Texas Soaring Association Inc
- Assets
- $1.5m
- Revenue
- $249.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Midlothian, TX
- Founding
- 01/1954
- Data as of
- 09/2021
- EIN
- 75-6013539
Organization Overview
Texas Soaring Association Inc is located in Midlothian, TX. The organization was established in 1954. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Soaring Association Inc 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 09/2021, Texas Soaring Association Inc generated $249.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $169.2k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING THE ART OF SOARING (FLYING GLIDERS) TO ITS MEMBERS (MEMBERSHIP IS OPEN TO THE PUBLIC) - PROMOTING THE ART OF SOARING CONDUCTING SCIENTIFIC TESTING, EVALUATION, AND REPORTING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hollins President-Elect | Officer | 10 | $0 |
Mike Davis Treasurer | Officer | 10 | $0 |
Jerry Smith President | Officer | 10 | $0 |
James Lyne Director | Trustee | 10 | $0 |
Randy Lee Director | Trustee | 10 | $0 |
Jacob Fairbairn Director | Trustee | 10 | $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 | $20,389 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,389 |
| Total Program Service Revenue | $176,051 |
| Investment income | $13,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,094 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $522 |
| Office expenses | $1,715 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,658 |
| 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 | $31,684 |
| Insurance | $12,419 |
| All other expenses | $19,745 |
| Total functional expenses | $169,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,080 |
| Savings and temporary cash investments | $160,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,424 |
| 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 | $31 |
| Net Land, buildings, and equipment | $347,742 |
| Investments—publicly traded securities | $830,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,185 |
| Total assets | $1,490,713 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,275,283 |
| Net assets with donor restrictions | $215,430 |
| 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 | $1,490,713 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Soaring Association Inc has recieved totaling $180.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Royal Oaks Country Club Houston Inc Houston, TX | $19,086,755 | $12,146,448 |
Pga Foundation Inc Frisco, TX | $10,335,378 | $11,672,366 |
Krewe Of Iris 1917 Inc New Orleans, LA | $8,990,722 | $1,352,357 |
San Antonio Force San Antonio, TX | $1,148,323 | $1,942,632 |
Carrollton Booster Club New Orleans, LA | $1,702,928 | $1,827,261 |
National Football Foundation And College Hall Of Fame Inc Irving, TX | $2,253,173 | $1,342,383 |
Impact Athletics Oklahoma City, OK | $15,141 | $1,066,538 |
Alliance Air Productions fort worth, TX | $338,424 | $1,047,956 |
Usa Federation For Sport Cheering Dallas, TX | $1,264,877 | $1,265,958 |
Mcsp Inc San Antonio, TX | $130,586 | $836,342 |
Ghisallo Cycling Initiative Austin, TX | $1,122,255 | $854,661 |
Youth Spirit Squads Inc Albuquerque, NM | $479,002 | $594,830 |