GREATER AUSTIN ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- GREATER AUSTIN ECONOMIC DEVELOPMENT CORPORATION (EIN 20-0192975)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-09-14
- IRS object ID
- 201142579349300014
- Schema version
- 2010v3.2
- 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) |
|---|---|---|
| Timestamp | 2011-09-14T08:06:43-07:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dunagan Jack LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3724 Jefferson Street Suite 307 | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78731 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200192975 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Greater Austin Economic Development Corp | BusinessNameLine1 |
| Business Name Line2 | dba Opportunity Austin | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GREA | NameControl |
| Phone | 5124789383 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 Barton Springs Road | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78704 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Mike Rollins | Name |
| Title | Pres/Sect | Title |
| Date Signed | 2011-09-14 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Bob Dunagan | Name |
| Phone | 5124208997 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4320323 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c | X | Organization501c |
| Web Site | www.opportunityaustin.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | To promote the economic vitality of Austin, Texas and the surrounding region, to encourage and support job creation and preservation, to attract and recruit new companies and industries to the Austin region, and to encourage the retention of and support the expansion of companies and industries in the Austin region. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 250 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 613805 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 796740 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3516013 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3508025 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 11718 | InvestmentIncomePriorYear |
| Investment Income Current Year | 15558 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 18918 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4160454 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4320323 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 40000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 59740 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3080972 | OtherExpensePriorYear |
| Other Expenses Current Year | 3653428 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3120972 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3713168 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1039482 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 607155 | RevenuesLessExpensesCY |
| Total Assets BOY | 2287198 | TotalAssetsBOY |
| Total Assets EOY | 2811350 | TotalAssetsEOY |
| Total Liabilities BOY | 293462 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 210459 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1993736 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2600891 | NetAssetsOrFundBalancesEOY |
| Mission Description | To promote the economic vitality of Austin, Texas and the surrounding region, to encourage and support job creation and preservation, to attract and recruit new companies and industries to the Austin region, and to encourage the retention of and support the expansion of companies and industries in the Austin region. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | Opportunity Austin raised funds from the business community in order to promote the economic vitality of Austin, Texas and the surrounding region. The Organization conducts studies and contracts with consultants to create programs and initiate methods that will attract new business to the region, provide a better educated workforce, and promote other community/business initiatives that will make Austin a better business environment and community.Several programs conducted:1. Austin Partners in Education - to assist with local education initiatives.2. Skillpoint - to provide a better trained workforce.3. Various other initiatives affecting economic development in Austin, Texas. | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | true | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | false | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 17 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Employment Tax Returns Filed | false | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Form990-T Filed | false | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Non Deductible Disclosure | false | NonDeductibleDisclosure |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Form720 Filed | false | Form720Filed |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | false | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | false | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Jan Riepen | NamePerson |
| Telephone Number | 5124789383 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 Barton Springs Road 400 | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78704 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Trey Salinas | ||||||
| Director - 2011 | 0.25 | X | 0 | 0 | 0 | |
| Tony Budet | ||||||
| Director - 2011 | 0.25 | X | 0 | 0 | 0 | |
| Tim Taylor | ||||||
| Gen Counsel | 0.25 | X | 0 | 0 | 0 | X |
| Tim Hendricks | ||||||
