Nonprofit · EIN 75-2251719
BRAZOS FOUNDATION INC
Tax-exempt · MINERAL WELLS, TX 76068
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $111,109 | $133,834 | -$22,725 | $1,007,957 | $0 | $1,007,957 |
| December 31, 2024 | 990 | $143,690 | $85,778 | $57,912 | $945,878 | $0 | $945,878 |
| December 31, 2023 | 990 | $34,125 | $98,965 | -$64,840 | $867,663 | $0 | $867,663 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $48,482
- Program service revenue
- $0
- Investment income
- $40,310
- Net gain from sales of assets
- $4,769
- Net income from fundraising events
- $22,317
- Other revenue
- $22,317
Expenses
- Grants and similar amounts paid
- $122,600
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,294
- Program services (functional)
- $122,600
- Management and general (functional)
- $11,234
Balance sheet and other
- Total assets, start of year
- $945,878
- Total assets, end of year
- $1,007,957
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,007,957
- Publicly traded securities
- $979,549
- Gross receipts
- $166,809
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1989
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAY TARKENTON | President Trustee or director, Officer | 2 | $0 |
| BRIAN BENNETT | Vice President Trustee or director, Officer | 2 | $0 |
| BRITTANY BROWN | Secretary Trustee or director, Officer | 2 | $0 |
| COLE VAUGHN | Treasurer Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAY TARKENTON | President Trustee or director, Officer | 2 | $0 |
| MIKE MCCONNELL | Vice President Trustee or director, Officer | 2 | $0 |
| JACYE SMITH | Secretary Trustee or director, Officer | 2 | $0 |
| CODY CLOUD | Treasurer Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CODY CLOUD | TREASURER Trustee or director, Officer | 2 | $0 |
| DON CRAWFORD | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| TRACY KIRSCH | SECRETARY Trustee or director, Officer | 2 | $0 |
| KAY TARKENTON | PRESIDENT Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 901, MINERAL WELLS, TX 76068-0901
- Principal officer (990 for 2025)
- COLE VAUGHN, PO BOX 901, MINERAL WELLS, TX 76068
- Signed the 990
- COLE VAUGHN, Treasurer
- Phone
- (940) 328-1167
- Return prepared by
- Crawford Carter & Durbin LLC
Mission
TO FINANCIALLY SUPPORT CHARITABLE ORGANIZATIONS IN PALO PINTO COUNTY, TX, AND SURROUNDING AREAS THROUGH FUNDRAISING AND INCOM FROM INVESTMENTS
Program accomplishments
- DONATIONS TO VARIOUS CHARITIBLE ORGANIZATIONS SUPPORTING CITIZENS OF PALO PINTO COUNTY, TEXAS, AND SURROUNDING AREASExpenses $122,600 · grants $122,600
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 | 990 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
- 75-2251719
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,007,957
- Income (IRS master file)
- $166,809
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $111,109 | $133,834 | $1,007,957 | XML |
| 990 | December 2024 | $143,690 | $85,778 | $945,878 | XML |
| 990 | December 2023 | $34,125 | $98,965 | $867,663 | XML |
| 990 | December 2022 | $65,236 | $137,138 | $813,063 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 75-2251719).
Questions about BRAZOS FOUNDATION INC
- What is the EIN of BRAZOS FOUNDATION INC?
- The employer identification number (EIN) of BRAZOS FOUNDATION INC is 75-2251719.
- Is BRAZOS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to BRAZOS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRAZOS FOUNDATION 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 BRAZOS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRAZOS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BRAZOS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names COLE VAUGHN.
- Who are the officers and directors of BRAZOS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does BRAZOS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $111,109, expenses of $133,834 and total assets of $1,007,957 at year end.
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