2025-11-20T14:55:41-06:00 2024-12-31 582487348 APRIO ADVISORY GROUP LLC 2002 SUMMIT BOULEVARD SUITE 120 ATLANTA GA 30319 990 2024-01-01 752970373 BIG SPRING AREA COMMUNITY FOUNDATION INC BIGS 4322637676 PO BOX 2007 BIG SPRING TX 797212007 TOMMY CHURCHWELL VICE PRESIDENT 4328169848 2025-11-20 1 1 SARITA AKIN P01399134 4048929651 2025-11-20 2024 2025-03-06 01:10:19Z DREW MOUTON PO BOX 2007 BIG SPRING TX 797212007 2223533 0 X BSACF.ORG X 2001 TX RECEIVE GIFTS, BEQUESTS AND DONATIONS TO BE HELD AS ENDOWMENTS THAT WILL PROVIDE CHARITABLE, CULTURAL AND EDUCATIONAL BENEFITS TO THE BIG SPRING AND HOWARD COUNTY AREAS. 11 11 3 0 0 0 1198877 1009350 0 0 805735 401426 0 820 2004612 1411596 637170 348350 0 0 139956 157403 0 0 31982 83643 77476 860769 583229 1143843 828367 19134401 21571654 5825527 3193889 13308874 18377765 RECEIVE GIFTS, BEQUESTS AND DONATIONS TO BE HELD AS ENDOWMENTS THAT WILL PROVIDE CHARITABLE, CULTURAL AND EDUCATIONAL BENEFITS TO THE BIG SPRING AND HOWARD COUNTY AREAS. 0 0 378590 348350 IN 2024 THE BIG SPRING AREA COMMUNITY FOUNDATION AWARDED OVER $65,000 TO LOCAL NON-PROFITS FROM AGENCY FUNDS. THOSE GRANTS HELP FUND TRAINING FOR YOUTH, RENOVATIONS TO THE LOCAL AMPHITHEATER AND MUSEUM, AND PURCHASED PROGRAM SUPPLIES FOR A RAPE CRISIS CENTER. ADDITIONALLY, THE FOUNDATION CONTRIBUTED $100,000 TOWARD FUNDS NEEDED TO BUILD A YOUTH CENTER THAT WILL SERVE AREA PRE-TEEN AND TEENS AND $25,000 FOR A PRODUCTION OF THE NUTCRACKER BY THE BIG SPRING SYMPHONY. AT LEAST 54 AREA YOUTH ALSO BENEFITTED FROM THE FOUNDATION THROUGH SCHOLARSHIPS TOTALING OVER $150,000. 378590 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 X X BOOKMINDERS 8775172665 101 S 10TH STREET PITTSBURGH PA 15203 DREW MOUTON PRESIDENT 2.00 X X 0 0 0 TOMMY CHURCHWELL VICE PRESIDENT 2.00 X X 0 0 0 RICHARD STEEL SECRETARY 2.00 X X 0 0 0 JIM LITTLE MEMBER 0.00 X 0 0 0 LESLIE ELROD-HOBBS MEMBER 0.00 X 0 0 0 JAN FORESYTH MEMBER 0.00 X 0 0 0 JIMMY MILLER MEMBER 0.00 X 0 0 0 MAUREEN HADDAD MEMBER 0.00 X 0 0 0 REINA CISNEROS MEMBER 0.00 X 0 0 0 DIANE WOOD MEMBER 0.00 X 0 0 0 PATSY SANCHEZ MEMBER 0.00 X 0 0 0 GEORGE BANCROFT EXECUTIVE DIRECTOR 40.00 X 126000 0 0 126000 0 0 1 0 0 0 0 4300 1005050 1009350 327486 327486 885877 811937 73940 73940 73940 MISCELLANEOUS REVENUE 900099 820 820 820 1411596 0 0 402246 348350 348350 126000 16878 86061 23061 16081 2154 10984 2943 4453 554 3050 849 10869 1456 7424 1989 34725 34725 11288 11288 1135 1135 380 164 216 2614 564 1645 405 1428 213 992 223 5520 944 3668 908 10052 6032 4020 3981 619 2676 686 5270 662 3906 702 MEMBERSHIP DUES 1071 1071 BANK FEES 12 12 583229 378590 172657 31982 978969 1054380 280584 384027 