Alliance For Higher Education
- Assets
- $3.4m
- Revenue
- $147.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Richardson, TX
- Founding
- 12/1965
- Data as of
- 08/2021
- EIN
- 75-6045325
Organization Overview
Alliance For Higher Education, operating under the name Texas Research Alliance, is located in Richardson, TX. The organization was established in 1965. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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 Research Alliance 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 08/2021, Texas Research Alliance generated $147.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $243.2k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) 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
THE ALLIANCE FOR HIGHER EDUCATION IS A NONPROFIT CORPORATION WHICH PROVIDES SUPPORT FOR VARIOUS TECHNOLOGY INCUBATORS, CHAMBERS OF COMMERCE AND ECONOMIC DEVELOPMENT ORGANIZATIONS. THE AHE WORKS WITH UNIVERSITIES, CHAMBERS OF COMMERCE AND BUSINESS INCUBATORS/ACCELERATORS TO SUPPORT BUSINESS FORMATION, TECHNOLOGY TRANSFER AND ECONOMIC DEVELOPMENT WITH THE NORTH TEXAS REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACTIVELY GROW THE BASE OF RESEARCH CAPACITY AND TECHNOLOGY COMMERCIALIZATION IN NORTH TEXAS BY ENGAGING INDUSTRY, PHILANTHROPIC, UNIVERSITY, AND STATE SUPPORT TO IMPLEMENT PROGRAMS THAT INCREASE RESEARCH AT OUR LOCAL INSTITUTIONS OF HIGHER EDUCATION AND CREATE ECONOMIC BENE?T FOR THE REGION. TRA HAS SET FORTH FOUR GOALS TO AID IN ACHIEVING OUR MISSION: 1. FACILITATE COLLABORATION AMONG UNIVERSITIES AND WITH INDUSTRY 2. RECRUIT AND RETAIN TOP TIER RESEARCH AND GRADUATE TALENT 3. ASSIST IN THE COMMERCIALIZATION OF UNIVERSITY TECHNOLOGY THROUGH PARTNERSHIPS AND FUNDING 4. CREATE WORLD CLASS RESEARCH FACILITIES AND LABS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Petroskey Secretary | Trustee | 1 | $0 |
Michael Jacobson Chairman | Trustee | 1 | $0 |
Bill Thornton Trustee | 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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $105,538 |
| Net Gain/Loss on Asset Sales | $41,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,432 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $481 |
| Payroll taxes | $10,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $616 |
| Fees for services: Accounting | $25,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,631 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $610 |
| Information technology | $2,393 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,488 |
| All other expenses | $0 |
| Total functional expenses | $243,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,178 |
| Savings and temporary cash investments | $51,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,190 |
| Net Land, buildings, and equipment | $44,235 |
| Investments—publicly traded securities | $3,218,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,372,858 |
| Accounts payable and accrued expenses | $14,144 |
| Grants payable | $0 |
| Deferred revenue | $24,334 |
| 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 | $38,478 |
| Net assets without donor restrictions | $3,334,380 |
| 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 | $3,372,858 |
Grants Awarded
Over the last fiscal year, Alliance For Higher Education has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT DALLAS PURPOSE: RESEARCH | $40,000 |
Dallas, TX PURPOSE: RESEARCH | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alliance For Higher Education has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Dallas Regional Chamber Dallas, TX PURPOSE: RESEARCH FUNDING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Schools For Baton Rouge Baton Rouge, LA | $18,000,510 | $11,219,034 |
Texas Institute Of Graduate Medical Education And Research San Antonio, TX | $5,873,285 | $12,825,627 |
Portico Education Foundation Carrollton, TX | $2,396,287 | $5,783,858 |
Youth Force Nola New Orleans, LA | $5,195,075 | $5,408,027 |
Texas Association Of School Administrators Austin, TX | $4,673,285 | $5,966,291 |
Texas Restaurant Association Austin, TX | $11,924,378 | $5,929,472 |
Texas Charter Schools Association Austin, TX | $5,399,898 | $5,059,843 |
Walton Education Coalition Inc Bentonville, AR | $905,003 | $3,450,000 |
Louisiana Restaurant Association Inc Metairie, LA | $9,314,228 | $3,239,510 |
Fort Worth Education Partnership Inc Fort Worth, TX | $6,170,741 | $4,613,145 |
Uni-Bell Pvc Pipe Association Irving, TX | $1,260,616 | $2,106,268 |
Americans For Fair Treatment Inc Oklahoma City, OK | $1,029,037 | $2,472,942 |