Form 990 for tax year 2023
Filed by TEXAS BUSINESS HALL OF FAME FOUNDATION.
Totals
- Total revenue
- $1,809,190
- Total expenses
- $1,966,263
- Contributions and grants received
- $1,851,481
- Grants paid
- $592,000
- Program service revenue
- $0
- Investment income
- $102,425
- Other revenue
- -$144,716
- Total assets, end of year
- $6,839,143
- Total liabilities, end of year
- $19,094
- Net assets or fund balances, end of year
- $6,820,049
- Program services expenses (Part IX)
- $1,518,934
- Management and general expenses
- $271,984
- Fundraising expenses
- $175,345
- Program service expenses (Part III)
- $1,518,934
Program services were 77.2% 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.
-
1b · Membership dues
$38,850
-
1c · Fundraising events
$1,189,137
-
1f · All other contributions, gifts and grants
$623,494
-
1g · Noncash contributions included above
$6,131
-
3 · Investment income
total $55,395 · excluded $55,395
-
7a · Gross sales of assets other than inventory
securities $372,353
-
7b · Less cost or other basis and sales expenses
securities $325,323
-
7c · Gain or loss
securities $47,030
-
7d · Net gain or loss
total $47,030 · excluded $47,030
-
8a · Fundraising events: gross income
$210,600
-
8a · Fundraising events: contributions included on line 1c
$1,189,137
-
8b · Fundraising events: direct expenses
$355,316
-
8c · Net income from fundraising events
total -$144,716 · excluded -$144,716
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $592,000 · program services $592,000
-
5 · Compensation of officers, directors and key employees
total $255,170 · program services $173,538 · management and general $69,116 · fundraising $12,516
-
7 · Other salaries and wages
total $275,492 · program services $187,359 · management and general $74,620 · fundraising $13,513
-
8 · Pension plan contributions
total $5,675 · program services $3,860 · management and general $1,537 · fundraising $278
-
9 · Other employee benefits
total $11,043 · program services $7,510 · management and general $2,991 · fundraising $542
-
10 · Payroll taxes
total $34,294 · program services $23,323 · management and general $9,289 · fundraising $1,682
-
11c · Fees: accounting
total $37,000 · management and general $37,000
-
11f · Fees: investment management
total $36,911 · management and general $36,911
-
11g · Fees: other
total $111,818 · program services $20,180 · management and general $663 · fundraising $90,975
-
12 · Advertising and promotion
total $2,408 · management and general $2,408
-
13 · Office expenses
total $46,106 · program services $15,656 · management and general $21,757 · fundraising $8,693
-
14 · Information technology
total $25,530 · program services $17,363 · management and general $6,915 · fundraising $1,252
-
16 · Occupancy
total $21,060 · program services $14,323 · management and general $5,704 · fundraising $1,033
-
17 · Travel
total $79,871 · program services $62,468 · management and general $323 · fundraising $17,080
-
19 · Conferences, conventions and meetings
total $24,910 · program services $23,047 · management and general $946 · fundraising $917
-
22 · Depreciation, depletion and amortization
total $387 · management and general $387
-
23 · Insurance
total $1,369 · management and general $1,369
-
24a · Other expenses: Event/production exp.
total $405,219 · program services $378,307 · management and general $48 · fundraising $26,864
-
26 · Joint costs (an allocation of the lines above)
total $511,429 · program services $383,572 · management and general $0 · fundraising $127,857
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $310,649 · end of year $406,496
-
3 · Pledges and grants receivable
beginning of year $1,697,658 · end of year $1,451,579
-
4 · Accounts receivable
end of year $5,670
-
9 · Prepaid expenses and deferred charges
beginning of year $17,443 · end of year $55,563
-
10a · Land, buildings and equipment: cost or other basis
$3,986
-
10b · Land, buildings and equipment: accumulated depreciation
$3,923
-
10c · Land, buildings and equipment, net
beginning of year $449 · end of year $63
-
11 · Investments: publicly traded securities
beginning of year $1,807,989 · end of year $2,004,333
-
12 · Investments: other securities
beginning of year $2,610,367 · end of year $2,915,439
-
17 · Accounts payable and accrued expenses
beginning of year $24,274 · end of year $19,094
-
27 · Net assets without donor restrictions
beginning of year $3,071,804 · end of year $3,374,522
-
28 · Net assets with donor restrictions
beginning of year $3,348,477 · end of year $3,445,527
Mission and programs · 2023
Mission
To recognize the accomplishments and contributions of our outstanding Texas business leaders and to perpetuate and inspire the values of entrepreneurial spirit, personal integrity, and community leadership in all generations of Texans.
Activities or mission (Part I)
Annually, the Texas Business Hall of Fame inducts six transformational business leaders and funds an awards program for up to 40 entrepreneurial students in the higher education space, veteran company, high school business education space and high school entrepreneurial space. Its grants range from $2,000 for high school recipients to $15,000 for recipients in the higher education space. Veteran awardees receive $20,000 grants. Additional funding supports mentoring opportunities and leadership events in major cities around the state of Texas.
