Civic Intelligence

Wpc Organizing Committee

990 • Fiscal year 2022 • EIN 83-2086205

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileWWW.23WPCHOUSTON.COM
701 Avenida DE Las Americas 200Houston, TX 77010

(713) 480-7652

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

3.70x

Higher debt load relative to assets than 100% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

22nd percentile

0.02x

Higher debt load relative to revenue than 22% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

97th percentile

47%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

94th percentile

$396,631

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-88%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$12,950

Down $4,758,978 (-100%) from 2021

Net Assets

Up

-$34,966

Up $1,036,530 (+97%) from 2021

Liabilities

Down

$47,916

Down $5,795,508 (-99%) from 2021

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin97th percentile

Revenue

Down

$2,188,121

Down $15,669,988 (-88%) from 2021

Expenses

Down

$1,151,591

Down $9,031,928 (-89%) from 2021

Net Income

Down

$1,036,530

Down $6,638,060 (-86%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$10M$0-$10MAssets 2019: $7,981,617Liabilities 2019: $13,936,447Net Assets 2019: -$5,954,8302019Assets 2020: $6,870,530Liabilities 2020: $15,515,480Net Assets 2020: -$8,644,9502020Assets 2021: $4,771,928Liabilities 2021: $5,843,424Net Assets 2021: -$1,071,4962021Assets 2022: $12,950Liabilities 2022: $47,916Net Assets 2022: -$34,9662022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2022

Assets$12,950
Liabilities$47,916
Net Assets-$34,966
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2019: $2,492,424Expenses 2019: $8,447,254Net Income 2019: -$5,954,8302019Revenue 2020: $3,002,102Expenses 2020: $5,692,222Net Income 2020: -$2,690,1202020Revenue 2021: $17,858,109Expenses 2021: $10,183,519Net Income 2021: $7,674,5902021Revenue 2022: $2,188,121Expenses 2022: $1,151,591Net Income 2022: $1,036,5302022Revenue 2023: $0Expenses 2023: $10,854Net Income 2023: -$10,8542023

Highlighted filing

2022

Revenue$2,188,121
Expenses$1,151,591
Net Income$1,036,530
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$2,188,121
Mission and Program Overview

Mission

To design and deliver compelling engagement, exceptional hospitality and ease of access to every world petroleum congress delegate while proudly telling the houston story to the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$336,795$0▼ $336,795
Savings and Temporary Cash Investments$204,133$0▼ $204,133
Land, Buildings, and Equipment, Net$30,946$0▼ $30,946
Cash and Non-Interest-Bearing Accounts$4,190,250$12,950▼ $4,177,300
Prepaid Expenses and Deferred Charges$9,804$0▼ $9,804
Total Assets$4,771,928$12,950▼ $4,758,978
Liabilities
Accounts Payable and Accrued Expenses$1,616,277$0▼ $1,616,277
Unsecured Notes Loans Payable$319,295$0▼ $319,295
Other Liabilities$3,907,852$47,916▼ $3,859,936
Total Liabilities$5,843,424$47,916▼ $5,795,508
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,071,496$-34,966▲ $1,036,530
Total Net Assets Fund Balance$-1,071,496$-34,966▲ $1,036,530
Total Liabilities and Net Assets / Fund Balance$4,771,928$12,950▼ $4,758,978
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sallie SargentChief Operating OfficerFT$396,631$396,631

Board Members and Trustees

NameTitle
Jeffrey ShellebargerChairman/director
Michael HeckmanPresident and CEO
Bobby SinghDirector
Denis BrahamDirector
Peggy KostialDirector
Eric MaguranDirector-finance
Melissa PotterbaumDirector-marketing
Allison SaccoDirector-progect Managem
Brenda BazanDirector/finance Committee
Galen CobbSecretary/director
Anthony CalancaExecutive VP-congress Oper
Karen WilliamsTreasurer
Nicholas SharrardVP - Administrative Servic
Ashley MatthewsVP-sales Administration

