Channel Industries Mutual Inc
- Assets
- $2.1m
- Revenue
- $711.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Deer Park, TX
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 76-0192660
Organization Overview
Channel Industries Mutual Inc is located in Deer Park, TX. The organization was established in 2007. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Channel Industries Mutual 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 12/2022, Channel Industries Mutual Inc generated $711.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $813.7k during the year ending 12/2022. While expenses have increased by 6.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL AID RESPONSE IN FIRE FIGHTING, RESCUE AND FIRST AID MANPOWER AND FACILITIES AMONG HOUSTON SHIP CHANNEL INDUSTRIES FOR MUTUAL AID IN CASE OF EMERGENCY SITUATIONS.
Describe the Organization's Program Activity:
THE ORGANIZATION HAS A BUILDING IN DEER PARK, TEXAS WITH OFFICE AND MEETING ROOM FACILITIES. MEETINGS AND TRAINING SESSIONS ARE HELD IN THE FACILITY. THIS BUILDING ALSO HOUSES STORAGE SPACE AND COMPUTER AND RADIO AREAS.
TRAINING AND DRILLING TOGETHER OF ALL MEMBERS FOR EMERGENCY PREPAREDNESS AND DISASTER SITUATIONS - INDUSTRY MEMBERS AS WELL AS LOCAL CITY, COUNTY AND STATE AGENCIES. C.I.M.A. CONTINUOUSLY STRIVES TO BE IMMEDIATELY PREPARED AT ALL TIMES AND RESPOND TO ALL INCIDENTS. DISASTER DRILLS ARE HELD AND MEMBERS RESPOND TO EMERGENCY SITUATIONS. REPORTS ARE MADE ON ALL INCIDENT RESPONSES. AN ANNUAL TRAINING SYMPOSIUM IS HELD, LED BY SPECIALISTS IN EMERGENCY SITUATION FIELDS.
CIMA HAD 106 MEMBERS WITH A COMMON GOAL OF PREPARING FOR AND RESPONDING TO EMERGENCY SITUATIONS. ORGANIZATIONAL AND RESOURCE MANUALS ARE SUPPLIED TO ALL MEMBERS, PLUS CIMA ZONE MAPS, DECALS, EMERGENCY SUPPLIES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lawhorn Chairman | Officer | 0 | $0 |
Ronald Nowetner Vice Chairman | Officer | 0 | $0 |
Richard Cooper 2nd Vice Chair | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $671,169 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $690,664 |
| Total Program Service Revenue | $21,420 |
| Investment income | $59 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,062 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $711,081 |
| 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 | $62,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,663 |
| Payroll taxes | $4,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,940 |
| 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 | $10,864 |
| Information technology | $43,668 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $36,758 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,905 |
| Insurance | $0 |
| All other expenses | $128,195 |
| Total functional expenses | $813,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,087 |
| Savings and temporary cash investments | $250,072 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,319 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,324,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,930 |
| Other assets | $0 |
| Total assets | $2,140,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $551,504 |
| 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 | $620,787 |
| Other liabilities | $0 |
| Total liabilities | $1,172,291 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $967,787 |
| Total liabilities and net assets/fund balances | $2,140,078 |