Form 990 for tax year 2023
Filed by GAY LESBIAN BISEXUAL TRANSGENDER CHAMBER OF COMMERCE FOUNDATION.
Totals
- Total revenue
- $43,769
- Total expenses
- $49,193
- Contributions and grants received
- $70,654
- Grants paid
- $22,500
- Program service revenue
- -$4,100
- Investment income
- $0
- Other revenue
- -$22,785
- Total assets, end of year
- $128,130
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $128,130
- Program services expenses (Part IX)
- $38,362
- Management and general expenses
- $10,831
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $38,362
Program services were 78.0% 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.
-
1c · Fundraising events
$48,716
-
1f · All other contributions, gifts and grants
$21,938
-
2a · Program service revenue: PROGRAM REVENUE
total -$4,100 · related or exempt -$4,100
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$14,254
-
8a · Fundraising events: contributions included on line 1c
$48,716
-
8b · Fundraising events: direct expenses
$37,039
-
8c · Net income from fundraising events
total -$22,785 · excluded -$22,785
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $22,500 · program services $22,500
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $5,816 · management and general $5,816
-
12 · Advertising and promotion
total $1,920 · program services $1,920
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $37 · program services $5 · management and general $32
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,155 · management and general $2,155
-
24a · Other expenses: BANK FEES
total $8,116 · program services $6,248 · management and general $1,868
-
24b · Other expenses: EVENTS
total $5,404 · program services $5,404
-
24c · Other expenses: SUPPLIES
total $2,262 · program services $1,785 · management and general $477
-
24d · Other expenses: CHARITABLE CONTRIBUTIONS
total $500 · program services $500
-
24e · All other expenses
total $483 · management and general $483
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $125,807 · end of year $126,130
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $1,250 · end of year $2,000
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $6,500 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$840
-
10b · Land, buildings and equipment: accumulated depreciation
$840
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $945
-
27 · Net assets without donor restrictions
beginning of year $124,162 · end of year $119,680
-
28 · Net assets with donor restrictions
beginning of year $8,450 · end of year $8,450
Mission and programs · 2023
Mission
The GLBT Chamber of Commerce Foundation develops leaders in the LGBTQ+ community.
Activities or mission (Part I)
The GLBT Chamber of Commerce Foundation develops leaders in the LGBTQ+ community. The Foundation provides education scholarships and produces an annual nine-month leadership development program.
-
ScholarshipsIn 2023, one fundraising event was produced to support the Foundations scholarship program, the scholars gala. About the LGBT Chamber Foundation Scholarship Program-Since 2011, the LGBT Chamber of Commerce Foundation has awarded more than $150,000 in scholarships to deserving LGBTQ and ally students across Texas. The Foundation makes scholarship grants to students who self-identify as LGBTQ+, children of LGBTQ+ parent(s), and LGBTQ+ allies who have worked in support of the community in a significant way. The scholarship grants may be used for any accredited post-secondary education, including traditional colleges and universities, trade schools, and certificate programs. Applications are accepted for all degree programs, from undergraduate studies to Ph.D. candidates.
Expenses $22,500 · Grants $22,500
-
DEI Conference-The Texas DEI Conference was held on July 19, 2023. The conference was held at Dallas College Brookhaven Campus. In conjunction with the DEI Conference, we hosted a Business/Employee Resource Group summit. Attendance at the summit was 47; attendance at the DEI Conference was 62.
Expenses $15,862
-
Leadership InstituteThe LGBT Leadership Institute is a nine-month leadership development program that runs from September through May. In 2023, income was $11,600; expenses were $10,805.As of 12/31/2023 Total Leadership Institute program income was $48,650 and expenses were $19,651. About the LGBT Leadership Institute-The LGBT Chamber of Commerce Foundation Leadership Institute develops leadership skills for LGBT and Ally professionals. We provide a safe and nurturing environment to develop skills and explore the critical issues facing the LGBTQ+ community. The program presents a diverse cohort of participants with valuable leadership skills, knowledge, and a historical view of the LGBTQ+ community and the equality movement. Upon completing the nine-part program, participants will better understand the community and have obtained advanced leadership skills.
As filed on the 2023 return.
Listed in Part VII
-
SHELLEY HUNTER
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
CLINT THOMSON
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
SUZANNE BUTLER
Treasurer
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
JACOB KRYSIAK
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
STEPHEN LEWIS
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
SCOTT CARNES
chair elect
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
GERARDO SANCHEZ
past Chairman
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
RACHEL WOLF
Chairman
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
ARMANDO GONZALEZ
Secretary
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
ARMANDO RAMIREZ
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
JOLI ROBINSON
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
JUSTIN WILLIAMS
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
CLARK DAVIS
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
KEVIN WILLIAMS
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
KEVIN MCKEEVER
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
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.
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.
-
NORTH TEXAS GAY LESBIAN BISEXUAL TRANSGE
501(C)(6) · ECONOMIC DEVELOPMENT & ADVOCACY · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433189349306498
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