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7x24 Exchange Lonestar Chapter FY2023 filing

Not tax-deductible

Irving, TX501(c)(6)Community Development EIN 82-0566296Revenue $105K in FY2023

On file with the IRS1616 Corporate CT Ste 100, 75038-2205 · Irving, TXTax-exempt since Jul 2004

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Lone Star 7x24 is an educational forum bringing together the Information Services/Computer Technology/Facility & Engineering functions of user organizations to promote design,implementation and management issues in achieving high levels of uninterrupted infrastructure uptime.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $575 a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$105K
+896% vs prior year
Spent
$87K
To programs
100%
Net assets
$82K
By yearFY2022–FY2024
Revenue
$105K
FY2023▲ +896%
Tap a bar for its year
Revenue by fiscal year
FY2022−$13K
FY2023$105K
FY2024$125K
Expenses
$87K
FY2023▲ +794%
Tap a bar for its year
Expenses by fiscal year
FY2022$10K
FY2023$87K
FY2024$119K
Net assets
$82K
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2022$71K
FY2023$82K
FY2024$88K

From the FY2023 Form 990 (year ending July 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $87K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Alan Ritchie
Board Member
$0Pt VII · Sec A
Cory Plunk
Board Member
$0Pt VII · Sec A
Wendy Stewart
Board Member
$0Pt VII · Sec A
Dutch Wickes
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Ian Nelson
Board Member
$0Pt VII · Sec A
Nathan Hazelwood
Vice President
$0Pt VII · Sec A
See 7x24 Exchange Lonestar Chapter executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes uninterrupted infrastructure uptime by uniting IT and facility professionals to share best practices.

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Provided by the organization

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1 program · $87K · in their own filed words · FY2022
01

Disseminate information in the form of statistics, case studies, guidelines, practices and standards for users, engineers, architectural firms and enforcement agencies.

$87Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$105K
Ln 12
Gifts and grantsLn 1h$72K
Other incomeLn 4–11$33K
Investment incomeLn 3$105
Money outPt IX
$87K
Ln 25
Programscol B$87K
Owns and owesPt X
$82K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$82K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$72K
Investment incomeLn 3$105
Other incomeLn 4–11$33K
Total revenueLn 12$105K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Total assetsLn 16$82K
LiabilitiesLn 26$0
Net assetsLn 32$82K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$71K$82K
Total assetsLn 16$71K$82K
LiabilitiesLn 26$0$0
Net assetsLn 32$71K$82K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$285$285
Advertising and promotionLn 12$200$200
Office expensesLn 13$884$884
Information technologyLn 14$1K$1K
Conferences, conventions and meetingsLn 19$32K$32K
Other expenses (24a–d)Ln 24$46K$46K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$87K$87K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $125K$119K$6K$88K 990 PDF
FY2023 Viewing $105K$87K$19K$82K 990 PDF
FY2022 −$13K$10K−$23K$71K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $105,190 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$72,237
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$105
I-11 Other revenuePrior year $0$32,848
I-12 Total revenuePrior year $0$105,190
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$86,595
I-18 Total expensesPrior year $0$86,595
I-19 Revenue less expensesPrior year $0$18,595
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $105,190 across 5 lines filed
VIII-1b Membership dues$72,237
VIII-1h Total contributions, gifts and grants$72,237
VIII-3 Investment incomeRelated to mission $105$105
VIII-8 Net income from fundraising eventsExcluded from tax $32,848$32,848
VIII-12 Total revenueRelated to mission $105 · Unrelated business $0 · Excluded from tax $32,848$105,190
Part IX · Statement of functional expenses $86,595 across 9 lines filed
IX-11b Legal feesPrograms $1,134$1,134
IX-11c Accounting feesPrograms $3,100$3,100
IX-11g Other fees for servicesPrograms $285$285
IX-12 Advertising and promotionPrograms $200$200
IX-13 Office expensesPrograms $884$884
IX-14 Information technologyPrograms $1,200$1,200
IX-19 Conferences, conventions and meetingsPrograms $31,612$31,612
IX-24 Other expenses (24a–d)Programs $46,302$46,302
IX-24e All other expensesPrograms $1,878$1,878
IX-25 Total functional expensesPrograms $86,595 · Management $0 · Fundraising $0$86,595
Part X · Balance sheet $81,620 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $71,301$81,620
X-16 Total assetsStart of year $71,301$81,620
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $71,301$81,620
X-33 Total liabilities and net assetsStart of year $71,301$81,620
Part XI · Reconciliation of net assets $81,620 net assets at year end
XI-1 Total revenue$105,190
XI-2 Total expenses$86,595
XI-3 Revenue less expenses$18,595
XI-4 Net assets at start of year$71,301
XI-8 Prior period adjustments$3,489
XI-9 Other changes in net assets−$11,765
XI-10 Net assets at end of year$81,620

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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