Central Texas Angel Network FY2020 filing

Not tax-deductible

Austin, TX501(c)(6)Community DevelopmentEIN 30-0358356Revenue $233K in FY2020

On file with the IRSctan.comPo Box 5435, 78763-5435 · Austin, TXTax-exempt since Jul 2014

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Ctan's exempt purpose is to promote and stimulate the common business interests of its members and the Central Texas area. This purpose is achieved by assisting early stage companies in their efforts to start, fund, and grow new businesses.

$83K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $4K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$83K
to officers and key staff · 57% of spending
Concern: pay to officers and key staff is 57% of spending; over 30%.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 22.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$233K
Spent
$147K
To programs
0%
Net assets
$274K
By yearFY2020–FY2025
Revenue
$233K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$233K
FY2021$147K
FY2022$120K
FY2023$211K
FY2024$306K
FY2025$403K
Expenses
$147K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$147K
FY2021$87K
FY2022Not on file
FY2023$249K
FY2024$428K
FY2025$410K
Net assets
$274K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$274K
FY2021$339K
FY2022$315K
FY2023$278K
FY2024$76K
FY2025$72K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

10 people listed on the 990; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation
Due Diligence Associate
$48,124Pt VII · Sec A
$35,052Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Katie Russel’s $142K as Executive Director is at the 89th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Katie Russel$141,667$128,792$116,017——
Claire Hansen————$48,124
Victoria Dominguez-Edington———$40,093$35,052

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps early-stage companies start, fund, and grow new businesses in Central Texas.

Questions for Central Texas Angel Network

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Hosted more than 40 events and meetings, all focused on helping accredited investors build successful early-stage companies. Mentored and educated entrepreneurs when possible given pandemic restrictions that began in march. Held 2 entrepreneur screening sessions hosted by ctan.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$233K
Ln 12
Fees for servicesLn 2g$232K
Investment incomeLn 3$902
Money outPt IX
$147K
Ln 25
Owns and owesPt X
$274K
net assets · Ln 32
Cash and savingsLn 1–2$274K
Total assetsLn 16$274K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$232K
Investment incomeLn 3$902
Total revenueLn 12$233K
Assets in detailPt X, end of year
CashLn 1$74K
SavingsLn 2$200K
Cash and savings togetherLn 1–2$274K
Total assetsLn 16$274K
LiabilitiesLn 26$0
Net assetsLn 32$274K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$187K$274K
Total assetsLn 16$187K$274K
LiabilitiesLn 26$0$0
Net assetsLn 32$187K$274K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$89K
Other employee benefitsLn 9$888
Payroll taxesLn 10$7K
Legal feesLn 11b$6K
Other fees for servicesLn 11g$1K
Advertising and promotionLn 12$2K
Office expensesLn 13$4K
Conferences, conventions and meetingsLn 19$24K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$9K
Total functional expensesLn 25$147K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $403K$410K−$7K$72K 990 PDF
FY2024 $306K$428K−$121K$76K 990 PDF
FY2023 $211K$249K−$38K$278K 990 PDF
FY2022 $120K$315K 990 PDF
FY2021 $147K$87K$61K$339K 990 PDF
FY2020 Viewing $233K$147K$86K$274K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $233,138 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $295,437$232,236
I-10 Investment income$902
I-11 Other revenuePrior year $3,055$0
I-12 Total revenuePrior year $298,492$233,138
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $187,912$97,006
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $116,113$49,815
I-18 Total expensesPrior year $304,025$146,821
I-19 Revenue less expensesPrior year −$5,533$86,317
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $233,138 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $232,236 · Unrelated business $0 · Excluded from tax $0$232,236
VIII-3 Investment incomeRelated to mission $902 · Unrelated business $0 · Excluded from tax $0$902
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $233,138 · Unrelated business $0 · Excluded from tax $0$233,138
Part IX · Statement of functional expenses $146,821 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$89,163
IX-9 Other employee benefits$888
IX-10 Payroll taxes$6,955
IX-11b Legal fees$6,500
IX-11g Other fees for services$1,082
IX-12 Advertising and promotion$2,308
IX-13 Office expenses$4,422
IX-19 Conferences, conventions and meetings$23,603
IX-23 Insurance$3,083
IX-24 Other expenses (24a–d)$8,817
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$146,821
Part X · Balance sheet $273,580 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $187,263$73,552
X-2 Savings and temporary cash investments$200,028
X-16 Total assetsStart of year $187,263$273,580
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $187,263$273,580
X-33 Total liabilities and net assetsStart of year $187,263$273,580
Part XI · Reconciliation of net assets $273,580 net assets at year end
XI-1 Total revenue$233,138
XI-2 Total expenses$146,821
XI-3 Revenue less expenses$86,317
XI-4 Net assets at start of year$187,263
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$273,580

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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