Wtfb Mid County FY2022 filing

Odessa, TXUnknown exempt organization EIN 81-3011126Revenue $70K in FY2022Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSwtxfoodbank.orgOdessa, TX

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The organization is a supporting organization formed to develop and lease property to the West Texas Food Bank. This was done through a combination of donations and New Market Tax Credit borrowings.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3011126) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $180K a year · 41% of revenue · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
6.2 mo
of spending, in cash
6.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.5M
109% of total assets
Liabilities are 109% of assets.
Pt X · Ln 26
Independent board members
4
of 5 voting members
4 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$70K
0% vs prior year
Spent
$234K
To programs
0%
Net assets
−$448K
By yearFY2020–FY2023
Revenue
$70K
FY20220%
Tap a bar for its year
Revenue by fiscal year
FY2020$70K
FY2021$70K
FY2022$70K
FY2023$1.5M
Expenses
$234K
FY2022▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$260K
FY2021$262K
FY2022$234K
FY2023$265K
Net assets
−$448K
FY2022▼ -58%
Tap a bar for its year
Net assets by fiscal year
FY2020−$92K
FY2021−$284K
FY2022−$448K
FY2023$0

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $234K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wtfb Mid County 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

Develops and leases property to support the West Texas Food Bank.

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1 program · in their own filed words · FY2021
01

The organization developed and leases the Midland facility located at 1601 Westcliff Drive, Midland, Texas 79703 to their supported organization, West Texas Food Bank. This was accomplished through a capital campaign by the Food Bank and borrowings obtained through the New Market Tax Credit program in compliance with IRC Section 45D.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3011126) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$70K
Ln 12
Other incomeLn 4–11$70K
Money outPt IX
$234K
Ln 25
Managementcol C$234K
Owns and owesPt X
−$448K
net assets · Ln 32
Cash and savingsLn 1–2$121K
Total assetsLn 16$5.1M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$70K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$121K
Cash and savings togetherLn 1–2$121K
Land, buildings, equipmentLn 10c$5.0M
Total assetsLn 16$5.1M
LiabilitiesLn 26$5.5M
Net assetsLn 32−$448K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$148K$121K
Land, buildings, equipmentLn 10c$5.1M$5.0M
Total assetsLn 16$5.3M$5.1M
LiabilitiesLn 26$5.5M$5.5M
Net assetsLn 32−$284K−$448K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$59K$59K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$164K$164K
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$234K$0$234K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Aug 7, 2024 $1.5M$265K$1.3M$0 990 PDF
FY2022 ViewingFiled with the IRS Aug 10, 2023 $70K$234K−$164K−$448K 990 PDF
FY2021Filed with the IRS Aug 11, 2022 $70K$262K−$192K−$284K 990 PDF
FY2020Filed with the IRS Jun 12, 2021 $70K$260K−$190K−$92K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $70,000 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $70,000$70,000
I-12 Total revenuePrior year $70,000$70,000
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 $261,745$233,676
I-18 Total expensesPrior year $261,745$233,676
I-19 Revenue less expensesPrior year −$191,745−$163,676
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $70,000 across 2 lines filed
VIII-6 Net rental income or loss$70,000
VIII-12 Total revenue$70,000
Part IX · Statement of functional expenses $233,676 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $10,000$10,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,097$1,097
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $59,000$59,000
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $163,579$163,579
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $233,676 · Fundraising $0$233,676
Part X · Balance sheet $5,075,651 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $147,694$120,710
X-10c Land, buildings and equipment, netStart of year $5,102,721$4,954,941
X-16 Total assetsStart of year $5,250,415$5,075,651
X-23 Secured mortgages and notes payableStart of year $5,507,653$5,523,451
X-26 Total liabilitiesStart of year $5,534,539$5,523,451
X-27 Net assets without donor restrictionsStart of year −$284,124−$447,800
X-32 Total net assets or fund balancesStart of year −$284,124−$447,800
X-33 Total liabilities and net assetsStart of year $5,250,415$5,075,651
Part XI · Reconciliation of net assets −$447,800 net assets at year end
XI-1 Total revenue$70,000
XI-2 Total expenses$233,676
XI-3 Revenue less expenses−$163,676
XI-4 Net assets at start of year−$284,124
XI-10 Net assets at end of year−$447,800

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

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