Asc INC

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To develop the austin community in the software industry

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-2871930) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 20 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $20K a year · 5% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 34% of spending
Pay to officers and key staff is 34% of spending.
Part VII, Section A
8.0 mo
of spending, in cash
8.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$243K
108% of total assets
Liabilities are 108% of assets.
Pt X · Ln 26
Independent board members
16
of 17 voting members
16 of 17 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$242K
-27% vs prior year
Spent
$251K
To programs
0%
Net assets
−$17K
By yearFY2020–FY2024
Revenue
$242K
FY2024▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$555K
FY2021$451K
FY2022$548K
FY2023$331K
FY2024$242K
Expenses
$251K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$591K
FY2021$411K
FY2022$530K
FY2023$244K
FY2024$251K
Net assets
−$17K
FY2024▼ -106%
Tap a bar for its year
Net assets by fiscal year
FY2020−$153K
FY2021−$113K
FY2022−$95K
FY2023−$8K
FY2024−$17K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1999.

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

Who runs it and what they're paid

17 people listed on the 990; $86K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$85,860Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Thomas Singer’s $86K as CEO is at the 62nd percentile of top reported officer pay among 1709 $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

NameFY2024FY2023FY2022FY2021FY2020
Amber Gunst——$70,961$105,351$95,600
Thomas Singer$85,860$89,241———
Thom——$52,290——

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 Asc INC executive salaries →

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

Empowers Austin's software industry through community development initiatives.

Questions for Asc INC

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1 program · in their own filed words · FY2024
01

Published newsletters, directories, mailing lists, conference materials, surveys, and statistical data and organized conferences, seminars, short courses, and job fairs to educate and improve the employment possibilities of those working with and within the software industry.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-2871930) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$242K
Ln 12
Fees for servicesLn 2g$173K
Gifts and grantsLn 1h$67K
Investment incomeLn 3$2K
Money outPt IX
$251K
Ln 25
Owns and owesPt X
−$17K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$226K
LiabilitiesLn 26$243K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Fees for servicesLn 2g$173K
Investment incomeLn 3$2K
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$166K
Cash and savings togetherLn 1–2$166K
Accounts receivableLn 4$58K
Prepaid expenses and deferred chargesLn 9$1K
Total assetsLn 16$226K
LiabilitiesLn 26$243K
Net assetsLn 32−$17K
OperationsPt I, VI
EmployeesI 54
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$174K$166K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$234K$226K
LiabilitiesLn 26$242K$243K
Net assetsLn 32−$8K−$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$118K$0$0$0
Other salaries and wagesLn 7$1K$0$0$0
Payroll taxesLn 10$9K$0$0$0
Accounting feesLn 11c$34K$0$0$0
Other fees for servicesLn 11g$6K$0$0$0
Advertising and promotionLn 12$180$0$0$0
Office expensesLn 13$9K$0$0$0
Information technologyLn 14$19K$0$0$0
TravelLn 17$11K$0$0$0
Conferences, conventions and meetingsLn 19$38K$0$0$0
InterestLn 20$4K$0$0$0
InsuranceLn 23$1K$0$0$0
Total functional expensesLn 25$251K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Apr 3, 2025 $242K$251K−$9K−$17K 990 PDF
FY2023Filed with the IRS May 15, 2024 $331K$244K$86K−$8K 990 PDF
FY2022Filed with the IRS May 10, 2023 $548K$530K$18K−$95K 990 PDF
FY2021Filed with the IRS Oct 13, 2022 $451K$411K$40K−$113K 990 PDF
FY2020Filed with the IRS May 11, 2021 $555K$591K−$36K−$153K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $241,661 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $109,903$66,742
I-9 Program service revenuePrior year $220,651$173,419
I-10 Investment income$1,500
I-11 Other revenue$0
I-12 Total revenuePrior year $330,554$241,661
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $122,486$127,534
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $121,733$123,016
I-18 Total expensesPrior year $244,219$250,550
I-19 Revenue less expensesPrior year $86,335−$8,889
Part VI · Governance 16 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $241,661 across 5 lines filed
VIII-1f All other contributions, gifts and grants$66,742
VIII-1h Total contributions, gifts and grants$66,742
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$173,419
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,500$1,500
VIII-12 Total revenueRelated to mission $173,419 · Unrelated business $0 · Excluded from tax $1,500$241,661
Part IX · Statement of functional expenses $250,550 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $0 · Management $0 · Fundraising $0$117,577
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$1,200
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$8,757
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$34,116
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$5,790
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$180
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$9,144
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$18,997
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$11,020
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$38,495
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$3,836
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$1,438
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$250,550
Part X · Balance sheet $225,848 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $173,658$166,229
X-4 Accounts receivableStart of year $59,000$58,500
X-9 Prepaid expenses and deferred chargesStart of year $844$1,119
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $233,502$225,848
X-17 Accounts payable and accrued expensesStart of year $16,512$18,191
X-19 Deferred revenueStart of year $72,026$75,101
X-23 Secured mortgages and notes payableStart of year $153,322$149,803
X-26 Total liabilitiesStart of year $241,860$243,095
X-27 Net assets without donor restrictionsStart of year −$8,358−$17,247
X-32 Total net assets or fund balancesStart of year −$8,358−$17,247
X-33 Total liabilities and net assetsStart of year $233,502$225,848
Part XI · Reconciliation of net assets −$17,247 net assets at year end
XI-1 Total revenue$241,661
XI-2 Total expenses$250,550
XI-3 Revenue less expenses−$8,889
XI-4 Net assets at start of year−$8,358
XI-10 Net assets at end of year−$17,247

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

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