TRANSMIT RECEIVE LABS INC

EIN: 465563614 501(c)(3) Education

Houston, TX

Total Revenue
$3,283,564
Total Expenses
$3,192,236
Total Assets
$1,299,306
Net Assets
$841,266
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
TX
Principal Officer
Roland von Kurnatowski
Phone
8326569413
Tax Period
2023-01-01 to 2023-12-31

TRANSMIT RECEIVE LABS INC, founded in 2014, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

Our goals are to bring creative people together, to serve as an incubator for imaginative solutions for everyday problems, to make opaque scientific and technical concepts accessible to everyone through education and to provide much needed services to our community, made possible by the skills and passion of our membership.

Program Service Accomplishments

Program 1
Expenses: $2,975,278 Revenue: $2,393,696

Teaching classes for the community in diverse areas of technology and art. Over 100 courses in 2D/3D design, fabrication, welding, 3D printing, laser cutting, arts and crafts including jewelry...

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Teaching classes for the community in diverse areas of technology and art. Over 100 courses in 2D/3D design, fabrication, welding, 3D printing, laser cutting, arts and crafts including jewelry making, woodworking and more. Education Program: TXRX Labs stayed active and engaged with local students, especially students and teachers from the Houston Independent School District (HISD). TXRX Labs continued to host on-site workshops for HISD and non-HISD students. TXRX Labs continued the partnership with Harris County Juvenile Probation (HCJPD), offering on-site training for HCJPD youth on probation and able to travel to TXRX Labs. We also offer training at the HCJPD Youth Village facility in a breadth of skills - carpentry, CAD, 3D printing, CNC laser cutting, and electronics. Job Training Program: TXRX Labs focused on running the Modern Manufacturing Program which is an entry-level training program designed to introduce skilled students to the various modalities of technology-driven manufacturing. Along the way, we hope to help our trainees discover their hidden talents and passions. The trainees will explore additive manufacturing and 3D printing, computer-aided drafting (CAD) and CNC Machining, metrology and quality inspection, electronics assembly and testing, and metal shop welding skills.

Program 2
Expenses: $77,779 Revenue: $189,478

Membership: facility usage for members includes tools and equipment for the creation of personal projects and prototypes.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $889,868
Program Service Revenue $2,393,696
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,283,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,374,835
Fundraising Expenses $17,712
Program Expenses $3,053,057
Other Expenses $1,817,401
TOTAL EXPENSES $3,192,236

Year-over-Year Comparison

2023 2022 Change
Revenue $3,283,564 $2,766,842 +0.2%
Expenses $3,192,236 $2,954,265 +0.1%
Net Income $91,328 $-187,423 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
31
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$22,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roland Von Kurnatowski Director 40
Director
$22,000 $0 $22,000
Michael Holthouse Chariman of the Board 2
Officer Director
$0 $0 $0
Harvin Moore Treasurer 2
Officer Director
$0 $0 $0
Summer Reeves Secretary 2
Officer Director
$0 $0 $0
Celest Conflitti Director 2
Director
$0 $0 $0
Steve Songer Director 2
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,283,564 $3,192,236 $1,299,306 $91,328
2022 $2,766,842 $2,954,265 $1,021,060 $-187,423
2021 $2,595,127 $2,207,059 $1,236,102 $388,068
2020 $2,186,183 $2,005,076 $1,021,637 $181,107
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