Nonprofit · EIN 74-2123714
THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND
Tax-exempt · SAN ANTONIO, TX 78299
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2026 | 990 | $355,093 | $363,711 | -$8,618 | $8,565,820 | $0 | $8,565,820 |
| May 31, 2025 | 990 | $230,411 | $307,492 | -$77,081 | $8,574,438 | $0 | $8,574,438 |
| May 31, 2024 | 990 | $331,524 | $343,795 | -$12,271 | $8,651,519 | $0 | $8,651,519 |
Financial details: 990 for the year ended May 31, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $355,093
- Net gain from sales of assets
- $69,712
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $259,547
- Compensation of officers, directors and key employees
- $71,650
- Salaries, compensation and benefits (total)
- $71,650
- Professional fundraising fees
- $0
- Accounting fees
- $9,667
- Program services (functional)
- $336,030
- Management and general (functional)
- $27,681
Balance sheet and other
- Total assets, start of year
- $8,574,438
- Total assets, end of year
- $8,565,820
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,565,820
- Publicly traded securities
- $8,193,815
- Gross receipts
- $906,250
- Employees
- 0
- Year formed
- 1980
- 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 May 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FROST BANK TRUSTEE | DEBBIE BROEMSEN, ADMINISTRATOR Institutional trustee | 40 | $90,696 |
990 for the year ended May 31, 2025: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FROST BANK TRUSTEE | DEBBIE BROEMSEN, ADMINISTRATOR Institutional trustee | 40 | $84,842 |
990 for the year ended May 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FROST BANK TRUSTEE | DEBBIE BROEMSEN, ADMINISTRATOR Institutional trustee | 40 | $79,643 |
Address and contacts
- Address (IRS master file)
- PO BOX 2950, SAN ANTONIO, TX 78299-2950
- In care of
- % FROST BANK TRUST DEPT
- Principal officer (990 for 2025)
- DEBBIE BROEMSEN, FROST BANK TRUSTEE PO BOX, SAN ANTONIO, TX 782992950
- Signed the 990
- DEBBIE BROEMSEN, TRUSTEE
- Phone
- (210) 220-4623
- Return prepared by
- ERNST & YOUNG US LLP
Mission
AS SET FORTH IN THE TRUST INSTRUMENT AND FOLLOWED BY THE TRUSTEE, THIS ORGANIZATION SUPPORTS SOUTHWESTERN UNIVERSITY, TEXAS WESLEYAN UNIVERSITY AND SOUTHERN METHODIST UNIVERSITY.
Program accomplishments
- SOUTHWESTERN UNIVERSITYExpenses $112,010 · grants $86,515
- TEXAS WESLEYAN UNIVERSITYExpenses $112,010 · grants $86,516
- SOUTHERN METHODIST UNIVERSITYExpenses $112,010 · grants $86,516
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | 990 on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2123714
- 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
- 1983
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,565,820
- Income (IRS master file)
- $906,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2026 | $355,093 | $363,711 | $8,565,820 | XML |
| 990 | May 2025 | $230,411 | $307,492 | $8,574,438 | XML |
| 990 | May 2024 | $331,524 | $343,795 | $8,651,519 | XML |
| 990 | May 2023 | $395,869 | $341,570 | $8,663,790 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | 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 74-2123714).
Questions about THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND
- What is the EIN of THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND?
- The employer identification number (EIN) of THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND is 74-2123714.
- Is THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND 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 THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2026.
- Who is the principal officer of THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND?
- The 990 for the year ended May 31, 2026 names DEBBIE BROEMSEN.
- Who are the officers and directors of THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND?
- The 990 for the year ended May 31, 2026 lists 1 person; 1 received compensation from the organization, the highest $90,696 (FROST BANK TRUSTEE, DEBBIE BROEMSEN, ADMINISTRATOR).
- How much revenue does THOMAS LUCIUS DOWNS JR & GRACE PATE DOWNS SCHOLARSHIP FUND have?
- On its 990 for the year ended May 31, 2026 it reported revenue of $355,093, expenses of $363,711 and total assets of $8,565,820 at year end.
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