Texas Golden Gloves Athletic Assn
- Assets
- $161.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 04/1977
- Data as of
- 05/2021
- EIN
- 75-0604599
Organization Overview
Texas Golden Gloves Athletic Assn is located in Fort Worth, TX. The organization was established in 1977. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Golden Gloves Athletic Assn 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 05/2021, Texas Golden Gloves Athletic Assn generated $66.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $82.8k during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
AMATEUR BOXING TOURNAMENTS, BOTH REGIONAL AND STATE, HELD IN CONJUNCTION WITH THE NATIONAL GOLDEN GLOVES ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Basan President | 20 | $8,100 | |
Maria Basan Treasurer/se | 20 | $2,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $62,200 |
| Membership dues | $0 |
| Investment income | $1,904 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,020 |
| Total Revenue | $66,124 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,904 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,045 |
| Total expenses | $82,849 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $161,368 |
| Other assets | $0 |
| Total assets | $161,368 |
| Total liabilities | $72,141 |
| Net assets or fund balances | $89,227 |
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