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Muleshoe Heritage Foundation INC

Tax-deductible

Muleshoe, TX501(c)(3) EIN 75-2001541Revenue $14K in FY2024

On file with the IRSPo Box 201, 79347-0201 · Muleshoe, TXTax-exempt since Mar 1985Publicly supported charity — 170(b)(1)(A)(vi)

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Promotions of historical & educational activities for citizens of this area - 7500 citizens

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $11K a year · 16% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
61 mo
of spending, in cash
Looks good: 60.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$38K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 33 voting members
Concern: none of 33 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14K
-65% vs prior year
Spent
$29K
To programs
100%
Net assets
$907K
By yearFY2021–FY2024
Revenue
$14K
FY2024▼ -65%
Tap a bar for its year
Revenue by fiscal year
FY2021$82K
FY2023$78K
FY2024$41K
FY2024$14K
Expenses
$29K
FY2024▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2021$109K
FY2023$83K
FY2024$41K
FY2024$29K
Net assets
$907K
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$894K
FY2023$903K
FY2024$921K
FY2024$907K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1985.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $29K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Muleshoe Heritage Foundation 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

Promotes historical and educational activities for local citizens.

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Provided by the organization

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1 program · $29K · in their own filed words · FY2024
01

Promotion of Historical and Educational Activities for Citizens of the Area. 7500 Citizens

$29Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Xcel Energy FoundationFY2024$1K
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$14K
Ln 12
Gifts and grantsLn 1h$27K
Investment incomeLn 3$67
Money outPt IX
$29K
Ln 25
Programscol B$29K
Owns and owesPt X
$907K
net assets · Ln 32
Cash and savingsLn 1–2$144K
Total assetsLn 16$945K
LiabilitiesLn 26$38K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a33
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27K
Government grantsLn 1e$22K
Investment incomeLn 3$67
Gains on assetsLn 7−$19K
Total revenueLn 12$14K
Assets in detailPt X, end of year
CashLn 1$144K
Cash and savings togetherLn 1–2$144K
Land, buildings, equipmentLn 10c$800K
Total assetsLn 16$945K
LiabilitiesLn 26$38K
Net assetsLn 32$907K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
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$133K$144K
Land, buildings, equipmentLn 10c$741K$800K
Total assetsLn 16$1.0M$945K
LiabilitiesLn 26$106K$38K
Net assetsLn 32$921K$907K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3K$3K
Payroll taxesLn 10$229$229
Accounting feesLn 11c$406$406
Advertising and promotionLn 12$6K$6K
OccupancyLn 16$6K$6K
InsuranceLn 23$140$140
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$15$15
Total functional expensesLn 25$29K$29K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $41K$41K−$177$921K 990 PDF
FY2023 $78K$83K−$4K$903K 990 PDF
FY2022 Not on file
FY2021 $82K$109K−$28K$894K 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 FY2024 990 (6 parts)
Part I · Summary $14,013 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,956$27,029
I-9 Program service revenue$0
I-10 Investment incomePrior year $70−$18,991
I-11 Other revenuePrior year $12,491$5,975
I-12 Total revenuePrior year $40,517$14,013
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $8,317$2,817
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $32,377$25,715
I-18 Total expensesPrior year $40,694$28,532
I-19 Revenue less expensesPrior year −$177−$14,519
Part VI · Governance 0 of 33 board members independent, 4 to look at
VI-1a Voting members of the governing body33
VI-1b Independent voting members0
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 $14,013 across 8 lines filed
VIII-1b Membership dues$5,450
VIII-1e Government grants$21,579
VIII-1h Total contributions, gifts and grants$27,029
VIII-3 Investment incomeRelated to mission $67$67
VIII-6 Net rental income or lossRelated to mission $5,975$5,975
VIII-7 Net gain or loss on sales of assetsRelated to mission −$19,058−$19,058
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission −$13,016 · Unrelated business $0 · Excluded from tax $0$14,013
Part IX · Statement of functional expenses $28,532 across 8 lines filed
IX-7 Other salaries and wagesPrograms $2,588$2,588
IX-10 Payroll taxesPrograms $229$229
IX-11c Accounting feesPrograms $406$406
IX-12 Advertising and promotionPrograms $6,282$6,282
IX-16 OccupancyPrograms $5,523$5,523
IX-23 InsurancePrograms $140$140
IX-24 Other expenses (24a–d)Programs $13,349$13,349
IX-24e All other expensesPrograms $15$15
IX-25 Total functional expensesPrograms $28,532 · Management $0 · Fundraising $0$28,532
Part X · Balance sheet $944,626 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $132,536$144,315
X-10c Land, buildings and equipment, netStart of year $740,620$800,311
X-16 Total assetsStart of year $1,026,745$944,626
X-19 Deferred revenueStart of year $105,701$38,101
X-26 Total liabilitiesStart of year $105,701$38,101
X-32 Total net assets or fund balancesStart of year $921,044$906,525
X-33 Total liabilities and net assetsStart of year $1,026,745$944,626
Part XI · Reconciliation of net assets $906,525 net assets at year end
XI-1 Total revenue$14,013
XI-2 Total expenses$28,532
XI-3 Revenue less expenses−$14,519
XI-4 Net assets at start of year$921,044
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$906,525

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

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