Texas Press Association
- Assets
- $5.0m
- Revenue
- $467.9k
- Investments
- $1.0k
- Employees
- 6
- Location
- Austin, TX
- Founding
- 11/1957
- Data as of
- 05/2022
- EIN
- 74-1084462
Organization Overview
Texas Press Association is located in Austin, TX. The organization was established in 1957. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Texas Press Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Press 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 05/2022, Texas Press Association generated $467.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $675.4k during the year ending 05/2022. 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
PROMOTING AND PRESERVING THE FUTURE OF TEXAS NEWSPAPERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION, REGIONAL CONVENTIONS, THE BETTER NEWSPAPER CONTEST AND OTHER MEETING OF MEMBERS TO PROVIDE EDUCATIONAL SEMINARS TO MEMBERS.
PUBLICATIONS INCLUDING THE TPA E-BULLETIN AND THE WINNERS CIRCLE WHICH PROVIDE KEY INFORMATION TO OUR MEMBERS.
EDUCATIONAL EFFORTS INCLUDE A COMPUTER LAB & ONLINE TRAINING, REGIONAL WORKSHOPS AND SALES TRAINING.
GOVERNMENT AFFAIRS AND LEGISLATIVE SUPPORT TO MEMBERS TO PROMOTE AND PROTECT THE INTERESTS OF THE NEWSPAPERS IN THE STATE OF TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donnis Baggett Executive Vice President | Officer | 40 | $119,889 |
Micheal Hodges Executive Director | OfficerTrustee | 40 | $39,525 |
Stephanie Hearne Controller | Officer | 40 | $20,464 |
Leonard Woolsey 1st Vice President | OfficerTrustee | 1 | $0 |
Ramona Ferguson Chairman Of The Board | OfficerTrustee | 1 | $0 |
Jim Bardwell President | OfficerTrustee | 1 | $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 | $214,796 |
| Investment income | $207,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,028 |
| 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 | $11,447 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,941 |
| 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. | $195,385 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,544 |
| Pension plan accruals and contributions | $14,740 |
| Other employee benefits | $30,248 |
| Payroll taxes | $24,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,930 |
| Fees for services: Lobbying | $66,949 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,205 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,987 |
| Information technology | $14,599 |
| Royalties | $0 |
| Occupancy | $33,947 |
| Travel | $366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,113 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,689 |
| Insurance | $3,468 |
| All other expenses | $2,596 |
| Total functional expenses | $675,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,523 |
| Savings and temporary cash investments | $65,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,139 |
| 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 | $2,576 |
| Net Land, buildings, and equipment | $941,697 |
| Investments—publicly traded securities | $3,953,986 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,049,090 |
| Accounts payable and accrued expenses | $61,080 |
| Grants payable | $0 |
| Deferred revenue | $99,309 |
| 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 | $6,106 |
| Total liabilities | $166,495 |
| Net assets without donor restrictions | $4,882,595 |
| 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 | $5,049,090 |
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|---|---|---|
American Choral Directors Oklahoma City, OK | $6,300,966 | $4,541,805 |
Radio Advertising Bureau Inc Irving, TX | $1,650,812 | $4,069,423 |
Alpfa Inc Austin, TX | $2,203,417 | $4,356,739 |
Texas Society Of Architects Austin, TX | $4,439,706 | $3,150,924 |
Houston Chapter American Institute Of Architects Houston, TX | $892,719 | $1,154,952 |
Womans Club Of Fort Worth Inc Fort Worth, TX | $3,875,727 | $886,310 |
Austin Chapter American Institute Of Architects Austin, TX | $1,324,649 | $1,027,697 |
Texas Press Association Austin, TX | $5,049,090 | $467,941 |
The American Coaster Enthusiasts Inc Grand Prairie, TX | $1,478,767 | $574,861 |
Louisiana Capital Certified Development Company Inc Lafayette, LA | $812,930 | $535,000 |
American Association Of Community Theatre Fort Worth, TX | $1,370,360 | $604,610 |
Aia Louisiana Baton Rouge, LA | $919,756 | $575,971 |