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Reel Thanx INC FY2020 filing

Tax-deductible

Midland, TX501(c)(3)Human Services EIN 06-1834089Revenue $101K in FY2020

On file with the IRSreelthanx.orgPo Box 4276, 79704-4276 · Midland, TXTax-exempt since Sep 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To honor our soldiers for their patriotism, bravery and love of country by getting them back to nature. Taking them fishing so they can focus on what they can DO, not what they no longer can. Finally, to inspire bass clubs around the country to seek out these heroes in local hospitals and take them fishing.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $31K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 33.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $66K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$101K
Spent
$76K
To programs
68%
Net assets
$267K
By yearFY2020–FY2024
Revenue
$101K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$101K
FY2021$167K
FY2022$142K
FY2023$175K
FY2024$137K
Expenses
$76K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$76K
FY2021$131K
FY2022$110K
FY2023$121K
FY2024$126K
Net assets
$267K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$267K
FY2021$303K
FY2022$335K
FY2023$389K
FY2024$400K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2011-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $52K Management & general 22% · $17K Fundraising 10% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Alan Means
President
$0Pt VII · Sec A
Mike W Starkey
Vice-Preside
$0Pt VII · Sec A
Mike Mundy
Secretary/Tr
$0Pt VII · Sec A
Terry Brown
Director
$0Pt VII · Sec A
Mike Lipsey
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
George Baer
Director
$0Pt VII · Sec A
See Reel Thanx INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Takes soldiers fishing to reconnect them with nature and inspire others to do the same.

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Provided by the organization

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2 programs · $52K · in their own filed words · FY2020
01

Provide four fishing trips to wounded soldiers. These trips help to facilitate physical healing by promoting an outdoor activity that these heroes can take part in despite their various disabilities. In 2020 only 1 trip was provided to 6 heroes due to covid.

$46Kprogram expense
02

Honor the wives of the reel thanx participants by providing them with an all expense paid weekend retreat of pampering and rest and relaxation. Reel wives plans many activities that are meant to pamper and honor them by providing fun and rewarding opportunities not commonly experienced by military wives.

$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Permian Basin Association of Directional DrillingFY2024$66K
Total grants receivedfrom 1 funder$66K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$101K
Ln 12
Gifts and grantsLn 1h$101K
Investment incomeLn 3$21
Money outPt IX
$76K
Ln 25
Programscol B$52K
Managementcol C$17K
Fundraisingcol D$8K
Owns and owesPt X
$267K
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$267K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101K
Noncash giftsLn 1g$3K
Fundraising eventsLn 1c$73K
Investment incomeLn 3$21
Total revenueLn 12$101K
Assets in detailPt X, end of year
CashLn 1$116K
SavingsLn 2$95K
Cash and savings togetherLn 1–2$210K
Land, buildings, equipmentLn 10c$57K
Total assetsLn 16$267K
LiabilitiesLn 26$0
Net assetsLn 32$267K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$178K$210K
Land, buildings, equipmentLn 10c$65K$57K
Total assetsLn 16$243K$267K
LiabilitiesLn 26$0$0
Net assetsLn 32$243K$267K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$2K
TravelLn 17$117$117
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$38K$28K$5K$5K
All other expensesLn 24e$20K$15K$4K
Total functional expensesLn 25$76K$52K$17K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $137K$126K$11K$400K 990 PDF
FY2023 $175K$121K$54K$389K 990 PDF
FY2022 $142K$110K$32K$335K 990 PDF
FY2021 $167K$131K$36K$303K 990 PDF
FY2020 Viewing $101K$76K$24K$267K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $100,668 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,704$101,467
I-9 Program service revenue$0
I-10 Investment incomePrior year $51$21
I-11 Other revenuePrior year $22,912−$820
I-12 Total revenuePrior year $100,667$100,668
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $141,492$76,453
I-18 Total expensesPrior year $141,492$76,453
I-19 Revenue less expensesPrior year −$40,825$24,215
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $100,668 across 7 lines filed
VIII-1c Fundraising events$73,355
VIII-1f All other contributions, gifts and grants$28,112
VIII-1g Noncash contributions (included above)$2,775
VIII-1h Total contributions, gifts and grants$101,467
VIII-3 Investment incomeRelated to mission $21$21
VIII-8 Net income from fundraising events−$820
VIII-12 Total revenueRelated to mission $21$100,668
Part IX · Statement of functional expenses $76,453 across 7 lines filed
IX-12 Advertising and promotionFundraising $2,642$2,642
IX-13 Office expensesManagement $1,598$1,598
IX-17 TravelManagement $117$117
IX-22 Depreciation, depletion and amortizationPrograms $8,561$8,561
IX-23 InsuranceManagement $5,331$5,331
IX-24 Other expenses (24a–d)Programs $27,658 · Management $5,334 · Fundraising $5,334$38,326
IX-24e All other expensesPrograms $15,423 · Management $4,455$19,878
IX-25 Total functional expensesPrograms $51,642 · Management $16,835 · Fundraising $7,976$76,453
Part X · Balance sheet $267,457 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $74,005$115,560
X-2 Savings and temporary cash investmentsStart of year $103,529$94,750
X-8 Inventories for sale or useStart of year $500$500
X-10c Land, buildings and equipment, netStart of year $65,208$56,647
X-16 Total assetsStart of year $243,242$267,457
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $243,242$267,457
X-32 Total net assets or fund balancesStart of year $243,242$267,457
X-33 Total liabilities and net assetsStart of year $243,242$267,457
Part XI · Reconciliation of net assets $267,457 net assets at year end
XI-1 Total revenue$100,668
XI-2 Total expenses$76,453
XI-3 Revenue less expenses$24,215
XI-4 Net assets at start of year$243,242
XI-10 Net assets at end of year$267,457

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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