Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
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
15 people listed on the 990; $26K paid to officers and key staff.
Thomas Webb’s $26K as Executive Director is at the 17th percentile of top reported officer pay among 1979 $100K–1M health care 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Thomas Webb | $26,450 | $24,500 | — | — |
| Thomas H Webb JR | — | — | $24,000 | $10,000 |
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.
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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
Improves healthcare access, quality, and education in Western Arkansas and Eastern Oklahoma.
Questions for The Degen Foundation
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The organization was formed to administer gifts in support of sparks health system and to promote the healthcare services of sparks health system as a supporting organization. Sparks health system assets were sold 11/30/2009 and the organization will assist in distributing, when needed, the proceeds from the sale in support of charitable…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $247K | $385K |
| InvestmentsLn 11–13 | $13.5M | $14.4M |
| Total assetsLn 16 | $14.3M | $14.8M |
| LiabilitiesLn 26 | $30K | $30K |
| Net assetsLn 32 | $14.3M | $14.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $700K | $700K | ||
| Grants to domestic individualsLn 2 | $54K | $54K | ||
| Management feesLn 11a | $80K | $80K | ||
| Accounting feesLn 11c | $5K | $5K | ||
| Investment management feesLn 11f | $49K | $49K | ||
| Office expensesLn 13 | $2K | $2K | ||
| TravelLn 17 | $77 | $77 | ||
| InsuranceLn 23 | $15K | $15K | ||
| Other expenses (24a–d)Ln 24 | $761 | $761 | ||
| Total functional expensesLn 25 | $907K | $755K | $152K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $966K | $907K | $59K | $14.8M | 990 PDF |
| FY2024 | $489K | $1.2M | −$669K | $14.3M | 990 PDF |
| FY2023 | $774K | $588K | $186K | $13.8M | 990 PDF |
| FY2022 | $4.5M | $626K | $3.8M | $13.3M | 990 PDF |
| FY2021 | $926K | $545K | $382K | $14.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $965,767 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, 1 to look at
Part VIII · Statement of revenue $965,767 across 4 lines filed
Part IX · Statement of functional expenses $906,590 across 9 lines filed
Part X · Balance sheet $14,818,699 assets, 10 lines filed
Part XI · Reconciliation of net assets $14,788,471 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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