Totals
- Total revenue
- $853,622
- Total expenses
- $848,502
- Contributions and grants received
- $810,695
- Grants paid
- $333,995
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $42,927
- Total assets, end of year
- $18,491
- Total liabilities, end of year
- $18,491
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $333,995
- Management and general expenses
- $25,725
- Fundraising expenses
- $488,782
- Program service expenses (Part III)
- $333,995
Program services were 39.4% 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
$810,695
-
1g · Noncash contributions included above
$121,478
-
8a · Fundraising events: gross income
$924,539
-
8a · Fundraising events: contributions included on line 1c
$810,695
-
8b · Fundraising events: direct expenses
$759,989
-
8c · Net income from fundraising events
total $164,550 · excluded $164,550
-
9a · Gaming: gross income
$79,592
-
9b · Gaming: direct expenses
$201,215
-
9c · Net income from gaming
total -$121,623 · excluded -$121,623
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $333,995 · program services $333,995
-
5 · Compensation of officers, directors and key employees
total $154,321 · management and general $7,716 · fundraising $146,605
-
7 · Other salaries and wages
total $186,003 · management and general $9,300 · fundraising $176,703
-
8 · Pension plan contributions
total $4,562 · management and general $228 · fundraising $4,334
-
9 · Other employee benefits
total $17,493 · management and general $875 · fundraising $16,618
-
10 · Payroll taxes
total $22,537 · management and general $1,127 · fundraising $21,410
-
11a · Fees: management
total $113,908 · management and general $5,695 · fundraising $108,213
-
11c · Fees: accounting
total $12,503 · management and general $625 · fundraising $11,878
-
11g · Fees: other
total $1,000 · management and general $50 · fundraising $950
-
13 · Office expenses
total $2,180 · management and general $109 · fundraising $2,071
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $649,093 · end of year $18,093
-
4 · Accounts receivable
beginning of year $18,000 · end of year $398
-
9 · Prepaid expenses and deferred charges
beginning of year $2,092 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,638 · end of year $63
-
19 · Deferred revenue
beginning of year $85,000 · end of year $16,000
-
25 · Other liabilities
beginning of year $581,547 · end of year $2,428
Mission and programs · 2023
Mission
TO ORGANIZE, PROMOTE, AND SPONSOR CHARITABLE EVENTS TO RAISE FUNDS EXCLUSIVELY TO SUPPORT AND BENEFIT TREC COMMUNITY INVESTORS. FOR NEIGHBORHOOD REDEVELOPMENT, JOB CREATION, OTHER ECONOMIC OPPORTUNITIES, AND AFFORDABLE HOUSING.
Activities or mission (Part I)
TO ORGANIZE, PROMOTE, AND SPONSOR CHARITABLE EVENTS TO RAISE FUNDS EXCLUSIVELY TO SUPPORT AND BENEFIT TREC COMMUNITY INVESTORS.
-
TO ORGANIZE, PROMOTE, AND SPONSOR CHARITABLE EVENTS TO RAISE FUNDS EXCLUSIVELY TO SUPPORT AND BENEFIT TREC COMMUNITY INVESTORS. FOR NEIGHBORHOOD REDEVELOPMENT, JOB CREATION, OTHER ECONOMIC OPPORTUNITIES, AND AFFORDABLE HOUSING.
Expenses $333,995 · Grants $333,995
As filed on the 2023 return.
Listed in Part VII
-
Linda McMahonLINDA MCMAHON
CEO/PRESIDENT
- Total calculated
- $498,396
- From this org
- $96,415
- From related orgs
- $385,661
- Other
- $16,320
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $75,194 + $300,778 related
- Bonus
- $21,098 + $84,392 related
- Other
- $123 + $491 related
- Deferred
- $2,920 + $11,679 related
- Nontaxable benefits
- $344 + $1,377 related
- Filer's total
- $99,679 + $398,717 related
-
Summer LovelandSUMMER LOVELAND
CFO/COO
- Total calculated
- $273,208
- From this org
- $50,844
- From related orgs
- $203,375
- Other
- $18,989
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $40,316 + $161,265 related
- Bonus
- $10,500 + $42,000 related
- Other
- $28 + $110 related
- Deferred
- $1,370 + $5,478 related
- Nontaxable benefits
- $2,428 + $9,713 related
- Filer's total
- $54,642 + $218,566 related
-
Amy StovallAMY STOVALL
SR DIR OF COMMUNICATIONS
- Total calculated
- $131,119
- From this org
- $35,114
- From related orgs
- $70,229
- Other
- $25,776
- Hours/week
- 13 + 27 related
-
Felicia PiersonFELICIA PIERSON
SECRETARY
- Total calculated
- $129,873
- From this org
- $0
- From related orgs
- $119,247
- Other
- $10,626
- Hours/week
- 1 + 39 related
-
Nebiat WodereNEBIAT WODERE
CONTROLLER
- Total calculated
- $114,972
- From this org
- $15,757
- From related orgs
- $89,285
- Other
- $9,930
- Hours/week
- 16 + 24 related
-
Trey MorsbachTREY MORSBACH
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Lynn DowdleLYNN DOWDLE
DIRECTOR, FIGHT NIGHT CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Steve AldrichSTEVE ALDRICH
DIRECTOR, FIGHT NIGHT VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 0.5 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
None.
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION FOR TOP MANAGEMENT OFFICIALS IS APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE FROM A RELATED ORGANIZATION. COMPENSATION IS COMPARED TO EXECUTIVE COMPENSATION BY REVIEWING COMPARABILITY DATA OF SIMILAR ORGANIZATIONS. THE APPROVAL OF COMPENSATION IS DOCUMENTED IN EMAIL CORRESPONDENCE AMONG THE COMPENSATION COMMITTEE. THE COMPENSATION OF ALL OTHER STAFF, INCLUDING OFFICERS WHO ARE EMPLOYEES, IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON RECOMMENDATION BY THE CEO.
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
-
$333,995
GENERAL SUPPORT
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.
-
501(C)(6) · REAL ESTATE SUPPORT · TX
-
501(C)(3) · ECONOMIC DEVELOPMENT · TX
-
THE REAL ESTATE COUNCIL POLITICAL ACTION COMMITTEE
527 · CAMPAIGN SUPPORT · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413039349302051
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