Hamilton Beeman Trust FY2023 filing

Tax-deductible

Henderson, TXCemetery / fraternalMutual/MembershipEIN 84-2996246Revenue $36K in FY2023

On file with the IRSPo Box 820, 75653-0820 · Henderson, TXTax-exempt since Apr 2020

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Organizations sole purpose is to help fund Hamilton Beeman memorial association's (75-0870642) perpetual cemetery operations.

Tax-exempt charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$9K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $4K a year · 13% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
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.
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
$36K
+29% vs prior year
Spent
$32K
To programs
69%
Net assets
$710K
By yearFY2021–FY2025
Revenue
$36K
FY2023▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2021$24K
FY2022$28K
FY2023$36K
FY2024$20K
FY2025$35K
Expenses
$32K
FY2023▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2021$29K
FY2022$39K
FY2023$32K
FY2024$29K
FY2025$32K
Net assets
$710K
FY2023▲ +0.5%
Tap a bar for its year
Net assets by fiscal year
FY2021$718K
FY2022$707K
FY2023$710K
FY2024$701K
FY2025$704K

From the FY2023 Form 990 (year ending October 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2020.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $22K Management & general 31% · $10K

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; $9K 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
Trustee
$9,376Pt VII · Sec A

Verabank’s $11K as Trustee is at the 86th percentile of top reported officer pay among 159 <$100K mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Verabank$11,005$10,105$9,376$10,016$9,976

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.

See Hamilton Beeman Trust 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

Funds perpetual cemetery operations for Hamilton Beeman Memorial Association.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

To assisist with perpetual cemetery opeartion of hamilton beeman memorial association.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$36K
Ln 12
Investment incomeLn 3$36K
Money outPt IX
$32K
Ln 25
Programscol B$22K
Managementcol C$10K
Owns and owesPt X
$710K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$710K
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$36K
Gains on assetsLn 7$14K
Total revenueLn 12$36K
Assets in detailPt X, end of year
CashLn 1−$1
SavingsLn 2$17K
Cash and savings togetherLn 1–2$17K
InvestmentsLn 11–13$693K
Total assetsLn 16$710K
LiabilitiesLn 26$0
Net assetsLn 32$710K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderOctober
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 FY23End FY23
Cash and savingsLn 1–2$20K$17K
InvestmentsLn 11–13$686K$693K
Total assetsLn 16$707K$710K
LiabilitiesLn 26$0$0
Net assetsLn 32$707K$710K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$9K$9K
Accounting feesLn 11c$695$695
Other expenses (24a–d)Ln 24$22K$22K
Total functional expensesLn 25$32K$22K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $35K$32K$2K$704K 990 PDF
FY2024 $20K$29K−$9K$701K 990 PDF
FY2023 Viewing $36K$32K$4K$710K 990 PDF
FY2022 $28K$39K−$11K$707K 990 PDF
FY2021 $24K$29K−$5K$718K 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 FY2023 990 (6 parts)
Part I · Summary $36,051 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,100$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $12,911$36,051
I-11 Other revenue$0
I-12 Total revenuePrior year $28,011$36,051
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,016$9,376
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $29,471$23,022
I-18 Total expensesPrior year $39,487$32,398
I-19 Revenue less expensesPrior year −$11,476$3,653
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 $36,051 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $22,234$22,234
VIII-7 Net gain or loss on sales of assetsExcluded from tax $13,817$13,817
VIII-12 Total revenueExcluded from tax $36,051$36,051
Part IX · Statement of functional expenses $32,398 across 3 lines filed
IX-5 Pay of current officers, directors and key staffManagement $9,376$9,376
IX-11c Accounting feesManagement $695$695
IX-24 Other expenses (24a–d)Programs $22,327$22,327
IX-25 Total functional expensesPrograms $22,327 · Management $10,071 · Fundraising $0$32,398
Part X · Balance sheet $710,218 assets, 8 lines filed
X-1 Cash, non-interest-bearing−$1
X-2 Savings and temporary cash investmentsStart of year $20,342$17,336
X-11 Publicly traded securitiesStart of year $686,223$692,883
X-16 Total assetsStart of year $706,565$710,218
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $706,565$710,218
X-32 Total net assets or fund balancesStart of year $706,565$710,218
X-33 Total liabilities and net assetsStart of year $706,565$710,218
Part XI · Reconciliation of net assets $710,218 net assets at year end
XI-1 Total revenue$36,051
XI-2 Total expenses$32,398
XI-3 Revenue less expenses$3,653
XI-4 Net assets at start of year$706,565
XI-10 Net assets at end of year$710,218

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

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