Las Colinas Association
- Assets
- $32.0m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 55
- Location
- Irving, TX
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 75-6193943
Organization Overview
Las Colinas Association is located in Irving, TX. The organization was established in 1996. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Las Colinas Association employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Colinas Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Las Colinas Association generated $15.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $15.6m during the year ending 12/2022. While expenses have increased by 8.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS THE STEWARD FOR THE LAS COLINAS COMMUNITY BY CREATING AND MAINTAINING AN EXCEPTIONAL ENVIRONMENT FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON PROPERTY - MAINTAINS PUBLIC PARKS AND GREEN BELTS; MAINTAINS LANDSCAPING OF AND CONTROLS LITTER IN THE STREETS, MEDIANS, CONTIGUOUS OPEN SPACES, AND RIGHTS-OF-WAY.
PUBLIC SAFETY AND CRIME PREVENTION - PROVIDES SECURITY PATROLS AND ALARM MONITORING TO THE COMMUNITY.
PROPERTY COMPLIANCE - THE ASSOCIATION HAS A STAFF OF SEVEN PROPERTY COMPLIANCE OFFICERS WHO ROUTINELY MONITOR ITS PROPERTIES FOR ONGOING MAINTENANCE AS WELL AS COMPLIANCE WITH THE ASSOCIATION'S MAINTENANCE STANDARDS AND PREVIOUSLY APPROVED PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Gwyn Secretary | OfficerTrustee | 5 | $0 |
Sushil Patel Chairman | OfficerTrustee | 3.75 | $0 |
Barbara Mcnutt Treasurer | OfficerTrustee | 5 | $0 |
Danny Opitz Vice Chairman | OfficerTrustee | 3.75 | $0 |
Ken Reese Board Member | Trustee | 1 | $0 |
Carl Klinke Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Security Patrol | 12/30/22 | $2,022,444 |
Cleanscapes Landscape Service | 12/30/22 | $1,530,729 |
Brightview Landscape Landscape Service | 12/30/22 | $1,309,677 |
Andrew Rhodes Tree Trimming Debry Cleanup | 12/30/22 | $151,745 |
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 | $14,771,065 |
| Investment income | $188,658 |
| 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 | $15,548,179 |
| 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. | $726,461 |
| Compensation of current officers, directors, key employees. | $693,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,143,463 |
| Pension plan accruals and contributions | $58,254 |
| Other employee benefits | $578,600 |
| Payroll taxes | $259,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $386,561 |
| Fees for services: Accounting | $31,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250,678 |
| Advertising and promotion | $422,275 |
| Office expenses | $377,956 |
| Information technology | $187,620 |
| Royalties | $0 |
| Occupancy | $155,098 |
| Travel | $72,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,186 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $893,498 |
| Insurance | $209,903 |
| All other expenses | $1,092,923 |
| Total functional expenses | $15,648,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,452 |
| Savings and temporary cash investments | $19,928,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $756,909 |
| 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 | $190,442 |
| Net Land, buildings, and equipment | $10,761,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,037,615 |
| Accounts payable and accrued expenses | $271,165 |
| 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 | $0 |
| Total liabilities | $271,165 |
| Net assets without donor restrictions | $31,720,863 |
| Net assets with donor restrictions | $45,587 |
| 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 | $32,037,615 |