Boys Ranch Trust: FY2023 Nonprofit Profile & Form 990 (EIN 75-6459415)

Revenue by fiscal year
FY2021	$204K
FY2022	$475K
FY2023	$402K
FY2023	$36K

Expenses by fiscal year
FY2021	$344K
FY2022	$413K
FY2023	$325K
FY2023	$5.0M

Net assets by fiscal year
FY2021	$4.9M
FY2022	$4.9M
FY2023	$5.0M
FY2023	$0

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

73 cents of each dollar spent went to programs.

73%

27%

Program services 73% · $236K Management & general 27% · $89K

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; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Kimberly a Holmes

Trustee

$31,600Pt VII · Sec A

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

Name	FY2023	FY2023	FY2022	FY2021
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 · $236K · in their own filed words · FY2022

01

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

$236Kprogram 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

Grace and Li Yu Family FoundationFY2024$250

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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$402K

Ln 12

Investment incomeLn 3$402K

Money outPt IX

$325K

Ln 25

Programscol B$236K

Managementcol C$89K

Owns and owesPt X

$5.0M

net assets · Ln 32

Cash and savingsLn 1–2$389K

Total assetsLn 16$5.0M

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$402K

Gains on assetsLn 7$227K

Total revenueLn 12$402K

Assets in detailPt X, end of year

CashLn 1$389K

Cash and savings togetherLn 1–2$389K

InvestmentsLn 11–13$4.6M

Total assetsLn 16$5.0M

LiabilitiesLn 26$0

Net assetsLn 32$5.0M

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$483K	$389K
InvestmentsLn 11–13	$4.4M	$4.6M
Total assetsLn 16	$4.9M	$5.0M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$4.9M	$5.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$236K	$236K
Pay of current officers, directors and key staffLn 5	$32K		$32K
Legal feesLn 11b	$2K		$2K
Accounting feesLn 11c	$8K		$8K
Investment management feesLn 11f	$44K		$44K
Other fees for servicesLn 11g	$4K		$4K
Total functional expensesLn 25	$325K	$236K	$89K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Viewing	$402K	$325K	$77K	$5.0M	990 PDF
FY2022	$475K	$413K	$62K	$4.9M	990 PDF
FY2021	$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 FY2023 990 (6 parts)

Part I · Summary $401,952 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 $475,077$401,952

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $475,077$401,952

I-13 Grants and similar amounts paidPrior year $322,000$236,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $60,000$31,600

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $31,013$57,387

I-18 Total expensesPrior year $413,013$324,987

I-19 Revenue less expensesPrior year $62,064$76,965

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 $401,952 across 3 lines filed

VIII-3 Investment incomeExcluded from tax $174,654$174,654

VIII-7 Net gain or loss on sales of assetsExcluded from tax $227,298$227,298

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $401,952$401,952

Part IX · Statement of functional expenses $324,987 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $236,000$236,000

IX-5 Pay of current officers, directors and key staffManagement $31,600$31,600

IX-11b Legal feesManagement $1,667$1,667

IX-11c Accounting feesManagement $8,250$8,250

IX-11f Investment management feesManagement $43,970$43,970

IX-11g Other fees for servicesManagement $3,500$3,500

IX-25 Total functional expensesPrograms $236,000 · Management $88,987 · Fundraising $0$324,987

Part X · Balance sheet $4,991,186 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $483,008$388,564

X-12 Other securitiesStart of year $4,431,212$4,602,622

X-16 Total assetsStart of year $4,914,220$4,991,186

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $4,914,220$4,991,186

X-33 Total liabilities and net assetsStart of year $4,914,220$4,991,186

Part XI · Reconciliation of net assets $4,991,186 net assets at year end

XI-1 Total revenue$401,952

XI-2 Total expenses$324,987

XI-3 Revenue less expenses$76,965

XI-4 Net assets at start of year$4,914,220

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,991,186

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Boys Ranch Trust FY2023 filing

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