Nonprofit · EIN 23-7315230
BRECKENRIDGE INDUSTRIAL FOUNDATION INC
Tax-exempt · BRECKENRIDGE, TX 76424
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $47,259 | $79,951 | -$32,692 | $738,731 | $0 | $738,731 |
| December 31, 2024 | 990 | $196,634 | $14,151 | $182,483 | $771,423 | $0 | $771,423 |
| December 31, 2023 | 990 | $38,493 | $28,062 | $10,431 | $588,940 | $0 | $588,940 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $25,000
- Program service revenue
- $0
- Investment income
- $21,772
- Royalties
- $487
- Other revenue
- $487
Expenses
- Grants and similar amounts paid
- $73,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $725
- Program services (functional)
- $73,000
Balance sheet and other
- Total assets, start of year
- $771,423
- Total assets, end of year
- $738,731
- Total liabilities, end of year
- $0
- Net assets, end of year
- $738,731
- Land, buildings and equipment
- $79,507
- Net assets without donor restrictions
- $738,731
- Gross receipts
- $47,259
- Employees
- 0
- Year formed
- 1984
- 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 |
|---|---|---|---|
| JONATHAN NEWTON | PRESIDENT Trustee or director, Officer | 0 | $0 |
| MIKE PARRACK | TREASURER Trustee or director | 0 | $0 |
| SCOTT HARRIS | DIRECTOR Trustee or director | 0 | $0 |
| BECKY DOWNING | DIRECTOR Trustee or director | 0 | $0 |
| JAMES SHELTON | DIRECTOR Trustee or director | 0 | $0 |
| PAUL PRATER | DIRECTOR Trustee or director | 0 | $0 |
| LEE OLSON | DIRECTOR Trustee or director | 0 | $0 |
| BRUCE CURRY | DIRECTOR Trustee or director | 0 | $0 |
| NEAL EDWARDS | DIRECTOR Trustee or director | 0 | $0 |
| VIRGIL MOORE | DIRECTOR Trustee or director | 0 | $0 |
| DAVID DUGGAN | DIRECTOR Trustee or director, Officer | 0 | $0 |
| JON JACKSON | SECRETARY Trustee or director, Officer | 0 | $0 |
| KEVIN SIMMONS | VICE CHAIR Trustee or director, Officer | 0 | $0 |
| WADE TOOMBS | DIRECTOR Trustee or director | 0 | $0 |
| KEVIN KING | DIRECTOR Trustee or director | 0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL PARIS | ASST SECRETARY Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN NEWTON | PRESIDENT Trustee or director, Officer | 0 | $0 |
| MIKE PARRACK | DIRECTOR Trustee or director | 0 | $0 |
| SCOTT HARRIS | DIRECTOR Trustee or director | 0 | $0 |
| BECKY DOWNING | DIRECTOR Trustee or director | 0 | $0 |
| JAMES SHELTON | DIRECTOR Trustee or director | 0 | $0 |
| PAUL PRATER | DIRECTOR Trustee or director | 0 | $0 |
| LEE OLSON | DIRECTOR Trustee or director | 0 | $0 |
| BRUCE CURRY | DIRECTOR Trustee or director | 0 | $0 |
| NEAL EDWARDS | DIRECTOR Trustee or director | 0 | $0 |
| CURT MCCLYMOND | DIRECTOR Trustee or director | 0 | $0 |
| VIRGIL MOORE | SECRETARY Trustee or director | 0 | $0 |
| DAVID DUGGAN | TREASURER Trustee or director, Officer | 0 | $0 |
| JON JACKSON | VICEPRESIDENT Trustee or director, Officer | 0 | $0 |
| KEVIN SIMMONS | PRESIDENT Trustee or director, Officer | 0 | $0 |
| WADE TOOMBS | DIRECTOR Trustee or director | 0 | $0 |
| KEVIN KING | DIRECTOR Trustee or director | 0 | $0 |
| DAVID MILLER | ASST SECRETARY Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jonathan Newton | Director Trustee or director | 0 | $0 |
| Mike Parrack | Director Trustee or director | 0 | $0 |
| Scott Harris | Director Trustee or director | 0 | $0 |
| Becky Downing | Director Trustee or director | 0 | $0 |
| James Shelton | Director Trustee or director | 0 | $0 |
| Paul Prater | Director Trustee or director | 0 | $0 |
| Lee Olson | Director Trustee or director | 0 | $0 |
| Bruce Curry | Director Trustee or director | 0 | $0 |
| Neal Edwards | Director Trustee or director | 0 | $0 |
| Curt McClymond | Drector Trustee or director | 0 | $0 |
| Virgil Moore | Director Trustee or director | 0 | $0 |
| David Duggan | Sec/Treasurer Trustee or director, Officer | 1 | $0 |
| Jon Jackson | Vice-Pres Trustee or director, Officer | 0 | $0 |
| Kevin Simmons | President Trustee or director, Officer | 0 | $0 |
| Wade Toombs | Director Trustee or director | 0 | $0 |
| Kevin King | Director Trustee or director | 0 | $0 |
| Davd Miller | Asst Sec. Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1466, BRECKENRIDGE, TX 76424-1466
- In care of
- % JONATHAN NEWTON
- Principal officer (990 for 2025)
- JONATHAN NEWTON, PO BOX 1466, BRECKENRIDGE, TX 76424
- Signed the 990
- JONATHAN NEWTON, PRESIDENT
- Phone
- (254) 559-2301
- Return prepared by
- KELSEY CORNWALL
Mission
Economic development and promotion of industry and business within the city and county.
Program accomplishments
- The foundation has been instrumental in the development of vacant lots within the city of Breckenridge, assistance with acquisitions of business property for new locations for existing and new industry and clean up and demolition of abandoned properties for new industry and business development.Expenses $79,951 · grants $73,000 · revenue $47,259
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 23-7315230
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $738,731
- Income (IRS master file)
- $47,259
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $47,259 | $79,951 | $738,731 | XML |
| 990 | December 2024 | $196,634 | $14,151 | $771,423 | XML |
| 990 | December 2023 | $38,493 | $28,062 | $588,940 | XML |
| 990 | December 2022 | $28,605 | $31,969 | $578,508 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 23-7315230).
Questions about BRECKENRIDGE INDUSTRIAL FOUNDATION INC
- What is the EIN of BRECKENRIDGE INDUSTRIAL FOUNDATION INC?
- The employer identification number (EIN) of BRECKENRIDGE INDUSTRIAL FOUNDATION INC is 23-7315230.
- Is BRECKENRIDGE INDUSTRIAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to BRECKENRIDGE INDUSTRIAL FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BRECKENRIDGE INDUSTRIAL FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BRECKENRIDGE INDUSTRIAL 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 BRECKENRIDGE INDUSTRIAL 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 BRECKENRIDGE INDUSTRIAL FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names JONATHAN NEWTON.
- Who are the officers and directors of BRECKENRIDGE INDUSTRIAL FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does BRECKENRIDGE INDUSTRIAL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $47,259, expenses of $79,951 and total assets of $738,731 at year end.
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