Business Invest In Growth

Austin, TX
Tax-exempt since Oct. 1996
EIN: 74-2764780

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Educational Services and Schools - Other (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$1.22M (2023)

Expenses

$898k (2023)

Total Assets

$261k (2023)

Total Liabilities

$178k (2023)

Years with missing data

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$1,224,853

Expenses

$898,370

Net Income

$326,483

Net Assets

$83,436

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,224,393	100.0%
Program Services	$460	0.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$145,000	16.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$294,342	32.8%

Assets/Debt
Total Assets	$261,077
Total Liabilities	$177,641
Net Assets	$83,436

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Stacy Dukes Rhone (Executive Director)	$145,000	$0	$0
Beverly Watts Davis (Director)	$0	$0	$0
Dumas M Simeus (Director)	$0	$0	$0
Todd Reed (Director)	$0	$0	$0
Linda Young (Secretary)	$0	$0	$0
Manual Morin (Treasurer)	$0	$0	$0
Donna Myers (Vice President)	$0	$0	$0
Melvin Wrenn (Chairperson)	$0	$0	$0
Alfred Jackson (Director)	$0	$0	$0
Bentley Harris (Director)	$0	$0	$0

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990

Filed on June 4, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$883,158

Expenses

$626,428

Net Income

$256,730

Net Assets

-$107,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$883,158	100%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$131,563	21.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$146,281	23.4%

Assets/Debt
Total Assets	$152,112
Total Liabilities	$259,290
Net Assets	-$107,178

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Stacy Dukes Rhone (Executive Director)	$131,563	$0	$0
Beverly Watts Davis (Director)	$0	$0	$0
Dumas M Simeus (Director)	$0	$0	$0
Todd Reed (Director)	$0	$0	$0
Linda Young (Secretary)	$0	$0	$0
Manual Morin (Treasurer)	$0	$0	$0
Donna Myers (Vice President)	$0	$0	$0
Melvin Wrenn (Chairperson)	$0	$0	$0
Alfred Jackson (Director)	$0	$0	$0
Bentley Harris (Director)	$0	$0	$0

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990

Filed on July 21, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$3,152,903

Expenses

$1,411,761

Net Income

$1,741,142

Net Assets

$1,363,147

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$234,253	7.4%
Program Services	$55,590	1.8%
Investment Income	$551	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,857,884	90.6%
Net Inventory Sales	$0
Other Revenue	$4,625	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$138,789	9.8%

Assets/Debt
Total Assets	$2,922,497
Total Liabilities	$1,559,350
Net Assets	$1,363,147

Compensation

Key Employees and Officers	Compensation	Related	Other
Melvin Wrenn (Board Chair)	$0	$0	$0
Donna Myers (Vice Chair)	$0	$0	$0
Linda Young (Secretary)	$0	$0	$0
Manuel Morin (Treasurer)	$0	$0	$0
Todd Reed (Board Member)	$0	$0	$0
Alfred Jackson (Dev Chair)	$0	$0	$0
Catherine Bentley Harris (Board Member)	$0	$0	$0
Mark Hodges (Board Member)	$0	$0	$0
Beverly Watts Davis (Board Member)	$0	$0	$0
Dumas Simeus (Board Member)	$0	$0	$0
Stacy Rhone (Executive Director)	$0	$0	$0

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990

Filed on Nov. 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$320,952

Expenses

$537,052

Net Income

-$216,100

Net Assets

-$408,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$246,782	76.9%
Program Services	$72,672	22.6%
Investment Income	$1,498	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,438	13.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,635	4.4%

Assets/Debt
Total Assets	$6,167,728
Total Liabilities	$6,576,637
Net Assets	-$408,909

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Stacy D Rhone (Executive Di)	$70,438	$0	$0
Melvin Wrenn (Chair)	$0	$0	$0
Donna Myers (Vice Chair)	$0	$0	$0
Linda Young (Secretary)	$0	$0	$0
Manuel Morin (Treasurer)	$0	$0	$0
Todd Reed (Board Member)	$0	$0	$0
Beverly Watts Davis (Board Member)	$0	$0	$0
Catherine Bentley Harris (Board Member)	$0	$0	$0
Dumas Simeus (Board Member)	$0	$0	$0
Mark Hodges (Board Member)	$0	$0	$0

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990

Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Extracted financial data is not available for the forms filed in this tax period, but financial documents are available for download.

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2018

Revenue

$1,272,172

Expenses

$1,159,317

Net Income

$112,855

Net Assets

-$148,058

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,249,783	98.2%
Program Services	$5,438	0.4%
Investment Income	$16,951	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$156,702	13.5%

Assets/Debt
Total Assets	$590,407
Total Liabilities	$738,465
Net Assets	-$148,058

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$525,258

Expenses

$521,973

Net Income

$3,285

Net Assets

$415,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$413,798	78.8%
Program Services	$12,340	2.3%
Investment Income	$23,450	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$75,670	14.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$283,450	54.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,405,730
Total Liabilities	$989,992
Net Assets	$415,738

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2016

Revenue

$674,560

Expenses

$585,209

Net Income

$89,351

Net Assets

$396,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$509,535	75.5%
Program Services	$15,240	2.3%
Investment Income	$34,500	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$115,285	17.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$317,450	54.2%

Assets/Debt
Total Assets	$1,410,532
Total Liabilities	$1,013,878
Net Assets	$396,654

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2015

Revenue

$847,531

Expenses

$776,727

Net Income

$70,804

Net Assets

$323,102

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$657,851	77.6%
Program Services	$21,345	2.5%
Investment Income	$76,879	9.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$91,456	10.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$486,567	62.6%

Assets/Debt
Total Assets	$1,769,582
Total Liabilities	$1,446,480
Net Assets	$323,102

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2014

Revenue

$763,602

Expenses

$652,388

Net Income

$111,214

Net Assets

$79,926

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$611,469	80.1%
Program Services	$122,222	16.0%
Investment Income	$6,495	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$23,416	3.1%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,437	10.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$274,653	42.1%

Assets/Debt
Total Assets	$1,638,196
Total Liabilities	$1,558,270
Net Assets	$79,926

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$729,905

Expenses

$839,510

Net Income

-$109,605

Net Assets

$94,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$627,880	86.0%
Program Services	$100,031	13.7%
Investment Income	$656	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,338	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$396,100	47.2%

Assets/Debt
Total Assets	$1,673,963
Total Liabilities	$1,579,730
Net Assets	$94,233

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$719,136

Expenses

$756,649

Net Income

-$37,513

Net Assets

$203,838

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$642,039	89.3%
Program Services	$74,680	10.4%
Investment Income	$932	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,485	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$416,103	55.0%

Assets/Debt
Total Assets	$1,935,910
Total Liabilities	$1,732,072
Net Assets	$203,838

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$949,413

Expenses

$934,296

Net Income

$15,117

Net Assets

$198,851

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$861,372	90.7%
Program Services	$81,949	8.6%
Investment Income	$1,303	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,789	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$80,501	8.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$342,938	36.7%

Assets/Debt
Total Assets	$2,001,117
Total Liabilities	$1,802,266
Net Assets	$198,851

990

Primary tax return for a nonprofit’s activities, finances, and governance

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending March
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 30, 2024

Business Invest In Growth

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $1.22M (2023)

Expenses $898k (2023)

Total Assets $261k (2023)

Total Liabilities $178k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

No Extracted Financial Data

No Document Links

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Revenue

$1.22M (2023)

Expenses

$898k (2023)

Total Assets

$261k (2023)

Total Liabilities

$178k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending March
2002

Fiscal Year Ending March
2001