153431 9289 0 144142 17874848 19989105 19134401 21571654 5825527 3193889 5825527 3193889 X 12490099 15993566 818775 2384199 13308874 18377765 19134401 21571654 X 828367 1134975 3105550 -1 X X 0 1 X 1 0 X 99583 211199 458636 117415 116739 1003572 99583 211199 458636 117415 116739 1003572 1003572 146025 180717 383844 814926 327486 1852998 2856570 0.35130 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: DATE: 12/31/24 AMOUNT: 892611. DESCRIPTION: DATE: 12/31/23 AMOUNT: 830158. DESCRIPTION: DATE: 12/31/22 AMOUNT: 1035717. DESCRIPTION: DATE: 12/31/21 AMOUNT: 937166. DESCRIPTION: DATE: 12/31/20 AMOUNT: 1702240. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 3074735 243106 123952 3193889 1 X 15969807 1302369 1401169 250902 226576 18195867 12966906 914292 2673983 414840 170534 15969807 14696285 1494353 -2388489 611004 24239 13166906 11980927 1148466 2025036 322537 144607 14687285 9285221 1814593 1442943 437934 123996 11980827 0.86897 0.07112 0.05991 0 0 15625 15625 134806 7057 127749 3000 2232 768 144142 2131499 1134975 54365 1189340 942159 55123 414314 469437 1411596 566075 0 566075 11288 5866 17154 583229 PART IV, LINE 1B: THE FOUNDATION FOLLOWS THE PROVISIONS OF ASC TOPIC 958, TRANSFERS OF ASSETS TO A NOT-FOR-PROFIT ORGANIZATION OR CHARITABLE TRUST THAT RAISES OR HOLDS CONTRIBUTIONS FOR OTHERS. THIS STATEMENT ESTABLISHES STANDARDS FOR TRANSACTIONS IN WHICH A COMMUNITY FOUNDATION ACCEPTS A CONTRIBUTION FROM A DONOR AND AGREES TO TRANSFER THOSE ASSETS, THE RETURN ON INVESTMENT OF THOSE ASSETS OR BOTH TO ANOTHER ENTITY THAT IS SPECIFIED BY THE DONOR. PART IV, LINE 2B: ASC TOPIC 958 SPECIFICALLY REQUIRES THAT IF A NOT-FOR-PROFIT ORGANIZATION ESTABLISHES A FUND AT A COMMUNITY FOUNDATION WITH ITS OWN FUNDS AND SPECIFIES ITSELF AS THE BENEFICIARY OF THAT FUND, THE COMMUNITY FOUNDATION MUST ACCOUNT FOR THE TRANSFER OF SUCH ASSETS AS A LIABILITY. THE FOUNDATION REFERS TO SUCH FUNDS AS FUNDS HELD AS AGENCY ENDOWMENTS. AT DECEMBER 31, 2024, THE FOUNDATION WAS THE OWNER OF FIVE AGENCY FUNDS, WITH A COMBINED FAIR VALUE OF $3,193,889. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE IN INVESTMENT INCOME 54,365. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING DIFFERENCE 1. CHANGE IN BENEFICIAL INTEREST 414,300. BOOK/TAX DIFFERENCE IN GAIN/LOSS 13. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION ADJUSTMENT 311. ACCRUAL TO CASH ADJUSTMENT 5,555. 