Civic Intelligence

North East Tarrant Tea Party Inc

990 • Fiscal year 2021 • EIN 27-2998683

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 29, 2021

2300 Valley View Lane Ste 242Irving, TX 75062-1826

(214) 507-8040

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Net Margin

90th percentile

50%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Asset Growth

98th percentile

274%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

93rd percentile

197%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2021

Assets

Up

$106,232

Up $98,651 (+1301%) from 2019

Net Assets

Up

$106,232

Up $98,651 (+1301%) from 2019

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$189,792

Up $168,246 (+781%) from 2019

Expenses

Up

$95,402

Up $70,190 (+278%) from 2019

Net Income

Up

$94,390

Up $98,056 (+2675%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2016: $26,475Net Assets 2016: $26,4752016Assets 2017: $21,718Net Assets 2017: $21,7182017Assets 2018: $11,247Net Assets 2018: $11,2472018Assets 2019: $7,581Net Assets 2019: $7,5812019Assets 2021: $106,232Liabilities 2021: $0Net Assets 2021: $106,2322021Assets 2022: $129,278Liabilities 2022: $2,708Net Assets 2022: $126,5702022Assets 2023: $67,034Liabilities 2023: $3,250Net Assets 2023: $63,7842023Assets 2024: $162,789Liabilities 2024: $17,152Net Assets 2024: $145,6372024Assets 2025: $195,759Liabilities 2025: $6,413Net Assets 2025: $189,3462025

Highlighted filing

2021

Assets$106,232
Liabilities$0
Net Assets$106,232

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $43,877Expenses 2016: $24,544Net Income 2016: $19,3332016Revenue 2017: $17,445Expenses 2017: $22,202Net Income 2017: -$4,7572017Revenue 2018: $13,662Expenses 2018: $24,133Net Income 2018: -$10,4712018Revenue 2019: $21,546Expenses 2019: $25,212Net Income 2019: -$3,6662019Revenue 2021: $189,792Expenses 2021: $95,402Net Income 2021: $94,3902021Revenue 2022: $418,865Expenses 2022: $398,527Net Income 2022: $20,3382022Revenue 2023: $352,827Expenses 2023: $415,613Net Income 2023: -$62,7862023Revenue 2024: $506,308Expenses 2024: $424,455Net Income 2024: $81,8532024Revenue 2025: $381,156Expenses 2025: $336,128Net Income 2025: $45,0282025

Highlighted filing

2021

Revenue$189,792
Expenses$95,402
Net Income$94,390
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 29, 2021
Return Version
2020v4.0
Gross Receipts
$226,693
Mission and Program Overview

Mission

Regularly meetings were held monthly in which various speakers gave talks on topics related to the exempt purposes (see schedule o.)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,842$106,232▲ $94,390
Rtn Earn Endowment Incm Other Fnds$11,842$106,232▲ $94,390
Total Assets$11,842$106,232▲ $94,390
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,842$106,232▲ $94,390
Total Liabilities and Net Assets / Fund Balance$11,842$106,232▲ $94,390
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fran RhodesPresident
Fred MccartyDirector
Allan SolmonAssistant Tr
Julie Mc CartyCEO
Patricia DateSecretary
Robert SmithTreasurer
Charlie LevittVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$26,112
Program Service Revenue
$147,127
Investment Income
$0
Other Revenue
$16,553
Change in Net Assets
$94,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,696
Salaries, Compensation, and Employee Benefits$39,706
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$34,589--$34,589
Advertising$13,775--$13,775
Occupancy$13,680--$13,680
Travel$8,924--$8,924
Office Expenses$8,710--$8,710
Payroll Taxes$5,117--$5,117
Other Expenses$949--$949
Total Functional Expenses$95,402$0$0$95,402
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,454
Fundraising Direct Expenses$36,901
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Texas Tough Din$79,566$53,454$3,063$50,391
Total Events$79,566$53,454$36,901$16,553
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Fred mccarty julie mccarty board member ceo/board me family relationship

Form 990, Page 6, Part VI, Line 4

In august 2020 this organization filed an amendment to their formation documents to change its name to true texas project, inc. The state of texas accepted the change. Notice was given to the internal revenue service within the timely filed form 990ez for the twelve months ended june 30, 2020. All filings with the internal revenue service and other government entities used the amended name after august 2020.

