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Hmg Cares Foundation

Tax-deductible

The Woodlands, TX501(c)(3)Human ServicesEIN 81-3931171Revenue $210K in FY2024

On file with the IRS1780 Hughes Landing Blvd Ste 500, 77380-4009 · The Woodlands, TXTax-exempt since Mar 2018Publicly supported charity — 170(b)(1)(A)(vi)

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To assist team members & communities which are affected by hardship due to events beyond their control.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $61K a year · 31% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
40 mo
of spending, in cash
Looks good: 39.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
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
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
+17% vs prior year
Spent
$138K
To programs
89%
Net assets
$457K
By yearFY2020–FY2024
Revenue
$210K
FY2024▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$73K
FY2021$141K
FY2022$178K
FY2023$179K
FY2024$210K
Expenses
$138K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$130K
FY2024$138K
Net assets
$457K
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$119K
FY2021$160K
FY2022$233K
FY2023$385K
FY2024$457K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2018.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $123K Management & general 11% · $15K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Derek Prince
President
$0Pt VII · Sec A
Wayne Culp
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Ana Pico
Chief Strategy Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cedric Boyd
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hmg Cares Foundation executive salaries →

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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

Helps people and communities facing hardship from unexpected events.

Questions for Hmg Cares Foundation

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Provided by the organization

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1 program · $123K · in their own filed words · FY2024
01

The foundation hosted several events and raised approximately $212,000 in donations. Using $103,000 of the monies raised we have been able to lend a helping hand to 45 of our employees companywide. These employees have experienced the natural disasters, life-threating illnesses, and death.

$123Kprogram 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 · FY2023
The Zions Bancorporation FoundationFY2023$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 2 grants · $218K · 2023–2024
Unitemized GrantFY2024$103,037
Unitemized GrantFY2023$115,350

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$210K
Ln 12
Gifts and grantsLn 1h$212K
Investment incomeLn 3$15K
Money outPt IX
$138K
Ln 25
Programscol B$123K
Managementcol C$15K
Owns and owesPt X
$457K
net assets · Ln 32
Cash and savingsLn 1–2$456K
Total assetsLn 16$457K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Fundraising eventsLn 1c$82K
Investment incomeLn 3$15K
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$456K
Cash and savings togetherLn 1–2$456K
Total assetsLn 16$457K
LiabilitiesLn 26$0
Net assetsLn 32$457K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$383K$456K
Total assetsLn 16$385K$457K
LiabilitiesLn 26$0$0
Net assetsLn 32$385K$457K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$103K$103K
Management feesLn 11a$825$825
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$782$782
TravelLn 17$201$201
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$138K$123K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $210K$138K$72K$457K 990 PDF
FY2023 $179K$130K$49K$385K 990 PDF
FY2022 $178K$233K 990 PDF
FY2021 $141K$160K 990 PDF
FY2020 $73K$119K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $209,729 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $189,941$211,916
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $10,896$15,010
I-11 Other revenuePrior year −$21,752−$17,197
I-12 Total revenuePrior year $179,085$209,729
I-13 Grants and similar amounts paidPrior year $115,350$103,037
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,611$34,516
I-18 Total expensesPrior year $129,961$137,553
I-19 Revenue less expensesPrior year $49,124$72,176
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $209,729 across 6 lines filed
VIII-1c Fundraising events$81,896
VIII-1f All other contributions, gifts and grants$130,020
VIII-1h Total contributions, gifts and grants$211,916
VIII-3 Investment incomeExcluded from tax $15,010$15,010
VIII-8 Net income from fundraising eventsExcluded from tax −$17,197−$17,197
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$2,187$209,729
Part IX · Statement of functional expenses $137,553 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $103,037$103,037
IX-11a Management feesManagement $825$825
IX-11c Accounting feesManagement $12,950$12,950
IX-12 Advertising and promotionPrograms $5,631$5,631
IX-13 Office expensesManagement $782$782
IX-17 TravelPrograms $201$201
IX-24 Other expenses (24a–d)Programs $14,127$14,127
IX-25 Total functional expensesPrograms $122,996 · Management $14,557 · Fundraising $0$137,553
Part X · Balance sheet $457,088 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $382,912$455,586
X-4 Accounts receivableStart of year $2,000$1,502
X-16 Total assetsStart of year $384,912$457,088
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $384,912$457,088
X-33 Total liabilities and net assetsStart of year $384,912$457,088
Part XI · Reconciliation of net assets $457,088 net assets at year end
XI-1 Total revenue$209,729
XI-2 Total expenses$137,553
XI-3 Revenue less expenses$72,176
XI-4 Net assets at start of year$384,912
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$457,088

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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