Texas Chemical Council Inc
- Assets
- $4.6m
- Revenue
- $2.7m
- Investments
- $144.7k
- Employees
- 10
- Location
- Austin, TX
- Founding
- 01/1991
- Data as of
- 11/2021
- 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 11/2021, Texas Chemical Council Inc employed 10 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 11/2021, Texas Chemical Council Inc generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.6m during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 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
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 | $464,912 |
Sam Gammage General Counsel | 40 | $178,025 | |
Christopher Noonan Dir Of Gov Affairs | 40 | $111,667 | |
Chris Witte Chair | OfficerTrustee | 2 | $0 |
Darren Collins Vice Chair | OfficerTrustee | 2 | $0 |
Ted Grabowski Treasurer | OfficerTrustee | 2 | $0 |
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 | $237,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,550 |
| Total Program Service Revenue | $2,058,747 |
| Investment income | $44,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,874 |
| Net Gain/Loss on Asset Sales | $37,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,728,496 |
| 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. | $468,058 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $784,523 |
| Pension plan accruals and contributions | $58,092 |
| Other employee benefits | $97,664 |
| Payroll taxes | $64,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,341 |
| Fees for services: Accounting | $20,347 |
| Fees for services: Lobbying | $245,454 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,781 |
| Advertising and promotion | $0 |
| Office expenses | $67,144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,308 |
| Travel | $163,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,686 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,491 |
| Insurance | $21,283 |
| All other expenses | $21,278 |
| Total functional expenses | $2,554,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $731,217 |
| Savings and temporary cash investments | $1,318,863 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,067 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $776,226 |
| Investments—publicly traded securities | $1,638,242 |
| Investments—other securities | $144,728 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,624,343 |
| Accounts payable and accrued expenses | $320,674 |
| Grants payable | $0 |
| Deferred revenue | $43,850 |
| 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 | $364,524 |
| Net assets without donor restrictions | $4,259,819 |
| 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 | $4,624,343 |
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