Poteet Lions INC

Not tax-deductible

Poteet, TX501(c)(4)Community Development EIN 74-2665524Revenue $246K in FY2024Latest return filed Jun 5, 2025

On file with the IRSPo Box 1057, 78065-1057 · Poteet, TXTax-exempt since Mar 2013

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Community service and support- the organization provides eye exams, glasses and awards scholarships and grants

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
19¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 3
filings with a surplus
Average surplus $33K a year · 21% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
19%
of spending
Concern: 19% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
29 mo
of spending, in cash
Looks good: 29.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$233K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$246K
+11% vs prior year
Spent
$145K
To programs
19%
Net assets
$585K
By yearFY2020–FY2024
Revenue
$246K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1K
FY2021$143K
FY2022$123K
FY2023$221K
FY2024$246K
Expenses
$145K
FY2024-0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$78K
FY2021Not on file
FY2022Not on file
FY2023$145K
FY2024$145K
Net assets
$585K
FY2024▲ +121%
Tap a bar for its year
Net assets by fiscal year
FY2020$114K
FY2021$92K
FY2022$182K
FY2023$265K
FY2024$585K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Revoked May 2010, reinstated. IRS ruling Mar 2013, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Mar 2013.

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

Where the money goes

19 cents of each dollar spent went to programs.

Program services 19% · $27K Management & general 72% · $105K Fundraising 9% · $13K

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

Something off? Claim to add context

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
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Poteet Lions INC executive salaries →

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 eye exams, glasses, scholarships, and grants to support the community.

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1 program · $27K · in their own filed words · FY2024
01

provided support to local community organizations and scholarships to local youth

$27Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $43K · 2020–2024
Unitemized GrantFY2024$4,500
Unitemized GrantFY2023$4,000
Unitemized GrantFY2023$4,000
Unitemized GrantFY2023$4,000
Unitemized GrantFY2020$16,500
GrantsFY2020$9,600

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$246K
Ln 12
Investment incomeLn 3$131K
Other incomeLn 4–11$90K
Gifts and grantsLn 1h$16K
Money outPt IX
$145K
Ln 25
Programscol B$27K
Managementcol C$105K
Fundraisingcol D$13K
Owns and owesPt X
$585K
net assets · Ln 32
Cash and savingsLn 1–2$354K
Total assetsLn 16$818K
LiabilitiesLn 26$233K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$8K
Investment incomeLn 3$131K
Other incomeLn 4–11$90K
Gains on assetsLn 7$0
Total revenueLn 12$246K
Assets in detailPt X, end of year
CashLn 1$354K
SavingsLn 2$0
Cash and savings togetherLn 1–2$354K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$464K
Other assetsLn 15$0
Total assetsLn 16$818K
LiabilitiesLn 26$233K
Net assetsLn 32$585K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
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 FY24End FY24
Cash and savingsLn 1–2$196K$354K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$254K$464K
Total assetsLn 16$451K$818K
LiabilitiesLn 26$186K$233K
Net assetsLn 32$265K$585K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$14K$14K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$7K$740$6K$739
Accounting feesLn 11c$2K$236$2K$236
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$5K$492$4K$492
Advertising and promotionLn 12$3K$303$2K$303
Office expensesLn 13$20K$2K$16K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$436$44$348$44
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$11K$1K$9K$1K
InsuranceLn 23$5K$450$4K$450
Other expenses (24a–d)Ln 24$48K$5K$39K$5K
All other expensesLn 24e$29K$3K$23K$3K
Total functional expensesLn 25$145K$27K$105K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jun 5, 2025 $246K$145K$101K$585K 990 PDF
FY2023Filed with the IRS Oct 15, 2024 $221K$145K$76K$265K 990 PDF
FY2022Filed with the IRS Sep 14, 2023 $123K$182K 990 PDF
FY2021Filed with the IRS Feb 15, 2023 $143K$92K 990 PDF
FY2020Filed with the IRS Jul 29, 2021 $1K$78K−$77K$114K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $245,545 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,186$16,246
I-9 Program service revenuePrior year $9,055$8,015
I-10 Investment incomePrior year $104,213$130,983
I-11 Other revenuePrior year $45,697$90,301
I-12 Total revenuePrior year $221,151$245,545
I-13 Grants and similar amounts paidPrior year $41,805$13,756
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $103,404$131,067
I-18 Total expensesPrior year $145,209$144,823
I-19 Revenue less expensesPrior year $75,942$100,722
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
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 $245,545 across 10 lines filed
Lines not itemized here account for $6,396 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$16,246
VIII-1h Total contributions, gifts and grants$16,246
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,015$8,015
VIII-3 Investment incomeRelated to mission $21 · Excluded from tax $130,962$130,983
VIII-5 Royalties$0
VIII-6 Net rental income or lossUnrelated business $64,745$64,745
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,580 · Excluded from tax $9,580$19,160
VIII-12 Total revenueRelated to mission $17,616 · Unrelated business $64,745 · Excluded from tax $146,938$245,545
Part IX · Statement of functional expenses $144,823 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $13,756$13,756
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $740 · Management $5,916 · Fundraising $739$7,395
IX-11c Accounting feesPrograms $236 · Management $1,887 · Fundraising $236$2,359
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $492 · Management $3,936 · Fundraising $492$4,920
IX-12 Advertising and promotionPrograms $303 · Management $2,428 · Fundraising $303$3,034
IX-13 Office expensesPrograms $1,953 · Management $15,628 · Fundraising $1,953$19,534
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $44 · Management $348 · Fundraising $44$436
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,148 · Management $9,182 · Fundraising $1,148$11,478
IX-23 InsurancePrograms $450 · Management $3,604 · Fundraising $450$4,504
IX-24 Other expenses (24a–d)Programs $4,813 · Management $38,504 · Fundraising $4,813$48,130
IX-24e All other expensesPrograms $2,928 · Management $23,421 · Fundraising $2,928$29,277
IX-25 Total functional expensesPrograms $26,863 · Management $104,854 · Fundraising $13,106$144,823
Part X · Balance sheet $818,193 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $196,208$353,970
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $254,417$464,223
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $450,625$818,193
X-17 Accounts payable and accrued expensesStart of year $185,542−$171
X-24 Unsecured notes and loans payable$233,418
X-26 Total liabilitiesStart of year $185,543$233,247
X-32 Total net assets or fund balancesStart of year $265,082$584,946
X-33 Total liabilities and net assetsStart of year $450,625$818,193
Part XI · Reconciliation of net assets $584,946 net assets at year end
XI-1 Total revenue$245,545
XI-2 Total expenses$144,823
XI-3 Revenue less expenses$100,722
XI-4 Net assets at start of year$265,082
XI-8 Prior period adjustments$219,142
XI-10 Net assets at end of year$584,946

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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