Victory Houston Inc
- Assets
- $243.5k
- Revenue
- $319.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- Data as of
- 12/2022
- EIN
- 88-3476550
Organization Overview
Victory Houston Inc is located in Houston, TX. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Houston Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VICTORY HOUSTON, INC. WILL RAISE THE MOST MONEY AT THE LEAST COST TO PROVIDE SUPPORT FOR CANCER-RELATED INITIATIVES IN THE GREATER HOUSTON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VICTORY RALLY BALL IS AN ANNUAL GALA HELD TO RAISE MONEY IN THE FIGHT AGAINST CANCER. THIS DYNAMIC EVENT, PRESENTED BY VICTORY HOUSTON INC, FEATURES DINNER, DRINKS, SILENT AND LIVE AUCTIONS, LIVE MUSIC AND DANCING. ALL MONEY RAISED SUPPORTS CANCER RESEARCH AND INITIATIVES IN THE GREATER HOUSTON AREA.
THE FOUNDERS MEMBERSHIP LEVEL WAS INITIATED IN 2022 AS A ONE-TIME OPPORTUNITY FOR MEMBERS TO SUPPORT VICTORY AS FOUNDERS OF THE NEW ORGANIZATION. THE $1000 FEE INCLUDED THE MEMBERSHIP DUES FOR THE YEAR AND VESTED THOSE WHO JOINED AT THIS LEVEL AS FOUNDING MEMBERS.
THE CHARITABLE GIVING COMMITTEE IS RESPONSIBLE FOR THE DUE DILIGENCE ASSOCIATED WITH THE SOLICITATION OF IDEAS (FROM VICTORY HOUSTON, INC. MEMBERS), VETTING OF POTENTIAL CANDIDATES, AND FINAL RECOMMENDATIONS OF ORGANIZATIONS WHO ARE ELIGIBLE TO RECEIVE VICTORY FUNDS. FINAL RECOMMENDATIONS ARE PRESENTED TO THE EXECUTIVE BOARD FOR APPROVAL. RECIPIENTS MUST BE ALIGNED WITH THE VICTORY HOUSTON, INC. MISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Beathard Recording Secretary | OfficerTrustee | 1 | $0 |
Joni Ballis President | OfficerTrustee | 1 | $0 |
Bebe Falik Treasurer | OfficerTrustee | 1 | $0 |
Kelsey Wright First Vice President | OfficerTrustee | 1 | $0 |
Elaine Gartrell Second Vice President | OfficerTrustee | 1 | $0 |
Kathy Bennett Membership Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,040 |
| Noncash contributions included in lines 1a–1f | $24,132 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,740 |
| Total Program Service Revenue | $3,864 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,562 |
| Office expenses | $852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,783 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,419 |
| All other expenses | $0 |
| Total functional expenses | $76,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,470 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $243,470 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $243,470 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $243,470 |