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Tmta Foundation FY2021 filing

Tax-deductible

Austin, TX501(c)(3)Since 1978 EIN 74-2011910Revenue $460K in FY2021

On file with the IRStexastrucking.comPo Box 6429, 78762-6429 · Austin, TXTax-exempt since Feb 1979Publicly supported charity — 170(b)(1)(A)(vi)

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Dispense scholarships and conduct educational activities.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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 $46K a year · 14% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Plus $1.9M in investments, Pt X · Ln 11–13
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$55K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$460K
+136% vs prior year
Spent
$238K
To programs
75%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$460K
FY2021▲ +136%
Tap a bar for its year
Revenue by fiscal year
FY2020$195K
FY2021$460K
FY2022$345K
FY2023$165K
FY2024$316K
FY2025$413K
Expenses
$238K
FY2021▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$224K
FY2021$238K
FY2022$287K
FY2023$303K
FY2024$279K
FY2025$287K
Net assets
$2.0M
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$1.5M
FY2023$1.9M
FY2024$2.2M
FY2025$2.4M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1979.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $179K Management & general 23% · $54K Fundraising 2% · $5K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Wynne Breeden JR
Vice-Chairman
$0Pt VII · Sec A
Bob McDowell
Secretary-Treasurer
$0Pt VII · Sec A
Craig Barker
Committee Member
$0Pt VII · Sec A
Kirsten Barringer
Committee Member
$0Pt VII · Sec A
John Craddock
Committee Member
$0Pt VII · Sec A
Jay Ferguson
Committee Member
$0Pt VII · Sec A
John Greene
Committee Member
$0Pt VII · Sec A
See Tmta Foundation 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

Provides scholarships and educational programs to support students.

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Provided by the organization

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1 program · $179K · in their own filed words · FY2021
01

The foundation funds scholarships to recipients related to the trucking industry by investing amounts raised at annual fundraisers.

$179Kprogram 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 · FY2024
Rex and Marillyn Lee King Family FoundationFY2024$25K
Total grants receivedfrom 1 funder$25K
Grants paid · 6 grants · $1.1M · 2020–2025
Unitemized GrantFY2025$195,000
Unitemized GrantFY2024$179,154
Unitemized GrantFY2023$231,245
Unitemized GrantFY2022$198,500
Unitemized GrantFY2021$168,625
Unitemized GrantFY2020$124,500

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$460K
Ln 12
Gifts and grantsLn 1h$310K
Investment incomeLn 3$196K
Money outPt IX
$238K
Ln 25
Programscol B$179K
Managementcol C$54K
Fundraisingcol D$5K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$2.1M
LiabilitiesLn 26$55K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$310K
Fundraising eventsLn 1c$192K
Investment incomeLn 3$196K
Gains on assetsLn 7$170K
Total revenueLn 12$460K
Assets in detailPt X, end of year
SavingsLn 2$135K
Cash and savings togetherLn 1–2$135K
InvestmentsLn 11–13$1.9M
Other assetsLn 15$9K
Total assetsLn 16$2.1M
LiabilitiesLn 26$55K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$15K$135K
InvestmentsLn 11–13$1.7M$1.9M
Total assetsLn 16$1.9M$2.1M
LiabilitiesLn 26$67K$55K
Net assetsLn 32$1.8M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$169K$169K
Management feesLn 11a$37K$0$32K$5K
Investment management feesLn 11f$18K$0$18K$0
Advertising and promotionLn 12$10K$10K$0$0
Office expensesLn 13$770$0$770$0
Conferences, conventions and meetingsLn 19$4K$0$4K$0
Total functional expensesLn 25$238K$179K$54K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $413K$287K$125K$2.4M 990 PDF
FY2024 $316K$279K$37K$2.2M 990 PDF
FY2023 $165K$303K−$138K$1.9M 990 PDF
FY2022 $345K$287K$58K$1.5M 990 PDF
FY2021 Viewing $460K$238K$222K$2.0M 990 PDF
FY2020 $195K$224K−$30K$1.8M 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $459,874 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $93,319$309,590
I-9 Program service revenue$0
I-10 Investment incomePrior year $80,443$195,723
I-11 Other revenuePrior year $20,882−$45,439
I-12 Total revenuePrior year $194,644$459,874
I-13 Grants and similar amounts paidPrior year $124,500$168,625
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $99,659$69,607
I-18 Total expensesPrior year $224,159$238,232
I-19 Revenue less expensesPrior year −$29,515$221,642
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $459,874 across 9 lines filed
VIII-1b Membership dues$7,979
VIII-1c Fundraising events$191,873
VIII-1f All other contributions, gifts and grants$301,611
VIII-1h Total contributions, gifts and grants$309,590
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $25,544$25,544
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $170,179$170,179
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$49,161−$49,161
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,722 · Unrelated business $0 · Excluded from tax $0$3,722
VIII-12 Total revenueRelated to mission $3,722 · Unrelated business $0 · Excluded from tax $146,562$459,874
Part IX · Statement of functional expenses $238,232 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $168,625$168,625
IX-11a Management feesPrograms $0 · Management $31,500 · Fundraising $5,345$36,845
IX-11f Investment management feesPrograms $0 · Management $18,032 · Fundraising $0$18,032
IX-12 Advertising and promotionPrograms $10,000 · Management $0 · Fundraising $0$10,000
IX-13 Office expensesPrograms $0 · Management $770 · Fundraising $0$770
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $3,960 · Fundraising $0$3,960
IX-25 Total functional expensesPrograms $178,625 · Management $54,262 · Fundraising $5,345$238,232
Part X · Balance sheet $2,074,985 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $15,374$134,525
X-4 Accounts receivableStart of year $15,683$5,940
X-9 Prepaid expenses and deferred chargesStart of year $7,015$15,000
X-11 Publicly traded securitiesStart of year $1,717,906$1,910,931
X-15 Other assetsStart of year $20,930$8,589
X-16 Total assetsStart of year $1,850,010$2,074,985
X-17 Accounts payable and accrued expensesStart of year $30,915$47,875
X-25 Other liabilitiesStart of year $36,302$7,333
X-26 Total liabilitiesStart of year $67,217$55,208
X-27 Net assets without donor restrictionsStart of year $1,782,793$1,964,319
X-28 Net assets with donor restrictions$55,458
X-32 Total net assets or fund balancesStart of year $1,782,793$2,019,777
X-33 Total liabilities and net assetsStart of year $1,850,010$2,074,985
Part XI · Reconciliation of net assets $2,019,777 net assets at year end
XI-1 Total revenue$459,874
XI-2 Total expenses$238,232
XI-3 Revenue less expenses$221,642
XI-4 Net assets at start of year$1,782,793
XI-5 Net unrealized gains (losses) on investments$15,342
XI-10 Net assets at end of year$2,019,777

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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