Asc INC FY2022 filing

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To develop the austin community in the software industry

Form 990 Part I, line 1, FY2022. 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.
$123K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · 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
$123K
to officers and key staff · 23% of spending
Pay to officers and key staff is 23% of spending.
Part VII, Section A
2.2 mo
of spending, in cash
2.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$366K
135% of total assets
Liabilities are 135% of assets.
Pt X · Ln 26
Independent board members
11
of 12 voting members
11 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$548K
+22% vs prior year
Spent
$530K
To programs
0%
Net assets
−$95K
By yearFY2020–FY2024
Revenue
$548K
FY2022▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$555K
FY2021$451K
FY2022$548K
FY2023$331K
FY2024$242K
Expenses
$530K
FY2022▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$591K
FY2021$411K
FY2022$530K
FY2023$244K
FY2024$251K
Net assets
−$95K
FY2022▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020−$153K
FY2021−$113K
FY2022−$95K
FY2023−$8K
FY2024−$17K

From the FY2022 Form 990 · see the original

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 Mar 1999.

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

Who runs it and what they're paid

13 people listed on the 990; $123K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$70,961Pt VII · Sec A
New CEO
$52,290Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Executive Committee
$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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Your first name shows with your question. Asc INC answers here, for everyone.

1 program · in their own filed words · FY2022
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, FY2022. 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$548K
Ln 12
Fees for servicesLn 2g$331K
Gifts and grantsLn 1h$212K
Other incomeLn 4–11$5K
Money outPt IX
$530K
Ln 25
Owns and owesPt X
−$95K
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$271K
LiabilitiesLn 26$366K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Fees for servicesLn 2g$331K
Other incomeLn 4–11$5K
Total revenueLn 12$548K
Assets in detailPt X, end of year
CashLn 1$98K
Cash and savings togetherLn 1–2$98K
Accounts receivableLn 4$169K
Prepaid expenses and deferred chargesLn 9$1K
Other assetsLn 15$3K
Total assetsLn 16$271K
LiabilitiesLn 26$366K
Net assetsLn 32−$95K
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 FY22End FY22
Cash and savingsLn 1–2$148K$98K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$376K$271K
LiabilitiesLn 26$489K$366K
Net assetsLn 32−$113K−$95K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$133K$0$0$0
Other salaries and wagesLn 7$104K$0$0$0
Pension plan contributionsLn 8$5K$0$0$0
Other employee benefitsLn 9$13K$0$0$0
Payroll taxesLn 10$20K$0$0$0
Accounting feesLn 11c$47K$0$0$0
Other fees for servicesLn 11g$9K$0$0$0
Advertising and promotionLn 12$2K$0$0$0
Office expensesLn 13$21K$0$0$0
Information technologyLn 14$16K$0$0$0
OccupancyLn 16$60$0$0$0
TravelLn 17$18K$0$0$0
Conferences, conventions and meetingsLn 19$138K$0$0$0
InterestLn 20$4K$0$0$0
InsuranceLn 23$1K$0$0$0
Total functional expensesLn 25$530K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2022 ViewingFiled 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 FY2022 990
Part I · Summary $548,482 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $121,919$211,853
I-9 Program service revenuePrior year $328,757$331,458
I-10 Investment incomePrior year $6$0
I-11 Other revenue$5,171
I-12 Total revenuePrior year $450,682$548,482
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $268,149$275,041
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $142,393$255,455
I-18 Total expensesPrior year $410,542$530,496
I-19 Revenue less expensesPrior year $40,140$17,986
Part VI · Governance 11 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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 $548,482 across 5 lines filed
VIII-1f All other contributions, gifts and grants$211,853
VIII-1h Total contributions, gifts and grants$211,853
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$331,458
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,171 · Unrelated business $0 · Excluded from tax $0$5,171
VIII-12 Total revenueRelated to mission $336,629 · Unrelated business $0 · Excluded from tax $0$548,482
Part IX · Statement of functional expenses $530,496 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $0 · Management $0 · Fundraising $0$133,121
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$103,975
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$4,888
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$12,678
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$20,379
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$46,814
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$8,596
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$2,254
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$21,340
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$15,581
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$60
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$17,560
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$137,997
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$4,033
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$1,220
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$530,496
Part X · Balance sheet $270,924 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $148,111$98,138
X-4 Accounts receivableStart of year $177,643$168,652
X-9 Prepaid expenses and deferred chargesStart of year $47,327$1,302
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $2,832$2,832
X-16 Total assetsStart of year $375,913$270,924
X-17 Accounts payable and accrued expensesStart of year $21,354$10,122
X-19 Deferred revenueStart of year $263,338$201,595
X-23 Secured mortgages and notes payableStart of year $153,900$153,900
X-24 Unsecured notes and loans payableStart of year $50,000$0
X-26 Total liabilitiesStart of year $488,592$365,617
X-27 Net assets without donor restrictionsStart of year −$112,679−$94,693
X-32 Total net assets or fund balancesStart of year −$112,679−$94,693
X-33 Total liabilities and net assetsStart of year $375,913$270,924
Part XI · Reconciliation of net assets −$94,693 net assets at year end
XI-1 Total revenue$548,482
XI-2 Total expenses$530,496
XI-3 Revenue less expenses$17,986
XI-4 Net assets at start of year−$112,679
XI-10 Net assets at end of year−$94,693

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

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