Nonprofit · EIN 75-2115489
BOWIE EDUCATIONAL FOUNDATION
Tax-exempt · BOWIE, TX 76230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $128,443 | $63,468 | $64,975 | $1,245,532 | $0 | $1,245,532 |
| December 31, 2023 | 990 | $94,940 | $57,392 | $37,548 | $1,180,557 | $0 | $1,180,557 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $24,135
- of which government grants
- $24,135
- Program service revenue
- $0
- Investment income
- $101,944
- Royalties
- $143
- Other revenue
- $2,364
Expenses
- Grants and similar amounts paid
- $63,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $396
- Program services (functional)
- $63,000
- Management and general (functional)
- $468
Balance sheet and other
- Total assets, start of year
- $1,180,557
- Total assets, end of year
- $1,245,532
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,245,532
- Publicly traded securities
- $1,193,084
- Net assets without donor restrictions
- $1,245,532
- Gross receipts
- $128,443
- Employees
- 0
- Year formed
- 1985
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGIN STOVALL LATHAM | PRESIDENT Officer | 0.5 | $0 |
| RICHARD STEPHENS | VICE- PRESID Officer | 0.5 | $0 |
| RUTH EVANS CORDELL | SECRETARY Officer | 0.5 | $0 |
| ALAN MILLER | TREASURER Officer | 0.5 | $0 |
| CARLA SWOFFORD | DIRECTOR Trustee or director | 0.5 | $0 |
| RONNIE HANKINS | DIRECTOR Trustee or director | 0.5 | $0 |
| WARD WALLACE | DIRECTOR Trustee or director | 0.5 | $0 |
| TIM HALL | DIRECTOR Trustee or director | 0.5 | $0 |
| TODD BROWN | DIRECTOR Trustee or director | 0.5 | $0 |
| KRISTA DUVALL | DIRECTOR Trustee or director | 0.5 | $0 |
| JOSH SWINT | DIRECTOR Trustee or director | 0.5 | $0 |
| ROB HANKINS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGIN STOVALL LATHAM | PRESIDENT Officer | 0.5 | $0 |
| RICHARD STEPHENS | VICE- PRESID Officer | 0.5 | $0 |
| RUTH EVANS CORDELL | SECRETARY Officer | 0.5 | $0 |
| ALAN MILLER | TREASURER Officer | 1 | $0 |
| CARLA SWOFFORD | DIRECTOR Trustee or director | 0.5 | $0 |
| RONNIE HANKINS | DIRECTOR Trustee or director | 0.5 | $0 |
| WARD WALLACE | DIRECTOR Trustee or director | 0.5 | $0 |
| TIM HALL | DIRECTOR Trustee or director | 0.5 | $0 |
| TODD BROWN | DIRECTOR Trustee or director | 0.5 | $0 |
| KRISTA DUVALL | DIRECTOR Trustee or director | 0.5 | $0 |
| JOSH SWINT | DIRECTOR Trustee or director | 0.5 | $0 |
| ROB HANKINS | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 992, BOWIE, TX 76230-0992
- In care of
- %FIRST NATIONAL BANK
- Principal officer (990 for 2024)
- MARGIN STOVALL LATHAM
- Signed the 990
- ALAN MILLER, TREASURER
- Phone
- (940) 872-1222
- Return prepared by
- KJL CPA FIRM INC
Mission
LINE 1 - ORGANIZATIONS MISSION OR MOST SIGNIFICANT ACTIVITIES THIS ORGANIZATION MAINTAINS A CONTINUOUS PROGRAM FOR SOLICIATION OF FUNDS FROM THE GENERAL PUBLIC, EXPECIALLY EX-STUDENTS OF BOWIE HIGH SCHOOL, FOR THE PURPOST OF FUNDING SCHOLARSHIPS FOR STUDENTS GRADUATING FROM BOWIE HIGH SCHOOL.
Program accomplishments
- AWARD SCHOLARSHIPSExpenses $63,000 · grants $63,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not 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
- 75-2115489
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,245,532
- Income (IRS master file)
- $128,443
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $128,443 | $63,468 | $1,245,532 | IRS |
| 990 | December 2023 | $94,940 | $57,392 | $1,180,557 | XML |
| 990 | December 2022 | $106,153 | $53,594 | $1,143,009 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-2115489).
Questions about BOWIE EDUCATIONAL FOUNDATION
- What is the EIN of BOWIE EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of BOWIE EDUCATIONAL FOUNDATION is 75-2115489.
- Is BOWIE EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to BOWIE EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOWIE EDUCATIONAL FOUNDATION 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 BOWIE EDUCATIONAL FOUNDATION 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 BOWIE EDUCATIONAL FOUNDATION 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 BOWIE EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names MARGIN STOVALL LATHAM.
- Who are the officers and directors of BOWIE EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does BOWIE EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $128,443, expenses of $63,468 and total assets of $1,245,532 at year end.
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