Form 990 for tax year 2023
Filed by CEN-TEX AFRICAN AMERICAN CHAMBER OF COMMERCE.
Totals
- Total revenue
- $383,036
- Total expenses
- $442,086
- Contributions and grants received
- $260,509
- Grants paid
- $25,500
- Program service revenue
- $122,527
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $238,869
- Total liabilities, end of year
- $146,863
- Net assets or fund balances, end of year
- $92,006
- Program services expenses (Part IX)
- $281,384
- Management and general expenses
- $159,465
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $281,384
Program services were 63.6% 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
$30,503
-
1e · Government grants (contributions)
$215,505
-
1f · All other contributions, gifts and grants
$14,501
-
2a · Program service revenue: MEMBERSHIP SERVICES
total $97,331 · unrelated business $0 · excluded $0
-
2b · Program service revenue: ESTHERS CLOSET
total $20,931 · unrelated business $0 · excluded $0
-
2c · Program service revenue: CTMB EQUITY FUND
total $4,265 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,000 · program services $25,000
-
2 · Grants to domestic individuals
total $500 · program services $500
-
5 · Compensation of officers, directors and key employees
total $71,926 · program services $46,752 · management and general $25,174 · fundraising $0
-
7 · Other salaries and wages
total $194,795 · program services $136,713 · management and general $58,082 · fundraising $0
-
9 · Other employee benefits
total $9,039 · program services $5,301 · management and general $3,738 · fundraising $0
-
10 · Payroll taxes
total $19,821 · program services $13,829 · management and general $5,992 · fundraising $0
-
11c · Fees: accounting
total $9,975 · program services $1,500 · management and general $8,475 · fundraising $0
-
11g · Fees: other
total $19,497 · program services $16,279 · management and general $3,218 · fundraising $0
-
12 · Advertising and promotion
total $11,081 · program services $3,427 · management and general $7,654 · fundraising $0
-
13 · Office expenses
total $15,505 · program services $628 · management and general $14,877 · fundraising $0
-
14 · Information technology
total $7,715 · program services $4,800 · management and general $2,915 · fundraising $0
-
16 · Occupancy
total $15,187 · program services $1,507 · management and general $13,680 · fundraising $0
-
17 · Travel
total $5,487 · program services $4,462 · management and general $1,025 · fundraising $0
-
20 · Interest
total $2,799 · program services $0 · management and general $2,799 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,237 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $2,138 · program services $945 · management and general $1,193 · fundraising $0
-
24a · Other expenses: MISCELLANEOUS
total $102 · program services $65 · management and general $37 · fundraising $0
-
24b · Other expenses: FOOD
total $15,815 · program services $15,328 · management and general $487 · fundraising $0
-
24c · Other expenses: DUES
total $2,211 · program services $0 · management and general $2,211 · fundraising $0
-
24d · Other expenses: MEETINGS & TRAINING
total $2,805 · program services $500 · management and general $2,305 · fundraising $0
-
24e · All other expenses
total $9,451 · program services $3,848 · management and general $5,603 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $246,430 · end of year $196,300
-
3 · Pledges and grants receivable
beginning of year $32,828 · end of year $31,408
-
9 · Prepaid expenses and deferred charges
end of year $7,570
-
10a · Land, buildings and equipment: cost or other basis
$20,484
-
10b · Land, buildings and equipment: accumulated depreciation
$16,893
-
10c · Land, buildings and equipment, net
beginning of year $2,641 · end of year $3,591
-
19 · Deferred revenue
beginning of year $13,654 · end of year $32,639
-
23 · Secured mortgages and notes payable
beginning of year $103,124 · end of year $101,201
-
25 · Other liabilities
beginning of year $14,065 · end of year $13,023
-
27 · Net assets without donor restrictions
beginning of year $54,083 · end of year $58,658
-
28 · Net assets with donor restrictions
beginning of year $96,973 · end of year $33,348
Mission and programs · 2023
Mission
PROMOTE ECONOMIC DEVELOPMENT / IMPACT SERVICES FOR COMMUNITY, SMALL BUSINESS, AND INDIVIDUALS BY CREATING OPPORTUNITIES FOR FINANCIAL SUCCESS
-
PROMOTE ECONOMIC DEVELOPMENT IN THE AFRICAN AMERICAN COMMUNITY
Expenses $281,384 · Revenue $122,527
As filed on the 2023 return.
Listed in Part VII
-
John Bible
Executive Director
- Total calculated
- $71,926
- From this org
- $71,926
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Chris King
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Dortheia Love
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Clay Springer
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Cervantes
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Gonzales
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Marissa Maguire
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Justin Rosolino
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Priscilla Stinnet
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tre Baldwin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dominique Bolts
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Camille Wilder
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia Wise
Board Member
- 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
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413189349303766
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