Gulf Coast Trades Center
- Assets
- $4.3m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 134
- Location
- New Waverly, TX
- Founding
- 03/1973
- Data as of
- 08/2023
- EIN
- 74-1694949
Organization Overview
Gulf Coast Trades Center is located in New Waverly, TX. The organization was established in 1973. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 08/2023, Gulf Coast Trades Center employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast Trades Center 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 08/2023, Gulf Coast Trades Center generated $6.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $6.0m during the year ending 08/2023. 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
TO PROVIDE RESIDENTIAL AND VOCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARTERED PURPOSE IS TO PROMOTE AND CONDUCT EDUCATIONAL SERVICES, PARTICULARLY VOCATIONAL SKILL TRAINING COUPLED WITH OTHER SERVICES INCLUDING COUNSELING IN RESIDENTIAL SETTINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Munoz Program Dir | Officer | 40 | $92,771 |
Joann Bradley Member | Trustee | 1 | $0 |
Scottbuzbee Member | Trustee | 1 | $0 |
Celestineharris Vice Chair | OfficerTrustee | 1 | $0 |
Diana Norris Member | Trustee | 1 | $0 |
Jameslangles Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,677,340 |
| 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 | $2,677,340 |
| Total Program Service Revenue | $4,111,585 |
| Investment income | $2,097 |
| 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 | $6,791,022 |
| 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. | $92,771 |
| Compensation of current officers, directors, key employees. | $8,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,177,248 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $298,193 |
| Payroll taxes | $238,417 |
| Fees for services: Management | $780,997 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,169 |
| Advertising and promotion | $0 |
| Office expenses | $27,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $236,512 |
| Travel | $71,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,793 |
| Insurance | $104,188 |
| All other expenses | $39,850 |
| Total functional expenses | $6,015,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,076,720 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $230,119 |
| Accounts receivable, net | $768,172 |
| 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 | $10,116 |
| Net Land, buildings, and equipment | $2,237,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,322,317 |
| Accounts payable and accrued expenses | $1,247,289 |
| 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 | $90,081 |
| Other liabilities | $0 |
| Total liabilities | $1,337,370 |
| Net assets without donor restrictions | $2,211,961 |
| Net assets with donor restrictions | $772,986 |
| 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 | $4,322,317 |