Texas Retired Teachers Association
- Assets
- $10.5m
- Revenue
- $5.8m
- Investments
- $1.5m
- Employees
- 17
- Location
- Austin, TX
- Founding
- 11/1999
- Data as of
- 06/2022
- EIN
- 51-0141585
Organization Overview
Texas Retired Teachers Association is located in Austin, TX. The organization was established in 1999. 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 06/2022, Texas Retired Teachers Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Retired Teachers 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 06/2022, Texas Retired Teachers Association generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 12.3% per year over the past 7 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
WELL-BEING OF RETIRED SCHOOL PERSONNEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE ECONOMIC, INTELLECTUAL, AND SOCIAL WELL-BEING OF RETIRED TEACHERS AND OTHER PUBLIC SCHOOLS EMPLOYEES.
PROMOTE THE ECONOMIC, INTELLECTUAL, AND SOCIAL WELL-BEING OF RETIRED TEACHERS AND OTHER PUBLIC SCHOOLS EMPLOYEES THROUGH THE LOCAL AND DISTRICT UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Lee Executive Di | Officer | 30 | $360,841 |
Rosalind Johnson Deputy Direc | Officer | 40 | $167,618 |
Leroy Dehaven President | OfficerTrustee | 18 | $0 |
Patricia Macias Past Preside | OfficerTrustee | 18 | $0 |
Marcy Cann 1st Vp/membe | OfficerTrustee | 18 | $0 |
Ella Gauthier 2nd Vp/pr | OfficerTrustee | 18 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenspoon Marder Legal Services | 6/29/22 | $937,086 |
Kelly Hart & Hallman Llp Legal Services | 6/29/22 | $529,264 |
Horizon Printing Printing | 6/29/22 | $203,159 |
Pitney Bowes Purchase Power Postage | 6/29/22 | $145,119 |
Hilton Anatole Convention | 6/29/22 | $139,192 |
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 | $5,479,368 |
| Investment income | $34,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $23,649 |
| Net Rental Income | $253,220 |
| 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 | $5,840,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250 |
| 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. | $585,350 |
| Compensation of current officers, directors, key employees. | $56,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $639,070 |
| Pension plan accruals and contributions | $55,169 |
| Other employee benefits | $120,964 |
| Payroll taxes | $83,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,321,774 |
| Fees for services: Accounting | $21,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,392 |
| Advertising and promotion | $105,090 |
| Office expenses | $87,292 |
| Information technology | $125,838 |
| Royalties | $0 |
| Occupancy | $357,268 |
| Travel | $123,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $264,538 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,031 |
| Insurance | $46,227 |
| All other expenses | $85,798 |
| Total functional expenses | $7,026,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,798 |
| Savings and temporary cash investments | $4,329,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,917 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $344,165 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $199,241 |
| Net Land, buildings, and equipment | $401,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,450,930 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,549,370 |
| Total assets | $10,536,372 |
| Accounts payable and accrued expenses | $79,034 |
| Grants payable | $0 |
| Deferred revenue | $1,111,059 |
| 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 | $82,081 |
| Total liabilities | $1,272,174 |
| Net assets without donor restrictions | $9,264,198 |
| 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 | $10,536,372 |