Nonprofit · EIN 83-0754325
MCT ENDOWMENT CORPORATION
Tax-exempt · MIDLAND, TX 79705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $498,587 | $184,744 | $313,843 | $9,079,177 | $0 | $9,079,177 |
| December 31, 2023 | 990 | $531,410 | $237,423 | $293,987 | $7,974,864 | $0 | $7,974,864 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $102,900
- Program service revenue
- $0
- Investment income
- $395,687
- Other revenue
- $0
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
- Legal fees
- $10,960
- Accounting fees
- $1,365
- Program services (functional)
- $170,809
- Management and general (functional)
- $13,935
Balance sheet and other
- Total assets, start of year
- $7,974,864
- Total assets, end of year
- $9,079,177
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,079,177
- Publicly traded securities
- $9,079,177
- Net assets without donor restrictions
- $8,638,091
- Net assets with donor restrictions
- $441,086
- Gross receipts
- $498,587
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2018
- 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 |
|---|---|---|---|
| MICHAEL BLONKVIST | Director Trustee or director | 1 | $0 |
| LEON JEFFCOAT | Treasurer Trustee or director, Officer | 1 | $0 |
| CHRIS HALL | Director Trustee or director | 1 | $0 |
| KATHY GRELLA | Director Trustee or director | 1 | $0 |
| ANN HANKINS | President Trustee or director, Officer | 1 | $0 |
| DR GARY MADDEN | Director Trustee or director | 1 | $0 |
| JAMES SMALL | Director Trustee or director | 1 | $0 |
| KAREN SPARKS | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEON JEFFCOAT | Treasurer Trustee or director, Officer | 1 | $0 |
| CHRIS HALL | Trustee Trustee or director | 1 | $0 |
| KATHY GRELLA | Trustee Trustee or director | 1 | $0 |
| ANN HANKINS | President Trustee or director, Officer | 1 | $0 |
| DR GARY MADDEN | Trustee Trustee or director | 1 | $0 |
| JAMES SMALL | Trustee Trustee or director | 1 | $0 |
| KAREN SPARKS | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2000 W WADLEY AVE, MIDLAND, TX 79705-6431
- In care of
- % CHAIRMAN
- Principal officer (990 for 2024)
- ANN HANKINS, 2000 W WADLEY AVE, MIDLAND, TX 79705
- Signed the 990
- ANN HANKINS, President
- Phone
- (432) 682-2544
- Return prepared by
- C Marc Martin CPA
Mission
MCTEC is organized to oversee, manage and grow the endowment resources for thelong-term stability and sole benefit of the Midland Community Theatre of Midland, Texas and is an organization no part of the net earnings of which inures to benefit any private shareholder, member or individual, no substantial part of the activities of which is carrying propaganda, or othenvise attempting to influence legislation, and which does not participate in or intervene in any political campaign on behalf of any candidate for public office.
Program accomplishments
- Specifically the Corporation is organized to engage directly in the support ofcharitable, educational, and scientific purposes in support of the Midland Community Theatre of Midland, Texas, all in compliance with the Corporation's Tax Exempt status. Within the scope of the foregoing purposes and not by limitation thereof, the Corporation is organized to oversee, manage and grow the endowment resources for the long-term stability and sole benefit of the Midland Community Theatre of Midland, Tx.Expenses $170,809
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
- 83-0754325
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $9,079,177
- Income (IRS master file)
- $498,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $498,587 | $184,744 | $9,079,177 | XML |
| 990 | December 2023 | $531,410 | $237,423 | $7,974,864 | XML |
| 990 | December 2022 | $428,232 | $163,263 | $6,725,284 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 83-0754325).
Questions about MCT ENDOWMENT CORPORATION
- What is the EIN of MCT ENDOWMENT CORPORATION?
- The employer identification number (EIN) of MCT ENDOWMENT CORPORATION is 83-0754325.
- Is MCT ENDOWMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MCT ENDOWMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MCT ENDOWMENT CORPORATION 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 MCT ENDOWMENT CORPORATION 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 MCT ENDOWMENT CORPORATION 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 MCT ENDOWMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names ANN HANKINS.
- Who are the officers and directors of MCT ENDOWMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MCT ENDOWMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $498,587, expenses of $184,744 and total assets of $9,079,177 at year end.
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