Terralex INC FY2022 filing

Not tax-deductible

Miami Lakes, FL501(c)(6)EIN 65-0189074Revenue $3.3M in FY2022

On file with the IRSterralex.org15175 Nw 67th Ave Ste 207, 33014-2127 · Miami Lakes, FLTax-exempt since Apr 1995

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$781K paid to officers and key staff.
Pay: Part VII

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FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $10K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$781K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 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
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+38% vs prior year
Spent
$3.4M
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$3.3M
FY2022▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$3.3M
FY2023$3.3M
FY2024$3.8M
Expenses
$3.4M
FY2022▲ +56%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.2M
FY2022$3.4M
FY2023$3.2M
FY2024$4.0M
Net assets
$2.2M
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.2M
FY2023$2.3M
FY2024$2.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1995.

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

Who runs it and what they're paid

29 people listed on the 990; $781K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$324,926Pt VII · Sec A
Business Development Direc
$180,000Pt VII · Sec A
Business Development Direc
$149,000Pt VII · Sec A
Director of Engagement
$127,000Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Terri Pepper$370,000$357,400$324,926——
Terri Pepper Gavulic———$290,692$308,347
Timothy E Shannon JR$193,500$181,800$180,000$174,800$180,250
Andrea Wilt$154,831$165,000———
Nicole L Rudner$155,000$145,000$127,000——
Andrea Wood——$149,000$138,500$137,415

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

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3 programs · in their own filed words · FY2022
01

Meetings

TerraLex hosts global and regional meetings for members. These meetings include educational programs; updates by leading experts; member collaboration sessions; Board meetings; and other member opportunities.Webinars: TerraLex produces webinars to promote the thought leadership of its members to the client community, to aid members in…

Pt IX · col B
02

Publications

TerraLex provides a variety of publications to inform, educate, and update its members, including a weekly email newsletter ("Coming Up Next at TerraLex), an annual report, a bi-annual newsletter (The Pulse).

Pt IX · col B
03

Website and Technology

TerraLex maintains and regularly updates and develops a website and member intranet (TLC) to provide updated information and opportunities for members to virtually connect and collaborate.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$20K
Other incomeLn 4–11$584
Money outPt IX
$3.4M
Ln 25
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$894K
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
29
listed · VII A
PaidVII A4
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$20K
Other incomeLn 4–11$584
Gains on assetsLn 7−$10K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$889K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$894K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$124K
Other assetsLn 15$15K
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.1M$894K
InvestmentsLn 11–13$1.2M$1.2M
Land, buildings, equipmentLn 10c$105K$124K
Total assetsLn 16$2.4M$2.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.4M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$796K
Other salaries and wagesLn 7$875K
Other employee benefitsLn 9$67K
Payroll taxesLn 10$84K
Investment management feesLn 11f$7K
Other fees for servicesLn 11g$24K
Advertising and promotionLn 12$225K
Office expensesLn 13$41K
Information technologyLn 14$90K
OccupancyLn 16$80K
TravelLn 17$7K
Conferences, conventions and meetingsLn 19$1.1M
Depreciation, depletion and amortizationLn 22$75K
InsuranceLn 23$13K
Other expenses (24a–d)Ln 24$10K
Total functional expensesLn 25$3.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.8M$4.0M−$167K$2.2M 990 PDF
FY2023 $3.3M$3.2M$82K$2.3M 990 PDF
FY2022 Viewing $3.3M$3.4M−$131K$2.2M 990 PDF
FY2021 $2.4M$2.2M$201K$2.4M 990 PDF
FY2020 $2.4M$2.3M$65K$2.2M 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 FY2022 990 (6 parts)
Part I · Summary $3,313,429 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,382,529$3,292,751
I-10 Investment incomePrior year $23,002$20,094
I-11 Other revenuePrior year $0$584
I-12 Total revenuePrior year $2,405,531$3,313,429
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,708,435$1,822,515
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $496,075$1,621,865
I-18 Total expensesPrior year $2,204,510$3,444,380
I-19 Revenue less expensesPrior year $201,021−$130,951
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,313,429 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,292,751$3,292,751
VIII-3 Investment incomeExcluded from tax $29,654$29,654
VIII-7 Net gain or loss on sales of assetsRelated to mission −$9,560−$9,560
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $584$584
VIII-12 Total revenueRelated to mission $3,283,775 · Unrelated business $0 · Excluded from tax $29,654$3,313,429
Part IX · Statement of functional expenses $3,444,380 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$796,000
IX-7 Other salaries and wages$874,792
IX-9 Other employee benefits$67,464
IX-10 Payroll taxes$84,259
IX-11f Investment management fees$7,129
IX-11g Other fees for services$24,410
IX-12 Advertising and promotion$225,205
IX-13 Office expenses$40,881
IX-14 Information technology$90,233
IX-16 Occupancy$79,913
IX-17 Travel$6,643
IX-19 Conferences, conventions and meetings$1,050,255
IX-22 Depreciation, depletion and amortization$74,668
IX-23 Insurance$12,828
IX-24 Other expenses (24a–d)$9,700
IX-25 Total functional expenses$3,444,380
Part X · Balance sheet $2,247,557 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,032,032$889,003
X-2 Savings and temporary cash investmentsStart of year $19,274$4,932
X-10c Land, buildings and equipment, netStart of year $104,982$124,249
X-11 Publicly traded securitiesStart of year $1,190,970$1,214,373
X-15 Other assetsStart of year $31,250$15,000
X-16 Total assetsStart of year $2,378,508$2,247,557
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,378,508$2,247,557
X-33 Total liabilities and net assetsStart of year $2,378,508$2,247,557
Part XI · Reconciliation of net assets $2,247,557 net assets at year end
XI-1 Total revenue$3,313,429
XI-2 Total expenses$3,444,380
XI-3 Revenue less expenses−$130,951
XI-4 Net assets at start of year$2,378,508
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,247,557

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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