Local Independent Charities Of Texas
- Assets
- $1.2m
- Revenue
- $992.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Weatherford, TX
- Founding
- 05/1995
- Data as of
- 04/2024
- EIN
- 94-3219813
Organization Overview
Local Independent Charities Of Texas is located in Weatherford, TX. The organization was established in 1995. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Independent Charities Of Texas 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 04/2024, Local Independent Charities Of Texas generated $992.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $992.8k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LICTX WORKS TO STRENGTHEN LOCAL COMMUNITIES AND ADDRESS SPECIFIC LOCAL NEEDS BY CONNECTING GENEROUS DONORS WITH CAUSE RELATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LICTX SCREENS AND CERTIFIES LOCAL TEXAS CHARITIES THAT MEET STANDARDS FOR INCLUSION IN THE COMBINED FEDERAL CAMPAIGN, PUBLIC SECTOR, AND CORPORATE WORKPLACE CHARITABLE FUND DRIVES. ACTING AS THE CENTRAL REPRESENTATIVE AND FISCAL AGENT IN THOSE DRIVES, LICTX INCREASES COST-EFFECTIVENESS AND EFFICIENCY. ALSO PROVIDES OTHER DIRECT DONATION OPPORTUNITIES. EXPENSES REFLECT DISTRIBUTIONS TO OUR PARTNER CHARITIES.
LICTX CONNECTS DONORS TO QUALITY LOCAL TEXAS CHARITIES. PROVIDES PERSONALIZED TELEPHONE, PRINT, WEB-BASED EDUCATION AND INFORMATION SERVICES FOR CONTRIBUTORS TO USE IN GIFT-MAKING DECISIONS; TRAINS CHARITIES ON HOW TO ATTRACT AND SERVE CONTRIBUTORS; PROVIDES LOGISTICAL SUPPORT TO FUND DRIVE ORGANIZERS; PROVIDES NECESSARY MANAGEMENT AND FISCAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Miller Board President | OfficerTrustee | 1 | $0 |
Michelle Coffey Board Sec/trsr | OfficerTrustee | 1 | $0 |
Christa Noland Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $992,839 |
| 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 | $992,839 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $992,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $787,348 |
| 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 | $157,665 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,023 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $791 |
| All other expenses | $0 |
| Total functional expenses | $992,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,261 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $895,596 |
| 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 | $1,246,857 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,246,857 |
| Total liabilities | $1,246,857 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,246,857 |