My Town Foundation
- Assets
- $6.8k
- Revenue
- $77.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-1331825
Organization Overview
My Town Foundation is located in Lubbock, TX. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Town 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 12/2022, My Town Foundation generated $77.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $106.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, My Town Foundation has awarded 11 individual grants totaling $117,009. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEVOLENT, CHARITABLE, LITERARY, AND EDUCATIONAL PURPOSES AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE SPECIFICALLY DIRECTED AT AND FOR BENEVOLENT AND CHARITABLE GIVING AND CARRYING ON ANY AND ALL LAWFUL ACTIVITIES THAT MAY BE INCIDENTAL OR REASONABLY NECESSARY TO EFFECT SUCH PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Tyler Pres/exe Dir | 5 | $0 | |
John Shanklin Secretary | 5 | $0 | |
Aaron Pool Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,724 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $34,500 |
| Pension plans, employee benefits | $2,639 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10 |
| Printing and publications | $0 |
| Other expenses | $4,249 |
| Total operating and administrative expenses | $44,389 |
| Contributions, gifts, grants paid | $61,772 |
| Total expenses and disbursements | $106,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,424 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $391 |
| Total assets | $6,815 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $272 |
| Total liabilities | $272 |
Grants Awarded
Over the last fiscal year, My Town Foundation has awarded $61,772 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RENEW LIFE PURPOSE: GENERAL | $46,712 |
PRIMROSE SCHOOL OF LUBBOCK PURPOSE: GENERAL | $530 |
CAMP OF THE HILLS PURPOSE: SCHOLARSHIP FOR CAMPER | $300 |
ISAIAH HILL PURPOSE: RENT FOR COLLEGE STUDENT | $2,950 |
ONE VOICE PURPOSE: GROUP HOME FOR SURVIVORS | $1,030 |
JADA GILLISPIE PURPOSE: GIFT TO SOCCER TEAM | $250 |