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Bowie Industrial Development Foundation

Not tax-deductible

Bowie, TX501(c)(4)Community Development EIN 75-2855989Revenue $86K in FY2024Latest return filed Oct 20, 2025

On file with the IRSBowie, TXTax-exempt since Jul 2008

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To attract new businesses and industries to Bowie, TX., done partly by constructing and maintaining a building to attract businesses.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-2855989) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $40K a year · 51% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
3.8 mo
of spending, in cash
3.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$153K
15% of total assets
Liabilities are 15% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$86K
-0.4% vs prior year
Spent
$67K
To programs
98%
Net assets
$844K
By yearFY2020–FY2024
Revenue
$86K
FY2024-0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$52K
FY2021$79K
FY2022$86K
FY2023$87K
FY2024$86K
Expenses
$67K
FY2024▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$16K
FY2021$35K
FY2022$29K
FY2023$45K
FY2024$67K
Net assets
$844K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$682K
FY2021$726K
FY2022$783K
FY2023$825K
FY2024$844K

From the FY2024 Form 990 · see the original

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2008.

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% · $66K Management & general 2% · $1K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Winters
Director
$0Pt VII · Sec A
Jk Brite
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Randy West
Sec/Treas
$0Pt VII · Sec A
See Bowie Industrial Development Foundation executive salaries →

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

Attracts new businesses to Bowie, TX by building and maintaining facilities.

Questions for Bowie Industrial Development Foundation

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1 program · $66K · in their own filed words · FY2024
01

Management of building to attract new business to bowie, TX

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-2855989) · Dispute this line
$66Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$86K
Ln 12
Fees for servicesLn 2g$86K
Investment incomeLn 3$36
Money outPt IX
$67K
Ln 25
Programscol B$66K
Managementcol C$1K
Owns and owesPt X
$844K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$997K
LiabilitiesLn 26$153K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$86K
Investment incomeLn 3$36
Total revenueLn 12$86K
Assets in detailPt X, end of year
SavingsLn 2$21K
Cash and savings togetherLn 1–2$21K
Land, buildings, equipmentLn 10c$976K
Total assetsLn 16$997K
LiabilitiesLn 26$153K
Net assetsLn 32$844K
OperationsPt I, VI
EmployeesI 50
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$19K$21K
Land, buildings, equipmentLn 10c$999K$976K
Total assetsLn 16$1.0M$997K
LiabilitiesLn 26$193K$153K
Net assetsLn 32$825K$844K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$665$665
Other fees for servicesLn 11g$409$409
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$51K$51K
Other expenses (24a–d)Ln 24$25$25
Total functional expensesLn 25$67K$66K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 20, 2025 $86K$67K$19K$844K 990 PDF
FY2023Filed with the IRS Nov 1, 2024 $87K$45K$42K$825K 990 PDF
FY2022Filed with the IRS Jun 20, 2023 $86K$29K$57K$783K 990 PDF
FY2021Filed with the IRS Oct 14, 2022 $79K$35K$44K$726K 990 PDF
FY2020Filed with the IRS Oct 27, 2021 $52K$16K$37K$682K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $86,316 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $86,280$86,280
I-10 Investment incomePrior year $412$36
I-11 Other revenue$0
I-12 Total revenuePrior year $86,692$86,316
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $45,148$67,269
I-18 Total expensesPrior year $45,148$67,269
I-19 Revenue less expensesPrior year $41,544$19,047
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 $86,316 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,280$86,280
VIII-3 Investment incomeRelated to mission $36$36
VIII-12 Total revenueRelated to mission $86,316$86,316
Part IX · Statement of functional expenses $67,269 across 5 lines filed
IX-11c Accounting feesManagement $665$665
IX-11g Other fees for servicesManagement $409$409
IX-20 InterestPrograms $15,120$15,120
IX-22 Depreciation, depletion and amortizationPrograms $51,050$51,050
IX-24 Other expenses (24a–d)Management $25$25
IX-25 Total functional expensesPrograms $66,170 · Management $1,099 · Fundraising $0$67,269
Part X · Balance sheet $997,205 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $18,590$21,053
X-10c Land, buildings and equipment, netStart of year $999,224$976,152
X-16 Total assetsStart of year $1,017,814$997,205
X-25 Other liabilitiesStart of year $192,800$153,144
X-26 Total liabilitiesStart of year $192,800$153,144
X-27 Net assets without donor restrictionsStart of year $825,014$844,061
X-32 Total net assets or fund balancesStart of year $825,014$844,061
X-33 Total liabilities and net assetsStart of year $1,017,814$997,205
Part XI · Reconciliation of net assets $844,061 net assets at year end
XI-1 Total revenue$86,316
XI-2 Total expenses$67,269
XI-3 Revenue less expenses$19,047
XI-4 Net assets at start of year$825,014
XI-10 Net assets at end of year$844,061

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

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