Galveston Island Promotions Co
- Assets
- $6.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 04/2016
- Data as of
- 12/2018
- EIN
- 47-5114763
Organization Overview
Galveston Island Promotions Co is located in Galveston, TX. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Galveston Island Promotions Co 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 12/2018, Galveston Island Promotions Co generated $10.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (35.2%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2018. 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
WE HELD LOCAL EVENTS FROM WHICH WE DERIVED FUNDS TO ASSIST COMMUNITY CHARITIES AND PROVIDED A POSITIVE ECONOMIC IMPACT TO THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Garza Chairman | 0 | $0 | |
Elizabeth Matthews Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,069 |
| Other Revenue | $0 |
| Total Revenue | $10,169 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $425 |
| Other expenses | $28,166 |
| Total expenses | $31,591 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,161 |
| Other assets | $0 |
| Total assets | $6,183 |
| Total liabilities | $8,705 |
| Net assets or fund balances | -$2,522 |