Highest Paid Contractors

ContractorServicesLocationCompensation
Worldwide Energy Events ExpertsPayment Fix Project ConsultancyPO BOX 478839, Dubai, DUBAI, Ae$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,900
Investment Income
$2
Other Revenue
$2,160,219
Change in Net Assets
$1,036,530

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,188,121
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$232,888
Total Revenue per Audited Statements
$2,421,009
Total Revenue per Form 990
$2,188,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$757,240
Other Expenses$394,351
Total Fundraising Expense$257,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$482,200$219,231$32,295$733,726
Fees for Services Other$13,249$18,151$175,000$206,400
Fees for Services Legal-$69,916-$69,916
Depreciation Depletion$10,728$9,885$10,336$30,949
Travel-$1,564$26,078$27,642
Other Employee Benefits$23,514--$23,514
Office Expenses-$11,092-$11,092
Conferences and Meetings--$9,333$9,333
Information Technology-$8,478-$8,478
Interest-$6,000-$6,000
Advertising--$4,562$4,562
Occupancy-$4,371-$4,371
Other Expenses-$1,574-$1,574
Insurance$1,350--$1,350
Total Functional Expenses$531,041$362,946$257,604$1,151,591

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,151,591
Total Expenses per Audited Statements$1,151,591
Total Expenses per Form 990$1,151,591
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
1
Spending
$150,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
DubaiFundraising (international Sales)Vendor Whose Scope of Work Is International Sales and Public Relations01$150,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expense-others$47,916
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Houston first corporation has the right to appoint one member of the governing body of the organization”

Form 990, Part VI, Section B, Line 11B

“The signing officer reviews the form 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“All disclosures are monitored by outside legal counsel and enforced by the executive committee, itself.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Part VIII Ln 11A

“The organization accrued expenses as an accrual taxpayer in the 2021 tax period. However, several expenses have been reversed in 2022 and reflected on the statement of revenue for $1,823,472. The breakdown of the expenses are as follows: hfc shared services $615,000 facility rental charges $ 850,000 other miscellaneous program expenses $358,472”

Filing and Contact Details

Filer

Filer Name
Wpc Organizing Committee
EIN
83-2086205
Phone
7134807652
Address
701 AVENIDA DE LAS AMERICAS 200, HOUSTON, TX 77010

Signing Officer

Name
Michael Heckman
Title
President & CEO
Phone
7134807652
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Heckman
Formed
2018
Legal Domicile
TX
Voting Board Members
0
Independent Board Members
0
Employees
11
Volunteers
0

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DRIVE SUITE 1000, HOUSTON, TX 77081
Preparer
Tene Thomas
Phone
7139681600
Supplemental Narrative

Additional Explanations

Part I

“The organization filed documents to formally dissolve as of december 30, 2022. However, all administrative transactions weren't completed in 2022. Accordingly, the organization will file a final short form 990 for the period ended in 2023”

Form 990, Part IX, Line 11G

“Various services including consulting, it services, and peo expenses: program service expenses 13,249. Management and general expenses 18,151. Fundraising expenses 0. Total expenses 31,400. E3 fixed fee: program service expenses 0. Management and general expenses 0. Fundraising expenses 175,000. Total expenses 175,000.”

