Nonprofit · EIN 13-4281766
COSERV CHARITABLE FOUNDATION
Tax-exempt · CORINTH, TX 76210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,926,285 | $2,041,750 | -$115,465 | $186,577 | $4,049 | $182,528 |
| December 31, 2023 | 990 | $1,795,783 | $1,676,920 | $118,863 | $298,993 | $1,000 | $297,993 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,920,215
- Program service revenue
- $0
- Investment income
- $6,070
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,945,434
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,041,750
Balance sheet and other
- Total assets, start of year
- $298,993
- Total assets, end of year
- $186,577
- Total liabilities, end of year
- $4,049
- Net assets, end of year
- $182,528
- Net assets without donor restrictions
- $182,528
- Gross receipts
- $1,926,285
- Employees
- 0
- Volunteers
- 37
- Year formed
- 2004
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PHILIP HASSEL | DIRECTOR Trustee or director | 3 | $0 | $349,596 | $215,985 |
| DENISE SMITHERS | DIRECTOR Trustee or director | 1 | $0 | $385,948 | $135,506 |
| GARY FRANZEN | DIRECTOR Trustee or director | 1 | $0 | $366,659 | $149,828 |
| BRENT BISHOP | SECRETARY-TREASURER Trustee or director, Officer | 1 | $0 | $387,075 | $122,510 |
| GREG WARD | PRESIDENT Trustee or director, Officer | 1 | $0 | $370,125 | $121,715 |
| JEFFREY MCNEAL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $369,318 | $110,814 |
| DYAN JAMES | DIRECTOR Trustee or director | 1 | $0 | $347,832 | $76,253 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PHILIP HASSEL | DIRECTOR Trustee or director | 2 | $0 | $315,256 | $187,783 |
| DENISE SMITHERS | DIRECTOR Trustee or director | 1.5 | $0 | $365,317 | $129,187 |
| BRENT BISHOP | SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $371,558 | $115,956 |
| JEFFREY MCNEAL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $350,210 | $111,139 |
| GREG WARD | PRESIDENT Trustee or director, Officer | 1 | $0 | $348,768 | $111,535 |
| GARY FRANZEN | DIRECTOR Trustee or director | 1 | $0 | $323,602 | $109,676 |
| DYAN JAMES | DIRECTOR Trustee or director | 1 | $0 | $312,590 | $60,054 |
| ROBBY HAMLIN 123 | DIRECTOR Trustee or director | 1 | $0 | $214,361 | $58,389 |
Address and contacts
- Address (IRS master file)
- 7701 SOUTH STEMMONS FREEWAY, CORINTH, TX 76210-0000
- In care of
- % COSERV ELECTRIC
- Principal officer (990 for 2024)
- BRENT BISHOP, 7701 SOUTH STEMMONS FREEWAY, CORINTH, TX 762101842
- Signed the 990
- BRENT BISHOP, SECRETARY/TREASURER
- Phone
- (940) 321-7800
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO PROVIDE (1) FINANCIAL ASSISTANCE TO INDIVIDUALS AND THEIR FAMILIES THROUGH SPECIFIC ASSISTANCE AND CONTRIBUTIONS TO LOCAL CHARITIES AND COMMUNITY PROJECTS, AND (2) GRANTS TO LOCAL NOT-FOR-PROFITS THAT PROVIDE CRITICAL SERVICES TO THE COMMUNITY AND/OR SUPPORT EDUCATION.
Program accomplishments
- THE ORGANIZATION FUNDED 171 GRANTS, INCLUDING 23 FOR EDUCATION FOUNDATIONS. 72 REQUESTS FOR FUNDING WERE DENIED.Expenses $2,041,750 · grants $1,945,434
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 | Not 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
- 13-4281766
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $186,577
- Income (IRS master file)
- $1,926,285
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,926,285 | $2,041,750 | $186,577 | XML |
| 990 | December 2023 | $1,795,783 | $1,676,920 | $298,993 | XML |
| 990 | December 2022 | $1,652,314 | $1,844,132 | $179,130 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 13-4281766).
Questions about COSERV CHARITABLE FOUNDATION
- What is the EIN of COSERV CHARITABLE FOUNDATION?
- The employer identification number (EIN) of COSERV CHARITABLE FOUNDATION is 13-4281766.
- Is COSERV CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to COSERV CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COSERV CHARITABLE FOUNDATION 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 COSERV CHARITABLE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COSERV CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COSERV CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 names BRENT BISHOP.
- Who are the officers and directors of COSERV CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does COSERV CHARITABLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,926,285, expenses of $2,041,750 and total assets of $186,577 at year end.
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All nonprofits in CORINTH · Texas · Philanthropy, voluntarism and grantmaking foundations