The Assembly INC FY2024 filing

Not tax-deductible

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

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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

FY2024 · 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
6 mo
of spending, in cash
Looks good: 6.5 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
377
of 377 voting members
Looks good: 377 of 377 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$252K
+10% vs prior year
Spent
$317K
To programs
100%
Net assets
$181K
By yearFY2021–FY2025
Revenue
$252K
FY2024▲ +10%
Revenue by fiscal year
FY2021$227K
FY2022$71K
FY2023$230K
FY2024$252K
FY2025$298K
FY2025$327K
Expenses
$317K
FY2024▲ ×17
Expenses by fiscal year
FY2021$23K
FY2022$287K
FY2023$19K
FY2024$317K
FY2025$283K
FY2025$302K
Net assets
$181K
FY2024▼ -26%
Net assets by fiscal year
FY2021$252K
FY2022$35K
FY2023$246K
FY2024$181K
FY2025$196K
FY2025$221K

From the FY2024 Form 990 (year ending March 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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% · $317K

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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President/Board Member
$0Pt VII · Sec A
V-Pres/Board Member
$0Pt VII · Sec A
Secretary/Board Member
$0Pt VII · Sec A
Treasurer/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

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1 program · $317K · in their own filed words · FY2023
01

All revenue and expenses are related to the annual debutante ball.

$317Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$252K
Ln 12
Gifts and grantsLn 1h$230K
Fees for servicesLn 2g$21K
Money outPt IX
$317K
Ln 25
Programscol B$317K
Owns and owesPt X
$181K
net assets · Ln 32
Cash and savingsLn 1–2$171K
Total assetsLn 16$181K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a377
IndependentVI 1b377
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Fees for servicesLn 2g$21K
Total revenueLn 12$252K
Assets in detailPt X, end of year
CashLn 1$171K
Cash and savings togetherLn 1–2$171K
Total assetsLn 16$181K
LiabilitiesLn 26$0
Net assetsLn 32$181K
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 FY24End FY24
Cash and savingsLn 1–2$234K$171K
Total assetsLn 16$250K$181K
LiabilitiesLn 26$4K$0
Net assetsLn 32$246K$181K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other expenses (24a–d)Ln 24$251K$251K
All other expensesLn 24e$64K$64K
Total functional expensesLn 25$317K$317K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $298K$283K$15K$196K 990 PDF
FY2024 Viewing $252K$317K−$65K$181K 990 PDF
FY2023 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $251,800 across 4 lines filed
VIII-1b Membership dues$230,350
VIII-1h Total contributions, gifts and grants$230,350
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,450$21,450
VIII-12 Total revenueRelated to mission $21,450 · Unrelated business $0 · Excluded from tax $0$251,800
Part IX · Statement of functional expenses $316,529 across 3 lines filed
IX-11c Accounting feesPrograms $1,500$1,500
IX-24 Other expenses (24a–d)Programs $251,153$251,153
IX-24e All other expensesPrograms $63,876$63,876
IX-25 Total functional expensesPrograms $316,529 · Management $0 · Fundraising $0$316,529
Part X · Balance sheet $181,155 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $233,549$171,155
X-9 Prepaid expenses and deferred chargesStart of year $16,176$10,000
X-16 Total assetsStart of year $249,725$181,155
X-17 Accounts payable and accrued expensesStart of year $3,841$0
X-26 Total liabilitiesStart of year $3,841$0
X-32 Total net assets or fund balancesStart of year $245,884$181,155
X-33 Total liabilities and net assetsStart of year $249,725$181,155
Part XI · Reconciliation of net assets $181,155 net assets at year end
XI-1 Total revenue$251,800
XI-2 Total expenses$316,529
XI-3 Revenue less expenses−$64,729
XI-4 Net assets at start of year$245,884
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$181,155

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

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