Nonprofit · EIN 75-2970373
BIG SPRING AREA COMMUNITY FOUNDATION INC
Tax-exempt · BIG SPRING, TX 79720
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,411,596 | $583,229 | $828,367 | $21,571,654 | $3,193,889 | $18,377,765 |
| December 31, 2023 | 990 | $2,004,612 | $860,769 | $1,143,843 | $19,134,401 | $5,825,527 | $13,308,874 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,009,350
- Membership dues
- $4,300
- Program service revenue
- $0
- Investment income
- $401,426
- Net gain from sales of assets
- $73,940
- Other revenue
- $820
Expenses
- Grants and similar amounts paid
- $348,350
- Compensation of officers, directors and key employees
- $126,000
- Salaries, compensation and benefits (total)
- $157,403
- Professional fundraising fees
- $0
- Accounting fees
- $34,725
- Occupancy
- $5,520
- Depreciation
- $3,981
- Program services (functional)
- $378,590
- Management and general (functional)
- $172,657
- Fundraising (functional)
- $31,982
Balance sheet and other
- Total assets, start of year
- $19,134,401
- Total assets, end of year
- $21,571,654
- Total liabilities, end of year
- $3,193,889
- Net assets, end of year
- $18,377,765
- Land, buildings and equipment
- $144,142
- Publicly traded securities
- $19,989,105
- Net assets without donor restrictions
- $15,993,566
- Net assets with donor restrictions
- $2,384,199
- Gross receipts
- $2,223,533
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2001
- 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 |
|---|---|---|---|
| GEORGE BANCROFT | EXECUTIVE DIRECTOR Trustee or director | 40 | $126,000 |
| DREW MOUTON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| TOMMY CHURCHWELL | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| RICHARD STEEL | SECRETARY Trustee or director, Officer | 2 | $0 |
| JIM LITTLE | MEMBER Trustee or director | 0 | $0 |
| LESLIE ELROD-HOBBS | MEMBER Trustee or director | 0 | $0 |
| JAN FORESYTH | MEMBER Trustee or director | 0 | $0 |
| JIMMY MILLER | MEMBER Trustee or director | 0 | $0 |
| MAUREEN HADDAD | MEMBER Trustee or director | 0 | $0 |
| REINA CISNEROS | MEMBER Trustee or director | 0 | $0 |
| DIANE WOOD | MEMBER Trustee or director | 0 | $0 |
| PATSY SANCHEZ | MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VACANT | MEMBER Trustee or director | 0 | $0 |
| ROBERT L CROWNOVER | MEMBER Trustee or director | 0 | $0 |
| DIANE WOOD | MEMBER Trustee or director | 0 | $0 |
| PATSY SANCHEZ | MEMBER Trustee or director | 0 | $0 |
| JIM LITTLE | MEMBER Trustee or director | 0 | $0 |
| MAUREEN HADDAD | MEMBER Trustee or director | 0 | $0 |
| JAN FORESYTH | MEMBER Trustee or director | 0 | $0 |
| LESLIE ELROD-HOBBS | MEMBER Trustee or director | 0 | $0 |
| BOBBY MCDONALD | MEMBER Trustee or director | 0 | $0 |
| DREW MOUTON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| TOMMY CHURCHWELL | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| RICHARD STEEL | SECRETARY Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 707 SCURRY ST, BIG SPRING, TX 79720-2722
- Principal officer (990 for 2024)
- DREW MOUTON, PO BOX 2007, BIG SPRING, TX 797212007
- Signed the 990
- TOMMY CHURCHWELL, VICE PRESIDENT
- Phone
- (432) 263-7676
- Website
- BSACF.ORG
- Return prepared by
- APRIO ADVISORY GROUP LLC
Mission
RECEIVE GIFTS, BEQUESTS AND DONATIONS TO BE HELD AS ENDOWMENTS THAT WILL PROVIDE CHARITABLE, CULTURAL AND EDUCATIONAL BENEFITS TO THE BIG SPRING AND HOWARD COUNTY AREAS.
Program accomplishments
- IN 2024 THE BIG SPRING AREA COMMUNITY FOUNDATION AWARDED OVER $65,000 TO LOCAL NON-PROFITS FROM AGENCY FUNDS. THOSE GRANTS HELP FUND TRAINING FOR YOUTH, RENOVATIONS TO THE LOCAL AMPHITHEATER AND MUSEUM, AND PURCHASED PROGRAM SUPPLIES FOR A RAPE CRISIS CENTER. ADDITIONALLY, THE FOUNDATION CONTRIBUTED $100,000 TOWARD FUNDS NEEDED TO BUILD A YOUTH CENTER THAT WILL SERVE AREA PRE-TEEN AND TEENS AND $25,000 FOR A PRODUCTION OF THE NUTCRACKER BY THE BIG SPRING SYMPHONY. AT LEAST 54 AREA YOUTH ALSO BENEFITTED FROM THE FOUNDATION THROUGH SCHOLARSHIPS TOTALING OVER $150,000.Expenses $378,590 · grants $348,350
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 on file |
IRS record
- EIN
- 75-2970373
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $21,571,654
- Income (IRS master file)
- $2,223,533
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,411,596 | $583,229 | $21,571,654 | IRS |
| 990 | December 2023 | $2,004,612 | $860,769 | $19,134,401 | XML |
| 990 | December 2022 | $2,326,957 | $793,190 | $16,257,242 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-2970373).
Questions about BIG SPRING AREA COMMUNITY FOUNDATION INC
- What is the EIN of BIG SPRING AREA COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of BIG SPRING AREA COMMUNITY FOUNDATION INC is 75-2970373.
- Is BIG SPRING AREA COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to BIG SPRING AREA COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BIG SPRING AREA 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 BIG SPRING AREA 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 BIG SPRING AREA 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 BIG SPRING AREA COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DREW MOUTON.
- Who are the officers and directors of BIG SPRING AREA COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $126,000 (GEORGE BANCROFT, EXECUTIVE DIRECTOR).
- How much revenue does BIG SPRING AREA COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,411,596, expenses of $583,229 and total assets of $21,571,654 at year end.
Other nonprofits in BIG SPRING
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- CROSSROADS HOUSING DEVELOPMENT CORPORATION EIN 75-2839932 · last filed 990 for 2024
- DORA ROBERTS REHABILITATION CENTER EIN 75-1074255 · last filed 990 for 2025
- BIG SPRING YMCA EIN 75-0827470 · last filed 990 for 2025
- ST MARYS EPISCOPAL RETIREMENT HOMES INC EIN 75-1653080 · last filed 990 for 2025
- HOWARD COUNTY VOLUNTEER FIRE DEPARTMENT EIN 75-2775060 · last filed 990 for 2025
- HAPPY DAYS HUMANE SOCIETY EIN 75-2118399 · last filed 990 for 2024
- RUNNELS ACADEMY EIN 82-4598959 · last filed 990 for 2025
All nonprofits in BIG SPRING · Texas · Philanthropy, voluntarism and grantmaking foundations