Texas Chemical Council Inc
- Assets
- $6.6m
- Revenue
- $5.2m
- Investments
- $49.0k
- Employees
- 14
- Location
- Austin, TX
- Founding
- 01/1991
- Data as of
- 11/2023
- EIN
- 74-2540988
Organization Overview
Texas Chemical Council Inc is located in Austin, TX. The organization was established in 1991. 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. As of 11/2023, Texas Chemical Council Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Chemical Council 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 11/2023, Texas Chemical Council Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $4.6m during the year ending 11/2023. While expenses have increased by 6.5% per year over the past 8 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
TCC IS ORGANIZED AND OPERATED TO SERVE MEMBERS EFFECTIVELY IN CREATING A GLOBALLY COMPETITIVE ENVIRONMENT FOR THE CHEMICAL INDUSTRY IN TEXAS IN A MANNER THAT IS POSITIVE FOR THE STATE AND ITS PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TCC REPRESENTED THE TEXAS CHEMICAL INDUSTRY IN MANY IMPORTANT AREAS SUCH AS ENVIRONMENTAL PROTECTION, HEALTH AND SAFETY ISSUES, TORT REFORM, AND ENERGY POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hector Rivero President & CEO | Officer | 40 | $605,989 |
Christopher Noonan Dir Of Gov Affairs | 40 | $162,525 | |
Caroline Espinosa Dir Of Communic | 40 | $135,417 | |
Shea Pearson General Counsel | 40 | $97,167 | |
Sabrina Schwertner Dir Of Tca & Mtgs | 40 | $101,275 | |
Jaida Langston COO | 40 | $92,839 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bill Messer Pc Legislative Consult | 11/29/21 | $125,454 |
Gavin Massingill Legislative Consult | 11/29/21 | $120,000 |
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 | $271,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,561 |
| Total Program Service Revenue | $4,386,870 |
| Investment income | $142,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $108,393 |
| Net Gain/Loss on Asset Sales | $7,654 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,244,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $622,944 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,329,849 |
| Pension plan accruals and contributions | $95,907 |
| Other employee benefits | $138,670 |
| Payroll taxes | $116,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,146 |
| Fees for services: Accounting | $13,853 |
| Fees for services: Lobbying | $245,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,170 |
| Advertising and promotion | $0 |
| Office expenses | $54,241 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $219,656 |
| Travel | $178,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $784,803 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,755 |
| Insurance | $23,829 |
| All other expenses | $53,005 |
| Total functional expenses | $4,567,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $581,734 |
| Savings and temporary cash investments | $1,887,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,040 |
| 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 | $1,228,626 |
| Investments—publicly traded securities | $2,853,009 |
| Investments—other securities | $49,031 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,633,024 |
| Accounts payable and accrued expenses | $279,437 |
| Grants payable | $0 |
| Deferred revenue | $145,595 |
| 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 | $54,346 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $479,378 |
| Net assets without donor restrictions | $6,153,646 |
| 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 | $6,633,024 |