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Manor Park Foundation INC

Tax-deductible

Midland, TX501(c)(3)Foundations & GrantmakersEIN 47-0875829Revenue $5.2M in FY2025

On file with the IRSmanorparkinc.org2208 N Loop 250 W, 79707-6011 · Midland, TXTax-exempt since Sep 2003Supporting organization — 509(a)(3)

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The purpose of the Foundation is to support Manor Park, INC. By growing and developing the funds held for the benefit of Manor Park, INC., whose charitable purpose is the operation of a continuing care retirement community that provides quality housing and services for persons who are 62 years of age or older, without regard to the resident's ability to pay and which is open and available to all persons without regard to race, color creed or national origin.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 4 volunteers.
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
5 of 5
filings with a surplus
Average surplus $6.7M a year · 80% 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$613K
to officers and key staff · 21% of spending
Top officer’s pay higher than 93% of similar orgs
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
-15% vs prior year
Spent
$3.0M
To programs
81%
Net assets
$48.5M
By yearFY2021–FY2025
Revenue
$5.2M
FY2025▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2021$8.9M
FY2022$12.3M
FY2023$9.1M
FY2024$6.1M
FY2025$5.2M
Expenses
$3.0M
FY2025▲ +88%
Tap a bar for its year
Expenses by fiscal year
FY2021$586K
FY2022$1.4M
FY2023$1.6M
FY2024$1.6M
FY2025$3.0M
Net assets
$48.5M
FY2025▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2021$8.4M
FY2022$21.0M
FY2023$26.9M
FY2024$48.2M
FY2025$48.5M

From the FY2025 Form 990 (year ending May 2025) · 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 Sep 2003.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $2.4M Management & general 19% · $579K

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

10 people listed on the 990; $613K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Stephen Nelson
President & CEO
$275,995Pt VII · Sec A
$202,274Pt VII · Sec A
Amanda Ellis
Director of Fund Development
$134,844Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Guy McCrary
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Don Sparks
Trustee
$0Pt VII · Sec A

Stephen Nelson’s $276K as President & CEO is at the 93rd percentile of top reported officer pay among 1690 $1–10M 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.

See Manor Park Foundation 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

Grows funds to support a retirement community offering housing and services for seniors.

Questions for Manor Park Foundation INC

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Provided by the organization

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1 program · $2.4M · in their own filed words · FY2024
01

Distributions and pledges in support of manor park, inc.

$2.4Mprogram 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 · 4 grants · $4.0M · 2021–2024
Manor Park INCTX · FY2024$2,403,021
Manor Park INCTX · FY2023$715,278
Manor Park INCTX · FY2022$549,979
Manor Park INCTX · FY2021$376,249

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.2M
Ln 12
Other incomeLn 4–11$3.8M
Investment incomeLn 3$1.3M
Gifts and grantsLn 1h$600
Money outPt IX
$3.0M
Ln 25
Programscol B$2.4M
Managementcol C$579K
Owns and owesPt X
$48.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$49.5M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$600
Investment incomeLn 3$1.3M
Other incomeLn 4–11$3.8M
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$256K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$37.1M
Other assetsLn 15$10.5M
Total assetsLn 16$49.5M
LiabilitiesLn 26$1.0M
Net assetsLn 32$48.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderMay
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 FY25End FY25
Cash and savingsLn 1–2$1.3M$1.7M
InvestmentsLn 11–13$31.9M$37.1M
Total assetsLn 16$48.2M$49.5M
LiabilitiesLn 26$7K$1.0M
Net assetsLn 32$48.2M$48.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Investment management feesLn 11f$209K$209K
Other fees for servicesLn 11g$11K$11K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$353K$353K
Total functional expensesLn 25$3.0M$2.4M$579K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.2M$3.0M$2.2M$48.5M 990 PDF
FY2024 $6.1M$1.6M$4.5M$48.2M 990 PDF
FY2023 $9.1M$1.6M$7.5M$26.9M 990 PDF
FY2022 $12.3M$1.4M$10.9M$21.0M 990 PDF
FY2021 $8.9M$586K$8.4M$8.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $5,193,655 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250$600
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $923,090$1,347,568
I-11 Other revenuePrior year $5,158,183$3,845,487
I-12 Total revenuePrior year $6,081,523$5,193,655
I-13 Grants and similar amounts paidPrior year $715,278$2,403,021
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $870,546$579,009
I-18 Total expensesPrior year $1,585,824$2,982,030
I-19 Revenue less expensesPrior year $4,495,699$2,211,625
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $5,193,655 across 5 lines filed
VIII-1f All other contributions, gifts and grants$600
VIII-1h Total contributions, gifts and grants$600
VIII-3 Investment incomeExcluded from tax $1,347,568$1,347,568
VIII-5 RoyaltiesExcluded from tax $3,845,487$3,845,487
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,193,055$5,193,655
Part IX · Statement of functional expenses $2,982,030 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $2,403,021$2,403,021
IX-11f Investment management feesManagement $209,433$209,433
IX-11g Other fees for servicesManagement $11,211$11,211
IX-23 InsuranceManagement $5,745$5,745
IX-24 Other expenses (24a–d)Management $352,620$352,620
IX-25 Total functional expensesPrograms $2,403,021 · Management $579,009 · Fundraising $0$2,982,030
Part X · Balance sheet $49,524,928 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $48,315$255,582
X-2 Savings and temporary cash investmentsStart of year $1,231,992$1,401,680
X-4 Accounts receivableStart of year $778,352$244,555
X-12 Other securitiesStart of year $31,932,114$37,143,160
X-15 Other assetsStart of year $14,233,467$10,479,951
X-16 Total assetsStart of year $48,224,240$49,524,928
X-17 Accounts payable and accrued expensesStart of year $7,206$1,995
X-18 Grants payable$1,000,000
X-26 Total liabilitiesStart of year $7,206$1,001,995
X-27 Net assets without donor restrictionsStart of year $80,862$165,307
X-28 Net assets with donor restrictionsStart of year $48,136,172$48,357,626
X-32 Total net assets or fund balancesStart of year $48,217,034$48,522,933
X-33 Total liabilities and net assetsStart of year $48,224,240$49,524,928
Part XI · Reconciliation of net assets $48,522,933 net assets at year end
XI-1 Total revenue$5,193,655
XI-2 Total expenses$2,982,030
XI-3 Revenue less expenses$2,211,625
XI-4 Net assets at start of year$48,217,034
XI-5 Net unrealized gains (losses) on investments−$1,905,726
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$48,522,933

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

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