Sweetwater Improvement INC: Nonprofit Profile, Financials & Form 990 (EIN 75-1736626)

Revenue by fiscal year
FY2021	$45K
FY2022	$122K
FY2023	$73K
FY2024	$91K
FY2025	$228K

Expenses by fiscal year
FY2021	$46K
FY2022	$113K
FY2023	$61K
FY2024	$87K
FY2025	$201K

Net assets by fiscal year
FY2021	$225K
FY2022	$233K
FY2023	$246K
FY2024	$250K
FY2025	$278K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1981.

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

Where the money goes

95 cents of each dollar spent went to programs.

95%

Program services 95% · $190K Management & general 5% · $11K

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

7 people listed on the 990.

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

Kim Reaves

President

$0Pt VII · Sec A

Karen Hunt

Exec Dir

$0Pt VII · Sec A

Samantha Morrow

Past President

$0Pt VII · Sec A

Richard Ferguson

Vice President

$0Pt VII · Sec A

Chris Bibb

Treasurer

$0Pt VII · Sec A

Becca Locke

Vice President

$0Pt VII · Sec A

Wesely Gill

President Elect

$0Pt VII · Sec A

See Sweetwater Improvement INC executive salaries →

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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

Organizes charitable events for the Sweetwater Municipal Auditorium and others.

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Provided by the organization

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3 programs · $32K · in their own filed words · FY2024

01

Fight for the cure. This is a local cancer awareness and fundraising program.

$17Kprogram expense

02

Shca

Local non profit concert association to promote and provide local entertainment and concerts for the local area.

$15Kprogram expense

03

Nolan co foundation-in affiliation with community foundation of abilene (cfa), provides scholarships and grants to local charities. Grant income from cfa pays for supervision and management of programs of this organization

Pt IX · col B

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

Community Foundation of AbileneFY2024$65K

Total grants receivedfrom 1 funder$65K

Grants paid · 1 grant · $68K · 2021–2021

Sweetwater Country ClubFY2021$68,000

By the numbers

The FY2025 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$228K

Ln 12

Gifts and grantsLn 1h$297K

Money outPt IX

$201K

Ln 25

Programscol B$190K

Managementcol C$11K

Owns and owesPt X

$278K

net assets · Ln 32

Cash and savingsLn 1–2$197K

Total assetsLn 16$336K

LiabilitiesLn 26$59K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$297K

Total revenueLn 12$228K

Assets in detailPt X, end of year

CashLn 1$197K

Cash and savings togetherLn 1–2$197K

Land, buildings, equipmentLn 10c$134K

Total assetsLn 16$336K

LiabilitiesLn 26$59K

Net assetsLn 32$278K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderAugust

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$111K	$197K
Land, buildings, equipmentLn 10c	$134K	$134K
Total assetsLn 16	$250K	$336K
LiabilitiesLn 26	$83	$59K
Net assetsLn 32	$250K	$278K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2K	$2K
Accounting feesLn 11c	$2K		$2K
Other fees for servicesLn 11g	$2K		$2K
Office expensesLn 13	$4K		$4K
InterestLn 20	$2K		$2K
Other expenses (24a–d)Ln 24	$183K	$183K
All other expensesLn 24e	$5K	$5K
Total functional expensesLn 25	$201K	$190K	$11K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$228K	$201K	$28K	$278K	990 PDF
FY2024	$91K	$87K	$4K	$250K	990 PDF
FY2023	$73K	$61K	$13K	$246K	990 PDF
FY2022	$122K	$113K	$8K	$233K	990 PDF
FY2021	$45K	$46K	−$1K	$225K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $228,480 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $77,064$296,953

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $14,326−$68,473

I-12 Total revenuePrior year $91,390$228,480

I-13 Grants and similar amounts paidPrior year $0$2,500

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $87,075$198,194

I-18 Total expensesPrior year $87,075$200,694

I-19 Revenue less expensesPrior year $4,315$27,786

Part VI · Governance 7 of 7 board members independent, 4 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

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 $228,480 across 5 lines filed

VIII-1b Membership dues$14,000

VIII-1f All other contributions, gifts and grants$282,953

VIII-1h Total contributions, gifts and grants$296,953

VIII-6 Net rental income or lossRelated to mission −$68,473−$68,473

VIII-12 Total revenueRelated to mission −$68,473 · Unrelated business $0 · Excluded from tax $0$228,480

Part IX · Statement of functional expenses $200,694 across 7 lines filed

IX-2 Grants to domestic individualsPrograms $2,500$2,500

IX-11c Accounting feesManagement $2,225$2,225

IX-11g Other fees for servicesManagement $2,500$2,500

IX-13 Office expensesManagement $3,736$3,736

IX-20 InterestManagement $2,348$2,348

IX-24 Other expenses (24a–d)Programs $182,839$182,839

IX-24e All other expensesPrograms $4,546$4,546

IX-25 Total functional expensesPrograms $189,885 · Management $10,809 · Fundraising $0$200,694

Part X · Balance sheet $336,311 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $110,942$197,302

X-4 Accounts receivableStart of year $4,725$4,725

X-10c Land, buildings and equipment, netStart of year $134,284$134,284

X-16 Total assetsStart of year $249,951$336,311

X-17 Accounts payable and accrued expensesStart of year $83$83

X-26 Total liabilitiesStart of year $83$58,656

X-32 Total net assets or fund balancesStart of year $249,868$277,655

X-33 Total liabilities and net assetsStart of year $249,951$336,311

Part XI · Reconciliation of net assets $277,655 net assets at year end

XI-1 Total revenue$228,480

XI-2 Total expenses$200,694

XI-3 Revenue less expenses$27,786

XI-4 Net assets at start of year$249,868

XI-9 Other changes in net assets$1

XI-10 Net assets at end of year$277,655

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Sweetwater Improvement INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Sweetwater Improvement INC

Shca

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV