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← FORT WORTH COLONIAL CHARITIES INC

Form 990 for tax year 2022

Filed by FORT WORTH COLONIAL CHARITIES INC.

Totals

Total revenue
$900,146
Total expenses
$446,692
Contributions and grants received
$932,008
Grants paid
$401,218
Program service revenue
$52,570
Investment income
$0
Other revenue
-$84,432
Total assets, end of year
$709,391
Total liabilities, end of year
$10,240
Net assets or fund balances, end of year
$699,151
Program services expenses (Part IX)
$407,443
Management and general expenses
$16,469
Fundraising expenses
$22,780
Program service expenses (Part III)
$407,443

Program services were 91.2% 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

    $261,702

  • 1f · All other contributions, gifts and grants

    $670,306

  • 2a · Program service revenue: SPONSORSHIP INCOME

    total $52,570 · unrelated business $52,570

  • 8a · Fundraising events: gross income

    $27,998

  • 8a · Fundraising events: contributions included on line 1c

    $261,702

  • 8b · Fundraising events: direct expenses

    $112,430

  • 8c · Net income from fundraising events

    total -$84,432 · excluded -$84,432

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $401,218 · program services $401,218

  • 11b · Fees: legal

    total $7,365 · program services $5,797 · management and general $1,568

  • 11c · Fees: accounting

    total $3,177 · management and general $3,177

  • 13 · Office expenses

    total $607 · program services $428 · management and general $179

  • 16 · Occupancy

    total $8,450 · management and general $8,450

  • 24a · Other expenses: SPONSORSHIP EXPENSES

    total $22,780 · fundraising $22,780

  • 24b · Other expenses: BANK CHARGES

    total $3,095 · management and general $3,095

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $275,980 · end of year $686,141

  • 4 · Accounts receivable

    beginning of year $19,872 · end of year $12,500

  • 9 · Prepaid expenses and deferred charges

    end of year $10,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,155 · end of year $10,240

  • 27 · Net assets without donor restrictions

    beginning of year $117,928 · end of year $203,477

  • 28 · Net assets with donor restrictions

    beginning of year $127,769 · end of year $495,674

Mission and programs · 2022

Mission

FORT WORTH COLONIAL CHARITIES, INC. (FWCC) PROVIDES AN OPPORTUNITY FOR OTHER CHARITABLE ORGANIZATIONS IN TARRANT COUNTY TO UTILIZE THE AWARENESS AND MAGNITUDE OF A PGA TOUR EVENT TO FURTHER GRANT-MAKING.

Activities or mission (Part I)

SUPPORT CHARITABLE ORGANIZATIONS IN TARRANT COUNTY, TEXAS.

  • THROUGH DIRECT GRANTMAKING, FWCC SUPPORTS LOCAL CHARITIES IN THE TARRANT COUNTY, TEXAS AREA IN SUPORT OF EACH RESPECTIVE GRANTEES CHARITABLE MISSION.

    Expenses $407,443 · Grants $401,218

As filed on the 2022 return.

Listed in Part VII

  • Robert K Hood

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • James Leito III

    VICE PRESIDENT AND TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Tim Bostic

    VICE PRESIDENT AND SECRETARY

    Total calculated
    $0
    Hours/week
    2

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
10 October 2023
IRS schema version
2022v5.0
Source object
202302969349301910

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

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