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Nonprofiteer
← FORT WORTH CHAMBER DEVELOPMENT FOUNDATION

Form 990 for tax year 2024

Filed by FORT WORTH CHAMBER DEVELOPMENT FOUNDATION.

Totals

Total revenue
$283,720
Total expenses
$261,226
Contributions and grants received
$283,720
Grants paid
$187,126
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$156,039
Total liabilities, end of year
$2,100
Net assets or fund balances, end of year
$153,939
Program services expenses (Part IX)
$261,226
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$261,226

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $283,720

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $187,126 · program services $187,126

  • 11a · Fees: management

    total $72,000 · program services $72,000

  • 11c · Fees: accounting

    total $2,100 · program services $2,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,445 · end of year $156,039

  • 17 · Accounts payable and accrued expenses

    end of year $2,100

  • 28 · Net assets with donor restrictions

    beginning of year $131,445 · end of year $153,939

Mission and programs · 2024

Mission

TO SUPPORT AND DEVELOP THE GROWTH OF THE CITY OF FORT WORTH.

  • STRATEGIC PLANS FOR BENEFITTING THE CITY OF FORT WORTH.

    Expenses $261,226 · Grants $187,126

As filed on the 2024 return.

Listed in Part VII

  • Dee Kelly Jr

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Brian Barnard

    VICE CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Allyson Baumeister

    SEC/TREAS/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mike Berry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Vernon Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • David Cooke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Albon Head

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jeff King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Lonnie Nicholson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Martin Noto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mark Nurdin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Robert Sturns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Wes Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Steve Montgomery

    CHAMBER PRESIDENT & CEO, P

    Total calculated
    $359,270
    From this org
    $0
    From related orgs
    $335,333
    Other
    $23,937
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,000 related
    Bonus
    $0 + $8,333 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,937 related
    Filer's total
    $0 + $359,270 related

  • Patricia Steelman

    ASSISTANT SEC/TREAS

    Total calculated
    $241,664
    From this org
    $0
    From related orgs
    $224,511
    Other
    $17,153
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,511 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,153 related
    Filer's total
    $0 + $241,664 related

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

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202532949349301973

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