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Nonprofit · EIN 74-2924398

TIFT ENDOWMENT FUND INC

Tax-exempt · S PADRE ISLE, TX 78597

Financials

$103K$102K2023$162K$104K2024
Revenue Expenses · by fiscal year end
Financials of TIFT ENDOWMENT FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$161,772$104,000$57,772$881,881$0$881,881
December 31, 2023990$102,893$102,000$893$824,109$0$824,109
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$53,000
Program service revenue
$0
Investment income
$108,772
Other revenue
$0

Expenses

Grants and similar amounts paid
$104,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$104,000

Balance sheet and other

Total assets, start of year
$824,109
Total assets, end of year
$881,881
Total liabilities, end of year
$0
Net assets, end of year
$881,881
Gross receipts
$161,772
Employees
0
Year formed
1973
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.

NameTitleHours / weekCompensation
SARA TIPPITPresident
Trustee or director, Officer
0$0
BRENT BALDREETreasurer
Trustee or director, Officer
0$0
DAVID GOWERSecretary
Trustee or director, Officer
0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
ART DELGADOVICE PRESIDENT
Trustee or director, Officer
0$0
SARA TIPPITPRESIDENT
Trustee or director, Officer
0$0
BRENT BALDREETREASURER
Trustee or director, Officer
0$0
DAVID GOWERSECRETARY
Trustee or director, Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 2715, S PADRE ISLE, TX 78597-2715
In care of
% R TERRY GRAY
Principal officer (990 for 2024)
SARA TIPPIT, PO BOX 2715, SOUTH PADRE ISLAND, TX 78597
Signed the 990
SARA TIPPIT, President
Phone
(956) 943-8438
Return prepared by
Moore Lyles McCarty & McGilvray LLP

Mission

THE ENDOWMENT FUND AWARDS SCHOLARSHIPS WITH GRANTS FROM THE TEXAS INTERNATIONAL FISHING TOURNAMENT, INC

990 for the year ended December 31, 2024

Program accomplishments

  • THE ENDOWMENT FUND AWARDS SCHOLARSHIPS FROM GRANTS MADE BY THE TEXAS INTERNATIONAL FISHING TOURNAMENT
    Expenses $104,000 · grants $104,000 · revenue $161,772

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-2924398
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
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$881,881
Income (IRS master file)
$161,772

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$161,772$104,000$881,881XML
990December 2023$102,893$102,000$824,109XML
990December 2022$78,997$181,559$823,216IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about TIFT ENDOWMENT FUND INC

What is the EIN of TIFT ENDOWMENT FUND INC?
The employer identification number (EIN) of TIFT ENDOWMENT FUND INC is 74-2924398.
Is TIFT ENDOWMENT FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to TIFT ENDOWMENT FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TIFT ENDOWMENT FUND 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 TIFT ENDOWMENT FUND INC 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 TIFT ENDOWMENT FUND INC 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 TIFT ENDOWMENT FUND INC?
The 990 for the year ended December 31, 2024 names SARA TIPPIT.
Who are the officers and directors of TIFT ENDOWMENT FUND INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does TIFT ENDOWMENT FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $161,772, expenses of $104,000 and total assets of $881,881 at year end.

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