Overview
What is Assembly Inc?
Assembly Inc is a nonprofit organization situated in Fort Worth, Texas. Their primary focus is organizing an annual debutante ball, a significant event that requires extensive preparation and planning. Due to changes in their bylaws, increasing the minimum age for debutantes to 21, and the significant rise in expenses post-COVID, the ball was not held in November 2022. The nonprofit, initially established as a women's club to promote social pleasure, centers around this annual event, enabling its members to socialize and engage with one another. The revenues from the current fiscal year will be saved for covering the expenses of future balls.
Is Assembly Inc legitimate?
Assembly Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Assembly Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Assembly Inc?
Assembly Inc, an established women's club, has a primary purpose of promoting social pleasure. Their main focus is the annual Debutante Ball, an event designed to showcase debutantes. The organization, founded with the aim of social interaction, organizes various meetings and preparations leading up to the Ball. The Ball serves as a platform for members to socialize and network. Regrettably, the Ball was not held in November 2022 due to a change in bylaws that increased the minimum age for debutantes, resulting in no eligible candidates. Additionally, the expenses associated with producing the Ball significantly increased after COVID, affecting the organization's financials. Despite the challenges, the revenue from the current fiscal year will be saved for future Ball productions.
Who is the CEO of Assembly Inc?
Margaret Farrell is the President / Board Member of Assembly Inc.
What is the revenue of Assembly Inc?
Assembly Inc's revenue in 2023 was $229,520.
Who are the executives of Assembly Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Assembly Inc?
Assembly Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Assembly Inc
Assembly Inc, a women's club, was established with the primary objective of promoting social pleasure. Its focus is the Annual Debutante Ball, an event that allows members to socialize extensively. The organization dedicates months to planning and preparing for this grand event, which showcases debutantes. However, due to a change in the bylaws that increased the minimum age for debutantes to 21, the ball was not held in November 2022. Additionally, the historical expenses associated with the production of the ball drastically increased after COVID, affecting the revenues of this fiscal year. Nevertheless, the revenues from this year are being rolled forward to cover the expenses of future balls.
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Impact
October, 2024
Assembly Inc plays a significant role in fostering social connections and cultural traditions within Fort Worth, Texas, primarily through its annual debutante ball. This prestigious event not only serves as a platform for presenting debutantes but also enriches the community's social fabric by bringing together members and their families in a celebration of heritage and social pleasure.
The meticulous planning and preparation for the ball highlight the commitment of its members to uphold this cherished tradition, creating opportunities for networking and relationship-building among attendees. Despite the challenges faced in recent years, including bylaw changes and increased production costs post-COVID, the organization remains dedicated to its mission. The decision to roll forward revenues for future events ensures that the debutante ball can continue to thrive, offering a cherished experience for young women and maintaining its significance in the community.
By promoting social engagement through this annual event, Assembly Inc contributes to cultural continuity and provides a unique space for celebration, making a lasting impact on the lives of participants and the broader community.
This information is meant to be a general summary of Assembly Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $229,520
Assets and Liabilities:
- Total Assets: $249,725
- Total Liabilities: $3,841
- Net Assets: $245,884
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Organization Details
Founding Year
1997
Phone
(817) 334-0066Principal Officer
Margaret Farrell
Main Address
777 MAIN ST STE 550, FORT WORTH, TX, 76102
NTEE Category
Code: N99 - Recreation
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