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← TEXAS ASSOCITATION OF BUSINESS & CHAMBERS OF COMMERCE FOUNDATION

Form 990 for tax year 2023

Filed by TEXAS ASSOCITATION OF BUSINESS & CHAMBERS OF COMMERCE FOUNDATION.

Totals

Total revenue
$257,590
Total expenses
$468,593
Contributions and grants received
$257,590
Grants paid
$8,250
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$374,000
Total liabilities, end of year
$53,726
Net assets or fund balances, end of year
$320,274
Program services expenses (Part IX)
$311,117
Management and general expenses
$157,476
Fundraising expenses
$0
Program service expenses (Part III)
$311,117

Program services were 66.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $185,493

  • 1f · All other contributions, gifts and grants

    $72,097

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,250 · program services $8,250

  • 11c · Fees: accounting

    total $2,376 · management and general $2,376

  • 11g · Fees: other

    total $214,567 · program services $81,743 · management and general $132,824

  • 13 · Office expenses

    total $216 · management and general $216

  • 17 · Travel

    total $17,457 · management and general $17,457

  • 19 · Conferences, conventions and meetings

    total $3,620 · management and general $3,620

  • 21 · Payments to affiliates

    total $218,586 · program services $218,586

  • 24a · Other expenses: PROGRAM EXPENSES

    total $2,538 · program services $2,538

  • 24b · Other expenses: AUTO & PARKING

    total $739 · management and general $739

  • 24c · Other expenses: MISCELLANEOUS

    total $163 · management and general $163

  • 24d · Other expenses: DUES & SUBSCRIPTION

    total $81 · management and general $81

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $439,756 · end of year $330,005

  • 3 · Pledges and grants receivable

    beginning of year $96,153 · end of year $0

  • 4 · Accounts receivable

    beginning of year $124,806 · end of year $40,245

  • 15 · Other assets

    beginning of year $0 · end of year $3,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $129,337 · end of year $53,726

  • 27 · Net assets without donor restrictions

    beginning of year $37,728 · end of year $48,295

  • 28 · Net assets with donor restrictions

    beginning of year $493,650 · end of year $271,979

Mission and programs · 2023

Mission

TO IMPROVE THE EDUCATION ENVIRONMENT, EDUCATE THE PUBLIC ON IMPORTANT BUSINESS ISSUES, AND SUPPORT CHAMBER ACTIVITIES.

Activities or mission (Part I)

EDUCATION OF MEMBERS ON ECONOMIC ISSUES IMPACTING THE BUSINESS COMMUNITY.

  • TAB CONVENED DOZENS OF WORKING AND FOCUSED GROUPS, DID A DEEP DATA ANALYSIS, CREATED A SUPPLY CHAIN COMPETITIVENESS AND RESHORING REPORT AND PUBLISHED IT ON THE TAB WEBSITE. TAB PROMOTED THIS IN IN-PERSON PRESENTATIONS WITH ECONOMIC DEVELOPMENT, BUSINESS AND CHAMBER OF COMMERCE LEADERS THROUGHOUT TEXAS.

    Expenses $114,142 · Grants $8,250

  • THE JPMORGAN CHASE GRANT EXPANDED TABCCF'S "SECOND CHANCE" HIRING INITIATIVE, BUILDING A COALITION OF EMPLOYERS WHO SUPPORT OR WISH TO ADOPT SECOND CHANCE HIRING PRACTICES. THE TEXAS SECOND CHANCE EMPLOYERS COALITIONA NETWORK OF BUSINESSES COMMITTED TO PROMOTING SECOND CHANCE HIRINGENGAGES AND SUPPORTS TEXAS EMPLOYERS, CONNECTING THEM WITH SERVICE PROVIDERS AND STATE AGENCIES TO ENSURE SUCCESSFUL PROGRAM IMPLEMENTATION. THIS EFFORT DIRECTLY ENHANCES WORKFORCE AVAILABILITY, BOOSTS ECONOMIC GROWTH, AND STRENGTHENS THE STATE'S BUSINESS CLIMATE.

    Expenses $50,000

  • UNDER THE EDA GRANT, TAB ORGANIZED NUMEROUS WORKING GROUPS AND UNDERTOOK AN EXTENSIVE DATA ANALYSIS TO PRODUCE A COMPREHENSIVE REPORT ON SUPPLY CHAIN COMPETITIVENESS AND RESHORING. THIS REPORT, PUBLISHED ON TAB'S WEBSITE, HAS BEEN SHARED WITH ECONOMIC DEVELOPMENT AND BUSINESS LEADERS THROUGHOUT TEXAS IN A SERIES OF PRESENTATIONS, REINFORCING TEXAS'S POSITION IN COMPETITIVE SUPPLY CHAIN MANAGEMENT.

    Expenses $146,975

As filed on the 2023 return.

Listed in Part VII

  • Kelbi Culwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Emerick

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Linda Head

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Clay Pope

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Massey Villarreal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ron Luke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Glenn Hamer

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $359,404
    From this org
    $0
    From related orgs
    $325,000
    Other
    $34,404
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,000 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $16,250 related
    Nontaxable benefits
    $0 + $18,154 related
    Filer's total
    $0 + $359,404 related
  • Stephanie Matthews

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $161,440
    From this org
    $0
    From related orgs
    $144,375
    Other
    $17,065
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,375 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $7,219 related
    Nontaxable benefits
    $0 + $9,846 related
    Filer's total
    $0 + $161,440 related
  • Andrew Scheberle

    EXECUTIVE DIRECTOR

    Total calculated
    $137,188
    From this org
    $0
    From related orgs
    $122,500
    Other
    $14,688
    Hours/week
    2 + 32 related
  • Megan Mauro

    EVP, CHIEF OF STAFF

    Total calculated
    $164,095
    From this org
    $0
    From related orgs
    $148,125
    Other
    $15,970
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,125 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $7,406 related
    Nontaxable benefits
    $0 + $8,564 related
    Filer's total
    $0 + $164,095 related
  • Greg Hartman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349327839

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