Texas Self Storage Association Inc
- Assets
- $4.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Round Rock, TX
- Founding
- 12/1986
- Data as of
- 12/2023
- EIN
- 74-2427590
Organization Overview
Texas Self Storage Association Inc is located in Round Rock, TX. The organization was established in 1986. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Texas Self Storage Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Self Storage 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 12/2023, Texas Self Storage Association Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 6 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 PROMOTE PUBLIC INFORMATION AND AWARENESS OF THE SELF STORAGE INDUSTRY WITHIN TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS A ANNUAL THREE DAY CONVENTION, FEATURING SEMINARS, A MEMBERSHIP LUNCHEON, KEYNOTE AND GENERAL SESSIONS, ALONG WITH A TRADE SHOW. THE PURPOSE OF THE EVENT IS TO PROVIDE MEMBERS AN OPPORTUNITY TO LEARN ABOUT THE INDUSTRY AND ITS LATEST DEVELOPMENTS AND ADVANCES. APPROXIMATELY 700 MEMBERS ARE SERVED BY THIS EVENT.
THE ORGANIZATION PUBLISHES A MAGAZINE SIX TIMES A YEAR. THE MAGAZINE IS SENT TO ALL MEMBERS AND THE FACILITIES THEY OPERATE. IT FEATURES ARTICLES ON VARIOUS TOPICS TO EDUCATE MEMBERS ON THE MOST PRESSING LEGAL AND OPERATIONAL ISSUES IN THE INDUSTRY. IT ALSO INCLUDES ADVERTISEMENTS FOR INDUSTRY VENDORS. ALL MEMBERS (APPROXIMATELY 3,000) AND MANY OF THEIR EMPLOYEES ARE SERVED BY THIS PUBLICATION.
TSSA PRINTS AND SELLS THE OFFICIAL TSSA LEASE AGREEMENT TO MEMBERS, WHICH IS ALSO AVAILABLE AS AN ELECTRONIC SUBSCRIPTION. MORE THAN 80 OTHER OFFICIAL FORMS ARE AVAILABLE AS FREE DOWNLOADS FOR MEMBERS VIA THE TSSA WEBSITE. AN ESTIMATED 2,100 OR MORE OF THE OWNER AND MANAGEMENT COMPANY MEMBERS USE THE OFFICIAL FORMS. ADDITIONALLY, THE ORGANIZATION PRINTS AND PUBLISHES A 400 PAGE LEGAL MANUAL (GOLDBOOK) WHICH IS DISTRIBUTED TO THE MEMBERSHIP FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Guinn President | OfficerTrustee | 1 | $0 |
Ross Pfeifer Vice President | OfficerTrustee | 1 | $0 |
John Mcafee Treasurer | OfficerTrustee | 1 | $0 |
Raheem Amer Secretary | OfficerTrustee | 1 | $0 |
Mike Meylor Immediate Past President | OfficerTrustee | 1 | $0 |
Nathan Bennett Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rigby Slack Lawrence Berger Legal | 12/30/23 | $102,000 |
Capital Printing Printing And Reproduction | 12/30/23 | $137,331 |
Trinity F&b Catering And Concessions | 12/30/23 | $125,106 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,694,122 |
| Investment income | $146,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,182 |
| 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 | $2,847,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,092 |
| 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. | $345,856 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $485,037 |
| Pension plan accruals and contributions | $57,396 |
| Other employee benefits | $116,289 |
| Payroll taxes | $63,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,000 |
| Fees for services: Accounting | $10,575 |
| Fees for services: Lobbying | $72,964 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,888 |
| Office expenses | $70,998 |
| Information technology | $106,437 |
| Royalties | $0 |
| Occupancy | $3,974 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $672,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,415 |
| Insurance | $3,511 |
| All other expenses | $0 |
| Total functional expenses | $2,399,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,925 |
| Savings and temporary cash investments | $1,233,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,992 |
| Prepaid expenses and deferred charges | $39,117 |
| Net Land, buildings, and equipment | $284,181 |
| Investments—publicly traded securities | $2,640,072 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,818 |
| Total assets | $4,278,752 |
| Accounts payable and accrued expenses | $272,032 |
| Grants payable | $0 |
| Deferred revenue | $574,690 |
| 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 | $846,722 |
| Net assets without donor restrictions | $3,432,030 |
| 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 | $4,278,752 |