Gay Lesbian Bisexual Transgender Chamber Of Commerce Foundation is located in Dallas, TX. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gay Lesbian Bisexual Transgender Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Gay Lesbian Bisexual Transgender Chamber Of Commerce Foundation generated $72.8k 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 (23.1%) each year. All expenses for the organization totaled $50.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CARRY OUT THE CHARITABLE AND EDUCATIONAL OBJECTIVES OF THE NORTH TEXAS GAY LESBIAN BISEXUAL TRANSGENDER CHAMBER OF COMMERCE; SUPPORT YOUNG ADULTS AND NURTURE THE DEVELOPMENT OF LEADERS IN THE LGBT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPSIN 2022, TWO FUNDRAISING EVENTS WERE PRODUCED TO SUPPORT THE FOUNDATIONS SCHOLARSHIP PROGRAM, THE SCHOLARS GALA AND THE FALL FUNDRAISING EVENT, SPOOKTACULAR. SPOOKTACULAR IS A HALLOWEEN-THEMED DANCE PARTY. THESE EVENTS HELPED TO FUND SCHOLARSHIPS GRANTED IN 2023. IN 2022, SIX STUDENTS RECEIVED SCHOLARSHIPS TOTALING $13,000. ABOUT THE LGBT CHAMBER FOUNDATION SCHOLARSHIP PROGRAM-SINCE 2011, THE LGBT CHAMBER OF COMMERCE FOUNDATION HAS AWARDED MORE THAN $150,000 IN SCHOLARSHIPS TO DESERVING LGBTQ AND ALLY STUDENTS ACROSS TEXAS. THE FOUNDATION MAKES SCHOLARSHIP GRANTS TO STUDENTS WHO SELF-IDENTIFY AS LGBTQ+, CHILDREN OF LGBTQ+ PARENT(S), AND LGBTQ+ ALLIES WHO HAVE WORKED IN SUPPORT OF THE COMMUNITY IN A SIGNIFICANT WAY. THE SCHOLARSHIP GRANTS MAY BE USED FOR ANY ACCREDITED POST-SECONDARY EDUCATION, INCLUDING TRADITIONAL COLLEGES AND UNIVERSITIES, TRADE SCHOOLS, AND CERTIFICATE PROGRAMS. APPLICATIONS ARE ACCEPTED FOR ALL DEGREE PROGRAMS, FROM UNDERGRADUATE STUDIES TO PH.D. CANDIDATES.
LEADERSHIP INSTITUTETHE LGBT LEADERSHIP INSTITUTE IS A NINE-MONTH LEADERSHIP DEVELOPMENT PROGRAM THAT RUNS FROM SEPTEMBER THROUGH MAY. IN 2022, WHICH INCLUDES FIVE MONTHS OF THE PRIOR YEAR COHORT AND FOUR MONTHS OF THE CURRENT YEAR COHORT, TOTAL PROGRAM EXPENSES WERE $6,715 (INCOME FROM THE 2022 COHORT WAS $11,250). THE 2021 COHORT HAD THIRTEEN PARTICIPANTS. THE 2022 COHORT THAT BEGAN IN SEPTEMBER HAD SEVENTEEN PARTICIPANTS.ABOUT THE LGBT LEADERSHIP INSTITUTE-THE LGBT CHAMBER OF COMMERCE FOUNDATION LEADERSHIP INSTITUTE DEVELOPS LEADERSHIP SKILLS FOR LGBT AND ALLY PROFESSIONALS. WE PROVIDE A SAFE AND NURTURING ENVIRONMENT TO DEVELOP SKILLS AND EXPLORE THE CRITICAL ISSUES FACING THE LGBTQ+ COMMUNITY. THE PROGRAM PRESENTS A DIVERSE COHORT OF PARTICIPANTS WITH VALUABLE LEADERSHIP SKILLS, KNOWLEDGE, AND A HISTORICAL VIEW OF THE LGBTQ+ COMMUNITY AND THE EQUALITY MOVEMENT. UPON COMPLETING THE NINE-PART PROGRAM, PARTICIPANTS WILL BETTER UNDERSTAND THE COMMUNITY AND HAVE OBTAINED ADVANCED LEADERSHIP SKILLS.
DEI CONFERENCEIN 2022, THE FOUNDATION HELD ITS 7TH ANNUAL TEXAS DIVERSITY EQUITY & INCLUSION CONFERENCE. FORTY-FIVE PEOPLE ATTENDED THE IN-PERSON DAY OF THE CONFERENCE ON JULY 19, 2022, HOSTED BY SOUTHWEST AIRLINES. AN ADDITIONAL FORTY-SEVEN PEOPLE ATTENDED ALL OR PART OF THE VIRTUAL CONFERENCE ON JULY 20, 2022.ABOUT THE TEXAS DEI CONFERENCE-THE TEXAS DIVERSITY EQUITY & INCLUSION CONFERENCE BRINGS TOGETHER LOCAL BUSINESSES, LGBT AND OTHER CERTIFIED BUSINESSES, EMPLOYEE RESOURCE GROUP MEMBERS, AND CORPORATE DIVERSITY/SUPPLIER DIVERSITY PROFESSIONALS. IN PEER GROUPS AND PROFESSIONALLY LED SESSIONS, ATTENDEES LEARN ABOUT CURRENT ISSUES FACING DIVERSE BUSINESSES AND COMMUNITIES, GAIN NEW SKILLS/KNOWLEDGE, AND SHARE BEST PRACTICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shelley Hunter Director | Trustee | 2 | $0 |
Clint Thomson Chairman | OfficerTrustee | 2 | $0 |
Suzanne Butler Treasurer | OfficerTrustee | 2 | $0 |
Jacob Krysiak Director | Trustee | 2 | $0 |
Stephen Lewis Director | Trustee | 2 | $0 |
Scott Carnes Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $60,078 |
Related organizations | $1,575 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $15,549 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $77,202 |
Total Program Service Revenue | $12,524 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$16,916 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $72,810 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $13,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,100 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $8,421 |
Office expenses | $0 |
Information technology | $7,971 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $62 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,002 |
All other expenses | $5,058 |
Total functional expenses | $50,774 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $125,807 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,250 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $6,500 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $133,557 |
Accounts payable and accrued expenses | $945 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $945 |
Net assets without donor restrictions | $124,162 |
Net assets with donor restrictions | $8,450 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $133,557 |