Texas Panhandle Builders Assn
- Assets
- $943.4k
- Revenue
- $467.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Amarillo, TX
- Founding
- 02/1969
- Data as of
- 12/2021
- EIN
- 75-0949942
Organization Overview
Texas Panhandle Builders Assn is located in Amarillo, TX. The organization was established in 1969. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Texas Panhandle Builders Assn employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Panhandle Builders Assn 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 12/2021, Texas Panhandle Builders Assn generated $467.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $326.0k during the year ending 12/2021. 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
PROMOTION AND EDUCATION IN THE AREA OF HOME BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECTORY - COMPILATION OF MEMBERS AND SERVICES OFFERED BY VARIOUS CONTRACTORS AND SUBCONTRACTORS. DISTRIBUTED TO ALL MEMBERS AND ASSOCIATES.
NEWSLETTER - DISTRIBUTED MONTHLY TO MEMBERS AND ASSOCIATES. PROMOTES NEWS AND ADVERTISING CONCERNING THE AREA'S BUILDING ENVIRONMENT.
PARADE - ANNUAL SHOWCASE OF NEWLY CONSTRUCTED HOMES TO EDUCATE AND INFORM THE PUBLIC ON THE NEWEST INNOVATIONS USED BY THE CONSTRUCTION INDUSTRY.
VARIOUS - MONTHLY MEETINGS FEATURING SPEAKERS AND SEMINARS ON SUBJECTS SUCH AS OSHA UPDATES AND LEADERSHIP CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jt Laramore Executive Officer | Officer | 40 | $57,547 |
Raymond Roberts Immediate Past President | OfficerTrustee | 2 | $0 |
Chance Beasley President | OfficerTrustee | 2 | $0 |
Brennan Connally 1st Vice President | OfficerTrustee | 2 | $0 |
Mirna Fewell 2nd Vice President | OfficerTrustee | 2 | $0 |
Ross Macon Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,541 |
| 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 | $21,541 |
| Total Program Service Revenue | $297,036 |
| Investment income | $26,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $122,785 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $57,547 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $33,163 |
| Other employee benefits | $12,650 |
| Payroll taxes | $8,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,006 |
| Advertising and promotion | $1,731 |
| Office expenses | $16,310 |
| Information technology | $7,157 |
| Royalties | $0 |
| Occupancy | $11,947 |
| Travel | $30,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,275 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342 |
| Insurance | $3,606 |
| All other expenses | $15,785 |
| Total functional expenses | $326,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,056 |
| Savings and temporary cash investments | $305,140 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,909 |
| 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 | $2,586 |
| Net Land, buildings, and equipment | $3,326 |
| Investments—publicly traded securities | $140,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $352,406 |
| Total assets | $943,433 |
| Accounts payable and accrued expenses | $4,421 |
| Grants payable | $0 |
| Deferred revenue | $41,795 |
| 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 | $351,406 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $397,622 |
| Net assets without donor restrictions | $405,801 |
| Net assets with donor restrictions | $140,010 |
| 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 | $943,433 |
Endowment Analysis
| Beg. Balance | $119,090 |
| Earnings | $25,920 |
| Grants | $5,000 |
| Ending Balance | $140,010 |