Texas Public Power Association
- Assets
- $675.3k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Austin, TX
- Founding
- 12/1980
- Data as of
- 07/2021
- EIN
- 74-2103417
Organization Overview
Texas Public Power Association is located in Austin, TX. The organization was established in 1980. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 07/2021, Texas Public Power Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Public Power Association 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 07/2021, Texas Public Power Association generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.1m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC POWER TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FACILITATES COOPERATION AMOUNG MEMBER UTILITY SYSTEMS; ASSISTS IN SOLUTIONS FOR INDUSTRY PROBLEMS; PROMOTES EXCHANGE OF INDUSTRY IDEAS; RESOURCE CENTER FOR RESEARCH AND TECHNICAL EXPERTISE.
THE ORGANIZATION DEVELOPS PUBLIC AWARENESS EDUCATIONAL PROGRAMS RELATED TO THE CONTINUING IMPORTANCE OF PUBLIC POWER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell T Keene Executive Dir. | Officer | 40 | $268,404 |
Debra Scarbo Operations Mgr | Officer | 40 | $174,954 |
Michael Wittler Pe President Elect | OfficerTrustee | 1 | $0 |
Ian Taylor Vice President | OfficerTrustee | 1 | $0 |
Alicia Hooks President | OfficerTrustee | 1 | $0 |
Kent Myers Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$58 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,159,655 |
| 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. | $482,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,475 |
| Pension plan accruals and contributions | $2,891 |
| Other employee benefits | $8,955 |
| Payroll taxes | $31,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,725 |
| Advertising and promotion | $0 |
| Office expenses | $71,186 |
| Information technology | $5,319 |
| Royalties | $0 |
| Occupancy | $91,827 |
| Travel | $9,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150,586 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,533 |
| Insurance | $1,564 |
| All other expenses | $0 |
| Total functional expenses | $1,114,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,646 |
| Savings and temporary cash investments | $610,710 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $675,330 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $675,330 |
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