| Director - 2012 | 0.25 | X | 0 | 0 | 0 | |
| Tim Crowley | ||||||
| Chairman | 0.25 | X | 0 | 0 | 0 | X |
| Rob Hutton | ||||||
| Director - 2010 | 0.25 | X | 0 | 0 | 0 | |
| Rick Whiteley | ||||||
| Director - 2011 | 0.25 | X | 0 | 0 | 0 | |
| Pike Powers | ||||||
| Dir. Emeritus | 0.25 | X | 0 | 0 | 0 | |
| Pete Winstead | ||||||
| Director - 2010 | 0.25 | X | 0 | 0 | 0 | |
| Paul Bury | ||||||
| Past Chamb Pres | 0.25 | X | 0 | 0 | 0 | X |
| Nyle Maxwell | ||||||
| Director - 2012 | 0.25 | X | 0 | 0 | 0 | |
| Neel White | ||||||
| Director - 2010 | 0.25 | X | 0 | 0 | 0 | |
| Mike Rollins | ||||||
| Pres/Sect | 0.25 | X | 0 | 332804 | 35086 | X |
| Laura Gottesman | ||||||
| Director - 2012 | 0.25 | X | 0 | 0 | 0 | |
| Kerry Hall | ||||||
| Vice Chairman | 0.25 | X | 0 | 0 | 0 | X |
| Jon Foster | ||||||
| Director - 2010 | 0.25 | X | 0 | 0 | 0 | |
| Joe Holt | ||||||
| Director - 2012 | 0.25 | X | 0 | 0 | 0 | |
| Jerry Frey | ||||||
| Director - 2010 | 0.25 | X | 0 | 0 | 0 | |
| Howard Yancy | ||||||
| Director - 2010 | 0.25 | X | 0 | 0 | 0 | |
| Gary Farmer | ||||||
| Director - 2012 | 0.25 | X | 0 | 0 | 0 | |
| Donnie Williams | ||||||
| Treasurer | 0.25 | X | 0 | 0 | 0 | X |
| Don Kendrick | ||||||
| Director - 2011 | 0.25 | X | 0 | 0 | 0 | |
| David Armbrust | ||||||
| Director - 2010 | 0.25 | X | 0 | 0 | 0 | |
| Darrell Windham | ||||||
| Director - 2011 | 0.25 | X | 0 | 0 | 0 | |
| Dan Herd | ||||||
| Director - 2010 | 0.25 | X | 0 | 0 | 0 | |
| Charles Barnett | ||||||
| Director - 2011 | 0.25 | X | 0 | 0 | 0 | |
| Chad Marsh | ||||||
| Director - 2012 | 0.25 | X | 0 | 0 | 0 | |
| Bob Reetz | ||||||
| Director - 2012 | 0.25 | X | 0 | 0 | 0 | |
| Bill Powers | ||||||
| Director - 2012 | 0.25 | X | 0 | 0 | 0 | |
| Barry Meyer | ||||||
| Chamber Pres | 0.25 | X | 0 | 0 | 0 | X |
| Amy Chronis | ||||||
| Director - 2011 | 0.25 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp Frm Rltd Orgs | 332804 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 35086 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Nfusion LLC | |||||
| 5000 Plaza on the Lake 200 | Austin | TX | 78746 | Local Advertising | 270991 |
| JoEle FrankWilkinson Brimmer Katcher | |||||
| 140 East 45th St | NY | NY | 10017 | National Advertising | 120553 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Related Organizations | 475000 | RelatedOrganizations |
| Government Grants | 275000 | GovernmentGrants |
| All Other Contributions | 46740 | AllOtherContributions |
| Total Contributions | 796740 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|
| Membership Dues & Assessments | 3145020 | 3145020 |
| Contractual revenues | 363005 | 363005 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3508025 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15558 | TotalRevenueColumn |
| Exclusion | $15,558 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4320323 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3508025 | RelatedOrExemptFunctionIncome |
| Exclusion | $15,558 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19200 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6250 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59740 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45652 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6802 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Selling the Austin Region | 1364454 |
| Opportunity Fund | 50000 |
| Keeping Greater Austin Great | 167123 |
| Education | 1425180 |
| Business Retention & Expans. | 568767 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3713168 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 397623 | BOY |
| EOY | 120905 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1699365 | BOY |
| EOY | 2524962 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 137500 | BOY |
| EOY | 137500 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1239 | BOY |
| EOY | 2466 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51471 | BOY |
| EOY | 25517 | EOY |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2287198 | BOY |
| EOY | 2811350 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 293462 | BOY |
| EOY | 210459 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 293462 | BOY |
| EOY | 210459 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1909101 | BOY |
| EOY | 2555058 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84635 | BOY |
| EOY | 45833 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1993736 | BOY |
| EOY | 2600891 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2287198 | BOY |
| EOY | 2811350 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 607155 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Both | X | FinancialStatementBoth |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
| Federal Grant Audit Performed | false | FederalGrantAuditPerformed |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form1120 Pol Filed | false | Form1120PolFiled |
| Substantially All Dues Nondeduct | false | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | false | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | true | AgreeToCarryoverPriorYear |
| Dues Assessments | 3145020 | DuesAssessments |
| Non Ded Lobby Political Carryover | 190000 | NonDedLobbyPoliticalCarryover |
| Non Ded Lobby Political Total | 190000 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 157251 | AggrAmtReportedInDuesNotices |
| Amount To Be Carried Over | 32749 | AmountToBeCarriedOver |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue | 4320323 | TotalRevenue |
