Hsb Park INC FY2021 filing

Tax-deductible

Horseshoe Bay, TX501(c)(3)EnvironmentEIN 84-4349247Revenue $460K in FY2021

On file with the IRShsbpark.orgPo Box 7651, 78657-7651 · Horseshoe Bay, TXTax-exempt since Apr 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Development and operation of a nature park To restore and preserve an indigenous habitat inspiring appreciation of nature

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2021 · 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
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 surplus $95K a year · 68% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 34.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $37K
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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$460K
Spent
$15K
To programs
0%
Net assets
$573K
By yearFY2021–FY2025
Revenue
$460K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$460K
FY2022$81K
FY2023$46K
FY2024$53K
FY2025$61K
Expenses
$15K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$15K
FY2022$8K
FY2023$63K
FY2024$78K
FY2025$61K
Net assets
$573K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$573K
FY2022$664K
FY2023$647K
FY2024$621K
FY2025$621K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Hsb Park INC 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

Restores and preserves indigenous habitats, operating a nature park to inspire appreciation.

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Provided by the organization

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1 program · $15K · in their own filed words · FY2021
01

The park's design was completed and all major construction was finished in 2021. The park was officially opened to the public in December 2021

$15Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$37K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$460K
Ln 12
Gifts and grantsLn 1h$460K
Investment incomeLn 3$484
Money outPt IX
$15K
Ln 25
Owns and owesPt X
$573K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$573K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$460K
Noncash giftsLn 1g$55K
Investment incomeLn 3$484
Total revenueLn 12$460K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Land, buildings, equipmentLn 10c$531K
Total assetsLn 16$573K
LiabilitiesLn 26$0
Net assetsLn 32$573K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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$128K$42K
Land, buildings, equipmentLn 10c$531K
Total assetsLn 16$128K$573K
LiabilitiesLn 26$0$0
Net assetsLn 32$128K$573K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$884
Office expensesLn 13$1K
OccupancyLn 16$100
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$11K
Total functional expensesLn 25$15K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $61K$61K−$399$621K 990 PDF
FY2024 $53K$78K−$26K$621K 990 PDF
FY2023 $46K$63K−$17K$647K 990 PDF
FY2022 $81K$8K$73K$664K 990 PDF
FY2021 Viewing $460K$15K$446K$573K 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 FY2021 990 (6 parts)
Part I · Summary $460,301 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $148,235$459,817
I-9 Program service revenue$0
I-10 Investment income$484
I-11 Other revenue$0
I-12 Total revenuePrior year $148,235$460,301
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 $20,444$14,742
I-18 Total expensesPrior year $20,444$14,742
I-19 Revenue less expensesPrior year $127,791$445,559
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $460,301 across 6 lines filed
VIII-1f All other contributions, gifts and grants$459,817
VIII-1g Noncash contributions (included above)$54,539
VIII-1h Total contributions, gifts and grants$459,817
VIII-3 Investment incomeRelated to mission $484$484
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $484$460,301
Part IX · Statement of functional expenses $14,742 across 5 lines filed
IX-12 Advertising and promotion$884
IX-13 Office expenses$1,094
IX-16 Occupancy$100
IX-23 Insurance$1,639
IX-24 Other expenses (24a–d)$11,025
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$14,742
Part X · Balance sheet $573,350 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $127,791$42,481
X-10c Land, buildings and equipment, net$530,869
X-16 Total assetsStart of year $127,791$573,350
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $127,791$573,350
X-32 Total net assets or fund balancesStart of year $127,791$573,350
X-33 Total liabilities and net assetsStart of year $127,791$573,350
Part XI · Reconciliation of net assets $573,350 net assets at year end
XI-1 Total revenue$460,301
XI-2 Total expenses$14,742
XI-3 Revenue less expenses$445,559
XI-4 Net assets at start of year$127,791
XI-10 Net assets at end of year$573,350

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

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