Totals
- Total revenue
- $641,345
- Total expenses
- $494,279
- Contributions and grants received
- $0
- Grants paid
- $47,000
- Program service revenue
- $110,884
- Investment income
- $239,610
- Other revenue
- $290,851
- Total assets, end of year
- $9,036,621
- Total liabilities, end of year
- $14,486
- Net assets or fund balances, end of year
- $9,022,135
- Program services expenses (Part IX)
- $181,637
- Management and general expenses
- $312,642
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $181,637
Program services were 36.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: RURAL LOAN PROGRAM
total $110,884 · unrelated business $0 · excluded $0
-
3 · Investment income
total $223,255 · unrelated business $0 · excluded $223,255
-
6a · Gross rents
real property $290,851
-
6c · Rental income or loss
real property $290,851
-
6d · Net rental income or loss
total $290,851 · excluded $290,851
-
7a · Gross sales of assets other than inventory
other assets $16,355
-
7c · Gain or loss
other assets $16,355
-
7d · Net gain or loss
total $16,355 · related or exempt $0 · unrelated business $0 · excluded $16,355
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $47,000 · program services $47,000
-
5 · Compensation of officers, directors and key employees
total $139,385 · program services $76,662 · management and general $62,723 · fundraising $0
-
7 · Other salaries and wages
total $53,084 · program services $29,196 · management and general $23,888 · fundraising $0
-
8 · Pension plan contributions
total $2,530 · program services $1,391 · management and general $1,139 · fundraising $0
-
9 · Other employee benefits
total $14,749 · program services $8,112 · management and general $6,637 · fundraising $0
-
10 · Payroll taxes
total $12,615 · program services $6,938 · management and general $5,677 · fundraising $0
-
11b · Fees: legal
total $3,660 · program services $29 · management and general $3,631 · fundraising $0
-
11c · Fees: accounting
total $20,747 · program services $166 · management and general $20,581 · fundraising $0
-
11f · Fees: investment management
total $38,379 · program services $0 · management and general $38,379 · fundraising $0
-
11g · Fees: other
total $650 · program services $5 · management and general $645 · fundraising $0
-
13 · Office expenses
total $15,192 · program services $912 · management and general $14,280 · fundraising $0
-
16 · Occupancy
total $17,471 · program services $0 · management and general $17,471 · fundraising $0
-
17 · Travel
total $6,639 · program services $0 · management and general $6,639 · fundraising $0
-
19 · Conferences, conventions and meetings
total $75,339 · program services $11,226 · management and general $64,113 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $24,961 · program services $0 · management and general $24,961 · fundraising $0
-
23 · Insurance
total $21,878 · program services $0 · management and general $21,878 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $483,145 · end of year $458,600
-
4 · Accounts receivable
beginning of year $67,983 · end of year $14,566
-
7 · Other notes and loans receivable
beginning of year $1,600,658 · end of year $1,414,051
-
9 · Prepaid expenses and deferred charges
beginning of year $4,409 · end of year $7,924
-
10a · Land, buildings and equipment: cost or other basis
$645,311
-
10b · Land, buildings and equipment: accumulated depreciation
$238,213
-
10c · Land, buildings and equipment, net
beginning of year $386,739 · end of year $407,098
-
11 · Investments: publicly traded securities
beginning of year $6,046,532 · end of year $6,727,580
-
15 · Other assets
end of year $6,802
-
17 · Accounts payable and accrued expenses
beginning of year $8,877 · end of year $7,684
-
25 · Other liabilities
beginning of year $0 · end of year $6,802
-
27 · Net assets without donor restrictions
beginning of year $8,463,589 · end of year $8,905,135
-
28 · Net assets with donor restrictions
beginning of year $117,000 · end of year $117,000
Mission and programs · 2022
Mission
TEXAS RURAL COMMUNITIES, INC (TRC) MAKES A LONG-TERM COMMITMENT TO ASSISTING RURAL COMMUNITIES, INDIVIDUALS, GROUPS AND SUPPORT ORGANIZATIONS IN CREATING, SUSTAINING AND ENABLING SELF-SUFFICIENT, VIABLE RURAL DEVELOPMENT ENTERPRISES THAT IMPROVE OR MAINTAIN THE QUALITY OF RURAL LIFE, THROUGH INDEPENDENT AND COOPERATIVE VENTURES.
-
RURAL DEVELOPMENT LOANS - LOANS ARE MADE TO RURAL BUSINESSES IN DEFINED PROGRAM AREAS THAT MEET CRITERIA ESTABLISHED BY THE BOARD OF DIRECTORS LOANS FOR THE ACQUISITION OF FARM AND RANCH REAL ESTATE HAVE BEEN MADE INDEPENDENTLY BY TRC TO THE AGRICULTURAL PRODUCER AND ALSO IN COOPERATION WITH THE FARM SERVICE AGENCY (FSA) IN THESE PARTICIPATION LOANS, TRC FUNDS APPROXIMATELY HALF OF THE BORROWER'S LOAN AND RECEIVES FIRST LIEN ON THE REAL ESTATE WITH THE FSA FUNDING THE REMAINING LOAN AND RECEIVING A SUBORDINATE LIEN.
Expenses $130,918 · Revenue $110,884
-
GRANTS AND CONTRIBUTION PROGRAMS - GRANTS AND CONTRIBUTIONS ARE MADE TO ASSIST RURAL COMMUNITIES, INDIVIDUALS, GROUPS, AND SUPPORT ORGANIZATIONS IN CREATING, SUSTAINING, AND ENABLING SELF-SUFFICIENT, VIABLE RURAL DEVELOPMENTS THAT IMPROVE OR MAINTAIN THE QUALITY OF RURAL LIFE.
Expenses $50,719 · Grants $47,000
As filed on the 2022 return.
Listed in Part VII
-
Gw NealGW NEAL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Travis LoeTRAVIS LOE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Greg A AkinsGREG A AKINS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Socorro EspinozaSOCORRO ESPINOZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad HillBRAD HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frederick NewhouseFREDERICK NEWHOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alfredo ChaparroALFREDO CHAPARRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nora Linares-MoellerNORA LINARES-MOELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Enrique Montalvo JrENRIQUE MONTALVO JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rolando SalinasROLANDO SALINAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra TenorioSANDRA TENORIO
EXECUTIVE DIRECTOR
- Total calculated
- $139,385
- From this org
- $107,449
- From related orgs
- $0
- Other
- $31,936
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332619349300948
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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