Civic Intelligence

North East Tarrant Tea Party Inc

990 • Fiscal year 2022 • EIN 27-2998683

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 07, 2022

3617 Greenbriar CTColleyville, TX 76034

(817) 800-0192

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

Higher debt load relative to assets than 66% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Net Margin

50th percentile

4.9%

Higher net margin than 50% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

79th percentile

22%

Faster asset growth than 79% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

121%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$129,278

Up $23,046 (+22%) from 2021

Net Assets

Up

$126,570

Up $20,338 (+19%) from 2021

Liabilities

Up

$2,708

Up $2,708 from 2021

Revenue

Up

$418,865

Up $229,073 (+121%) from 2021

Expenses

Up

$398,527

Up $303,125 (+318%) from 2021

Net Income

Down

$20,338

Down $74,052 (-78%) from 2021

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

2022

Assets$129,278
Liabilities$2,708
Net Assets$126,570

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

2022

Revenue$418,865
Expenses$398,527
Net Income$20,338
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 7, 2022
Return Version
2021v4.0
Gross Receipts
$418,865
Mission and Program Overview

Mission

The organization is organized and shall be operated exclusively for the promotion of social welfare within the meaning of section 501(c)(4) of the internal revenue code of 1986, as amended (the"code") and the regulations as promulgated under the code as they now exist or as they may hererafter be amended ("regulations"). All referenced to any section of the code shall imply a reference to the regulations promulgated thereunder. Within the scope of the foregoing purposes, the organization is organized and shall be operated to advocate (in federal, state and local governments) for limited government, fiscal responsibility, personal responsibility, the rule of law, and state and national sovereignty in order to further the common good and to promote the general welfare in the state of texas and the united states of ameroica.

Regular meetings were held monthly in which various speakers gave talks on topics related to the exempt purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$106,232$128,632▲ $22,400
Other Notes and Loans Receivable, Net-$646-
Total Assets$106,232$129,278▲ $23,046
Liabilities
Other Liabilities-$1,529-
Accounts Payable and Accrued Expenses-$1,179-
Total Liabilities$0$2,708▲ $2,708
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$106,232$126,570▲ $20,338
Total Net Assets Fund Balance$106,232$126,570▲ $20,338
Total Liabilities and Net Assets / Fund Balance$106,232$129,278▲ $23,046
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fran RhodesPresident
Fred MccartyDirector
Robert SmithDirector
Julie MccartyCEO
Patricia DateSecretary
Allan SolmonTreasurer
Charlie LevittVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$322,820
Investment Income
$0
Other Revenue
$96,045
Change in Net Assets
$20,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$231,738
Salaries, Compensation, and Employee Benefits$166,789
Total Fundraising Expense$63,838
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$148,107--$148,107
Conferences and Meetings--$63,838$63,838
Advertising$43,188--$43,188
Occupancy$41,386--$41,386
Fees for Services Other$32,708--$32,708
Travel$26,361--$26,361
Payroll Taxes$18,682--$18,682
Office Expenses$13,191--$13,191
Information Technology$10,675--$10,675
Insurance$391--$391
Total Functional Expenses$334,689$0$63,838$398,527
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$1,529
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
No
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

There are no material differences in voting rights between members of the board of directors

Form 990, Page 6, Part VI, Line 1A

There are no executive committees.

Form 990, Page 6, Part VI, Line 2

Fred mccarty julie mccarty board member cewo/board m family

Form 990, Page 6, Part VI, Line 7A

If there is an opening on the board of directors, nominations are made by the remaining members and voted on by the remaining members of the board of directors.

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

Policies and procedures governing chapters. The organization has authorized satellite meeting locations. 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 organization 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 president and/or treasurer of the organization.

