Form 990 for tax year 2024
Filed by MINERAL WELLS AREA CHAMBER OF COMMERCE.
Totals
- Total revenue
- $718,020
- Total expenses
- $809,427
- Contributions and grants received
- $361,426
- Grants paid
- $59,704
- Program service revenue
- $304,411
- Investment income
- $50,815
- Other revenue
- $1,368
- Total assets, end of year
- $944,775
- Total liabilities, end of year
- $1,308
- Net assets or fund balances, end of year
- $943,467
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1e · Government grants (contributions)
$360,792
-
1f · All other contributions, gifts and grants
$634
-
2a · Program service revenue: Membership Dues & Assessments
total $156,783 · related or exempt $156,783
-
2b · Program service revenue: Program Services
total $147,628 · related or exempt $147,628
-
3 · Investment income
total $34,498 · related or exempt $34,498
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $182,345
-
7b · Less cost or other basis and sales expenses
securities $166,028
-
7c · Gain or loss
securities $16,317
-
7d · Net gain or loss
total $16,317 · related or exempt $16,317
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$3,963
-
10b · Cost of goods sold
$2,595
-
10c · Net income from sales of inventory
total $1,368 · related or exempt $1,368
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $59,704
-
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 $75,094
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $215,483
-
8 · Pension plan contributions
total $7,338
-
9 · Other employee benefits
total $20,792
-
10 · Payroll taxes
total $24,258
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $13,463
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $3,196
-
11g · Fees: other
total $2,724
-
12 · Advertising and promotion
total $161,885
-
13 · Office expenses
total $12,370
-
14 · Information technology
total $51,322
-
15 · Royalties
total $0
-
16 · Occupancy
total $52,675
-
17 · Travel
total $11,523
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $8,800
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $728
-
24a · Other expenses: PROGRAM SERVICE EXPENSES
total $63,662
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $11,472
-
24c · Other expenses: BANK & MERCHANT CC FEES
total $7,402
-
24d · Other expenses: Printing and Publications
total $5,536
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $51,489 · end of year $46,700
-
2 · Savings and temporary cash investments
beginning of year $356,570 · end of year $235,073
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $4,240 · end of year $3,325
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $3,500 · end of year $3,500
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$11,809
-
10b · Land, buildings and equipment: accumulated depreciation
$11,809
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $614,547 · end of year $656,177
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,100 · end of year $1,308
-
31 · Retained earnings, endowment or other funds
beginning of year $1,028,246 · end of year $943,467
Mission and programs · 2024
Mission
TO PROMOTE ECONOMIC GROWTH, TOURISM AND LEADERSHIP DEVELOPMENT IN THE CITY OF MINERAL WELLS, TEXAS, AND SURROUNDING AREAS
-
THE CHAMBER COORDINATES ADVERTISING AND EVENTS TO ATTRACT VISITORS AND NEW BUSINESSES TO MINERAL WELLS, TEXAS. IN ADDITION, THE CHAMBER PROVIDES RESOURCES TO SUPPORT AND TRAIN LOCAL BUSINESS OWNERS.
-
GRANTS TO LOCAL ORGANIZATIONS ATTRACTING TOURISM AND NEW BUSINESSES TO THE MINERAL WELLS, TEXAS AREA
As filed on the 2024 return.
Listed in Part VII
-
Melody SingletonMELODY SINGLETON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Troy HusemanTROY HUSEMAN
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Cole VaughanCOLE VAUGHAN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Bridgett WorleyBRIDGETT WORLEY
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Jake GroganJAKE GROGAN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sheila CharlesSHEILA CHARLES
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Angie MyrickANGIE MYRICK
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Bridget SheltonBRIDGET SHELTON
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Christina PhenixCHRISTINA PHENIX
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Hayden BrownHAYDEN BROWN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kriste BurnetKRISTE BURNET
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Carol MontgomeryCAROL MONTGOMERY
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Trina RichardsTRINA RICHARDS
Director
- Total calculated
- $0
- Hours/week
- 0.5
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
-
FRIENDS OF CRAZY WATER
$13,000
PUBLIC FESTIVAL
-
$11,000
PUBLIC MUSIC EVENT
-
$8,000
PUBLIC GARDENS
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.
-
ENVISION MINERAL WELLS FOUNDATION
501(C) (3) · EDUC, CHARITABLE · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503469349301700
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