Central Texas Foundation INC

Tax-deductible

Brownwood, TX501(c)(3)EIN 75-1848800

501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $70K a year · 40% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$106K
-52% vs prior year
Spent
$254K
Net assets
$4.2M
By yearFY2020–FY2024
Revenue
$106K
FY2024▼ -52%
Revenue by fiscal year
FY2020−$2K
FY2021$293K
FY2022$272K
FY2023$222K
FY2024$106K
Expenses
$254K
FY2024▲ +3%
Expenses by fiscal year
FY2020$269K
FY2021$214K
FY2022$259K
FY2023$247K
FY2024$254K
Net assets
$4.2M
FY2024▼ -3%
Net assets by fiscal year
FY2020$4.3M
FY2021$4.4M
FY2022$4.4M
FY2023$4.4M
FY2024$4.2M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1983.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 92% · $234K Operating & administrative 8% · $20K

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

Who runs it and what they're paid

5 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secy/Treas
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Central Texas Foundation INC executive salaries →

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Programs and updates

A private foundation based in Brownwood, TX.

Provided by the organization

This section is blank until Central Texas Foundation INC claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 21 grants · $234K · 2024–2024
Good Samaritan MinistriesFY2024$40,000
Howard Payne Univ-Bldg ProjectFY2024$25,000
Salvation ArmyFY2024$20,000
Howard Payne Univ-ScholarshipsFY2024$18,000
American Red Cross Big Country ChapFY2024$15,000
Corinne T Smith Animal ShelterFY2024$12,000
Lyric Performing Arts CoFY2024$10,000
Boy Scouts of America Texas TrailsFY2024$7,000
Greenleaf CemeteryFY2024$5,000
Wav ProjectFY2024$5,000
Pearl Griffin Latch KeyFY2024$5,000
Brownwood Community Public LibraryFY2024$5,000
Howard Payne Univ-Nurse's FundFY2024$5,000
See all 21 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV8
Average grantPart XV$11K
Median grantPart XV$5K
Largest grantPart XV$40K
Top cause focusNTEEHuman Services (14%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$106K
Investment income$106K
Money out
$254K
Grants paid$234K
Running costs$20K
Owns and owes
$4.2M
net assets
Cash and savings$180K
Total assets$4.2M
Liabilities$0
People
5
listed
Paid0
2In more detail
Revenue in detail
Investment income$106K
Total revenue$106K
Assets in detailEnd of year
Cash and savings together$180K
Total assets$4.2M
Liabilities$0
Net assets$4.2M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $106K$254K−$148K$4.2M 990 PDF
FY2023 $222K$247K−$25K$4.4M 990 PDF
FY2022 $272K$259K$13K$4.4M 990 PDF
FY2021 $293K$214K$78K$4.4M 990 PDF
FY2020 −$2K$269K−$270K$4.3M 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) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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