2025-06-26T08:15:04-00:00 2024-12-31 860422685 CARNEY FOY CPA PO BOX 2331 SILVER CITY NM 88062 990EZ 2024-01-01 475159458 GILA COMMUNITY AND TOURISM DEVELOPMENT INC GILA 5755902612 PO Box 5192 SILVER CITY NM 88062 JOHN BRENNAN TREASURER 5755902612 2025-06-26 true CARNEY FOY P00437596 5753883111 2025-06-26 X 2024 2025-03-06 01:10:19Z X N/A X X 99694 X 99694 99694 218591 8095 226686 -126992 161400 -29517 4891 X 4991 4891 156409 161400 4891 161400 4891 X PROMOTING TOURISM AND SUPPORITING OUTDOR RECREATION IN MULTI-GENERATIONAL CONTEXTS PRODUCING, PROMOTING AND HOLDING A AMATEUR BICYLCE RACE IN SILVER CITY NM 100 TRAIL PROJECT 7995 7995 PROVIDE A GRANT TO THE TOUR OF THE GILA, INC A RELATED 501C4 ORGANIZATION, TO SUPPORT COMMUNITY-BASED SPORTING AND EDUCATIONAL EVENTS THAT ALIGN WITH GILA COMMUNITY AND TOURISM DEVELOPMENTS INCS MISSION. 91699 In prior years, Tourism Development, Inc. transferred 126,892 to Tour of the Gila, Inc., a related 501c4 organization. This amount was previously recorded as a loan receivable under other assets. 126892 226686 MICHELLE GEELS PRESIDENT 020.00 0 STEVE WOOLF VICE PRESIDENT 002.00 0 SUSANNAH BARSOM SECRETARY 005.00 0 JOHN BRENNAN TREASURER 020.00 0 WAYNE SHERWOOD DIRECTOR 002.00 0 false false false false false false false 0 0 0 false false JOHN BRENNAN 5231 BIG BEND RD SILVER CITY NM 88061 5755902612 false false false false false false false false false false false NONE NONE true X 5979 71521 22033 119219 99694 318446 5979 71521 22033 119219 99694 318446 318446 0 0 0 0 5979 71521 22033 119219 99694 318446 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part III, Line 31 In prior years, Tourism Development, Inc. transferred 126,892 to Tour of the Gila, Inc., a related 501c4 organization. This amount was previously recorded as a loan receivable under other assets. Grants and allocations 0, Program service expenses 126,892 Form 990-EZ, Part I, Line 10, Grants Paid Activity SUPPORT FOR TOURISM, Grantee TOUR OF THE GILA, INC PO BOX 5192 SILVER CITY NM 88062, Cash Grant 218,591, Relationship Form 990-EZ, Part I, Line 16, Other Expenses TRIALS PROJECT 7,995 Form 990-EZ, Part I, Line 16, Other Expenses BIKE PROMOTION 100 Form 990-EZ, Part I, Line 20, Net Assets ADJUSTMENT OF UNKNOWN RECIEVABLE CARRIED ON THE BOOKS AT 12-31-2023 -29,517 Form 990-EZ, Part II, Line 24, Other Assets RECEIVABLE -TOUR OF THE GILA Beginning of year 126,892, End of year 0 Form 990-EZ, Part II, Line 24, Other Assets RECEIVABLE -NOT INDENTIFIED Beginning of year 29,517, End of year 0 Form 990-EZ, Part II, Line 24 In prior years, Tourism Development, Inc. transferred 126,892 to Tour of the Gila, Inc., a related 501c4 organization. This amount was previously recorded as a loan receivable under other assets. Upon review, it was determined that the original intent of the transfer was to provide financial support for public, educational, and tourism-promoting events aligned with the exempt purposes of the organization. The funds were not expected to be repaid and were not subject to a promissory note or formal loan agreement.As a result, the 126,892 has been reclassified from a loan receivable to a grant. The balance sheet in Part II has been adjusted to remove the receivable from Line 24. This correction ensures compliance with the organizations financial reporting and exempt purpose requirements under IRC 501c3.