Filing and Contact Details

Filer

Filer Name
True Texas Project Inc
EIN
27-2998683
Phone
8178000192
Address
3617 GREENBRIAR CT, COLLEYVILLE, TX 76034

Signing Officer

Name
Allan Solmon
Title
Treasurer
Phone
8178000192
Signed
2022-11-07

Organization Details

Principal Officer
Julie Mccarty
Formed
2010
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization is organized and shall be operated exclusively for the promotion of social welfare within the meaning of section 501(c)(4) of the internal revenue code of 1986, as amended (the"code") and the regulations as promulgated under the code as they now exist or as they may hererafter be amended ("regulations"). All referenced to any section of the code shall imply a reference to the regulations promulgated thereunder. Within the scope of the foregoing purposes, the organization is organized and shall be operated to advocate (in federal, state and local governments) for limited government, fiscal responsibility, personal responsibility, the rule of law, and state and national sovereignty in order to further the common good and to promote the general welfare in the state of texas and the united states of ameroica.

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 satellite location meetings, all officers and directors are volunteers and receive no compensation.

Form 990, Page 5, Part V, Line 3B

No unrelated taxable income.

Raw XML Appendix299 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 IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE"CODE") AND THE REGULATIONS AS PROMULGATED UNDER THE CODE AS THEY NOW EXIST OR AS THEY MAY HERERAFTER BE AMENDED ("REGULATIONS"). ALL REFERENCED TO ANY SECTION OF THE CODE SHALL IMPLY A REFERENCE TO THE REGULATIONS PROMULGATED THEREUNDER. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE ORGANIZATION IS ORGANIZED AND SHALL BE OPERATED TO ADVOCATE (IN FEDERAL, STATE AND LOCAL GOVERNMENTS) FOR LIMITED GOVERNMENT, FISCAL RESPONSIBILITY, PERSONAL RESPONSIBILITY, THE RULE OF LAW, AND STATE AND NATIONAL SOVEREIGNTY IN ORDER TO FURTHER THE COMMON GOOD AND TO PROMOTE THE GENERAL WELFARE IN THE STATE OF TEXAS AND THE UNITED STATES OF AMEROICA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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 SATELLITE LOCATION MEETINGS, ALL OFFICERS AND DIRECTORS ARE VOLUNTEERS AND RECEIVE NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO UNRELATED TAXABLE INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO MATERIAL DIFFERENCES IN VOTING RIGHTS BETWEEN MEMBERS OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO EXECUTIVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FRED MCCARTY JULIE MCCARTY BOARD MEMBER CEWO/BOARD M FAMILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IF THERE IS AN OPENING ON THE BOARD OF DIRECTORS, NOMINATIONS ARE MADE BY THE REMAINING MEMBERS AND VOTED ON BY THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7POLICIES AND PROCEDURES GOVERNING CHAPTERS. THE ORGANIZATION HAS AUTHORIZED SATELLITE MEETING LOCATIONS. 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 ORGANIZATION 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/ExplanationTxt8A 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/ExplanationTxt9THE 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 PRESIDENT AND/OR TREASURER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0106232
IRS990/TotalAssetsEOYAmt0129278
IRS990/TotalAssetsGrp/BOYAmt0106232
IRS990/TotalAssetsGrp/EOYAmt0129278
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt063838
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0334689
IRS990/TotalFunctionalExpensesGrp/TotalAmt0398527
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02708
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02708
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0106232
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0126570
IRS990/TotalProgramServiceExpensesAmt0334689
IRS990/TotalProgramServiceRevenueAmt0322820
IRS990/TotalRevenueGrp/ExclusionAmt096045
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0322820
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0418865
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0106232
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0129278
IRS990/TravelGrp/ProgramServicesAmt026361
IRS990/TravelGrp/TotalAmt026361
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.TRUETEXASPROJECT.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLAN SOLMON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08178000192
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRUE TEXAS PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0TRUE
ReturnHeader/Filer/EIN0272998683
ReturnHeader/Filer/PhoneNum08178000192
ReturnHeader/Filer/USAddress/AddressLine1Txt03617 GREENBRIAR CT
ReturnHeader/Filer/USAddress/CityNm0COLLEYVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076034
ReturnHeader/ReturnTs02023-03-15T19:40:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALLAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SOLMON
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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