Form 990 for tax year 2023
Filed by TRANSITION RESOURCE ACTION CENTER.
Totals
- Total revenue
- $1,973,084
- Total expenses
- $692,042
- Contributions and grants received
- $1,972,679
- Grants paid
- $61,029
- Program service revenue
- $0
- Investment income
- $405
- Other revenue
- $0
- Total assets, end of year
- $1,709,166
- Total liabilities, end of year
- $428,124
- Net assets or fund balances, end of year
- $1,281,042
- Program services expenses (Part IX)
- $569,676
- Management and general expenses
- $105,942
- Fundraising expenses
- $16,424
- Program service expenses (Part III)
- $569,676
Program services were 82.3% 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.
-
1a · Federated campaigns
$52,500
-
1f · All other contributions, gifts and grants
$1,920,179
-
1g · Noncash contributions included above
$1,088
-
3 · Investment income
total $405 · excluded $405
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $61,029 · program services $61,029
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $41,557 · program services $39,124 · management and general $1,460 · fundraising $973
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $298,147 · program services $280,112 · management and general $10,821 · fundraising $7,214
-
8 · Pension plan contributions
total $6,081 · program services $6,081
-
9 · Other employee benefits
total $44,241 · program services $43,205 · management and general $621 · fundraising $415
-
10 · Payroll taxes
total $25,389 · program services $23,883 · management and general $904 · fundraising $602
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $39,755 · management and general $39,755
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $122,140 · program services $86,849 · management and general $28,203 · fundraising $7,088
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $2,928 · program services $2,928
-
14 · Information technology
total $3,493 · program services $1,681 · management and general $1,812
-
15 · Royalties
total $0
-
16 · Occupancy
total $4,689 · program services $4,689
-
17 · Travel
total $13,501 · program services $13,501
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $22,431 · program services $65 · management and general $22,366
-
24b · Other expenses: PROGRAM EXPENSES
total $3,383 · program services $3,383
-
24c · Other expenses: REPAIRS & mAINTENANCE
total $2,268 · program services $2,268
-
24d · Other expenses: Printing and Publications
total $448 · program services $448
-
24e · All other expenses
total $562 · program services $430 · fundraising $132
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $298,461
-
2 · Savings and temporary cash investments
end of year $575,405
-
3 · Pledges and grants receivable
end of year $805,887
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $29,413
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $428,124
-
27 · Net assets without donor restrictions
end of year $802,221
-
28 · Net assets with donor restrictions
end of year $478,821
Mission and programs · 2023
Mission
Connect young people ages 14-24, who are transitioning from substitute/foster care in North Texas toward self-sufficiency, with individualized support, planning and access to community services
-
TRAC provides a substantial amount of housing support when it comes to program expenses. Direct assistance to clients can include food, clothing, furniture, counseling services, IDs, etc. Program expenses include storage units, online learning tools (zoom, google classroom, etc), move in kits, conference fees (travel, registration, lodging, food) for youth to attend.
Expenses $569,676
As filed on the 2023 return.
Listed in Part VII
-
NAKIA DOUGLAS-thru 92024
Executive Dir.
- Total calculated
- $41,557
- From this org
- $39,384
- From related orgs
- $0
- Other
- $2,173
- Hours/week
- 40
-
Evy Kay WashburneEVY KAY WASHBURNE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Madeline ReedyMADELINE REEDY
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Madeline McClureMADELINE MCCLURE
Director
- Total calculated
- $0
- Hours/week
- 1
-
George EllisGEORGE ELLIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dave ShipleyDAVE SHIPLEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Packard-from 92024
INT. EXEC. DIR.
- Total calculated
- $0
- 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
- 2023
- Filed
- 28 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433029349302563
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