Nonprofit · EIN 75-2224248
ABILENE IMPROVEMENT CORPORATION
Tax-exempt · ABILENE, TX 79601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,589,443 | $2,049,839 | -$460,396 | $5,788,819 | $1,000,000 | $4,788,819 |
| September 30, 2024 | 990 | $68,225 | $24,144 | $44,081 | $6,249,214 | $1,000,000 | $5,249,214 |
| September 30, 2023 | 990 | $966,931 | $17,864 | $949,067 | $6,205,133 | $1,000,000 | $5,205,133 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $2,017,500
- Program service revenue
- $0
- Investment income
- -$428,057
- Net gain from sales of assets
- -$444,285
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,017,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,750
- Program services (functional)
- $2,028,587
- Management and general (functional)
- $21,252
Balance sheet and other
- Total assets, start of year
- $6,249,214
- Total assets, end of year
- $5,788,819
- Total liabilities, end of year
- $1,000,000
- Net assets, end of year
- $4,788,819
- Land, buildings and equipment
- $5,039,083
- Net assets without donor restrictions
- $4,788,819
- Gross receipts
- $2,372,331
- Employees
- 0
- Volunteers
- 9
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY GRUBBS | MEMBER Trustee or director | 1 | $0 |
| GREG BLAIR | MEMBER Trustee or director | 1 | $0 |
| JASON DARBY | MEMBER Trustee or director | 1 | $0 |
| NATHAN LOWRY | MEMBER Trustee or director | 1 | $0 |
| NORM ARCHIBALD | MEMBER Trustee or director | 1 | $0 |
| RON BUTLER | MEMBER Trustee or director | 1 | $0 |
| MITCH BARNETT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TED EVANS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARY LEE BROOKS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY GRUBBS | MEMBER Trustee or director | 1 | $0 |
| GREG BLAIR | MEMBER Trustee or director | 1 | $0 |
| JASON DARBY | MEMBER Trustee or director | 1 | $0 |
| NATHAN LOWRY | MEMBER Trustee or director | 1 | $0 |
| NORM ARCHIBALD | MEMBER Trustee or director | 1 | $0 |
| RON BUTLER | MEMBER Trustee or director | 1 | $0 |
| MITCH BARNETT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TED EVANS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARY LEE BROOKS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORM ARCHIBALD | MEMBER Trustee or director | 1 | $0 |
| MITCH BARNETT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RON BUTLER | MEMBER Trustee or director | 1 | $0 |
| JASON DARBY | MEMBER Trustee or director | 1 | $0 |
| GARY GRUBBS | MEMBER Trustee or director | 1 | $0 |
| NATHAN LOWRY | MEMBER Trustee or director | 1 | $0 |
| GREG BLAIR | MEMBER Trustee or director | 1 | $0 |
| GARY GALBRAITH | VICE PRESIDENT (RESIGNED DURING YEAR) Trustee or director, Officer | 1 | $0 |
| MARY LEE BROOKS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| TED EVANS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 400 PINE ST STE 500, ABILENE, TX 79601-5137
- Principal officer (990 for 2024)
- MITCH BARNETT, 400 PINE ST STE 500, ABILENE, TX 79601
- Signed the 990
- MITCH BARNETT, PRESIDENT
- Phone
- (325) 677-7241
- Return prepared by
- CONDLEY AND COMPANY LLP
Mission
TO STIMULATE THE DEVELOPMENT, GROWTH AND BEAUTIFICATION OF THE TAX INCREMENT FINANCING DISTRICT TO COMBAT DETERIORATION THROUGH THE ERECTION OF PUBLIC BUILDINGS, IMPROVEMENTS AND WORKS.
Program accomplishments
- TO STIMULATE THE DEVELOPMENT, GROWTH AND BEAUTIFICATION OF THE TAX INCREMENT FINANCING DISTRICT TO COMBAT DETERIORATION THROUGH THE ERECTION OF PUBLIC BUILDINGS, IMPROVEMENTS AND WORKS.Expenses $2,028,587 · grants $2,017,500
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 75-2224248
- 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
- 1988
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $5,788,819
- Income (IRS master file)
- $2,372,331
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,589,443 | $2,049,839 | $5,788,819 | XML |
| 990 | September 2024 | $68,225 | $24,144 | $6,249,214 | IRS |
| 990 | September 2023 | $966,931 | $17,864 | $6,205,133 | XML |
| 990 | September 2022 | -$28,964 | $15,102 | $5,256,066 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 75-2224248).
Questions about ABILENE IMPROVEMENT CORPORATION
- What is the EIN of ABILENE IMPROVEMENT CORPORATION?
- The employer identification number (EIN) of ABILENE IMPROVEMENT CORPORATION is 75-2224248.
- Is ABILENE IMPROVEMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to ABILENE IMPROVEMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ABILENE IMPROVEMENT CORPORATION 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 ABILENE IMPROVEMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ABILENE IMPROVEMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of ABILENE IMPROVEMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names MITCH BARNETT.
- Who are the officers and directors of ABILENE IMPROVEMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does ABILENE IMPROVEMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,589,443, expenses of $2,049,839 and total assets of $5,788,819 at year end.
Other nonprofits in ABILENE
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- ATEIKU CHRISTIAN MINISTRY EIN 86-1972205 · last filed 990-PF for 2024
- TYE INDUSTRIAL DEVELOPMENT CORPORATION INC EIN 75-2833194 · last filed 990 for 2025
- JUNIOR LEAGUE OF ABILENE INC EIN 75-6024175 · last filed 990 for 2025
- ABILENE BACK THE BADGE FOUNDATION EIN 81-4438674 · last filed 990 for 2024
- SWENSON HOUSE HISTORICAL SOCIETY EIN 83-1824537 · last filed 990 for 2025
- COTTONSEED & FEED ASSOCIATION EIN 84-3852476 · last filed 990-EZ for 2024
- AVJ FOUNDATION EIN 75-2625919 · last filed 990 for 2025
All nonprofits in ABILENE · Texas · Community improvement and capacity building