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Nonprofit · EIN 99-2838906

POWERING TEXANS

Tax-exempt · AUSTIN, TX 78701

Financials

$2M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of POWERING TEXANS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,000,655$1,492,000$508,655$1,398,405$889,750$508,655
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,000,000
Investment income
$655
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$584,092
Other salaries and wages
$59,321
Salaries, compensation and benefits (total)
$669,735
Professional fundraising fees
$0
Legal fees
$21,215
Accounting fees
$38,000
Occupancy
$568
Travel
$25,830
Depreciation
$7,156

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$1,398,405
Total liabilities, end of year
$889,750
Net assets, end of year
$508,655
Land, buildings and equipment
$29,644
Net assets without donor restrictions
$508,655
Gross receipts
$2,000,655
Employees
2
Volunteers
4
Year formed
2024
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
WALT BAUMCEO
Officer
40$553,491$30,601
SANO BLOCKERPRESIDENT
Trustee or director, Officer
1$0$0
STEVEN SCHLEIMERVICE PRESIDE
Trustee or director, Officer
1$0$0
CHRIS MOSERSECRETARY
Trustee or director, Officer
1$0$0
MASON EMNETTTREASURER
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
919 CONGRESS AVE STE 1350, AUSTIN, TX 78701-2549
In care of
% NICOLE KELLY
Principal officer (990 for 2024)
WALT BAUM, 919 CONGRESS AVENUE STE 1350, AUSTIN, TX 78701
Signed the 990
WALT BAUM, CEO
Phone
(737) 301-8783
Return prepared by
REYNOLDS & FRANKE PC

Mission

TO PROMOTE, DEVELOP, ESTABLISH AND MAINTAIN THE COMMON BUSINESS INTERESTS OF ITS MEMBERS AND FULL AND OPEN COMPETITION FOR ELECTRICITY MARKETS IN LIEU OF REGULATED ELECTRIC UTILITY SERVICE IN TEXAS AND TO ENCOURAGE CONTINUED OVERSIGHT BY THE STATE TO ENSURE THE SUCCESS OF ELECTRIC COMPETITION

990 for the year ended December 31, 2024

Program accomplishments

  • THE GOVERNMENTAL AFFAIRS PROGRAM IS FOR TRACKING REGULATIONS AFFECTING POWERING TEXANS AND ITS MEMBERS AND ESTABLISHING AND MAINTAINING RELATIONSHIPS WITH GOVERNMENTAL STAKEHOLDERS.
  • THE PUBLIC & INDUSTRY AFFAIRS PROGRAM IS FOR PROMOTING AND DEVELOPING THE INDUSTRY AS A WHOLE, BUILDING PUBLIC AWARENESS, AND SUPPORTING POWERING TEXANS' POSITIONS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-2838906
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2026
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,398,405
Income (IRS master file)
$2,000,655

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,000,655$1,492,000$1,398,405IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-2838906).

Questions about POWERING TEXANS

What is the EIN of POWERING TEXANS?
The employer identification number (EIN) of POWERING TEXANS is 99-2838906.
Is POWERING TEXANS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2026.
Are donations to POWERING TEXANS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does POWERING TEXANS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of POWERING TEXANS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did POWERING TEXANS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of POWERING TEXANS?
The 990 for the year ended December 31, 2024 names WALT BAUM.
Who are the officers and directors of POWERING TEXANS?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $553,491 (WALT BAUM, CEO).
How much revenue does POWERING TEXANS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,000,655, expenses of $1,492,000 and total assets of $1,398,405 at year end.

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