Nonprofit · EIN 02-0605405
CARTHAGE ISD EDUCATION FOUNDATION INC
Tax-exempt · CARTHAGE, TX 75633
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,512,103 | $327,210 | $1,184,893 | $3,205,130 | $0 | $3,205,130 |
| December 31, 2024 | 990 | $313,939 | $306,067 | $7,872 | $2,020,237 | $0 | $2,020,237 |
| December 31, 2023 | 990 | $94,587 | $271,412 | -$176,825 | $2,012,365 | $0 | $2,012,365 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $521,262
- Membership dues
- $6,450
- Program service revenue
- $42,524
- Investment income
- $948,317
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $304,615
- Management and general (functional)
- $22,595
Balance sheet and other
- Total assets, start of year
- $2,020,237
- Total assets, end of year
- $3,205,130
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,205,130
- Gross receipts
- $1,512,103
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sallie Lipsey | President Trustee or director, Officer | 5 | $0 |
| Mary Ella Sherman | V President Trustee or director, Officer | 1 | $0 |
| Kevin Smith | V President Trustee or director, Officer | 1 | $0 |
| Jarrod Bitter | Secretary Trustee or director, Officer | 1 | $0 |
| Matt Pool | Treasurer Trustee or director, Officer | 1 | $0 |
| Jerry Hanszen | Director at Large Trustee or director | 0 | $0 |
| Jim Payne | Director at Large Trustee or director | 0 | $0 |
| Tate Barber | Director at Large Trustee or director | 0 | $0 |
| John C Ray | Director at Large Trustee or director | 0 | $0 |
| Paul Beatty | Director Trustee or director | 0 | $0 |
| Warren Biggs | Director Trustee or director | 0 | $0 |
| Gina Sue Bradley | Director Trustee or director | 0 | $0 |
| Sherry Brewster | Director Trustee or director | 0 | $0 |
| Christie Chandler | Director Trustee or director | 0 | $0 |
| Dr Ben Donald | Director Trustee or director | 0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gene Giles | Director Trustee or director | 0 | $0 |
| Kathleen Kruebbe | Director Trustee or director | 0 | $0 |
| Dr Wayne Kyle | Director Trustee or director | 0 | $0 |
| Misty Ladymon | Director Trustee or director | 0 | $0 |
| Stuart Lipsey | Director Trustee or director | 0 | $0 |
| Nancy Langford | Director Trustee or director | 0 | $0 |
| Rose Helen Reid | Director Trustee or director | 0 | $0 |
| Bobby Ritter | Director Trustee or director | 0 | $0 |
| Twink Ross | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sallie Lipsey | President Trustee or director, Officer | 5 | $0 |
| Mary Ella Sherman | V President Trustee or director, Officer | 1 | $0 |
| Kevin Smith | V President Trustee or director, Officer | 1 | $0 |
| Jarrod Bitter | Secretary Trustee or director, Officer | 1 | $0 |
| Matt Pool | Treasurer Trustee or director, Officer | 1 | $0 |
| Jerry Hanszen | Director at Large Trustee or director | 0 | $0 |
| Jim Payne | Director at Large Trustee or director | 0 | $0 |
| Tate Barber | Director at Large Trustee or director | 0 | $0 |
| John C Ray | Director at Large Trustee or director | 0 | $0 |
| Paul Beatty | Director Trustee or director | 0 | $0 |
| Warren Biggs | Director Trustee or director | 0 | $0 |
| Gina Sue Bradley | Director Trustee or director | 0 | $0 |
| Sherry Brewster | Director Trustee or director | 0 | $0 |
| Christie Chandler | Director Trustee or director | 0 | $0 |
| Dr Ben Donald | Director Trustee or director | 0 | $0 |
| Gene Giles | Director Trustee or director | 0 | $0 |
| Kathleen Kruebbe | Director Trustee or director | 0 | $0 |
| Dr Wayne Kyle | Director Trustee or director | 0 | $0 |
| Misty Ladymon | Director Trustee or director | 0 | $0 |
| Stuart Lipsey | Director Trustee or director | 0 | $0 |
| Nancy Langford | Director Trustee or director | 0 | $0 |
| Rose Helen Reid | Director Trustee or director | 0 | $0 |
| Bobby Ritter | Director Trustee or director | 0 | $0 |
| Twink Ross | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sallie Lipsey | President Trustee or director, Officer | 5 | $0 |
| Mary Ella Sherman | V President Trustee or director, Officer | 1 | $0 |
| Kevin Smith | V President Trustee or director, Officer | 1 | $0 |
| Jarrod Bitter | Secretary Trustee or director, Officer | 1 | $0 |
| Matt Pool | Treasurer Trustee or director, Officer | 1 | $0 |
| Jerry Hanszen | Director at Large Trustee or director | 0 | $0 |
| Jim Payne | Director at Large Trustee or director | 0 | $0 |
| Tate Barber | Director at Large Trustee or director | 0 | $0 |
| John C Ray | Director at Large Trustee or director | 0 | $0 |
| Paul Beatty | Director Trustee or director | 0 | $0 |
| Warren Biggs | Director Trustee or director | 0 | $0 |
| Gina Sue Bradley | Director Trustee or director | 0 | $0 |
| Sherry Brewster | Director Trustee or director | 0 | $0 |
| Christie Chandler | Director Trustee or director | 0 | $0 |
| Dr Ben Donald | Director Trustee or director | 0 | $0 |
| Gene Giles | Director Trustee or director | 0 | $0 |
| Kathleen Kruebbe | Director Trustee or director | 0 | $0 |
| Dr Wayne Kyle | Director Trustee or director | 0 | $0 |
| Misty Ladymon | Director Trustee or director | 0 | $0 |
| Stuart Lipsey | Director Trustee or director | 0 | $0 |
| Nancy Langford | Director Trustee or director | 0 | $0 |
| Rose Helen Reid | Director Trustee or director | 0 | $0 |
| Bobby Ritter | Director Trustee or director | 0 | $0 |
| Twink Ross | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 BULLDOG DR, CARTHAGE, TX 75633-2370
- In care of
- % CYNTHIA HARKRIDER
- Principal officer (990 for 2025)
- Tracey Smith, 1 BULLDOG DRIVE, CARTHAGE, TX 75633
- Signed the 990
- Tracey Smith, Executive Director
- Phone
- (903) 693-3806
- Return prepared by
- Kathy Ballard
Mission
To provide enhanced educational opportunities to those served by the local school district.
Program accomplishments
- To provide enhanced educational opportunities to those served by the local school district.Expenses $304,615 · revenue $1,512,103
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0605405
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $3,205,130
- Income (IRS master file)
- $1,512,103
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,512,103 | $327,210 | $3,205,130 | XML |
| 990 | December 2024 | $313,939 | $306,067 | $2,020,237 | XML |
| 990 | December 2023 | $94,587 | $271,412 | $2,012,365 | XML |
| 990 | December 2022 | $252,146 | $214,950 | $2,189,191 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0605405).
Questions about CARTHAGE ISD EDUCATION FOUNDATION INC
- What is the EIN of CARTHAGE ISD EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of CARTHAGE ISD EDUCATION FOUNDATION INC is 02-0605405.
- Is CARTHAGE ISD EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to CARTHAGE ISD EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARTHAGE ISD EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CARTHAGE ISD EDUCATION FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARTHAGE ISD EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CARTHAGE ISD EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Tracey Smith.
- Who are the officers and directors of CARTHAGE ISD EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 24 people; 0 received compensation from the organization.
- How much revenue does CARTHAGE ISD EDUCATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,512,103, expenses of $327,210 and total assets of $3,205,130 at year end.
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