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 CulwellKELBI CULWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David EmerickDAVID EMERICK
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Linda HeadLINDA HEAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Clay PopeCLAY POPE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Massey VillarrealMASSEY VILLARREAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ron LukeRON LUKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Glenn HamerGLENN 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 MatthewsSTEPHANIE 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 ScheberleANDREW 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 MauroMEGAN 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 HartmanGREG 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.
-
501(C)(6) · TO SUPPORT EDUCATION & ECONOMIC GROWTH IN TEXAS · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349327839
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