Henry Mize Charitable Foundation INC FY2020 filing

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Organized exclusively for educational and Charitable purposes.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0564747) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$1K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $123K a year · 29% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
64% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1K
to officers and key staff · 0.4% of spending
Pay to officers and key staff is 0.4% of spending.
Part VII, Section A
7.3 mo
of spending, in cash
Plus $5.9M in investments, Pt X · Ln 11–13
7.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$659K
10% of total assets
Liabilities are 10% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$442K
Spent
$300K
To programs
64%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$442K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$442K
FY2021$646K
FY2022$97K
FY2023$488K
FY2024$469K
Expenses
$300K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$300K
FY2021$318K
FY2022$308K
FY2023$309K
FY2024$293K
Net assets
$6.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$6.8M
FY2022$5.4M
FY2023$6.1M
FY2024$6.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2004.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $191K Management & general 36% · $109K

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

5 people listed on the 990; $1K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$300Pt VII · Sec A
$300Pt VII · Sec A
Director
$300Pt VII · Sec A
Director
$300Pt VII · Sec A
$0Pt VII · Sec A

Mike Clayborne’s $300 as Director is at the 0th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Mike Clayborne$300$300$300$300
Paul Mize III$300$300$300$300
Guy Mitchell$300$300$300$300
Bennett Mize$300$300$300$300

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Henry Mize Charitable Foundation INC executive salaries →

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

Provides educational and charitable services to the community.

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1 program · $191K · in their own filed words · FY2020
01

Operated exclusively for the benefit of and to carry out the functions or purposes of create foundation, inc.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0564747) · Dispute this line
$191Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $933K · 2020–2024
Create Foundation INCMS · FY2024$164,215
Create Foundation INCMS · FY2023$192,394
Create Foundation INCMS · FY2022$192,394
Create Foundation INCMS · FY2021$192,544
Create Foundation INCMS · FY2020$191,294

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$442K
Ln 12
Other incomeLn 4–11$322K
Investment incomeLn 3$120K
Money outPt IX
$300K
Ln 25
Programscol B$191K
Managementcol C$109K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$6.8M
LiabilitiesLn 26$659K
PeoplePt VI, VII
5
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$120K
Other incomeLn 4–11$322K
Gains on assetsLn 7$322K
Total revenueLn 12$442K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$181K
Cash and savings togetherLn 1–2$182K
Prepaid expenses and deferred chargesLn 9$659K
InvestmentsLn 11–13$5.9M
Total assetsLn 16$6.8M
LiabilitiesLn 26$659K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$173K$182K
InvestmentsLn 11–13$5.6M$5.9M
Total assetsLn 16$6.6M$6.8M
LiabilitiesLn 26$850K$659K
Net assetsLn 32$5.8M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$191K$191K
Accounting feesLn 11c$1K$1K
Other expenses (24a–d)Ln 24$108K$108K
Total functional expensesLn 25$300K$191K$109K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 13, 2025 $469K$293K$176K$6.6M 990 PDF
FY2023Filed with the IRS May 13, 2024 $488K$309K$178K$6.1M 990 PDF
FY2022Filed with the IRS May 11, 2023 $97K$308K−$211K$5.4M 990 PDF
FY2021Filed with the IRS May 13, 2022 $646K$318K$328K$6.8M 990 PDF
FY2020 ViewingFiled with the IRS Apr 30, 2021 $442K$300K$142K$6.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $442,087 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $363,536$442,087
I-11 Other revenue$0
I-12 Total revenuePrior year $363,536$442,087
I-13 Grants and similar amounts paidPrior year $192,044$191,294
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $107,044$108,992
I-18 Total expensesPrior year $299,088$300,286
I-19 Revenue less expensesPrior year $64,448$141,801
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $442,087 across 3 lines filed
VIII-3 Investment incomeRelated to mission $119,728$119,728
VIII-7 Net gain or loss on sales of assetsRelated to mission $322,359$322,359
VIII-12 Total revenueRelated to mission $442,087$442,087
Part IX · Statement of functional expenses $300,286 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $191,294$191,294
IX-11c Accounting feesManagement $1,335$1,335
IX-24 Other expenses (24a–d)Management $107,657$107,657
IX-25 Total functional expensesPrograms $191,294 · Management $108,992 · Fundraising $0$300,286
Part X · Balance sheet $6,774,656 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,060$1,277
X-2 Savings and temporary cash investmentsStart of year $170,632$180,752
X-9 Prepaid expenses and deferred chargesStart of year $850,257$658,963
X-11 Publicly traded securitiesStart of year $5,578,093$5,933,664
X-16 Total assetsStart of year $6,601,042$6,774,656
X-24 Unsecured notes and loans payableStart of year $850,257$658,963
X-26 Total liabilitiesStart of year $850,257$658,963
X-27 Net assets without donor restrictionsStart of year $5,750,785$6,115,693
X-32 Total net assets or fund balancesStart of year $5,750,785$6,115,693
X-33 Total liabilities and net assetsStart of year $6,601,042$6,774,656
Part XI · Reconciliation of net assets $6,115,693 net assets at year end
XI-1 Total revenue$442,087
XI-2 Total expenses$300,286
XI-3 Revenue less expenses$141,801
XI-4 Net assets at start of year$5,750,785
XI-5 Net unrealized gains (losses) on investments$223,107
XI-10 Net assets at end of year$6,115,693

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

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