The Houston Tscpa Foundation
- Assets
- $3.6m
- Revenue
- $998.9k
- Investments
- $998.4k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/1978
- Data as of
- 05/2023
- EIN
- 74-1988533
Organization Overview
The Houston Tscpa Foundation is located in Houston, TX. The organization was established in 1978. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Tscpa Foundation 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 05/2023, Houston Tscpa Foundation generated $998.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $955.5k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, INFORM, AND LEAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSTON TSCPA FOUNDATION WAS ORGANIZED IN 1978 TO PROVIDE CONTINUING PROFESSIONAL EDUCATION FOR CPAS IN HOUSTON AND THROUGHOUT TEXAS. LAST YEAR, 139 CONTINUING PROFESSIONAL EDUCATION PROGRAMS WERE OFFERED AND CPA PARTICIPANTS HAD THE OPPORTUNITY TO EARN UP TO 472 HOURS OF CPE.
THE CPAS HELPING SCHOOLS PROGRAM AND ENDOWMENT HAS BENEFITTED HUNDREDS OF SCHOOLS THROUGH CASH GRANTS AND OTHER SUPPORT.
THE ANNUAL SCHOLARSHIP EXTRAVAGANZA HAS PROVIDED OVER $1,800,000 IN SCHOLARSHIPS TO AREA ACCOUNTING STUDENTS FOR 13 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Jungen President | OfficerTrustee | 1 | $0 |
Adam Dimmick President-Elect | OfficerTrustee | 2 | $0 |
Katherine Rodriguez Treasurer | OfficerTrustee | 1 | $0 |
Brad Elgin Treasurer-Elect | OfficerTrustee | 1 | $0 |
Danielle Supkis Cheek Secretary | OfficerTrustee | 1 | $0 |
Tim Adler Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,420 |
| Related organizations | $252,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,362 |
| Total Program Service Revenue | $587,522 |
| Investment income | $67,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,951 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $998,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,646 |
| Grants and other assistance to domestic individuals. | $47,500 |
| 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 | $207,512 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $15,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,614 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,094 |
| Office expenses | $3,403 |
| Information technology | $45,856 |
| Royalties | $0 |
| Occupancy | $91,306 |
| Travel | $2,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,722 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,743 |
| Insurance | $378 |
| All other expenses | $8,539 |
| Total functional expenses | $955,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,007 |
| Savings and temporary cash investments | $227,321 |
| Pledges and grants receivable | $11,540 |
| Accounts receivable, net | $76,937 |
| 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 | $36,335 |
| Net Land, buildings, and equipment | $365,764 |
| Investments—publicly traded securities | $1,263,461 |
| Investments—other securities | $998,375 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $378,108 |
| Total assets | $3,581,848 |
| Accounts payable and accrued expenses | $220,162 |
| Grants payable | $0 |
| Deferred revenue | $54,693 |
| 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 | $787,877 |
| Total liabilities | $1,062,732 |
| Net assets without donor restrictions | $381,486 |
| Net assets with donor restrictions | $2,137,630 |
| 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 | $3,581,848 |
Grants Awarded
Over the last fiscal year, The Houston Tscpa Foundation has awarded $129,343 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE-A-WISH FOUNDATION PURPOSE: CHARITABLE DONATION | $64,665 |
CPAS HELPING SCHOOLS PURPOSE: EDUCATIONAL SUPPORT | $64,678 |