Form 990, Page 6, Part VI, Line 8B

The organization has no committees with governance authority other the the board of directors.

Form 990, Page 6, Part VI, Line 10B

The organization has authorized satellite meeting locations during the current fiscal year. The organization provides speakers and/or video access to meetings held by the organization. Local coordinators are empowered to provide the satellite meeting location, collect contributions and deposit contributions in the organizations bank accounts. The oganization provides a letter of agreement to the local coordinator to ensure that their operations are consistent with the organizations tax exempt purpose. The letter agreement specifies the policies, procedures, terms and conditions under which the local coordinator may conduct satellite meetings and use the organizations name and materials. The organization can terminate the agreement if it deems the local coordinator is not in compliance with the letter of agreement. All contributions and expenses of the satellite meeting locations are under the control of the organization.

Form 990, Page 6, Part VI, Line 11B

A complete copy of this form 990 was provided to each member of the board of directors prior to filing. There is no formal review process dictated by the board of directors. Directors were provided a 5 day period to comment or recommend changes or corrections before the filing of this form 990.

Form 990, Page 6, Part VI, Line 19

The organization will allow inspection of documents required by law to be available for public review, in their office, by appointment, if a written request has been made. The time and date of an appointment is subject to the availability of the treasurer of the organization.

Filing and Contact Details

Filer

Filer Name
True Texas Project Inc
EIN
27-2998683
Phone
2145078040
Address
2300 VALLEY VIEW LANE STE 242, IRVING, TX 75062-1826

Signing Officer

Name
Robert Smith
Title
Treasurer
Phone
2145078040
Signed
2021-09-29

Organization Details

Principal Officer
Robert Smith
Formed
2010
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
100
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

The organization uses volunteers to greet attendees, to serve meals prior to the meeting, to collect donations, to give talks, to introduce speakers, to conduct meetings, and as local coordinators for satillite location meetings, all officers and directors are volunteers and receive no compensation.

Form 990, Page 2, Part III, Line 4D

Regularly meetings were scheduled and talks were given by different individuals on topics related to the organizations exempt purpose (see schedule o.)

