West 7th Restaurant Bar & Retail Assn Inc
- Assets
- $96.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Southlake, TX
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-4356379
Organization Overview
West 7th Restaurant Bar & Retail Assn Inc is located in Southlake, TX. The organization was established in 2018. 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. West 7th Restaurant Bar & Retail Assn 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 12/2021, West 7th Restaurant Bar & Retail Assn Inc generated $38.4k 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 (9.1%) each year. All expenses for the organization totaled $16.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTING, ENHANCING AND IMPROVING THE RESTAURANT & RETAIL INDUSTRY THROUGHOUT THE GEOGRAPHIC AND DEMOGRAPHIC AREA SERVED BY THE ASSOCIATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fairchild Vice President | 0 | $0 | |
James Hoffman Director | 0 | $0 | |
Richard Rivera Secretary | 0 | $0 | |
Tino Defranco President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,000 |
| Total Program Service Revenue | $29,369 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,369 |
| 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 | $583 |
| Occupancy, rent, utilities, and maintenance | $15,238 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $912 |
| Total expenses | $16,733 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,782 |
| Other assets | $0 |
| Total assets | $96,699 |
| Total liabilities | $4,777 |
| Net assets or fund balances | $91,922 |
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