| Total Expenses | 3713168 | TotalExpenses |
| Excess Or Deficit For Year | 607155 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 607155 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4320323 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 4320323 | RevenueSubtotal |
| Total Revenue Per Form990 | 4320323 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3713168 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 3713168 | ExpensesSubtotal |
| Total Expenses Per Form990 | 3713168 | TotalExpensesPerForm990 |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JHL Consulting | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 12275 | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78711 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Coord. | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Gross Receipts | 56000 | GrossReceipts |
| Amount Retained By Contractor | 53000 | AmountRetainedByContractor |
| Net To Organization | 3000 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 56000 | TotalGrossReceipts |
| Total Retained By Contractors | 53000 | TotalRetainedByContractors |
| Total Net To Organization | 3000 | TotalNetToOrganization |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Mike Rollins | NamePerson |
| Comp Based On Related Orgs | 259308 | CompBasedOnRelatedOrgs |
| Bonus Related Orgs | 64900 | BonusRelatedOrgs |
| Other Compensation Related Orgs | 8596 | OtherCompensationRelatedOrgs |
| Deferred Comp Related Orgs | 30598 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Related Orgs | 4488 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Related Orgs | 367890 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Related Orgs | 372702 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Sch J, Part I, Line 6b | Identifier |
| Return Reference | Part I, Line 6b: Explanation of organization compensation contingent on net earnings from related or | ReturnReference |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990, Part VI, Line 19 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Upon written request, these documents will be made available for public inspection. |
| Form 990, Part VI, Line 15b | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | Opportunity Austin does not have paid employees. The Greater Austin Chamber of Commerce's process for determining compensation includes collection of comparable data (comparable positions of comparable organizations obtained from published salary survey reports) that is reviewed and discussed by the compensation committee comprised of board officers. Once made, the board's decision is documented and no individual with a conflict of interest is involved in the decision. |
| Form 990, Part VI, Line 11 | Form 990, Part VI, Line 11: Form 990 Review Process | Only the Finance Committee will review Form 990 prior to filing the return. A copy will be made available to the entire board at subsequent meetings. |
| Form 990, Part VI, Line 7a | Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | The affairs and activities of the corporation are managed by its Board of Directors.The number of Directors on the Board of Directors shall be no less than fifteen (15) and no more than twenty-five (25). All directors must reside or work in the Greater Austin SMSA.No less than three (3) and no more than six (6) Ex-Officio Directors will assist the corporation. Ex-Officio Directors will be selected and appointed by the Board of Directors as appropriate based on economic development programs, initiatives, and opportunities. The initial Ex-Officio Directors shall consist of:a. The Chair of the Greater Austin Chamber of Commerce;b. The Immediate Past Chair of the Greater Austin Chamber of Commerce;c. The Vice Chair for Economic Development of the Greater Austin Chamber of Commerce;d. The President of the Greater Austin Chamber of Commerce.The Chairman shall appoint the Nominating Committee. The Nominating Committee shall nominate person to be members of the Board of Directors on an annual basis and otherwise as needed to fill any vacancies.Each Director shall be elected for a term of three (3) years. There shall be no limitation on the number of consecutive or subsequent three (3)-year terms to which a Director may be elected; however, any sitting Director must be re-nominated and approved for an additional term or terms as provided in the Bylaws at the expiration of each three (3)-year term. |
| Form 990, Part VI, Line 6 | Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The membership of the corporation is restricted and limited to its Board of Directors. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| Quality of Life Foundation of Austin | ||||||||||
| 210 Barton Springs Road 400 | Austin | TX | 78704 | 742394827 | Support for activities benefiting Austin, Texas. | TX | 501(c)(3) | 7 | N/A | false |
| Greater Austin Chamber of Commerce | ||||||||||
| 210 Barton Springs Road 400 | Austin | TX | 78704 | 740492475 | Promote the civic, commercial, and other interest of Austin | TX | 501(c)(6) | N/A | false | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | true | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | true | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Quality of Life Foundation of Austin | ||
| c | 475000 | Cash |
| Greater Austin Chamber of Commerce | ||
| o | 76821 | Actual expenses |
| Greater Austin Chamber of Commerce | ||
| n | 1223248 | Actual expenses |
| Greater Austin Chamber of Commerce | ||
| e | 23324 | Cash |