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← BIG SPRING AREA CHAMBER OF COMMERCE CHARITABLE TRUST 1

Form 990 for tax year 2023

Filed by BIG SPRING AREA CHAMBER OF COMMERCE CHARITABLE TRUST 1.

Totals

Total revenue
$246,875
Total expenses
$86,361
Contributions and grants received
$246,445
Grants paid
$0
Program service revenue
$0
Investment income
$430
Other revenue
$0
Total assets, end of year
$500,215
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$500,215
Program services expenses (Part IX)
$86,360
Management and general expenses
$1
Fundraising expenses
$0
Program service expenses (Part III)
$86,360

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

    $246,445

  • 3 · Investment income

    total $430 · excluded $430

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: HISTORIC AMPHITHEATER R

    total $51,085 · program services $51,085

  • 24b · Other expenses: JULY 4TH CELEBRATION

    total $25,718 · program services $25,718

  • 24c · Other expenses: HOLIDAY LIGHTING DISPLA

    total $9,557 · program services $9,557

  • 24d · Other expenses: GENERAL

    total $1 · management and general $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $138,805 · end of year $298,978

  • 2 · Savings and temporary cash investments

    beginning of year $200,896 · end of year $201,237

  • 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 $339,701 · end of year $500,215

Mission and programs · 2023

Mission

LESSEN THE BURDEN OF LOCAL GOVERNMENT THROUGH SUPPORT OF CHAMBER OF COMMERCE CIVIC ACTIVITIES.

  • SPONSORED HOLIDAY LIGHTING OF CITY PARK AND COMMUNITY CENTER. REGISTERED GUESTS WERE ESTIMATED TO BE APPROXIMATELY 23,000. THE PORTION OF THE DISPLAY FRONTING U.S. HWY 87 IS VISIBLE FROM THANKSGIVING TO NEW YEARS WITH NO ESTIMATION AS TO NUMBER OF HOLIDAY VIEWERS.

    Expenses $9,557

  • HISTORIC AMPHITHEATER RESTORATIONTHE CITY OF BIG SPRING AMPHITHEATER WAS ORIGINALLY CONSTRUCTED UNDER THE WORKS PROGRESS ADMINISTRATION. THE PROJECT BUILT A 6800 SEAT, ROCK MASONRY AMPHITHEATER IN CITY PARK (NOW COMANCHE TRAIL PARK)IN BIG SPRING, TEXAS BETWEEN 1939 AND 1940 UNDER OFFICIAL PROJECT NUMBER 665-66-2-578. THE RENOVATION WILL ADDRESS MUCH NEEDED REPAIR AND REPLACEMENT OF CRITICAL ELEMENTS PLANS ARE TO ALSO ADD A COVER OVER THE STAGE AREA, CONSTRUCT A "GREEN ROOM" FOR PERFORMERS, PROVIDE FOR ADA COMPLIANT RESTROOMS, PROVIDE SHADE FOR SPECTATORS, AND INSTALL SECURITY FENCING.

    Expenses $51,085

  • SPONSORED CITYWIDE JULY 4TH CELEBRATION CONSISTING OF FIREWORKS DISPLAY AND PATRIOTIC SYMPHONY PERFORMANCE. ESTIMATED ATTENDANCE IN CITY PARK, AMPHITHEATER AND SURROUNDING PARKING LOCATIONS WAS 12,500.

    Expenses $25,718

As filed on the 2023 return.

Listed in Part VII

  • Manny Negron

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    0

  • Michelle Hamlin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Mark Morgan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202423189349308082

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