Form 990 for tax year 2022
Filed by GAY LESBIAN BISEXUAL TRANSGENDER CHAMBER OF COMMERCE FOUNDATION.
Totals
- Total revenue
- $72,810
- Total expenses
- $50,774
- Contributions and grants received
- $77,202
- Grants paid
- $13,000
- Program service revenue
- $12,524
- Investment income
- $0
- Other revenue
- -$16,916
- Total assets, end of year
- $133,557
- Total liabilities, end of year
- $945
- Net assets or fund balances, end of year
- $132,612
- Program services expenses (Part IX)
- $39,425
- Management and general expenses
- $11,349
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $39,425
Program services were 77.6% 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.
-
1c · Fundraising events
$60,078
-
1d · Related organizations
$1,575
-
1f · All other contributions, gifts and grants
$15,549
-
2a · Program service revenue: PROGRAM REVENUE
total $12,524 · related or exempt $12,524
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$8,515
-
8a · Fundraising events: contributions included on line 1c
$60,078
-
8b · Fundraising events: direct expenses
$25,431
-
8c · Net income from fundraising events
total -$16,916 · excluded -$16,916
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $13,000 · program services $13,000
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,100 · management and general $1,100
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $8,421 · program services $8,421
-
13 · Office expenses
total $0
-
14 · Information technology
total $7,971 · program services $7,971
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $62 · management and general $62
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,002 · management and general $2,002
-
24a · Other expenses: PROGRAM EXPENSES
total $4,125 · program services $4,125
-
24b · Other expenses: CONTRACT SERVICES
total $3,625 · program services $1,557 · management and general $2,068
-
24c · Other expenses: BAD DEBTS
total $2,890 · management and general $2,890
-
24d · Other expenses: PROGRAM MATERIALS
total $2,520 · management and general $2,520
-
24e · All other expenses
total $5,058 · program services $4,351 · management and general $707
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $96,445 · end of year $125,807
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $8,076 · end of year $1,250
-
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
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $6,500
-
10a · Land, buildings and equipment: cost or other basis
$840
-
10b · Land, buildings and equipment: accumulated depreciation
$840
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
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
end of year $945
-
27 · Net assets without donor restrictions
beginning of year $96,071 · end of year $124,162
-
28 · Net assets with donor restrictions
beginning of year $8,450 · end of year $8,450
Mission and programs · 2022
Mission
Carry out the charitable and educational objectives of the North Texas Gay Lesbian Bisexual Transgender Chamber of Commerce; support young adults and nurture the development of leaders in the LGBT community.
-
ScholarshipsIn 2022, two fundraising events were produced to support the Foundations scholarship program, the scholars gala and the fall fundraising event, Spooktacular. Spooktacular is a Halloween-themed dance party. These events helped to fund scholarships granted in 2023. In 2022, six students received scholarships totaling $13,000. About the LGBT Chamber Foundation Scholarship Program-Since 2011, the LGBT Chamber of Commerce Foundation has awarded more than $150,000 in scholarships to deserving LGBTQ and ally students across Texas. The Foundation makes scholarship grants to students who self-identify as LGBTQ+, children of LGBTQ+ parent(s), and LGBTQ+ allies who have worked in support of the community in a significant way. The scholarship grants may be used for any accredited post-secondary education, including traditional colleges and universities, trade schools, and certificate programs. Applications are accepted for all degree programs, from undergraduate studies to Ph.D. candidates.
Expenses $28,992 · Grants $13,000
-
Leadership InstituteThe LGBT Leadership Institute is a nine-month leadership development program that runs from September through May. In 2022, which includes five months of the prior year cohort and four months of the current year cohort, total program expenses were $6,715 (Income from the 2022 cohort was $11,250). The 2021 cohort had thirteen participants. The 2022 Cohort that began in September had seventeen participants.About the LGBT Leadership Institute-The LGBT Chamber of Commerce Foundation Leadership Institute develops leadership skills for LGBT and Ally professionals. We provide a safe and nurturing environment to develop skills and explore the critical issues facing the LGBTQ+ community. The program presents a diverse cohort of participants with valuable leadership skills, knowledge, and a historical view of the LGBTQ+ community and the equality movement. Upon completing the nine-part program, participants will better understand the community and have obtained advanced leadership skills.
Expenses $6,715
-
DEI ConferenceIn 2022, the Foundation held its 7th annual Texas Diversity Equity & Inclusion Conference. Forty-five people attended the in-person day of the conference on July 19, 2022, hosted by Southwest Airlines. An additional forty-seven people attended all or part of the virtual conference on July 20, 2022.About the Texas DEI Conference-The Texas Diversity Equity & Inclusion Conference brings together local businesses, LGBT and other certified businesses, Employee Resource Group members, and corporate diversity/supplier diversity professionals. In peer groups and professionally led sessions, attendees learn about current issues facing diverse businesses and communities, gain new skills/knowledge, and share best practices.
Expenses $3,718 · Revenue $16,230
As filed on the 2022 return.
Listed in Part VII
-
Shelley HunterSHELLEY HUNTER
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Clint ThomsonCLINT THOMSON
Chairman
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Suzanne ButlerSUZANNE BUTLER
Treasurer
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Jacob KrysiakJACOB KRYSIAK
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Stephen LewisSTEPHEN LEWIS
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Scott CarnesSCOTT CARNES
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Gerardo SanchezGERARDO SANCHEZ
chairman elect
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Rachel WolfRACHEL WOLF
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Armando GonzalezARMANDO GONZALEZ
Secretary
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Armando RamirezARMANDO RAMIREZ
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Joli RobinsonJOLI ROBINSON
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Justin WilliamsJUSTIN WILLIAMS
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Waylon TateWAYLON TATE
Director
- Total calculated
- $0
- Hours/week
- 2 + 2 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.
Grants on this return
No itemized grants to organizations 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.
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NORTH TEXAS GAY LESBIAN BISEXUAL TRANSGE
501(C)(6) · ECONOMIC DEVELOPMENT & ADVOCACY · TX
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333129349305503
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