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W E Grace Foundation

Tax-deductible

Westworth Vlg, TX501(c)(3)Since 1975 EIN 75-6012546Revenue $111K in FY2025Latest return filed Jun 9, 2026

On file with the IRSWestworth Vlg, TXTax-exempt since Aug 1982School — 170(b)(1)(A)(ii)

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To provide support to whitney high school of the whitney independent school district for scholarships to encourage student participation in the future farmers of america program.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-6012546) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $8K a year · 13% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
63% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
4.5 mo
of spending, in cash
Plus $1.0M in investments, Pt X · Ln 11–13
4.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 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
$111K
+119% vs prior year
Spent
$92K
To programs
63%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$111K
FY2025▲ +119%
Tap a bar for its year
Revenue by fiscal year
FY2020$33K
FY2021$169K
FY2022−$20K
FY2023$51K
FY2024$50K
FY2025$111K
Expenses
$92K
FY2025▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$68K
FY2021$69K
FY2022$63K
FY2023$84K
FY2024$67K
FY2025$92K
Net assets
$1.2M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M
FY2025$1.2M

From the FY2025 Form 990 · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1982.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $58K Management & general 37% · $34K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
John P Grace
President
$0Pt VII · Sec A
Jennifer Ratterree
Vice Preside
$0Pt VII · Sec A
Clarence Richter
VP - Scholar
$0Pt VII · Sec A
Phoebe Grace
Secretary
$0Pt VII · Sec A
Wesley Roland
Treasurer
$0Pt VII · Sec A
Tiffany Guy
Director
$0Pt VII · Sec A
See W E Grace 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships to support FFA students at Lake Whitney High School.

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2 programs · $58K · in their own filed words · FY2025
01

Expenses of operating school

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-6012546) · Dispute this line
$30Kprogram expense
02

Scholarships to Various Secondary Schools

28,250.00

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-6012546) · Dispute this line
$28Kprogram 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 · 6 grants · $124K · 2020–2025
Unitemized GrantFY2025$28,250
Unitemized GrantFY2024$15,500
Unitemized GrantFY2023$36,300
Unitemized GrantFY2022$13,375
Unitemized GrantFY2021$10,075
Unitemized GrantFY2020$20,900

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$111K
Ln 12
Investment incomeLn 3$110K
Other incomeLn 4–11$386
Money outPt IX
$92K
Ln 25
Programscol B$58K
Managementcol C$34K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$110K
Other incomeLn 4–11$386
Gains on assetsLn 7$74K
Total revenueLn 12$111K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$34K
Land, buildings, equipmentLn 10c$101K
InvestmentsLn 11–13$1.0M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$52K$34K
InvestmentsLn 11–13$1.0M$1.0M
Land, buildings, equipmentLn 10c$102K$101K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$28K$28K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$27K$27K
Office expensesLn 13$144$144
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e$80$8$72
Total functional expensesLn 25$92K$58K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jun 9, 2026 $111K$92K$18K$1.2M 990 PDF
FY2024Filed with the IRS Jun 30, 2025 $50K$67K−$17K$1.2M 990 PDF
FY2023Filed with the IRS Mar 27, 2024 $51K$84K−$33K$1.2M 990 PDF
FY2022Filed with the IRS Mar 1, 2023 −$20K$63K−$83K$1.2M 990 PDF
FY2021Filed with the IRS Oct 4, 2022 $169K$69K$100K$1.3M 990 PDF
FY2020Filed with the IRS Jul 14, 2021 $33K$68K−$35K$1.2M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments E · Schools I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $110,501 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $50,394$110,115
I-11 Other revenue$386
I-12 Total revenuePrior year $50,394$110,501
I-13 Grants and similar amounts paidPrior year $15,500$28,250
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $51,483$63,923
I-18 Total expensesPrior year $66,983$92,173
I-19 Revenue less expensesPrior year −$16,589$18,328
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $110,501 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $35,945$35,945
VIII-7 Net gain or loss on sales of assetsRelated to mission $74,170$74,170
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $386$386
VIII-12 Total revenueRelated to mission $74,170 · Excluded from tax $36,331$110,501
Part IX · Statement of functional expenses $92,173 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $28,250$28,250
IX-11c Accounting feesManagement $7,095$7,095
IX-11f Investment management feesManagement $26,960$26,960
IX-13 Office expensesManagement $144$144
IX-22 Depreciation, depletion and amortizationPrograms $1,361$1,361
IX-23 InsurancePrograms $9,162$9,162
IX-24 Other expenses (24a–d)Programs $19,121$19,121
IX-24e All other expensesPrograms $8 · Management $72$80
IX-25 Total functional expensesPrograms $57,902 · Management $34,271 · Fundraising $0$92,173
Part X · Balance sheet $1,177,354 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $10,822$12,045
X-2 Savings and temporary cash investmentsStart of year $41,097$22,413
X-10c Land, buildings and equipment, netStart of year $102,278$100,916
X-12 Other securitiesStart of year $1,006,504$1,041,980
X-16 Total assetsStart of year $1,160,701$1,177,354
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,160,701$1,177,354
X-32 Total net assets or fund balancesStart of year $1,160,701$1,177,354
X-33 Total liabilities and net assetsStart of year $1,160,701$1,177,354
Part XI · Reconciliation of net assets $1,177,354 net assets at year end
XI-1 Total revenue$110,501
XI-2 Total expenses$92,173
XI-3 Revenue less expenses$18,328
XI-4 Net assets at start of year$1,160,701
XI-9 Other changes in net assets−$1,675
XI-10 Net assets at end of year$1,177,354

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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