Totals
- Total revenue
- $268,393
- Total expenses
- $291,692
- Contributions and grants received
- $200,189
- Grants paid
- $54,978
- Program service revenue
- $7,857
- Investment income
- $89,510
- Other revenue
- -$29,163
- Total assets, end of year
- $1,228,559
- Total liabilities, end of year
- $27,093
- Net assets or fund balances, end of year
- $1,201,466
- Program services expenses (Part IX)
- $95,766
- Management and general expenses
- $162,362
- Fundraising expenses
- $33,564
- Program service expenses (Part III)
- $95,766
Program services were 32.8% 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.
-
1c · Fundraising events
$137,915
-
1f · All other contributions, gifts and grants
$62,274
-
2a · Program service revenue: Program Revenue
total $7,857 · related or exempt $7,857
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $42,345 · excluded $42,345
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $236,490
-
7b · Less cost or other basis and sales expenses
securities $189,325
-
7c · Gain or loss
securities $47,165 · other assets $0
-
7d · Net gain or loss
total $47,165 · excluded $47,165
-
8a · Fundraising events: gross income
$172,197
-
8a · Fundraising events: contributions included on line 1c
$137,915
-
8b · Fundraising events: direct expenses
$201,360
-
8c · Net income from fundraising events
total -$29,163 · excluded -$29,163
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $16,978 · program services $16,978
-
2 · Grants to domestic individuals
total $38,000 · program services $38,000
-
5 · Compensation of officers, directors and key employees
total $89,620 · management and general $89,620
-
7 · Other salaries and wages
total $91,812 · program services $30,592 · management and general $32,845 · fundraising $28,375
-
8 · Pension plan contributions
total $4,366 · program services $1,455 · management and general $1,562 · fundraising $1,349
-
9 · Other employee benefits
total $5,627 · program services $1,875 · management and general $2,013 · fundraising $1,739
-
10 · Payroll taxes
total $6,798 · program services $2,265 · management and general $2,432 · fundraising $2,101
-
11c · Fees: accounting
total $5,475 · management and general $5,475
-
11f · Fees: investment management
total $9,828 · management and general $9,828
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $1,883 · management and general $1,883
-
13 · Office expenses
total $9,981 · management and general $9,981
-
17 · Travel
total $76 · management and general $76
-
19 · Conferences, conventions and meetings
total $3,088 · management and general $3,088
-
23 · Insurance
total $2,585 · management and general $2,585
-
24a · Other expenses: COMMITTEE & FORUMS
total $4,601 · program services $4,601
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $974 · management and general $974
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $120,308 · end of year $41,109
-
2 · Savings and temporary cash investments
end of year $239,420
-
4 · Accounts receivable
beginning of year $16,169 · end of year $14,910
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $11,938 · end of year $13,675
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,072,215 · end of year $914,947
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $4,498
-
17 · Accounts payable and accrued expenses
beginning of year $8,566 · end of year $6,493
-
19 · Deferred revenue
beginning of year $7,000 · end of year $20,600
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $12,356 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,067,294 · end of year $1,083,452
-
28 · Net assets with donor restrictions
beginning of year $125,414 · end of year $118,014
Mission and programs · 2023
Mission
WE DEVELOP INNOVATIVE PROGRAMS, PROVIDE SCHOLARSHIPS, OFFER EDUCATION GRANTS, WHICH SUPPORT THE CONSTRUCTION EDUCATION COMMUNITY.
-
UNIVERSITY GRANTS AND STUDENT SCHOLARSHIPS IN AREAS OF CONSTRUCTION AND CIVIL ENGINEERING.
Expenses $95,766 · Grants $54,978 · Revenue $7,857
As filed on the 2023 return.
Listed in Part VII
-
Beck DandoBECK DANDO
Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
Kyle PachecoKYLE PACHECO
Chair-Elect
- Total calculated
- $0
- Hours/week
- 1
-
Terri GaberTERRI GABER
chair
- Total calculated
- $0
- Hours/week
- 1
-
Brent Guice
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gradlin Franks
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joe RivasJOE RIVAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kolby May
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Logan HarperLOGAN HARPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael Manry
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larinda SmithLARINDA SMITH
TEXO FDN MANAGER
- Total calculated
- $89,620
- From this org
- $84,380
- From related orgs
- $0
- Other
- $5,240
- Hours/week
- 40
-
Meloni RaneyMELONI RANEY
PRESIDENT/CEO
- Total calculated
- $289,348
- From this org
- $0
- From related orgs
- $265,655
- Other
- $23,693
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $0 + $197,955 related
- Bonus
- $0 + $57,500 related
- Other
- $0 + $10,200 related
- Deferred
- $0 + $17,693 related
- Nontaxable benefits
- $0 + $6,000 related
- Filer's total
- $0 + $289,348 related
-
Ashlyn SmithASHLYN SMITH
VP OF MEMBER PROGRAMS AND SERVICES
- Total calculated
- $158,344
- From this org
- $0
- From related orgs
- $133,048
- Other
- $25,296
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $133,048 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $7,314 related
- Nontaxable benefits
- $0 + $17,982 related
- Filer's total
- $0 + $158,344 related
-
Todd HoltzTODD HOLTZ
VP OF OPERATIONS
- Total calculated
- $174,616
- From this org
- $0
- From related orgs
- $167,792
- Other
- $6,824
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $167,792 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $824 related
- Nontaxable benefits
- $0 + $6,000 related
- Filer's total
- $0 + $174,616 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- TEXO ABC AGC, INC., A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, COMPENSATION SURVEYS, APPROVAL BY THE TEXO FOUNDATION BOARD, AND FORM 990 OF OTHER ORGANIZATIONS TO SET COMPENSATION FOR THE EXECUTIVE DIRECTOR.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
Texas State University
$10,000
Equipment to enhance construction education
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(6) · ASSOCIATION · TX
Directly controlled by NA
-
TEXO PAC
527 · LOBBYING · TX · controlled entity
Directly controlled by TEXO
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349310563
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