Nonprofit · EIN 32-0073943
COMMUNITY FOUNDATION OF THE BRAZOS VALLEY
Tax-exempt · BRYAN, TX 77802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,102,484 | $1,476,290 | $626,194 | $13,621,696 | $1,123,884 | $12,497,812 |
| December 31, 2023 | 990 | $1,887,665 | $1,490,692 | $396,973 | $12,827,839 | $1,045,040 | $11,782,799 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,198,276
- Program service revenue
- $0
- Investment income
- $756,836
- Net gain from sales of assets
- $382,926
- Net income from fundraising events
- $147,032
- Other revenue
- $147,372
Expenses
- Grants and similar amounts paid
- $1,101,733
- Other salaries and wages
- $114,297
- Salaries, compensation and benefits (total)
- $123,164
- Professional fundraising fees
- $0
- Accounting fees
- $29,321
- Occupancy
- $11,447
- Travel
- $574
- Program services (functional)
- $1,285,515
- Management and general (functional)
- $141,510
- Fundraising (functional)
- $49,265
Balance sheet and other
- Total assets, start of year
- $12,827,839
- Total assets, end of year
- $13,621,696
- Total liabilities, end of year
- $1,123,884
- Net assets, end of year
- $12,497,812
- Land, buildings and equipment
- $25
- Publicly traded securities
- $12,680,670
- Net assets without donor restrictions
- $12,497,812
- Gross receipts
- $2,651,507
- Employees
- 2
- Volunteers
- 42
- Year formed
- 2003
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICIA GERLING | PRESIDENT/CEO Officer | 40 | $88,500 |
| JORGE BERMUDEZ | TRUSTEE Trustee or director | 1 | $0 |
| JACK BUCKLEY JR | TRUSTEE Trustee or director | 1 | $0 |
| CANDY RUST | TRUSTEE Trustee or director, Officer | 1 | $0 |
| NATALIE PINE | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| JERRY FOX | TREASURER Trustee or director, Officer | 2 | $0 |
| PAT GUSEMAN | TRUSTEE Trustee or director | 1 | $0 |
| JOSH GORBUTT | CHAIR Trustee or director, Officer | 2 | $0 |
| WELDON RUSSELL | TRUSTEE Trustee or director, Officer | 1 | $0 |
| LOUANN MCKINNEY | TRUSTEE Trustee or director | 1 | $0 |
| CASEY OLDHAM | CHAIR ELECT Trustee or director | 2 | $0 |
| LIA ZACCAGNINO | SECRETARY Trustee or director, Officer | 1 | $0 |
| JULIE PORTER | TRUSTEE Trustee or director | 1 | $0 |
| MOLLY WATSON | TRUSTEE Trustee or director | 1 | $0 |
| MILDRED DAVIS | TRUSTEE Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARRIE HINES | ASSISTANT BOARD TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICIA GERLING | PRESIDENT/CEO Officer | 40 | $88,500 |
| JORGE BERMUDEZ | TRUSTEE Trustee or director | 1 | $0 |
| JACK BUCKLEY JR | TRUSTEE Trustee or director | 1 | $0 |
| CANDY RUST | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| NATALIE PINE | CHAIR Trustee or director, Officer | 1 | $0 |
| JERRY FOX | TREASURER Trustee or director, Officer | 2 | $0 |
| PAT GUSEMAN | TRUSTEE Trustee or director | 1 | $0 |
| JOSH GORBUTT | CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| WELDON RUSSELL | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| LOUANN MCKINNEY | TRUSTEE Trustee or director | 1 | $0 |
| CASEY OLDHAM | TRUSTEE Trustee or director | 1 | $0 |
| LIA ZACCAGNINO | SECRETARY Trustee or director, Officer | 1 | $0 |
| JULIE PORTER | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1733 BRIARCREST DR STE 209, BRYAN, TX 77802-2755
- In care of
- % PRESIDENT
- Principal officer (990 for 2024)
- PATRICIA GERLING, P O BOX 2622, BRYAN, TX 778042622
- Signed the 990
- PATRICIA GERLING, PRESIDENT/CEO
- Phone
- (979) 589-4305
- Website
- CFBV.ORG
- Return prepared by
- SEIDEL SCHROEDER
Mission
DEDICATED TO IMPROVING THE QUALITY OF LIFE IN THE BRAZOS VALLEY THROUGH THE DEVELOPMENT OF PHILANTHROPIC GIVING, RESPONSIBLE GRANTMAKING, PROFESSIONAL STEWARDSHIP AND COLLABORATIVE LEADERSHIP.
Program accomplishments
- THE COMMUNITY FOUNDATION OF THE BRAZOS VALLEY DISTRIBUTED GRANTS TO IMPROVE THE QUALITY OF LIFE IN THE BRAZOS VALLEY TO QUALIFIED 501(C)(3) ORGANIZATIONS SELECTED BY AN APPROVED GRANT APPLICATION PROCESS AND BOARD OF TRUSTEES ACTION.Expenses $1,265,915 · grants $1,082,133
- EDUCATIONAL SCHOLARSHIPS TO STUDENTS.Expenses $19,600 · grants $19,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0073943
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $13,621,696
- Income (IRS master file)
- $2,651,507
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,102,484 | $1,476,290 | $13,621,696 | XML |
| 990 | December 2023 | $1,887,665 | $1,490,692 | $12,827,839 | XML |
| 990 | December 2022 | $1,011,037 | $476,720 | $11,470,985 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0073943).
Questions about COMMUNITY FOUNDATION OF THE BRAZOS VALLEY
- What is the EIN of COMMUNITY FOUNDATION OF THE BRAZOS VALLEY?
- The employer identification number (EIN) of COMMUNITY FOUNDATION OF THE BRAZOS VALLEY is 32-0073943.
- Is COMMUNITY FOUNDATION OF THE BRAZOS VALLEY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to COMMUNITY FOUNDATION OF THE BRAZOS VALLEY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY FOUNDATION OF THE BRAZOS VALLEY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY FOUNDATION OF THE BRAZOS VALLEY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY FOUNDATION OF THE BRAZOS VALLEY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY FOUNDATION OF THE BRAZOS VALLEY?
- The 990 for the year ended December 31, 2024 names PATRICIA GERLING.
- Who are the officers and directors of COMMUNITY FOUNDATION OF THE BRAZOS VALLEY?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $88,500 (PATRICIA GERLING, PRESIDENT/CEO).
- How much revenue does COMMUNITY FOUNDATION OF THE BRAZOS VALLEY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,102,484, expenses of $1,476,290 and total assets of $13,621,696 at year end.
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All nonprofits in BRYAN · Texas · Philanthropy, voluntarism and grantmaking foundations