CENTRAL TEXAS ANGEL NETWORK: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- CENTRAL TEXAS ANGEL NETWORK (EIN 30-0358356)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-14
- IRS object ID
- 201933189349309483
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-14T15:01:47-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 475675853 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RATHMANN & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 54 RAINEY ST 1021 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300358356 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTRAL TEXAS ANGEL NETWORK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CENT | BusinessNameControlTxt |
| Phone | 5125186054 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5435 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 787635435 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KELSEY AUGUST | PersonNm |
| Person Title | BOARD MEMBER | PersonTitleTxt |
| Phone | 5125186054 | PhoneNum |
| Signature | 2019-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HILDA RODARTE CPA | PreparerPersonNm |
| PTIN | P02217176 | PTIN |
| Phone | 5125932999 | PhoneNum |
| Preparation | 2019-11-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 52.37.240.203 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-11-14 | IPDt |
| IP Tm | 15:01:47 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | C6BFE9B9451D3161986EC9CFF6FB4538422B6306 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 873E991775B81B6CA5F11CF0000AD3A3752F560F | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KELSEY AUGUST | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5435 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 787635435 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $364,182 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTP://CENTRALTEXASANGELNETWORK.COM/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | CENTRAL TEXAS ANGEL NETWORK EXEMPT PURPOSE IS TO PROMOTE AND STIMULATE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS AND THE CENTRAL TEXAS AREA. THIS IS ACCOMPLISHED BY WORKING WITH EARLY-STAGE COMPANIES TO ASSIST THEM IN THEIR EFFORTS TO START, FUND, AND GROW NEW COMPANIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Volunteers | 214 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $344,152 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $363,058 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $1,124 | CYOtherRevenueAmt |
| PY Total Revenue | $344,152 | PYTotalRevenueAmt |
| CY Total Revenue | $364,182 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $209,073 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $186,336 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $116,396 | PYOtherExpensesAmt |
| CY Other Expenses | $103,311 | CYOtherExpensesAmt |
| PY Total Expenses | $325,469 | PYTotalExpensesAmt |
| CY Total Expenses | $289,647 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $18,683 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $74,535 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $154,261 | TotalAssetsBOYAmt |
| Total Assets EOY | $244,096 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $36,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $51,300 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $118,261 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $192,796 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CENTRAL TEXAS ANGEL NETWORK EXEMPT PURPOSE IS TO PROMOTE AND STIMULATE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS AND THE CENTRAL TEXAS AREA. THIS IS ACCOMPLISHED BY WORKING WITH EARLY-STAGE COMPANIES TO ASSIST THEM IN THEIR EFFORTS TO START,FUND, AND GROW NEW COMPANIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $238,372 | ExpenseAmt |
