Civic Intelligence

IT'S Time Texas Inc

990 • Fiscal year 2022 • EIN 43-2051509

Jan 01, 2022 to Dec 31, 2022 • Filed on Jan 23, 2024

13492 Research Blvd Ste 120-278Austin, TX 78750

(512) 533-9555

Siviq Scores

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

Liabilities / Assets

50th percentile

0.06x

Higher debt load relative to assets than 50% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

81st percentile

$135,957

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

9th percentile

-18%

Faster asset growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-3.8%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,174,112

Down $492,550 (-18%) from 2021

Net Assets

Down

$2,038,969

Down $419,455 (-17%) from 2021

Liabilities

Down

$135,143

Down $73,095 (-35%) from 2021

Revenue

Down

$3,609,658

Down $142,915 (-3.8%) from 2021

Expenses

Up

$4,029,113

Up $519,354 (+15%) from 2021

Net Income

Down

-$419,455

Down $662,269 (-273%) from 2021

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $723,046Liabilities 2011: $40,388Net Assets 2011: $682,6582011Assets 2012: $942,864Liabilities 2012: $38,857Net Assets 2012: $904,0072012Assets 2013: $1,237,721Liabilities 2013: $15,292Net Assets 2013: $1,222,4292013Assets 2014: $2,199,595Liabilities 2014: $53,002Net Assets 2014: $2,146,5932014Assets 2015: $2,670,594Liabilities 2015: $9,956Net Assets 2015: $2,660,6382015Assets 2016: $3,285,862Liabilities 2016: $112,443Net Assets 2016: $3,173,4192016Assets 2017: $3,061,419Liabilities 2017: $207,938Net Assets 2017: $2,853,4812017Assets 2018: $2,492,846Liabilities 2018: $221,419Net Assets 2018: $2,271,4272018Assets 2019: $2,381,019Liabilities 2019: $228,631Net Assets 2019: $2,152,3882019Assets 2020: $2,420,995Liabilities 2020: $205,385Net Assets 2020: $2,215,6102020Assets 2021: $2,666,662Liabilities 2021: $208,238Net Assets 2021: $2,458,4242021Assets 2022: $2,174,112Liabilities 2022: $135,143Net Assets 2022: $2,038,9692022Assets 2023: $1,884,427Liabilities 2023: $153,742Net Assets 2023: $1,730,6852023Assets 2024: $1,392,575Liabilities 2024: $495,697Net Assets 2024: $896,8782024

Highlighted filing

2022

Assets$2,174,112
Liabilities$135,143
Net Assets$2,038,969

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,761,403Expenses 2011: $1,375,236Net Income 2011: $386,1672011Revenue 2012: $1,351,806Expenses 2012: $1,241,069Net Income 2012: $110,7372012Revenue 2013: $1,390,048Expenses 2013: $1,071,626Net Income 2013: $318,4222013Revenue 2014: $3,155,794Expenses 2014: $2,231,630Net Income 2014: $924,1642014Revenue 2015: $2,707,193Expenses 2015: $2,193,148Net Income 2015: $514,0452015Revenue 2016: $2,658,191Expenses 2016: $2,145,410Net Income 2016: $512,7812016Revenue 2017: $2,419,030Expenses 2017: $2,738,968Net Income 2017: -$319,9382017Revenue 2018: $2,623,998Expenses 2018: $3,206,052Net Income 2018: -$582,0542018Revenue 2019: $3,422,555Expenses 2019: $3,541,594Net Income 2019: -$119,0392019Revenue 2020: $3,045,323Expenses 2020: $2,982,101Net Income 2020: $63,2222020Revenue 2021: $3,752,573Expenses 2021: $3,509,759Net Income 2021: $242,8142021Revenue 2022: $3,609,658Expenses 2022: $4,029,113Net Income 2022: -$419,4552022Revenue 2023: $3,676,508Expenses 2023: $3,984,792Net Income 2023: -$308,2842023Revenue 2024: $1,982,725Expenses 2024: $2,816,532Net Income 2024: -$833,8072024

Highlighted filing

2022

Revenue$3,609,658
Expenses$4,029,113
Net Income-$419,455
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 23, 2024
Return Version
2022v5.0
Gross Receipts
$3,609,658
Mission and Program Overview

Mission

It's time texas' mission is to make healthy the norm by generating a persistent demand for healthy living among all sectors of society. We envision and are committed to creating an american culture which values, demands and supports healthy living for all.

