The Assembly INC FY2023 filing

Not tax-deductible

Fort Worth, TX501(c)(7)Since 1997Recreation & SportsEIN 90-0783587

The assemblys primary purpose is to promote social pleasure, and its focus is an annual debutante ball.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $30K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 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
151 mo
of spending, in cash
Looks good: 151.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
372
of 372 voting members
Looks good: 372 of 372 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$230K
+225% vs prior year
Spent
$19K
To programs
100%
Net assets
$246K
By yearFY2021–FY2025
Revenue
$230K
FY2023▲ +225%
Revenue by fiscal year
FY2021$227K
FY2022$71K
FY2023$230K
FY2024$252K
FY2025$298K
FY2025$327K
Expenses
$19K
FY2023▼ -94%
Expenses by fiscal year
FY2021$23K
FY2022$287K
FY2023$19K
FY2024$317K
FY2025$283K
FY2025$302K
Net assets
$246K
FY2023▲ +604%
Net assets by fiscal year
FY2021$252K
FY2022$35K
FY2023$246K
FY2024$181K
FY2025$196K
FY2025$221K

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

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Sep 2014.

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% · $19K

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President / Board Member
$0Pt VII · Sec A
Vice President/Board Member
$0Pt VII · Sec A
Secretary/Board Member
$0Pt VII · Sec A
Treasurer/Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See The Assembly INC 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 social pleasure through an annual debutante ball.

Provided by the organization

This section is blank until The Assembly INC claims this page.

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1 program service account for $15K of program spending, described in the organization's own filed words · FY2022.
01

The goal of the organization is producing an annual ball that presents debutantes. The planning of the ball takes months of preparation and planning. The ball was not held this reporting year in november 2022 because of a change in the bylaws that increased the minimum age for debutantes to 21, which resulted in no debutantes to present…

$15Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$230K
Ln 12
Gifts and grantsLn 1h$230K
Money outPt IX
$19K
Ln 25
Programscol B$19K
Owns and owesPt X
$246K
net assets · Ln 32
Cash and savingsLn 1–2$234K
Total assetsLn 16$250K
LiabilitiesLn 26$4K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a372
IndependentVI 1b372
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Total revenueLn 12$230K
Assets in detailPt X, end of year
CashLn 1$234K
Cash and savings togetherLn 1–2$234K
Total assetsLn 16$250K
LiabilitiesLn 26$4K
Net assetsLn 32$246K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$35K$234K
Total assetsLn 16$35K$250K
LiabilitiesLn 26$0$4K
Net assetsLn 32$35K$246K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$19K$19K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $298K$283K$15K$196K 990 PDF
FY2024 $252K$317K−$65K$181K 990 PDF
FY2023 Viewing $230K$19K$211K$246K 990 PDF
FY2022 $71K$287K−$217K$35K 990 PDF
FY2021 $227K$23K$204K$252K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $229,520 across 3 lines filed
VIII-1b Membership dues$229,520
VIII-1h Total contributions, gifts and grants$229,520
VIII-12 Total revenue$229,520
Part IX · Statement of functional expenses $18,542 across 4 lines filed
IX-11c Accounting feesPrograms $2,018$2,018
IX-23 InsurancePrograms $5,025$5,025
IX-24 Other expenses (24a–d)Programs $7,882$7,882
IX-24e All other expensesPrograms $3,617$3,617
IX-25 Total functional expensesPrograms $18,542 · Management $0 · Fundraising $0$18,542
Part X · Balance sheet $249,725 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $34,906$233,549
X-9 Prepaid expenses and deferred charges$16,176
X-16 Total assetsStart of year $34,906$249,725
X-17 Accounts payable and accrued expenses$3,841
X-26 Total liabilitiesStart of year $0$3,841
X-32 Total net assets or fund balancesStart of year $34,906$245,884
X-33 Total liabilities and net assetsStart of year $34,906$249,725
Part XI · Reconciliation of net assets $245,884 net assets at year end
XI-1 Total revenue$229,520
XI-2 Total expenses$18,542
XI-3 Revenue less expenses$210,978
XI-4 Net assets at start of year$34,906
XI-10 Net assets at end of year$245,884

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

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