Hunt Methodist Foundation INC FY2021 filing

Tax-deductible

Hunt, TX501(c)(3)Since 1989EIN 74-2215356Revenue $245K in FY2021

On file with the IRSPo Box 590, 78024-0590 · Hunt, TXTax-exempt since May 1982Publicly supported charity — 170(b)(1)(A)(vi)

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Building improvements to the Hunt united Methodist church.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
6 of 6
filings with a surplus
Average surplus $178K a year · 73% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$245K
+80% vs prior year
Spent
$51K
To programs
69%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$245K
FY2021▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020$136K
FY2021$245K
FY2022$147K
FY2023$142K
FY2024$258K
FY2025$534K
Expenses
$51K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$54K
FY2021$51K
FY2022$82K
FY2023$51K
FY2024$66K
FY2025$92K
Net assets
$2.6M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.6M
FY2023$2.7M
FY2024$2.9M
FY2025$3.3M

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
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 May 1982.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $35K Management & general 31% · $16K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Sec-Treas
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hunt Methodist 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

Constructs improvements for the Hunt United Methodist Church.

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Provided by the organization

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1 program · $35K · in their own filed words · FY2021
01

Hunt united methodist church fund.

$35Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$245K
Ln 12
Investment incomeLn 3$245K
Gifts and grantsLn 1h$85
Money outPt IX
$51K
Ln 25
Programscol B$35K
Managementcol C$16K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$85
Investment incomeLn 3$245K
Gains on assetsLn 7$165K
Total revenueLn 12$245K
Assets in detailPt X, end of year
SavingsLn 2$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$2.6M
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
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$6K$5K
InvestmentsLn 11–13$2.4M$2.6M
Total assetsLn 16$2.4M$2.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.4M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$50K$35K$15K
Total functional expensesLn 25$51K$35K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $534K$92K$442K$3.3M 990 PDF
FY2024 $258K$66K$192K$2.9M 990 PDF
FY2023 $142K$51K$91K$2.7M 990 PDF
FY2022 $147K$82K$66K$2.6M 990 PDF
FY2021 Viewing $245K$51K$194K$2.6M 990 PDF
FY2020 $136K$54K$83K$2.4M 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 FY2021 990 (6 parts)
Part I · Summary $245,068 revenue, 12 lines filed
I-8 Contributions and grants$85
I-9 Program service revenue$0
I-10 Investment incomePrior year $136,237$244,983
I-11 Other revenue$0
I-12 Total revenuePrior year $136,237$245,068
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $53,628$51,080
I-18 Total expensesPrior year $53,628$51,080
I-19 Revenue less expensesPrior year $82,609$193,988
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $245,068 across 5 lines filed
VIII-1f All other contributions, gifts and grants$85
VIII-1h Total contributions, gifts and grants$85
VIII-3 Investment incomeExcluded from tax $79,520$79,520
VIII-7 Net gain or loss on sales of assetsExcluded from tax $165,463$165,463
VIII-12 Total revenueExcluded from tax $244,983$245,068
Part IX · Statement of functional expenses $51,080 across 2 lines filed
IX-11c Accounting feesManagement $1,200$1,200
IX-11g Other fees for servicesPrograms $35,108 · Management $14,772$49,880
IX-25 Total functional expensesPrograms $35,108 · Management $15,972 · Fundraising $0$51,080
Part X · Balance sheet $2,558,807 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $6,190$5,075
X-11 Publicly traded securitiesStart of year $2,358,629$2,553,732
X-16 Total assetsStart of year $2,364,819$2,558,807
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,364,819$2,558,807
X-32 Total net assets or fund balancesStart of year $2,364,819$2,558,807
X-33 Total liabilities and net assetsStart of year $2,364,819$2,558,807
Part XI · Reconciliation of net assets $2,558,807 net assets at year end
XI-1 Total revenue$245,068
XI-2 Total expenses$51,080
XI-3 Revenue less expenses$193,988
XI-4 Net assets at start of year$2,364,819
XI-10 Net assets at end of year$2,558,807

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

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