Fabss Texas Coalition FY2022 filing

Washington, DCUnknown exempt organizationEIN 86-3399719Revenue $485K in FY2022

On file with the IRS601 13th Street Nw 11th Floor Sout · Washington, DC

Tell your story. Claim this org

The Fabss Texas Coalition works to fortify and bolster semiconductor success in Texas by strengthening the already robust semiconductor and high-tech ecosystem.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$485K
-1% vs prior year
Spent
$455K
To programs
99%
Net assets
$50K
By yearFY2021–FY2023
Revenue
$485K
FY2022▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2021$490K
FY2022$485K
FY2023$0
Expenses
$455K
FY2022▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$470K
FY2022$455K
FY2023$50K
Net assets
$50K
FY2022▲ +151%
Tap a bar for its year
Net assets by fiscal year
FY2021$20K
FY2022$50K
FY2023$0

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $452K Management & general 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fabss Texas Coalition executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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 15aNo

Programs and updates

Strengthens Texas's semiconductor and high-tech ecosystem for industry success.

Questions for Fabss Texas Coalition

Tap to ask. Fabss Texas Coalition sees how many people are interested.

Your first name shows with your question. Fabss Texas Coalition answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $452K · in their own filed words · FY2022
01

Worked with state agencies on rulemaking to consider the unique requirements of the semiconductor manufacturing INDUSTRY.PROVIDED advocacy for state policies to support growth in the semiconductor sector.

$452Kprogram expense

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 · $25K · 2023–2023

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$485K
Ln 12
Gifts and grantsLn 1h$485K
Money outPt IX
$455K
Ln 25
Programscol B$452K
Managementcol C$2K
Owns and owesPt X
$50K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$50K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$485K
Total revenueLn 12$485K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
Total assetsLn 16$50K
LiabilitiesLn 26$0
Net assetsLn 32$50K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$20K$50K
Total assetsLn 16$20K$50K
LiabilitiesLn 26$0$0
Net assetsLn 32$20K$50K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$491$491
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$452K$452K
Total functional expensesLn 25$455K$452K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0$50K−$50K$0 990 PDF
FY2022 Viewing $485K$455K$30K$50K 990 PDF
FY2021 $490K$470K$20K$20K 990 PDF

More to add? Claim this org

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 $485,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $490,000$485,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $490,000$485,000
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $470,000$454,805
I-18 Total expensesPrior year $470,000$454,805
I-19 Revenue less expensesPrior year $20,000$30,195
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $485,000 across 3 lines filed
VIII-1b Membership dues$485,000
VIII-1h Total contributions, gifts and grants$485,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$485,000
Part IX · Statement of functional expenses $454,805 across 3 lines filed
IX-11a Management feesManagement $491$491
IX-11c Accounting feesManagement $1,814$1,814
IX-11g Other fees for servicesPrograms $452,500$452,500
IX-25 Total functional expensesPrograms $452,500 · Management $2,305 · Fundraising $0$454,805
Part X · Balance sheet $50,195 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $20,000$50,195
X-16 Total assetsStart of year $20,000$50,195
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $20,000$50,195
X-33 Total liabilities and net assetsStart of year $20,000$50,195
Part XI · Reconciliation of net assets $50,195 net assets at year end
XI-1 Total revenue$485,000
XI-2 Total expenses$454,805
XI-3 Revenue less expenses$30,195
XI-4 Net assets at start of year$20,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$50,195

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.