Form 990 for tax year 2022
Filed by MINERAL WELLS AREA CHAMBER OF COMMERCE.
Totals
- Total revenue
- $713,105
- Total expenses
- $670,055
- Contributions and grants received
- $560,015
- Grants paid
- $17,000
- Program service revenue
- $140,052
- Investment income
- $13,994
- Other revenue
- -$956
- Total assets, end of year
- $982,913
- Total liabilities, end of year
- $5,037
- Net assets or fund balances, end of year
- $977,876
- 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.
-
1b · Membership dues
$140,384
-
1e · Government grants (contributions)
$419,631
-
2a · Program service revenue: COMMUNITY EVENTS & MEMBR SUPP
total $140,052 · related or exempt $140,052
-
3 · Investment income
total $13,112 · excluded $13,112
-
6a · Gross rents
real property $100
-
6c · Rental income or loss
real property $100
-
6d · Net rental income or loss
total $100 · excluded $100
-
7a · Gross sales of assets other than inventory
securities $59,074
-
7b · Less cost or other basis and sales expenses
securities $58,192
-
7c · Gain or loss
securities $882
-
7d · Net gain or loss
total $882 · excluded $882
-
10a · Gross sales of inventory
$7,050
-
10b · Cost of goods sold
$8,106
-
10c · Net income from sales of inventory
total -$1,056 · excluded -$1,056
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $17,000
-
7 · Other salaries and wages
total $258,929
-
8 · Pension plan contributions
total $3,695
-
10 · Payroll taxes
total $20,227
-
11c · Fees: accounting
total $31,532
-
11f · Fees: investment management
total $1,946
-
11g · Fees: other
total $26,150
-
12 · Advertising and promotion
total $47,334
-
13 · Office expenses
total $24,118
-
14 · Information technology
total $28,031
-
16 · Occupancy
total $83,711
-
17 · Travel
total $12,141
-
19 · Conferences, conventions and meetings
total $616
-
22 · Depreciation, depletion and amortization
total $291
-
23 · Insurance
total $1,081
-
24a · Other expenses: COMMUNITY EVENTS/PROMOTIO
total $98,359
-
24b · Other expenses: DUES & MEMBERSHIPS
total $9,218
-
24c · Other expenses: CREDIT CARD PROC & BANK F
total $5,676
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $419,537 · end of year $91,309
-
2 · Savings and temporary cash investments
beginning of year $5,006 · end of year $376,663
-
8 · Inventories for sale or use
beginning of year $3,500 · end of year $3,500
-
10a · Land, buildings and equipment: cost or other basis
$262,591
-
10b · Land, buildings and equipment: accumulated depreciation
$11,809
-
10c · Land, buildings and equipment, net
beginning of year $326,935 · end of year $250,782
-
11 · Investments: publicly traded securities
beginning of year $238,303 · end of year $260,659
-
17 · Accounts payable and accrued expenses
beginning of year $732 · end of year $5,037
-
31 · Retained earnings, endowment or other funds
beginning of year $992,549 · end of year $977,876
Mission and programs · 2022
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 AREA
As filed on the 2022 return.
Listed in Part VII
-
MIKE ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SHAWN BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SHEILA CHARLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CORY CRENSHAW
PAST CHAIRMA
- Total calculated
- $0
- Hours/week
- 0.5
-
KACY DOW
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
NIKKI ELMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CARLA HAY-PERDUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TROY HUSEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CODY JORDAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
JESSICA SAMPLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
COLE VAUGHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PAT ANN WILSON
SECRETARY
- 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
-
THE MAX AND BILLIE CLARK FOUNDATION INC
$6,500
PUBLIC GARDENS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420609349300227
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