Nonprofit · EIN 75-2669872
FANNIN COMMUNITY FOUNDATION INC
Tax-exempt · BONHAM, TX 75418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $191,097 | $173,555 | $17,542 | $321,683 | $1,639 | $320,044 |
| December 31, 2023 | 990-EZ | $122,794 | $149,557 | -$26,763 | $308,362 | $5,860 | $302,502 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $133,046
- Program service revenue
- $44,414
- Investment income
- $74
- Net income from fundraising events
- $2,880
- Net income from sales of inventory
- $10,683
- Other revenue
- $13,563
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $85,174
- Salaries, compensation and benefits (total)
- $85,174
- Professional fundraising fees
- $0
- Accounting fees
- $3,250
- Occupancy
- $22,716
- Depreciation
- $10,370
- Program services (functional)
- $122,299
- Management and general (functional)
- $39,685
- Fundraising (functional)
- $11,571
Balance sheet and other
- Total assets, start of year
- $308,362
- Total assets, end of year
- $321,683
- Total liabilities, end of year
- $1,639
- Net assets, end of year
- $320,044
- Land, buildings and equipment
- $231,343
- Net assets without donor restrictions
- $320,044
- Gross receipts
- $213,923
- Employees
- 4
- Year formed
- 1996
- 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 |
|---|---|---|---|
| SANDY BARBER | Director-Staff Trustee or director | 40 | $37,692 |
| JEAN SELF KNIGHT | President Trustee or director, Officer | 0 | $0 |
| BRAD SILWOOD | Vice President Trustee or director, Officer | 0 | $0 |
| BRENDA MAGNESS | Director Trustee or director | 0 | $0 |
| HILARY HOLDERER | Secretary Trustee or director, Officer | 0 | $0 |
| SARAH OSBURN | Treasurer Trustee or director, Officer | 0 | $0 |
| SY SAHID | Director Trustee or director | 0 | $0 |
| CAROL IRVING | Director Trustee or director | 0 | $0 |
| CAROLINE BLACKWELL | Director Trustee or director | 0 | $0 |
| JESSIE BRYANT | Director Trustee or director | 0 | $0 |
| KRISTY ENGLUTT | Director Trustee or director | 0 | $0 |
| MICHAEL EVANS | Director Trustee or director | 0 | $0 |
| MICHELLE HAYNES | Director Trustee or director | 0 | $0 |
| KAREN SIMS | Director Trustee or director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN NICHOLS | Director | 0 | $0 |
| RAMIRO ORTIZ | TREASURER/DIR | 0 | $0 |
| HILARY HOLDERER | SEC & DIR | 0 | $0 |
| KAREN SIMS | Director | 0 | $0 |
| CAROL IRVING | Director | 0 | $0 |
| CHRISTI TYNAN | Director | 0 | $0 |
| BONNIE BLEDSOE | Director | 0 | $0 |
| TATIANA BAEVA | Director | 0 | $0 |
| JAKE WILSON | Director | 0 | $0 |
| CHRIS CRAVENS | CHMN & DIR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 W 5TH ST, BONHAM, TX 75418-4303
- In care of
- % SUSAN F SMITH
- Principal officer (990 for 2024)
- SARAH OSBURN, 200 W 5TH ST, BONHAM, TX 75418
- Signed the 990
- SARAH OSBURN, Treasurer
- Phone
- (903) 640-2196
- Website
- creativeartscenterbonham.org
- Return prepared by
- MCCLANAHAN & HOLMES
Mission
THE FOUNDATION IS DEDICATED TO MEETING THE NEEDS OF THE FANNIN COUNTY COMMUNITY THROUGH EXPOSURE TO THE ARTS AS WELL AS EDUCATIONAL AND SOCIAL PROGRAMS.
Program accomplishments
- EDUCATIONAL: ART CLASSES & CAMPS, MUSIC CLASSES, THEATER CLASSES, ART GALLERY (CREATIVE ARTS CENTER), EDUCATIONAL SEMINARS & MEETINGS, SUMMER PROGRAMS, INCLUDING NO COST CLASSES FOR DISADVANTAGED AND/OR AT-RISK CHILDREN.Expenses $122,299
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-EZ on file |
IRS record
- EIN
- 75-2669872
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O20)
- Assets (IRS master file)
- $321,683
- Income (IRS master file)
- $213,923
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $191,097 | $173,555 | $321,683 | XML |
| 990-EZ | December 2023 | $122,794 | $149,557 | $308,362 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | 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 75-2669872).
Questions about FANNIN COMMUNITY FOUNDATION INC
- What is the EIN of FANNIN COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of FANNIN COMMUNITY FOUNDATION INC is 75-2669872.
- Is FANNIN COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to FANNIN COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FANNIN COMMUNITY 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 FANNIN COMMUNITY FOUNDATION INC 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 FANNIN COMMUNITY FOUNDATION INC 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 FANNIN COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names SARAH OSBURN.
- Who are the officers and directors of FANNIN COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $37,692 (SANDY BARBER, Director-Staff).
- How much revenue does FANNIN COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $191,097, expenses of $173,555 and total assets of $321,683 at year end.
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