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Nonprofiteer
← ABILENE INDUSTRIAL FOUNDATION INC

Form 990 for tax year 2024

Filed by ABILENE INDUSTRIAL FOUNDATION INC.

Totals

Total revenue
$369,659
Total expenses
$772,453
Contributions and grants received
$339,000
Grants paid
$0
Program service revenue
$16,220
Investment income
$14,439
Other revenue
$0
Total assets, end of year
$1,449,193
Total liabilities, end of year
$111,959
Net assets or fund balances, end of year
$1,337,234
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$669,324

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DOUG PETERS

    PRESIDENT AN

    Total calculated
    $353,085
    From this org
    $0
    From related orgs
    $300,095
    Other
    $52,990
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    not reported + $260,095 related
    Bonus
    not reported + $40,000 related
    Other
    not reported
    Deferred
    not reported + $24,185 related
    Nontaxable benefits
    not reported + $28,805 related
    Filer's total
    not reported + $353,085 related
  • DOUG MCINTYRE

    DIRECTOR

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • CASEY CORNUTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • WILL DUGGER

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • TED EVANS

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2
  • LARRY GILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • GARY GRUBBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • SCOTT HIBBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • SHAUN MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MIKE PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DANI RAMSAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL BOB STARR

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1
  • COLIN ZALESAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.0
Source object
202602249349301935

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