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IRS990/MissionDesc0TO DESIGN AND DELIVER COMPELLING ENGAGEMENT, EXCEPTIONAL HOSPITALITY AND EASE OF ACCESS TO EVERY WORLD PETROLEUM CONGRESS DELEGATE WHILE PROUDLY TELLING THE HOUSTON STORY TO THE WORLD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1071496
IRS990/NetAssetsOrFundBalancesEOYAmt0-34966
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1071496
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-34966
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04371
IRS990/OccupancyGrp/TotalAmt04371
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011092
IRS990/OfficeExpensesGrp/TotalAmt011092
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023514
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023514
IRS990/OtherExpensesGrp/Desc0CONTRACT WORK
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2SALES TAXES AND OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06818
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15866
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21574
IRS990/OtherExpensesGrp/TotalAmt06818
IRS990/OtherExpensesGrp/TotalAmt15866
IRS990/OtherExpensesGrp/TotalAmt21574
IRS990/OtherLiabilitiesGrp/BOYAmt03907852
IRS990/OtherLiabilitiesGrp/EOYAmt047916
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0REVERSAL OF PY ACCRUED
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc2GAIN ON SALE OF ASSET
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01823472
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1331947
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt24800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01823472
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1331947
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt24800
IRS990/OtherRevenueTotalAmt02160219
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt032295
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0219231
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0482200
IRS990/OtherSalariesAndWagesGrp/TotalAmt0733726
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09804
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MICHAEL HECKMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561920
IRS990/ProgramServiceRevenueGrp/BusinessCd1561920
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION REFUNDS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt030000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-2100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt030000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-2100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01412
IRS990/PYOtherExpensesAmt08234917
IRS990/PYOtherRevenueAmt0451533
IRS990/PYProgramServiceRevenueAmt017405164
IRS990/PYRevenuesLessExpensesAmt07674590
IRS990/PYSalariesCompEmpBnftPaidAmt01948602
IRS990/PYTotalExpensesAmt010183519
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017858109
IRS990/ReconcilationRevenueExpnssAmt01036530
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02188119
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0204133
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01151591
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0232888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt047916
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSE-OTHERS
IRS990ScheduleD/RevenueNotReportedAmt0232888
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02188121
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01151591
IRS990ScheduleD/TotalLiabilityAmt047916
IRS990ScheduleD/TotalRevenuePerForm990Amt02188121
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02421009
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01151591
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0150000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0DUBAI
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0VENDOR WHOSE SCOPE OF WORK IS INTERNATIONAL SALES AND PUBLIC RELATIONS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0FUNDRAISING (INTERNATIONAL SALES)
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0150000
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0150000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/FirstClassOrCharterTravelInd0X
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0396631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SALLIE SARGENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF OPERATING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0396631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0DENIS BRAHAM - SHAREHOLDER IN WINSTEAD PC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEGAL FEES PAID TO WINSTEAD PC
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FILED DOCUMENTS TO FORMALLY DISSOLVE AS OF DECEMBER 30, 2022. HOWEVER, ALL ADMINISTRATIVE TRANSACTIONS WEREN'T COMPLETED IN 2022. ACCORDINGLY, THE ORGANIZATION WILL FILE A FINAL SHORT FORM 990 FOR THE PERIOD ENDED IN 2023
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HOUSTON FIRST CORPORATION HAS THE RIGHT TO APPOINT ONE MEMBER OF THE GOVERNING BODY OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SIGNING OFFICER REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DISCLOSURES ARE MONITORED BY OUTSIDE LEGAL COUNSEL AND ENFORCED BY THE EXECUTIVE COMMITTEE, ITSELF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION ACCRUED EXPENSES AS AN ACCRUAL TAXPAYER IN THE 2021 TAX PERIOD. HOWEVER, SEVERAL EXPENSES HAVE BEEN REVERSED IN 2022 AND REFLECTED ON THE STATEMENT OF REVENUE FOR $1,823,472. THE BREAKDOWN OF THE EXPENSES ARE AS FOLLOWS: HFC SHARED SERVICES $615,000 FACILITY RENTAL CHARGES $ 850,000 OTHER MISCELLANEOUS PROGRAM EXPENSES $358,472
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6VARIOUS SERVICES INCLUDING CONSULTING, IT SERVICES, AND PEO EXPENSES: PROGRAM SERVICE EXPENSES 13,249. MANAGEMENT AND GENERAL EXPENSES 18,151. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,400. E3 FIXED FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 175,000. TOTAL EXPENSES 175,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,950
Liabilities
$47,916
Net assets
-$34,966
Revenue
$2,188,121
Expenses
$1,151,591
Net income
$1,036,530
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.05$0.03$2.19$1.15$1.04
2021Detailed filing. Detailed filing data is available for this year.$4.77$5.84$1.07$17.9$10.2$7.67
2020Detailed filing. Detailed filing data is available for this year.$6.87$15.5$8.64$3.00$5.69$2.69
2019Detailed filing. Detailed filing data is available for this year.$7.98$13.9$5.95$2.49$8.45$5.95