| Revenue | $364,182 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 1. HOSTED MORE THAN 60 EVENTS AND MEETINGS, ALL FOCUSED ON HELPING ACCREDITED INVESTORS AND ENTREPRENEURS BUILD SUCCESSFUL EARLY-STAGE COMPANIES. 2. MENTORED AND EDUCATED ENTREPRENEURS VIA 5 INVESTOR MENTOR HOURS, 5 FUNDING FORUM ENTREPRENEUR WORKSHOPS, DOZENS OF COMMUNITY EDUCATION PANELS, AND DOZENS OF SPEAKING ENGAGEMENTS IN WHICH WE TAUGHT ENTERPRENEURS ABOUT SEEKING CAPITAL AND WORKING WITH ANGEL INVESTORS. 3. LED 4 INVESTOR EDUCATION EVENTS, INTRODUCING NEW MEMBERS TO INVESTING PRINCIPLES AND TEACHING MEMBERS TOPICS RELEVANT TO EARLY-STAGE INVESTING. 4. GREW OUR MEMBERSHIP WITH MORE THAN 47 NEW MEMBERS. 5. INCREASED OUR OUTREACH TO SUPPORT OUR BUSINESS COMMUNITY WORK THROUGH NEW AND EXPANDED COMMUNITY PARTNERSHIPS WITH ENTREPRENEUR SUPPORT ORGANIZATIONS. 6. CTAN MEMBERS INVESTED MORE MORE THAN 14.7 MILLION INTO 40 COMPANIES IN 2018; 13 OF THOSE COMPANIES WERE NEW TO OUR MEMBERS' PORTFOLIOS. MEMBERS INCREASED SUPPORT TO THEIR EXISTING PORTFOLIOS WITH FOLLOW-ON INVESTMENTS IN 27 COMPANIES. THIS 14.7 MILLION REPRESENTS THE HIGHEST AMOUNT INVESTED IN ONE YEAR IN ORGANIZATION HISTORY. CTAN MEMBERS HAVE NOW INVESTED MORE THAN 108 MILLION INTO 174 EARLY-STAGE COMPANIES OVER THE HISTORY OF THE ORGANIZATION. 7. CTAN MEMBERS VOLUNTEERED MORE THAN 5,000 HOURS IN THE BUSINESS COMMUNITY, MENTORING AND ADVISING EARLY-STAGE COMPANIES. 8. FOR THE FIFTH YEAR IN A ROW, CTAN WAS NAMED A TOP 5 MOST ACTIVE ANGEL GROUP IN THE NATION IN 2018 BY ANGEL CAPITAL ASSOCIATION, AND FOR THE THIRD TIME IN THE LAST FIVE YEARS, CTAN WAS NAMED THE 1 MOST ACTIVE ANGEL GROUP IN THE NATION FOR 2018. 9. HOSTED OUR SECOND-ANNUAL PORTFOLIO SUMMIT, WITH A FULL DAY OF EDUCATIONAL CONTENT AND NETWORKING TO SUPPORT PORTFOLIO COMPANIES, MEMBERS, AND BUSINESS LEADERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $238,372 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KELSEY AUGUST | PersonNm |
| Phone | 5125186054 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5435 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 787635435 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|
| KELSEY AUGUST | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | |
| CRAIG HARRIS | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | |
| MICHAEL MISIKOFF | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JOHN PAULOS | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | Yes (X) |
| TOM ROGERS | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | Yes (X) |
| REBEKAH RYAN | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | |
| JOHN SHAW | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 900099 | $251,398 | $251,398 |
| ENTREPRENEUR FEES | 900099 | $85,750 | $85,750 |
| SPONSORSHIPS | 900099 | $25,910 | $25,910 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $363,058 | TotalProgramServiceRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Total Revenue Column | $1,124 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,124 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,124 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $364,182 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $364,182 | RelatedOrExemptFuncIncomeAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,106 | TotalAmt |
| Program Services | $135,096 | ProgramServicesAmt |
| Management And General | $15,011 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,701 | TotalAmt |
| Program Services | $22,231 | ProgramServicesAmt |
| Management And General | $2,470 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,529 | TotalAmt |
| Program Services | $10,376 | ProgramServicesAmt |
| Management And General | $1,153 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,227 | TotalAmt |
| Management And General | $1,227 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,317 | TotalAmt |
| Management And General | $6,317 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,611 | TotalAmt |
| Management And General | $3,611 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,457 | TotalAmt |
| Management And General | $4,457 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| ENTREPRENUER EVALUATION C | $43,132 | $43,132 | |
| MEMBER EVENT | $18,608 | $18,608 | |
| SOFTWARE SUBSCRIPTION | $10,474 | $10,474 | |
| MEMBERSHIP EDUCATION | $7,429 | $7,429 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,056 | TotalAmt |
| Program Services | $1,500 | ProgramServicesAmt |
| Management And General | $6,556 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $289,647 | TotalAmt |
| Program Services | $238,372 | ProgramServicesAmt |
| Management And General | $51,276 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $154,261 | BOYAmt |
