Texas Boys Ranch Foundation
- Assets
- $3.7m
- Revenue
- $460.0k
- Investments
- $10.0k
- Employees
- 1
- Location
- Lubbock, TX
- Founding
- 05/1990
- Data as of
- 01/2022
- EIN
- 75-2294235
Organization Overview
Texas Boys Ranch Foundation is located in Lubbock, TX. The organization was established in 1990. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Boys Ranch Foundation 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 01/2022, Texas Boys Ranch Foundation generated $460.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $294.8k during the year ending 01/2022. While expenses have increased by 18.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING FOR THE PHYSICAL AND EMOTIONAL NEEDS OF DISADVANTAGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING TO SUPPORT TAX-EXEMPT ENTITY TO PROVIDE CARE AND HELP FOR DISADVANTAGED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Hines Secretary | OfficerTrustee | 0.25 | $0 |
Jim Henson Chairman | OfficerTrustee | 1 | $0 |
Ada Rummel Vice Chairman | OfficerTrustee | 0.5 | $0 |
Eric Creel President | Officer | 8 | $0 |
Norton Baker Director | Trustee | 0.8 | $0 |
Pat Stumbo Director | Trustee | 0.25 | $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 | $219,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,125 |
| Total Program Service Revenue | $0 |
| Investment income | $166,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,811 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,299 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,000 |
| 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 | $0 |
| Other salaries and wages | $59,422 |
| Pension plan accruals and contributions | $2,971 |
| Other employee benefits | $0 |
| Payroll taxes | $4,546 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,896 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,279 |
| Office expenses | $1,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $860 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,000 |
| All other expenses | $0 |
| Total functional expenses | $294,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,865 |
| Savings and temporary cash investments | $0 |
| 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 | $3,628,832 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,707,697 |
| Accounts payable and accrued expenses | $1,445 |
| 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 | $172,632 |
| Total liabilities | $174,077 |
| Net assets without donor restrictions | $597,026 |
| Net assets with donor restrictions | $2,936,594 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,707,697 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Boys Ranch Foundation has recieved totaling $126,421.
| Awarding Organization | Amount |
|---|---|
Welborn-Payne Endowment Trust Lubbock, TX PURPOSE: FOSTER CHILDREN | $126,421 |
Endowment Analysis
| Beg. Balance | $2,842,594 |
| Net Contributions | $94,000 |
| Ending Balance | $2,936,594 |
Peer Organizations
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|---|---|---|
Birch Tree Communities Inc Benton, AR | $35,742,319 | $42,327,607 |
Lighthouse Behavioral Wellness Centers Inc Ardmore, OK | $12,368,374 | $20,481,854 |
Youth Home Inc Little Rock, AR | $11,673,372 | $14,235,116 |
Family And Child Guidance Centers Dallas, TX | $7,706,569 | $12,795,747 |
Santa Maria Hostel Inc Houston, TX | $4,699,016 | $11,416,732 |
Inspired Behavioral Health Inc Rosenberg, TX | $5,761,942 | $13,253,638 |
High Sky Childrens Ranch Midland, TX | $19,707,547 | $6,571,730 |
Settlement Club Austin, TX | $6,964,165 | $6,077,333 |
Familylink Treatment Services Inc Gonzales, TX | $9,581,340 | $5,658,083 |
Teen Challenge Ranch Of Northwest Arkansas Inc Morrow, AR | $4,647,036 | $4,922,534 |
Burke Foundation Driftwood, TX | $9,445,597 | $5,968,071 |
Garvin County Community Living Center Inc Pauls Valley, OK | $1,977,625 | $4,309,436 |