Provide support for the childrens' Home of lubbock.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
4 of 4
filings with a surplus
Average surplus $611K a year · 31% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $25.1M in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$303K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+94% vs prior year
Spent
$1.4M
To programs
71%
Net assets
$28.9M
By yearFY2021–FY2025
Revenue
$2.7M
FY2023▲ +94%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.4M
FY2023$2.7M
FY2024$2.0M
FY2025$1.9M
Expenses
$1.4M
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.2M
FY2023$1.4M
FY2024$1.4M
FY2025$1.6M
Net assets
$28.9M
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$26.7M
FY2023$28.9M
FY2024$31.0M
FY2025$32.5M

From the FY2023 Form 990 (year ending January 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1996.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $966K Management & general 29% · $404K

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

13 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$88,416Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Eric Creel’s $109K as President is at the 37th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2021
Eric Creel$108,519$94,535$88,416$78,232

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 Childrens Home Foundation 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 15aYes

Programs and updates

Supports the Children's Home of Lubbock.

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Provided by the organization

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1 program · $966K · in their own filed words · FY2022
01

Funding to tax-exempt entity providing care for disadvantaged children.

$966Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $3.8M · 2020–2024

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Investment incomeLn 3$1.2M
Other incomeLn 4–11$1.0M
Gifts and grantsLn 1h$464K
Money outPt IX
$1.4M
Ln 25
Programscol B$966K
Managementcol C$404K
Owns and owesPt X
$28.9M
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$29.2M
LiabilitiesLn 26$303K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$464K
Noncash giftsLn 1g$137K
Fees for servicesLn 2g$18K
Investment incomeLn 3$1.2M
Other incomeLn 4–11$1.0M
Gains on assetsLn 7$159K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$163K
Cash and savings togetherLn 1–2$163K
InvestmentsLn 11–13$25.1M
Land, buildings, equipmentLn 10c$106K
Other assetsLn 15$11K
Total assetsLn 16$29.2M
LiabilitiesLn 26$303K
Net assetsLn 32$28.9M
OperationsPt I, VI
EmployeesI 53
VolunteersI 614
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$88K$163K
InvestmentsLn 11–13$26.0M$25.1M
Land, buildings, equipmentLn 10c$110K$106K
Total assetsLn 16$28.9M$29.2M
LiabilitiesLn 26$91K$303K
Net assetsLn 32$28.8M$28.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$966K$966K
Pay of current officers, directors and key staffLn 5$99K$99K
Other salaries and wagesLn 7$72K$72K
Pension plan contributionsLn 8$7K$7K
Other employee benefitsLn 9$13K$13K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$36K$36K
Investment management feesLn 11f$76K$76K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$8K$8K
OccupancyLn 16$12K$12K
TravelLn 17$9K$9K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$46K$46K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$1.4M$966K$404K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$1.6M$309K$32.5M 990 PDF
FY2024 $2.0M$1.4M$651K$31.0M 990 PDF
FY2023 Viewing $2.7M$1.4M$1.3M$28.9M 990 PDF
FY2022 Not on file
FY2021 $1.4M$1.2M$175K$26.7M 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 M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,679,490 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $603,356$464,074
I-9 Program service revenuePrior year $12,000$18,000
I-10 Investment incomePrior year $1,225,982$1,160,723
I-11 Other revenuePrior year $740,334$1,036,693
I-12 Total revenuePrior year $2,581,672$2,679,490
I-13 Grants and similar amounts paidPrior year $835,000$966,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $216,193$200,394
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $172,753$203,664
I-18 Total expensesPrior year $1,223,946$1,370,058
I-19 Revenue less expensesPrior year $1,357,726$1,309,432
Part VI · Governance 9 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,679,490 across 10 lines filed
VIII-1f All other contributions, gifts and grants$464,074
VIII-1g Noncash contributions (included above)$136,836
VIII-1h Total contributions, gifts and grants$464,074
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,000$18,000
VIII-3 Investment incomeExcluded from tax $1,001,881$1,001,881
VIII-5 RoyaltiesExcluded from tax $1,054,118$1,054,118
VIII-6 Net rental income or lossExcluded from tax $1,913$1,913
VIII-7 Net gain or loss on sales of assetsExcluded from tax $158,842$158,842
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$19,338−$19,338
VIII-12 Total revenueRelated to mission $18,000 · Unrelated business −$19,338 · Excluded from tax $2,216,754$2,679,490
Part IX · Statement of functional expenses $1,370,058 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $966,000$966,000
IX-5 Pay of current officers, directors and key staffManagement $98,598$98,598
IX-7 Other salaries and wagesManagement $72,477$72,477
IX-8 Pension plan contributionsManagement $6,739$6,739
IX-9 Other employee benefitsManagement $12,755$12,755
IX-10 Payroll taxesManagement $9,825$9,825
IX-11c Accounting feesManagement $36,369$36,369
IX-11f Investment management feesManagement $76,327$76,327
IX-12 Advertising and promotionManagement $6,990$6,990
IX-13 Office expensesManagement $8,124$8,124
IX-16 OccupancyManagement $11,596$11,596
IX-17 TravelManagement $8,503$8,503
IX-19 Conferences, conventions and meetingsManagement $2,371$2,371
IX-22 Depreciation, depletion and amortizationManagement $3,265$3,265
IX-23 InsuranceManagement $3,217$3,217
IX-24 Other expenses (24a–d)Management $45,890$45,890
IX-24e All other expensesManagement $1,012$1,012
IX-25 Total functional expensesPrograms $966,000 · Management $404,058 · Fundraising $0$1,370,058
Part X · Balance sheet $29,205,298 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $88,197$163,086
X-4 Accounts receivableStart of year $45,782$32,452
X-9 Prepaid expenses and deferred charges$1,598
X-10c Land, buildings and equipment, netStart of year $109,601$106,336
X-11 Publicly traded securitiesStart of year $23,645,277$21,187,633
X-12 Other securitiesStart of year $2,355,238$3,876,069
X-14 Intangible assetsStart of year $2,641,857$3,826,660
X-15 Other assetsStart of year $0$11,464
X-16 Total assetsStart of year $28,885,952$29,205,298
X-17 Accounts payable and accrued expensesStart of year $1,946$2,312
X-25 Other liabilitiesStart of year $88,991$300,449
X-26 Total liabilitiesStart of year $90,937$302,761
X-27 Net assets without donor restrictionsStart of year $14,444,381$14,126,104
X-28 Net assets with donor restrictionsStart of year $14,350,634$14,776,433
X-32 Total net assets or fund balancesStart of year $28,795,015$28,902,537
X-33 Total liabilities and net assetsStart of year $28,885,952$29,205,298
Part XI · Reconciliation of net assets $28,902,537 net assets at year end
XI-1 Total revenue$2,679,490
XI-2 Total expenses$1,370,058
XI-3 Revenue less expenses$1,309,432
XI-4 Net assets at start of year$28,795,015
XI-5 Net unrealized gains (losses) on investments−$1,201,910
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$28,902,537

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

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