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Nonprofiteer
← FORT WORTH CHAMBER FOUNDATION INC

Form 990 for tax year 2023

Filed by FORT WORTH CHAMBER FOUNDATION INC.

Totals

Total revenue
$4,606
Total expenses
$28,846
Contributions and grants received
$1,500
Grants paid
$17,960
Program service revenue
$0
Investment income
$3,106
Other revenue
$0
Total assets, end of year
$466,722
Total liabilities, end of year
$17,470
Net assets or fund balances, end of year
$449,252
Program services expenses (Part IX)
$17,960
Management and general expenses
$10,886
Fundraising expenses
$0
Program service expenses (Part III)
$17,960

Program services were 62.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,500

  • 3 · Investment income

    total $3,106 · excluded $3,106

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,960 · program services $17,960

  • 11c · Fees: accounting

    total $10,126 · management and general $10,126

  • 23 · Insurance

    total $760 · management and general $760

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $517,732 · end of year $465,962

  • 3 · Pledges and grants receivable

    beginning of year $16,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $760 · end of year $760

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,000 · end of year $17,470

  • 27 · Net assets without donor restrictions

    beginning of year $22,558 · end of year $30,778

  • 28 · Net assets with donor restrictions

    beginning of year $450,934 · end of year $418,474

Mission and programs · 2023

Mission

THE FORT WORTH CHAMBER FOUNDATION, INC. WAS INCORPORATED TO RECEIVE AND ADMINISTER FUNDS TO BE USED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES RELATING TO THE CITY OF FORT WORTH.

  • THE PUBLIC EDUCATION GRANT SERVES THE STUDENTS OF FORT WORTH THROUGH THE SUPPORT TO THE CITY'S PUBLIC SCHOOLS.

    Expenses $17,150 · Grants $17,150

  • THE HERITAGE TRAILS PROGRAM BEGAN IN THE 1990'S AND IS COMPOSED OF HISTORIC SIDEWALK MARKERS THROUGHOUT DOWNTOWN FORT WORTH.

    Expenses $810 · Grants $810

As filed on the 2023 return.

Listed in Part VII

  • MATT OPTIZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • GARY CUMBIE

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MARILYN GILBERT

    SECRETARY/TREASURER

    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.

Grants on this return

  • FORT WORTH ISD

    $17,150

    EDUCATION GRANT FWISD

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
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349310952

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