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Nonprofiteer
← BIG SPRING AREA COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by BIG SPRING AREA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$2,326,957
Total expenses
$793,190
Contributions and grants received
$1,932,610
Grants paid
$629,542
Program service revenue
$0
Investment income
$389,323
Other revenue
$5,024
Total assets, end of year
$16,257,242
Total liabilities, end of year
$2,745,645
Net assets or fund balances, end of year
$13,511,597
Program services expenses (Part IX)
$785,690
Management and general expenses
$311
Fundraising expenses
$7,189
Program service expenses (Part III)
$785,690

Program services were 99.1% 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

    $1,980

  • 1f · All other contributions, gifts and grants

    $1,930,630

  • 3 · Investment income

    total $389,323 · related or exempt $389,323

  • 5 · Royalties

    total $5,024 · related or exempt $5,024

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $629,542 · program services $629,542

  • 5 · Compensation of officers, directors and key employees

    total $127,107 · program services $127,107

  • 11b · Fees: legal

    total $945 · program services $945

  • 11c · Fees: accounting

    total $9,383 · program services $9,383

  • 13 · Office expenses

    total $1,176 · program services $1,176

  • 14 · Information technology

    total $777 · program services $777

  • 15 · Royalties

    total $216 · program services $216

  • 16 · Occupancy

    total $6,000 · program services $6,000

  • 19 · Conferences, conventions and meetings

    total $3,103 · program services $3,103

  • 22 · Depreciation, depletion and amortization

    total $311 · management and general $311

  • 23 · Insurance

    total $2,450 · program services $2,450

  • 24e · All other expenses

    total $12,180 · program services $4,991 · fundraising $7,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $251,051 · end of year $1,116,260

  • 2 · Savings and temporary cash investments

    beginning of year $1,100,344 · end of year $234,484

  • 11 · Investments: publicly traded securities

    beginning of year $16,962,900 · end of year $14,906,498

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,219 · end of year $1,219

  • 21 · Escrow or custodial account liability

    beginning of year $3,472,118 · end of year $2,744,426

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,840,958 · end of year $13,511,597

Mission and programs · 2022

Mission

RECEIVE GIFTS, BEQUESTS AND DONATIONS TO BE HELD AS ENDOWMENTS THAT WILL PROVIDE CHARITABLE, CULTURAL AND EDUCATIONAL BENEFITS TO THE BIG SPRING AND HOWARD COUNTY AREAS.

  • SEE SCHEDULE O

    Expenses $583,700 · Grants $583,700

  • SCHOLARSHIPS AND GRANTS TO EDUCATIONAL INSTITUTIONS:ANGELO STATE UNIVERSITY 7,500.00HARDING UNIVERSITY 2,500.00HOWARD COLLEGE 23,739.78LUBBOCK CHRISTIAN UNIVERSITY 2,500.00MCMURRY UNIVERSITY 2,500.00PENN STATE UNIVERSITY 2,500.00TARLETON STATE UNIVERSITY 2,500.00TEXAS A&M COMMERCE 2,000.00TEXAS A&M UNIVERSITY 9,000.00TEXAS STATE TECHNICAL COLLEGE 7,000.00TEXAS TECH UNIVERSITY 15,000.00THE UNIVERSITY OF HOUSTON 2,500.00THE UNIVERSITY OF TEXAS AT AUSTIN 2,500.00TULSA WELDING SCHOOL 2,000.00

    Expenses $83,740 · Grants $83,740

  • GENERAL AND ADMINISTRATION SERVICES AND SOME GENERAL DONATIONS

    Expenses $118,250 · Grants $118,250

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Vacant

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Robert L Crownover

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Diane Wood

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Patsy Sanchez

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jim Little

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Maureen Haddad

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jan Foresyth

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Leslie Elrod-Hobbs

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Bobby McDonald

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Drew Mouton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Tommy Churchwell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Richard Steel

    SECRETARY

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349304953

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