Gulf Coast Cogeneration Association Inc
- Assets
- $1.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Austin, TX
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 76-0243519
Organization Overview
Gulf Coast Cogeneration Association Inc is located in Austin, TX. The organization was established in 1988. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 12/2023, Gulf Coast Cogeneration Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast Cogeneration Association Inc 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 12/2023, Gulf Coast Cogeneration Association Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GULF COAST POWER ASSOCIATION'S MISSION IS TO PROMOTE AN IMPROVED UNDERSTANDING OF ISSUES AND OPPORTUNITIES IMPACTING CONTEMPORARY POWER MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GULF COAST POWER ASSOCIATION:* PROVIDED A MEANS FOR ALL PERSONS HAVING AN INTEREST IN COMPETITIVE POWER TO EXCHANGE INFORMATION AND IDEAS;* KEPT MEMBERS INFORMED AND PROVIDED FORUMS OF DISCUSSION OF CURRENT AND UPCOMING EVENTS, INCLUDING FEDERAL, STATE AND LOCAL LEGISLATION AND REGULATIONS;* PROVIDED A FORUM FOR RESOLUTION OF INDUSTRY-WIDE TECHNICAL AND REGULATORY ISSUES;* PROMOTED A GREATER PUBLIC UNDERSTANDING OF COMPETITIVE POWER AND GAVE RECOGNITION TO THOSE MAKING SIGNIFICANT CONTRIBUTIONS TO THE COMPETITIVE POWER INDUSTRY;* ENCOURAGED GOOD PROFESSIONAL BUSINESS METHODS AND PRACTICES BY MEMBERS AND OTHERS THAT WILL PROMOTE THE GROWTH OF THE COMPETITIVE POWER BUSINESS; AND* KEPT MEMBERS INFORMED AND PROVIDED FORUMS FOR DISCUSSION OF EVENTS AND ISSUES IN THE INTERNATIONAL MARKETS WHICH ARE OF INTEREST TO OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Casey Exec Director | Officer | 40 | $278,875 |
Mary Armstrong Dep Exec Dir | 40 | $142,485 | |
Mark Dreyfus President | OfficerTrustee | 2 | $0 |
Beth Garza Vice President | OfficerTrustee | 2 | $0 |
Barbara Clemenhagen Secretary | OfficerTrustee | 2 | $0 |
Brian Lloyd Treasurer | OfficerTrustee | 2 | $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 | $1,973,282 |
| Investment income | $14,768 |
| 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 | $1,988,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $285,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,991 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,656 |
| Payroll taxes | $31,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,365 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $13,630 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $542,662 |
| Interest | $4,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,728 |
| All other expenses | $0 |
| Total functional expenses | $1,310,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,386 |
| Savings and temporary cash investments | $1,352,640 |
| 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 | $0 |
| 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 | $1,765,026 |
| Accounts payable and accrued expenses | $0 |
| 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 | $145,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $145,176 |
| Net assets without donor restrictions | $1,619,850 |
| 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 | $1,765,026 |