Invest Texas Council
- Assets
- $260.7k
- Revenue
- $285.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-3982739
Organization Overview
Invest Texas Council is located in Austin, TX. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Invest Texas Council 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 12/2023, Invest Texas Council generated $285.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.3% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INVEST TEXAS COUNCIL IS A POLICY-ORIENTED COLLABORATIVE OF STAKEHOLDERS FOUNDED TO CHAMPION PUBLIC-PRIVATE PARTNERSHIPS ACROSS ECONOMIC SECTORS, AND WILL ADVANCE POLICIES GROUNDED IN FUNDAMENTAL PRINCIPLES OF GOOD GOVERNANCE AND SOUND ECONOMICS SUPPORTING PRIVATE SECTOR INVESTMENT IN INFRASTRUCTURE PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVEST TEXAS COUNCIL STRIVED TO SPUR INNOVATIVE AND LEADING-EDGE SOLUTIONS TO INFRASTRUCTURE PROJECTS LIKE WATER, TRANSPORTATION, PORTS, AIRPORTS, AND OTHER INFRASTRUCTURE THAT IS IMPERATIVE FOR THE FUTURE ECONOMICAL SUCCESS OF TEXAS. INVEST TEXAS COUNCIL CONTINUED TO UNDERTAKE A MULTI-SESSION STRATEGY TO RE-EDUCATE AND RE-NEW SUPPORT FOR PUBLIC-PRIVATE PARTNERSHIPS IN ORDER TO INNOVATE, LOWER JOB COSTS, ACCELERATE PROJECT DELIVERY, IMPROVE QUALITY, AND HELP ENHANCE LONG-TERM PERFORMANCE FOR INFRASTRUCTURE PROJECTS.
INVEST TEXAS COUNCIL STRIVED TO SPUR INNOVATIVE AND LEADING-EDGE SOLUTIONS TO INFRASTRUCTURE PROJECTS LIKE WATER, TRANSPORTATION, PORTS, AIRPORTS, AND OTHER INFRASTRUCTURE THAT IS IMPERATIVE FOR THE FUTURE ECONOMICAL SUCCESS OF TEXAS. INVEST TEXAS COUNCIL CONTINUED TO UNDERTAKE A MULTI-SESSION STRATEGY TO RE-EDUCATE AND RE-NEW SUPPORT FOR PUBLIC-PRIVATE PARTNERSHIPS IN ORDER TO INNOVATE, LOWER JOB COSTS, ACCELERATE PROJECT DELIVERY, IMPROVE QUALITY, AND HELP ENHANCE LONG-TERM PERFORMANCE FOR INFRASTRUCTURE PROJECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Colyandro Director | Trustee | 13 | $10,000 |
Ronald Simmons Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $285,000 |
| 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 | $285,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $285,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,827 |
| Advertising and promotion | $24,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $76,250 |
| Total functional expenses | $173,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,690 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $260,690 |
| 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 | $260,690 |
| 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 | $260,690 |