Hopkins County United Fund
- Assets
- $207.6k
- Revenue
- $193.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sulphur Springs, TX
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 23-7105985
Organization Overview
Hopkins County United Fund is located in Sulphur Springs, TX. The organization was established in 1971. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopkins County United Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hopkins County United Fund generated $193.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $206.5k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hopkins County United Fund has awarded 24 individual grants totaling $428,185. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGAINZED COMMUNITY CONTRIBUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH FUNDED AGENCY IS REQUIRED TO SUBMIT FINANCIAL STATEMENTS DELINEATING ACCOUNTABILITY FOR ALLOCATIONS MADE BY THE ORGANIZATION. THE INFORMATION IS REVIEWED AND EVALUATED BY THE BUDGET AND ALLOCATIONS COMMITTEE AT PUBLIC HEARING. ALL FUNDED ORGANIZATIONS MUST BE TAX EXEMPT INCLUDING A 501(C)(3) LETTER PROVING SO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyndsay Palmer Director | Trustee | 5 | $0 |
Chuck Askins Director | Trustee | 5 | $0 |
Bill Owens Director | Trustee | 5 | $0 |
Emily Glass President | Trustee | 10 | $0 |
Dinh Tran Director | Trustee | 5 | $0 |
Chelsea Mayes Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,435 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,435 |
| Total Program Service Revenue | $0 |
| Investment income | $1,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $183,493 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $12,000 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $390 |
| Total functional expenses | $206,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,263 |
| Savings and temporary cash investments | $193,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,574 |
| Accounts payable and accrued expenses | $1,264 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,264 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $206,310 |
| Total liabilities and net assets/fund balances | $207,574 |
Grants Awarded
Over the last fiscal year, Hopkins County United Fund has awarded $91,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE COUNTRY CASA PURPOSE: COMMUNITY SUPPORT | $10,000 |
HOPKINS COUNTY COMMUNITY CHEST PURPOSE: COMMUNITY SUPPORT | $40,000 |
HOPKINS COUNTY COMMUNITY ACTION NETWORK INC PURPOSE: COMMUNITY SUPPORT | $18,250 |
SULPHUR SPRINGS SENIOR CITIZEN CENTER ACTIVITY INC (MEAL A DAY) PURPOSE: COMMUNITY SUPPORT - FOOD FOR ELDERLY AND DISABLED | $8,000 |
HERITAGE OUTREACH MINISTRY FOUNDATION PURPOSE: MENTAL HEALTH COMMUNITY SUPPORT | $8,000 |
HOPKINS COUNTY MINISTERIAL ALLIANCE INC PURPOSE: COMMUNITY SUPPORT FOR UNDERFED | $7,000 |