Austin Apartment Association

Not tax-deductible

Austin, TX501(c)(6)EIN 74-1673639

Provides info to members in the multifamily and rental housing industry in the Austin, Texas area.

Run by 100 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $75K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 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
$165K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.2M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+10% vs prior year
Spent
$2.7M
To programs
0%
Net assets
$4.2M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +10%
Revenue by fiscal year
FY2020$1.7M
FY2020$663K
FY2021$2.0M
FY2022$2.5M
FY2023$2.4M
FY2024$2.7M
Expenses
$2.7M
FY2024▲ +14%
Expenses by fiscal year
FY2020$1.9M
FY2020$965K
FY2021$1.8M
FY2022$2.2M
FY2023$2.3M
FY2024$2.7M
Net assets
$4.2M
FY2024▲ +4%
Net assets by fiscal year
FY2020$3.4M
FY2020$3.5M
FY2021$3.9M
FY2022$3.6M
FY2023$4.0M
FY2024$4.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1971.

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

Who runs it and what they're paid

30 people listed on the 990; $165K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Vice President
$165,071Pt VII · Sec A
President Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
VP at Large (mbs)
$0Pt VII · Sec A
$0Pt VII · Sec A
VP (secretary/Treasurer)
$0Pt VII · Sec A
First Vice President
$0Pt VII · Sec A
Pres Appt Past President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2020
Emily Blair$165,071$189,000$157,501$135,000$135,000—
Emily Blair—————$148,252

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.

See Austin Apartment Association executive salaries →

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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

Offers industry information to Austin's multifamily and rental housing professionals.

Provided by the organization

This section is blank until Austin Apartment Association claims this page.

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3 program services, described in the organization's own filed words · FY2024.
01

Printed Materials

The Association provides lease forms, redbooks, and research materials to the members so to assist with their daily operations and to provide consistent, easy to use forms for the consumer.

Pt IX · col B
02

Education

The Association provides a number of educational seminars to keep members aware of new rules and regulations, and professional certifications.

Pt IX · col B
03

Publications

The Association publishes a magazine and newsletter to keep its members abreast of issues important to the apartment industry.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $5K · 2019–2019

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$245K
Other incomeLn 4–11$57K
Money outPt IX
$2.7M
Ln 25
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$885K
Total assetsLn 16$6.3M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
30
listed · VII A
PaidVII A1
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$245K
Other incomeLn 4–11$57K
Gains on assetsLn 7$94K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$717K
SavingsLn 2$167K
Cash and savings togetherLn 1–2$885K
InvestmentsLn 11–13$4.1M
Land, buildings, equipmentLn 10c$81K
Other assetsLn 15$1.1M
Total assetsLn 16$6.3M
LiabilitiesLn 26$2.2M
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 58
VolunteersI 6100
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 FY24End FY24
Cash and savingsLn 1–2$674K$885K
InvestmentsLn 11–13$3.8M$4.1M
Land, buildings, equipmentLn 10c$67K$81K
Total assetsLn 16$6.1M$6.3M
LiabilitiesLn 26$2.1M$2.2M
Net assetsLn 32$4.0M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$165K$0$0$0
Other salaries and wagesLn 7$592K$0$0$0
Pension plan contributionsLn 8$19K$0$0$0
Other employee benefitsLn 9$60K$0$0$0
Payroll taxesLn 10$49K$0$0$0
Legal feesLn 11b$12K$0$0$0
Accounting feesLn 11c$43K$0$0$0
Investment management feesLn 11f$37K$0$0$0
Other fees for servicesLn 11g$48K$0$0$0
Advertising and promotionLn 12$84K$0$0$0
Office expensesLn 13$106K$0$0$0
Information technologyLn 14$74K$0$0$0
OccupancyLn 16$311K$0$0$0
Conferences, conventions and meetingsLn 19$538K$0$0$0
Payments to affiliatesLn 21$350K$0$0$0
Depreciation, depletion and amortizationLn 22$13K$0$0$0
InsuranceLn 23$4K$0$0$0
Other expenses (24a–d)Ln 24$150K$0$0$0
All other expensesLn 24e$13K$0$0$0
Total functional expensesLn 25$2.7M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.7M$2.7M$17K$4.2M 990 PDF
FY2023 $2.4M$2.3M$109K$4.0M 990 PDF
FY2022 $2.5M$2.2M$291K$3.6M 990 PDF
FY2021 $2.0M$1.8M$138K$3.9M 990 PDF
FY2020 $1.7M$1.9M−$183K$3.4M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,683,335 across 7 lines filed
Lines not itemized here account for $406,375 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $63,204 · Excluded from tax $0$1,975,419
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $150,735$150,735
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $16,335 · Excluded from tax $0$16,335
VIII-7 Net gain or loss on sales of assetsRelated to mission $94,229 · Unrelated business $0 · Excluded from tax $0$94,229
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $22,375$22,375
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,867 · Unrelated business $0 · Excluded from tax $0$17,867
VIII-12 Total revenueRelated to mission $2,430,686 · Unrelated business $79,539 · Excluded from tax $173,110$2,683,335
Part IX · Statement of functional expenses $2,666,083 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$165,071
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$592,053
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$18,757
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$59,773
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$49,378
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$11,539
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$43,389
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$36,968
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$47,614
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$84,042
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$105,518
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$73,918
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$311,021
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$537,576
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$349,612
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$12,777
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$4,212
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$150,149
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$12,716
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,666,083
Part X · Balance sheet $6,343,558 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $467,907$717,474
X-2 Savings and temporary cash investmentsStart of year $206,117$167,224
X-4 Accounts receivableStart of year $227,962$110,011
X-9 Prepaid expenses and deferred chargesStart of year $61,394$79,894
X-10c Land, buildings and equipment, netStart of year $67,019$80,816
X-11 Publicly traded securitiesStart of year $3,783,123$4,102,151
X-15 Other assetsStart of year $1,286,478$1,085,988
X-16 Total assetsStart of year $6,111,357$6,343,558
X-17 Accounts payable and accrued expensesStart of year $81,742$180,058
X-19 Deferred revenueStart of year $671,592$815,489
X-25 Other liabilitiesStart of year $1,349,215$1,192,286
X-26 Total liabilitiesStart of year $2,102,549$2,187,833
X-27 Net assets without donor restrictionsStart of year $4,008,808$4,155,725
X-32 Total net assets or fund balancesStart of year $4,008,808$4,155,725
X-33 Total liabilities and net assetsStart of year $6,111,357$6,343,558
Part XI · Reconciliation of net assets $4,155,725 net assets at year end
XI-1 Total revenue$2,683,335
XI-2 Total expenses$2,666,083
XI-3 Revenue less expenses$17,252
XI-4 Net assets at start of year$4,008,808
XI-5 Net unrealized gains (losses) on investments$129,665
XI-10 Net assets at end of year$4,155,725

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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