Nonprofit · EIN 31-1807636
MARC ENDOWMENT INC
Tax-exempt · MIDLAND, TX 79705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $244,417 | $309,632 | -$65,215 | $3,219,628 | $0 | $3,219,628 |
| June 30, 2024 | 990 | $158,365 | $306,318 | -$147,953 | $3,197,327 | $0 | $3,197,327 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $250
- Program service revenue
- $0
- Investment income
- $244,167
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $309,632
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $309,632
Balance sheet and other
- Total assets, start of year
- $3,197,327
- Total assets, end of year
- $3,219,628
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,219,628
- Publicly traded securities
- $3,219,584
- Net assets without donor restrictions
- $675,921
- Net assets with donor restrictions
- $2,543,707
- Gross receipts
- $244,417
- Employees
- 0
- Volunteers
- 4
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BLAKE CAUTHEN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KELLY LLOYD | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVID ADAMS | BOARD DIRECTOR Trustee or director | 1 | $0 |
| BROOKS SITKA | BOARD DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDY SHAFFER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TOM HILL | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHARLIE DAVIDSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| BOB MCNAUGHTON | TREASURER Trustee or director, Officer | 1 | $0 |
| BLAKE CAUTHEN | BOARD DIRECTOR Trustee or director | 1 | $0 |
| CLINT WILLIAMSON | BOARD DIRECTOR Trustee or director | 1 | $0 |
| BROOKS SITKA | BOARD DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2701 N A ST, MIDLAND, TX 79705-6611
- Principal officer (990 for 2024)
- KARRI GEILING, 2701 NORTH A STREET, MIDLAND, TX 79705
- Signed the 990
- KARRI GEILING, EXECUTIVE DIRECTOR
- Phone
- (432) 695-9001
- Return prepared by
- WHITLEY PENN LLP
Mission
THE ORGANIZATION OPERATES FOR THE EXCLUSIVE BENEFIT OF MARC, INC. BY MANAGING ENDOWMENT INVESTMENTS AND MAKING GRANTS TO OR FOR THE BENEFIT OF MARC, INC., AND ENGAGING IN ACTIVITIES THAT SUPPORT OR BENEFIT MARC, INC.
Program accomplishments
- THE ORGANIZATION MANAGES AN ENDOWMENT FUND AND ENGAGES IN ACTIVITIES FOR THE EXCLUSIVE BENEFIT OF MARC, INC.Expenses $309,632 · grants $309,632
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1807636
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P118)
- Assets (IRS master file)
- $3,219,628
- Income (IRS master file)
- $244,417
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $244,417 | $309,632 | $3,219,628 | IRS |
| 990 | June 2024 | $158,365 | $306,318 | $3,197,327 | IRS |
| 990 | June 2023 | $335,535 | $96,726 | $2,860,679 | IRS |
| 990 | June 2022 | $58,181 | $20,707 | $2,476,684 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 31-1807636).
Questions about MARC ENDOWMENT INC
- What is the EIN of MARC ENDOWMENT INC?
- The employer identification number (EIN) of MARC ENDOWMENT INC is 31-1807636.
- Is MARC ENDOWMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to MARC ENDOWMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MARC ENDOWMENT 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 MARC ENDOWMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARC ENDOWMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MARC ENDOWMENT INC?
- The 990 for the year ended June 30, 2025 names KARRI GEILING.
- Who are the officers and directors of MARC ENDOWMENT INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MARC ENDOWMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $244,417, expenses of $309,632 and total assets of $3,219,628 at year end.
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