Hsmai-Dfw Inc
- Assets
- $10.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- 03/2007
- Data as of
- 12/2018
- EIN
- 20-8855603
Organization Overview
Hsmai-Dfw Inc is located in Irving, TX. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hsmai-Dfw Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2018, Hsmai-Dfw Inc generated $28.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $37.2k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HAS 8 REGULARLY SCHEDULED MONTHLY EDUCATIONAL LUNCHEON MEETINGS THAT ARE OPEN TO THE 121 MEMBERS AND THEIR GUESTS AS WELL AS SEVERAL NETWORKING EVENTS. THE MONTHLY MEETINGS PROVIDE A FEATURED SPEAKER AND/OR INSTRUCTOR AS WELL AS AN OPEN FORUM FOR THE FREE EXCHANGE OF IDEAS AMONG THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monty White Managing Dir. | 10 | $6,000 | |
Annie Matthews Vice President | 8 | $0 | |
Lamonica Ball Vice President | 8 | $0 | |
Hayley Meyer VP Finance | 8 | $0 | |
Carrie Denton Vice President | 8 | $0 | |
Bart Peters President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $22,761 |
| Membership dues | $5,926 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $99 |
| Other Revenue | $0 |
| Total Revenue | $28,786 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,000 |
| Professional fees and other payments to independent contractors | $888 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,326 |
| Total expenses | $37,214 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,355 |
| Other assets | $0 |
| Total assets | $10,355 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,355 |
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