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Nonprofiteer
← FORT WORTH HISPANIC CHAMBER OF COMMERCE INC

Form 990 for tax year 2022

Filed by FORT WORTH HISPANIC CHAMBER OF COMMERCE INC.

Totals

Total revenue
$980,357
Total expenses
$609,625
Contributions and grants received
$278,271
Grants paid
$0
Program service revenue
$346,100
Investment income
$5,613
Other revenue
$350,373
Total assets, end of year
$1,002,678
Total liabilities, end of year
$263,015
Net assets or fund balances, end of year
$739,663
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $278,271

  • 2a · Program service revenue: ECONOMIC DEVELOPMENT

    total $16,750 · related or exempt $16,750

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $329,350 · related or exempt $329,350

  • 3 · Investment income

    total $5,613 · excluded $5,613

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $160 · excluded $160

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $587,389

  • 8b · Fundraising events: direct expenses

    $248,083

  • 8c · Net income from fundraising events

    total $339,306 · excluded $339,306

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $10,907 · related or exempt $10,907

  • 11e · Other revenue, total

    $10,907

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $129,808

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $259,834

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $30,172

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $13,829

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $10,848

  • 13 · Office expenses

    total $51,707

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $19,868

  • 17 · Travel

    total $9,068

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $97

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $15,747

  • 23 · Insurance

    total $55,203

  • 24a · Other expenses: COMMUNITY EVENTS

    total $11,749

  • 24b · Other expenses: MISCELLANEOUS

    total $1,695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $371,060 · end of year $741,380

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $107,398 · end of year $133,870

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $3,337 · end of year $3,337

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,630 · end of year $12,292

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

    $583,168

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

    $476,111

  • 10c · Land, buildings and equipment, net

    beginning of year $118,244 · end of year $107,057

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $4,742

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,675 · end of year $2,550

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $229,407 · end of year $244,131

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $12,656 · end of year $16,334

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $368,931 · end of year $739,663

Mission and programs · 2022

Mission

TO ENCOURAGE PEOPLE TO ENTER THE ECONOMIC WORLD, PROMOTE ECONOMIC DEVELOPMENT, AND TO PROVIDE NECESSARY SUPPORT SERVICES TO THE BUSINESS COMMUNITY.

  • BUSINESS ASSISTANCE CENTER - TO ASSIST BUSINESSES THAT ARE IN THE START UP PHASE IN THE COBG AREA.

  • ECONOMIC DEVELOPMENT - PROVIDES ASSISTANCE FOR START-UP BUSINESS, ONE-ON-ONE COUNSELING, HOSTS A QUARTERLY EIGHT WEEK COURSE THAT GIVES AN OVERVIEW OF BUSINESS REQUIREMENTS, INSTRUCTION ON HOW TO WRITE A BUSINESS PLAN, ACCESS TO CAPITAL, CERTIFICATION, MARKETING, FINANCIAL & CONTRACTS, IMPORTS & EXPORTS, ZONING & PERMITS.

  • CONVENTIONS - PROVIDE NETWORKING, TRAINING AND PRODUCT PROMOTION OPPORTUNITIES AT THE STATE AND NATIONAL LEVEL.

As filed on the 2022 return.

Listed in Part VII

  • Anette Landeros

    President/CEO

    Total calculated
    $129,808
    From this org
    $129,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Larry Anfin

    Board of Directors

    Total calculated
    $0
    Hours/week
    2

  • Alexander Robledo

    Board of Directors

    Total calculated
    $0
    Hours/week
    2

  • Crystal Alba

    Board of Directors

    Total calculated
    $0
    Hours/week
    2

  • Ish Arebalos

    Chairman-Elect

    Total calculated
    $0
    Hours/week
    2

  • David Ximenez

    Board of Directors

    Total calculated
    $0
    Hours/week
    2

  • Vanessa Copeland

    Board of Director

    Total calculated
    $0
    Hours/week
    2

  • Gloria Starling

    Chairmanwoman

    Total calculated
    $0
    Hours/week
    2

  • Mario Valdez

    Parliamentarian

    Total calculated
    $0
    Hours/week
    2

  • Noe Neaves

    Board of Director

    Total calculated
    $0
    Hours/week
    2

  • Rachel Arellano

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Carolann Morris

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Paul Padilla

    Board of Director

    Total calculated
    $0
    Hours/week
    2

  • Rosa Berdeja

    Board of Director

    Total calculated
    $0
    Hours/week
    2

  • Dominique Anderson

    Board of Director

    Total calculated
    $0
    Hours/week
    2

  • Francisco Islas

    Board of Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Marie Holliday

    Board of Director

    Total calculated
    $0
    Hours/week
    2

  • Erika Ramos

    Board of Director

    Total calculated
    $0
    Hours/week
    2

  • Adrian Galvan

    Board of Director

    Total calculated
    $0
    Hours/week
    2

  • Dustin Almaguer

    Board of Director

    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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202333119349303553

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