Texas Rural Funders
- Assets
- $461.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Austin, TX
- Founding
- Data as of
- 12/2021
- EIN
- 86-1401662
Organization Overview
Texas Rural Funders is located in Austin, TX. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Texas Rural Funders employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Rural Funders is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEXAS RURAL FUNDERS IS A DIVERSE COALITION OF FUNDERS WORKING WITH RURAL COMMUNITIES TO DEVELOP AND IMPLEMENT SOLUTIONS TO THEIR UNIQUE NEEDS. WE FOCUS ON PROJECTS THAT REQUIRE COLLECTIVE ACTION AND WHICH CANT BE SOLVED BY ONE ORGANIZATION ALONE. WE SEEK TO BRING ADDITIONAL ATTENTION AND RESOURCES TO RURAL TEXAS, INCLUDING USING COMMUNICATIONS AND ADVOCACY TO ELEVATE RURAL VOICES. WE BELIEVE THAT OUR URBAN AND RURAL COMMUNITIES ARE INEXTRICABLY LINKED AND THAT THE FUTURE OF TEXAS DEPENDS ON STRONG, RURAL COMMUNITIES. TEXAS RURAL FUNDERS IS DEDICATED EXCLUSIVELY TO CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS RURAL FUNDERS IS A DIVERSE COALITION OF FUNDERS WORKING WITH RURAL COMMUNITIES TO DEVELOP AND IMPLEMENT SOLUTIONS TO THEIR UNIQUE NEEDS. WE FOCUS ON PROJECTS THAT REQUIRE COLLECTIVE ACTION AND WHICH CANT BE SOLVED BY ONE ORGANIZATION ALONE. WE SEEK TO BRING ADDITIONAL ATTENTION AND RESOURCES TO RURAL TEXAS, INCLUDING USING COMMUNICATIONS AND ADVOCACY TO ELEVATE RURAL VOICES. WE BELIEVE THAT OUR URBAN AND RURAL COMMUNITIES ARE INEXTRICABLY LINKED AND THAT THE FUTURE OF TEXAS DEPENDS ON STRONG, RURAL COMMUNITIES. TEXAS RURAL FUNDERS IS DEDICATED EXCLUSIVELY TO CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
TEXAS RURAL FUNDERS IS A DIVERSE COALITION OF FUNDERS WORKING WITH RURAL COMMUNITIES TO DEVELOP AND IMPLEMENT SOLUTIONS TO THEIR UNIQUE NEEDS. WE FOCUS ON PROJECTS THAT REQUIRE COLLECTIVE ACTION AND WHICH CANT BE SOLVED BY ONE ORGANIZATION ALONE. WE SEEK TO BRING ADDITIONAL ATTENTION AND RESOURCES TO RURAL TEXAS, INCLUDING USING COMMUNICATIONS AND ADVOCACY TO ELEVATE RURAL VOICES. WE BELIEVE THAT OUR URBAN AND RURAL COMMUNITIES ARE INEXTRICABLY LINKED AND THAT THE FUTURE OF TEXAS DEPENDS ON STRONG, RURAL COMMUNITIES. TEXAS RURAL FUNDERS IS DEDICATED EXCLUSIVELY TO CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelty Garbee Executive Di | Officer | 40 | $88,724 |
Michelle Monse Secretary | OfficerTrustee | 2 | $0 |
Mike Mccoy Treasurer | OfficerTrustee | 1 | $0 |
Ellen Ray President | OfficerTrustee | 5 | $0 |
Wynn Rosser Vice Preside | OfficerTrustee | 2 | $0 |
Ryan Franklin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $285,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $987,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,273,333 |
| Total Program Service Revenue | $0 |
| Investment income | $1,981 |
| 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 | $1,275,314 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $685,333 |
| 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. | $88,724 |
| Compensation of current officers, directors, key employees. | $17,745 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,778 |
| Pension plan accruals and contributions | $1,000 |
| Other employee benefits | $6,958 |
| Payroll taxes | $9,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,663 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $53,412 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,164 |
| Fees for services: Other | $117,008 |
| Advertising and promotion | $302 |
| Office expenses | $747 |
| Information technology | $5,061 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,163 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,592 |
| All other expenses | $0 |
| Total functional expenses | $1,056,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,661 |
| 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 | $461,661 |
| 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 | $511 |
| Total liabilities | $511 |
| Net assets without donor restrictions | $161,127 |
| Net assets with donor restrictions | $300,023 |
| 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 | $461,661 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural Enterprises Of Oklahoma Inc Durant, OK | $41,908,355 | $15,173,432 |
Black River Area Development Corporation Pocahontas, AR | $9,485,787 | $11,077,041 |
Central Oklahoma Economic Development District Shawnee, OK | $5,863,107 | $4,724,858 |
Coordinating & Development Corp Louisiana Inc Bossier City, LA | $518,798 | $4,124,909 |
Urban Partnerships Community Development Corporation Pearland, TX | $13,389,393 | $5,000,952 |
New Mexico Community Capital Albuquerque, NM | $12,754,152 | $2,840,640 |
Western Arkansas Planning And Fort Smith, AR | $1,883,659 | $2,141,077 |
Little Rock Workforce Development Board Little Rock, AR | $359,522 | $1,935,959 |
Southern Mutual Help Association Inc New Iberia, LA | $8,015,178 | $898,903 |
Forge Financing Ozark Rural Growth And Economy Huntsville, AR | $10,015,357 | $2,246,755 |
Texas Rural Funders Austin, TX | $461,661 | $1,275,314 |
Centro Por La Justicia San Antonio, TX | $1,103,116 | $899,952 |