2024-06-06T14:24:23-04:00 2023-12-31 752837698 CBT Ltd 2309 Roosevelt Drive Suite A Arlington TX 76016 990EZ 2023-01-01 462128831 Mansfield Invitational Inc MANS 2922 Howell Dr Venus TX 76084 Raymond Meeks President 2024-05-14 true Raymond Meeks true Belinda Lara P01883052 8173506232 2024-06-06 2 00 AAL1 IAL1 2023 2023-04-26 12:10:37Z X X X X 161954 X 85500 76454 109961 -33507 51993 1100 3590 9487 14177 37816 78490 116306 X 77315 115131 0 0 1175 1175 78490 116306 0 0 78490 116306 See Schedule O See Schedule O 0 Raymond Meeks President 0.00 0 0 0 Samantha Morrow Vice-President 0.00 0 0 0 Randall Canedy TreasurerSecretary 0.00 0 0 0 false false false false false false false false false Raymond Meeks 2922 Howell Dr Venus TX 76084 8174731110 false false false false false false false false false false false NONE NONE true X 90250 40000 53000 75500 85500 344250 90250 40000 53000 75500 85500 344250 344250 344250 1.00000 1.00000 X false TX Basketball 16109 16109 1770 Basketball 26605 26605 1770 2 33740 33740 2328 76454 76454 5868 5868 70586 Description of other expenses Part I line 16 Description AmountSchedule O Expenses 9,487 Description of other assets Part II line 24 Category Beginning of Year End of YearOrganizational Costs 1,175 1,175 Other program services Part III line 31 Organizations Mission:The corporation is organized exclusively for charitable and educational purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code. The corporation will produce, manage and direct youthathletic tournaments in conjunction with the Mansfield Independent School District and the City of Mansfield. No part of the net earnings of the corporation shall inure to the benefit of, or be distributable to its members, trustees, officers or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payment and distributions in furtherance of the purposes set forth in Article Third hereof. No substantial part of the activities of the corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the corporation shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of or in opposition to any candidate for public office. Notwithstanding any other provision of these articles, the corporation shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or (b) by a corporation, contributions to which are deductible under section 170(c)(2) of the Internal Revenue Code, or the corresponding section of any future federal tax code. Upon the dissolution of the corporation, assets shall be distributed for one or more exempt purposes within the meaning of section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government for a public purpose. Any such assets not so disposed of shall be disposed of by a Court of Competent Jurisdiction of the county in which the principal office of the corporation is then located. Organizations Program Service Accomplishments Part III, line 28:The organization produces and directs two high school basketball tournaments, one volleyball tournament and one 5K fun run in cooperation with and in the facilities of Mansfield Independent School District. The largest portion of our funding is a grant from the City of Mansfield Hotal Occupancy Tax Fund. The remainder of the funding is from corporate sponsorship and sales. Sales include tournament admissions, T-shirts and programs. We have contracted with a name sponsor, Spring Creek Barbecue. We distribute a portion of the proceeds from the tournament to other local tax exempt organizations in exchange for their participation in hosting the tournament. Those organizations are local organzitions that have already been involved in the tournament in the past, including the Rotary Club and the MISD Athletic Booster Clubs. They provide gate personnel and venue coordinators and they maintain hospitality rooms at the venues. We have a schedule of payments to them based upon the number of games that they host and a flat amount for hospitality rooms. The funds are used by those organizations for their local charitable purposes.There were three tournaments held in 2023, the Spring Creek Classic (Boys)held November 30-December 2, 2023, the Spring Creek Barbeque Invitational (Girls) held December 27-29, 2023 and Volleyball held August 10-12, 2023 . There was also one fun run, Miles for Meredith, held on October 15, 2023. Below is the breakdown of the proceeds and expenses incurred for all tournaments. 2023 Proceeds:Tournament Sales (Boys) $ 16,109Tournament Sales (Girls) 26,605Tournament Sales (Volleyball) 28,235Miles for Meredith 5,505Sponsorships (Spring Creek) 25,000Sponsorships (Mansfield Methodist) 7,500Sponsorships (City of Mansfield) 30,000Sponsorships (Texas Renovations) 1,0002022 Expenses:Hotel for team rooms (All) $ 9,487Trophies and Awards (All) 5,868Printing (All) 3,590Tournaments Officials (All) 80,041Hospitality (All) 24,052Professional Fees 1,100