Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $936,411

• 1d · Related organizations

  $50,900

• 1f · All other contributions, gifts and grants

  $688,052

• 1g · Noncash contributions included above

  $11,929

• 3 · Investment income

  total $603,789 · excluded $603,789

• 7a · Gross sales of assets other than inventory

  securities $3,162,387

• 7b · Less cost or other basis and sales expenses

  securities $3,157,968

• 7c · Gain or loss

  securities $4,419

• 7d · Net gain or loss

  total $4,419 · excluded $4,419

• 8a · Fundraising events: gross income

  $564,862

• 8a · Fundraising events: contributions included on line 1c

  $936,411

• 8b · Fundraising events: direct expenses

  $421,257

• 8c · Net income from fundraising events

  total $143,605 · excluded $143,605

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,227,071 · program services $1,227,071

• 7 · Other salaries and wages

  total $83,372 · management and general $83,372

• 10 · Payroll taxes

  total $6,628 · management and general $6,628

• 11c · Fees: accounting

  total $17,500 · management and general $17,500

• 11f · Fees: investment management

  total $103,498 · management and general $103,498

• 11g · Fees: other

  total $6,130 · management and general $6,130

• 12 · Advertising and promotion

  total $31,707 · program services $10,313 · fundraising $21,394

• 13 · Office expenses

  total $5,963 · management and general $5,963

• 19 · Conferences, conventions and meetings

  total $39,967 · program services $25,626 · fundraising $14,341

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $302,784 · end of year $218,843

• 2 · Savings and temporary cash investments

  beginning of year $10,932 · end of year $323,941

• 3 · Pledges and grants receivable

  beginning of year $522,211 · end of year $473,804

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,700 · end of year $15,428

• 11 · Investments: publicly traded securities

  beginning of year $20,473,956 · end of year $23,240,120

• 17 · Accounts payable and accrued expenses

  beginning of year $1,574

• 18 · Grants payable

  beginning of year $865,000 · end of year $600,000

• 19 · Deferred revenue

  beginning of year $353,040 · end of year $383,932

• 21 · Escrow or custodial account liability

  beginning of year $3,382 · end of year $3,045

• 25 · Other liabilities

  beginning of year $179,049 · end of year $133,870

• 27 · Net assets without donor restrictions

  beginning of year $17,651,464 · end of year $20,174,332

• 28 · Net assets with donor restrictions

  beginning of year $2,262,074 · end of year $2,976,957

The filer's explanations (Part III)

Part I, Line 3

The Personnel Committee of the Houston Bar Association Board of Directors annually reviews the performance and compensation of the Executive Director. It documents its decisions based on appropriate data surrounding the Executive Director's training, expertise, scope of duties, and time to be expended.