Ch Foundation INC FY2023 filing

Tax-deductible

Lubbock, TX501(c)(3)EIN 75-1534816

501(c)(3) charity; gifts are tax-deductible.
$328K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2023 · Form 990-PFIndependent: 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-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $5.4M a year · 44% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$328K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28.1M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.3M
-21% vs prior year
Spent
$12.7M
Net assets
$147.7M
By yearFY2020–FY2024
Revenue
$8.3M
FY2023▼ -21%
Revenue by fiscal year
FY2020$8.4M
FY2021$21.9M
FY2022$10.4M
FY2023$8.3M
FY2024$12.0M
Expenses
$12.7M
FY2023▼ -65%
Expenses by fiscal year
FY2020$11.5M
FY2021$14.6M
FY2022$36.3M
FY2023$12.7M
FY2024$13.1M
Net assets
$147.7M
FY2023▼ -2%
Net assets by fiscal year
FY2020$168.1M
FY2021$176.2M
FY2022$151.4M
FY2023$147.7M
FY2024$147.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1979.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 64% · $8.1M Operating & administrative 36% · $4.6M

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

Who runs it and what they're paid

10 people listed on the 990-PF; $328K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2023 filing did not itemize Part VII
Exective Dir
$139,832Pt VII · Sec A
CFO/Treasure
$89,100Pt VII · Sec A
Grant Admin/
$89,100Pt VII · Sec A
$2,000Pt VII · Sec A
$2,000Pt VII · Sec A
$2,000Pt VII · Sec A
President/Tr
$2,000Pt VII · Sec A
Trustee/VP
$2,000Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2021
Sandy Ogletree$159,180$139,832
Cheryl Sanford$104,667$89,100
Heather Hocker$98,982$89,100
Kay Sanford—$2,000
Kevin G McMahon—$2,000
Kathy Gilbreath—$2,000
Mark Griffin—$2,000
Suzanne Blake—$2,000

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 Ch Foundation INC executive salaries →

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Programs and updates

A private foundation based in Lubbock, TX.

Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 91 grants · $9.8M · 2024–2024
Lubbock Entertainment and PerforminFY2024$1,326,510
South Plains CollegeFY2024$1,000,000
Goodwill Industries of Northwest TeFY2024$650,000
Talkington College of Visual and PeFY2024$600,000
Lubbock Entertainment and PerforminFY2024$502,000
Covenant Health Foundation INCMA · FY2024$500,000
Louise Hopkins Underwood Center forFY2024$500,000
Levelland Wallace TheaterTX · FY2024$416,666
School of Medicineendowed ChairFY2024$300,000
Lubbock Area United Way INCTX · FY2024$250,000
Guadalupe-Parkway CentersFY2024$240,000
University Medical Center FoundatioFY2024$200,000
Goodwill Industries of Northwest TeFY2024$175,000
Early Learning CentersFY2024$165,000
Davis College - Ranch Management PRFY2024$147,834
Guadalupe-Parkway CentersFY2024$142,400
Lubbock Area United Way INCTX · FY2024$140,000
See all 91 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV28
Average grantPart XV$108K
Median grantPart XV$40K
Largest grantPart XV$1.3M
Top cause focusNTEEArts & Culture (18%)

By the numbers

The FY2023 990-PF, line by line.

1The main four
Money in
$8.3M
Other income$5.0M
Investment income$3.3M
Money out
$12.7M
Grants paid$8.1M
Running costs$4.6M
Owns and owes
$147.7M
net assets
Cash and savings$750K
Total assets$175.8M
Liabilities$28.1M
People
10
listed
Paid8
2In more detail
Revenue in detail
Investment income$3.3M
Other income$5.0M
Total revenue$8.3M
Assets in detailEnd of year
Cash and savings together$750K
Total assets$175.8M
Liabilities$28.1M
Net assets$147.7M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $12.0M$13.1M−$1.1M$147.2M 990 PDF
FY2023 Viewing $8.3M$12.7M−$4.4M$147.7M 990 PDF
FY2022 $10.4M$36.3M−$25.9M$151.4M 990 PDF
FY2021 $21.9M$14.6M$7.4M$176.2M 990 PDF
FY2020 $8.4M$11.5M−$3.1M$168.1M 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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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