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Nonprofiteer
← PLAINVIEW INDUSTRIAL FOUNDATION INC

Form 990 for tax year 2023

Filed by PLAINVIEW INDUSTRIAL FOUNDATION INC.

Totals

Total revenue
$131,795
Total expenses
$162,672
Contributions and grants received
$0
Grants paid
$55,000
Program service revenue
$124,136
Investment income
$7,659
Other revenue
$0
Total assets, end of year
$877,729
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$877,729
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$107,672

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.

  • 2a · Program service revenue: ECONOMIC DEVELOPMENT

    total $124,136 · related or exempt $124,136

  • 3 · Investment income

    total $7,659 · excluded $7,659

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,000

  • 11c · Fees: accounting

    total $1,200

  • 11g · Fees: other

    total $31,743

  • 12 · Advertising and promotion

    total $11,593

  • 13 · Office expenses

    total $21,025

  • 16 · Occupancy

    total $15,346

  • 17 · Travel

    total $8,806

  • 22 · Depreciation, depletion and amortization

    total $6,758

  • 23 · Insurance

    total $7,537

  • 24a · Other expenses: DUES & MEMBERSHIPS

    total $3,548

  • 24b · Other expenses: BANK CHARGES

    total $90

  • 24c · Other expenses: POSTAGE & SHIPPING

    total $26

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,050 · end of year $192,330

  • 2 · Savings and temporary cash investments

    beginning of year $592,262 · end of year $599,863

  • 10a · Land, buildings and equipment: cost or other basis

    $222,698

  • 10b · Land, buildings and equipment: accumulated depreciation

    $137,162

  • 10c · Land, buildings and equipment, net

    beginning of year $92,294 · end of year $85,536

  • 27 · Net assets without donor restrictions

    beginning of year $908,606 · end of year $877,729

Mission and programs · 2023

Mission

PROMOTE INDUSTRIAL DEVELOPMENT AND CREATE JOBS IN THE CITY OF PLAINVIEW AND COUNTY OF HALE, TEXAS

  • ASSISTED PROSPECTIVE BUSINESSES DESIRING TO LOCATE OR RELOCATE OPERATIONS IN PLAINVIEW AND HALE COUNTY, TEXAS

    Expenses $107,672 · Grants $55,000 · Revenue $124,136

As filed on the 2023 return.

Listed in Part VII

  • Chris Lefevre

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Sharon Wright

    1ST VICE PRES

    Total calculated
    $0
    Hours/week
    2

  • Jordan Loeffler

    2ND VICE PRES

    Total calculated
    $0
    Hours/week
    2

  • Danny Glenn

    SEC/TREAS

    Total calculated
    $0
    Hours/week
    2

  • Kristi Aday

    EXECUTIVE DIRECTOR

    Total calculated
    $115,014
    From this org
    $115,014
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,014
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $115,014

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

FORM 990, PART VII, LINE 5
THE CITY OF PLAINVIEW PAID KRISTI A BASE WAGES IN THE AMOUNT OF $115,014 FOR HER ROLE AS EXECUTIVE DIRECTOR OF THE FOUNDATION.

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

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202433189349303678

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