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Nonprofit · EIN 75-2179231

EASTLAND FINE ARTS ASSOCIATION

Tax-exempt · EASTLAND, TX 76448

Financials

$255K$222K2023$277K$257K2024
Revenue Expenses · by fiscal year end
Financials of EASTLAND FINE ARTS ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$277,293$256,683$20,610$501,998$72,109$429,889
December 31, 2023990$254,741$221,910$32,831$501,448$92,169$409,279
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$66,094
of which government grants
$55,000
Program service revenue
$103,360
Investment income
$172
Net income from sales of inventory
$86,111
Other revenue
$107,667

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$35,000
Other salaries and wages
$27,692
Salaries, compensation and benefits (total)
$67,558
Professional fundraising fees
$0
Accounting fees
$3,990
Occupancy
$39,687
Depreciation
$37,222
Program services (functional)
$256,683

Balance sheet and other

Total assets, start of year
$501,448
Total assets, end of year
$501,998
Total liabilities, end of year
$72,109
Net assets, end of year
$429,889
Land, buildings and equipment
$387,426
Net assets without donor restrictions
$429,889
Gross receipts
$311,174
Employees
5
Year formed
1987
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
COOPER HAYESCOO38$35,000
RHYNNE HOBBSDirector
Trustee or director
0$0
RICK RACKOWDirector
Trustee or director
0$0
MANDI WHITTLESEYDirector
Trustee or director
0$0
AL HAREMZADirector
Trustee or director
0$0
MIKE PERRYDirector
Trustee or director
0$0
JAYTON BAILEYSecretary
Officer
0$0
ROB KINGVice President
Officer
0$0
ANN FOLSOMPresident
Officer
0$0
DERRICK SAUCEDOTreasurer
Officer
0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
RHYNE HOBBSCOO
Key employee
38$53,247
JAYTON BAILEYDIRECTOR
Trustee or director
0$0
RICK RACKOWDIRECTOR
Trustee or director
0$0
CODY HUTCHESONDIRECTOR
Trustee or director
0$0
AL HAREMZADIRECTOR
Trustee or director
0$0
MIKE PERRYDIRECTOR
Trustee or director
0$0
ROB KINGVICE PRESIDENT
Officer
0$0
AMANDA BIRDSECRETARY
Officer
0$0
ANN FOLSOMPRESIDENT
Officer
0$0
DERRICK SAUCEDOTREASURER
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 705, EASTLAND, TX 76448-0705
Signed the 990
COOPER HAYES, COO
Phone
(254) 629-2201
Return prepared by
STACY JAMESON CPA

Mission

TO SUPPORT THE COMMUNITY OF EASTLAND IN EDUCATION AND APPRECIATION OF FINE ARTS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO SUPPORT THE COMMUNITY OF EASTLAND IN EDUCATION AND APPRECIATION OF FINE ARTS.
    Expenses $256,683

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
75-2179231
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
1987
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$501,998
Income (IRS master file)
$311,174

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$277,293$256,683$501,998IRS
990December 2023$254,741$221,910$501,448XML
990December 2022$222,362$237,877$378,210IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990December 2019–––IRS
990December 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 75-2179231).

Questions about EASTLAND FINE ARTS ASSOCIATION

What is the EIN of EASTLAND FINE ARTS ASSOCIATION?
The employer identification number (EIN) of EASTLAND FINE ARTS ASSOCIATION is 75-2179231.
Is EASTLAND FINE ARTS ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to EASTLAND FINE ARTS ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EASTLAND FINE ARTS ASSOCIATION 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 EASTLAND FINE ARTS ASSOCIATION 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 EASTLAND FINE ARTS ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of EASTLAND FINE ARTS ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $35,000 (COOPER HAYES, COO).
How much revenue does EASTLAND FINE ARTS ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $277,293, expenses of $256,683 and total assets of $501,998 at year end.

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