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Nonprofit · EIN 75-6435671

WELBORN-PAYNE ENDOWMENT TRUST

Tax-exempt · LUBBOCK, TX 79401

Financials

$2.2M$2M2023$39.2M$2.3M2024$6.5M$3.4M2025
Revenue Expenses · by fiscal year end
Financials of WELBORN-PAYNE ENDOWMENT TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$6,549,456$3,426,701$3,122,755$68,813,365$0$68,813,365
December 31, 2024990-PF$39,161,277$2,264,826$36,896,451$74,083,578$0$74,083,578
December 31, 2023990-PF$2,249,343$1,951,794$297,549$37,187,127$0$37,187,127
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$25,269
Dividends
$1,387,803
Interest
$401,744
Net rental income
$57,616
Net gain from sales of assets
$4,032,000
Other income
$642,497

Expenses

Grants and similar amounts paid
$2,834,370
Compensation of officers, directors and key employees
$312,431
Disbursements for charitable purposes
$2,996,650
Excise tax on investment income
$79,448

Balance sheet and other

Total assets, start of year
$74,083,578
Total assets, end of year
$68,813,365
Total liabilities, end of year
$0
Net assets, end of year
$68,813,365
Fair market value of assets
$86,673,190
Qualifying distributions
$2,996,650
Net investment income
$6,037,772

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-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
PROSPERITY BANK
1401 AVENUE Q, LUBBOCK, TX 794013819
TRUSTEE20$312,431
990-PF for the year ended December 31, 2024: 1 people
NameTitleHours / weekCompensation
PROSPERITY BANK
1401 AVENUE Q, LUBBOCK, TX 794013819
TRUSTEE10$185,554
990-PF for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
PROSPERITY BANK
1401 AVENUE Q, LUBBOCK, TX 794013819
TRUSTEE10$122,799

Address and contacts

Address (IRS master file)
1401 AVENUE Q, LUBBOCK, TX 79401-3819
In care of
% AMERICAN STATE BANK TTEE
Signed the 990-PF
PROSPERITY BANK, TRUSTEE
Phone
(806) 767-7000
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
75-6435671
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1993
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$68,813,365
Income (IRS master file)
$27,047,641

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$6,549,456$3,426,701$68,813,365IRS
990-TDecember 2025–––IRS
990-PFDecember 2024$39,161,277$2,264,826$74,083,578IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$2,249,343$1,951,794$37,187,127XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 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 75-6435671).

Questions about WELBORN-PAYNE ENDOWMENT TRUST

What is the EIN of WELBORN-PAYNE ENDOWMENT TRUST?
The employer identification number (EIN) of WELBORN-PAYNE ENDOWMENT TRUST is 75-6435671.
Is WELBORN-PAYNE ENDOWMENT TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to WELBORN-PAYNE ENDOWMENT TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does WELBORN-PAYNE ENDOWMENT TRUST file?
Form 990-PF. Private foundations file every year.
When is the next return of WELBORN-PAYNE ENDOWMENT TRUST 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 WELBORN-PAYNE ENDOWMENT TRUST last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of WELBORN-PAYNE ENDOWMENT TRUST?
The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $312,431 (PROSPERITY BANK, TRUSTEE).
How much revenue does WELBORN-PAYNE ENDOWMENT TRUST have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,549,456, expenses of $3,426,701 and total assets of $68,813,365 at year end.

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