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Nonprofit · EIN 75-2828138

MIDLAND YOUNG LIFE BUILDING FOUNDATION

Tax-exempt (reinstated) · MIDLAND, TX 79701

Financials

$378K$211K2023$142K$193K2024
Revenue Expenses · by fiscal year end
Financials of MIDLAND YOUNG LIFE BUILDING FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$141,767$193,125-$51,358$3,739,751$0$3,739,751
December 31, 2023990$378,079$211,409$166,670$3,791,109$0$3,791,109
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$87,771
Program service revenue
$0
Investment income
$11,085
Other revenue
$42,911

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$7,450
Salaries, compensation and benefits (total)
$8,020
Professional fundraising fees
$0
Accounting fees
$5,250
Occupancy
$55,431
Depreciation
$91,864
Program services (functional)
$186,043
Management and general (functional)
$7,082

Balance sheet and other

Total assets, start of year
$3,791,109
Total assets, end of year
$3,739,751
Total liabilities, end of year
$0
Net assets, end of year
$3,739,751
Land, buildings and equipment
$2,989,248
Gross unrelated business income
$50,581
Gross receipts
$141,767
Employees
1
Volunteers
4
Year formed
1999
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
STIRLING WARRENTRUSTEE
Trustee or director, Officer
0.5$0
KEVIN PETTYTRUSTEE
Trustee or director, Officer
0.5$0
ANNE HANKINSTRUSTEE
Trustee or director, Officer
0.5$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
STIRLING WARRENTRUSTEE
Trustee or director, Officer
0.5$0
KEVIN PETTYTRUSTEE
Trustee or director, Officer
0.5$0
ANNE HANKINSTRUSTEE
Trustee or director, Officer
0.5$0

Address and contacts

Address (IRS master file)
808 W WALL ST, MIDLAND, TX 79701-6634
In care of
% CRAIG ATCHISON
Principal officer (990 for 2024)
KEVIN PETTY, 808 W WALL STREET, MIDLAND, TX 79701
Signed the 990
STIRLING WARREN, TRUSTEE
Phone
(432) 685-3666
Return prepared by
WEAVER AND TIDWELL LLP

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO OWN AND OPERATE A YOUTH CENTER IN MIDLAND, TEXAS USED TO INTRODUCE ADOLESCENTS TO JESUS CHRIST AND HELP THEM GROW IN THEIR FAITH.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION OWNS AND OPERATES A YOUTH CENTER FOR MINISTRY TO HIGH SCHOOL AND JR HIGH YOUTH AND THE MIDLAND COMMUNITY.
    Expenses $186,043

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
75-2828138
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,739,751
Income (IRS master file)
$141,767

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
June 9, 2011
Reinstated
Effective May 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$141,767$193,125$3,739,751XML
990-TDecember 2024–––IRS
990December 2023$378,079$211,409$3,791,109XML
990-TDecember 2023–––IRS
990December 2022$344,374$210,431$3,624,438IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––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 75-2828138).

Questions about MIDLAND YOUNG LIFE BUILDING FOUNDATION

What is the EIN of MIDLAND YOUNG LIFE BUILDING FOUNDATION?
The employer identification number (EIN) of MIDLAND YOUNG LIFE BUILDING FOUNDATION is 75-2828138.
Is MIDLAND YOUNG LIFE BUILDING FOUNDATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to MIDLAND YOUNG LIFE BUILDING FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MIDLAND YOUNG LIFE BUILDING 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 MIDLAND YOUNG LIFE BUILDING 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 MIDLAND YOUNG LIFE BUILDING 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 MIDLAND YOUNG LIFE BUILDING FOUNDATION?
The 990 for the year ended December 31, 2024 names KEVIN PETTY.
Who are the officers and directors of MIDLAND YOUNG LIFE BUILDING FOUNDATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does MIDLAND YOUNG LIFE BUILDING FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $141,767, expenses of $193,125 and total assets of $3,739,751 at year end.

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