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Nonprofit · EIN 75-1241868

TEXAS ASSOCIATION OF DEVELOPING COLLEGES

Tax-exempt · DALLAS, TX 75247

Financials

$529K$593K2023
Revenue Expenses · by fiscal year end
Financials of TEXAS ASSOCIATION OF DEVELOPING COLLEGES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$529,121$592,559-$63,438$649,400$619,473$29,927
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$60,788
Membership dues
$60,000
Program service revenue
$450,394
Investment income
$17,939
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$11,844
Occupancy
$19,958
Program services (functional)
$423,882
Management and general (functional)
$168,677

Balance sheet and other

Total assets, start of year
$759,375
Total assets, end of year
$649,400
Total liabilities, end of year
$619,473
Net assets, end of year
$29,927
Net assets without donor restrictions
$29,927
Gross receipts
$529,121
Employees
1
Year formed
1967
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
Herman FeltonDirector
Trustee or director
3$0
Collette Pierce - BurnetteDirector
Trustee or director
3$0
Michael SorrellDirector
Trustee or director, Officer
3$0
Lester NewmanChairman
Trustee or director, Officer
3$0
Dwight FennellTreasurer
Trustee or director, Officer
3$0
Dr Tyra WilliamsExecutive Director
Key employee
20$0

Address and contacts

Address (IRS master file)
1140 EMPIRE CENTRAL DR STE 550, DALLAS, TX 75247-4392
Signed the 990
Dr Tyra Williams, Executive Direc
Return prepared by
Emma S Walker CPA

Mission

The mission of the Organization is to strategically plan, organize and direct cooperative opportunities and programs for its five member private historically black colleges and universities and serve as administrator of educational and community programs.

990 for the year ended June 30, 2024

Program accomplishments

  • With approval of the State of Texas, TADC is Administrator of the Urban Scholarship Fund. This fund is made up of funds from AT&T Utility Funds and provide 2 year private, 4 year public and Trade/Technical School Scholarship support to needy students who meet established eligibilty requirements. This includes applicants that must be full time undergraduate students and have graduated from a high school in one of 43 Texas Cities.
    Expenses $423,882

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
75-1241868
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1967
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B030)
Assets (IRS master file)
$649,400
Income (IRS master file)
$529,121

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$529,121$592,559$649,400XML
990June 2023$552,420$518,226$759,375IRS
990June 2022$584,491$531,787$723,184IRS
990June 2021–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-1241868).

Questions about TEXAS ASSOCIATION OF DEVELOPING COLLEGES

What is the EIN of TEXAS ASSOCIATION OF DEVELOPING COLLEGES?
The employer identification number (EIN) of TEXAS ASSOCIATION OF DEVELOPING COLLEGES is 75-1241868.
Is TEXAS ASSOCIATION OF DEVELOPING COLLEGES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
Are donations to TEXAS ASSOCIATION OF DEVELOPING COLLEGES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TEXAS ASSOCIATION OF DEVELOPING COLLEGES file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TEXAS ASSOCIATION OF DEVELOPING COLLEGES due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TEXAS ASSOCIATION OF DEVELOPING COLLEGES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who are the officers and directors of TEXAS ASSOCIATION OF DEVELOPING COLLEGES?
The 990 for the year ended June 30, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does TEXAS ASSOCIATION OF DEVELOPING COLLEGES have?
On its 990 for the year ended June 30, 2024 it reported revenue of $529,121, expenses of $592,559 and total assets of $649,400 at year end.

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