Texas Food And Fuel Association
- Assets
- $6.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Austin, TX
- Founding
- 12/1951
- Data as of
- 12/2022
- EIN
- 74-1098077
Organization Overview
Texas Food And Fuel Association is located in Austin, TX. The organization was established in 1951. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Texas Food And Fuel Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Food And Fuel 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 12/2022, Texas Food And Fuel Association generated $2.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. 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
THE ASSOCIATION ENABLES THE SUCCESS OF ITS MEMBERS BY SERVING AS AN ADVOCATE AND RESOURCE FOR THE INDUSTRY BEFORE GOVERNMENTAL AUTHORITIES AND THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL SOUTHWEST FUEL & CONVENIENCE EXPO HAS APPROXIMATELY 400 MEMBER COMPANIES, EMPLOYEE OWNERS, AND INDUSTRY-RELATED PARTICIPANTS ATTENDEES. ACTIVITIES INCLUDED EDUCATIONAL, MOTIVATIONAL, AND ENTERTAINMENT PROGRAMS AS WELL AS EXHIBITORS FROM THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hardin President And CEO | OfficerTrustee | 40 | $263,888 |
Terry Tesch Rb Chairman | OfficerTrustee | 2 | $0 |
Imad Sarkis Vice Chairman | OfficerTrustee | 2 | $0 |
Bobby Warren Secretary And Treasurer | OfficerTrustee | 2 | $0 |
Dan Baker Immediate Past Chair | OfficerTrustee | 2 | $0 |
Neal Mccarty Region A Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,392 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $432,559 |
| Total Program Service Revenue | $1,173,605 |
| Investment income | $77,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $476,152 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $129,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,119 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,328,537 |
| 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. | $670,484 |
| Compensation of current officers, directors, key employees. | $412,368 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,979 |
| Pension plan accruals and contributions | $9,224 |
| Other employee benefits | $49,750 |
| Payroll taxes | $60,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,123 |
| Fees for services: Accounting | $46,212 |
| Fees for services: Lobbying | $65,241 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,669 |
| Advertising and promotion | $47,591 |
| Office expenses | $80,966 |
| Information technology | $15,431 |
| Royalties | $0 |
| Occupancy | $191,429 |
| Travel | $53,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,223 |
| Insurance | $24,086 |
| All other expenses | $16,655 |
| Total functional expenses | $2,114,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,098 |
| Savings and temporary cash investments | $1,726,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $325,408 |
| 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 | $62,503 |
| Net Land, buildings, and equipment | $31,315 |
| Investments—publicly traded securities | $3,262,792 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $677,853 |
| Total assets | $6,713,098 |
| Accounts payable and accrued expenses | $77,407 |
| Grants payable | $0 |
| Deferred revenue | $777,957 |
| 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 | $677,751 |
| Total liabilities | $1,533,115 |
| Net assets without donor restrictions | $5,179,983 |
| 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 | $6,713,098 |