Nonprofit · EIN 75-0479522
PALO DURO CLUB
Tax-exempt · AMARILLO, TX 79105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990 | $355,692 | $373,349 | -$17,657 | $347,529 | $33,223 | $314,306 |
| February 29, 2024 | 990 | $311,159 | $341,561 | -$30,402 | $332,579 | $616 | $331,963 |
Financial details: 990 for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $351,882
- Investment income
- $0
- Net income from fundraising events
- -$1,228
- Other revenue
- $3,810
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $42,474
- Other salaries and wages
- $4,473
- Salaries, compensation and benefits (total)
- $52,651
- Professional fundraising fees
- $0
- Accounting fees
- $56,094
- Depreciation
- $73,301
- Program services (functional)
- $344,798
- Management and general (functional)
- $28,551
Balance sheet and other
- Total assets, start of year
- $332,579
- Total assets, end of year
- $347,529
- Total liabilities, end of year
- $33,223
- Net assets, end of year
- $314,306
- Land, buildings and equipment
- $306,379
- Gross receipts
- $360,370
- Employees
- 2
- Year formed
- 1905
- 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 February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL LOVELADY | PRESIDENT Officer | 2 | $0 |
| BART BOXWELL | VICE PRESIDE Officer | 2 | $0 |
| PAT WARE | TREASURER Officer | 2 | $0 |
| COLLIN MCCARTT | SECRETARY Officer | 2 | $0 |
| KIM BARRETT | EXECUTIVE AS Officer | 4 | $0 |
| BRIAN FARABOUGH | MEMBER Trustee or director | 2 | $0 |
| JOHN MCKINLEY | MEMBER Trustee or director | 2 | $0 |
| ANDREW MITCHELL | MEMBER Trustee or director | 2 | $0 |
| PAT SANDERS | MEMBER Trustee or director | 2 | $0 |
| JERRY DON THOMPSON | MEMBER Trustee or director | 2 | $0 |
990 for the year ended February 29, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MABLE KELLING | SECRETARY Officer | 2 | $26,006 |
| PAT SANDERS | PRESIDENT Trustee or director, Officer | 10 | $0 |
| CAROLINE SMITH | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| PAT WARE | TREASURER Trustee or director, Officer | 2 | $0 |
| BRIAN FARABOUGH | MEMBER Trustee or director | 2 | $0 |
| CAROL LOVELADY | MEMBER Trustee or director | 2 | $0 |
| COLLIN MCCARTT | MEMBER Trustee or director | 2 | $0 |
| JOE MCKAY | MEMBER Trustee or director | 2 | $0 |
| ANDREW MITCHELL | MEMBER Trustee or director | 2 | $0 |
| PHILIP WHEELER | MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 501, AMARILLO, TX 79105-0501
- Principal officer (990 for 2024)
- CAROL LOVELADY, 2817 CROCKETT ST, AMARILLO, TX 79109
- Signed the 990
- CAROL LOVELADY, PRESIDENT
- Phone
- (806) 655-0690
- Return prepared by
- LPT CPAS ADVISORS PLLC
Mission
THE PALO DURO CLUB IS A SOCIAL CLUB ORGANIZED TO PROVIDE IT'S MEMBERS A RURAL RETREAT WHERE THEY CAN ENJOY OUTDOOR AND SOCIAL ACTIVITIES INCLUDING SWIMMING, TENNIS, HIKING AND HORSEBACK RIDING.
Program accomplishments
- THE PALO DURO CLUB SUCCEEDED IN PROVIDING A RURAL ENVIRONMENT FOR MEMBER RECREATION. IN ADDITION TO ON-GOING ACTIVITIES INCLUDING SWIMMING, TENNIS AND HORSEBACK RIDING THE CLUB MADE IMPROVEMENTS TO THE FACILITIES.
- THE PALO DURO CLUB SUCCEEDED IN PROVIDING A RURAL ENVIRONMENT FOR MEMBERRECREATION. IN ADDITION TO ON-GOING ACTIVITIES INCLUDING SWIMMING, TENNIS AND HORSEBACK RIDING THE CLUB MADE IMPROVEMENTS TO THE FACILITIES.
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 75-0479522
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $347,529
- Income (IRS master file)
- $360,370
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2025 | $355,692 | $373,349 | $347,529 | XML |
| 990 | February 2024 | $311,159 | $341,561 | $332,579 | XML |
| 990 | February 2023 | $315,105 | $298,407 | $362,954 | IRS |
| 990 | February 2022 | – | – | – | IRS |
| 990 | February 2021 | – | – | – | IRS |
| 990 | February 2020 | – | – | – | IRS |
| 990 | February 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 75-0479522).
Questions about PALO DURO CLUB
- What is the EIN of PALO DURO CLUB?
- The employer identification number (EIN) of PALO DURO CLUB is 75-0479522.
- Is PALO DURO CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1969.
- Are donations to PALO DURO CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PALO DURO CLUB 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 PALO DURO CLUB due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALO DURO CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2025.
- Who is the principal officer of PALO DURO CLUB?
- The 990 for the year ended February 28, 2025 names CAROL LOVELADY.
- Who are the officers and directors of PALO DURO CLUB?
- The 990 for the year ended February 28, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does PALO DURO CLUB have?
- On its 990 for the year ended February 28, 2025 it reported revenue of $355,692, expenses of $373,349 and total assets of $347,529 at year end.
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