Laddie J Hendricks Charitable Trust

Tax-deductible

Kerrville, TX501(c)(3)Foundations & GrantmakersEIN 74-2966624

Support the salvation army of kerrville, texas by annual distribution of the trust's net income.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$18K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
2 of 5
filings with a surplus
Average deficit $379 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 24% of spending
Top officer’s pay lower than 83% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 20.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$58K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 2 voting members
Fine: 1 of 2 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
+68% vs prior year
Spent
$78K
To programs
98%
Net assets
$946K
By yearFY2021–FY2025
Revenue
$122K
FY2025▲ +68%
Revenue by fiscal year
FY2021$34K
FY2022$57K
FY2023$79K
FY2024$73K
FY2025$122K
Expenses
$78K
FY2025▲ +8%
Expenses by fiscal year
FY2021$67K
FY2022$72K
FY2023$76K
FY2024$73K
FY2025$78K
Net assets
$946K
FY2025▲ +5%
Net assets by fiscal year
FY2021$915K
FY2022$900K
FY2023$902K
FY2024$902K
FY2025$946K

From the FY2025 Form 990 (year ending July 2025) · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CLaddie J Hendricks Charitable Trust
EINHdr · item D74-2966624
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2002
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CKerrville, TX
NTEE classificationIRS BMFFoundations & Grantmakers (T300)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$77K
Management & general2%$2K
Total functional expensesLn 25$78K

Financial health

Is it on solid ground?

Net inflow
+36%
revenue over expenses, this year▲ ×279 vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
98%
of expenses reach stated programs+0.1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$1.0M
FY2025▲ +5%
Total assets by fiscal year
FY2021$965K
FY2022$954K
FY2023$961K
FY2024$957K
FY2025$1.0M
Total liabilities
$58K
FY2025▲ +6%
Total liabilities by fiscal year
FY2021$50K
FY2022$54K
FY2023$59K
FY2024$55K
FY2025$58K
Revenue less expensesPt I · Ln 19$44K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 41

Balance Sheet

Part X · end of year
CashLn 1$132K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$58K
Total net assetsLn 32$946K
Months of cash on handcomputed20.2

Statement of Revenue

Part VIII
Investment income100%$122K
Total revenueLn 12$122K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $78K
154.0 months
Where the money goes
Program services
Program services $77K · Total expenses $78K
98%
Management & General
Management & general $2K · Total expenses $78K
2%
Fundraising
Fundraising $0 · Total expenses $78K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $122K
0%
Government reliance
Government grants — · Total revenue $122K
—
Earned-income share
Program service revenue $0 · Total revenue $122K
0%
Investment reliance
Investment income $122K · Total revenue $122K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $78K
0%
Growth & trend
Revenue growth (YoY)
This year $122K · Prior year $73K
+68%
Revenue CAGR
FY2020 $34K · FY2024 $122K
+37%
Net-asset trend (YoY)
End of year $946K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $122K · Expenses $78K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $946K · Total assets $1.0M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $872K · Total assets (Pt X, ln 16) $1.0M
87%
People & payroll
Highest Reported Total Compensation
Individual Security State Bank & Trust · Reported title TRUSTEE · Highest reported compensation $18K · Total expenses $78K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $18K · Total expenses $78K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Revenue growth 68%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$18,401Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
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.

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Governance & Policies

Part VI
  • 2Voting board membersPt VI · Ln 1a
  • 1Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Distributes net income annually to support the Salvation Army of Kerrville, Texas.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $77K of program spending, described in the organization's own filed words · FY2024.
01

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.

$77Kprogram expense

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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 · 5 grants · $277K · 2020–2024
The Salvation ArmyGA · FY2024$58,348
The Salvation ArmyGA · FY2023$54,829
The Salvation ArmyGA · FY2022$58,987
The Salvation ArmyGA · FY2021$54,462
The Salvation ArmyGA · FY2020$50,288

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $122K$78K+68% 990 PDF
FY2024 $73K$73K-8% 990 PDF
FY2023 $79K$76K+37% 990 PDF
FY2022 $57K$72K+67% 990 PDF
FY2021 $34K$67K 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

Full filing: Form 990 for FY2025

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $78,249 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $58,348$58,348
IX-5 Pay of current officers, directors and key staffPrograms $18,401$18,401
IX-11c Accounting feesManagement $1,500$1,500
IX-25 Total functional expensesPrograms $76,749 · Management $1,500 · Fundraising $0$78,249

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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