Houston Resource Management Association
- Assets
- $1.1m
- Revenue
- $951.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1984
- Data as of
- 06/2021
- EIN
- 76-0117771
Organization Overview
Houston Resource Management Association is located in Houston, TX. The organization was established in 1984. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Resource Management Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Houston Resource Management Association generated $951.1k 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 (10.0%) each year. All expenses for the organization totaled $781.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) 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 ORGANIZATION PROVIDES EDUCATION OPPORTUNITIES FOR ITS MEMBERS TO STAY CURRENT WITH PRACTICES, POLICIES, PROCEDURES, AND REGULATORY AND LEGISLATIVE ACTIVITIES RELEVANT TO THE FIELD OF HUMAN RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES THE MEMBERS MEANINGFUL, COST-EFFECTIVE PROFESSIONAL DEVELOPMENT OPPORTUNITIES PERTAINING NOT ONLY TO THE HUMAN RESOURCE PROFESSION, BUT ALSO TO BROADER BUSINESS COMPETENCIES; PROMOTES THE ADVANCEMENT OF HUMAN RESOURCES TO MAXIMIZE BOTH INDIVIDUAL AND ORGANIZATIONAL EFFECTIVENESS; PROVIDES A FORUM THROUGH WHICH THE MEMBERS MAY EXCHANGE IDEAS AND LEARN FROM ONE ANOTHER; EMPHASIZE TO OUR MEMBERS THE BENEFITS OF PROFESSIONAL CERTIFICATION; AND ESTABLISH TIES WITH THE GREATER HOUSTON BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tori Phillips Shrm-Scp Sphr President | OfficerTrustee | 1 | $0 |
Barbara Lane Executive Director | OfficerTrustee | 1 | $0 |
Glenda Morrison Secretary | OfficerTrustee | 1 | $0 |
Christal Brown Treasurer | OfficerTrustee | 1 | $0 |
Tracy Frazier Vice President | OfficerTrustee | 1 | $0 |
Scott Marshall Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $149,355 |
| 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 | $149,355 |
| Total Program Service Revenue | $800,056 |
| Investment income | $1,646 |
| 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 | $951,057 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $495,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,813 |
| Office expenses | $2,773 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $221,795 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $781,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,092,934 |
| Savings and temporary cash investments | $0 |
| 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 | $1,276 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,094,210 |
| Accounts payable and accrued expenses | $10 |
| 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 | $250,000 |
| Total liabilities | $250,010 |
| Net assets without donor restrictions | $844,200 |
| 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 | $1,094,210 |
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