Fort Concho Foundation FY2024 filing

Tax-deductible

San Angelo, TX501(c)(3)EIN 75-1605975Revenue $57K in FY2024

On file with the IRSfortconcho.com630 S Oakes St, 76903-7013 · San Angelo, TXTax-exempt since Sep 1978Publicly supported charity — 170(b)(1)(A)(vi)

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Restoration of stables, acquisition of new mules, chirstmas celebration and normal operations and related projects.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
5 of 6
filings with a surplus
Average surplus $45K a year · 44% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
48 mo
of spending, in cash
Looks good: 47.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $37K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57K
+25% vs prior year
Spent
$38K
To programs
96%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$57K
FY2024▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$69K
FY2022$132K
FY2023$46K
FY2024$57K
FY2025$107K
Expenses
$38K
FY2024▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$124K
FY2021$34K
FY2022$36K
FY2023$55K
FY2024$38K
FY2025$49K
Net assets
$1.1M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$865K
FY2021$947K
FY2022$938K
FY2023$968K
FY2024$1.1M
FY2025$1.2M

From the FY2024 Form 990 (year ending September 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1978.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $36K Management & general 4% · $2K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Restores stables, acquires mules, and hosts Christmas celebrations for normal operations.

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Provided by the organization

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1 program · $36K · in their own filed words · FY2023
01

Purchase restoration items including books, wheels and uniforms, cavalry event and campaign study

$36Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$37K
Grants paid · 1 grant · $15K · 2019–2019
Fort Concho MuseumFY2019$15,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$57K
Ln 12
Gifts and grantsLn 1h$47K
Investment incomeLn 3$9K
Other incomeLn 4–11$524
Money outPt IX
$38K
Ln 25
Programscol B$36K
Managementcol C$2K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Fundraising eventsLn 1c$450
Investment incomeLn 3$9K
Other incomeLn 4–11$524
Total revenueLn 12$57K
Assets in detailPt X, end of year
CashLn 1$143K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$150K
InvestmentsLn 11–13$621K
Land, buildings, equipmentLn 10c$303K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
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$324K$150K
InvestmentsLn 11–13$411K$621K
Land, buildings, equipmentLn 10c$233K$303K
Total assetsLn 16$968K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$968K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$875$875
Investment management feesLn 11f$657$657
Office expensesLn 13$4K$4K
TravelLn 17$10K$10K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$38K$36K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $107K$49K$57K$1.2M 990 PDF
FY2024 Viewing $57K$38K$19K$1.1M 990 PDF
FY2023 $46K$55K−$9K$968K 990 PDF
FY2022 $132K$36K$96K$938K 990 PDF
FY2021 $69K$34K$34K$947K 990 PDF
FY2020 $196K$124K$72K$865K 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
See the full FY2024 990 (6 parts)
Part I · Summary $57,077 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,261$47,261
I-9 Program service revenue$0
I-10 Investment incomePrior year $9,292$9,292
I-11 Other revenuePrior year $1,223$524
I-12 Total revenuePrior year $57,776$57,077
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $38,467$37,767
I-18 Total expensesPrior year $38,467$37,767
I-19 Revenue less expensesPrior year $19,309$19,310
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $57,077 across 6 lines filed
Lines not itemized here account for $524 of total revenue; see the IRS return.
VIII-1b Membership dues$500
VIII-1c Fundraising events$450
VIII-1f All other contributions, gifts and grants$46,311
VIII-1h Total contributions, gifts and grants$47,261
VIII-3 Investment incomeRelated to mission $9,292$9,292
VIII-12 Total revenueRelated to mission $9,816 · Unrelated business $0 · Excluded from tax $0$57,077
Part IX · Statement of functional expenses $37,767 across 7 lines filed
IX-11c Accounting feesManagement $875$875
IX-11f Investment management feesManagement $657$657
IX-13 Office expensesPrograms $3,559$3,559
IX-17 TravelPrograms $10,301$10,301
IX-23 InsurancePrograms $1,921$1,921
IX-24 Other expenses (24a–d)Programs $19,454$19,454
IX-24e All other expensesPrograms $1,000$1,000
IX-25 Total functional expensesPrograms $36,235 · Management $1,532 · Fundraising $0$37,767
Part X · Balance sheet $1,072,741 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $141,867$142,558
X-2 Savings and temporary cash investmentsStart of year $181,660$7,071
X-10c Land, buildings and equipment, netStart of year $233,191$302,524
X-12 Other securitiesStart of year $72,265$85,680
X-13 Program-related investmentsStart of year $339,224$534,908
X-16 Total assetsStart of year $968,207$1,072,741
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $968,207$1,072,741
X-33 Total liabilities and net assetsStart of year $968,207$1,072,741
Part XI · Reconciliation of net assets $1,072,741 net assets at year end
XI-1 Total revenue$57,077
XI-2 Total expenses$37,767
XI-3 Revenue less expenses$19,310
XI-4 Net assets at start of year$968,207
XI-5 Net unrealized gains (losses) on investments$85,224
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,072,741

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

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