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New Boston Community

New Boston, TXUnknown exempt organizationEIN 83-4545363Revenue $194K in FY2024

On file with the IRS1 Trailhead Park Plaza · New Boston, TX

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To promote Community development in and around New Boston, texas.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 5
filings with a surplus
Average surplus $151K a year · 92% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1504 mo
of spending, in cash
Looks good: 1504.2 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
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$194K
+9% vs prior year
Spent
$7K
To programs
0%
Net assets
$961K
By yearFY2020–FY2024
Revenue
$194K
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$114K
FY2021$180K
FY2022$154K
FY2023$178K
FY2024$194K
Expenses
$7K
FY2024▲ +158%
Tap a bar for its year
Expenses by fiscal year
FY2020$41K
FY2021$9K
FY2022$6K
FY2023$3K
FY2024$7K
Net assets
$961K
FY2024▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$280K
FY2021$450K
FY2022$599K
FY2023$774K
FY2024$961K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $7K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
David Daniel
President
$0Pt VII · Sec A
Yushaka Bowie
Board Member
$0Pt VII · Sec A
Justin Arsenault
Board Member
$0Pt VII · Sec A
Jimmy Parker
Board Member
$0Pt VII · Sec A
Wilma Rose
Board Member
$0Pt VII · Sec A
Chad Duffer
Vice-President
$0Pt VII · Sec A
Lynn Davis
Board Member
$0Pt VII · Sec A
Rip England
Board Member
$0Pt VII · Sec A
See New Boston Community 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

Develops communities in and around New Boston, Texas.

Questions for New Boston Community

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Collection of special sales tax which is used to entice community development in and around new boston, texas.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$194K
Ln 12
Other incomeLn 4–11$168K
Investment incomeLn 3$26K
Money outPt IX
$7K
Ln 25
Managementcol C$7K
Owns and owesPt X
$961K
net assets · Ln 32
Cash and savingsLn 1–2$898K
Total assetsLn 16$961K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$26K
Other incomeLn 4–11$168K
Total revenueLn 12$194K
Assets in detailPt X, end of year
CashLn 1$898K
Cash and savings togetherLn 1–2$898K
Land, buildings, equipmentLn 10c$50K
Other assetsLn 15$13K
Total assetsLn 16$961K
LiabilitiesLn 26$0
Net assetsLn 32$961K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$765K$898K
Land, buildings, equipmentLn 10c$9K$50K
Total assetsLn 16$774K$961K
LiabilitiesLn 26$0$0
Net assetsLn 32$774K$961K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$103$103
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$7K$0$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $194K$7K$187K$961K 990 PDF
FY2023 $178K$3K$175K$774K 990 PDF
FY2022 $154K$6K$149K$599K 990 PDF
FY2021 $180K$9K$171K$450K 990 PDF
FY2020 $114K$41K$72K$280K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $194,415 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $21,994$26,309
I-11 Other revenuePrior year $155,857$168,106
I-12 Total revenuePrior year $177,851$194,415
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 $2,780$7,165
I-18 Total expensesPrior year $2,780$7,165
I-19 Revenue less expensesPrior year $175,071$187,250
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $194,415 across 3 lines filed
VIII-3 Investment incomeRelated to mission $26,309$26,309
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $168,106$168,106
VIII-12 Total revenueRelated to mission $194,415 · Unrelated business $0 · Excluded from tax $0$194,415
Part IX · Statement of functional expenses $7,165 across 5 lines filed
IX-11c Accounting feesManagement $2,063$2,063
IX-13 Office expensesManagement $103$103
IX-22 Depreciation, depletion and amortizationManagement $1,002$1,002
IX-23 InsuranceManagement $1,594$1,594
IX-24 Other expenses (24a–d)Management $2,403$2,403
IX-25 Total functional expensesPrograms $0 · Management $7,165 · Fundraising $0$7,165
Part X · Balance sheet $960,913 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $765,122$898,129
X-10c Land, buildings and equipment, netStart of year $8,541$49,644
X-15 Other assetsStart of year $0$13,140
X-16 Total assetsStart of year $773,663$960,913
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $773,663$960,913
X-33 Total liabilities and net assetsStart of year $773,663$960,913
Part XI · Reconciliation of net assets $960,913 net assets at year end
XI-1 Total revenue$194,415
XI-2 Total expenses$7,165
XI-3 Revenue less expenses$187,250
XI-4 Net assets at start of year$773,663
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$960,913

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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