Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1976.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
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
2 people listed on the 990; $175K paid to officers and key staff.
Walter Teague IV’s $149K as Executive Director is at the 65th percentile of top reported officer pay among 1683 $1–10M mental health 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Walter Teague IV | $148,752 | $129,634 | $120,289 | $129,975 | $119,067 |
| Lora Teague | $70,053 | $57,971 | $54,723 | $61,563 | $59,084 |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
How Foundation INC is a mental health nonprofit based in Universal Cty, TX.
Questions for How Foundation INC
Your first name shows with your question. How Foundation INC answers here, for everyone.
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Gave over 200 substance abusers support and skills to develop the proper work habits, communication skills, and physical and mental health necessary to enter the community as drug-free, productive citizens.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $536K | $472K |
| Land, buildings, equipmentLn 10c | $475K | $446K |
| Total assetsLn 16 | $1.1M | $960K |
| LiabilitiesLn 26 | $543K | $663K |
| Net assetsLn 32 | $514K | $297K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $175K | $35K | $140K | |
| Other salaries and wagesLn 7 | $590K | $590K | ||
| Payroll taxesLn 10 | $59K | $48K | $12K | |
| Legal feesLn 11b | $40K | $32K | $8K | |
| Accounting feesLn 11c | $9K | $7K | $2K | |
| Advertising and promotionLn 12 | $331K | $331K | ||
| Office expensesLn 13 | $9K | $7K | $2K | |
| Information technologyLn 14 | $12K | $9K | $2K | |
| OccupancyLn 16 | $153K | $153K | ||
| TravelLn 17 | $2K | $2K | ||
| InterestLn 20 | $33K | $33K | ||
| Depreciation, depletion and amortizationLn 22 | $515K | $412K | $103K | |
| InsuranceLn 23 | $256K | $256K | ||
| Other expenses (24a–d)Ln 24 | $1.4M | $1.4M | $13K | |
| All other expensesLn 24e | $129K | $128K | $1K | |
| Total functional expensesLn 25 | $3.7M | $3.4M | $282K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.1M | $4.3M | −$166K | $468K | 990 PDF |
| FY2023 | $4.1M | $3.8M | $327K | $624K | 990 PDF |
| FY2022 Viewing | $3.5M | $3.7M | −$217K | $297K | 990 PDF |
| FY2021 | $3.5M | $3.5M | $31K | $514K | 990 PDF |
| FY2020 | $2.9M | $2.8M | $105K | $483K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $3,473,358 revenue, 12 lines filed
Part VI · Governance 2 of 2 board members independent, 5 to look at
Part VIII · Statement of revenue $3,473,358 across 6 lines filed
Part IX · Statement of functional expenses $3,689,960 across 15 lines filed
Part X · Balance sheet $960,279 assets, 11 lines filed
Part XI · Reconciliation of net assets $297,090 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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