Bonham Industrial Foundation Inc

Organization Overview

Bonham Industrial Foundation Inc is located in Bonham, TX. The organization was established in 1976. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bonham Industrial Foundation 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 06/2024, Bonham Industrial Foundation Inc generated $27.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $24.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

BRINGING INDUSTRY TO THE BONHAM AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ATTRACTING AND RETAINING INDUSTRY IN THE CITY OF BONHAM. THIS IS ACCOMPLISHED BY THE SELLING AND LEASING OF COMMERCIAL BUILDINGS AT FAVORABLE RATES.


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Board, Officers & Key Employees

Name (title)Compensation
Roy Floyd
Executive Direc
$20,000
Bob Mccraw
Director
$0
Bert Simpson
Secretary
$0
Spanky Carter
President
$0
Tom Turner
Director
$0
Bill Wilson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $3,150
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $24,300
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $27,450

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