Totals
- Total revenue
- $9,225,434
- Total expenses
- $1,059,864
- Contributions and grants received
- $8,510,423
- Grants paid
- $798,506
- Program service revenue
- $0
- Investment income
- $588,730
- Other revenue
- $126,281
- Total assets, end of year
- $33,621,114
- Total liabilities, end of year
- $351,480
- Net assets or fund balances, end of year
- $33,269,634
- Program services expenses (Part IX)
- $798,506
- Management and general expenses
- $261,358
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $798,506
Program services were 75.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$8,432,000
-
1f · All other contributions, gifts and grants
$78,423
-
3 · Investment income
total $588,730 · excluded $588,730
-
5 · Royalties
total $116,778 · excluded $116,778
-
6a · Gross rents
real property $9,503
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $9,503
-
6d · Net rental income or loss
total $9,503 · excluded $9,503
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $788,866 · program services $788,866
-
2 · Grants to domestic individuals
total $9,640 · program services $9,640
-
7 · Other salaries and wages
total $160,000 · management and general $160,000
-
11b · Fees: legal
total $2,915 · management and general $2,915
-
11c · Fees: accounting
total $26,838 · management and general $26,838
-
11f · Fees: investment management
total $50,176 · management and general $50,176
-
11g · Fees: other
total $10,300 · management and general $10,300
-
13 · Office expenses
total $1,002 · management and general $1,002
-
16 · Occupancy
total $10,127 · management and general $10,127
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $429,864 · end of year $73,631
-
4 · Accounts receivable
end of year $29
-
11 · Investments: publicly traded securities
beginning of year $20,034,215 · end of year $26,434,847
-
15 · Other assets
beginning of year $3,680,607 · end of year $7,112,607
-
25 · Other liabilities
beginning of year $360,712 · end of year $351,480
-
27 · Net assets without donor restrictions
beginning of year $23,530,470 · end of year $33,025,952
-
28 · Net assets with donor restrictions
beginning of year $253,504 · end of year $243,682
Mission and programs · 2024
Mission
TO PROVIDE FUNDING TO OPERATE THE SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN
Activities or mission (Part I)
TO PROVIDE FUNDING TO OPERATE THE SHERWOOD & MYRTLE FOSTER HOME FOR CHILDREN
-
PROVIDE FUNDING TO THE SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN INC FOR OPERATIONS
Expenses $788,866 · Grants $788,866
-
PROVIDE SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING FOR RESIDENTS OF THE SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN INC.
Expenses $9,640 · Grants $9,640
As filed on the 2024 return.
Listed in Part VII
-
Doug YoungDOUG YOUNG
PRESIDENT/CEO
- Total calculated
- $152,644
- From this org
- $0
- From related orgs
- $129,750
- Other
- $22,894
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $129,750 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,380 related
- Nontaxable benefits
- $0 + $12,514 related
- Filer's total
- $0 + $152,644 related
-
Melanie WarrenMELANIE WARREN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
Michelle RudloffMICHELLE RUDLOFF
TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
Jeff GilesJEFF GILES
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Phil UhrhanPHIL UHRHAN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Heath HamrickHEATH HAMRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mike BlevinsMIKE BLEVINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Clinton NixCLINTON NIX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John TerrillJOHN TERRILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
FUND OPERATIONS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN
501(C)(3) · CHILD CARE AND FOSTER CARE CHILD PLACEMENT · TX
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620499349301527
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