Texas Association Of Developing Colleges
- Assets
- $687.3k
- Revenue
- $635.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Dallas, TX
- Founding
- 05/1967
- Data as of
- 06/2021
- EIN
- 75-1241868
Organization Overview
Texas Association Of Developing Colleges is located in Dallas, TX. The organization was established in 1967. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Association Of Developing Colleges 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 06/2021, Texas Association Of Developing Colleges generated $635.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $602.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 7 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
THE MISSION OF THE ORGANIZATION IS TO STRATEGICALLY PLAN, ORGANIZE AND DIRECT COOPERATIVE OPPORTUNITIES AND PROGRAMS FOR ITS FIVE MEMBER PRIVATE HISTORICALLY BLACK COLLEGES AND UNIVERSITIES AND SERVE AS ADMINISTRATOR OF EDUCATIONAL AND COMMUNITY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH APPROVAL OF THE STATE OF TEXAS, TADC IS ADMINISTRATOR OF THE URBAN SCHOLARSHIP FUND. THIS FUND IS MADE UP OF FUNDS FROM AT&T UTILITY FUNDS AND PROVIDE 2 YEAR PRIVATE, 4 YEAR PUBLIC AND TRADE/TECHNICAL SCHOOL SCHOLARSHIP SUPPORT TO NEEDY STUDENTS WHO MEET ESTABLISHED ELIGIBILTY REQUIREMENTS. THIS INCLUDES APPLICANTS THAT MUST BE FULL TIME UNDERGRADUATE STUDENTS AND HAVE GRADUATED FROM A HIGH SCHOOL IN ONE OF 43 TEXAS CITIES.
NSF GRANT IS A PLANNING GRANT TO COLLECT AND DOCUMENT THE CURRENT CYBERINFRASTRUCTURE CONFIGURATION, SCIENCE DRIVERS AND THE BROADER IMPACTS OF MODERNIZING THE IT SYSTEMS OF FIVE (5) HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THE INFORMATION WILL BE USED TO WRITE A CC NETWORK DESIGN AND IMPLEMENTATION FOR SMALL INSTITUTIONS GRANTS TO BUILD A REGIONAL NETWORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merdis Buckley Executive Director | Officer | 20 | $21,250 |
Dwight Fennell Treasurer | OfficerTrustee | 3 | $0 |
Michael Sorrell Director | OfficerTrustee | 3 | $0 |
Lester Newman Chairman | OfficerTrustee | 3 | $0 |
Collette Pierce - Burnette Director | Trustee | 3 | $0 |
Herman Felton Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,992 |
| Investment income | $5,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $635,793 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,089 |
| Fees for services: Management | $54,495 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,358 |
| All other expenses | $0 |
| Total functional expenses | $601,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,756 |
| Savings and temporary cash investments | $451,111 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,000 |
| 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 | $1,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $687,346 |
| Accounts payable and accrued expenses | $20,725 |
| Grants payable | $0 |
| Deferred revenue | $658,556 |
| 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 | $679,281 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $8,065 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ypo Inc irving, TX | $225,170,372 | $113,445,633 |
Texas Association Of School Boards Inc Austin, TX | $83,712,345 | $78,277,370 |
Crescent City Schools New Orleans, LA | $11,487,140 | $33,750,977 |
American Board Of Obstetrics And Gynecology Inc Dallas, TX | $79,504,335 | $23,118,641 |
Communities In Schools Of Central Texas Austin, TX | $11,661,936 | $18,363,713 |
Association Of Texas Professional Educators Austin, TX | $26,286,970 | $12,638,531 |
Society Of Certified Insurance Counselors Austin, TX | $18,011,076 | $13,351,185 |
Good Reason Houston Inc Houston, TX | $15,216,184 | $12,441,249 |
The Teaching Trust Dallas, TX | $0 | $1,277,048 |
Oklahoma Education Association Oklahoma City, OK | $8,207,045 | $7,151,066 |
Texas Classroom Teachers Association Austin, TX | $18,131,963 | $5,396,688 |
National Diversity Council Houston, TX | $4,256,858 | $6,138,107 |