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Nonprofiteer
← VICTORY HOUSTON INC

Form 990 for tax year 2022

Filed by VICTORY HOUSTON INC.

Totals

Total revenue
$319,637
Total expenses
$76,167
Contributions and grants received
$315,740
Grants paid
$0
Program service revenue
$3,864
Investment income
$33
Other revenue
$0
Total assets, end of year
$243,470
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$243,470
Program services expenses (Part IX)
$71,591
Management and general expenses
$4,576
Fundraising expenses
$0
Program service expenses (Part III)
$71,591

Program services were 94.0% 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.

  • 1b · Membership dues

    $33,700

  • 1f · All other contributions, gifts and grants

    $282,040

  • 1g · Noncash contributions included above

    $24,132

  • 2a · Program service revenue: SERVICE/FEE INCOME

    total $3,864 · excluded $3,864

  • 3 · Investment income

    total $33 · excluded $33

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $915 · management and general $915

  • 12 · Advertising and promotion

    total $11,562 · program services $11,562

  • 13 · Office expenses

    total $852 · management and general $852

  • 16 · Occupancy

    total $19,783 · program services $19,783

  • 23 · Insurance

    total $1,419 · program services $1,064 · management and general $355

  • 24a · Other expenses: EVENT EXPENSE DONATED I

    total $24,132 · program services $24,132

  • 24b · Other expenses: RALLY FOOD EXPENSE

    total $12,914 · program services $12,914

  • 24c · Other expenses: BANK CHARGES & CREDIT C

    total $4,560 · program services $2,106 · management and general $2,454

  • 24d · Other expenses: POSTAGE

    total $30 · program services $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $243,470

  • 27 · Net assets without donor restrictions

    end of year $243,470

Mission and programs · 2022

Mission

VICTORY HOUSTON, INC. WILL RAISE THE MOST MONEY AT THE LEAST COST TO PROVIDE SUPPORT FOR CANCER-RELATED INITIATIVES IN THE GREATER HOUSTON AREA.

  • VICTORY RALLY BALL IS AN ANNUAL GALA HELD TO RAISE MONEY IN THE FIGHT AGAINST CANCER. THIS DYNAMIC EVENT, PRESENTED BY VICTORY HOUSTON INC, FEATURES DINNER, DRINKS, SILENT AND LIVE AUCTIONS, LIVE MUSIC AND DANCING. ALL MONEY RAISED SUPPORTS CANCER RESEARCH AND INITIATIVES IN THE GREATER HOUSTON AREA.

    Expenses $71,591 · Revenue $3,864

  • THE FOUNDERS MEMBERSHIP LEVEL WAS INITIATED IN 2022 AS A ONE-TIME OPPORTUNITY FOR MEMBERS TO SUPPORT VICTORY AS FOUNDERS OF THE NEW ORGANIZATION. THE $1000 FEE INCLUDED THE MEMBERSHIP DUES FOR THE YEAR AND VESTED THOSE WHO JOINED AT THIS LEVEL AS FOUNDING MEMBERS.

  • THE CHARITABLE GIVING COMMITTEE IS RESPONSIBLE FOR THE DUE DILIGENCE ASSOCIATED WITH THE SOLICITATION OF IDEAS (FROM VICTORY HOUSTON, INC. MEMBERS), VETTING OF POTENTIAL CANDIDATES, AND FINAL RECOMMENDATIONS OF ORGANIZATIONS WHO ARE ELIGIBLE TO RECEIVE VICTORY FUNDS. FINAL RECOMMENDATIONS ARE PRESENTED TO THE EXECUTIVE BOARD FOR APPROVAL. RECIPIENTS MUST BE ALIGNED WITH THE VICTORY HOUSTON, INC. MISSION.

As filed on the 2022 return.

Listed in Part VII

  • Betty Beathard

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Joni Ballis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Bebe Falik

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Kelsey Wright

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Elaine Gartrell

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Kathy Bennett

    MEMBERSHIP SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Karen Peltz

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Fulghum

    SPECIAL EVENT CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Morris

    SPECIAL EVENT CHAIR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349307130

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