Provides health-and-fitness based resources to individuals & community institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$706,050$688,114▼ $17,936
Cash and Non-Interest-Bearing Accounts$390,510$561,283▲ $170,773
Savings and Temporary Cash Investments$711,053$444,161▼ $266,892
Pledges and Grants Receivable$798,782$437,095▼ $361,687
Prepaid Expenses and Deferred Charges$36,686$33,318▼ $3,368
Land, Buildings, and Equipment, Net$18,098$10,141▼ $7,957
Total Assets$2,666,662$2,174,112▼ $492,550
Other Assets Total$5,483--
Liabilities
Accounts Payable and Accrued Expenses$70,760$115,507▲ $44,747
Unsecured Notes Loans Payable$74,242--
Other Liabilities$63,236$19,636▼ $43,600
Total Liabilities$208,238$135,143▼ $73,095
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,449,562$1,080,809▼ $368,753
Net Assets With Donor Restrictions$1,008,862$958,160▼ $50,702
Total Net Assets Fund Balance$2,458,424$2,038,969▼ $419,455
Total Liabilities and Net Assets / Fund Balance$2,666,662$2,174,112▼ $492,550

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,141$78,779$88,920
Other Land Buildings-$16,875$16,875
Leasehold Improvements-$15,626$15,626
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jamie WilliamsCEO (sept -FT$131,367$4,590$135,957
Amy McgeadyCEO (jan - aFT$93,652$2,026$95,678
Lonnicia MaxwellVP of Ops (jFT$71,481$2,026$73,507

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Jumpstart HrHr & Consulting8 MARKET PLACE 300, Baltimore, MD 21202$106,970
Revenue and Support

Revenue Composition

Contributions and Grants
$3,521,756
Program Service Revenue
$85,290
Investment Income
$13
Other Revenue
$2,599
All Other Contributions
$1,097,029
Change in Net Assets
$-419,455

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,609,658
Revenue Not Reported on Form 990
$10,008
Total Revenue per Audited Statements
$3,619,666
Total Revenue per Form 990
$3,609,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,464,350
Other Expenses$1,401,711
Grants and Similar Amounts Paid$163,052
Total Fundraising Expense$149,890
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,629,497$124,432$102,407$1,856,336
Information Technology$256,216$52,414$4,615$313,245
Current Officers, Directors, Trustees, and Key Employees$267,162$21,381$16,599$305,142
Fees for Services Other$252,284$28,150$10,080$290,514
Payroll Taxes$153,760$11,184$9,230$174,174
Grants to Domestic Orgs$163,052--$163,052
Office Expenses$152,181$8,011$54$160,246
Other Employee Benefits$102,669$22,423$3,606$128,698
Fees for Services Legal$323$97,668-$97,991
Travel$57,710$13,455$1,163$72,328
Conferences and Meetings$62,800$54$13$62,867
Occupancy$37,359$24,174-$61,533
Advertising$54,627$1,035-$55,662
Fees for Services Accounting-$32,269-$32,269
Insurance$2,088$8,029$663$10,780
Depreciation Depletion$3,099$4,084$774$7,957
Other Expenses$6,040$443$122$443
Total Functional Expenses$3,420,778$458,445$149,890$4,029,113

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,039,121
Expenses per Audited Statements$4,029,113
Total Expenses per Form 990$4,029,113
Expenses Not Reported on Form 990$10,008
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Culinary Health Education for FamilSan Antonio, TX501c3Innovation$40,000
GALVESTON'S OWN FARMERS MARKETGalveston, TX501c3Innovation$40,000
ST VINCENT'S HOUSEGalveston, TX501c3Innovation$31,500
Fuerza UnidaSan Antonio, TX501c3Innovation$24,250
Galveston County Health DistrictLa Marque, TXGovInnovation$14,250
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds on Behalf of Others$19,636
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 11B

The form 990 was reviewed by the vp of operations with the tax return preparing cpa. A copy of the return was sent to the board of directors prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is emailed to all members of the board annually and returned to the executive committee. The executive committee reviews all potential conflicts and ensures that such transactions are not conducted.

Form 990, Page 6, Part VI, Line 15A

The board president and executive committee review the ceo's salary annually against the current market rate.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
IT'S TIME TEXAS INC
EIN
43-2051509
Phone
5125339555
Address
13492 RESEARCH BLVD STE 120-278, AUSTIN, TX 78750

Signing Officer

Name
Jamie Williams
Title
CEO
Phone
5125339555
Signed
2024-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jamie Williams
Formed
2004
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
62
Volunteers
10

Preparer

Firm
Reynolds & Franke Pc
Address
6850 AUSTIN CENTER BLVD STE 100, AUSTIN, TX 78731-3184
Preparer
Ronald H Reynolds CPA
Phone
5122063141
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

It's time texas' mission is to make healthy the norm by generating a persistent demand for healthy living among all sectors of society. We envision and are committed to creating an american culture which values, demands and supports healthy living for all.