1 BIG SPRING AREA CHAMBER OF COMMERCE CHARITABLE TRUST 1 113 E 3RD ST BIG SPRING TX 79720 756440949 501(C)(3) 23000 0 RENOVATIONS HOWARD COUNTY JUNIOR COLLEGE 1001 BIRDWELL LANE BIG SPRING TX 79720 756001827 25000 0 FIRST FLIGHT CONCURRENT SCHOLARSHIP FOR HS SENIORS, SCHOLARSHIPS NONTRADITIONAL STUDENTS HERITAGE MUSEUM OF BIG SPRING 510 SCURRY ST BIG SPRING TX 79720 751333435 501(C)(3) 14400 0 LIGHTING, PAINT & REPAIRS, EXTRA HELP, NEW MURAL BIG SPRING YMCA 801 OWENS ST BIG SPRING TX 79720 750827470 501(C)(3) 208493 0 TEEN & YOUTH CENTER, GENERAL PURPOSE BIG SPRING SYMPHONY ASSOCIATION INCORPORATED PO BOX 682 BIG SPRING TX 79721 752162301 501(C)(3) 27615 0 FUNDING FOR THE NUTCRACKER BALLET, GENERAL PURPOSE ST MARY'S EPISCOPAL CHURCH 1001 S GOLIAD ST BIG SPRING TX 79720 756004916 22666 0 GENERAL PURPOSE HANGAR 25 AIR MUSEUM ASSOCIATION 1911 APRON DR BIG SPRING TX 79720 752790454 501(C)(3) 5725 0 GENERAL PURPOSE PART I, LINE 2: GRANT RECIPIENTS ARE REQUIRED TO PROVIDE PROGRESS REPORTS ON THE EXPENDITURE OF GRANT MONIES NOT LESS THAN EVERY SIX MONTHS, AND PRIOR TO ANY SUCCEEDING GRANT REQUEST. BY REQUESTING A GRANT, THE RECIPIENT GRANTS THE FOUNDATION THE RIGHT TO AUDIT THE RECIPIENT'S BOOKS RELATIVE TO APPROVED GRANT APPLICATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE FOUNDATION INCLUDE THOSE THAT PAY A $100 ANNUAL FEE AND THOSE ESTABLISHING A FUND WITH A MINIMUM BALANCE OF $10,000. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE TRUSTEES AS THEIR TERMS EXPIRE. OFFICERS ARE ELECTED BY THE TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B ONLY AMENDMENT OF THE BYLAWS REQUIRES APPROVAL OF THE MEMBERS. ALL OTHER GOVERNING DECISIONS ARE MADE BY THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION PRESIDENT REVIEWS FORM 990 WITH THE PREPARER. AFTER THEIR REVIEW, A COPY IS DISTRIBUTED TO EACH MEMBER OF THE GOVERNING BODY FOR REVIEW AND ACCEPTANCE BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S MONTHLY FINANCIAL STATEMENTS, ANNUAL FINANCIALS, GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC THROUGHOUT THE YEAR ON A REQUEST BASIS. THE FOUNDATION HOLDS AN ANNUAL MEETING OPEN TO THE PUBLIC TO PRESENT THE FINANCIAL STATEMENTS, MANAGEMENT'S ANNUAL REPORT AND DISCUSS OTHER ITEMS AS NECESSARY INCLUDING FOUNDATION GOVERNANCE. FORM 990 AND MOST RECENT AUDIT REPORT ARE AVAILABLE FOR INSPECTION ON THE FOUNDATION WEBSITE. FORM 990, PART XI, LINE 9: ROUNDING DIFFERENCE -1. FORM 990, PART XII, LINE 2C: THE FOUNDATION AUDIT COMMITTEE IS RESPONSIBLE FOR AUDIT OVERSITE. THE COMMITTEE, WHO IS COMPRISED OF THE BOARD PRESIDENT, THE BOARD VICE PRESIDENT, AND A THIRD MEMBER WHO IS NOT A MEMBER OF THE BOARD BUT HAS EXPERIENCE WITH AUDITS, REVIEWS THE AUDIT WITH THE AUDITORS AND THEN MAKES THE AUDIT AVAILABLE TO THE ENTIRE BOARD FOR REVIEW. IF THERE ARE NO CONCERNS, THE BOARD PRESIDENT APPROVES THE AUDIT. THIS PROCESS REMAINS UNCHANGED FROM PRIOR YEARS.