philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Kmfa Permanent Endowment Fund FY2021 filing

Tax-deductible

Austin, TX501(c)(3)EIN 74-2395464Revenue $136K in FY2021

On file with the IRSkmfa.org41 Navasota St, 78702-5340 · Austin, TXTax-exempt since Aug 1986Supporting organization — 509(a)(3)

This page gets seen. Tell your story. Claim this org.

To maintain the Permanent Endowment Fund established for its affiliate, capitol broadcasting association, INC (#74-6076827)

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

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $51K a year · 41% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$136K
×13 vs prior year
Spent
$72K
To programs
75%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$136K
FY2021▲ ×13
Tap a bar for its year
Revenue by fiscal year
FY2020−$12K
FY2021$136K
FY2022$67K
FY2023$80K
FY2024$359K
Expenses
$72K
FY2021▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$74K
FY2021$72K
FY2022$71K
FY2023$98K
FY2024$59K
Net assets
$1.6M
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.4M
FY2023$1.5M
FY2024$1.7M

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1986.

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% · $54K Management & general 25% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Lyon
Trustee, Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kmfa Permanent Endowment Fund executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Manages a permanent endowment fund for its affiliate.

Questions for Kmfa Permanent Endowment Fund

Tap to ask. Kmfa Permanent Endowment Fund sees how many people are interested.

Your first name shows with your question. Kmfa Permanent Endowment Fund answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $54K · in their own filed words · FY2021
01

To maintain the permanent endowment fund established for its affiliate, capitol broadcasting association, inc.

$54Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$5K
Texas Instruments FoundationFY2024$1K
Total grants receivedfrom 2 funders$6K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$136K
Ln 12
Investment incomeLn 3$113K
Gifts and grantsLn 1h$24K
Money outPt IX
$72K
Ln 25
Programscol B$54K
Managementcol C$18K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Investment incomeLn 3$113K
Gains on assetsLn 7$79K
Total revenueLn 12$136K
Assets in detailPt X, end of year
SavingsLn 2$28K
Cash and savings togetherLn 1–2$28K
InvestmentsLn 11–13$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$9K$28K
InvestmentsLn 11–13$1.4M$1.6M
Total assetsLn 16$1.4M$1.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$18K$18K
Payments to affiliatesLn 21$54K$54K
Total functional expensesLn 25$72K$54K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $359K$59K$301K$1.7M 990 PDF
FY2023 $80K$98K−$17K$1.5M 990 PDF
FY2022 $67K$71K−$5K$1.4M 990 PDF
FY2021 Viewing $136K$72K$64K$1.6M 990 PDF
FY2020 −$12K$74K−$86K$1.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $136,300 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,558$23,695
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$16,944$112,605
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year −$12,386$136,300
I-13 Grants and similar amounts paidPrior year $0$0
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 $74,057$71,859
I-18 Total expensesPrior year $74,057$71,859
I-19 Revenue less expensesPrior year −$86,443$64,441
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 $136,300 across 5 lines filed
VIII-1f All other contributions, gifts and grants$23,695
VIII-1h Total contributions, gifts and grants$23,695
VIII-3 Investment incomeExcluded from tax $33,907$33,907
VIII-7 Net gain or loss on sales of assetsRelated to mission $78,698$78,698
VIII-12 Total revenueRelated to mission $78,698 · Unrelated business $0 · Excluded from tax $33,907$136,300
Part IX · Statement of functional expenses $71,859 across 2 lines filed
IX-11f Investment management feesManagement $17,764$17,764
IX-21 Payments to affiliatesPrograms $54,095$54,095
IX-25 Total functional expensesPrograms $54,095 · Management $17,764 · Fundraising $0$71,859
Part X · Balance sheet $1,599,634 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $8,718$27,766
X-11 Publicly traded securitiesStart of year $796,319$971,169
X-12 Other securitiesStart of year $594,217$600,699
X-16 Total assetsStart of year $1,399,254$1,599,634
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $1,399,254$1,599,634
X-32 Total net assets or fund balancesStart of year $1,399,254$1,599,634
X-33 Total liabilities and net assetsStart of year $1,399,254$1,599,634
Part XI · Reconciliation of net assets $1,599,634 net assets at year end
XI-1 Total revenue$136,300
XI-2 Total expenses$71,859
XI-3 Revenue less expenses$64,441
XI-4 Net assets at start of year$1,399,254
XI-5 Net unrealized gains (losses) on investments$131,081
XI-9 Other changes in net assets$4,858
XI-10 Net assets at end of year$1,599,634

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.