Texas Music Educators Association Inc
- Assets
- $10.3m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Austin, TX
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 75-1039291
Organization Overview
Texas Music Educators Association Inc is located in Austin, TX. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Texas Music Educators Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Music Educators Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Texas Music Educators Association Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF MUSIC EDUCATION IN TEXAS
Describe the Organization's Program Activity:
ANNUAL CONVENTION TO PROVIDE PROFESSIONAL DEVELOPMENT FOR TEACHERS IN ATTENDANCE AND TO PROVIDE VENUE TO SHOWCASE OUTSIDE MUSIC PROGRAMS ACROSS THE STATE AND RECOGNIZE ALL-STATE HIGH SCHOOL MUSICIANS.
REGION AND AREA ACTIVITIES AND MEETINGS INCLUDING SPONSORING THE ALL-REGION AND ALL-STATE STUDENT AUDITION PROCESS
PUBLISHED THE SOUTHWESTERN MUSICIAN MONTHLY TO PROVIDE ASSOCIATION INFORMATION TO ALL MEMBERS ALONG WITH INSTRUCTIONAL- RELATED ARTICLES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Floyd Executive Director | OfficerTrustee | 40 | $160,526 |
Frank Coachman Deputy Director | Officer | 40 | $155,275 |
Michael Stringer President | OfficerTrustee | 5 | $0 |
John Carroll Past President | OfficerTrustee | 5 | $0 |
Dana Pradevand-Sedatole President-Elect | OfficerTrustee | 5 | $0 |
Ann G Smith Orchestra Vice-President | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Insperity Employee Leasing | 6/29/15 | $156,471 |
Freeman Convention Services | 6/29/15 | $105,196 |
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 | $5,133,660 |
| Investment income | $177,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,726 |
| Net Rental Income | $0 |
| 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 | $22,197 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,351,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $803,816 |
| 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. | $393,378 |
| Compensation of current officers, directors, key employees. | $120,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $633,471 |
| Pension plan accruals and contributions | $55,847 |
| Other employee benefits | $157,743 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,378 |
| Fees for services: Lobbying | $57,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $102,306 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,649 |
| Information technology | $104,967 |
| Royalties | $0 |
| Occupancy | $136,425 |
| Travel | $90,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,188,554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,253 |
| Insurance | $19,152 |
| All other expenses | $0 |
| Total functional expenses | $6,410,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,536,594 |
| Savings and temporary cash investments | $1,056,929 |
| Pledges and grants receivable | $30 |
| Accounts receivable, net | $47,076 |
| 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 | $86,534 |
| Net Land, buildings, and equipment | $772,381 |
| Investments—publicly traded securities | $6,756,308 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,000 |
| Other assets | $0 |
| Total assets | $10,305,852 |
| Accounts payable and accrued expenses | $159,568 |
| Grants payable | $0 |
| Deferred revenue | $232,742 |
| 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 | $392,310 |
| Net assets without donor restrictions | $9,913,542 |
| 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 | $10,305,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |