Form 990 for tax year 2023
Filed by HURST EULESS BEDFORD CHAMBER OF COMMERCE.
Totals
- Total revenue
- $533,777
- Total expenses
- $532,686
- Contributions and grants received
- $221,537
- Grants paid
- $12,500
- Program service revenue
- $134,977
- Investment income
- $1,860
- Other revenue
- $175,403
- Total assets, end of year
- $665,956
- Total liabilities, end of year
- $42,760
- Net assets or fund balances, end of year
- $623,196
- 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
$218,113
-
1d · Related organizations
$3,424
-
2a · Program service revenue: NLF Fees to Chamber
total $13,200 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Publications
total $29,620 · unrelated business $29,620 · excluded $0
-
2c · Program service revenue: Leadership and Local
total $40,450 · unrelated business $0 · excluded $0
-
2d · Program service revenue: EDF Fees to Chamber
total $26,800 · unrelated business $0 · excluded $0
-
2e · Program service revenue: Economic Development
total $12,925 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $11,982 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,860 · unrelated business $0 · excluded $1,860
-
8a · Fundraising events: gross income
$303,145
-
8b · Fundraising events: direct expenses
$127,742
-
8c · Net income from fundraising events
total $175,403 · unrelated business $0 · excluded $175,403
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $12,500 · program services $0
-
5 · Compensation of officers, directors and key employees
total $143,315 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $142,482 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $4,288 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $18,614 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $23,563 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $18,000 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $2,266 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $15,445 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $19,922 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $25,825 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $3,635 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $1,119 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $11,074 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $9,576 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Publications
total $4,516 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: Leadership/Local
total $16,835 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: Member Expenses
total $25,765 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses: Miscellaneous Expense
total $6,656 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $27,290 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $407,481 · end of year $358,172
-
2 · Savings and temporary cash investments
end of year $50,000
-
10a · Land, buildings and equipment: cost or other basis
$668,239
-
10b · Land, buildings and equipment: accumulated depreciation
$410,455
-
10c · Land, buildings and equipment, net
beginning of year $260,973 · end of year $257,784
-
25 · Other liabilities
beginning of year $46,349 · end of year $42,760
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $622,105 · end of year $623,196
Mission and programs · 2023
Mission
To serve our members and the community, and to foster economic development in the Hurst-Euless-Bedford Area.
Activities or mission (Part I)
To serve our members and the community, and to foster economic devlopment in the Hurst-Euless-Bedford area.
-
Business Development - To provide programs and activities to help members stay in business and grow their business through educational and networking opportunities.
-
Community Development - To provide programs and activities to facilitate members interacting with and learning about the community to improve the quality of life in the surrounding area.
-
Economic Development - To provide programs and activites that focus on retaining businesses in the Hurst-Euless-Bedford area and attracting new businesses to the Hurst-Euless-Bedford area, as well as improving the economic climate of the area.
As filed on the 2023 return.
Listed in Part VII
-
Mary Frazior
President & CEO
- Total calculated
- $143,315
- From this org
- $135,540
- From related orgs
- $0
- Other
- $7,775
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $125,640
- Bonus
- $7,500
- Other
- $2,400
- Deferred
- $3,659
- Nontaxable benefits
- $4,116
- Filer's total
- $143,315
-
Dalene Parker
Chariman of the Board
- Total calculated
- $0
- Hours/week
- 3
-
Jeri Harwell
Immediate Past Chair
- Total calculated
- $0
- Hours/week
- 3
-
Brad Parker
Chair-Elect/Team Chair: Voice
- Total calculated
- $0
- Hours/week
- 3
-
Steve Farco
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Pete Benenati
Corporate Guidance Officer
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly Ball
Team Chair: Awareness
- Total calculated
- $0
- Hours/week
- 1
-
Don Proctor
Team Chair: Excellence
- Total calculated
- $0
- Hours/week
- 1
-
Jim Griffin
Team Chair: Growth
- Total calculated
- $0
- Hours/week
- 1
-
Sue Schulz
Team Chair: Success
- Total calculated
- $0
- Hours/week
- 1
-
James Wright
At Large Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jared Shelton
At Large Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan Shaw
At Large Director
- Total calculated
- $0
- Hours/week
- 1
-
Julie Andrews
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Rebecca Barksdale
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mandy Eliot
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Angie Leigh Monroe
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Christina Cates
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Faye Chambers
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Perry Champagne
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
John Fletcher
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Roger Fisher
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Chad Hughes
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer Leney
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrie Krahl
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Stan Pascal
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael Neal
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Stacy Pena Huynh
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Hugh Morrison
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark Overcash
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Leah Wood
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael Boyter
Director (partial year)
- Total calculated
- $0
- Hours/week
- 0.25
-
Dr Kenya Ayers-Palmore
Director (partial year)
- Total calculated
- $0
- Hours/week
- 0.25
-
Dr Jan Clayton
Director (partial year)
- Total calculated
- $0
- Hours/week
- 0.25
-
Dr Joe Harrington
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Gary Fickes
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Kelly Hancock
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Dan Cogan
Director (partial year)
- Total calculated
- $0
- Hours/week
- 0.25
-
Linda Martin
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Henry Wilson
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Tony Tinderholt
Director
- Total calculated
- $0
- Hours/week
- 0.25
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
Economic Development Foundation
$12,500
General Operations Contributions
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.
-
HEB Economic Development Foundation
501(c)(6) · Provide public knowledge and marketability of the HEB area. · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 February 2024
- IRS schema version
- 2023v5.1
- Source object
- 202411789349301011
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