The Tims Foundation

IRS exemption revoked

Azle, TXPrivate foundation / grantmaker EIN 75-6333692Revenue $25K in FY2022

On file with the IRS428 Timber Bay Court · Azle, TX

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FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990-PF
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $27K a year · 110% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
990-PF Pt I · 3 filings
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25K
-2% vs prior year
Spent
$57K
Net assets
$487K
By yearFY2020–FY2022
Revenue
$25K
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$24K
FY2021$25K
FY2022$25K
Expenses
$57K
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$43K
FY2021$55K
FY2022$57K
Net assets
$487K
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$530K
FY2021$520K
FY2022$487K

From the FY2022 Form 990 (year ending September 2022) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on February 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 90% · $52K Operating & administrative 10% · $6K

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

1 person listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
See The Tims Foundation executive salaries →

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Programs and updates

A private foundation based in Azle, TX.

Questions for The Tims Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 6 grants · $52K · 2021–2021
Richland Hills Church of ChristFY2021$25,600
Community LinkFY2021$10,000
Christian Relief CenterFY2021$10,000
Lucayan Pesbyterian ChurchFY2021$3,000
Individual RecipientFY2021$2,500
Individual RecipientFY2021$500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$9K
Median grantPart XV$10K
Largest grantPart XV$26K

By the numbers

The FY2022 990-PF, line by line.

1The main four
Money in
$25K
Investment income$25K
Money out
$57K
Grants paid$52K
Running costs$6K
Owns and owes
$487K
net assets
Cash and savings$10K
Total assets$487K
Liabilities$0
People
1
listed
Paid0
2In more detail
Revenue in detail
Investment income$25K
Total revenue$25K
Assets in detailEnd of year
Cash and savings together$10K
Total assets$487K
Liabilities$0
Net assets$487K
Operations
Fiscal year endsSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $25K$57K−$33K$487K 990 PDF
FY2021 $25K$55K−$29K$520K 990 PDF
FY2020 $24K$43K−$19K$530K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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