Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
98 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
1 person listed on the 990; $18K paid to officers and key staff.
Security State Bank & Trust’s $18K as Trustee is at the 17th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Security State Bank & Trust | $18,401 | $16,420 | $15,714 | $16,497 | $15,554 |
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.
See Laddie J Hendricks Charitable Trust executive salaries →Are you one of these people? Claim this org to confirm your role
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
Distributes net income annually to support the Salvation Army of Kerrville, Texas.
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To support the salvation army of kerrville, texas by means of an annual distribution of the net income of the trust, such net income being derived from investment activities. There are no other income generating activities or program services.
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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 | $138K | $132K |
| InvestmentsLn 11–13 | $820K | $872K |
| Total assetsLn 16 | $957K | $1.0M |
| LiabilitiesLn 26 | $55K | $58K |
| Net assetsLn 32 | $902K | $946K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $58K | $58K | ||
| Pay of current officers, directors and key staffLn 5 | $18K | $18K | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Total functional expensesLn 25 | $78K | $77K | $2K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $122K | $78K | $44K | $946K | 990 PDF |
| FY2024 | $73K | $73K | −$94 | $902K | 990 PDF |
| FY2023 | $79K | $76K | $3K | $902K | 990 PDF |
| FY2022 | $57K | $72K | −$15K | $900K | 990 PDF |
| FY2021 | $34K | $67K | −$33K | $915K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $121,893 across 3 lines filed
Part IX · Statement of functional expenses $78,249 across 3 lines filed
Part X · Balance sheet $1,004,215 assets, 7 lines filed
Part XI · Reconciliation of net assets $945,867 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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