Totals
- Total revenue
- $2,373,417
- Total expenses
- $1,733,365
- Contributions and grants received
- $538,380
- Grants paid
- $0
- Program service revenue
- $1,729,896
- Investment income
- $77,942
- Other revenue
- $27,199
- Total assets, end of year
- $4,495,305
- Total liabilities, end of year
- $386
- Net assets or fund balances, end of year
- $4,494,919
- Program services expenses (Part IX)
- $1,725,929
- Management and general expenses
- $7,436
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,725,929
Program services were 99.6% 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)
$538,380
-
2a · Program service revenue: CRUSIN THE COAST EVENT
total $1,729,896 · related or exempt $1,729,896
-
3 · Investment income
total $77,942 · related or exempt $77,942
-
11a · Other revenue: SHORT TERM REPO PEOPLES
-
11b · Other revenue: UNREALIZED GAIN
total $27,199 · related or exempt $27,199
-
11e · Other revenue, total
$27,199
Functional expenses
Part IX, the statement of functional expenses.
-
22 · Depreciation, depletion and amortization
total $7,436 · management and general $7,436
-
24a · Other expenses: ADMINISTRATIVE
total $380,409 · program services $380,409
-
24b · Other expenses: PROGRAM COSTS
total $1,345,520 · program services $1,345,520
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,316,764 · end of year $807,796
-
2 · Savings and temporary cash investments
beginning of year $2,263,749 · end of year $3,368,891
-
4 · Accounts receivable
beginning of year $25,000 · end of year $45,096
-
10a · Land, buildings and equipment: cost or other basis
$320,787
-
10b · Land, buildings and equipment: accumulated depreciation
$47,465
-
10c · Land, buildings and equipment, net
beginning of year $269,154 · end of year $273,322
-
15 · Other assets
beginning of year $200 · end of year $200
-
17 · Accounts payable and accrued expenses
beginning of year $20,000 · end of year $386
-
29 · Capital stock, trust principal or current funds
beginning of year $3,854,867 · end of year $4,494,919
Mission and programs · 2023
Mission
INCREASE TOURISM ON GULF COAST
-
ANNUAL CAR SHOW WITH OVER 10000 ENTRANTS FROM 44 STATES ENHANCING HOTEL/MOTEL OCCUPANCY AND THEOVERALL ECONOMY IN THE 3 COASTAL COUNTIES.
Expenses $1,725,929 · Revenue $2,373,418
As filed on the 2023 return.
Listed in Part VII
-
SHERWOOD R BAILEY Jr
VICE-PRESIDENT
- Total calculated
- $125,961
- From this org
- $125,961
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Bill LadyBILL LADY
SECTREAS
- Total calculated
- $0
- Hours/week
- 0
-
Chevis C SwetmanCHEVIS C SWETMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441369349311409
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