At Fort Worth Colonial Charities, we are dedicated to empowering the next generation through innovative educational, athletic, and enrichment programs supported by our investment. We believe in fostering not just skills, but confidence and teamwork through sports and enrichment activities.we will provide impactful and unwavering support to our military veterans so that the sacrifices of those who have served our country are honored through meaningful connections and resources with an emphasis on improving the veteran's quality of life.together, we can nurture a legacy of compassion.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 15 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $94K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$186K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$401K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-6% vs prior year
Spent
$1.1M
To programs
67%
Net assets
$596K
By yearFY2020–FY2025
Revenue
$1.1M
FY2025▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$679K
FY2021$493K
FY2022$900K
FY2023$740K
FY2024$1.1M
FY2025$1.1M
Expenses
$1.1M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$427K
FY2021$530K
FY2022$447K
FY2023$942K
FY2024$1.0M
FY2025$1.1M
Net assets
$596K
FY2025+0.1%
Tap a bar for its year
Net assets by fiscal year
FY2020$284K
FY2021$246K
FY2022$699K
FY2023$497K
FY2024$595K
FY2025$596K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $721K Management & general 12% · $129K Fundraising 21% · $224K

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

6 people listed on the 990; $186K paid to officers and key staff.

Part VII, Section A · reportable compensation
$186,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President and Treasurer
$0Pt VII · Sec A
Vice President and Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Fort Worth Colonial Charities INC (fka Bfc Colonial 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 15aYes

Programs and updates

Boosts local charities' fundraising through PGA Tour event exposure.

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Provided by the organization

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1 program · $721K · in their own filed words · FY2025
01

The organization provides an opportunity for other charitable organizations in tarrant county to utilize the awareness and magnitude of a pga tour event to further grant-making.

$721Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$28K
Grants paid · 219 grants · $2.7M · 2020–2025
University of North Carolina Athletic AssociationFY2025$15,000
GatehouseTX · FY2025$12,826
Gill Childrens Services INCTX · FY2025$11,013
The Ben Hogan FoundationTX · FY2025$10,000
Recovery Resource CouncilTX · FY2025$9,891
Camp Fire First TexasTX · FY2025$8,687
A Wish with Wings INCTX · FY2025$8,659
See all 219 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$677K
Fees for servicesLn 2g$305K
Other incomeLn 4–11$92K
Money outPt IX
$1.1M
Ln 25
Programscol B$721K
Managementcol C$129K
Fundraisingcol D$224K
Owns and owesPt X
$596K
net assets · Ln 32
Cash and savingsLn 1–2$867K
Total assetsLn 16$996K
LiabilitiesLn 26$401K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$677K
Noncash giftsLn 1g$20K
Fundraising eventsLn 1c$171K
Fees for servicesLn 2g$305K
Other incomeLn 4–11$92K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$617K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$867K
Total assetsLn 16$996K
LiabilitiesLn 26$401K
Net assetsLn 32$596K
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$645K$867K
Total assetsLn 16$656K$996K
LiabilitiesLn 26$61K$401K
Net assetsLn 32$595K$596K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$406K$406K
Pay of current officers, directors and key staffLn 5$217K$14K$83K$120K
Payroll taxesLn 10$14K$879$5K$8K
Legal feesLn 11b$3K$3K
Other fees for servicesLn 11g$8K$500$6K$2K
Advertising and promotionLn 12$22K$1K$9K$12K
Office expensesLn 13$11K$3K$4K$4K
Information technologyLn 14$2K$1K$400
OccupancyLn 16$16K$9K$7K
TravelLn 17$7K$100$7K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$365K$296K$6K$63K
Total functional expensesLn 25$1.1M$721K$129K$224K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$1.1M$818$596K 990 PDF
FY2024 $1.1M$1.0M$98K$595K 990 PDF
FY2023 $740K$942K−$202K$497K 990 PDF
FY2022 $900K$447K$453K$699K 990 PDF
FY2021 $493K$530K−$38K$246K 990 PDF
FY2020 $679K$427K$252K$284K 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,073,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $561,160$676,927
I-9 Program service revenuePrior year $460,087$304,676
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $119,486$92,268
I-12 Total revenuePrior year $1,140,733$1,073,871
I-13 Grants and similar amounts paidPrior year $539,750$405,941
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$231,030
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $503,455$436,082
I-18 Total expensesPrior year $1,043,205$1,073,053
I-19 Revenue less expensesPrior year $97,528$818
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,073,871 across 7 lines filed
Lines not itemized here account for $1,677 of total revenue; see the IRS return.
VIII-1c Fundraising events$171,025
VIII-1f All other contributions, gifts and grants$505,902
VIII-1g Noncash contributions (included above)$19,835
VIII-1h Total contributions, gifts and grants$676,927
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $223,538 · Unrelated business $81,138$304,676
VIII-8 Net income from fundraising eventsExcluded from tax $90,591$90,591
VIII-12 Total revenueRelated to mission $225,215 · Unrelated business $81,138 · Excluded from tax $90,591$1,073,871
Part IX · Statement of functional expenses $1,073,053 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $405,941$405,941
IX-5 Pay of current officers, directors and key staffPrograms $13,561 · Management $83,449 · Fundraising $119,958$216,968
IX-10 Payroll taxesPrograms $879 · Management $5,408 · Fundraising $7,775$14,062
IX-11b Legal feesManagement $2,818$2,818
IX-11g Other fees for servicesPrograms $500 · Management $5,620 · Fundraising $2,130$8,250
IX-12 Advertising and promotionPrograms $1,174 · Management $9,326 · Fundraising $11,875$22,375
IX-13 Office expensesPrograms $2,652 · Management $3,629 · Fundraising $4,385$10,666
IX-14 Information technologyManagement $1,243 · Fundraising $400$1,643
IX-16 OccupancyManagement $8,900 · Fundraising $7,462$16,362
IX-17 TravelManagement $100 · Fundraising $6,510$6,610
IX-23 InsuranceManagement $2,138$2,138
IX-24 Other expenses (24a–d)Programs $295,850 · Management $6,081 · Fundraising $63,289$365,220
IX-25 Total functional expensesPrograms $720,557 · Management $128,712 · Fundraising $223,784$1,073,053
Part X · Balance sheet $996,397 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $645,005$616,815
X-2 Savings and temporary cash investments$250,000
X-4 Accounts receivableStart of year $10,800$46,262
X-9 Prepaid expenses and deferred charges$83,320
X-16 Total assetsStart of year $655,805$996,397
X-17 Accounts payable and accrued expensesStart of year $61,043$105,282
X-19 Deferred revenue$262,900
X-25 Other liabilitiesStart of year $0$32,635
X-26 Total liabilitiesStart of year $61,043$400,817
X-27 Net assets without donor restrictionsStart of year $248,725$298,913
X-28 Net assets with donor restrictionsStart of year $346,037$296,667
X-32 Total net assets or fund balancesStart of year $594,762$595,580
X-33 Total liabilities and net assetsStart of year $655,805$996,397
Part XI · Reconciliation of net assets $595,580 net assets at year end
XI-1 Total revenue$1,073,871
XI-2 Total expenses$1,073,053
XI-3 Revenue less expenses$818
XI-4 Net assets at start of year$594,762
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$595,580

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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