Texas Rural Communities Inc
- Assets
- $9.6m
- Revenue
- $421.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Buda, TX
- Founding
- 09/1965
- Data as of
- 06/2024
- EIN
- 75-1172307
Organization Overview
Texas Rural Communities Inc is located in Buda, TX. The organization was established in 1965. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Texas Rural Communities Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Rural Communities 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 06/2024, Texas Rural Communities Inc generated $421.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $443.2k during the year ending 06/2024. While expenses have increased by 0.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TEXAS RURAL COMMUNITIES, INC (TRC) MAKES A LONG-TERM COMMITMENT TO ASSISTING RURAL COMMUNITIES, INDIVIDUALS, GROUPS AND SUPPORT ORGANIZATIONS IN CREATING, SUSTAINING AND ENABLING SELF-SUFFICIENT, VIABLE RURAL DEVELOPMENT ENTERPRISES THAT IMPROVE OR MAINTAIN THE QUALITY OF RURAL LIFE, THROUGH INDEPENDENT AND COOPERATIVE VENTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL DEVELOPMENT LOANS - LOANS ARE MADE TO RURAL BUSINESSES IN DEFINED PROGRAM AREAS THAT MEET CRITERIA ESTABLISHED BY THE BOARD OF DIRECTORS LOANS FOR THE ACQUISITION OF FARM AND RANCH REAL ESTATE HAVE BEEN MADE INDEPENDENTLY BY TRC TO THE AGRICULTURAL PRODUCER AND ALSO IN COOPERATION WITH THE FARM SERVICE AGENCY (FSA) IN THESE PARTICIPATION LOANS, TRC FUNDS APPROXIMATELY HALF OF THE BORROWERS LOAN AND RECEIVES FIRST LIEN ON THE REAL ESTATE WITH THE FSA FUNDING THE REMAINING LOAN AND RECEIVING A SUBORDINATE LIEN.
GRANTS AND CONTRIBUTION PROGRAMS - GRANTS AND CONTRIBUTIONS ARE MADE TO ASSIST RURAL COMMUNITIES, INDIVIDUALS, GROUPS, AND SUPPORT ORGANIZATIONS IN CREATING, SUSTAINING, AND ENABLING SELF-SUFFICIENT, VIABLE RURAL DEVELOPMENTS THAT IMPROVE OR MAINTAIN THE QUALITY OF RURAL LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Loe Chair | OfficerTrustee | 1 | $0 |
Greg A Akins Vice Chair | OfficerTrustee | 1 | $0 |
Alfredo Chaparro Secretary | OfficerTrustee | 1 | $0 |
Socorro Espinoza Director | Trustee | 1 | $0 |
Brad Hill Director | Trustee | 1 | $0 |
Frederick Newhouse Director | Trustee | 1 | $0 |
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 | $85,636 |
| Investment income | $209,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $124,320 |
| 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 | $421,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,000 |
| 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. | $69,329 |
| Compensation of current officers, directors, key employees. | $31,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,475 |
| Pension plan accruals and contributions | $2,319 |
| Other employee benefits | $16,997 |
| Payroll taxes | $8,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,643 |
| Fees for services: Other | $28,071 |
| Advertising and promotion | $0 |
| Office expenses | $12,102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,193 |
| Travel | $1,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,255 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,828 |
| Insurance | $21,233 |
| All other expenses | $0 |
| Total functional expenses | $443,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $426,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,888 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,148,263 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,642 |
| Net Land, buildings, and equipment | $386,512 |
| Investments—publicly traded securities | $7,600,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,720 |
| Total assets | $9,582,564 |
| Accounts payable and accrued expenses | $5,258 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,720 |
| Total liabilities | $9,978 |
| Net assets without donor restrictions | $9,455,586 |
| Net assets with donor restrictions | $117,000 |
| 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 | $9,582,564 |
Grants Awarded
Over the last fiscal year, Texas Rural Communities Inc has awarded $13,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VOLUNTEERS TO SERVICE OF OTHERS PURPOSE: GRANT | $7,000 |
BURTON BRIDGE MINISTRY PURPOSE: GRANT | $6,200 |