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Nonprofiteer
← BIG SPRING AREA COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by BIG SPRING AREA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$2,004,612
Total expenses
$860,769
Contributions and grants received
$1,198,877
Grants paid
$637,170
Program service revenue
$0
Investment income
$805,735
Other revenue
$0
Total assets, end of year
$19,134,401
Total liabilities, end of year
$5,825,527
Net assets or fund balances, end of year
$13,308,874
Program services expenses (Part IX)
$849,688
Management and general expenses
$4,997
Fundraising expenses
$6,084
Program service expenses (Part III)
$849,688

Program services were 98.7% 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

    $1,390

  • 1f · All other contributions, gifts and grants

    $1,197,487

  • 3 · Investment income

    total $805,735 · related or exempt $805,735

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $637,170 · program services $637,170

  • 5 · Compensation of officers, directors and key employees

    total $139,956 · program services $139,956

  • 11c · Fees: accounting

    total $51,775 · program services $51,775

  • 13 · Office expenses

    total $2,892 · program services $2,892

  • 14 · Information technology

    total $1,040 · program services $1,040

  • 19 · Conferences, conventions and meetings

    total $3,555 · program services $3,555

  • 22 · Depreciation, depletion and amortization

    total $4,997 · management and general $4,997

  • 23 · Insurance

    total $1,330 · program services $1,330

  • 24e · All other expenses

    total $18,054 · program services $11,970 · fundraising $6,084

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,116,260 · end of year $978,969

  • 2 · Savings and temporary cash investments

    beginning of year $234,484 · end of year $280,584

  • 11 · Investments: publicly traded securities

    beginning of year $14,906,498 · end of year $17,874,848

  • 21 · Escrow or custodial account liability

    beginning of year $2,745,645 · end of year $5,825,527

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,511,597 · end of year $13,308,874

Mission and programs · 2023

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.

  • SCHOLARSHIPS AND GRANTS TO EDUCATIONAL INSTITUTIONS:ANGELO STATE UNIVERSITY 21,000.00ARIZONA STATE UNIVERSITY 2,500.00BAYLOR UNIVERSITY 1,000.00CONCORDIA UNIVERSITY 2,500.00DALLAS BAPTIST UNIVERSITY 5,000.00HOWARD COLLEGE 29,161.81LUBBOCK CHRISTIAN UNIVERSITY 500.00SAM HOUSTON STATE UNIVERSITY 2,389.10TEXAS A&M COMMERCE 500.00TEXAS A&M UNIVERSITY 2,500.00TEXAS CHRISTIAN UNIVERSITY 2,500.00TEXAS STATE TECHNICAL COLLEGE 2,000.00TEXAS STATE UNIVERSITY 2,500.00TEXAS TECH UNIVERSITY 23,000.00THE UNIVERSITY OF OKLAHOMA 1,000.00

    Expenses $849,688 · Grants $849,688

  • GENERAL AND ADMINISTRATION SERVICES AND SOME GENERAL DONATIONS

  • SCHOLARSHIPS AND GRANTS TO EDUCATIONAL INSTITUTIONS CONTINUED:THE UNIVERSITY OF TEXAS PERMIAN BASIN 2,500.00THE UNIVERSITY OF TEXAS SAN ANTONIO 2,500.00 TOTAL 103,050.91

As filed on the 2023 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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403209349309275

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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