-
For over 40 years, the Texas Business Hall of Fame Foundation (TBHFF) has sought to perpetuate and inspire the values of entrepreneurial spirit, personal integrity, and community leadership. Each year, TBHFF awards $15,000 awards to outstanding Texas college and university students and entrepreneurial veterans, encouraging them to put their talent, skills and entrepreneurial spirit to work in Texas. To date the Foundation has inducted more than 200 outstanding business leaders into the TBHF and awarded over $5,500,000 in scholarships to the "best of the best" Texas students and veterans. Continued on Schedule O
Expenses $1,518,934 · Grants $592,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John G Keeton
Chairman
- Total calculated
- $0
- Hours/week
- 6
-
David S Huntley
President/Chair-Elect
- Total calculated
- $0
- Hours/week
- 2
-
Shannon McClendon
Secretary, VP Diversity/Inclusion
- Total calculated
- $0
- Hours/week
- 2
-
D Kirk McDonald
VP Administration
- Total calculated
- $0
- Hours/week
- 2
-
Mary Bass
VP Director Membership
- Total calculated
- $0
- Hours/week
- 2
-
Brian W Garrison
VP Finance & Audit
- Total calculated
- $0
- Hours/week
- 5
-
Diane S McNulty
VP Scholar & Veteran Awards
- Total calculated
- $0
- Hours/week
- 2
-
Larry Hanrahan
VP Alumni Association
- Total calculated
- $0
- Hours/week
- 2
-
Jason L Signor
VP New Initiatives
- Total calculated
- $0
- Hours/week
- 2
-
Clay D Jett
VP Awards
- Total calculated
- $0
- Hours/week
- 2
-
Charlie Amato
Director
- Total calculated
- $0
- Hours/week
- 1
-
Latisha Andrews
Director
- Total calculated
- $0
- Hours/week
- 1
-
KR Averhoff
Director
- Total calculated
- $0
- Hours/week
- 1
-
Todd F Barth
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eric Bing
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bruce Blakemore
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amanda Brock
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robby Brown
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mary Rose Brown
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leland Burk
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michele Camp
Director
- Total calculated
- $0
- Hours/week
- 1
-
Janet Campbell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amy Chronis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim W Collins
Director
- Total calculated
- $0
- Hours/week
- 1
-
Will Collins
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jordan W Cowman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Cumming
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim A Cummins Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Martina L Dixon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kirk Edwards
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tres Evans
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn Faulk
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tilman J Fertitta
Director
- Total calculated
- $0
- Hours/week
- 1
-
Douglas L Foshee
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pat Frost
Director
- Total calculated
- $0
- Hours/week
- 1
-
W Carl Glaw Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael Gorton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Grammer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vicky Gunning
Director
- Total calculated
- $0
- Hours/week
- 1
-
Justin Harlin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Julia Harman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Harriet M Helmle
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christine Hollinden
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura Martinez Ilgun
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark M Johnson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jon P Karp
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shaun Kennedy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Walter Kinzie
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeff B Love
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ricky Maldonado
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ross D Margraves Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leigh Martin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Reba McNair
Director
- Total calculated
- $0
- Hours/week
- 1
-
Evan Melrose
Director
- Total calculated
- $0
- Hours/week
- 1
-
LaRhesa Moon
Director
- Total calculated
- $0
- Hours/week
- 1
-
J Scott Moore
Director
- Total calculated
- $0
- Hours/week
- 1
-
Blair Oden
Director
- Total calculated
- $0
- Hours/week
- 1
-
Daniel Parsley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Norman Paul
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Peacock
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charles Philpott
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Plunkett
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cory Ramsey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brad Rejebian
Director
- Total calculated
- $0
- Hours/week
- 1
-
Katie C Reynolds
Director
- Total calculated
- $0
- Hours/week
- 1
-
Caswell O Robinson Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Rodriguez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jay Rogers
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rose Rougeau
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Rummel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kevin J Ryan
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Sarvadi
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill Swanstrom
Director
- Total calculated
- $0
- Hours/week
- 1
-
Henry JN Taub II
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jessica W Thorne
Director
- Total calculated
- $0
- Hours/week
- 1
-
McHenry Tichenor
Director
- Total calculated
- $0
- Hours/week
- 1
-
Guillermo Trevino
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gavin Villareal
Director
- Total calculated
- $0
- Hours/week
- 1
-
Peggy Walker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim Wallace
Director
- Total calculated
- $0
- Hours/week
- 1
-
Welcome Wilson Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anne Witherspoon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jay Yarid
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim Young
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill Zartler
Director
- Total calculated
- $0
- Hours/week
- 1
-
Meredith Walker
Executive Director
- Total calculated
- $255,170
- From this org
- $239,623
- From related orgs
- $0
- Other
- $15,547
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $239,623
- Bonus
- $0
- Other
- $0
- Deferred
- $7,189
- Nontaxable benefits
- $8,358
- Filer's total
- $255,170
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
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349316010
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.