Visit Granbury INC

IRS exemption revoked

Granbury, TXUnknown exempt organizationEIN 47-5119615

On file with the IRSvisitgranbury.com116 W Bridge St · Granbury, TX

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FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2019
latest Form 990
Concern: the latest return is for FY2019, 7 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$12K
To programs
0%
Net assets
$0

From the FY2019 Form 990 (year ending September 2019) · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on February 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2019.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $12K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2018); the FY2019 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Visit Granbury 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

Visit Granbury INC is a nonprofit organization based in Granbury, TX.

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Provided by the organization

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1 program · in their own filed words · FY2018
01

To promote and encourage the development of granbury and the surrounding area.

Pt IX · col B

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$12K
Ln 25
Managementcol C$12K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
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 FY19End FY19
Total assetsLn 16$327K$0
LiabilitiesLn 26$85K$0
Net assetsLn 32$243K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$12K$12K
Total functional expensesLn 25$12K$0$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2019 Latest Viewing $0$12K−$12K$0 990 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 FY2019 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $598,659$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $598,659$0
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $298,852$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $434,528$12,466
I-18 Total expensesPrior year $733,380$12,466
I-19 Revenue less expensesPrior year −$134,721−$12,466
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $12,466 across 1 line filed
IX-22 Depreciation, depletion and amortizationManagement $12,466$12,466
IX-25 Total functional expensesPrograms $0 · Management $12,466 · Fundraising $0$12,466
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $327,472$0
X-26 Total liabilitiesStart of year $84,595$0
X-32 Total net assets or fund balancesStart of year $242,877$0
X-33 Total liabilities and net assetsStart of year $327,472$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$12,466
XI-3 Revenue less expenses−$12,466
XI-4 Net assets at start of year$242,877
XI-9 Other changes in net assets−$230,411
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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