Overview
What is Municipal Advisory Council Of Texas?
The Municipal Advisory Council of Texas, abbreviated as MAC, is a vital resource in Texas, serving as the sole provider of comprehensive financial information for municipal debt issuers. Based in Austin, the MAC collects, maintains, and disseminates essential data related to issuing entities, promoting efficient and effective investment banking, underwriting, trading, and sales of municipal debt. Their services are beneficial to issuers, broker-dealers, investors, state government, and Texas citizens. The MAC updates and maintains nearly 5,000 Texas Municipal Reports (TMRS), providing financial and economic data, including outstanding debt and debt service schedules, basic financial statements, economic background, and finance-related officials. Their information services also include tax information for issuers with tax-supported debt, vital for informed decision-making. The MAC, with a staff of 38, updates over 3,800 TMRS annually and adds new bond issues, elections, and documents to their database.
Official website here: www.mactexas.com
Is Municipal Advisory Council Of Texas legitimate?
Municipal Advisory Council Of Texas is a legitimate nonprofit organization registered as a 501(c)(6) entity. Municipal Advisory Council Of Texas submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,122,847
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,024,215
For more financial information, click here
Official website here: www.mactexas.com
What is the mission statement of Municipal Advisory Council Of Texas?
The Municipal Advisory Council of Texas, abbreviated as MAC, serves as the sole provider of comprehensive financial information regarding municipal debt issuers in the state. Its mission is geared towards promoting effective and efficient investment banking, underwriting, trading, and sales of municipal debt. This is achieved by gathering, maintaining, and disseminating information related to issuing entities.
The MAC publishes and regularly updates nearly 5,000 Texas Municipal Reports (TMRS), which provide financial and economic data on various state agencies and local government issuers. Each report includes essential details such as an issuer's outstanding debt and debt service schedule, basic financial statements, economic background, and a list of finance-related officials. The TMRS also incorporate vital tax information for issuers with tax-supported debt.
To facilitate TMR production, MAC analysts utilize data from various sources, including audits, continuing disclosure filings, official statements, county appraisal districts, the State Comptroller's Office, and various websites. They use the information from issuers with overlapping jurisdictions to calculate their overlapping tax-supported debt burdens. The TMRS and additional information, such as bond ratings, trade data from the Municipal Securities Rulemaking Board (MSRB) and associated documents, are made available online and updated daily by the MAC.
In 2022, approximately 3,800 TMRS were updated, and over 1,600 new bond issues, 300 bond elections, and over 215,000 new documents were added to the MAC database.
Official website here: www.mactexas.com
What is the revenue of Municipal Advisory Council Of Texas?
Municipal Advisory Council Of Texas's revenue in 2023 was $5,601,038.
Official website here: www.mactexas.com
Who are the executives of Municipal Advisory Council Of Texas and what are their salaries?
The average compensation at Municipal Advisory Council Of Texas during 2023 was $92,561. There are 34 employees and 10 volunteers at Municipal Advisory Council Of Texas.
Here are 17 key members and their salaries:
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- Other: $20,815
- Compensation: $146,577
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- Other: $23,056
Official website here: www.mactexas.com
Where can I find the form 990 for Municipal Advisory Council Of Texas?
Municipal Advisory Council Of Texas's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mactexas.com
Learn more at the official website: www.mactexas.com
Mission Statement of Municipal Advisory Council Of Texas
The Municipal Advisory Council of Texas (MAC) serves as the sole provider of comprehensive financial information related to municipal debt issuers in the state. Its mission is to promote effective and efficient investment banking, underwriting, trading, and sales of municipal debt. To achieve this, MAC collects, maintains, and distributes relevant information about issuing entities, benefiting issuers, broker-dealers, investors, state government, and the citizens of Texas.
The primary tool employed by MAC to fulfill its mission is the publication and regular updating of nearly 5,000 Texas Municipal Reports (TMRS). Each TMR provides a wealth of financial and economic data on each state agency and local government issuer, including their outstanding debt and debt service schedule, basic financial operating statements, economic background, and a list of finance-related officials. The TMRS also contain essential tax information for issuers with tax-supported debt. To facilitate TMR production, MAC analysts utilize data from audits, continuing disclosure filings, official statements, county appraisal districts, the State Comptroller's Office, and various websites.
MAC's use of information from issuers with overlapping jurisdictions allows it to calculate their overlapping tax-supported debt burdens. The TMRS and additional information, such as bond ratings, trade data from the Municipal Securities Rulemaking Board (MSRB), and associated documents, are made available online and are updated daily by MAC. In 2022 alone, 3,800 TMRS were updated, and 1,619 new bond issues, 318 bond elections, and over 215,000 new documents were added to the MAC database.
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Impact
October, 2024
The Municipal Advisory Council of Texas (MAC) significantly impacts the financial landscape of Texas municipalities by serving as the primary source of comprehensive financial information regarding municipal debt issuers. By publishing and regularly updating nearly 5,000 Texas Municipal Reports (TMRS), MAC equips municipal officials, investors, broker-dealers, and state government agencies with essential data on financial and economic conditions of local government issuers.
These reports include detailed information on outstanding debt, debt service schedules, financial operating statements, economic backgrounds, and lists of finance-related officials, thereby promoting transparency and informed decision-making.
Additionally, MAC’s role in analyzing data from various sources—such as audits, official statements, and county appraisal districts—allows it to calculate overlapping tax-supported debt burdens, providing a clearer picture of the fiscal responsibilities facing municipalities.
With updates in 2022 alone including 3,800 TMRS revisions, the addition of 1,619 new bond issues, 318 bond elections, and over 215,000 documents to its database, MAC ensures that stakeholders have access to the most current information, fostering effective and efficient practices in investment banking, underwriting, and trading of municipal debt. This commitment ultimately benefits the citizens of Texas by promoting sound financial management and aiding in community improvement efforts.
This information is meant to be a general summary of Municipal Advisory Council Of Texas. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $380,960
- Program Service Revenue: $5,171,495
- Gross Receipts: $6,583,500
Assets and Liabilities:
- Total Assets: $11,102,952
- Total Liabilities: $1,065,116
- Net Assets: $10,037,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNDERWRITING ASSESSMEN
Revenue
$4,059,296
SUBSCRIPTION FEES
Revenue
$688,528
SPECIALTY PUBLICATIONS
Revenue
$212,851
ANNUAL MEETING/CONFERE
Revenue
$210,820
Organization Details
Founding Year
1954
Principal Officer
Laura Slaughter
Website
www.mactexas.comNTEE Category
Code: S41 - Community improvement
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