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Nonprofit · EIN 75-6035810

BIG SPRING INDUSTRIAL FOUNDATION INC

Tax-exempt · BIG SPRING, TX 79721

Financials

$288K$42K2023$117K$28K2024
Revenue Expenses · by fiscal year end
Financials of BIG SPRING INDUSTRIAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$117,230$27,932$89,298$2,171,073$0$2,171,073
December 31, 2023990$287,875$42,227$245,648$2,081,775$0$2,081,775
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$44,394
Royalties
$72,836
Other revenue
$72,836

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$27,932

Balance sheet and other

Total assets, start of year
$2,081,775
Total assets, end of year
$2,171,073
Total liabilities, end of year
$0
Net assets, end of year
$2,171,073
Gross receipts
$117,230
Employees
0
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
Richard SteelPresident
Trustee or director, Officer
0$0
Leslie Elrod-HobbsTreasurer
Trustee or director, Officer
0$0
Robert PattersonDirector
Trustee or director
0$0
Bill Pollard JrDirector
Trustee or director
0$0
Don ReynoldsDirector
Trustee or director
0$0
Debra ValVerdeSecretary
Trustee or director, Officer
0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Richard SteelPresident
Trustee or director, Officer
0$0
Leslie Elrod-HobbsTreasurer
Trustee or director, Officer
0$0
Robert PattersonDirector
Trustee or director
0$0
Bill Pollard JrDirector
Trustee or director
0$0
Don ReynoldsDirector
Trustee or director
0$0
Debra ValVerdeSecretary
Trustee or director, Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 3191, BIG SPRING, TX 79721-3191
Principal officer (990 for 2024)
Richard Steel, PO Box 3191, Big Spring, TX 79721
Signed the 990
Richard Steel, President
Return prepared by
Mark L Morgan CPA

Mission

Industrial Development for the City of Big Spring and Howard County, Texas

990 for the year ended December 31, 2024

Program accomplishments

  • Active recuriting of Industry and Businesses for the Big Spring, Howard County Area to help increase the number of jobs and wage base in our local area.

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
75-6035810
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1957
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,171,073
Income (IRS master file)
$117,230

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$117,230$27,932$2,171,073XML
990December 2023$287,875$42,227$2,081,775XML
990December 2022$33,469$22,451$1,836,127IRS
990December 2021–––IRS
990December 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 75-6035810).

Questions about BIG SPRING INDUSTRIAL FOUNDATION INC

What is the EIN of BIG SPRING INDUSTRIAL FOUNDATION INC?
The employer identification number (EIN) of BIG SPRING INDUSTRIAL FOUNDATION INC is 75-6035810.
Is BIG SPRING INDUSTRIAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1957.
Are donations to BIG SPRING INDUSTRIAL FOUNDATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BIG SPRING INDUSTRIAL 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 INDUSTRIAL 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 INDUSTRIAL 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 INDUSTRIAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Richard Steel.
Who are the officers and directors of BIG SPRING INDUSTRIAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does BIG SPRING INDUSTRIAL FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $117,230, expenses of $27,932 and total assets of $2,171,073 at year end.

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