Texas Asian Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 742775275
- IRS 990-EZ coverage
- 2011–2011
- Forms available
- Form 990-EZ 2011
- Location
- Round Rock, TX, USA
- Phone
- 5122551600
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $28,968
- Expenses
- $44,615
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
14 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Texas asian chamber of commerce (tacc) serves as a bridge between the asian business community and the larger business community in the greater austin area and throughout Texas, acting as a catalyst to foster business and career opportunities for members and the communities they serve. Tacc touches more than 20,000 individuals and businesses during the year through public and private events, website and newsletter communication, as well as educational and media appearances. Our engaged member / volunteer base comprises 300 diverse central Texas constituents. Informal liaisons with every major ethnic chamber enable us to act as a channel to, and aggregator of, these organizations to better serve our corporate sponsors. Tacc's eight 2011 corporate sponsors - tokyo electron, farm credit bank, bank of america, dell, seton, heb, ut austin - division of diversity and community engagement, progressive manufacturing and technology, employ more than 100,000 central texans.
What it reported doing in 2011
The Texas asian chamber of commerce (tacc) hosted one major event during the year - the connect: business and career forum, as well as monthly networking meetings, receptions for international delegations, annual membership meeting and other events. 1. The connect: business & career forum in 2011 hosted 134 attendees, including 30 corporate representatives, 33 certified minority-owned/women- owned businesses and 57 job seekers. Event partners include the southwest minority supplier development council, the austin human resources management association, and the city of austin and travis county. 2. Ongoing, tacc's monthly networking meetings average 30 to 50 attendees. Our monthly newsletter reaches 5,600 subscribers.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 82
- Sustainability: 5
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.2%; rating input score 88
- Program expense ratio: 57.1%; rating input score 57
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -54%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 88.2% of revenue deployed · 57.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $25K in reported program spending
- Leadership: top reported pay $20K · 14 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Sustainability: Operating margin scored 11/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.