Las Colinas Association
- Assets
- $32.7m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 51
- Location
- Irving, TX
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 75-6193943
Organization Overview
Las Colinas Association is located in Irving, TX. The organization was established in 1996. 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 12/2021, Las Colinas Association employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Colinas 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 12/2021, Las Colinas Association generated $16.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $14.2m during the year ending 12/2021. While expenses have increased by 8.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE, SUSTAIN AND LEAD A RENOWNED COMMUNITY OF LASTING VALUE AND PRESENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON PROPERTY - MAINTAINS PUBLIC PARKS AND GREEN BELTS; MAINTAINS LANDSCAPING OF AND CONTROLS LITTER IN THE STREETS, MEDIANS, CONTIGUOUS OPEN SPACES, AND RIGHTS-OF-WAY.
PUBLIC SAFETY AND CRIME PREVENTION - PROVIDES SECURITY PATROLS AND ALARM MONITORING TO THE COMMUNITY.
PROPERTY COMPLIANCE - THE ASSOCIATION HAS A STAFF OF SEVEN PROPERTY COMPLIANCE OFFICERS WHO ROUTINELY MONITOR ITS PROPERTIES FOR ONGOING MAINTENANCE AS WELL AS COMPLIANCE WITH THE ASSOCIATION'S MAINTENANCE STANDARDS AND PREVIOUSLY APPROVED PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Hammond Perot President & CEO | Officer | 50 | $275,574 |
Lynn C Strickland Assistant Treasurer | Officer | 48 | $183,737 |
Jennifer Austin Assistant Secretary | Officer | 45 | $160,624 |
Penny Hayter Director Of Security | 40 | $147,884 | |
Scott Wilson Director Of Common Property | 40 | $128,643 | |
Phil Oschner Director | 40 | $121,527 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brightview Landscape Landscape Service | 12/30/21 | $3,234,495 |
Allied Barton Security Services Security Service | 12/30/21 | $2,043,895 |
Franco's Landscape Service | 12/30/21 | $592,329 |
Clark Hill Legal Services | 12/30/21 | $361,957 |
Moss Utilities Electrical Service | 12/30/21 | $135,550 |
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 | $15,940,500 |
| Investment income | $39,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,281,459 |
| 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. | $685,175 |
| Compensation of current officers, directors, key employees. | $654,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,974,387 |
| Pension plan accruals and contributions | $59,888 |
| Other employee benefits | $624,763 |
| Payroll taxes | $262,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $313,084 |
| Fees for services: Accounting | $30,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $304,795 |
| Advertising and promotion | $437,670 |
| Office expenses | $239,183 |
| Information technology | $201,434 |
| Royalties | $0 |
| Occupancy | $169,632 |
| Travel | $74,167 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,163 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $792,664 |
| Insurance | $195,616 |
| All other expenses | $721,681 |
| Total functional expenses | $14,179,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,030,973 |
| Savings and temporary cash investments | $20,842,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $761,507 |
| 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 | $242,668 |
| Net Land, buildings, and equipment | $9,774,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,652,078 |
| Accounts payable and accrued expenses | $784,917 |
| 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 | $784,917 |
| Net assets without donor restrictions | $31,821,574 |
| Net assets with donor restrictions | $45,587 |
| 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 | $32,652,078 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Onestar Foundation Austin, TX | $2,630,311 | $19,496,828 |
Las Colinas Association Irving, TX | $32,652,078 | $16,281,459 |
Downtown Fort Worth Inc Fort Worth, TX | $1,699,002 | $9,582,702 |
Texas Retired Teachers Association Austin, TX | $11,866,847 | $5,873,069 |
Childrens Charity Houston, TX | $1,357,156 | $4,121,015 |
Pine-Belt Multi-Purpose Community Action Agency Incorporated Jonesboro, LA | $579,272 | $3,229,420 |
Georgetown Caring Place Georgetown, TX | $4,842,347 | $3,321,334 |
The Onestar Foundation Austin, TX | $2,465,909 | $3,375,276 |
Saheli Austin, TX | $538,210 | $2,600,715 |
Friendship Of Women Brownsville, TX | $941,053 | $2,402,279 |
Greater Waco Collective Impact Initiative Waco, TX | $1,049,789 | $1,541,441 |
Day Resource Center For The Homeless Fort Worth, TX | $352,912 | $2,190,663 |