Raw XML Appendix309 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USES VOLUNTEERS TO GREET ATTENDEES, TO SERVE MEALS PRIOR TO THE MEETING, TO COLLECT DONATIONS, TO GIVE TALKS, TO INTRODUCE SPEAKERS, TO CONDUCT MEETINGS, AND AS LOCAL COORDINATORS FOR SATILLITE LOCATION MEETINGS, ALL OFFICERS AND DIRECTORS ARE VOLUNTEERS AND RECEIVE NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REGULARLY MEETINGS WERE SCHEDULED AND TALKS WERE GIVEN BY DIFFERENT INDIVIDUALS ON TOPICS RELATED TO THE ORGANIZATIONS EXEMPT PURPOSE (SEE SCHEDULE O.)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FRED MCCARTY JULIE MCCARTY BOARD MEMBER CEO/BOARD ME FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN AUGUST 2020 THIS ORGANIZATION FILED AN AMENDMENT TO THEIR FORMATION DOCUMENTS TO CHANGE ITS NAME TO TRUE TEXAS PROJECT, INC. THE STATE OF TEXAS ACCEPTED THE CHANGE. NOTICE WAS GIVEN TO THE INTERNAL REVENUE SERVICE WITHIN THE TIMELY FILED FORM 990EZ FOR THE TWELVE MONTHS ENDED JUNE 30, 2020. ALL FILINGS WITH THE INTERNAL REVENUE SERVICE AND OTHER GOVERNMENT ENTITIES USED THE AMENDED NAME AFTER AUGUST 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NO COMMITTEES WITH GOVERNANCE AUTHORITY OTHER THE THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS AUTHORIZED SATELLITE MEETING LOCATIONS DURING THE CURRENT FISCAL YEAR. THE ORGANIZATION PROVIDES SPEAKERS AND/OR VIDEO ACCESS TO MEETINGS HELD BY THE ORGANIZATION. LOCAL COORDINATORS ARE EMPOWERED TO PROVIDE THE SATELLITE MEETING LOCATION, COLLECT CONTRIBUTIONS AND DEPOSIT CONTRIBUTIONS IN THE ORGANIZATIONS BANK ACCOUNTS. THE OGANIZATION PROVIDES A LETTER OF AGREEMENT TO THE LOCAL COORDINATOR TO ENSURE THAT THEIR OPERATIONS ARE CONSISTENT WITH THE ORGANIZATIONS TAX EXEMPT PURPOSE. THE LETTER AGREEMENT SPECIFIES THE POLICIES, PROCEDURES, TERMS AND CONDITIONS UNDER WHICH THE LOCAL COORDINATOR MAY CONDUCT SATELLITE MEETINGS AND USE THE ORGANIZATIONS NAME AND MATERIALS. THE ORGANIZATION CAN TERMINATE THE AGREEMENT IF IT DEEMS THE LOCAL COORDINATOR IS NOT IN COMPLIANCE WITH THE LETTER OF AGREEMENT. ALL CONTRIBUTIONS AND EXPENSES OF THE SATELLITE MEETING LOCATIONS ARE UNDER THE CONTROL OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A COMPLETE COPY OF THIS FORM 990 WAS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. THERE IS NO FORMAL REVIEW PROCESS DICTATED BY THE BOARD OF DIRECTORS. DIRECTORS WERE PROVIDED A 5 DAY PERIOD TO COMMENT OR RECOMMEND CHANGES OR CORRECTIONS BEFORE THE FILING OF THIS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION WILL ALLOW INSPECTION OF DOCUMENTS REQUIRED BY LAW TO BE AVAILABLE FOR PUBLIC REVIEW, IN THEIR OFFICE, BY APPOINTMENT, IF A WRITTEN REQUEST HAS BEEN MADE. THE TIME AND DATE OF AN APPOINTMENT IS SUBJECT TO THE AVAILABILITY OF THE TREASURER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011842
IRS990/TotalAssetsEOYAmt0106232
IRS990/TotalAssetsGrp/BOYAmt011842
IRS990/TotalAssetsGrp/EOYAmt0106232
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt026112
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095402
IRS990/TotalFunctionalExpensesGrp/TotalAmt095402
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011842
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0106232
IRS990/TotalOtherProgSrvcExpenseAmt031314
IRS990/TotalProgramServiceExpensesAmt095402
IRS990/TotalProgramServiceRevenueAmt0147127
IRS990/TotalRevenueGrp/ExclusionAmt016553
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0147127
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0189792
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011842
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0106232
IRS990/TravelGrp/ProgramServicesAmt08924
IRS990/TravelGrp/TotalAmt08924
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02300 VALLEY VIEW LANE
IRS990/USAddress/AddressLine2Txt0STE 242
IRS990/USAddress/CityNm0IRVING
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075062
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.TRUETEXASPROJECT.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02145078040
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRUE TEXAS PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0TRUE
ReturnHeader/Filer/EIN0272998683
ReturnHeader/Filer/PhoneNum02145078040
ReturnHeader/Filer/USAddress/AddressLine1Txt02300 VALLEY VIEW LANE STE 242
ReturnHeader/Filer/USAddress/CityNm0IRVING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0750621826
ReturnHeader/ReturnTs02021-10-10T19:31:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMITH
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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