipps Vice Chair | Officer | $0 | |
Bruce Tylock Secretary/tr | Officer | $0 | |
Lisa Wright Member At La | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $83,025 |
| 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 | $83,025 |
| Total Program Service Revenue | $0 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $148,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,873 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,027 |
| Office expenses | $4,413 |
| Information technology | $10,655 |
| Royalties | $0 |
| Occupancy | $19,288 |
| Travel | $2,899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,372 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,494 |
| All other expenses | $8,996 |
| Total functional expenses | $376,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,914 |
| Savings and temporary cash investments | $200,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,197 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,393 |
| Total assets | $707,162 |
| Accounts payable and accrued expenses | $1,827 |
| 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 | $0 |
| Other liabilities | $433 |
| Total liabilities | $2,260 |
| Net assets without donor restrictions | $704,902 |
| 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 | $707,162 |