Nonprofit · EIN 81-0714831
TEXSOM FOUNDATION
Tax-exempt · DALLAS, TX 75218
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $837,510 | $1,162,976 | -$325,466 | $46,586 | $310,602 | -$264,016 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $837,510
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,000
- Compensation of officers, directors and key employees
- $55,833
- Other salaries and wages
- $96,681
- Salaries, compensation and benefits (total)
- $169,472
- Professional fundraising fees
- $0
- Legal fees
- $6,584
- Accounting fees
- $8,538
- Occupancy
- $68,863
- Travel
- $663
- Program services (functional)
- $786,118
- Management and general (functional)
- $376,858
Balance sheet and other
- Total assets, start of year
- $61,450
- Total assets, end of year
- $46,586
- Total liabilities, end of year
- $310,602
- Net assets, end of year
- -$264,016
- Gross receipts
- $837,510
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2015
- 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 |
|---|---|---|---|
| JAMES TIDWELL | DIRECTOR Trustee or director, Officer | 40 | $50,000 |
| ANGELICA PALLADINO | DIRECTOR Trustee or director, Officer | 5 | $0 |
| CATHY WHITEMAN | DIRECTOR Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 824 BROOKHURST DR, DALLAS, TX 75218-2236
- Mailing address (990-N for 2023)
- 824 Brookhurst Dr, Dallas TX 75218
- Principal officer (990 for 2024)
- JAMES TIDWELL, 824 BROOKHURST DR, DALLAS, TX 75218
- Principal officer (990-N for 2023)
- James Tidwell, 824 Brookhurst Dr, Dallas TX 75218
- Signed the 990
- JAMES TIDWELL, DIRECTOR
- Phone
- (214) 886-1665
- Website
- TEXSOM.COM
- Return prepared by
- CRI ADVISORS LLC
Mission
TEXSOM EDUCATES ABOUT WINE AND OTHER BEVERAGES THROUGH EVENTS AND SEMINARS FOR ANYONE 21 YEARS OF AGE OR OLDER.
Program accomplishments
- THE TEXSOM AWARDS IS A BEVERAGE COMPETITION THAT IS DESIGNED TO EDUCATE PEOPLE ON WINES AND OTHER BEVERAGES THROUGH AN AWARDS PROCESS UTILIZING WINE INDUSTRY PROFESSIONALS AS JUDGES AND GUIDES.Expenses $315,879 · revenue $260,940
- THE TEXSOM CONFERENCE IS DESIGNED TO EDUCATE PEOPLE ON WINES AND OTHER BEVERAGES THROUGH SEMINARS, LUNCHES, AND TASTINGS.Expenses $470,239 · grants $3,000 · revenue $576,570
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-N on file |
IRS record
- EIN
- 81-0714831
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $46,586
- Income (IRS master file)
- $837,510
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $837,510 | $1,162,976 | $46,586 | XML |
| 990-N for 2023 Officer: James Tidwell | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: James Tidwell | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: James Tidwell | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: James Tidwell | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-0714831).
Questions about TEXSOM FOUNDATION
- What is the EIN of TEXSOM FOUNDATION?
- The employer identification number (EIN) of TEXSOM FOUNDATION is 81-0714831.
- Is TEXSOM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to TEXSOM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXSOM 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 TEXSOM 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 TEXSOM 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 TEXSOM FOUNDATION?
- The 990 for the year ended December 31, 2024 names JAMES TIDWELL.
- Who are the officers and directors of TEXSOM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $50,000 (JAMES TIDWELL, DIRECTOR).
- How much revenue does TEXSOM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $837,510, expenses of $1,162,976 and total assets of $46,586 at year end.
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