| EOY | $244,096 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $154,261 | BOYAmt |
| EOY | $244,096 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,000 | BOYAmt |
| EOY | $51,300 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,000 | BOYAmt |
| EOY | $51,300 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,261 | BOYAmt |
| EOY | $192,796 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,261 | BOYAmt |
| EOY | $192,796 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $154,261 | BOYAmt |
| EOY | $244,096 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $74,535 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | false | FSAuditedInd |
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Substantially All Dues Nonded | Yes (true) | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | Yes (true) | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | false | AgreeCarryoverPriorYearInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | CENTRAL TEXAS ANGEL NETWORK EXEMPT PURPOSE IS TO PROMOTE AND STIMULATE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS AND THE CENTRAL TEXAS AREA. THIS IS ACCOMPLISHED BY WORKING WITH EARLY-STAGE COMPANIES TO ASSIST THEM IN THEIR EFFORTS TO START,FUND, AND GROW NEW COMPANIES. |
| FORM 990, PAGE 2, PART III, LINE 4D | 1. HOSTED MORE THAN 60 EVENTS AND MEETINGS, ALL FOCUSED ON HELPING ACCREDITED INVESTORS AND ENTREPRENEURS BUILD SUCCESSFUL EARLY-STAGE COMPANIES. 2. MENTORED AND EDUCATED ENTREPRENEURS VIA 5 INVESTOR MENTOR HOURS, 5 FUNDING FORUM ENTREPRENEUR WORKSHOPS, DOZENS OF COMMUNITY EDUCATION PANELS, AND DOZENS OF SPEAKING ENGAGEMENTS IN WHICH WE TAUGHT ENTERPRENEURS ABOUT SEEKING CAPITAL AND WORKING WITH ANGEL INVESTORS. 3. LED 4 INVESTOR EDUCATION EVENTS, INTRODUCING NEW MEMBERS TO INVESTING PRINCIPLES AND TEACHING MEMBERS TOPICS RELEVANT TO EARLY-STAGE INVESTING. 4. GREW OUR MEMBERSHIP WITH MORE THAN 47 NEW MEMBERS. 5. INCREASED OUR OUTREACH TO SUPPORT OUR BUSINESS COMMUNITY WORK THROUGH NEW AND EXPANDED COMMUNITY PARTNERSHIPS WITH ENTREPRENEUR SUPPORT ORGANIZATIONS. 6. CTAN MEMBERS INVESTED MORE MORE THAN 14.7 MILLION INTO 40 COMPANIES IN 2018; 13 OF THOSE COMPANIES WERE NEW TO OUR MEMBERS' PORTFOLIOS. MEMBERS INCREASED SUPPORT TO THEIR EXISTING PORTFOLIOS WITH FOLLOW-ON INVESTMENTS IN 27 COMPANIES. THIS 14.7 MILLION REPRESENTS THE HIGHEST AMOUNT INVESTED IN ONE YEAR IN ORGANIZATION HISTORY. CTAN MEMBERS HAVE NOW INVESTED MORE THAN 108 MILLION INTO 174 EARLY-STAGE COMPANIES OVER THE HISTORY OF THE ORGANIZATION. 7. CTAN MEMBERS VOLUNTEERED MORE THAN 5,000 HOURS IN THE BUSINESS COMMUNITY, MENTORING AND ADVISING EARLY-STAGE COMPANIES. 8. FOR THE FIFTH YEAR IN A ROW, CTAN WAS NAMED A TOP 5 MOST ACTIVE ANGEL GROUP IN THE NATION IN 2018 BY ANGEL CAPITAL ASSOCIATION, AND FOR THE THIRD TIME IN THE LAST FIVE YEARS, CTAN WAS NAMED THE 1 MOST ACTIVE ANGEL GROUP IN THE NATION FOR 2018. 9. HOSTED OUR SECOND-ANNUAL PORTFOLIO SUMMIT, WITH A FULL DAY OF EDUCATIONAL CONTENT AND NETWORKING TO SUPPORT PORTFOLIO COMPANIES, MEMBERS, AND BUSINESS LEADERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 WAS PREPARED BY A CPA FIRM. THE COMPLETED FORM 990 WAS CIRCULATED TO ALL BOARD MEMBERS TO PERMIT THEIR REVIEW AND COMMENT, SHOULD THEY CHOOSE TO DO SO, BEFORE FILING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION OF EMPLOYEES IS DETERMINED BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT AND RECEIVE NO COMPENSATION. IN MAKING THOSE DETE RMINATIONS, THE DIRECTORS SOUGHT TO REFERENCE MARKET BASED COMPENSATION DA TA FOR SIMILAR POSITIONS TO THE EXTENT THAT IT WAS AVAILABLE. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE COMPENSATION OF EMPLOYEES IS DETERMINED BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT AND RECEIVE NO COMPENSATION. IN MAKING THOSE DETE RMINATIONS, THE DIRECTORS SOUGHT TO REFERENCE MARKET BASED COMPENSATION DA TA FOR SIMILAR POSITIONS TO THE EXTENT THAT IT WAS AVAILABLE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION DOES NOT MAKE FINANCIAL STATEMENTS OR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC, OTHER THAN THOSE REQUIRED TO BE MADE AVAILABLE P URSUANT TO IRC SECTION 501(A) AND REGULATION 301.6104(D), OR OTHER APPLICA BLE FEDERAL OR STATE STATUTES. |