Oil Patch Kids FY2021 filing

Tax-deductible

Midland, TX501(c)(3)Youth DevelopmentEIN 75-2697538Revenue $247K in FY2021

On file with the IRSoilpatchkids.org6406 Sequoia Dr, 79707-1548 · Midland, TXTax-exempt since Dec 2023Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Our goal is to foster and support children of the Permian Basin by providing funds to the organizations that serve children who are victims of abuse, neglect or poverty and are considered at-risk within the community. As a volunteer organization, we also strive to provide individuals and corporations the opportunity to help children of all ages within the community. By providing necessities, financial support and opportunities, Oil Patch Kids will continue changing lives and giving hope to the youth of our community.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
1 of 3
filings with a surplus
Average surplus $14K a year · 5% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $151K
Looks good: 4 funders name it on their filings; 3 or more.
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
7
of 10 voting members
Looks good: 7 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
$247K
Spent
$252K
To programs
98%
Net assets
$165K
By yearFY2021–FY2024
Revenue
$247K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$247K
FY2023$305K
FY2024$290K
Expenses
$252K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$252K
FY2023$229K
FY2024$318K
Net assets
$165K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$165K
FY2023$173K
FY2024$145K

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Dec 2023.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $246K Management & general 2% · $6K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
3rd Vice Pres
$0Pt VII · Sec A
Counsel Advisor
$0Pt VII · Sec A
Counsel Advisor
$0Pt VII · Sec A
Media Advisor
$0Pt VII · Sec A
Counsel Advisor
$0Pt VII · Sec A
1st Vice Pres
$0Pt VII · Sec A
2nd Vice Pres
$0Pt VII · Sec A
See Oil Patch Kids executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Funds and opportunities help at-risk children in the Permian Basin overcome abuse, neglect, and poverty.

Questions for Oil Patch Kids

Tap to ask. Oil Patch Kids sees how many people are interested.

Your first name shows with your question. Oil Patch Kids answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $246K · in their own filed words · FY2021
01

An annual golf tournament with the proceeds being donated to foster children or child oriented organizations within the Permian Basin.

$246Kprogram 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 4 funders$151K
See all 4 funders →
Grants paid · 3 grants · $495K · 2021–2024
Individual RecipientFY2024$232,000
Individual RecipientFY2023$173,000
Individual RecipientFY2021$90,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$247K
Ln 12
Gifts and grantsLn 1h$260K
Money outPt IX
$252K
Ln 25
Programscol B$246K
Managementcol C$6K
Owns and owesPt X
$165K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$165K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$260K
Fundraising eventsLn 1c$34K
Gains on assetsLn 7$0
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$165K
SavingsLn 2$0
Cash and savings togetherLn 1–2$165K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$165K
LiabilitiesLn 26$0
Net assetsLn 32$165K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY21End FY21
Cash and savingsLn 1–2$170K$165K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$170K$165K
LiabilitiesLn 26$0$0
Net assetsLn 32$170K$165K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$90K$90K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$5$5
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$546$546
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$157K$156K$798
All other expensesLn 24e$0
Total functional expensesLn 25$252K$246K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $290K$318K−$28K$145K 990 PDF
FY2023 $305K$229K$76K$173K 990 PDF
FY2022 Not on file
FY2021 Viewing $247K$252K−$5K$165K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $246,854 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $224,634$260,061
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$50,993−$13,207
I-12 Total revenuePrior year $173,641$246,854
I-13 Grants and similar amounts paidPrior year $1,680$90,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $145,875$161,735
I-18 Total expensesPrior year $147,555$251,735
I-19 Revenue less expensesPrior year $26,086−$4,881
Part VI · Governance 7 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
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 $246,854 across 9 lines filed
VIII-1c Fundraising events$34,150
VIII-1f All other contributions, gifts and grants$225,911
VIII-1h Total contributions, gifts and grants$260,061
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events−$13,207
VIII-12 Total revenue$246,854
Part IX · Statement of functional expenses $251,735 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $90,000$90,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $5$5
IX-12 Advertising and promotionManagement $3,573$3,573
IX-13 Office expensesManagement $546$546
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,093$1,093
IX-24 Other expenses (24a–d)Programs $155,720 · Management $798$156,518
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $245,720 · Management $6,015 · Fundraising $0$251,735
Part X · Balance sheet $164,963 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $169,844$164,963
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $169,844$164,963
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $169,844$164,963
X-32 Total net assets or fund balancesStart of year $169,844$164,963
X-33 Total liabilities and net assetsStart of year $169,844$164,963
Part XI · Reconciliation of net assets $164,963 net assets at year end
XI-1 Total revenue$246,854
XI-2 Total expenses$251,735
XI-3 Revenue less expenses−$4,881
XI-4 Net assets at start of year$169,844
XI-10 Net assets at end of year$164,963

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.