Boys Ranch Trust FY2021 filing

Wichita Falls, TXUnknown exempt organization EIN 75-6459415Revenue $204K in FY2021

On file with the IRS900 8th Street 525 · Wichita Falls, TX

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Fund Cal Farley's Boys Ranch

77¢ of each $1 spent went to programs.
$52K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $460 a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $4.6M in investments, Pt X · Ln 11–13
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250
Fine: 1 funder names it on their filings; under 3.
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
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$204K
Spent
$344K
To programs
77%
Net assets
$4.9M
By yearFY2021–FY2023
Revenue
$204K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$204K
FY2022$475K
FY2023$402K
FY2023$36K
Expenses
$344K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$344K
FY2022$413K
FY2023$325K
FY2023$5.0M
Net assets
$4.9M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$4.9M
FY2022$4.9M
FY2023$5.0M
FY2023$0

From the FY2021 Form 990 (year ending March 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $265K Management & general 23% · $79K

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; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$52,500Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2023FY2022FY2021
Harold D Rogers——$60,000$52,500
Kimberly a Holmes$10,000$31,600——

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.

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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 15aNo

Programs and updates

Boys Ranch Trust is a nonprofit organization based in Wichita Falls, TX.

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Provided by the organization

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1 program · $265K · in their own filed words · FY2020
01

Cal Farley's Boys RanchP.O. Box 1890Amarillo, TX 79174

$265Kprogram 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 1 funder$250
Grants paid · 3 grants · $5.5M · 2020–2023
Cal Farleys Boys RanchTX · FY2023$4,997,207
Cal Farleys Boys RanchTX · FY2022$236,000
Cal Farleys Boys RanchTX · FY2020$265,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$204K
Ln 12
Investment incomeLn 3$303K
Money outPt IX
$344K
Ln 25
Programscol B$265K
Managementcol C$79K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$226K
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$303K
Gains on assetsLn 7−$47K
Total revenueLn 12$204K
Assets in detailPt X, end of year
CashLn 1$226K
Cash and savings togetherLn 1–2$226K
InvestmentsLn 11–13$4.6M
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
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$26K$226K
InvestmentsLn 11–13$5.0M$4.6M
Total assetsLn 16$5.0M$4.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.0M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$265K$265K
Pay of current officers, directors and key staffLn 5$52K$52K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$2K$2K
Other expenses (24a–d)Ln 24$55$55
Total functional expensesLn 25$344K$265K$79K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 $402K$325K$77K$5.0M 990 PDF
FY2022 $475K$413K$62K$4.9M 990 PDF
FY2021 Viewing $204K$344K−$140K$4.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $203,556 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $152,903$303,376
I-11 Other revenuePrior year −$46,078−$99,820
I-12 Total revenuePrior year $106,825$203,556
I-13 Grants and similar amounts paidPrior year $372,000$265,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $57,000$52,500
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,589$26,464
I-18 Total expensesPrior year $455,589$343,964
I-19 Revenue less expensesPrior year −$348,764−$140,408
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
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 $203,556 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $349,999$349,999
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$46,623−$46,623
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$99,877 · Excluded from tax $57−$99,820
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$99,877 · Excluded from tax $303,433$203,556
Part IX · Statement of functional expenses $343,964 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $265,000$265,000
IX-5 Pay of current officers, directors and key staffManagement $52,500$52,500
IX-11c Accounting feesManagement $9,000$9,000
IX-11f Investment management feesManagement $14,909$14,909
IX-11g Other fees for servicesManagement $2,500$2,500
IX-24 Other expenses (24a–d)Management $55$55
IX-25 Total functional expensesPrograms $265,000 · Management $78,964 · Fundraising $0$343,964
Part X · Balance sheet $4,852,156 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $25,944$226,481
X-12 Other securitiesStart of year $4,966,620$4,625,675
X-16 Total assetsStart of year $4,992,564$4,852,156
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,992,564$4,852,156
X-33 Total liabilities and net assetsStart of year $4,992,564$4,852,156
Part XI · Reconciliation of net assets $4,852,156 net assets at year end
XI-1 Total revenue$203,556
XI-2 Total expenses$343,964
XI-3 Revenue less expenses−$140,408
XI-4 Net assets at start of year$4,992,564
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,852,156

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

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