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

It's time texas, inc. ("itt") is a statewide nonprofit organization that is leading the charge for a healthier texas. Itt's award-winning, evidence- informed programs and services empower texans to lead healthier lives, build healthier communities, and contribute to a healthier state. Itt will impact the health of more than 1 million texans in over 500 communities across the state. Itt's primary sources of income are grants and contributions received. Itt focuses on improving school, student, and family health; increasing healthy behaviors (physical activity, nutrition); and building health- related capacity among schools, employers, nonprofits, and communities. Since launching and through public and private partnerships (e.g., blue cross blue shield of texas, h-e-b, texas health and human services commission supplemental nutrition assistance program), our initiatives have impacted the health of millions of texans in hundreds of communities across the state. In a short time, itt has become the recognized leader in unifying the effort to improve the health and wellness of texans, particularly kids and families. Itt has been very successful in engaging individuals and institutions in a variety of programs and statewide initiatives.

Financial Statement Notes

Schedule D, Page 3, Part X

The most significant tax positions of itt is its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business income tax (ubit). Management has determined itt had no activities subject to ubit during the years ended december 31, 2022 and 2021. All significant tax positions have been considered by management and it has determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities.

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IRS990/Desc0IT'S TIME TEXAS, INC. ("ITT") IS A STATEWIDE NONPROFIT ORGANIZATION THAT IS LEADING THE CHARGE FOR A HEALTHIER TEXAS. ITT'S AWARD-WINNING, EVIDENCE- INFORMED PROGRAMS AND SERVICES EMPOWER TEXANS TO LEAD HEALTHIER LIVES, BUILD HEALTHIER COMMUNITIES, AND CONTRIBUTE TO A HEALTHIER STATE. ITT WILL IMPACT THE HEALTH OF MORE THAN 1 MILLION TEXANS IN OVER 500 COMMUNITIES ACROSS THE STATE. ITT'S PRIMARY SOURCES OF INCOME ARE GRANTS AND CONTRIBUTIONS RECEIVED. ITT FOCUSES ON IMPROVING SCHOOL, STUDENT, AND FAMILY HEALTH; INCREASING HEALTHY BEHAVIORS (PHYSICAL ACTIVITY, NUTRITION); AND BUILDING HEALTH- RELATED CAPACITY AMONG SCHOOLS, EMPLOYERS, NONPROFITS, AND COMMUNITIES. SINCE LAUNCHING AND THROUGH PUBLIC AND PRIVATE PARTNERSHIPS (E.G., BLUE CROSS BLUE SHIELD OF TEXAS, H-E-B, TEXAS HEALTH AND HUMAN SERVICES COMMISSION SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM), OUR INITIATIVES HAVE IMPACTED THE HEALTH OF MILLIONS OF TEXANS IN HUNDREDS OF COMMUNITIES ACROSS THE STATE. IN A SHORT TIME, ITT HAS BECOME THE RECOGNIZED LEADER IN UNIFYING THE EFFORT TO IMPROVE THE HEALTH AND WELLNESS OF TEXANS, PARTICULARLY KIDS AND FAMILIES. ITT HAS BEEN VERY SUCCESSFUL IN ENGAGING INDIVIDUALS AND INSTITUTIONS IN A VARIETY OF PROGRAMS AND STATEWIDE INITIATIVES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/MissionDesc0IT'S TIME TEXAS' MISSION IS TO MAKE HEALTHY THE NORM BY GENERATING A PERSISTENT DEMAND FOR HEALTHY LIVING AMONG ALL SECTORS OF SOCIETY. WE ENVISION AND ARE COMMITTED TO CREATING AN AMERICAN CULTURE WHICH VALUES, DEMANDS AND SUPPORTS HEALTHY LIVING FOR ALL.
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IRS990/PrincipalOfficerNm0JAMIE WILLIAMS
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REFUNDS 10,145
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MOST SIGNIFICANT TAX POSITIONS OF ITT IS ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). MANAGEMENT HAS DETERMINED ITT HAD NO ACTIVITIES SUBJECT TO UBIT DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.50$0.90$1.98$2.82$0.83
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.15$1.73$3.68$3.98$0.31
2022Detailed filing. Detailed filing data is available for this year.$2.17$0.14$2.04$3.61$4.03$0.42
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.21$2.46$3.75$3.51$0.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.21$2.22$3.05$2.98$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.23$2.15$3.42$3.54$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.22$2.27$2.62$3.21$0.58
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.21$2.85$2.42$2.74$0.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.29$0.11$3.17$2.66$2.15$0.51
2015Detailed filing. Detailed filing data is available for this year.$2.67$0.01$2.66$2.71$2.19$0.51
2014Summary only. Only limited summary data is available for this year.$2.20$0.05$2.15$3.16$2.23$0.92
2013Summary only. Only limited summary data is available for this year.$1.24$0.02$1.22$1.39$1.07$0.32
2012Summary only. Only limited summary data is available for this year.$0.94$0.04$0.90$1.35$1.24$0.11
2011Summary only. Only limited summary data is available for this year.$0.72$0.04$0.68$1.76$1.38$0.39